March 10, 2021

Day: March 10, 2021

When a couple has different financial priorities

Doug and Kat (not their real names) live in the rural Midwest and, during most years, earn a combined low six figures. Kat, 31, earns around $50,000 a year as a freelance writer; Doug, also 31, earns just under $90,000 as a development engineer. Both Kat and Doug reduced their working hours and their income after welcoming their first child last year — and they are currently trying to decide how to balance their long-term savings, their charitable donations, and the money that might go toward their son’s education someday.

Doug: We’re both very goal-oriented. The first thing we did

Read More

AHN, Highmark Health outfit first responders with more personal protective gear

For about a dozen ambulance services that received free boxes of personal protective equipment Tuesday during a distribution of masks, gowns and face shields at AHN Hempfield Neighborhood Hospital, the initiative was a lifesaver — literally and financially, recipients said.

“This will really help out. (PPE is) in really short supply. We’re dealing with covid patients, and this will protect ourselves and the people we help,” said Amy MacMannis, a paramedic for Jeannette EMS.

“This (distribution) goes beyond words. It’s been a struggle to search for proper PPE,” said Randy Highlands, Jeannette EMS operations director.

As he watched AHN and

Read More

4 Signs Your Business Model Is In Desperate Need Of An Update

As nice as it would be to have a single business model work for all eternity, any entrepreneur worth their salt knows this is rarely — if ever — the case.

After all, unless you are living as a hermit in some remote wilderness, you’ll see that the world is constantly changing. Businesses don’t exist in a vacuum. They are directly impacted by the many changes going on around them.

Quite often, this means that you’ll need to change your business model — even some of the foundational aspects of your business. As scary

Read More

The shadowy business empire funding the Tatmadaw

Critics says the business empire of Myanmar’s military has helped to support the ongoing coup

Myanmar’s military – the leaders of its recent coup – are funded by a huge chunk of the national budget. But the armed forces also draw a vast and secretive income from sprawling business interests:

At Yangon’s popular Indoor Skydiving Centre, visitors can experience the thrill of jumping out of a plane from the safety of a vertical wind tunnel.

But few people spiralling through this high-flying attraction may realise that it is part of a huge, military-run business empire – one completely woven into

Read More

Greensill Capital Tumbles Into Insolvency, Spreading Financial Pain

LONDON—Greensill Capital filed for insolvency protection Monday, days after regulators took over its banking unit and Credit Suisse Group AG froze investment funds that were critical to the startup’s operations.

The unwinding has rippled to holders of the Credit Suisse funds, German municipalities that deposited money with Greensill’s bank, and a high-profile duo of venture-capital investors.

Greensill specialized in supply-chain finance, a type of short-term cash advance to companies to stretch out the time they have to pay their bills. The firm was once worth $4 billion based on investments from SoftBank Group Corp.’s Vision Fund. The collapse marks a

Read More

The stimulus money isn’t going to be spent, Bank of America says, so here are the investment moves to make

The big talk not just in markets but in politics is whether the new round of stimulus will overheat the economy.

Bank of America’s research investment committee say it won’t, and brings some new data to the table. First, it cited data from the Census Bureau showing that of the households who received a $600 stimulus check in the first half of February, 73% saved or paid down debt. Consumer credit also unexpectedly fell in January.

Bank of America also surveyed more than 3,000 people to ask how they would spend the new stimulus check. Even in the lowest-income category,

Read More