April 6, 2021

Day: April 6, 2021

Why DeFi could rebuild trust in financial services

To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.

Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer, Edelman found that only 53% of American respondents said they trusted those in the U.S. to “do what is right” — down 5% from its 2020 survey. You can see this in the battle between Main Street and Wall Street, which played out in January’s GameStop rally. More

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Personal data of 533 million Facebook users leaks online

Personal data from 533 million Facebook accounts has reportedly leaked online for free, according to security researcher Alon Gal. Insider said it verified several of the leaked records.

“The exposed data includes personal information of over 533 million Facebook users from 106 countries, including over 32 million records on users in the US, 11 million on users in the UK, and 6 million on users in India,” according to Insider. “It includes their phone numbers, Facebook IDs, full names, locations, birthdates, bios, and — in some cases — email addresses.”

If that 533 million number might sound familiar

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Small business owners feel pressure of personal debt guarantees

The vise is tightening on owners of restaurants, fitness centers and other small U.S. businesses trying to hold on until the economy fully reopens. 

Unlike at most big companies, the burden is often deeply personal, because small business owners often end up providing a personal guarantee when they take on debt or sign a lease. 

Increased vaccination rates, loosening state restrictions and the $1.9 trillion stimulus package are raising hopes that these businesses can make it through, but the weight of those guarantees isn’t dissipating, The Wall Street Journal reports. Many businesses have accrued debt after deferring rent, loan

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North Dakota legislators set to raise their own pay, still get rare no-cost health insurance

That estimate for 2019, the most recent available, is from the Kaiser Family Foundation, which found that the average employee contribution for health insurance both in North Dakota and the United States was 21%.

But that’s not the case for state employees, including legislators and other elected officials, in North Dakota. State taxpayers pick up the full cost of health insurance premiums for all state employees.

For North Dakota’s 141 legislators, who set pay and benefits for themselves and all other state employees, that will amount to a premium subsidy of $1,426 per month for health insurance.

That’s the same

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Barron’s 100 Most Influential Women in U.S. Finance: Sandra Horbach

Sandra Horbach

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The Carlyle Group’s

Sandra Horbach has forged one of the most impressive careers in private equity, having led some of the more exciting deals over the last decade, including Beats Electronics, Dunkin’ Brands, and The Nature’s Bounty Co.

Horbach, 60, currently is a managing director and co-head of U.S. buyouts at Carlyle, where she launched the Consumer & Retail Group and oversees three of the firm’s largest private equity funds, with roughly $40 billion in assets under management.

100 Most Influential Women in U.S. Finance

Prior to joining Carlyle in 2005, she spent 18 years

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Dear Abby: She’s crushing on her personal trainer, but it’s her marriage that could use some toning

DEAR ABBY: I have grown really close to “Pete,” my trainer at the gym I joined two years ago. We are both married. I know it’s wrong to feel this way. I love my husband, but I’m not sure I am “in love” with him anymore.

I think what I feel for Pete may be more than just a physical attraction and connection. Our lives are so parallel. We are both loyal to our spouses, so nothing has happened.

I’m not sure if he feels the same about me, but I sense our chemistry when we are together. Our friendship

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