Cost This spring, Darity and his wife, Kirsten Mullen, made the most comprehensive case for a reparations program in their latest book “From Here to Equality: Reparations for Black Americans in the Twenty-First Century.” They argue a meaningful program to eliminate the existing Black-White wealth gap requires an allocation of between $10 trillion and $12 trillion,
Month: August 2020
Spacex founder Elon Musk celebrates after the successful launch of the SpaceX Falcon 9 rocket with the Crew Dragon spacecraft at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric carmaker jumped more
From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was searing. I was being burned
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
RichLegg | E+ | Getty Images Racial and economic inequities have long existed in America’s school systems, and it’s about to get worse, experts warn. With coronavirus cases still high around the country, half of U.S. elementary and high school students will attend school only virtually this fall, according to a study by Burbio, which
Among the bliss that is your 20-year vacation, there is a list of risks that retired individuals … [+] face more now than when they were working. getty The day you retire, a weight on your shoulders seems to remove itself as you no longer need to work to survive. The years of punching a
Millions of employees could be in for a rude surprise next April when they find out their home office isn’t deductible and the states can’t agree on who gets their money. Time to put a tax pro on speed dial? It’s very likely that you’re reading this from your home—even if you’re working. As the
With Congress unable to reach a compromise on a new round of support for Americans impacted by the pandemic and recession, President Trump signed memoranda last weekend that partially restore enhanced unemployment benefits, defer payroll taxes for most Americans, and extend a moratorium on federal student loan payments. The constitutionality of these measures is now
An advertising board displaying official coronavirus test-and-trace advice from the U.K. government. Mike Kemp | In PIctures via Getty Images The U.K. economy contracted by 20.4% in the second quarter of 2020 as coronavirus-induced lockdowns hammered activity, according to preliminary figures released Wednesday. GDP (gross domestic product) expanded by 8.7% in June, having shown a
U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Wednesday after the S&P 500 closed lower for the first time in eight days. Dow futures rose 70 points. The S&P 500 and Nasdaq-100 futures gained 0.27% and 0.5%, respectively. After the bell on Tuesday, President Donald Trump said
New Hampshire’s governor said New Yorkers are pouring into the state due to high taxes and fear for their safety amid the Covid-19 crisis. “We’re booming,” New Hampshire Gov. Chris Sununu told CNBC. “People are coming from all across the country, especially in the Northeast. You’re in New York, you have a mayor who doesn’t
Alaina Lattin and her family Alaina Lattin was served an eviction notice last month at her home in Conroe, Texas. “It was a very loud banging,” Lattin, 32, said. “They just kept screaming, ‘Leasing office! Leasing office!'” Now, the single mother is worried that she and her four children will become homeless. Lattin is one
US President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey, on August 8, 2020. JIM WATSON | AFP | Getty Images Self-employed people shouldn’t count on the payroll tax break President Donald Trump has issued via an executive order — at least not yet, tax experts
Economic Security Planning, Inc. Today’s column addresses questions about withdrawing an application after revising filing plans, potential effects of the Windfall Elimination Provision (WEP) and the Government Pensions Offset (GPO) and divergent SSA benefit estimates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
Donald Trump’s book ‘The Art Of The Deal’, on sale in a gadget and souvenir shop in Los Angeles, … [+] USA, January 2017. Trump merchandise is heavily in demand in the days ahead of his inauguration as 45th President of the United States. (Photo by Wojtek Laski/Getty Images) Getty Images Jerry Curnutt has a
Inquiries to contractors for deck, patio and porch improvements nearly tripled this Spring over … [+] 2019. Photo Courtesy of Deckorators; deckorators.com // Wellness by Design (Tiller Press), (c) J. Gold It may seem counterintuitive that interest and activity in home projects is soaring when millions of Americans have lost their jobs, are waiting in
Federal Realty Investment Trust CEO Don Wood in an appearance on CNBC Tuesday explained the shopping mall operator’s decision to increase its dividend as the retail industry continues to grapple with the effects of the coronavirus pandemic. Federal Realty, which boasts a shopping center portfolio that ranks among the best in the country, announced that
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a year ago as they beefed up reserves in anticipation of the challenges ahead. The trio —
Former Theranos founder and CEO Elizabeth Holmes (L) leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019 in San Jose, California. Justin Sullivan | Getty Images Eight months and nine days from now Elizabeth Holmes will face charges that she defrauded investors of her blood-testing company Theranos. That was the decision on
President Donald Trump speaks at an Aug. 10 White House news conference. Alex Wong | Getty Images News | Getty Images An extra $400 Trump’s executive order was one of four measures signed on Saturday to address jobless benefits, evictions, student loans and payroll taxes. Top Democratic lawmakers and White House officials have struggled to
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