When it comes to a home with a celebrity pedigree worth boasting about, it’s hard to beat a box-office giant with an Oscar in hand. But this place also has a musician of note in its recent ownership history. Red Oak Manor is part of actor Leonardo DiCaprio’s real estate portfolio. He bought the Los
Month: August 2021
Traffic moves bumper to bumper along I-10 West as residents evacuate towards Texas before the arrival of Hurricane Ida in Vinton, Louisiana. Adrees Latif | REUTERS Hurricane Ida made landfall in Louisiana on Sunday as a Category 4 storm with winds of 150 miles per hour, one of the strongest storms to hit the region since
Today’s column addresses questions about the effect of no longer earning income on Social Security benefits, spousal benefit eligibility when a spouse’s disability benefit converts to a standard retirement benefit and the potential availability of divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Bangkok ranked No. 1 on a new list of top global “workation” destinations from Holidu.co.uk. Getty Images As telecommuting has proven necessary, practical and long-lasting for many amid the pandemic, a common thought’s been occurring to employees worldwide — why work from home when you could work by a beach, or at a Parisian café?
The Biden administration’s latest eviction moratorium was upended in a move Thursday night by the Supreme Court. In a six-to-three ruling, the eight-page majority opinions stated the Centers for Disease Control and Prevention had overstepped its bounds by implementing a national eviction moratorium. The CDC order, which was issued on August 3, was set to expire on
In this article 22UA-DE PFE MRNA The decision to pivot an entire business to focus on the coronavirus is an obvious one in hindsight, at least for Moderna, BioNTech and Pfizer, which succeeded beyond anyone’s expectations — and will reap billions of dollars in sales of their vaccines this year alone. It wasn’t such a
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s virtual Jackson Hole symposium. Markets do not expect Powell to break any major
In this article MSFT TGT AMAT WOOF NVDA A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters As the year progresses, the vast majority of companies have already posted their latest quarterly results. The economic recovery ramped up throughout the
Personal finance is an exercise in mistake management more than the pursuit of perfection. Indeed, the best financial plans are those written in pencil, where numerous erasures are visible. They are novels that remain forever in draft form, in which the author continues to build on the narrative, charting out a series of compelling contingencies
Canada and Mexico residents accounted for the largest segment of international investors in U.S. residential real estate over the last year, while overall foreign investment in properties dropped to its lowest volume in roughly a decade, according to a recent study from the National Association of REALTORS® (NAR). The 2021 International Transactions in U.S. Residential Real
Oil firms on Saturday cut nearly 91% of U.S. Gulf of Mexico crude oil production, roughly 1.65 million barrels, as Hurricane Ida makes its way toward major U.S. offshore oilfields, according to the Bureau of Safety and Environmental Enforcement. The regulator also estimated that roughly 84.87% of natural gas production in the Gulf of Mexico has
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. “I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,” the chief
By now, if you’ve been paying attention, you know the many reasons that explain the sudden surge in inflation. What you don’t know—what nobody knows—is whether this surge will sustain itself for the long term or whether it will evaporate just as quickly as it came about. Maybe you don’t need to know that answer.
Hurricane Ida is is expected to be a major landfalling hurricane on Sunday evening with a projected Category 4 status. Devastating winds and storm surge threaten nearly 1 million homes. The central Louisiana coast is at risk of bearing the brunt of Hurricane Ida’s extreme storm surge potential, with an estimated 941,392 homes in the Louisiana,
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images A jury found Walmart broke the law when it fired a longtime employee with Down syndrome.
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help from the Fed. But Kaplan also said he’s concerned about inflation and “excess risk taking”
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images In a bombshell revelation just days before her criminal fraud trial, defense attorneys for Elizabeth
Once again demonstrating the Ohio Retirement Study Council’s apparent inability to provide intended legislative oversight of the five state pension systems in Ohio, the Council recently—following years of growing public outcry—finally commissioned a long-overdue fiduciary performance audit of the State Teachers Retirement System of Ohio. The last fiduciary audit of the pension in 2006, took
A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings
A case could be made that no prior moment in the long history of offices has been quite so uncertain as this one. No pundit can claim to know for sure how soon and how fully employees will return to their office workplaces. What’s more, there’s no certainty that when they do come back the
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