Spending

Matt Welch on Democratic Taxes and Spending

The climate, health care and tax bill known as the Curbing Inflation Act, recently passed in the Senate, allocates $80 billion to expand the Internal Revenue Service (IRS) in the goal of generating hundreds of billions of dollars in additional tax revenue. Just over half of the $80 billion is for increased tax enforcement, and […]

Income

A pensioner forced to spend a third of his income on energy bills

Some of the ‘poorest’ pensioners face sky-high bills with little support, one woman has warned. Julie, who has asked to keep her full name anonymous, expects to pay almost a third of her annual income on bills in January. The pensioner, 71, is just above the threshold to receive a pension credit – which provides […]

Savings

The new CalKIDS program has created college savings accounts for students

More than three million California students just received an automatic $500 investment to pursue higher education because the state created accounts to help kids save for college from the day they were born . The CalKIDS program launched by the state on Thursday is the largest college savings program in the nation and aims to […]

Insurance

Berkshire’s insurance business – GuruFocus.com

Regular readers of my articles will know that I like to keep an eye on the performance of Berkshire Hathaway (BRK.A, Financial) (BRK.B, financial) insurance business. I spend so much time looking at that side of the company because insurance has always been a financial powerhouse for the band. It was the first industry warren […]

Spending

New study highlights wide gap in healthcare spending in 50 states

(Photo: Shutterstock) There is a large and growing gap between states in health spending, according to a new report. Some states spend twice as much on health care per person as other states, according to the report. The study, conducted by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington School […]

Savings

The Premier Tax Free Housing Savings Account is coming: what you need to know

Breadcrumb Links Taxes Personal finance Jamie Golombek: Plan gives first-time homebuyers the chance to save $40,000 tax-free when buying a home Publication date : August 11, 2022 • 3 hours ago • 5 minute read • 5 comments Contributions to an FHSA will be tax deductible, but withdrawals to buy a first home, including any […]

Income

5 passive income stocks that can make you richer

Investment goals tend to change over time. Although many focus on building wealth, preserve it is an underrated part of travel. Dividend stocks that pay you to own stocks are a great wealth preservation tool and offer benefits such as the ability to cover your expenses or reinvest your dividends to increase your dividend income. […]

Savings

California launches CalKIDS college savings program for newborns – NBC Los Angeles

The state of California is launching a new program called CalKIDS, which will open a small college savings account for every newborn in the state. The program was designed to help children in California gain access to higher education, especially those from traditionally underserved communities, according to the website. The money, which will belong to […]

Spending

Fox predicts record political ad spend in US midterm elections

Lachlan Murdoch, head of Fox Corporation, hailed an “unprecedented wave” of political advertising sweeping America this year and which is expected to exceed spending ahead of the 2020 election. As he unveiled Fox’s annual revenue, Murdoch said the financial muscle deployed in tight Senate, House and gubernatorial races would make November’s midterm election cycle the […]

Income

EQM Indexes Launches Natural Resources Dividend Income Index

SAN DIEGO–(BUSINESS WIRE)–San Diego-based index development company EQM Indexes LLC is launching a groundbreaking new index, the EQM Natural Resources Dividend Income Index (NDIVITR), providing exposure to global public companies in the natural resource sectors and raw materials generating high incomes supported by free movement of capital. In the current inflationary environment of high energy […]

Insurance

Seven Corners, Mapfre Asistencia, Royal Caribbean Group – InsuranceNewsNet

New Jersey, United States — (SBWIRE) — 08/10/2022 — The latest published study of the global cruise travel insurance market by WADA Research assesses market size, trend and forecast till 2027. cruise travel insurance market research covers important research data and evidence to be a handy resource document for managers, analysts, industry experts and other […]

Spending

Record spending, tax credits and a new fleet: 10 things to know about the Ontario budget

Reduce, reuse, recycle, reintroduce. Finance Minister Peter Bethlenfalvy has cut waste by not printing new budget books for his reintroduced spending plan that reuses policy promises and recycles many projections from the April 28 tax plan. Here are some highlights of Bethlenfalvy’s 2022-23 budget tabled in Queen’s Park following Tuesday’s Speech from the Throne: It’s […]

Savings

Colorado’s proposed natural gas rule change could mean savings to your wallet and the climate crisis, advocates say

The Colorado Public Utilities Commission is considering a rule change that some environmentalists say is fairer to utility customers. The rule change would impact who pays for new natural gas lines when building new homes. Currently, the cost is shared 50/50 between the electricity company and the developer. The change would put the cost 100% […]

Income

Seaweed is a vital source of income and independence for women in Fiji. Climate change wins.

A group of women in Fiji spend long hours walking in the sea to gather an edible seaweed that for years has been a vital part of the island nation’s diet, culture and income. But now seaweed is becoming much harder to find, endangering the livelihoods of many. Nama, also called sea grape, is a […]

Insurance

TREAN INSURANCE GROUP, INC. – 10-Q – Management report and analysis of the financial situation and operating results

The following discussion and analysis of financial condition and results of operations for the three and six months ended June 30, 2022 is qualified by reference to and should be read in conjunction with the accompanying unaudited condensed consolidated financial statements and the related notes included herein and the audited consolidated financial statements and notes […]

Income

The future of revenue management is unclear as the end of the cashless debit card draws near

Legislation to scrap the controversial cashless debit card program is set to become one of the first bills debated by the new parliament, as the federal government pushes ahead with its campaign commitments. While it raises questions for thousands of people on the card, another form of revenue management in the Northern Territory – affecting […]

Insurance

Will you regret not buying pet insurance?

Image source: Getty Images Pets are part of the family, which is why pet owners can consider purchasing insurance as soon as they bring a pet home. Whereas animal insurance is an added expense since monthly premiums are required, not purchasing this coverage could end up leaving homeowners with a lot of regret. Here are […]

Savings

How to help the self-employed increase their retirement savings

Just before the pandemic, the self-employed made up about one in seven of the workforce, and while that’s likely declined somewhat during the pandemic, it’s still much larger than it was a generation ago, driven by the growth of self-employment in the decade after the financial crisis. Despite the growth in the number of self-employed […]

Spending

Ipsos poll: Malaysian consumers now fear inflation due to Covid-19, planning spending cuts

Thirty-seven percent of Malaysians said they would spend less on shopping. — Photo by Hari Anggara By John Bunian Monday, August 08, 2022 1:28 PM MYT KUALA LUMPUR, August 8 – Malaysians’ fear of inflation and poverty has overtaken their concern over the lingering Covid-19 pandemic, according to a new Ipsos poll. The market analysis […]

Income

Low-income Australians will be hardest hit by inflation, says RBA

Once again, the Reserve Bank has made it clear that the poor and marginalized in the community will feel the brunt of its tightening of monetary policy to control inflation – which no one in Australia outside of society’s C suites does. ‘is responsible. The central bank’s August monetary policy statement, released on Friday, makes […]

Insurance

GOP senators remove $35 private insurance insulin cap from Democrats’ tax and climate bill

Republican senators on Sunday removed a $35 insulin cap for patients with private insurance from Democrats’ $740 billion tax and climate spending bill that the party will soon pass along party lines. Democrats had sought to include the cap in private plans and health insurance, but the Senate congressman ruled it could not apply to […]

Savings

Kejriwal addresses Bodeli tribes in Gujarat today, pamphlets list ‘savings’ if AAP is elected to power

AAP National Organizer and Delhi Chief Minister Arvind Kejriwal will address a tribal gathering at the APMC Bodeli market in Gujarat’s Chhota Udepur district on Sunday even as leaflets handed out by the party on site list the “savings” each household in the state will make. see if the party is elected to power in […]

Income

Definition of operating profit before depreciation and amortization (OIBDA)

What is operating income before depreciation and amortization (OIBDA)? Operating income before depreciation and amortization (OIBDA) is a measure of monetary efficiency used by companies to indicate the profitability of their core business activities. OIBDA excludes the consequences of capital expenditure on mounted assets, such as machinery, and interest charges related to debt repayment. As […]

Insurance

AIICO Insurance increases pre-tax profit by 146.9% to N2.2 billion in first half of 2022 – WorldStage

WorldStage Newsonline – AIICO Insurance Plc has published its half-year report for 2022 with a 146.9% increase in profit before tax on profit from continuing operations i to 2.2 billion naira in the first half of 2022, from 908.6 million nairas recorded in the first half of 2021. It recorded a gross written premium (GWP) […]

Savings

Make cash vouchers negotiable

Asjadul Kibria | Published: Aug 06, 2022 10:18:52 p.m. Over the years, the government has taken steps to invigorate Bangladesh’s sluggish debt market. However, all this proved insufficient to achieve the goal. Converting non-marketable fixed income government securities into marketable securities may be an option now. It should be noted that the debt market is […]

Income

CBDT issues conditions and forms to obtain income tax exemption on covid 19 aid money

The government, via a press release dated June 25, 2021, announced that money received by an individual for expenses incurred on the treatment of Covid-19 or gratis received (by family members) during death due to covid-19 of an employer or any parent/volunteer would be exempt from income tax. The income tax exemption was notified in […]

Spending

As Indians prioritize spending, personal care is reduced

Indians seem to be starting to color their hair, wear perfume, take care of their skin and shave their beards again, as offices open and people once again celebrate social occasions. At least that’s what the market data suggests. Non-essential personal care products – among the hardest hit during the pandemic – have outperformed the […]

Insurance

How will insurance claims be settled after a fatal car accident in Austin, TX?

If someone dies in a single car accident, the policy may have a death benefit clause. Data from the city of Austin revealed 111 motor vehicle crashes last year, resulting in 120 crash-related deaths. By July 2022, there had been 58 fatal crashes resulting in 59 fatalities. Austin Roads became more dangerous with distracted driving, […]

Spending

Georgia tax collections rise again in July as spending and revenue rise

The move saved drivers and cost the state more than $150 million in July. Auto fuel money goes to road and bridge projects, and Kemp fills the taxes earmarked for that purpose with the remaining excess funds. The July news comes a month after the state announced it ended its fiscal year on June 30 […]

Savings

Canadian households see inflation eat into their savings amid pandemic

Canadians built up a reserve of savings in the early months of the pandemic that was expected to fuel spending and provide a cushion during the recovery, but despite rising wages, households are seeing their reserve of savings eroded by inflation . Average household net savings fell 44% to $1,900 in the first quarter from […]

Income

Rocket Companies hit by falling net profit

Read more: Fed raises interest rates again – reaction pours in Rocket managed to cut spending by $300 million quarter over quarter, beating its target of $100 million. The company’s total spending in the second quarter was $1.3 billion. “We are also investing our capital in Rocket Engagement and Services platforms to expand our customer […]

Insurance

Hwang creates resource for opponents of insurance rate hikes – InsuranceNewsNet

HARTFORD — State Senator Tony Hwang has published a set of resources and links to help people who want to offer feedback before the State Insurance Department on August 15th, as an appointed panel reviews — in some cases — calls for double-digit health insurance rate increases of up to 24% next year. This year, […]

Savings

Ohio Afterschool Child Enrichment (ACE) Education Savings Accounts Provide Greater Access to Student Enrichment Programs

Release date: 04/08/2022 Original Release Date: July 20, 2022 Eligible students can receive $500 for educational summer and before and after school activities Families in Ohio now have more options to access a variety of educational programs for students. Ohio Department of Education Announces Candidacy for 2022-23 Afterschool Child Enrichment (ACE) Education Savings Account Program. […]

Spending

KFC parent company doubles deals as consumers cut spending

Yum misses estimates as spending rises Low-income consumers fall back – CEO Decline in Pizza Hut sales Aug 3 (Reuters) – Yum Brands Inc (YUM.N) said on Wednesday it would offer new items and promotional offers as it seeks to reverse slowing consumer demand for its pizza and fried chicken low income. Americans are tightening […]

Income

Biden signs executive order to try to help low-income women pay for abortions if they have to cross state lines

President Joe Biden on Wednesday signed an executive order that his administration says will help low-income people pay for abortion services if they have to travel out of state to obtain them. The order, administration officials say, paves the way for Medicaid to cover abortion-related costs for people who have traveled from states where their […]

Savings

New Tax Saving Strategies – Westfair Communications

The capital gains exclusion from Section 1202 Qualified Small Business Stock (QSBS) and Section 1202 has recently gained popularity as a tax-saving strategy. Section 1202 has been around for almost 30 years when it was enacted in 1993, however, over the years it has been amended to adjust the portion of the total capital gain […]

Insurance

Verisk insurance segment revenue up 10.9% in second quarter

Insurance and analytics provider Verisk reported revenue growth of 10.9% in its Insurance segment, offsetting lower revenue in other business segments. Insurance revenue increased from $550.0 million to $610.0 million from the second quarter of last year to the same period in 2022. Meanwhile, underwriting and ratings revenue rose 12.8% to $437.8 million, while energy […]

Savings

When is it okay to use retirement savings to pay off credit card debt?

Comment this story Comment When your budget is tight and your debt seems insurmountable, it’s easy to see the money you’ve saved in your retirement account as a way out of a bad situation. With inflation and rising consumer prices, Americans are turning more to credit. Credit card balances have increased by $46 billion since […]

Spending

Hassan passes new federal spending in the face of GOP attacks

Ads are hard to miss. Bedford bakery owner talks about impact of inflation on her small business; an attack on “outrageous” federal spending and wasted billions during the COVID crisis; the message “Call Senator Hassan, tell him to stop the reckless spending that causes runaway inflation”. But whether that impacts the incumbent Democrat, it doesn’t […]

Insurance

Race, insurance status linked to poor outcomes in patients hospitalized for UC

According to a nationally representative cohort study, race/ethnicity and insurance status were associated with poor outcomes in hospitalized patients with ulcerative colitis (UC). Among nearly 35,000 people included in the cohort, black patients had higher mortality rates than white patients (adjusted OR [aOR] 1.38, 95% CI 1.07-1.78, P= 0.010), reported Karen Joynt Maddox, MD, MPH, […]

Spending

Looming recession does not affect tourism, spending in Wilmington area

It’s a Thursday at the end of July and we’re talking about a recession. But you would never know that by looking around Southport town centre. The streets are lined with cars and people stroll through the city, stopping at shops, buying ice cream and hoping to catch a glimpse of the filming taking place […]

Income

Basic income grant, pie in the sky for SA: Busisiwe Mavuso

Devon Thomas | Refilwe Moloto speaks with Business Leadership South Africa CEO Busisiwe Mavuso on why talking about a basic income grant has no place in an ANC policy conference or on a national agenda in South Africa. With 12.4 million people in the country desperate for financial support from the government, a basic income […]

Savings

DMO issues new savings bonds to be subscribed at N1,000

The Debt Management Office (DMO) has announced two additional Federal Government Savings Bonds for August at N1,000 per unit. He said in Abuja on Monday that the first offering is a two-year savings bond maturing August 10, 2024 at an interest rate of 9.41% per annum. The second is a three-year savings bond maturing August […]

Insurance

Cotton commodity prices slump as insurance price rises

LUBBOCK, Texas (KCBD) – After a tough season with extreme heat and drought, cotton commodity prices have fallen. On May 17, prices were at $1.20 a pound or higher, on July 15 they were down to 90 cents. A professor of agriculture and applied economics at Texas Tech says it could be a kick-start for […]

Savings

Tandem Bank joins Raisin UK Savings Marketplace

Digital bank Tandem announcement in a statement on Monday (August 1) that he joined the UK online savings marketplace, giving UK customers access to its range of fixed-term savings products. Tandem’s current suite of savings products spans a fixed rate and instant access, and it is expected that over time other Tandem savings products will […]

Spending

New York Republicans renew call for spending cap

State Senate Republicans on Monday called for an official cap on state spending in the New York budget as inflationary costs continue to take their toll. The conference released a report highlighting the effects of inflation on New Yorkers’ wallets and offered a 10-point set of proposals aimed at reducing the impact of rising consumer […]

Income

GOF: An Income Investor’s Friend (NYSE: GOF)

Talaj/iStock via Getty Images Guggenheim Strategic Opportunities Fund: The Income Investor’s Friend I’m a big fan of the Guggenheim Strategic Opportunities Fund (NYSE: GOF) as a way to add income to any portfolio. Due to its efficiency of approximately 13%, one can easily create the desired performance by increasing or decreasing exposure to it. The […]