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Investors are increasingly interested in companies that are environmentally and socially conscious, and the world’s largest asset manager is no exception. In an annual letter to CEOs earlier this year, BlackRock Chairman and CEO Larry Fink said “climate change has become a defining factor in companies’ long-term prospects … But awareness is rapidly changing, and I believe
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The way to understand how premiums are calculated on a term life insurance policy is to recognize that term life insurance is a collection of renewable one-year term policies. Consider that I buy a one-year term policy as a forty-year-old male. Given the mortality data I am using, the insurance company projects that over the
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Although a second stimulus plan is still up in the air, the Federal Reserve is determined to push consumer borrowing costs even lower as the economic recovery takes hold — giving everyday Americans a reason to be optimistic. In addition to holding interest rates near zero, Fed Chairman Jerome Powell said Wednesday the central bank will continue
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Providence Mayor Jorge Elorza has stated that the city’s Actuarially Required Contribution to the … [+] pension system each year is “unsustainable” and that he fears the city may need to file for bankruptcy in the future if it doesn’t alter pensions or receive an infusion of cash to stabilize its pension system. Boston Globe
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PALM BAY, FLORIDA, UNITED STATES – 2020/12/08: People line up to receive food at the Share Your … [+] Christmas food distribution event. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images One of the major skirmishes in the months-long battle over the fate of a new pandemic relief bill is
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Rents fell the most in Midtown Manhattan. getty New York City rents have fallen farther this year than they did during the Great Recession, according to a report released today by real estate listings site StreetEasy.  Manhattan rents fell 12.7%, compared to dropping 10% around the recession that started in 2008, with the median asking
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AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
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Tacoma, Washington has seen home values appreciate solidly over the last year, while houses are … [+] selling very quickly, with nearly 74% of homes sold going off the market within just two weeks. getty As 2020 nears its end, one of the more interesting developments to observe was how housing markets reacted to the
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