Imagine that your aging mother had to go to the hospital and is now going to be discharged. The discharge coordinator tells you that your aging parent must get rehab and go to a facility to receive it, as the hospital won’t provide that now. She needs physical and occupational therapy, you’re told. The discharge
Month: February 2022
The filing season recently began, and with it the public pleas intensified for the IRS to change, at least temporarily, its notice, collection, and penalty procedures. The agency recently conceded a bit by halting some automatic notices, but what it might do about penalties is still an open question. Balancing the burdens shifted to taxpayers because
Home buying competition is showing no signs of slowing down so far in 2022, based on the latest Realtor.com Weekly Housing Trends Report. As homes continued to sell more quickly than last year, asking prices accelerated at a double-digit pace and inventory remained limited. After a period of steady 8.5 to 9% growth in the fall,
A pump jack at oil well and fracking site situated in cotton field in Shafter. Kern County Education Images | Universal Images Group | Getty Images U.S. oil crossed above $90 on Thursday for the first time since 2014 as demand for petroleum products surges while supply remains constrained. West Texas Intermediate crude futures, the
In this article SPOT Shares of Spotify plunged 13% in after-hours trading Wednesday after the streamer reported fourth-quarter earnings. The numbers mostly beat expectations, but projections for user growth in Q1 were barely in line with analysts’ projections. There was also a broader selloff in tech shares after the bell, after Facebook (Meta) reported disappointing
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Senate Republicans on Thursday peppered the nominee to be
In this article VRM Vroom Online used-car retailer Vroom will advertise during the Super Bowl for a second consecutive year, with the help of pop singer and dance choreographer Mandy Moore. The 30-second spot called “Flake” continues Vroom’s theme from last year about “flipping” car buying and selling on its head — but in an
In this article C Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Frustration has
Jeffrey Coolidge | Photodisc | Getty Images Tax season has kicked off, and the IRS has already warned filing mistakes may cause delays amid staffing shortages and a massive backlog. While electronic filing offers the best chance for faster refunds, other moves may invite IRS scrutiny, according to tax experts. The IRS closed 452,515 individual audits
damircudic | E+ | Getty Images The Covid-19 pandemic has led to a decline in U.S pregnancies and prompted a number of women to opt out of the workforce. Now, a bipartisan proposal in Congress aims to alleviate the hurdles pregnant women face so that they can stay in their jobs. On Wednesday, Sens. Bob
With nursing homes and other long-term care facilities desperately short of nurses and aides, it is more important than ever for consumers to know about staffing levels, quality, and turnover. But it has been difficult to get some key information. Now, the government has taken a modest step to help. In January, the Centers for
Today’s Social Security column addresses questions about taking spousal benefits early before delayed retirement benefits, whether conversion to childhood disability benefits is automatic and switching to spousal benefits after taking early retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more
Falling interest rates and the pandemic are the top two reasons for house prices skyrocketing over the last year and a half but there’s another reason no one talks about. Today’s technology simply makes it easier for house prices to increase when buyer demand increases. An economist would say single-family houses now have a higher
A man with her protective face mask walks in Vellaces neighborhood after new restrictions came into force as Spain sees record daily coronavirus (Covid-19) cases, in Madrid, Spain on September 21, 2020. (Photo by Burak Anadolu Agency | Anadolu Agency | Getty Images One of the great mysteries that has emerged from the Covid-19 pandemic
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit, beating analyst expectations on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021. Stefani Reynolds | Bloomberg | Getty Images FTX, the cryptocurrency exchange owned by billionaire Sam Bankman-Fried, is buying Japanese rival Liquid for an undisclosed sum. The company said
designer491 | iStock | Getty Images By the looks of it, state-run retirement programs for private-sector employees are generally working as intended. Those with no access to a 401(k) plan or similar workplace option have collectively saved more than $400 million in individual retirement accounts through such programs. To date, there are three states that
The economy grew by 5.7% in 2021 from 2020. This was the highest annual growth rate since 1984. Much of this impressive growth was due to the American Rescue Plan Act (ARPA) enacted in March 2021. But, the data also show that Congress needs to enact progressive supply side policies to maintain this momentum. These
This picture-perfect cottage set in a clearing of tall Douglas firs and apple orchards didn’t happen by chance. It’s the fruition of an artist’s vision to create a European farmhouse on 2.5 acres in the Stafford area of West Linn, Oregon. Set off a narrow lane, the 2,613-square-foot custom-built dwelling has the vibe of a
In this article AMC An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, June 2, 2021. Carlo Allegri | Reuters AMC Entertainment struck a deal to refinance its debt, nearly doubling the size of the bond offering it made early Wednesday. AMC received investor commitments for