Should you be worrying right now? Are we about to go back to the future where economic malaise brings a sorrowful stew of high inflation and rising interest rates? Or is this just a temporary temporal anomaly caused by a fixable mix of bad luck and bad decision making? You might have noticed inflation hitting
Month: August 2021
Worried about what new taxes are coming? You’re not alone. The bipartisan infrastructure bill (H.R. 3684) released August 1 confirms that Democrats are saving their tax code proposals for an upcoming year-end reconciliation bill like the Tax Cuts and Jobs Act. On August 9 Senate Democrats released their long-awaited budget resolution, which includes reconciliation instructions on $3.5 trillion in new spending and
When Hamilton House was built in southern Maine around 1785, the invention of air conditioning was still over two centuries away. But this Georgian manor house stays remarkably cool on hot summer days, a function of its traditional design. “It’s a matter of good air flow,” says Ben Haavik, Team Leader for Property Care at
Tourists in gondolas in Venice, Italy, one of Italy’s most famous places for tourists. Ngoc To Vy Nguyen | EyeEm | Getty Images Venice is set to impose an entry fee for visitors in a bid to prevent huge swathes of tourists descending on the city. Italian newspaper La Stampa reported over the weekend that
Zephyr18 | iStock | Getty Images The hacker behind the biggest cryptocurrency heist of all time has granted access to the final tranche of stolen funds. Poly Network, a platform in the decentralized finance or “DeFi” space, was hit by a major attack this month which saw the hacker, or hackers, steal more than $600
In this article NGCA BA The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit, the satellite-launching spinoff off of Sir Richard Branson’s Virgin Galactic, is preparing to go public, announcing Monday that it will merge with a SPAC
In this article MNTV svetikd | E+ | Getty Images People of color are still lagging behind when it comes to investing, a new CNBC/Momentive Invest in You survey found. Half of Black U.S. adults and 49% of Hispanics don’t currently own individual stocks, mutual funds, bonds, exchange-traded funds, cryptocurrency or real estate. Meanwhile, 32%
Having money for those rainy-day events is crucial for Americans and their financial situations. But most Americans have a hard time funding an emergency expense. A recent GOBankingRates survey found that 57.4% of Americans have less than $1,000 saved for emergencies. A separate Bankrate.com survey found that 39% of adults in the U.S. wouldn’t be
Cantilevers were a comparatively late advent in architecture, one that required the invention and widespread use of steel in construction. But some 115 years after Frank Lloyd Wright famously used a cantilever system in designing Robie House in Chicago, cantilevering is ushering in a new dimension in skyscraper design. Architects and developers have seized on
In this article BTC.BS=-USS An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images Bitcoin neared $50,000 as it continues to rebound after months of weakness The world’s largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase.
In this article LTC.CM= ETH.CM= BCH.CM= BTC.CM= PYPL PayPal has launched its cryptocurrency service in the U.K. PayPal LONDON — PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. It marks the the first
Before my wife and I got married we had the “money talk”. Since we were relatively young, and neither of us had that much money, the talk was pretty short. We discussed how much we were making, our projected future income, and how we would handle the small nest eggs we had each accumulated before
Recently I was puzzling about how it could be that the Tax Court had by mid-August received more petitions than it had in total in each of the past three years. Had I not had the good fortune to retire from active practice in 2018, I might have known. There is a good chance that the
A Malibu spec home aiming for a Zero Carbon Certification (ZCC) hits the market for $32 million. Located in Ventura, Calif., developer Crown Pointe Estate’s “Zero 1” residence is seeking an elusive green certification and a serious eco-warrior buyer. The six-bedroom, nine-bathroom home sits in 14,429 square feet. It is the first of the MariSol
In this article DIS Jodie Comer and Ryan Reynolds star in 20th Century Studio’s “Free Guy.” Disney A charismatic Ryan Reynolds and good word-of-mouth helped Walt Disney’s “Free Guy” stay at the top of the box office. The film added another $18.8 million domestically over the weekend, a 34% drop from its opening tally. Known
If you can withstand the market’s wild swings, Wilmington Trust’s Meghan Shue believes it’s an ideal time to put cash to work. It may seem counterintuitive, but she’s more comfortable investing in stocks now than earlier this summer when Wall Street was calmer. “It’s actually more unsettling when it appears that everything is good and
Your aging parent may have demanded something from you long ago: “Promise you’ll never put me in a home!” And you may have promised that. Perhaps you never thought through the implications. For elders who saw what healthcare was like before Medicare in 1965, their fears are founded in what things looked like then: unregulated
Today’s column addresses questions about taking reduced retirement benefits before later spousal benefits, whether there’s a best time of the year to retirement and the potential availability of spousal benefits after a divorce. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more
In the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how two top real estate agents recently set a record in one of Los Angeles’ hottest markets. The Sherman Oaks residence received multiple offers thanks in part to the savvy marketing techniques … [+] leverages by
FILE PHOTO: U.S. Army soldiers assigned to the 82nd Airborne Division patrol Hamid Karzai International Airport in Kabul, Afghanistan August 17, 2021. Picture taken August 17, 2021. U.S. Air Force | Reuters The Biden administration has told commercial U.S. airlines that it could order them to help in the Afghanistan evacuation, according to a person
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