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Americans Are Suffering Record Pain At The Pump. Will Congress Provide Electric Vehicle Relief?

June 21, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Drivers across the United States are suffering unprecedented pain at the pump, with national average prices spiking above $5 per gallon . Fortunately an inflation-busting option is ready to go – modeling shows electric vehicles save drivers thousands per year compared to internal combustion engines in most states. But these consumer-protection economics hinge upon the U.S. Senate passing legislation that has languished for months after passing the House of Representatives. The existing $7,500 federal EV tax credit cap of 200,000 vehicles sold has been surpassed by GM and Tesla TSLA while Ford, Nissan, and Toyota will likely exceed it this year. Without those extremely valuable incentives, EVs and billions in annual savings will slip out of reach for many families. If the Senate passes reconciliation legislation extending the EV tax credit cap for automakers and increases the federal tax credit to $10,000, it will … [Read more...] about Americans Are Suffering Record Pain At The Pump. Will Congress Provide Electric Vehicle Relief?

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Biden asks Congress to pause gas tax to help lower record pump prices

June 23, 2022 by www.theedgemarkets.com

- A + A WASHINGTON (June 22): US President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices and provide temporary relief for American families this summer. "We can bring down the price of gas and give families just a little bit of relief," Biden said in a White House address. The president also urged States to temporarily suspend State fuel taxes, which are often higher than federal rates, the official said, and will challenge major oil companies to bring ideas on how to bring back idled refining capacity when they meet with his energy secretary on Thursday. Biden and his advisers have been discussing the issue for months amid increasing pressure to act as record-high gas prices weigh down the president's poll ratings and cast a dark cloud over Democrats' chances of retaining congressional power in November's elections. A suspension of the 18.4 cents per gallon federal … [Read more...] about Biden asks Congress to pause gas tax to help lower record pump prices

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Bruised US stock investors brace for more pain in 2H22

June 25, 2022 by www.theedgemarkets.com

- A + A NEW YORK (June 25): With US stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief or more of the same. By any stretch, the first half of 2022 (1H22) has been a challenging one for investors. The S&P 500 is down around 18% year-to-date, on track for its worst first half of any year since 1970, according to S&P Dow Jones Indices, as the US Federal Reserve (Fed) tightens monetary policy in its fight against the highest inflation in decades. Bonds, which investors typically count on to counterbalance stock declines in their portfolios, have fared little better: The US bond market, as measured by the Vanguard Total Bond Market Index fund, is down 10.8% for the year to date, putting it on pace for its worst performance in modern history. With investor expectations fluctuating between continued high inflation and an economic … [Read more...] about Bruised US stock investors brace for more pain in 2H22

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Time for Malaysians to feel good at spa and massage centres

October 23, 2021 by www.thestar.com.my

It has been almost a year since Doris Kwan last stepped into a spa centre. Before the pandemic, the housewife from Selangor would regularly go for traditional Thai massages to help alleviate muscle aches and headaches. “When I step into a spa centre, I can immediately feel my mind being put at ease,” she said. Kwan, who is in her late fifties, added that she enjoys the relaxing ambiance that is created through scent, music and water features at the venue. According to Kwan, the soothing music at spa centres transports her to a different location. “Sometimes I feel like I’m inside a forest or at a riverside. I really feel a sense of freedom from my daily stress,” she said. Kwan, who usually frequents spas with her husband, shared that going for a spa treatment allows her to have quality time with her spouse. Spas, wellness centres and massage centres are allowed to reopen after braving a long closure period. - Filepic Kwan is certainly looking forward to her next rest … [Read more...] about Time for Malaysians to feel good at spa and massage centres

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The Best Office Chairs To Support You While You Work

June 15, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The perfect desk chair for you is one that you don’t really notice during your workday, whether you’re working from home or in the office. Instead, it allows you to be productive and feel supported while you go about your tasks, wrapping up the day in comfort—not with back or neck pain. The best office chairs are designed with ergonomic features so you can stay comfortable, even when you have to be seated for long stretches. “The main features of ergonomic chairs are that they are supportive , highly adjustable and comfortable,” says Dr. Rahul Shah , a board-certified orthopedic spine and neck surgeon based in southern New Jersey. In a perfect world, you’d be able to customize the height and angle of your chair to find the position that’s just right for you. If you’re on a tight budget, though, you at least want a chair that allows you to adjust the arm support and height. To compile our list of the best office … [Read more...] about The Best Office Chairs To Support You While You Work

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Student Loan Cancellation: New York Times Says Canceling Student Loans For Everyone Is A ‘Bad Idea’

May 15, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The New York Times editorial board says that canceling student loans for everyone is a “bad idea.” Here’s what you need to know — and what it means for your student loans . Student Loans In a major blow to supporters of wide-scale student loan cancellation, the New York Times editorial board officially opposes student loan forgiveness for all borrowers. Among the highlights of the new editorial: The burden of student loan debt is “crushing” and has caused “lasting, generational damage on the lives of millions of Americans”; However, if President Joe Biden enacts wide-scale student loan cancellation through an executive order, it would be “ legally dubious , economically unsound, politically unfraught, and educationally problematic”; Rather than cancel student loans for everyone, the Biden administration should make higher education more affordable and help student loan borrowers who are the … [Read more...] about Student Loan Cancellation: New York Times Says Canceling Student Loans For Everyone Is A ‘Bad Idea’

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5 Huge Changes To Student Loans

June 23, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Here are 5 huge changes to student loans, but details remain unclear. Here’s what you need to know — and what it means for your student loans . Student Loans As President Joe Biden decides his next move regarding student loans, there is good news on the horizon for student loan borrowers. Biden has committed to fixing student loans, including changes to student loan forgiveness and student loan repayment. In some cases, details remain sparse. However, in other instances, there is a clear path to welcomed improvements. Here are 5 huge changes to student loans that you can expect soon: 1. Student loan forgiveness: more borrowers will qualify Biden has canceled $25 billion of student loans since becoming president. While Biden has focused on targeted student loan cancellation, he has committed to ensuring that more student loan borrowers can get access to student loan forgiveness. Who are the big winners from … [Read more...] about 5 Huge Changes To Student Loans

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Education Department Cancels $6 Billion Of Student Loans For 200,000 Borrowers

June 23, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The U.S. Department of Education has agreed to cancel $6 billion of student loans for 200,000 student loan borrowers. Here’s what you need to know. Student Loans The Biden administration is continuing its commitment to cancel student loans for millions of student loan borrowers. As part of a settlement agreement in a class-action lawsuit , Sweet v. Cardona , the Education Department will provide full student loan cancellation to approximately 200,000 student loan borrowers who were misled by their college or university. Borrowers will also get a refund of student loan payments made and deletion of any related negative marks on their credit report. It’s a major win for student loan borrowers who have been seeking student loan relief for several years. The announcement comes at a critical juncture as President Joe Biden considers wide-scale student loan forgiveness for millions of student loan borrowers. The … [Read more...] about Education Department Cancels $6 Billion Of Student Loans For 200,000 Borrowers

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These renters were hit hardest by the pandemic and they’re still struggling

June 17, 2022 by edition.cnn.com

(CNN) Millions of people struggled to pay their rent during the pandemic. But that hardship fell disproportionately on renters of color, those living with children and people renting in the South, according to an exclusive new report from the Center on Budget and Policy Priorities. The number of renters that fell behind on rent peaked at 15 million in January 2021, the report showed. Since then, federal aid programs -- including billions of dollars in rent relief and an eviction moratorium -- plus a recovering economy, have reduced that number. But there remained 10.4 million renters who said they are not caught up on rent as of March, according to CBPP. By September 2020, 55% of all adult renters reported a loss of income due to the Covid-19 pandemic, but for Latino and Black renters the share was even higher, at 65% and 57% respectively. Ultimately, those renters were put at risk of eviction and homelessness, spurring the federal government to take unprecedented … [Read more...] about These renters were hit hardest by the pandemic and they’re still struggling

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Lawsuit: Student Loans Haven’t Been Canceled After 6 Years

May 22, 2022 by www.forbes.com

Share to Twitter Share to Linkedin They’ve been waiting for student loan forgiveness, even though they qualified 6 years ago . Here’s what you need to know — and what it means for your student loans . Student Loans A group of student loan borrowers filed a new, major lawsuit against the U.S. Department of Education alleging they have been waiting six years to get student loan forgiveness. Student loan forgiveness: the allegations In November 2016, the Illinois Attorney General filed a group borrower defense to repayment application with the U.S. Department of Education on behalf of defrauded students who attended Westwood College’s criminal justice program in Illinois. Borrower defense to repayment is one strategy to get student loan forgiveness for your federals student loans if your college or university closed or misled you. After filing the group application, the State of Illinois and Westwood reached a settlement to cancel … [Read more...] about Lawsuit: Student Loans Haven’t Been Canceled After 6 Years

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