Month: September 2020

The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Fabrice Coffrini | AFP | Getty Images Swiss watchdog FINMA (the Financial Market Supervisory Authority) said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year. “FINMA has opened enforcement
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Social Security requires more than a power of attorney getty Hopefully, Baby Boomers are paying more attention to their power of attorney (POA) documents.  A previous post pointed out that, as valuable as these POA documents are, they will not stand alone for Medicare. The same holds true for Social Security. POAs do not give the
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Close-Up Of Small Shopping Boxes With Credit Card On Laptop getty In the years after the U.S. Supreme Court upheld the physical presence nexus standard for state authority to impose a sales and use tax collection duty on remote sellers in Quill v. North Dakota, sales by remote sellers exploded, due almost entirely to the deployment of the world
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Convalescent plasma from a recovered coronavirus disease (COVID-19) patient is seen at the Central Seattle Donor Center of Bloodworks Northwest during the outbreak in Seattle, Washington, April 17, 2020. Lindsey Wasson | Reuters A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against
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China’s baby boomers are set to retire in the coming years, and they’re spending in different ways compared to the current retirees, according to a Credit Suisse report. These baby boomers — defined in the report as those born in the 1960s — are more aware of having their health-care needs covered, and that’s set to lead to a “very
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David Bakke, 48, considered himself pretty responsible when it came to saving money. As a freelance blogger, he had been putting money aside in an emergency fund and had about $6,000 saved before the pandemic. But Covid-19 caused his business to slow while a surprise air conditioning repair set him back $3,000. “It [emergency savings]
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By Nancy Collamer, Next Avenue Contributor Barbara Sher Courtesy Barbara Sher’s YouTube channel With entire industries pummeled by the pandemic, millions of older American workers are being forced to find new career paths. If you’re one of them, you’re likely struggling to find your way forward. There’s no surefire formula for navigating a successful career
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Tang Ming Tung | DigitalVision | Getty Images From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. While millions are still unemployed and many have seen their emergency savings run dry, it isn’t all necessarily negative. Many are saving more and spending less. In fact of those surveyed
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A federal coronavirus small-business loan program has helped millions of companies stay afloat during the pandemic, but may have also sunk billions of dollars on “fraud, waste, and abuse,” House Democrats said Tuesday. The conclusion from majority staff on the House coronavirus subcommittee came in a new report on the Paycheck Protection Program, a key
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