3Q.18

Question 1

Define Autocracy

Answer 1

System of government led by one person with absolute power.

Question 2

Define Fascism

Answer 2

A form of authoritarian ultra nationalism, characterised by;

1) Dictatorial Power
2) Suppression of the opposition
3) Control of industry and economics

Question 3

Why is it more difficult to write off charitable donations?

Answer 3

Standard deduction (minimum amount you can deduct with no actual expenses) has increased to 12, 24k (individual, family). Therefore, to get a deduction in excess of standard deduction you must have given more than the standard deduction.

Question 4

When will the US likely take over as the worlds leading crude producer?

Answer 4

In 2019 at 12M BPD

Question 5

What is ANT Financial?

Answer 5

Formerly Alipay, payment service for Alibaba. Went through largest fundraising by private company when it raised 14B at 150B valuation.