The answer is that the loss from absence of complementarity is not generally recognized, the population segment that is victimized is not identified, and the regulatory structure responsible for the separation of functions is oblivious to the harm separation of functions has caused. The bottom line is what HUD, the regulator responsible, ought to do
Month: February 2022
Over the next twenty-five years, Americans are expected to inherit an astonishing $72.6 trillion. Yes, that is TRILLION with a T. Many of these inheritances will be delivered to beneficiaries of IRAs, 401(k) or other retirement accounts. How you handle your inherited IRA can greatly increase or decrease the taxes due and, ultimately, the value of
Dig into the property records of a sprawling older house in a wealthy Boston suburb and one will occasionally come up with the name of a notable former owner. Although this brick Tudor in Wellesley, Massachusetts, dates to the late 1930s, its brush with fame takes place two decades later when sportscaster Curt Gowdy purchased it. A
In this article GS The pump of a hydrogen refueling point at a gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a
In this article BIRD A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds shares tumbled in after-hours trading Wednesday as the sneaker retailer revealed mounting costs in the fourth quarter that weighed on profits and overshadowed double-digit
U.S. stock futures declined Wednesday evening amid escalating tensions between Russia and Ukraine. Dow futures fell 518 points or 1.57%, while futures tied to the S&P 500 were down 0.91%. Nasdaq 100 futures declined 1.25%. In the regular trading session, the Dow dropped about 464 points, or 1.3%. The S&P 500 fell 1.8%, moving deeper
Tom Werner | DigitalVision | Getty Images This tax season, which runs through April 18, is shaping up to be yet another complicated one for filers. Phone call volumes to the IRS are at record levels, the agency has a backlog of millions of claims from previous years and some pandemic-era changes still apply to
Mandy, age 55 is an only child who lives two hours away from her parents. They are in a rural area, a small town with few resources for seniors. Her Mom has recently been diagnosed with Alzheimer’s disease. Her father, who has been depressed much of his life, is having trouble coping with his wife’s
Social Security is once again sending out clearly false benefit statements. If the code generating the statements is generating actual benefit payments, millions of Americans may be receiving too little or too much in Social Security benefit payments. If you are receiving too much, you can expect to be billed for all past overpayments years
Vexin Français Regional Nature Park is an unspoiled expanse of woods, meadows, villages and rivers crisscrossed with walking trails. Set between Paris and Normandy, its natural beauty was the inspiration for Impressionists such as Vincent Van Gogh, Paul Cézanne and Charles-François Daubigny, among others. This 15th-century chateau sits at the edge of the parkland, which measures 71,000 hectares
On February 16, 2022, patients lie in hospital beds waiting for medical treatment in a temporary holding area outside Caritas Medical Center in Hong Kong. Leung Man Hei | Nurphoto | Getty Images A spike in cases is testing Hong Kong’s zero-Covid approach to the coronavirus. Authorities blame the omicron variant and its “extreme transmission
In this article EBAY Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of Wall Street’s expectations. Here’s how the company did versus Refinitiv consensus expectations for the quarter: EPS: $1.05 per share ex-items,
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is expected to start raising interest rates next month and not slow down until well
Under new proposals, the U.K. government could deny students college loans if they fail high school exams. Getty Images U.K. high school students who fail math and English exams could be barred from taking out college loans under proposals expected to be announced by the British government on Thursday. The U.K. government is expected to
MoMo Productions Today’s workers are often tasked with juggling multiple financial goals. Between saving for retirement, paying off student debt and planning for your own children’s education, it can be difficult to know whether you are on track. Betterment is taking steps to try to make it easier for employers to help workers manage those
Sean Gladwell | Moment | Getty Images Escalating tensions between Russia and Ukraine sent stock markets lower once again on Wednesday. Many individual investors are feeling the recent market declines triggered by geopolitical risks personally, particularly when it comes to their retirement account balances. Financial advisors say this could actually be an opportunity to put
Families have long sought to move toward better neighborhoods and schools to put their kids on the pathway toward success. A study from the Census Bureau is providing fresh insight on where to look. It revealed significant racial disparities between demographic groups. For example, white families have strong rates of upward mobility in high-income neighborhoods.
Since we’re in the midst of tax-return filing season and people keep asking, this is a good time to review one of my more popular posts. In it I answer two vital questions. How long should you keep tax returns you filed? How long should you keep the records backing up the tax returns? Most
Pascal Saint-Amans discusses his decadelong tenure as the director of the OECD Centre for Tax Policy and Administration and what’s to come in the future. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: a busy decade.
Positioned at the apex of the Platinum Triangle, Bel-Air is among one of the coveted residential communities in the city of Los Angeles, with luxury home prices often setting the bar for not only California but the entire United States. Projects tied to some of the biggest names in development and design now start in
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