Share to Twitter Share to Linkedin Topline The Federal Aviation Administration issued a safety alert Wednesday urging airlines to evaluate their safety procedures and communications, after a series of potentially devastating near-misses at multiple airports this winter caused FAA officials to reassess the air travel system. Key Facts There have been six runway incidents since the start of the year, including close calls involving a departing plane at John F. Kennedy Airport in New York and another at Austin-Bergstrom Airport involving a plane that was landing (none of the incidents resulted in fatalities). The recent spate of close calls doesn’t reflect an increase in the number of incidents, but the FAA warned the “potential severity of these events is concerning.” The FAA urged airline directors and pilots to use “all available internal communication systems and have all flight crews familiarize themselves with the “risks associated with … [Read more...] about FAA Urges Airlines To Review Safety Procedures After String Of ‘Concerning’ Near-Misses
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Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead
Share to Twitter Share to Linkedin When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping record of the Spring of 2020. While most of the population was able to find a way to get back to work eventually, the everyday routines of travel, dining out, and visiting friends and family were severely curtailed. Wallets stayed snapped shut. Since China executed its “COVID pivot” in late December 2022, economists have been scrutinizing the data to see if the country will be able to achieve its goal of 5% growth in 2023. If achieved, China will serve as an engine to help developed economies avoid tipping into recession. This is particularly relevant in the new era of higher interest rates, … [Read more...] about Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead
How Long Should You Keep Old Tax Returns?
Share to Twitter Share to Linkedin As we enter tax season 2023, you may wonder how long you should keep your old tax returns and other paperwork associated with filing your taxes. For those with hard copies of your taxes, you might wonder if you can scan them. Or do you need to keep hard copies? Keep reading as we share how long you should keep your old taxes and how to get them out of your way, hopefully. How long do you need to keep old tax records, receipts, and total tax returns (state and federal)? Another common question is how to safely store these tax docs without feeling like you are living like a hoarder. While providing tax-planning guidance over the years, I've met several people with countless boxes full of old receipts, documents, and tax returns. While some tax documents needed to be kept, most could have been shredded and thrown away long ago. What Does The IRS Say About Keeping Old Tax Returns? According to the Internal Revenue … [Read more...] about How Long Should You Keep Old Tax Returns?