Month: August 2020

US President Donald Trump signs executive orders extending coronavirus economic relief on August 8, … [+] 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Throughout the 3 ½ years of his presidency, Donald Trump has disrupted nearly every major institution of government, save one. He
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Only 4.3% of America’s 22.2 million business owners are Black, according to numbers reported in February by the Brookings Institute. And Black-owned businesses launch with about “a third less capital than their white peers and have difficulties raising private investments from mainstream investment systems,” reported Brookings. While 7% of white business owners get a loan
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Parents are forming learning pods for their children to supplement virtual learning this fall. Source: Outschool The latest education trend has parents reaching into their wallets to help supplement or replace their children’s virtual education this fall. So-called “learning pods” or “pandemic pods” are popping up all over the country. They are small, in-person groups
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Mohamed El-Erian told CNBC on Monday that he considers a wave of corporate bankruptcies as the biggest risk to the stock market’s rally from coronavirus-era lows.  “I think what derails this market isn’t more China-U.S. tension, isn’t more political differences. It would be if we get then large-scale bankruptcies,” the chief economic advisor at Allianz said on “Squawk
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getty First, the background: With Congressional negotiations on a “second stimulus” bill going nowhere, President Trump signed a set of executive orders yesterday, of dubious legality or effectiveness, regarding student loans, evictions, unemployment benefits, and, yes, Social Security. After having called for a payroll tax cut since the start of the crisis (as far back
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The economy faces a major output gap, and executive orders can’t generate enough funding to address it. Only significant Congressional spending can provide the necessary level of funds. US President Donald Trump signs executive orders extending coronavirus economic relief, during a … [+] news conference in Bedminster, New Jersey, on August 8, 2020. (Photo by
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Popular summer vacation spot Provincetown, Massachusetts, is taking Covid-19 seriously, mandating mask-wearing and limiting the number of customers in stores, but consumers are still out. (Photo by Zach D Roberts/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Small businesses are feeling somewhat more optimistic, adapting operations to the new economic and public health
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U.S. Speaker of the House Nancy Pelosi, joined by Senate Minority Leader Chuck Schumer, speaks to reporters in the U.S. Capitol in Washington, July 29, 2020. Erin Scott | Reuters Top Democrats on Sunday criticized President Donald Trump’s executive actions on coronavirus relief as “absurdly unconstitutional” and “way off base.” The measures, which Trump signed on Saturday
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President Trump signed four executive orders on Saturday. They direct the Treasury to extend the federal bonus for unemployment insurance, order the Treasury and HUD to provide temporary funds to renters and struggling homeowners, extend a payment moratorium on student loans, and defer the 6.2% Social Security tax, also known as the payroll tax. All
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Many Americans are struggling to meet their credit card mills during the pandemic. zenstock | iStock | Getty Images Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they’re worried they won’t be able to continue making even the minimum payments on their debt.  The figure comes from
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Downtown Greenville, South Carolina getty I’ll state right away that I still see promise in certain big-city real estate investment trusts (REITs). So this is not a hit against that entire focus. You may have seen the recent news that Facebook (Nasdaq: FB) signed a massive lease with Vornado Realty Trust (VNO). And that’s in
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Economic Security Planning, Inc. Today’s column addresses questions about having no income in the years before filing, potentially filing early with minor children, potential effects of continuing to earn income and how spousal benefit amounts are determined. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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