Friday, March 26, 2021

Understanding free money | News, Sports, Jobs - Marshall Independent

Many Americans either have or will soon be receiving some free money. Splendid simoleons! Cool cash! Marvelous moolah!

The concept of getting money for nothing is something that’s imprinted on us from an early age.

It begins with our birthdays. When you’re a little kid, celebrating a birthday often means receiving gifts of toys and candy and blowing out the candles on a cake that contains enough sugar to power an aircraft carrier for an entire year.

Publisher: marshallindependent.com
Twitter: @IndependentMN
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Other things to check out:

Tracking Where the Stimulus Money Is Going

Local governments around New York are receiving billions of dollars in combined aid from the federal government to offset the revenue losses created during the pandemic, and a think tank is tracking where the money is going.

The Rockefeller Institute this week released an analysis reviewing how the money will be sent to state, county, and individual local governments. All told, the funding amounts to about $980 per resident.

"One of the lessons we learned in the recovery from the Great Recession is that state and local governments are at the center of a robust economic recovery," said Laura Schultz, executive director of research at the Rockefeller Institute and author of the analysis. "This relief package will help these governments provide assistance to their households and businesses and, importantly, stave off government cutbacks which would likely slow the recovery.

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Hart: Biden and money 101 | Chattanooga Times Free Press

We have a president who went 10 weeks without a news conference and whose privacy is guarded by handlers.

Such is all the indignation of today's leftist crony politics. The rise of anti-capitalist demigods like AOC was foretold by Ayn Rand in her seminal 1957 novel "Atlas Shrugged." This 1,168-page "doorstopper" of a book has inspired many of us. To explain the banality of Democratic class envy rhetoric, I offer the following passage from "Atlas Shrugged," called "Francisco's Money Speech":

Publisher: timesfreepress.com
Date: 2021-03-25T17:00:00-04:00
Author: Ron Hart
Twitter: @TimesFreePress
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Bloomberg - Are you a robot?
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Not to change the topic here:

Will You Really Run Out of Money in Retirement?

The findings challenge a common financial planning assumption that retirees' spending will increase at the rate of inflation each year. But the research also indicates many people retire without a realistic understanding of how much they can safely spend.

Still, few people relish the idea of having to cut back sharply on their spending in retirement or eking out an existence on $1,543 a month (the current average Social Security check).

Over time, though, most of the households reduced their spending and slowed how quickly they were burning through their savings. After 10 years, the proportion with sufficient funds to last their retirement shot up to 48%.

Twitter: @Yahoo
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Report: Money key to reverse pandemic losses for poor

UNITED NATIONS (AP) — More than 60 international agencies are calling for immediate financing to put gains for developing countries back on track after the COVID-19 pandemic led to widening inequalities, the worst recession in 90 years, an estimated 120 million people pushed into extreme poverty and significant losses of tax revenues, trade and foreign investment for many countries.

The Financing for Sustainable Development Report 2021, released by the United Nations on Thursday, also pointed to an estimated 114 million jobs lost during the pandemic, a decrease in remittances which are critical to many poorer countries, and rising debt.

Publisher: The Ridgefield Press
Date: 2021-03-26 04:39:48
Author: By EDITH M LEDERER Associated Press
Twitter: @ridgefieldpress
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Talking About Money Is Romantic | Falmouth Columns | capenews.net

While watching a romantic comedy the other night with my wife Jill and our girls, the subject came up of how their mom and I first met. With Maeve at college, Phoebe and Sophie peppered Jill with questions about her first impressions of me and how she knew I was the one. They asked, "Was he handsome?" "Not particularly," she replied. Hmmm. "Did he have money?" "Nope, your dad was broke," she said. At that point Sophie blurted, "So, did you just feel sorry for the guy?

* * *

Unfortunately, financial disagreements consistently rank near the top of issues that create conflict between couples. In fact, I was reading this past weekend about a recent study by the American Institute of CPAs (AICPA). The study found that 73 percent of married or cohabitating couples find that financial decisions cause tension in their relationship. And more than a quarter of the same couples say those types of discussions occur at least once a month.

Publisher: CapeNews.net
Twitter: @capenewsdotnet
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Here's how much stimulus money is expected for counties and municipalities at the lake

As stimulus checks make their way into the bank accounts of Americans across the county, counties and municipalities also received a hefty amount of assistance. Here's a breakdown of what money is expected and how it can be used:

Direct funding for states goes through the State Fiscal Recovery Fund, while funds for other governments go through the Coronavirus Local Fiscal Recovery Fund. These funds are guaranteed to go to every state, local government and local entities that meet eligibility requirements.

Publisher: Lake Sun Leader
Author: Mitch Prentice
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