Fizkes | Istock | Getty Images There’s good news for the millions of people with federal student loans who’ve made payments on that debt during the Covid pandemic: many of them will be eligible to get the money back. The U.S. Department of Education says that many borrowers eligible for President Joe Biden‘s student loan
Month: September 2022
Across human society, bargaining power is determined by which party can most “afford” to leave the relationship. If workers can leave their job at a lower cost, they have more bargaining power than if the costs of quitting or retiring are high. When asking for a raise a person or union must consider basic economics:
Robert Goulder and professors William VanDenburgh and Philip Harmelink discuss the challenges brought on by the chronic underfunding of the IRS and the spending possibilities for the recent $80 billion of additional funding in the Inflation Reduction Act. This transcript has been edited for length and clarity. Robert Goulder: Hello, and welcome to the latest
The NBA suspended Phoenix Suns and Mercury owner Robert Sarver for one year and fined him $10 million Tuesday after an independent investigation revealed multiple violations of workplace conduct standards. The investigation found that Sarver repeated the N-word on at least five occasions. He also made sex-related comments and inappropriate appearance-related comments to and about
In this article RENT CVNA Onur Dogman | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Meta – Shares of Meta slid 9.37% as the overall market fell Tuesday. The company’s bet on Reels is facing hurdles — Instagram users are spending less than one-tenth of the 197.8 million
Quitting your job to start a small business could be one of the biggest — and scariest — decisions you ever make. But if you’re Jim Koch, the founder and chairman of Boston Beer Company, it could be as simple as choosing to be happy. When Koch launched the Samuel Adams beer brand in 1984,
In this article CTRN In today’s job market, tuition assistance has become one of the more popular incentives companies are using to attract and keep workers. Now, some employers are going a step further, with free college programs to provide even greater financial support. Most recently, Citi announced it is offering fully funded degrees from
Kathy enrolled in Medicare at age 65 and signed up for a Medigap Plan G (Medicare supplement insurance) and a Part D prescription drug plan. Three months later, she was diagnosed with cancer and fears she may need chemotherapy. Kathy told me that, when checking the plan details page on the Medicare Plan Finder, she
Robert Kerr of Kerr Consulting LLC discusses how the $80 billion of additional funding for the IRS in the Inflation Reduction Act could be best used by the agency. 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
In this article 7203.T-JP 2020 Toyota Prius Toyota Roughly two decades ago, Toyota Motor became the preferred carmaker of U.S. environmentalists and eco-conscious consumers with its Prius hybrid, an “electrified” vehicle that was among the cleanest and most fuel-efficient vehicles ever produced. Amid rising gas prices, demand for the vehicle grew and inspired other automakers
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating, so the Federal Reserve won’t pivot. related investing news Don’t get caught up selling in Tuesday’s inflation report overreaction — here’s why Zev Fima 7 hours
In her ongoing crusade to give away at least half of her wealth, billionaire MacKenzie Scott is now gifting mansions to charity. Scott recently donated two of her homes — both in Beverly Hills, California — to the California Community Foundation (CCF), which provides grants to mission-based nonprofits in Los Angeles. The organization intends to
Peopleimages | Istock | Getty Images As open enrollment season gets underway, you may find yourself having to decide whether a health savings account should be part of your 2023 medical coverage. These tax-advantaged accounts let users save for medical expenses. Many companies will soon — or already have started to — hold their annual
Many families will face the reality that at some point an aging loved one must go to a nursing home, also called “rehab”. These homes provide things assisted living homes are not licensed to give; namely skilled care. For example, an aging parent has surgery and needs therapy during the recovery period. They are sent
Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats and even many Republicans. But how these benefits are delivered to businesses, through direct subsidies or tax policy, matters a lot. This new-found enthusiasm for industrial policy—the idea that government
The effects of climate change are becoming ever more real: a study finds that an ‘extreme heat belt’ will impact over 100 million Americans in the next 30 years. The area, stretching from Texas to the Great Lakes, will experience temperatures above 125 degrees (52 degrees Celsius) during the hottest stretches of the year, according
In this article SBUX Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Outgoing Starbucks CEO Howard Schultz told investors on Tuesday that the coffee giant is projecting double-digit growth for revenue and earnings per share as
In this article 7974.T-JP OTLY RENT Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% its corporate workforce. Additionally, Rent the Runway said it’s cutting $25 million to $27 million in fixed costs to deal with an uncertain
Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investors, market experts and investment strategists said Monday at the Future Proof wealth conference. Those high-levels trends are inflation, the Federal Reserve’s interest-rate policy,
Sollina Images | Tetra Images | Getty Images Despite falling gas prices, inflation was higher than expected in August, curbing optimism for lower day-to-day expenses. But some retirees won’t feel the sting of elevated costs, experts say. Annual inflation rose by 8.3% in August, fueled by growing costs for food, shelter and medical care services,
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