Spencer Platt | Getty Images The safety net meant to protect unemployed workers from financial devastation is defective, and the coronavirus pandemic has starkly exposed its many shortcomings, economists argue in a new paper published by the Massachusetts Institute of Technology. The pandemic, which triggered the deepest economic downturn since the Great Depression in the
Month: November 2020
Klaus Fedfelt | Getty Images The coronavirus has pushed thousands of businesses to the edge, but there may be a ray of hope for cash-strapped firms. Businesses laid low by the pandemic and community lockdowns need money now, and one of the best ways to get it is by taking advantage of very favorable rule
The drumbeat is starting: Stay-at-home workers should be hit with new taxes. This episode of What’s Ahead exposes the rationales and plots of greedy politicians to pick the pockets of these people, whose ranks have expanded enormously because of the pandemic. Governments worry that less use of commercial office space will hurt revenues in a
Kent Clothier, a national leader in the real estate investing industry, is the Founder and CEO of Real Estate Worldwide (REWW). getty You’ve heard that buying a rental property can be a fantastic way to produce passive income, and you’re ready to invest. But there’s a problem: all the best markets are outside your local area. Can
getty Reformers have long bemoaned the manner in which poor workers pay too high a “marginal tax rate” when both “regular” taxes and government benefit phase-outs are combined together. A recent article at Accounting Today summarized the situation: “About a quarter of lower-income workers effectively face marginal tax rates of more than 70 percent when
Colorado Gov. Jared Polis told CNBC that his state “really needs the federal government to step up on the health side and on the economic side” as the coronavirus pandemic barrels into a devastating new phase. “We’re trying to do that as a state, we did a one-time plus up of $375 of unemployment insurance,”
U.S. stock futures opened slightly higher on Monday night after two of the three major market benchmarks closed at record levels. Dow Jones Industrial Average futures were up marginally and S&P 500 futures gained 0.1%. Nasdaq 100 futures outperformed, rising 0.6%. Tesla shares jumped more than 10% after S&P Dow Jones Indices said the electric
Getty Images If you’re working and have access to a 401(k) plan, socking away at least enough money to grab the company’s matching contribution is key, experts say. Yet how much is that extra cash worth? Most companies that offer these workplace retirement plans will match your contributions up to a certain amount. Depending on
The penthouse occupies the 37th through 39th floors of the 1930s Hampshire House on Central Park … [+] South. Nest Seekers International A Manhattan penthouse overlooking Central Park, on the so-called Billionaire’s Row, with an award-winning redesign teed up, is being auctioned off next month with no reserve. The apartment is currently on the market
If you haven’t saved enough to support your current life in retirement, you may need to plan for a … [+] new life. getty Most pre-retirees haven’t saved enough money to retire full time at age 65 and enjoy their pre-retirement level of spendable income, according to a recent report from the Stanford Center on
Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors | Reuters Electric vehicle start-up Lordstown Motors said early reservations for its
Efforts to get Judy Shelton confirmed to the Federal Reserve just got a little tougher as one prominent Republican announced his opposition Monday. Sen. Lamar Alexander (R-Tenn.) said in a statement that he will oppose President Donald Trump’s nomination of Shelton as a Fed governor, CNBC’s Ylan Mui reported. That brings to three the total
Since the pandemic began, “my life has changed utterly,” Bill Gates said on an episode of the new podcast, “Bill Gates and Rashida Jones Ask Big Questions.” One of the biggest changes? The billionaire philanthropist and Microsoft co-founder said he hasn’t been to a physical office since March. “I’m kind of embarrassed to admit, there’s
Gregg Lemkau, co-head of investment banking for Goldman Sachs & Co. Christopher Goodney | Bloomberg | Getty Images Goldman Sachs is losing one of its top dealmakers. Gregg Lemkau, a nearly-three decade veteran of the bank and co-head of its powerhouse investment banking division, is leaving Goldman at the end of the year, according to
Aviation workers hold a protest organized by the Association of Flight Attendants outside the U.S. Capitol in Washington, D.C., on Sept. 9, 2020. Saul Loeb | AFP | Getty Images Washington lawmakers have worked to come to an agreement on the next coronavirus relief package for months. Post-election, those talks could get shaken up by
Customers dine at Momofuku’s outdoor seating in the East Village as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 26, 2020 in New York City. Alexi Rosenfeld | Getty Images Goldbelly is adding chef David Chang’s Momofuku to its national delivery service as the coronavirus
WILMINGTON, DELAWARE – NOVEMBER 10: U.S. President-elect Joe Biden addresses the media about the … [+] Trump Administration’s lawsuit to overturn the Affordable Care Act on November 10, 2020 at the Queen Theater in Wilmington, Delaware. Mr. Biden also answered questions about the process of the transition and how a Biden Administration would work with
Investment Specialist, Team Denver Homes - RE/MAX Professionals. getty Wherever you are on your real estate investment journey — whether you’re a first-time homebuyer or a seasoned investor — you need to be thoughtful and strategic about how you spend your hard-earned money. You have many different investment routes to choose from, which can sometimes be overwhelming
getty Something odd happened last week. Something dramatic. Something that hasn’t happened in more than a decade and, arguably, not to this degree in nearly twenty years. It’s called “rotation.” It’s not a new thing, and it has certainly occurred in much narrower market segments. But this is the first time in a long time
Beyond Burger launches new meatier burger. Source: Beyond Burger Beyond Meat’s line-up of meat substitutes will soon include two new versions of its Beyond Burger. The new burgers are meant to offer consumers more choice and will launch nationwide early next year. Beyond said that one of the patties is its juiciest yet but has
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