At the state level in New York, lawmakers are also considering a 90-day rent freeze, which would go further than the existing moratoriums on rent and mortgages in the state, allowing tenants to stop paying rent while providing relief for landlords. “Tenants who don’t have income are obviously not going to be paying rent,” state senator Michael Gianaris, who introduced the bill, told New York Magazine. “Whether we put some kind of regulatory structure around it or not, we have to recognize the reality on the ground.” Gianaris is working to try to pass the bill immediately, though it’s not clear how quickly it can happen. … [Read more...] about How are people supposed to pay April rent if they lost their jobs due to coronavirus?
Paint job 2009 honda civic
Q: Why save when banks are paying low interest rates?A: The main point of an emergency cushion isn’t to earn big returns; it’s to have a reserve to cover necessary costs, until things — hopefully — turn around. Some credit unions, including Affinity in Basking Ridge, New Jersey, and Canvas in Englewood, Colorado, offer “reverse tier” savings accounts, which pay higher interest rates on low balances to encourage saving. (Most banks offer higher rates on bigger balances, to attract deposits.) At Affinity, for example, you can earn 2% on balances below $2,500.Q: Can I take a loan or hardship withdrawal from my 401(k)?A: Many companies allow hardship withdrawals or loans from 401(k) retirement plans, but doing so puts your long-term retirement savings at risk. Hardship withdrawals don’t have to be paid back but are taxable as income and may result in penalties. Loans aren’t taxable but must be repaid, and they can be risky because if you … [Read more...] about Coronavirus | How to build an emergency fund in the middle of an emergency
Cuomo also lays out data to respond directly to recent lobs from President Trump, who questioned New York’s need for 30,000 to 40,000 ventilators. Alongside the slide headline: “Question: Do you really need 30k ventilators?” “Answer: Numbers – Data – Science say: 140,000 hospital beds. 30,000 ICU/ventilators at apex. Ventilators cost about $25k – $45k each.” Cuomo explained that the state is preparing for that aforementioned apex—the height of public need—based on data. And with a price tag of up to $45,000 each, “I have no desire to procure more ventilators than we need.” In the age of misinformation, Cuomo is attempting to combat fiction with fact. … [Read more...] about The real star of Andrew Cuomo’s press briefings? His PowerPoints
Coronavirus impact | Energy firms receive force majeure notices from customers: Report Coronavirus pandemic | Thyrocare CEO Velumani says logistics is the biggest challenge for COVID-19 test kit suppliers Coronavirus pandemic: This is how India is trying to overcome ventilator shortage … [Read more...] about Siemens Gamesa bags contract for project in Brazil
Insurers offering cyberrisk policies, which can cover ransomware and other types of digital attacks, look to offer emergency response services to their customers dealing with high tech disruptions, even if the problems are spotted in the middle of the night. The “quickly growing” cyberinsurance market is currently worth about $3.1 billion per year, according to a report from the National Association of Insurance Commissioners. They can put their clients in touch with experts and potentially cover the costs of responding to the attack, whether that means recovering data, notifying customers or, if need be, even paying ransom. … [Read more...] about When hackers kidnap their data, companies are increasingly using ‘breach coaches’ and negotiators