Summary List Placement Brian Deese, director of the National Economic Council, said in a White House briefing on Monday that proposed increases to capital gains taxes will only affect taxpayers making over $1 million every year. “This change will affect taxpayers making more than $1 million a year,” Deese said. “In 2018, three-tenths of 1% […]
Summary List Placement As calls increase for President Joe Biden to cancel $50,000 in student debt per person, lawmakers are also keeping an eye on student loan servicers, which process loan payments and collections. The problem is they’ve been accused of failing to provide borrowers with all the necessary information. The big player in student […]
Cloudstar, a technology company serving title and mortgage origination companies, has shaken up its current executive team with the recent promotion of Christopher Cury to president. It’s the third major personnel move by Cloudstar this year, which named Nancy Allen as director of title services back in January and Roland DuBeau as president of MortgagePhish, […]
Summary List Placement Sen. Josh Hawley introduced a plan for a “Parent Tax Credit” on Monday aimed at offsetting the high cost of raising a child. It reflects a push among some conservatives to increase federal spending on families. The proposal would establish a new, fully refundable tax credit of $6,000 for singles and $12,000 […]
Zimbabwean sculptor David Ngwerume is gaining attention for works inspired by the coronavirus pandemic. One of his collections urges people to get vaccinated. Another reminds people to take health measures, as he hammers home a message to curb the spread of the virus. Ngwerume’s latest piece is “Michael Jackson,” named after the late U.S. pop […]
New York Community Bank, one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. in an all-stock merger valued at $2.6 billion, the companies said Monday. The announcement comes just a few months after Thomas Cangemi took over as CEO at […]
Summary List Placement A White House official has defended plans to propose a sharp rise in the top capital gains tax rate to 39.6%, saying the changes would only hit the richest 0.3% of Americans, according to a report. A senior official in President Joe Biden’s White House told the Financial Times the wealthiest Americans had […]
While some mosques have opened to prayer during this second Ramadan during the COVID-19 pandemic, religious studies continue online. And in at least one mosque near Washington, D.C., a local teen is trying to keep the lessons entertaining and engaging, as VOA’s Dhania Iman reports. Camera: Dhania Iman Produced by: Bronwyn Benito details ⇒ BusinessMediaguide.Com […]
Summary List Placement For the first time since 2005, previously owned homes are fetching higher sale prices than newly built houses. The housing market remains red hot even as soaring prices and supply shortages cut into homebuying activity. Low borrowing costs sparked a buying spree earlier in the pandemic and demand has remained historically strong […]
Burkina Faso has a growing comedy scene that despite the international popularity of French-Burkinabé comedian Roukiata Ouedraogo is still dominated locally by men. But a fresh initiative hopes to change that, as Clair MacDougall reports from Ouagadougou. Camera: Clair MacDougall details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
This afternoon, Secretary Cardona held a virtual roundtable with U.S. Sens. Joe Manchin (WV) and Patty Murray (WA) where they spoke with students who have experienced homelessness. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
With diversity at center stage, minority Oscar nominees took home many coveted golden statuettes, but the three major awards for best actor, best actress and best cinematography went to white nominees. VOA’s Penelope Poulou has more. Camera: Penelope Poulou Producer: Penelope Poulou details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Chloé Zhao has made history at the Academy Awards. Zhao won the Oscar for best director for Nomadland, becoming just the second woman and the first woman of color to win the award. “My entire Nomadland company, what a crazy, once-in-a-lifetime journey we’ve all been on together,” Zhao said. Kathryn Bigelow was the first woman […]
Chinese filmmaker Chloe Zhao became only the second woman, and the first woman of color, to win the Academy Award for best director as her film Nomadland also captured the award for best picture at Sunday’s Oscars. The film follows a woman who leaves her small town to wander the American West, meeting along the […]
The red carpet is back. After the coronavirus pandemic forced awards shows to be canceled or go virtual over the past year, movie stars and Hollywood A-listers returned Sunday, strutting their stuff, live and in person, on perhaps the most iconic red carpet of all: at the Oscars. It was a smaller-than-usual affair with fewer […]
Summary List Placement Uber and Lyft have some good news ahead: Riders in the United States are expected to flock back to the ride-hailing apps soon as COVID-19 cases wane due to increased vaccinations. The bad news is there doesn’t seem to be enough drivers yet to pick them up. In recent weeks, the app […]
Summary List Placement America is currently in the midst of a millennial vs. boomer showdown — and a “gray champion” is arriving to usher in the “Next New Deal.” So says an eerie generational theory known as the Fourth Turning, which was coined in 1997 by Neil Howe and William Strauss in an eponymous book. […]
Summary List Placement The co-founder of Wolf’s Ridge Brewing in Columbus, Ohio, is tired. More than a year ago, Bob Szuter laid off most of his 80-person staff, leaving just 15 core workers to continue operating the restaurant and brewery. He wasn’t sure if his business would survive, and he had two young girls at […]
Summary List Placement The coronavirus pandemic has caused a major drop in student enrollment in public schools, new data from the California Department of Education show. The number of students enrolled in California’s public schools plummeted to 6,002,523 students in the 2020-2021 school year from 6,163,001 in the 2019-2020 school year. That’s a decrease of […]
A piece of copper that was struck by the U.S. Mint in Philadelphia in 1794 and was a prototype for the fledgling nation’s money was auctioned off for $840,000, considerably more than expected, an official said. Heritage auctions spokesman Eric Bradley said the “No Stars Flowing Hair Dollar” opened at $312,000 when it was put […]
Summary List Placement At the end of his time in office, Barack Obama famously compared the presidency to an ocean liner. “Sometimes the task of government is to make incremental improvements or try to steer the ocean liner two degrees north or south so that, ten years from now, suddenly we’re in a very different […]
Summary List Placement Senate Republicans are expressing renewed alarm over the nation’s rising federal debt, as President Joe Biden is about to cross the 100-day mark of his administration. GOP senators huddled together on Wednesday and adopted numerous symbolic resolutions meant to govern their party in the upper chamber. They moved closer this week to […]
Summary List Placement They call economics the dismal science, and Diane Swonk normally exemplifies her profession’s penchant for gloominess. “People say, ‘You’re always talking about the downside,’” Swonk, the chief economist at the tax firm Grant Thornton, told me one recent afternoon. “Well, it’s my job to hedge the downside.” But as the economy emerges […]
Summary List Placement Rep. Alexandria Ocasio-Cortez on Friday said President Joe Biden’s first 100 days in office have exceeded the expectations of progressive lawmakers. She particularly lauded the “vision” of Biden’s proposed $1.9 trillion infrastructure package, the American Rescue Plan, although she said it was too small. “However, my concern is that the actual plan, […]
Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, […]
Texas Capital Bank is selling its entire $14 billion book of mortgage servicing rights to PHH Mortgage, a subsidiary of Ocwen Financial Corp, for a “modest profit.” The Dallas-based bank, one of the country’s largest correspondent lenders, also announced that the deal would represent an exit from the correspondent lending sector. According to a news […]
Summary List Placement A group of Democratic lawmakers is calling on President Joe Biden to incorporate wider-reaching and permanent unemployment measures in the next economic package he’s set to unveil next week. In a letter sent on Friday, the lawmakers called on Biden to increase both the amount of unemployment benefits and their duration as […]
Summary List Placement A McDonald’s paying people to interview for jobs. Uber drivers holding off on rides in hopes of higher pay. Millions of payrolls possibly vanishing altogether. The US economy is still down roughly 8.4 million jobs since the pandemic first fueled massive layoffs. That suggests hiring would quickly bounce back as the country […]
Summary List Placement The pandemic changed the American social safety net in dramatic but temporary ways. On top of expanded unemployment insurance, Americans have received three stimulus checks, an amount of aid that comes to nearly $850 billion so far. But what if it was permanent? Some Democrats and economists want this to be the new […]
Summary List Placement President Joe Biden is preparing to unveil a new set of tax hikes on the richest Americans to fund a collection of new education and childcare programs. The New York Times and Bloomberg reported on Thursday these tax increases will be central to financing Biden’s latest infrastructure plan, in line with the […]
Summary List Placement Whether you’re interested in or , offers over 130,000 paid online courses taught by industry leaders. One of its bestselling ones, for instance, and has had over 1.2 million students. Paid courses offer features like unlimited access, certificates of completion, and the ability to message the instructor. But if you’re details […]
Summary List Placement The US economy’s March rebound may have only been a warm-up. Two popular gauges of business activity swung even higher in preliminary April readings, according to analytics firm IHS Markit. The services activity index leaped to 63.1 from 60.4, indicating the fastest level of expansion since data collection began in 2009. The […]
If recently-introduced first-time homebuyer legislation were to be enacted as written, about 4.37 million people – roughly 10% of the nation’s renters – could be eligible for up to $25,000 in downpayment assistance. Advocates of the policy say the program’s thoughtful targeting would allow it to reach those who need it the most, while industry […]
Summary List Placement President Joe Biden extended the pause on student loan payments through September 30, and while the inclusion of the 0% interest rate on those payments provided financial relief, it didn’t add up to much for the average individual. A report released on April 5 by Upgraded Points — a travel research group […]
While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. After last year’s record $3.83 trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28 trillion, which […]
The U.S. Department of Education (ED) announced today plans to distribute $800 million to help support the needs of students experiencing homelessness under the American Rescue Plan Elementary and Secondary School Emergency Relief – Homeless Children and Youth (ARP-HCY) fund. ED announced the state allocations for the $800 million total allocated in the American Rescue Plan and […]
Summary List Placement NFTs are a pillar of the digital economy and could fundamentally impact our society, a report published by online broker eToro and The Tie earlier this week says. At the same time, bitcoin has the potential to destabilize the bullion market and become “digital gold” over the next ten years. The report […]
Old machines are transformed into new robots in an exhibition that makes viewers think twice about the machines they use. VOA’s Elizabeth Lee has the details. Camera: Roy Kim Producer: Elizabeth Lee details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Russian Olympic medal winners in Tokyo this year and at the 2022 Beijing Games will be serenaded by Pyotr Tchaikovsky’s music, the country’s Olympic committee said on Thursday, as their national anthem is banned because of doping offenses. Russian athletes are barred from competing at major international events, including the Olympics, under the country’s flag […]
Now that plans to create a European Super League comprising 12 of the continent’s elite clubs have collapsed, officials from the English, Italian and Spanish leagues are considering what to do in the aftermath. Six clubs from Britain (Liverpool, Manchester United, Manchester City, Arsenal, Tottenham Hotspur and Chelsea), three from Spain (Barcelona, Real Madrid and […]
A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. Most of the issuances have included 30-year fixed-rate mortgages, but recent offerings have pooled 15-year fixed-rate mortgages. […]
Summary List Placement Democrats had scathing assessments for the two-page Republican infrastructure outline released on Thursday, a sign that a bipartisan deal was not immediately in sight on one of President Joe Biden’s top economic priorities. A group of Senate Republicans led by Sen. Shelley Moore Capito of West Virginia had unveiled the $568 billion […]
Summary List PlacementTable of Contents: Masthead Sticky Applying to law school is no picnic — it involves rigorous studying for the LSAT, an impeccable personal statement, and glowing letters of recommendation. This year was especially tough to be a law school applicant — according to Law.com, there was a 20% increase in applications as […]
Summary List Placement After billionaire Leon Cooperman rejected Sen. Elizabeth Warren’s invitation to testify on her proposed wealth tax, philanthropist Abigail Disney accepted the opportunity to speak about the tax system. Warren is holding a hearing next week, called “Creating Opportunity Through a Fairer Tax System,” where she will discuss her wealth tax proposal, which […]
Summary List Placement The headline mortgage rate’s plunge below 3% last year was a big deal. It added fuel to a housing market boom that continues to this day. The rate climbed back above 3% earlier this year, but now it’s sinking once again as the buying spree hits new snags. That could give potential […]