April 8, 2021

people

Pressure Builds on Congress to Help People Afford Pricey Flood Insurance

Congress is under pressure to subsidize flood insurance costs for low-income households after the federal government announced last week that it would increase flood insurance premiums for millions of homeowners.

Of the 5 million properties insured by the National Flood Insurance Program, about 3.9 million soon will see a hike in premiums—and 200,000 substantially so. The new rates will go into effect in October for new policyholders and April 2022 for homeowners renewing policies (Climatewire, April 2).

“An affordability plan is still needed,” said David Maurstad, the Federal Emergency Management Agency official in charge of the program. FEMA

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Stimulus payments: More money is on the way for people who lost their jobs last year

The original payments were based on 2018 or 2019 tax returns. That means people who earned less in 2020 could be owed more money. Once they file their 2020 tax return that shows a lower income amount, the IRS will automatically send them an additional payment.

Separately, families that welcomed new children in 2020 could also be eligible for additional dependent payments.

As of last week, the government had sent out 130 million stimulus payments to those who qualify for the third round of checks approved by Congress in March.

The new payments are worth up to $1,400 per person

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People are making lots of money off ‘the big lie’ of US election fraud

Documentary filmmaker Ken Burns, known for expansive movies on quintessential American subjects like “Jazz” and “Baseball,” said in a new interview that former President Donald Trump and his allies have damaged the country by promoting the “big lie” of widespread election fraud — and worse yet, they’ve made money off of it. 

Burns said the media environment allows people to make significant amounts of money off of false public comments, and he contrasted such misinformation with his accurate and complex stories about major events and themes of American history.

“There are a lot of people out there making lots of

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Local business owners hope people continue to mask up

WICHITA, Kan. (KSNW) – This week, Sedgwick County lifted its mask mandate.

Shops, restaurants, and other businesses may be making the call on masks in their business. Now, Governor Laura Kelly does have the upper hand in this decision, but some business owners say they will continue to wear masks and social distance as much as they can during this time. They say at this point they would rather be safe than sorry.

“We are definitely going to continue making masks and everything,” said Brenden Koontz, T-shirt Kitchen manager.

“We have to do everything that we can to stop this

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Here’s Why So Many People Intend to Die With Money in the Bank

There’s a school of thought that you should spend down all your assets in retirement and “bounce the check to the undertaker,” as Michael Bloomberg, founder and majority owner of Bloomberg LP, our publisher, likes to say. But not many Americans subscribe to that school of thought. A fascinating survey from the Employee Benefit Research Institute explores how people feel about spending in retirement. It doesn’t fit with finance theory. “There’s just something we’re not getting quite right in understanding how people navigate retirement,” Lori Lucas, the president and chief executive officer of EBRI, said March 24 in announcing the

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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.

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

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