By Diane Eastabrook, Next Avenue Contributor getty In the first week of June, Karen Hirth did something the coronavirus had prevented her from doing for three months: move her 80-year-old Aunt Georgia into a nursing home. It wasn’t a hard decision. Georgia had been declining both physically and mentally for several months. A broken hip
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New York’s real estate market is in wait and see mode getty Here’s the latest news on New York City’s real estate market from brokers with “boots on the ground.” After more than three months in lockdown when New York’s brokers and agents were not allowed to show properties, the market is up and running again—kind
Senator Mitt Romney, a Republican from Utah, listens during a Senate Small Business Committee hearing on coronavirus relief aid and “Implementation of title I of the CARES Act.”, in Washington, U.S., June 10, 2020. Al Drago | Reuters Utah Sen. Mitt Romney criticized the Trump administration’s early response to the coronavirus outbreak on Friday, saying
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to trade, the Silicon
Robert Federico waited more than four months for his unemployment benefits to arrive. In the end, the payout was more than $23,000. But he endured financial hardship in the interim. Robert Federico Robert Federico’s situation was bleak — dire, even, by his telling. In March, the 52-year-old lost his job at a New York design
WASHINGTON, DC – AUGUST 13: U.S. President Donald Trump speaks during a briefing at the White House … [+] August 13, 2020 in Washington, DC. Trump spoke on a range of topics including his announcement earlier in the day of a new peace deal between Israel and the United Arab Emirates. (Photo by Tasos Katopodis/Getty
getty Close study of the Tax Cuts and Jobs Act appeared to give a fantastic break to businesses with less than $25 million in gross receipts. It appeared that they could change accounting methods and write off their inventories. Lucien Gauthier of the Boston Tax Institute promoted the concept, as I explained in Tax Cut
SoftBank Group chairman and CEO Masayoshi Son. (Photo by Tomohiro Ohsumi/Getty Images) Getty Images This spring, SoftBank, the Japanese conglomerate helmed by Masayoshi Son, backtracked on an offer to buy up to $3 billion of WeWork shares, a deal that would have netted the coworking firm’s cofounder Adam Neumann nearly $1 billion. It seemed, at
Negotiations around the next round of coronavirus aid looks likely to drag on, potentially for weeks, after Democrats and Republicans described themselves as hopelessly far apart on a deal. The Senate wrapped up its session on Thursday and will not return this month unless negotiators strike an agreement. The country reported an additional 51,443 new cases of the
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent. “Over the past several years regardless of which industry we’ve been
KLH49 | E+ | Getty Images An emergency can be practically anything. Conventional examples usually include an unexpected car expense or pet bill — not a global pandemic and months of job loss. “The pandemic exposed the widening gap between the financially secure and insecure,” said Dawn Goldbacher, vice president of business development at Prudential.
getty At the end of 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed with dual purpose. The foremost focus of the act was to bolster retirement security throughout the country by providing broader access to retirement accounts. While that aspect of the SECURE Act is modest in magnitude, the second
getty If you have an uncashed tax check at the Internal Revenue Service (IRS), you’re not alone. Scores of taxpayers and tax professionals have been reaching out about uncashed checks. Making matters worse, the IRS has been sending out underpayment or failure-to-pay notices for those payments. First, you should know that this is clearly a
America’s cities and their suburbs have experienced comparable market dynamics when it comes to the … [+] days homes spend on the market, the number of pending sales, the share of abodes selling above their asking price and the overall growth in home values. getty Since the onset of the coronavirus pandemic, numerous headlines have
Rep. Jim Clyburn, D-S.C., Friday on CNBC hinted that there could be illegal activity behind the Trump administration’s backing of a number of pharmaceutical companies’ Covid-19 vaccine developments. “We see some things that indicate that there may be some insider stuff going on that’s benefiting one or two people without regard to what we’re really
Shenerah Nelson is facing eviction during the pandemic. Source: Shenerah Nelson Shenerah Nelson used to pay her rent with the money she made driving for Uber and Lyft, but when the pandemic struck, her rides dried up. The single mother of two scrambled to land another job. The positions she found were low-paying or part-time, but
The fitting rooms at Rent the Runway’s flagship store in New York City. Source: Rent the Runway The coronavirus pandemic has taken a toll on many retailers, pushing dozens into bankruptcy, and it will now prompt the clothing subscription company Rent the Runway to shut all of its stores for good. Rent the Runway told
The Fat Radish Source: Steve Freihon The Fat Radish was supposed to celebrate its 10th anniversary in October. But now, after months of uncertainty about its future, the restaurant known for its farm-to-table British food is shutting its doors forever, joining the scores of New York restaurants that have decided to close permanently. Operating a
President Donald Trump in the Cabinet Room of the White House on Aug. 3. Doug Mills-Pool/Getty Images) President Donald Trump is “ready to send” more coronavirus stimulus money. But it remains unclear if that is enough to move stalled Congressional negotiations forward so that Americans can see more money in their pockets. On Friday, Trump
September 28, 2012 Vice President Biden Campaigns In Florida. VP Biden speaks on the vision of how … [+] to create an economy built to last from the middle out. The Vice President lays out what’s at stake for middle class families in this election. (Photo by Michele Eve Sandberg/Corbis via Getty Images) Corbis via