It’s best to wait until you’re 70 to start receiving Social Security retirement benefits, even if it means tapping your retirement assets deep in a bear market. Why? Because the guaranteed and risk-free increase of 8% per year in the Social Security benefit is an unbeatable deal. And yet, in …
Read More »‘Federal accounts’ for everyone: with automatic and recurring payments caused by economic crises
Rich interests have thrived during the pandemic. The CARES Act authorized billions in expenses to support wealthy individuals and corporations. Most of the money was used to guarantee the liquidity of banks and hedge funds, back corporate balance sheets, and buy debt to save commercial loan markets. Overall, 82% of …
Read More »Race for a Covid-19 vaccine could have political side effects
As the Covid-19 crisis intensifies in the United States, the fight for an effective vaccine is about to collide with the electoral calendar. Pfizer (ticker: PFE) says it will seek authorization from the Food and Drug Administration for its Covid-19 vaccine starting in October. Meanwhile, the federal government’s Covid-19 vaccine …
Read More »Wall Street is optimistic about Dell’s spin-off of its VMware stake
Text size Denis Doyle / Bloomberg Analysts at JP Morgan and Morgan Stanley are optimistic about the announcement by Dell Technologies that it is considering a spin-off of its valuable 81% stake in VMware., It is now worth more than all of Dell’s market value. Dell shares (ticker DELL) rose …
Read More »Trump controls major environmental laws to speed up big projects
ATLANTA – President Donald Trump announced Wednesday that he is repealing a fundamental Nixon-era environmental law that says it stifles infrastructure projects, but is credited with preventing large construction projects from dirtying the environment and make sure there are public input on big projects. . “Together we are reclaiming the …
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