Sightings

Estate tax. The clearest benefit for the Trump family would be the tax bills' changes to the estate tax, which falls on estates worth more than $5.49 million (nearly $11 million for a couple). The House bill would repeal the estate tax entirely in 2024. As we’ve written before, that would save Trump’s estate $564 million, according to a Bloomberg estimate, based on a net worth of $3 billion. Trump has said his net worth is $10 billion, and if so, the savings to his estate from a repeal of the tax would be $1.9 billion. more »

While Paris was known as a cosmopolitan city, Parisian society was still very restrictive for women. They were not allowed to attend the École des Beaux-Arts, the country’s most important art academy until 1897, and it was not socially acceptable to frequent public spaces, such as cafes, to work on their art and mingle with their peers without a male companion. The exhibition traces how women embraced their artistic aspirations and helped create an alternative system that included attending private academies, exhibiting independently and forming their own organizations. more »

Janet Yellen before the Joint Economic Committee, US Congress "With the job gains this year, 17 million more Americans are employed now than eight years ago. Meanwhile, the unemployment rate, which stood at 4.1 percent in October, has fallen 0.6 percentage point since the turn of the year and is nearly 6 percentage points below its peak in 2010. In addition, the labor force participation rate has changed little, on net, in recent years, which is another indication of improving conditions in the labor market, given the downward pressure on the participation rate associated with an aging population." more »

The Downton Abbey-themed experience has opened: The Exhibition opened in New York City on Nov. 18, and runs through the month of January before traveling throughout the US. It will connect fans with their favorite characters, costumes, locations and historic events of the era, as well as showcase never-before-seen footage. In the meantime, the Lightner Museum in St. Augustine, Florida is presenting a costume history of the period surrounding World War I, a period that changed the social fabric of Great Britain.   more »