The vast majority of emissions cuts from electric cars will be wiped out by new road-building, a report says. The government says vehicle emissions per mile will fall as zero-emissions cars take over Britain’s roads. But the report says the 80% of the CO2 savings from clean cars will be negated by the £27bn planned
Determine how much money you need to meet your needs and be happy in retirement. Getty “To be comfortable in retirement, you need a retirement income that equals 70% to 80% of your gross, pre-retirement salary.” I hear that rule of thumb mentioned frequently by retirement advisers, and I often see it in the publications
Benjamin M. Willis, contributing editor with Tax Notes Federal, and William D. Alexander, of counsel of tax at Skadden, Arps, Slate, Meagher & Flom LLP, discuss tax guidance and step transaction. Here are a few highlights . . . On the IRS’s private letter ruling program William Alexander: [PLRs are] not as efficient as writing regulations or
California has the highest rent gap to close in order to keep cost-burdened tenants housed in the … [+] next six months, according to an analysis by UrbanFootprint. Getty As housing advocates across the U.S. brace for what they predict to be a spike in evictions this summer, when government protections are set to fade
Naya Rivera attends the Women’s Guild Cedars-Sinai Annual Luncheon at Regent Beverly Wilshire Hotel on November 06, 2019 in Beverly Hills, California. Axelle/Bauer-Griffin Authorities are searching a Southern California lake for “Glee” actress Naya Rivera, after her 4 year-old son was found alone in a boat she had rented Wednesday. The 33-year-old had been boating
A customer views merchandise for sale at a Walgreens store in the Hollywood neighborhood of Los Angeles. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance said Thursday its fiscal third quarter results were hurt by fewer people going to the doctor and getting prescriptions and by higher costs during the pandemic. The drugstore chain
A woman wearing a face mask walks past the closed Arlington Cinema and Drafthouse movie theater amid the coronavirus pandemic on May 14, 2020 in Arlington, Virginia. Photo by OLIVIER DOULIERY/AFP via Getty Images The number of Americans filing for unemployment benefits over the last four months is worse than any other time in modern
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The number of apartments listed for rent in Manhattan reached record levels in June, as brokers remained unable to host showings amid the coronavirus pandemic and more renters left the city, according to a new report. There were more than 10,000 apartments listed on
Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least $1 million in balances if they want to refinance a jumbo mortgage, up from a previous level of $250,000, according to people with knowledge of
EQT Ventures, the Stockholm-headquartered venture capital firm that invests in Europe and the U.S., is losing founding partner Hjalmar Winbladh, TechCrunch has learned. Rumours that he was leaving the “multistage, sector-agnostic” VC fund that he helped launch in 2016, begun circulating within the European startup ecosystem last week, with multiple sources telling TechCrunch that Winbladh
Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images Another batch of one-time stimulus checks could be coming. But this time, far fewer Americans could get paid. President Donald Trump has made it clear that he wants to include
Desperate times can call for desperate measures. Your first step when borrowing money to pay your bills should always be to look inward, according to Winnie Sun, a financial advisor. Sun, co-founder of Sun Group Wealth Partners in Irvine, California, said she calls the practice “profit-shopping.” The idea is simple. You go through every item
Some of the dirty air associated with vehicles seems to be creeping up again as the UK eases itself out of lockdown. The latest data acquired by the EU’s Sentinel-5P spacecraft, which was built in the UK, suggests levels of nitrogen dioxide are rising in the big cities. Comparing locked-down May with June, when restrictions
Earlier this month, Spanish early-stage venture capital firm K Fund officially launched its second fund, which sits at €70 million, up from €50 million the first time around. Targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first checks in 25-30 companies. Meanwhile, a portion
The US Supreme Court has ruled that President Trump’s financial records can be examined by prosecutors in New York. In a related case, the court ruled that this information did not have to be shared with Congress. Mr Trump is the first president since Richard Nixon in the 1970s not to have made his tax
Amie, a new productivity app from ex-N26 product manager Dennis Müller, has picked up $1.3 million in pre-seed funding to “kickstart” development and hiring. Backing 23-year-old Müller is Creandum — the European VC best known for being an early investor in Spotify — along with Tiny.VC and a plethora of angels. They include Laura Grimmelmann
We begin with the growth process for the guaranteed benefit base during the deferral or accumulation period before distributions begin. This growth is important because it is subsequently used to determine the amount of guaranteed lifetime income provided by the annuity. The deferral period can be skipped if the retiree wants lifetime distributions to begin
Economic Security Planning, Inc. Today’s column addresses questions about whether dependent benefits are affected by the earnings test, how delayed retirement credits for retroactive benefits are calculated and how repayments of overpayments are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
Mortgage applications are going strong Getty The pause in mortgage applications as the Covid epidemic took hold is looking like a mere blip in the distant past as buyer activity surges, according to the latest weekly data numbers. The Mortgage Bankers Association weekly report shows purchase applications rose 33% compared to this week last year,
Singaporeans have a growing appetite for plant-based meat substitutes. In fact, demand for products from companies like Beyond Meat, Impossible Foods and Quorn have grown during the pandemic, partly because consumers are making more health-conscious decisions, according to the Straits Time. Now there is a new entrant to the market. Headquartered in Singapore, Karana announced
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