February 28, 2021

Month: February 2021

USPS delays persist, and bills, paychecks and medications are getting stuck in the mail

As the service crisis at the U.S. Postal Service drags into its eighth month, complaints are reaching a fever pitch. Consumers are inundating members of Congress with stories of late bills — and the late fees they’ve absorbed as a result. Small-business owners are waiting weeks, even months, for checks to arrive, creating cash-flow crunches and debates on whether to switch to costlier private shippers. Large-scale mailers, such as banks and utilities, are urging clients to switch to paperless communication, a shift that would further undercut the agency’s biggest revenue stream.

The growing outcry adds another dimension to the agency’s

Read More

Pandemic Insurance Helped the N.C.A.A. Tournament and Others

The N.C.A.A. has been buying coverage for its men’s basketball tournament since the late 1990s, when its annual budget was less than $450 million in today’s dollars. (In its last pre-pandemic fiscal year, the N.C.A.A. reported about $1.1 billion in revenues, including $868 million in television and marketing rights fees.)

“You started to see increases in these media contracts, and it made people realize they needed to protect their revenue streams,” said Kathleen McNeely, the N.C.A.A.’s chief financial officer since 2011.

Underwriters and college sports officials believed there was a very low risk that the tournament, a vast event with

Read More

The highest paying data science jobs in finance

If you’re looking for a data science role in financial services, and are expecting to earn an enormous salary and bonus, you may well be disappointed. Data science roles in financial services come in a variety of forms and some pay a lot better than others. 

A new salary and bonus survey from recruitment firm Octavius Finance highlights the discrepancies. Not only are some roles more lucrative, but some types of employer are more generous too.

Octavius Finance splits data science jobs into five categories, defined as follows:

  • Data strategists and relationship managers: People who researching new data sources and
Read More

About $915 million in unclaimed funds in the state and some of it could be yours

HARTFORD, Conn. (WTNH) — The State Treasurer’s office is entrusted to hold on to unclaimed property. One-third of the state – 1.6 million people – have money that is just sitting there. How do you claim your money?

This unclaimed money is known as ‘The Big List’ and a new website is making it easier to you to cash in.

State Treasurer Shawn Wooden (D) said, “Connecticut residents you’ve got money come get it.”

State Treasurer Wooden says $915 million in unclaimed property is sitting in the state’s general fund. If after three years – a business or a bank

Read More

Personal income leaps 10% in January thanks to stimulus, but inflation still in check

A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.

Personal income jumped 10% after a 0.6% increase in December. That was even higher than the 9.5% Dow Jones estimate.

The gain came from the issuance of $600 stimulus payments that Congress approved for millions of Americans, along with enhanced unemployment benefits. Consumers took those checks and spent them quickly, sending retail sales surging and pushing overall expenditures up 2.4% for the month, a touch below the estimate of 2.5%.

The slightly

Read More

How businesses can apply for grants in Golden State Stimulus

More than $2 Billion in grants and fee waivers are available to small businesses through the program. Here is everything you need to know about applying.

SACRAMENTO, Calif. — Gov. Gavin Newsom recently signed the $7.6 billion “Golden State Stimulus” coronavirus relief package into law, and one very large part of the package is more than $2 billion in grants for struggling small businesses.

“The backbone of our economy is small business. We recognize the stress, the strain that so many small businesses have been under and we recognize our responsibility to do more and to do better to help

Read More