Month: May 2020

Scientist Xinhua Yan works in the lab at Moderna in Cambridge, Massachusetts, on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19
0 Comments
View of Brooklyn office of NYS Department of Labor as unemployment claims soar during Covid-19 pandemic, with sign on the doors asking people to apply for unemployment online. Lev Radin | Pacific Press | LightRocket via Getty Images The startling 14.7% unemployment figure released last Friday bears even more sobering news for Latino workers: Among
0 Comments
Many Families Were Financially Vulnerable Before the Recession Started Getty The coronavirus pandemic has quickly upended people’s lives as communities and governments try to protect people’s health and save lives. Every day new data show the economic fallout from this necessary response to the deadly disease. The Federal Reserve just released its seventh iteration of
0 Comments
Getty The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans.  The new guidance implements the single most enticing aspect of the CARES Act’s marquee borrowing initiative for small businesses and self-employed individuals—loan forgiveness.  The SBA’s Loan Forgiveness Application provides detailed instructions for borrowers and the calculation of PPP
0 Comments
Getty In my prior article, I discussed the hidden provision in the HEROES Act to bail out troubled multiemployer pensions, the Emergency Pension Plan Relief Act of 2020, or the EPPRA. Wholly rejecting any sort of “shared sacrifice,” the bill’s provisions not only provide unlimited federal funding to those plans without any of the usual benefit
0 Comments
French economist Thomas Piketty answers a question during his press conference at Japan National … [+] Press Club in Tokyo on January 31 2015. Japanese language version of Piketty’s book, ‘Capital in the Twenty-First Century,’ started selling in Japan from December 2014, becoming the best-selling book in Japan. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit
0 Comments
Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions
0 Comments
Public companies that took advantage of the government’s small business loan program are likely to avoid repercussions from the agencies running the effort, according to legal experts. Businesses have until May 18 to return funds taken from the Paycheck Protection Program with amnesty,  but most of the public companies that got PPP loans are keeping
0 Comments
Everyone needs to update estate and financial planning. Those living with brain disease need special … [+] considerations. Getty Introduction Covid-19 or Coronavirus has created health worries and fear for everyone. For those with underlying health issues, which include multiple sclerosis, Parkinson’s disease, Alzheimer’s disease, or other brain diseases, those concerns are even more pronounced.
0 Comments
Economic Security Planning, Inc. Today’s column addresses questions about recouping benefits lost to the earnings test, information from Social Security about private pensions, how quarters and credits are counted, qualifying for lower Medicare premiums and being grandfathered out of the WEP. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
0 Comments