Skip to content
  
  

Zxcoachoutlet

Business

Menu
  • business
  • finance
  • insurance
  • money
  • personal

Tag: Cost

Racism has cost the US economy $16 trillion in the last 20 years

October 12, 2020
| No Comments
| money

  • Centuries of discrimination have created a cavernous wealth gap between Black and white Americans. 
  • Today, Black Americans own an estimated one-tenth the wealth of white Americans — $17,150 for Black families compared to $171,000 for white families.
  • This gap is not only bad for Black people, it’s bad for the US economy, too.
  • Researchers estimate that the racial wealth gap has cost the US economy $16 trillion since 2000. If the gap closed today, the GDP would see a $5 trillion boost in the next five years.
  • Read more stories from Business Insider’s “Inside the racial wealth gap” series »

Since the start of slavery, racism has cost Black Americans an estimated $70 trillion. Today, thanks to centuries of discrimination, the racial wealth gap between Black and white Americans is cavernous.

In 2016, the Brookings Institution estimated that Black Americans own about one-tenth the wealth of white Americans — $17,150

… Read More

Read More »

Posted in %1$s Tagged %1$s

Premiums Cost 10 Times More)

October 12, 2020
| No Comments
| insurance

Six months into the coronavirus pandemic, many Hollywood companies still can’t head back into production on film and TV projects because of one major roadblock: Insurers have made no moves to incorporate pandemic coverage into policies, leaving big studios to self-insure and smaller production companies to seek pricey alternatives — or gamble on shooting without any coverage at all. Productions that bought policies before March are largely safe, as multiple insiders tell TheWrap that most policies procured before the pandemic shutdown did not have COVID-19 or infectious disease exclusions, and cast insurance and civil authority policies cover expenses incurred due to the coronavirus. However, any policy written since March now has a “platter of exclusions” as insurers seek to mitigate potential losses, according to Brian Kingman, managing director at Gallagher Entertainment, who helps find coverage for Hollywood’s stars. Plus, no major insurance carriers will offer COVID-related coverage moving forward. “In

… Read More

Read More »

Posted in %1$s Tagged %1$s

Here’s what Florida insurance experts say about the current cost crisis

October 10, 2020
| No Comments
| insurance

As home insurance prices are poised to increase sharply, the South Florida Sun Sentinel asked leading insurance experts to provide their views of the disintegrating state of the market. Here’s what they had to say. Responses have been edited for length and clarity.

Loading...

Load Error

Locke Burt, president and CEO, Security First Insurance Co.

Insurance cost drivers are well known and have been reported before — bad weather, increased reinsurance costs, shady contractors, aggressive plaintiffs bar with a favorable legal environment, water losses, fraud. What’s different is the trends seem to be accelerating and the Legislature has not done anything meaningful to change the trajectory of increased costs which, under Florida law, must be passed on to consumers in the required annual rate filings.

The private sector is shrinking and raising rates as fast as they can because the losses are not sustainable and the providers of additional investment capital

… Read More

Read More »

Posted in %1$s Tagged %1$s

Insiders sound off on Florida insurance cost hikes

October 10, 2020
| No Comments
| insurance

As home insurance prices are poised to increase sharply, the South Florida Sun Sentinel asked leading insurance experts to provide their views of the disintegrating state of the market. Here’s what they had to say. Responses have been edited for length and clarity.

Locke Burt, president and CEO, Security First Insurance Co.

Insurance cost drivers are well known and have been reported before — bad weather, increased reinsurance costs, shady contractors, aggressive plaintiffs bar with a favorable legal environment, water losses, fraud. What’s different is the trends seem to be accelerating and the Legislature has not done anything meaningful to change the trajectory of increased costs which, under Florida law, must be passed on to consumers in the required annual rate filings.

The private sector is shrinking and raising rates as fast as they can because the losses are not sustainable and the providers of additional investment capital simply do

… Read More

Read More »

Posted in %1$s Tagged %1$s

Here’s the Real Cost of Stock Splits That Buffett Knows and Apple and Tesla Ignored

October 8, 2020
| No Comments
| business

Name three things these five companies have in common: AutoZone,

Booking Holdings,

Cable One,

NVR

and

Seaboard.

One: Their shares are among the priciest in the U.S. stock market — all in four figures. Two: They have almost never split their stock. Three: All enjoy among the highest-quality shareholders measured by long-term horizon and portfolio concentration.

These are not coincidences, yet the shared experience seems lost on the increasing number of companies doing stock splits, from

Apple

(ticker: AAPL) to

Tesla

(TSLA). Both of these companies recently split their stock in order to cut share price. They apparently are trying to attract shareholders who will also be customers. But while that might be good product marketing, it is definitely bad investor stewardship: Stock splits degrade a company’s shareholder quality.

Managers and investors alike should care about which shareholders grace a company’s shareholder list. At companies brimming with transient

… Read More

Read More »

Posted in %1$s Tagged %1$s

His tweet “cost people a lot of money”

October 7, 2020
| No Comments
| money

Brian Kilmeade
Brian Kilmeade

Brian Kilmeade hosts “FOX & Friends” at FOX Studios Steven Ferdman/Getty Images

Fox News host Brian Kilmeade cast blame Wednesday on Donald Trump for killing stimulus talks after the president called off negotiations before bartering with himself on Twitter.

Trump declared Tuesday on Twitter that he had instructed his administration to “stop negotiating until after the election” before tweeting that he would sign bills to extend portions of coronavirus relief immediately.

Trump’s tweet announcing the end of stimulus talks sent the stock market plummeting. The tweet came about an hour after Federal Reserve Chairman Jerome Powell warned Congress that inaction would result in “tragic” consequences, and there was little risk in lawmakers “overdoing it” by pumping more money into the economy.

“For the president to come out with a tweet like that, with the markets still open, just crashed the market and cost people a lot of money,”

… Read More

Read More »

FAFSA Is Open: Not Applying Right Away Could Cost You

October 7, 2020
| No Comments
| business

By Cecilia Clark

An influx of college financial aid applications this year means that money could run out for students who don’t file early.

Due to financial strain caused by Covid-19, nearly 40% of families that didn’t previously plan to apply for federal financial aid now expect to do so, according to a recently released survey from Discover Student Loans.

The federal government, states, colleges and other organizations use the Free Application for Federal Student Aid, or FAFSA, to award financial aid. You must complete the FAFSA to be considered for financial aid.

>> Plus, from Robert Powell’s Retirement Daily on TheStreet: 529 Plans Are Good for More than College Tuition

You have 21 months to submit the FAFSA for any given academic year. For the 2021-22 school year, the FAFSA opens Oct. 1, 2020, and closes June 30, 2022. But that doesn’t mean you should wait.

“There is no

… Read More

Read More »

Posted in %1$s Tagged %1$s

Allianz CEO: Vast COVID-19 Cost Will Anger Many Ordinary People | Investing News

October 7, 2020
| No Comments
| business

By Guy Faulconbridge, Kate Holton and Paul Sandle

LONDON (Reuters) – Allianz

CEO Oliver Baete said on Tuesday that European governments needed to be careful about spending record amounts on the COVID-19 crisis as many ordinary people would be angry when they were handed such a vast bill.

The coronavirus pandemic has prompted a debt-fuelled spending splurge by governments across the world as lockdowns batter economies, shred millions of jobs and push whole sectors towards collapse.

The boss of Allianz, which has 2.3 trillion euros under management, said that there were a lot of “zombie” companies being kept afloat with government money though many private households were more resilient than some thought.

Many ordinary people, Baete said, were clearly smarter than the political classes who were spending record amounts of money – an issue that he said could one day hurt social cohesion.

“Our people are apparently much smarter than

… Read More

Read More »

Posted in %1$s Tagged %1$s

Exxon To Ax 1,600 Jobs Across Europe As Pandemic Forces Cost Cuts

October 6, 2020
| No Comments
| business

Texas-headquartered Oil and Gas company Exxon Mobil Corporation (NYSE: XOM) announced plans on Monday to cut jobs across its affiliates in Europe. The country-specific impact of the layoffs is still uncertain, and the decision would be based entirely on the company’s presence in the local markets and the prevailing market conditions.

In the last six months, Exxon stock has dropped close to 17%, and approximately 52% on a year-to-date basis.

What Happened: Exxon’s plan to reduce staff is driven by cost competitiveness and it estimates up to 1,600 employees across Europe could face the ax by the end of next year. According to the Financial Times, this represents more than one-tenth of its total headcount in the European region.

In an earnings guidance shared last week, the company said it expected to post anywhere between a loss of 68 cents and a profit of 7 cents in the current

… Read More

Read More »

Posted in %1$s Tagged %1$s

If you got a subsidy to buy health insurance, it could cost you come tax time

October 4, 2020
| No Comments
| insurance

  • Individuals who purchase health insurance via the marketplace may be eligible for a subsidy to help them afford the monthly premium. This is known as the advance premium tax credit.
  • Consumers with household incomes between 100% and 400% of the federal poverty level, or up to $104,800 for a family of four in 2020, may qualify for this additional aid.
  • People who exceed the threshold by even a dollar must repay the subsidy, which is known as a recapture of the credit. This can add thousands of dollars to a household’s tax bill



a woman holding a piece of cake is smiling: Erin McClellan, owner and lead designer of Sprigs Floral Designs in San Luis Obispo, Calif.


© Provided by CNBC
Erin McClellan, owner and lead designer of Sprigs Floral Designs in San Luis Obispo, Calif.

In 15 years of running a business, this year has proven to be the most difficult for Erin McClellan, owner of Sprigs Floral Designs in San Luis Obispo, California.

And it turns out 2020 had one more

… Read More

Read More »

Posted in %1$s Tagged %1$s

Posts navigation

1 2 Next

Recent Posts

  • Barrett says George Floyd video was ‘very personal’ for her family
  • M1 Finance closes $45M Series C mere months after it raised its $33M Series B
  • The Wake Up for Wednesday, Oct. 14, 2020
  • Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News
  • Personal Preparedness is a Year-Round Commitment and More Important Than Ever

Archives

  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020

Categories

  • business
  • finance
  • insurance
  • money
  • personal
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Oct    

Tags

Announces Bank Big billion Business Buy Car Company Coronavirus COVID19 deal Debate demand dollar finance Financial Global Group Growth Health Home insurance Investing Investors IPO Jobs Life Market Markets million money News Oil Pandemic personal Recovery report September shares Stimulus Stock stocks Talks Top Trump

About Us

  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap

Hairstyle 2020 | All Rights Reserved.

Hairstyle theme by Flythemes