President Joe Biden addresses the 76th Session of the U.N. General Assembly on Sept. 21, 2021 in New York. Eduardo Munoz-Pool/Getty Images President Joe Biden and House Democrats have unveiled plans to raise taxes on households with more than $400,000 of annual income, and cut or maintain taxes for those below the line. But what’s
Month: September 2021
The shortage of staff in long-term facilities and home care agencies has gone from a problem to a crisis. · Three rural nursing homes in Maine close because they cannot hire enough staff to maintain care for patients and residents. · A nursing home in Oklahoma shuts its doors due to a staff shortages. Same in Kansas.
Whether you believe digital assets like Bitcoin, Dogecoin and Ethereum represent the greatest investment opportunity in decades or the biggest scam in history, one thing is certain: cryptocurrency is going mainstream. Not only has it become ubiquitous in investor portfolios – from some of the largest institutional funds to the most modest mom-and-pop online brokerage
Mega-mansion developer Mohamed Hadid has reduced the price for a property overlooking Beverly Hills to $50 million, down 50% from the original asking price of $100 million. Called Olive Hills, the undeveloped land near Franklin Canyon in Los Angeles surfaced for sale in July, roughly six months after a series of events led the entities
Former prosecutor David Henderson predicted that September 29 would mark the day that Jamie Spears would be removed from daughter Britney Spears’ conservatorship. “I think this is one of those situations where you turn on the light, and the bugs scatter,” the Civil Rights lawyer told CNBC’s “The News with Shepard Smith.” “I think that
U.S. stock index futures were little changed during overnight trading on Wednesday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies. Futures contracts tied to the Dow Jones Industrial Average gained 35 points. S&P 500 futures were up 0.1%, while Nasdaq 100 futures advanced 0.14%. Stocks
Former U.S. Secretary of Defense James Mattis on September 03, 2019 in New York City. Steven Ferdman | Getty Images SAN JOSE, CALIF — Former U.S. Defense Secretary General James Mattis testified on Wednesday that as a board member at Theranos he was “frankly amazed” at what was possible at first but later became disillusioned
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will stay near zero for now,
The core of US hegemony is the role of the US dollar as the only world-wide acceptable means of payment. But China would like to supplant the dollar, and the US Congress can make it easy for them — by its inaction. If Congress fails to modify the existing Federal debt ceiling, sometime in October
As the US continues struggling with Covid-19 and economic recovery, debate is growing about the revival of “industrial policy”—government -led efforts to favor certain industries over others, in contradiction to market fundamentalist approaches. An important new forum in the Boston Review takes on these issues and is well worth your attention. For our future prosperity, these issues are more
Kenny Kane is the Chief Operating Officer at Firmspace. The idea of a shorter workweek has been around for decades. In fact, it was FDR who supported a 30-hour workweek in 1933 as a way to stimulate employment after the Great Depression. While opinions on shorter workweeks have been largely split since the days of FDR,
In this article T NFLX VIAC DIS The Emmy Award statue at the Academy of Television Arts & Sciences campus in Los Angeles during a Sneak Peek behind-the scenes reveal of televisions biggest night at the Television Academy in Los Angeles. Al Seib | Los Angeles Times | Getty Images Sunday’s Primetime Emmy Awards may
In this article NEXI-IT Italian payments giant Nexi says it is working with the European Central Bank on its proposed central bank digital currency. “We are engaging with the European Central Bank and contributing to the design of the future digital euro because we believe that can be a positive force in the evolution of
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
Marko Geber | DigitalVision | Getty Images In a world that’s rapidly changing and becoming more uncertain than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate through difficult life and financial decisions. The Covid-19 pandemic, combined with the social and economic shifts
Frederic J. Brown | AFP | Getty Images Whoever is holding the winning ticket for the $432 million Mega Millions jackpot is about to discover what a huge tax bill really looks like. A single Mega Millions ticket sold in New York City matched all six numbers in Tuesday night’s drawing to nab the top
My recent post summarized a straightforward, two-step retirement income strategy, called the Spend Safely in Retirement Strategy. Although that post provided a brief discussion of the two steps of the plan, it wasn’t possible to provide all the implementation details. This post should help fill that gap. Step 1: Make your Social Security income as big
When you are planning for a retirement income you can’t outlive, you must not forget about taxes. How much you will owe in taxes during your retirement years will depend on a combination of how your retirement income is generated and the dollar amount of your retirement income stream. Sadly, many pre-retirees forget about taxes
DiamondRock recently purchased the very coveted French Quarter, New Orleans asset – the Bourbon Orleans Hotel. This 220-room hotel, was purchased for $81 million in the city with a prime location on Bourbon and Orleans Avenue at the center of the French Quarter. Len Wormser, Bill Murney and Ketan Patel of HREC, arranged the sale.
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