March 17, 2021

Day: March 17, 2021

Michigan cities weigh how to spend $4.4 billion windfall from federal stimulus law

In Port Huron, local officials are kicking around the idea of refunding all 2020 property taxes for every commercial, industrial and residential property in the city’s eight square miles.

Such a move would normally bankrupt the international border city of 29,000 residents at the mouth of Lake Huron.

But not after President Joe Biden signed a massive $1.9 trillion economic stimulus bill Thursday, a landmark government spending spree that promises a $19 million sliver for Port Huron.

“We could literally refund the 12 mills of the general property tax from last year and still have $10 million left over,” said

Read More

iPhone app privacy: which apps collect the most personal data?

iPhone app privacy labels have been a real eye-opener in showing just how much of our personal data is accessed by certain apps. If you’ve ever wondered which apps collect and share the most data, cloud storage company pCloud did the legwork.

The company examined app privacy labels in the App Store, and compiled a ranking of apps by the percentage of personal data collected, as well as the amount of it passed to third parties…

You can probably guess the two worst offenders:

80% of apps use your data to market their own products in the app and beyond.

Read More

4 Basic Business Tools New Entrepreneurs Need To Succeed

By Deborah Sweeney

This year, many eager new entrepreneurs are ready to hit the ground running with their startups and hopefully experience a year less challenging than the previous one. When launching a new business, it’s important to consider what business tools and core essentials small businesses need in order to thrive in today’s “new normal.”

I help entrepreneurs incorporate and form limited liability companies, so I generally tend to share advice on legal must-haves for small businesses, like business formations, trademarks, and tax IDs. However, I’m not going to do that this time around.

Let’s assume you have

Read More

NFL linebacker Cassius Marsh turns passion for Magic: The Gathering, trading cards into business

NFL linebacker Cassius Marsh turned his passion for the trading card industry into an entrepreneurial opportunity with his own Southern California store and a booming brand.

Marsh and a lifelong friend opened Cash Cards Unlimited in Westlake Village late last month as the value of sports cards and gaming cards like Pokémon, Magic: The Gathering and Yu-Gi-Oh continued to thrive. He told FOX Business in an interview this week that business has been good since

Read More

Allianz Life Insurance Co. names Jasmine Jirele as next CEO

Allianz Life Insurance Co. of North America said Tuesday that Jasmine Jirele will become its next chief executive.

She succeeds Walter White, who has led the Golden Valley-based firm since 2012. The transition will happen Sept. 1.

Jirele has been chief growth officer since 2018 at the company, which is a unit of Allianz SE, based in Munich, Germany, and a provider of insurance and financial services in 70 countries. She served as the chief of staff to Gary Bhojwani, who preceded White as CEO.

“Jasmine brings a compelling combination of strategic vision, deep customer and industry insight, and digital

Read More

Buttonwood – Why people are worried about the bond-equity relationship | Finance & economics

MOST PEOPLE have little time for quants. They find the language of quantitative finance far from illuminating. Even fairly numerate people struggle to grasp what comes easily to pointy-headed number-crunchers. Take the idea of correlation, the co-movement of two or more variables. Such relationships vary with the period over which they are measured. The direction can shift. Things quickly become confusing.

Listen to this story

Enjoy more audio and podcasts on iOS or Android.

Yet the quant argot is useful when considering perhaps the biggest fear stalking

Read More