May 2, 2021

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Florida lawmakers put brakes on ‘No Fault’ auto insurance

TALLAHASSEE — Florida motorists are one step closer to no longer having “no fault” auto insurance, after lawmakers Friday approved ditching the decades-old system and its requirement of carrying personal-injury protection coverage.

The House and Senate signed off on a heavily negotiated bill (SB 54) in the closing hours of the 2021 legislative session. If the bill is signed by Gov. Ron DeSantis, the requirement for carrying so-called PIP coverage would end and motorists would need to have bodily-injury coverage.

“You may not like every bit of this bill, but, you know, Florida’s got to do something about their car

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Forget Meme Stocks. Put Your Money Here Instead

Like it or not, social media has the potential to influence a lot of people — but that doesn’t mean you should let it dictate how you invest your money. These days, there’s a lot of buzz about meme stocks — companies that have gained notoriety due to internet popularity.

GameStop (NYSE:GME), for example, blew up the internet earlier in the year when a bunch of Reddit users drove its share price upward, resulting in a world of pain for the hedge funds that got stuck in a short squeeze. But tempting as it may be to invest in

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Investors have put more money into stocks in the last 5 months than the previous 12 years combined

Traders work on the floor of the New York Stock Exchange.

NYSE

The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.

That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.

At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%

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Gulfport’s Tuesday market helps put vendors back in business

Gulfport’s Tuesday markets have always been busy.

“So, it’s just sort of become the heart of Gulfport, you know, one of our big our weekly events that we have, and it just kind of the heartbeat of our town,” explains Victoria Ann Wenners, cook chef at the Gulfperk Coffee Shop.

But, in March of 2020 they abruptly stopped, like much of everything else.

“I was a self employed vendor who did shows like this. I did Renaissance fairs and large music festivals and whatnot. So my industry went completely dark. And I lost my my business of 20 years, to

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Florida’s voting changes bill could put personal info at risk, Republican election supervisor warns

TAMPA, Fla. (WFLA) — As GOP state lawmakers move forward with sweeping election changes in Florida, elections supervisors – even those who are also Republicans – are alarmed. One tells 8 On Your Side the proposed bill puts your personal information at risk and makes it harder to vote.

Florida had a smooth election in 2020. Still, GOP lawmakers say they want to make a good thing even better. Their proposed bill, which a Florida House panel approved Monday, changes our state’s voter registration process, vote-by-mail system, monitoring requirements for drop boxes and more.

Proponents say they want to increase

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I’m 73, single and work part time, should I put money into an IRA?

Q: I am 73 and single. Looking at my taxes for 2020, I think I can save a few bucks by putting money in an IRA. I don’t have a 401(k) or anything like that, and make some money working part time so if I understand it, I can make a deductible IRA contribution now. Is that true? Is that smart?

— Gene in Mobile

A.: Gene,

Working seniors, regardless of their age, have always been able to contribute to a Roth IRA if their income was within certain limits but if over age 70½, they could not contribute to

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