Dear Dave, Why do you seem to put so much emphasis on teaching young children about money? Isn’t there time for that later when they’re older? Cyndi Dear Cyndi, I firmly believe that one of the best ways you can make sure your kids are ready to face adulthood when the time comes is…
Struggling With Retirement Savings? Uncle Sam May Give You Extra Credit
Dear Carrie: I work for a small nonprofit. I love my job but don’t make a lot of money, so saving for retirement is hard. The company offers a retirement plan that I contribute to, but there’s no match. How can I save more?—A Reader Dear Readers: This is a great question—and a great time…
Social Security—It’s Not Rocket Science
I am constantly hearing from readers who comment on the perceived complexities of Social Security laws. They liken the program to something just shy of rocket science or brain surgery. And they marvel that I can keep up with “all the changing and complex rules and regulations.” Well, I am no rocket scientist. Nor am…
US Extends $14 Billion Lifeline to Airlines in 3rd Government Aid Package
WASHINGTON—U.S. lawmakers on Wednesday gave final approval to a new $14 billion payroll assistance package to U.S. airlines as part of a COVID-19 relief bill, the third round of government support to the struggling sector since March 2019. With the latest six-month extension that will keep thousands of workers on payrolls through Sept. 30, Congress…
Lawmakers Say Ocean Carriers are Undermining US Export Trade, Cry Foul on China
March 11, 2021
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More than 100 members of Congress are calling on federal maritime authorities to probe what they say are ocean carrier actions that undermine American exports by refusing to pick up U.S. goods, instead returning empty after dropping off imports. In a letter (pdf) to Michael A. Khouri, chair of the Federal Maritime Commission (FMC), the…
US Economy to Grow Twice as Fast as Earlier Predicted: OECD
America’s economy will grow twice as fast compared to earlier forecasts, a new report predicts, resting its optimistic outlook on the huge dose of fiscal stimulus and accelerating vaccine rollout. “The significant fiscal stimulus in the United States, along with faster vaccination, could boost U.S. GDP growth by over three percentage points this year, with…
US Economy Set to Grow Twice as Fast as Earlier Predicted: OECD
The United States’ economy is expected to grow twice as fast as earlier forecasts predicted, according to a new report, which rests its optimistic outlook on the huge dose of fiscal stimulus and accelerating vaccine rollout. “The significant fiscal stimulus in the United States, along with faster vaccination, could boost U.S. GDP growth by over…
Apollo Global to Buy Insurance Affiliate Athene for $11 Billion
Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turn it into one of the world’s largest corporate credit investors. Apollo has been getting paid lucrative fees by Athene, in which it controls a 35 percent stake,…
New Owner Buzzfeed Lays Off 45 From HuffPost Newsroom
NEW YORK—Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. HuffPost Executive Editor Hillary Frey, the website’s executive editor, and Executive Editor Louise Roug also resigned over the layoffs, Buzzfeed said. The dismissals come just three weeks after Buzzfeed acquired HuffPost, the media outlet founded in…
New South Wales Establishes New Agency to Attract Business Investment
NSW looks set to beat other states in its COVID recovery plan by “aggressively” targeting local and international business investments through a new agency announced on March 9. The new agency—Investment NSW—aims to drive billions of dollars into the state by focussing on jobs, skills, and investment by directing businesses towards areas where they can…
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