April 1, 2021

Day: April 1, 2021

Biden’s New Playbook for Greening the Financial System

The Biden administration should fit climate risk into those sorts of tests, Arkush said. It should first make sure that banks don’t face too much “physical risk,” the name for damages wrought directly by the floods, wildfires, and droughts of climate change. (This kind of risk took California’s largest utility, PG&E, into bankruptcy in 2019.)

But it should also grade banks on “transition risk,” the chance that fast-changing climate policy could leave their investments worthless. “If it actually looks seriously like the world is gonna cut carbon emissions in half by 2030, you could, overnight, see fire sales of fossil-fuel

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Lake County News,California – Women business ownership in America on the rise

Women-owned firms made up only 19.9% of all firms that employed people in the United States in 2018 but their numbers are growing.

There were 6,861 more women-owned firms in 2018 than in 2017, up 0.6% to 1.1 million, according to the Census Bureau’s Annual Business Survey, or ABS.

Women-owned employer firms reported nearly $1.8 trillion in sales, shipments, receipts or revenue and employed over 10.1 million workers with an annual payroll of $388.1 billion in 2018.

The ABS provides data on race, ethnicity, sex and veteran status of owners of businesses with one or more paid employees. This information

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Arkansas businesses keeping mask rule

Notices requiring shoppers and diners to wear masks will persist in Arkansas this week even if Arkansas Gov. Asa Hutchinson decides to discontinue the state’s mask mandate.

Businesses big and small say they will continue to ask patrons to wear face coverings to help prevent the spread of covid-19.

Proprietors said they believe it will be months before life returns to the way it was before the pandemic, and they want to continue following federal health guidelines for the safety of their workers and customers.

“I think we are far away from reaching herd immunity and will continue with a

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South Florida residents dumbfounded by rising cost of home insurance

WEST PALM BEACH, Fla. — The cost of homeowners insurance in Florida is going through the roof. Residents who say they have never filed a claim are getting hit with huge rate hikes.

Steve Eppley of Boynton Beach received quite a shock this month from his homeowner’s insurance provider.

He was hit with a $1,000 hike in one year for a home he’s owned since 2006, and he has never filed a claim.

“I calculated it to be a 52 percent increase,” Eppley said. “It’s not fair. What they’re doing isn’t fair.”

What happened to Eppley isn’t uncommon.

WPTV

Steve
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Wall Street bet on financing self-employed home buyers. Will there be regrets?

Wall Street’s comeback story in U.S. housing finance has hinged on lending to self-employed borrowers and others who don’t quite fit the mold.

It financed millions of homes in recent years using alternative forms of documentation to gauge a borrower’s ability to afford a mortgage, sometimes at double the rates of interest as conventional mortgages.

But after a year of the pandemic, the small but important corner of housing finance referred to as the “non-qualified mortgage” (non-QM) segment has impairments that remain stubbornly high when compared with the rest of the U.S. housing market.

The non-QM rate of impairment hit

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Still missing a $1,200 or $600 stimulus check? How to claim the money

Geber86 | E+ | Getty Images

As new $1,400 stimulus checks are sent to millions of Americans, some may still be wondering why they have not received money from the first two sets of direct payments.

The U.S. government has sent out three rounds of stimulus checks — for up to $1,200, $600 and $1,400 — over the past year in response to the coronavirus pandemic.

The first stimulus payments, for as much as $1,200 per person, were authorized by Congress last spring. Meanwhile, the $600 and $1,400 payments were signed off on more recently, in December and March, respectively.

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