Month: March 2020

A very important piece of resulting legislation, the Glass-Steagall Act, established the FDIC as one of many comprehensive safeguards against the financial calamities of the time. Many of these safeguards have come to rescue the economy, or at least mitigate damage, during times of financial crisis. The FDIC insures bank deposits owned by corporations, partnerships,
0 Comments
It’s a simple fact that clothes wear out and styles change. This means that it’s inevitable that everyone needs to repair or replace clothing once in a while, even those who absolutely despise shopping for new clothes. For frugal shoppers, this means buying clothes when you can get the very best prices, which can often
0 Comments
China’s food delivery leader Meituan Dianping warned that its first-quarter revenue would shrink as a result of the coronavirus pandemic, which has halted the operations of restaurants, hotels and local businesses that rely on its “everything app” for deliveries and bookings. On Monday the company reported that it had turned an annual profit for the
0 Comments
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight coronavirus. “[It is] a very, very simple and robust design that we can get out to
0 Comments
The financial media have coined a few pejorative phrases to describe the pitfalls of borrowing money from a 401(k) plan. Some—including financial planning professionals—would even have you believe that taking a loan from a 401(k) plan is an act of robbery committed against your retirement. But a 401(k) loan can be appropriate in some situations.
0 Comments
For the past week I have been listening exclusively to feel-good stories, thekind that lift you out of your surroundings, put a smile on your face and lead you to urge family, friends and strangers on the internet to listen to them too. This is no time for podcasts about trauma or infectious diseases (though
0 Comments
Municipal benchmark yields were five to 10 basis points lower Friday, extending the market’s recent rally through the end of the week. The municipal market has weathered an unprecedented, volatile month during which the market swung from record-low yields to a 200-basis-point selloff before erasing much of the losses as the impact of the coronavirus
0 Comments
Anyone who visits Manhattan will recognize the bright signs and billboards that are a hallmark of Times Square. If you’ve never been there, this landmark piece of New York real estate is often seen in television or film, so you’ll understand what the fuss is about. Times Square billboard advertising today enjoys plenty of ad dollars thanks to digital
0 Comments
The national debt level has been a significant subject of U.S. domestic policy controversy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the debt
0 Comments
Puerto Rico bankruptcy Judge Laura Taylor Swain on Friday ordered the postponement of deadlines in the central government bankruptcy. The Puerto Rico Oversight Board, citing the impact of the COVID-19 virus on the island and involved lawyers, asked for the postponement on Sunday. Puerto Rico bankruptcy Judge Laura Taylor Swain has delayed some parts of
0 Comments