Congress Isn’t Finished Coming After Your Retirement Money And Estate
Getty gettyThe Biden administration and Congress plan to spend a lot more money in 2021 and beyond. In 2019 when Congress needed money to pay for the retirement plan tax breaks created in the Setting Every Community Up for Retirement Enhancement (SECURE) Act, it eliminated the Stretch IRA. Now, the congressional leaders who sponsored the SECURE Act have proposed another set of retirement plan enhancements that are known generally as the SECURE Act 2.0. These after-tax contributions can be rolled over to a Roth IRA, allowing a large Roth IRA to be built up over time. The retirement plan proceeds could be converted into a Roth IRA, permanent life insurance, a charitable trust or more.
Source:Forbes
April 19, 2021 14:03 UTC
Matthew McConaughey, governor of Texas? Voters seem all right with the idea, a poll found.
A new poll may put some wind in the actor Matthew McConaughey’s sails as he considers whether to run for governor of Texas. Forty-five percent of the state’s voters said that they would vote for Mr. McConaughey if he were to challenge Gov. Greg Abbott next year, according to the poll, conducted by The Dallas Morning News and the University of Texas, Tyler. But such highly theoretical questions can sometimes produce wonky results, especially this far in advance of any actual campaigning. That’s doubly true when the hypothetical involves a figure with name recognition as high as Mr. McConaughey’s, particularly in his home state.
Source:New York Times
April 19, 2021 13:52 UTC
For Whiskey and Nature Lovers: Support Land Conservation With These 2 Bottles
Now, if you love whiskey, and love nature (or even if you just love whiskey and like helping and/or need Mother’s and Father’s Day gift ideas), bottles from Wyoming Whiskey and High West make it possible to drink well and give back to the land. They are the inspiration behind Wyoming Whiskey’s Wide-Open Spaces Collection, which also includes a National Parks Limited Edition American Whiskey. For every bottle sold, Wyoming Whiskey will donate $5 to the National Park Foundation. “Grand Teton National Park and Yellowstone have provided world class recreational opportunities that have helped define who I am,” says David DeFazio, Co-Founder of Wyoming Whiskey. Wyoming Whiskey National Parks Foundation charity bottle ©2021TODDWILLIAMSUSA.COMFord will be on hand to celebrate the collection and the National Parks Whiskey with a live virtual auction on April 20.
Source:Forbes
April 19, 2021 13:47 UTC
Looking Back On 25 Years At Angell Gallery
Jamie Angell, owner and director of Angell Gallery Canada, located on Queen St. West ... [+] poses in front of one of his favorite pieces of art currently in the gallery. As the owner of Angell Gallery in Toronto, the space just celebrated its 25 year anniversary. TORONTO, ON - JULY 15: Jamie Angell of Angell Gallery outside his new gallery space on Dupont Street ... [+] on July 15, 2015. photos on street and in Angell Gallery. They have to be involved in the community, because that’s how things happen.”Check out the Angell Gallery website and on Instagram.
Source:Forbes
April 19, 2021 13:18 UTC
8 Key Questions Texas Power Providers Should Be Asked At Tuesday’s Hearing
AUSTIN, TX - FEBRUARY 17, 2021: A sign states that a Fiesta Mart is closed because of a power outage ... [+] in Austin, Texas on February 17, 2021. Just 6 weeks left for policymakers to decide what, if any reforms they will make to how the Texas power grid functions after it failed Texans so miserably during the arctic freeze in mid-February. The generators continue to tell legislators that they should let the free market system that the de-regulated Texas grid is based on work. Unfortunately, these questions have not been asked or answered in previous hearings on the matter. Tuesday would be a good time to start asking the right questions and demanding direct, substantive answers to them.
Source:Forbes
April 19, 2021 13:07 UTC
Saving Investors From Meme Stocks: AMC Entertainment (AMC)
My firm offers research that shows when meme stocks’ valuations get crazy, and investors should sell or stay away. This week, I focus on AMC Entertainment AMC and put it in the Danger Zone. Meme Stock #2: AMC Entertainment Holdings: Danger Zone at Any PriceAMC is not worth owning at any price, barring a drastic change to its business model. Figure 4 compares AMC Entertainment’s historical revenue and share of the global box office to its implied revenue and share of the 2030 projected global box office for this scenario. Figure 5 compares AMC Entertainment’s historical revenue and share of the global box office to its implied revenue and share of the 2030 projected global box office for this scenario.
Source:Forbes
April 19, 2021 12:56 UTC
Few corporate PACs donated to Republicans who challenged the election, filings show.
After the Jan. 6 riot at the Capitol, scores of companies vowed to pause their political donations. Some stopped giving to all politicians, while others shunned only those 147 Republicans who had voted to overturn the presidential election results. A recent deadline for candidates to release fund-raising details for the first quarter revealed more details about how corporate giving has changed. Only a handful of corporate political action committees gave to the Republican objectors in the first three months of the year. Toyota gave to more than a dozen of the Republicans who voted against certifying the election results.
Source:New York Times
April 19, 2021 12:56 UTC
Introducing ‘The Times: Daily news from the L.A. Times’
Hey, what’s up? I’m Gustavo Arellano, the host of a daily news podcast that will bring you the world through the eyes of the West Coast. It’s called “The Times: Daily news From the L.A. Times.”Expect award-winning reporting, hard-hitting investigations, and random randomness, from the biggest newspaper west of the Mississippi right to your ears. So join me every weekday with “The Times: Daily news From the L.A. Times.” Our first episode premieres May 3. To listen and subscribe for free, find us on Apple Podcasts, Stitcher, Spotify or anywhere you get your podcasts.
Source:Los Angeles Times
April 19, 2021 12:55 UTC
Photos: The scene after a gunman kills 3 in Austin
The former law enforcement officer suspected of gunning down three people Sunday in Austin has been captured after a 20-hour manhunt, according to the Associated Press. Authorities tracked down Stephen Nicholas Broderick, 41, an ex-detective at the Travis County Sheriff’s Office, early Monday after getting two 911 calls about a man walking along a road in the Austin suburb of Manor. He had a pistol in his waistband but was taken into custody without any further violence, the AP reported.
Source:Washington Post
April 19, 2021 12:54 UTC
Guidance on Johnson & Johnson vaccine could come in days with some restrictions, US surgeon general says
US Surgeon General Dr. Vivek Murthy told CNN he anticipates that updated guidance on the Johnson & Johnson vaccine could come in "days" and it may involve “restrictions around age or gender” depending on what the data shows. It will require the US Food and Drug Administration and Center for Disease Control and Prevention to "come together and make that decision," he added. Some background: The CDC and FDA recommended that the United States pause the use of the vaccine over six reported US cases of a "rare and severe" type of blood clot. He emphasized that the pause will not impact the vast majority of the people who have received the J&J vaccine. "The more than 7 million people, who have gotten the vaccine, will be fine," he said Monday.
Source:CNN
April 19, 2021 12:35 UTC
Writing for the Chinese Diaspora
The past year has been momentous for so many reasons it’s hard to even begin to describe them. Among them is the Chinese diaspora. Today, I’m excited to introduce Rong Xiaoqing, a journalist who each Friday will write a revamped version of The New York Times’s Chinese-language newsletter. (The rest of the week, the Chinese Daily Briefing will highlight the best of our journalism in Chinese.) Here’s our conversation:First, tell us a little bit about the new newsletter — who will it be geared toward and what can subscribers expect?
Source:New York Times
April 19, 2021 12:33 UTC
Here’s how to watch the closing arguments in the Derek Chauvin trial.
The trial of Derek Chauvin in the death of George Floyd is unusual for many reasons: It is being livestreamed from Minneapolis, attendance is severely limited because of the coronavirus and the public’s interest in the case may make this one of the highest-profile trials in recent memory. Closing arguments are expected to begin around 10 a.m. Eastern on Monday and can be watched on nytimes.com, via a livestream provided by Court TV, which is also airing the trial in full. Afterward, the jury will begin to deliberate over the verdict.
Source:New York Times
April 19, 2021 12:22 UTC
GameStop CEO George Sherman is stepping down, sending the stock soaring
New York (CNN Business) It's game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found. Sherman, a veteran retail executive who has only been CEO of GameStop since April 2019, inherited a tough job when he took over two years ago. GameStop became the quintessential meme stock in January, as social media fans battled hedge funds who were betting the stock would go down. Lawmakers on Capitol Hill even held hearings about the stock's surge and how it was handled by online trading giant Robinhood.
Source:CNN
April 19, 2021 12:22 UTC
Indian railroad worker saves child from oncoming train
(CNN) Hair-raising footage released Monday shows the moment an Indian railroad employee rushed to save the life of a child who had fallen onto the tracks. The CCTV video, posted to Twitter by India's Ministry of Railways , showed a station worker at Vangani Station in Mumbai sprinting to rescue a child as an oncoming train sped towards them. A Good Samaritan:At Vangani station of Central Railway, Pointsman Mr. Mayur Shelkhe saved the life of a child just in the nick of the time. He risked his life to save the life of the child. pic.twitter.com/V6QrxFIIY0 — Ministry of Railways (@RailMinIndia) April 19, 2021The worker lifted the child onto the platform moments before the train would have hit.
Source:CNN
April 19, 2021 12:22 UTC
Faltering vaccine supplies in India is bad news for the world
India typically produces more than 60% of all vaccines sold globally, and is home to the Serum Institute of India (SII), the globe's largest vaccine maker. Through it all, vaccine supplies have dried up on the ground, with at least five states reporting severe shortages and urging India's federal government to act. Here's what else to know about Covid-19 vaccines. Doctors home in on cause of blood clots potentially linked with Covid-19 vaccinesDoctors are zeroing in on the cause of blood clots that may be linked with certain coronavirus vaccines. If vaccination can cause the condition, it would be important to recognize that and treat it appropriately -- because the usual treatment for blood clots is not recommended for VITT.
Source:CNN
April 19, 2021 12:09 UTC