Month: July 2020

As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
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Getty In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled, and the CARES Act became law.  In May of 2020, the House introduced a new COVID-19 economic relief proposal. The bill, known as
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U.S. President Donald Trump speaks during a news conference about his administration’s response to the ongoing coronavirus pandemic at the White House on July 23, 2020 in Washington, DC. Drew Angerer | Getty Images President Donald Trump announced on Monday announced that the U.S. government has awarded Fujifilm a $265 million contract to expand the
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CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture.  “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
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Hispanolistic | E+ | Getty Images Months of economic uncertainty have driven people to turn toward a normally forbidden pot of cash: their retirement savings. The CARES Act, which President Donald Trump signed into law this spring, allows individuals affected by the pandemic to take emergency withdrawals of up to $100,000 from their retirement plans.
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Kevin O’Leary told CNBC on Monday that the long-term economic consequences of the coronavirus pandemic are coming into focus for companies in his personal investment portfolio.  “I’ve got enough focus now after all these months, 20% of my small private portfolio is going to fail,” O’Leary said on “Halftime Report.” ”They’re going to zero. They are in
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Volunteer tutoring students in classroom getty In an earlier post, we explored how the practice we call “retirement” is transforming under the influence of the Baby Boomers. Now let’s look ahead to what we anticipate happens next. In the first chapter of James Michener’s captivating 1959 book Hawaii, he talks about how for millions of
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Amerikanische Flagge vor einer Mauer und Flaggen anderer Länder getty Tax Notes contributing editor Robert Goulder talks with Steven A. Dean, faculty director of New York University School of Law’s graduate tax program, about the intersection of racial diversity and U.S. international tax policy.  Robert Goulder: Professor, thank you for joining us. Steven Dean: Thank you for having
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An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour shares tumbled Monday after the company disclosed it received notice of a possible enforcement action from the Securities and Exchange Commission related to the accounting treatment of sales it booked between the third quarter of
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When federal “regulators” go boldly where no regulator has ever gone before–to promote retirement … [+] gambling, WATCH OUT! getty Private equity—speculative investments in the stocks of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary recently gratuitously advised. Trump’s SEC Chairman Jay Clayton
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TOPLINE White House economic advisor Larry Kudlow and Treasury Secretary Steve Mnuchin laid out their expectations for the next stimulus bill during Sunday television appearances, as the race for Congress to pass the latest rescue package heats up amid the ongoing economic fallout from the coronavirus pandemic. President Trump with National Economic Council Director Larry
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