Abraham Lincoln statue in front of the Illinois State Capital Building in Springfield, Illinois getty Longtime readers with particularly good memories may recall my first actuary-splainer: “Why Public Pension Pre-Funding Matters.” Knowing that many public pensions have had a long legacy of unfunding, and that the elected officials in charge of those plans have been
Month: October 2020
Colorful tech figure and sometimes taunter of the IRS John David McAfee has been indicted for federal income tax evasion. Given his profile, particularly such antics as proclaiming that he isn’t filing tax returns but the IRS can come find him, it may not seem a surprise that McAfee is in some serious hot water.
Chief Executive at EastBanc, a multinational real estate development company headquartered in Washington, D.C. getty Some think that the Covid-19 pandemic will be the final straw for brick and mortar retail after years of struggle. However, many of the challenges retail faces today — excess space leased at high term and rent, competition with e-commerce and
Bristol-Myers Squibb CEO Giovanni Caforio told CNBC’s Jim Cramer on Monday why the pharmaceutical company paid a premium for heart drugs company MyoKardia. Bristol Myers announced earlier that day it would dish out $13 billion for MyoKardia, whose stock surged double digits during the session to close short almost five points from Bristol Myers’ $225 offer price.
Crowdcube co-founder and CEO Darren Westlake. Crowdcube LONDON — British start-up investing platforms Crowdcube and Seedrs are set to merge in an industry-shaking deal that will create a £140 million ($181.4 million) equity crowdfunding powerhouse. Crowdcube and Seedrs, founded in the wake of the 2008 financial crisis, shook up the capital markets by allowing the
kali9 | E+ | Getty Images The Covid-19 pandemic has produced a rise in estate planning. To that point, a survey conducted for LegalZoom.com found that 32% of young people ages 18 to 34 said they got a will because of Covid-19. What’s more, 21% of that age group also drew up a will specifically
As a CERTIFIED FINANCIAL PLANNER™ professional with over 30 years in the financial services industry, I am often asked, ‘Is it too early to start planning for retirement?’ And my answer is always the same – it is never too early! The Report on the Economic Well-Being of U.S. Households in 2018 which was released in
November 21: Last day to claim CARES Act stimulus payment. getty The Internal Revenue Service today announced that it’s extending the deadline to claim an Economic Impact Payment by five weeks to help individuals who haven’t yet received a stimulus payment and don’t normally file a tax return. The new deadline is November 21, pushed
The Covid-19 pandemic is influencing how are homes are designed and remodeled, according to … [+] designers and architects around the country. Photo Courtesy of Deckorators; deckorators.com // Wellness by Design (Tiller Press), (c) J. Gold The American Institute of Architect’s third quarter 2020 Home Design Trends Survey shows a strong jump in the number
White House physician Sean Conley (R) gives an update on the condition of US President Donald Trump, on October 3, 2020, at Walter Reed Medical Center in Bethesda, Maryland. Brendan Smialowski | AFP | Getty Images President Donald Trump‘s doctors are using almost every drug in the Covid-19 arsenal to treat him, worrying some physicians
A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading. Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used
Mark Cuban, entrepreneur and investor on ABC’s “Shark Tank,” has invested in hundreds of successful companies to date. In the 1990s, Cuban founded and sold several start-ups that helped him reach billionaire status. And in 2000, he paid $285 million for a majority stake in the Dallas Mavericks. (Under his ownership, the team won an NBA championship in 2011 and is now valued at an estimated $2.3 billion,
CNBC’s Jim Cramer said Monday he thinks the stalemate in coronavirus stimulus discussions could be close to breaking, potentially giving a boost to stocks. “Talks this morning could be fruitful, and I think that therefore I wouldn’t bet against this market right now,” Cramer said on “Squawk on the Street.” House Speaker Nancy Pelosi, D-Calif.,
Getty Images You’ve heard of buyer’s remorse when it comes to things people buy. But you may not know that people can experience those same regrets because of the way they choose to pay for their purchases. One frequent culprit: retail credit cards. Purchases made with those accounts will likely end up costing consumers more
Melissa Bradley founded 1863 Ventures to help women and people of color jump start their businesses. Source: Melissa Bradley Melissa Bradley’s mission to help women and people of color build their businesses stems from the hardships she faced as a young entrepreneur. The 52-year-old, co-founder of the mentorship tech platform Ureeka and a Georgetown University
An interior view of the Supreme Court shows the bench draped with black bunting in honor of the late Justice Ruth Bader Ginsburg in Washington, U.S., in this handout photo released to Reuters on September 20, 2020. Collection of the Supreme Court | Reuters Less than 45 days before the election, Justice Ruth Bader Ginsburg
The pandemic has changed the world and the world of aging particularly. As elders are at significantly higher risk than others for serious illness and death from Covid-19, more precautions have been in place from the beginning. Where immediate steps for extra preventive measures were not in place, deaths rapidly increased. Even with awareness, the
WASHINGTON, DC – SEPTEMBER 30: U.S. President Donald Trump speaks to reporters on his way to Marine … [+] One on the South Lawn of the White House on September 30, 2020 in Washington, DC. President Trump is traveling to Minnesota for a fundraising event and a campaign rally. (Photo by Drew Angerer/Getty Images) Getty
Exemplifying the building boom of new residential properties in South Harlem is 300 West, a … [+] 15-story, attainably-priced luxury condominium. Asthetique Extending from Morningstar Park to Fifth Avenue, and from Central Park North to West 125th St., New York City’s South Harlem continues experiencing a major transformation. Across the enclave a blossoming of upscale
US President Trump waves from the back of a car outside of Walter Reed Medical Center in Bethesda, Maryland on Ocotber 4, 2020. Alex Edelman | AFP | Getty Images LONDON — President Donald Trump on Sunday briefly ventured outside Walter Reed hospital in a motorcade to greet cheering supporters, a move that doctors have
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