Share to Twitter Share to Linkedin Topline: The Senate passed the largest spending bill in its history late Wednesday night after six days of back and forth — a $2 trillion package that injects financial aid into all parts of the American economy — with one of the core tenets of the aid package direct cash payments to working Americans and here’s how that will work: The direct cash payments — originally proposed by GOP leadership and championed by Treasury Secretary Steve Mnuchin — are meant to help everyday Americans weather the coronavirus crisis and ignite a boost in spending. Under the Senate bill, American adults would receive a one-time direct deposit payment of $1200 each, and $500 per child (couples would receive $2400). The payments would begin to phase out for individuals making over $75,000 (the phaseout begins at $112,500 for heads of household and $150,000 for married couples) at a rate of $5 for every $100 in additional income … [Read more...] about Here’s How The Coronavirus Stimulus Checks Will Be Cut
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Agencies Istanbul, Turkey ● Thu, February 9, 2023 2023-02-09 13:31 0 d5259e4d93052b0e76bee70b050e2342 2 Middle East and Africa Turkey,Syria,earthquake,disaster,Recep-Tayyip-Erdogan,election Free The death toll from a huge earthquake that hit Turkey and Syria climbed to more than 16,000 on Thursday, as rescuers raced to reach survivors stuck under rubble in freezing weather. Officials and medics said 12,873 people had died in Turkey and 3,162 in Syria from Monday's 7.8-magnitude tremor, bringing the confirmed total to 16,035. Turkish President Tayyip Erdogan, who contests an election in May , said on a visit to the disaster zone on Wednesday that operations were now working normally and promised no one would be left homeless. Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather, and waited in anguish by piles of rubble where family and friends might still lie buried. The confirmed death toll … [Read more...] about Death toll rises to over 16,000 in Turkey, Syria quake
KT CEO Ku Hyeon-mo speaks during a New Year's greeting event held at the company's office in Songpa District, southern Seoul, on Jan. 2. [KT] KT decided to reopen the candidacy for its CEO post in a board meeting Thursday, restarting the candidate review process from scratch. This is the second time that the candidate selection process for the top post has restarted. The latest announcement came after the National Pension Service (NPS), the largest shareholder of KT, voiced opposition to the telecom company’s decision to select incumbent CEO Ku Hyeon-mo as the final and only candidate for the post in December. “The board of directors decided to restart the process for CEO appointment through an open competition,” said KT in a release Thursday. Ku is expected to contend with other competitors. The application window will be open from Friday to Feb. 20. Internal directors of the company will not take part in the candidate review, and information regarding the screening … [Read more...] about KT reopens its CEO candidacy. Again.
Hillary Clinton’s newest campaign promise to install half a billion solar panels across the country has been praised by liberal media outlets and environmentalists , but could this pledge end up benefiting China? On Sunday, Democratic presidential candidate Hillary Clinton promised to install half a billion solar panels by the end of her first term and get the U.S. to a point where it can generate enough green energy to power every home in the country. “Through these goals, we will increase the amount of installed solar capacity by 700% by 2020, expand renewable energy to at least a third of all electricity generation, prevent thousands of premature deaths and tens of thousands of asthma attacks each year, and put our country on a path to achieve deep emission reductions by 2050,” Clinton’s website boasts . While there’s no doubt U.S. companies and green energy interests would benefit from the “competitive grants and other market-based incentives” Hillary promises to … [Read more...] about Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?
Share to Twitter Share to Linkedin Topline Sen. John Fetterman (D-Penn.) has been hospitalized overnight after feeling lightheaded, his staff said in a statement late Wednesday, months after Fetterman suffered a stroke on the campaign trail that became a central focus of his midterms race. Key Facts Fetterman “began feeling lightheaded” at the end of a Senate Democratic retreat Wednesday, his communications director Joe Calvello said in a statement , and left to have his staff take him to The George Washington University Hospital. The senator is remaining overnight for observation. Initial tests did not show evidence of a stroke, Calvello said, but the hospital is performing additional tests. The senator is “in good spirits and talking with his staff and family,” Calvello said. Key Background Fetterman suffered a stroke in May 2022, days before his primary election. The senator returned to the campaign trail in August, but … [Read more...] about Sen. John Fetterman Hospitalized After Feeling ‘Lightheaded’ Months After Stroke
Share to Twitter Share to Linkedin Monica Desai Weiss is an investor at Silicon Valley venture capital firm Kleiner Perkins, where she focuses on fintech and blockchain. Previously, she led operations and strategy at digital wallet startup Blockchain and was a bond trader at JPMorgan. Forbes spoke with her about the past year in fintech and her top predictions for 2020. The conversation has been edited for brevity and clarity. Forbes: For fintech in 2019, what events or milestones stand out as the most important? Desai Weiss: There were a few big themes. Financial services incumbents took notice of fintech startups, and some parts of the fintech industry matured. There were several mergers and acquisitions around payment processors [like Fiserv acquiring First Data]—these companies are coming to terms with Stripe and Square’s success in payments. There was also a great reckoning around trading fees. Schwab, TD Ameritrade and Etrade all dropped their … [Read more...] about Five Fintech Predictions For 2020, According To Kleiner Perkins
Share to Twitter Share to Linkedin Topline: Less than three weeks after President Trump signed the historic CARES Act into law, it’s clear that the $2 trillion-plus emergency rescue spending plan won’t be enough to prop up the economy during the coronavirus crisis, and lawmakers are already preparing to pass another stimulus package. Here’s where things stand: Democratic leaders in the House and Senate are pushing for the quick passage of an interim emergency bill worth $500 billion to tide the economy over before the passage of a more extensive “CARES 2 Act,” but Republican aides have said a CARES follow-up is unlikely to happen before the end of the month; the GOP wants time to assess the results of the original CARES Act, according to The Hill . Meanwhile, Senate Majority Leader Mitch McConnell has said the Senate will vote on a different stopgap measure this Thursday: $250 billion in additional funding for the Paycheck … [Read more...] about Here’s Where Lawmakers Stand On The ‘Phase Four’ Stimulus Bill