President Donald Trump speaks during a news conference at the White House on Monday, Aug. 10. Stefani Reynolds/CNP/Bloomberg via Getty Images President Trump’s executive order to boost unemployment benefits would give jobless Americans $708 a week in total aid, on average. Yet some may get less or none at all, given many caveats to the
Month: August 2020
President Donald Trump’s executive order to defer the collection of payroll taxes from employees through the end of 2020 has created more questions than answers for businesses and their employees. Normally, payroll tax is a 6.2% tax on a employee’s salary (up to $137,700 annually for 2020) is withheld from their paycheck to fund Social
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
seksan Mongkhonkhamsao Americans should be wary of fraud as Washington lawmakers debate the contours of another round of potential financial relief, according to an alert issued Tuesday by the Federal Trade Commission. Consumers should be cautious of solicitations asking them to pay for access to certain financial assistance, like stimulus checks and job opportunities, according
Virginia Ali, co-owner of Ben’s Chili Bowl, one of the many Black-owned businesses on Avenue U in Washington D.C., sits near photos of her and her husband Ben, on June 15, 2020. Numerous studies have shown that African-American entrepreneurs, particularly in the service sector such as restaurants, have suffered most severely from the economic and
Boy amongst watermelons in Ajijic, Mexico Chuck Bolotin This morning, from the viewpoint of our master bedroom, I woke up to a spectacular view of Lake Chapala, in the Mexican highlands. There had been a light rain the night before. Scanning past our expansive, freshly mowed lawn with the newly planted palm trees my wife had the
Economic Security Planning, Inc. Today’s column addresses questions about withdrawing an application after revising filing plans, potential effects of the Windfall Elimination Provision (WEP) and the Government Pensions Offset (GPO) and divergent SSA benefit estimates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
TOPLINE Home-sharing giant Airbnb reportedly plans to file paperwork for an initial public offering later this month, paving the way for the company to potentially make its public markets debut this year amid the economic fallout from the coronavirus pandemic. Airbnb has resumed its efforts to go public this year, despite fallout from the pandemic.
Russian President Vladimir Putin chairs a meeting focused on the support to the aviation industry and the air transportation at his country residence in Novo-Ogaryovo outside Moscow, on May 13, 2020. Alexey Nikolsky | AFP | Getty Images Russian President Vladimir Putin claimed Tuesday that Russia has developed the first coronavirus vaccine and said his daughter
Aerial view of Lujiazui Financial District at dusk, Pudong, Shanghai, China. Fei Yang | Moment | Getty Images U.S. sanctions on Hong Kong leader Carrie Lam raises uncertainty for international banks that were looking at a historic opening of the Chinese financial market. The U.S. Treasury announced Friday sanctions on the semi-autonomous region’s chief executive and
A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in
A Social Security Administration office in San Francisco. Getty Images President Donald Trump’s executive order calling for a payroll tax holiday is prompting many to ask: What does that mean for the future of Social Security? Whether the president’s move ultimately will hurt the program depends on who you ask. Payroll taxes are taken from
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
© 2019 Bloomberg Finance LP While a lot has been written about when the second stimulus check will go out, many are still waiting for some or all of their first stimulus check. Until now, taxpayers were pretty much on their trying to navigate the IRS website. Starting today, however, those still waiting for their
This is the Louisiana State Museum and Sports Hall of Fame: Facade designed by Trahan Architects. Photo courtesy of Timothy Hursley © I had the opportunity to interview Trey Trahan, the founder of Trahan Architects in New Orleans and New York. His firm was recently ranked #1 Design Firm in the U.S. by ARCHITECT Magazine, the
U.S. President Donald Trump speaks during a news conference amid the spread of the coronavirus disease (COVID-19), at his golf resort in Bedminster, New Jersey, August 8, 2020. Joshua Roberts | Reuters President Donald Trump on Monday urged Americans to stop politicizing the coronavirus, only to blame the outbreak in the United States on China
Brendan McDermid | Reuters Futures tied to major U.S. equity averages were little changed in overnight trading on Monday after days of gains on Wall Street pushed the S&P 500 within striking distance of a record high. Dow Jones Industrial Average futures dipped about 10 points. The S&P 500 and the Nasdaq 100 futures were
Steven Heap/EyeEm/Getty Images President Donald Trump’s payroll tax deferral plan could result in higher tax bills for workers in 2021, tax experts said. As lawmakers remained at a stalemate over coronavirus relief efforts last week, Trump signed a package of four executive orders on Aug. 8. In one of them, the president called for the
Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S.
A banner against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images) ERIC BARADAT | AFP | Getty Images The executive action President Donald Trump took on Saturday doesn’t give
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