Month: August 2020

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,
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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
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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
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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
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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
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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
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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
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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
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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,
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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
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