March 12, 2021

Day: March 12, 2021

Does Progressive Christian Financial Advice Exist?

1 month ago

Over the last two decades, Dave Ramsey’s name has been synonymous with evangelicalism and money. Although some Christians reject Ramsey’s financial advice and the theology that supports it, it’s not always clear where those seeking alternative faith-based money-management programs can turn.

Ramsey, who hosts a national radio program, has authored seven bestselling books, and co-created Financial Peace University, which is famous for its strict approach to personal finance. Ramsey often takes a harsh approach to debt and poverty, teaching debt is due to “stupidity” and that with “seven baby steps” anyone can take control of their money.

Financial Peace University,

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Elaine Chao used DOT staff to aid personal errands, father’s business, inspector finds

1 month ago

The IG’s report and related documents “demonstrate that Secretary Chao used her official position and taxpayer resources for the benefit of herself and her family,” said Rep. Carolyn Maloney (D-N.Y.), chair of the House Committee on Oversight and Reform, in a statement late Wednesday. “Secretary Chao’s flagrant abuse of her office provides further evidence that additional ethics and transparency reforms are needed.”

Investigators from the IG’s office referred their findings to the Justice Department’s U.S. Attorney’s Office and its Public Integrity Section in December, but both offices declined to open criminal investigations.

Chao, who left office in January, was one

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Bed-Stuy wine shop changes business model amid pandemic

1 month ago

NEW YORK (WCBS 880) — A small wine shop in Bedford-Stuyvesant is tailor-made for the Brooklyn community it serves.

Happy Cork opened its doors in March 2019 – a year before the coronavirus spread in New York City and changed its business model. Fast-forward two years and Sunshine Foss is displaying her sunny disposition on the WCBS Small Business Spotlight, sponsored by Dime Community Bank.

Foss told Joe Connolly and Neil A. Carousso she rallied her community amid the business shutdowns and offered to sell their products on the new website she designed herself. She was in survival mode.

“When

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Texans can be arrested for violating business mask rules

1 month ago

People can still be arrested for not wearing a mask in Texas businesses, despite Gov. Greg Abbott rescinding his statewide mask order, which lifts Wednesday. 

Houston Police Chief Art Acevedo, who delivered a strong message to Texans who refuse to comply with private businesses’ policies on wearing masks, said that business property rights in the Lone Star State give them the tools to keep the peace. 

“Our officers are well-versed on the laws, there’s something called ‘criminal trespass’ here in the state of Texas, and if a business asks an individual to wear the mask and they refuse to leave,

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Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems

1 month ago

While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases, non-renewals, coverage restrictions or refusals from the admitted market.

The situation has become untenable, Florida agents say, and they hope the state’s legislature will take action in the current legislative session so Florida policyholders can access the insurance they need.

“We are taking sides for Floridians. I want a healthy stable insurance market because a stable insurance market is critical for a healthy economy,” said Mary Katharine Lawler,

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Biden to Tap Former Fed Economist for Treasury Domestic-Finance Post

1 month ago

WASHINGTON—President Biden intends to nominate

Nellie Liang,

an economist who specialized in financial stability during her career at the Federal Reserve, to a senior Treasury Department post, the White House said Thursday.

The president is tapping Ms. Liang to serve as undersecretary for domestic finance, an important role in management of U.S. debt, tax and fiscal policy, financial regulation, housing finance and other economic matters.

She was nominated by former President

Donald Trump

to a seat on the Fed’s seven-member board of governors in 2018, but her nomination ran into opposition from Senate Republicans. Her nomination never had a committee

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