The accountant shortage is squeezing local governments
The accountant shortage significantly impacts local governments, especially in public finance, with long-term effects on community services.
If you haven't started saving for retirement in your 40s, there's still hope - but you need to follow these steps
Gen X faces significant retirement challenges with high debt and low savings, highlighting a need for informed financial planning.
Council Post: Three Lessons Learned From Starting A Business In The Great Recession
Starting a business during tough economic times can redefine personal success and fulfillment.
A blend of naivety and determination can lead to unexpected achievements.
What Kalamazoo (Yes, Kalamazoo) Reveals About the Nation's Housing Crisis
Michigan's housing crisis showcases a national shift from surplus to critical shortage, affecting affordability for middle-income Americans.
Is It Even Possible to Become More Productive?
The impact of the Great Recession on job choices
Struggles of young workers during economic downturn
Zachary Pace on the Push and Pull of Working in Publishing as a Writer
The author idolized their aunt who worked in book publishing and aspired to follow in her footsteps.
The author faced challenges in pursuing a career in publishing, including the impact of the Great Recession.
National Poetry Month Day 28: Tarik Dobbs
National Poetry Month Day 28: Tarik Dobbs Not an Exit I was seventeen interning at a natural gas line, I smelled Like shit, frankly, I washed myself in sanded Paper, that textured soap - it looked Like dotted rosacea.While I stared at my palm, I F-350'd Someone's sedan in the parking lot.They never called To claim the cash I offered to help and I still worried.
Silicon Valley Bank: Now what? How Northern California wine is faring after the fallout
Siduri Wines and Clarice Wine Company founder Adam Lee was on a plane, midair over New Orleans last week, when he heard the news that his bank of 26 years was in trouble.But it wasn't anger or fear that gripped him.Yes, he was nervous.He had a $70,000 balance with Silicon Valley Bank, the leading bank for California wineries, which collapsed Friday, creating the biggest bank failure since the Great Recession in 2008.
Hispanic homeownership rate rose to 48.6% in 2022
Despite affordability challenges, the Hispanic homeownership rate reached 48.6% in 2022, the eighth consecutive year of growth.Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP) said in its 2022 state of Hispanic homeownership report on Tuesday.
1 Stock I Own and Will Buy More of No Matter What Happens With the Stock Market | The Motley Fool
Last year was a hard one for investors.The and the tech-heavy Nasdaq Composite Index lost 19% and 33%, respectively, in 2022, marking their worst annual performances since 2008, when the global economy was being ravaged by the Great Recession.This year is off to a better start: Both indexes were up nicely in January.
As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security
Wages captured by Social Security taxes hit a record low in 2021 due to increasing inequality, a new analysis finds.Tetra Images / Getty Images New research shows that the proportion of wages that were subject to Social Security taxes hit a record low in 2021, as income inequality has skyrocketed and those receiving the highest incomes are paying proportionally even less into Social Security funds.
Study: IE Has the State's Wildest Home-Price Swings
(Getty) The market with the biggest seesaw for home prices in California is the Inland Empire.The region making up Riverside and San Bernardino counties is home to the state's largest swings in home values, according to an Orange County Register study.The Register tallied annual changes in home values in seven big California markets, as calculated by Federal Housing Finance Agency indexes since 1978.
Op-ed: We need our city workers more than ever * Brooklyn Paper
New Yorkers in the five boroughs rely on city workers.Some of these dedicated public servants educate children, clean and maintain roadways, protect lives and property, inspect buildings or connect and counsel those looking for work, to start a business or to get back on their feet.These services are essential, and provided by over 300,000 employees, serving the largest municipal workforce in the nation.
Silicon Valley Bank: Now what? How Northern California wine is faring after the fallout
Siduri Wines and Clarice Wine Company founder Adam Lee was on a plane, midair over New Orleans last week, when he heard the news that his bank of 26 years was in trouble.But it wasn't anger or fear that gripped him.Yes, he was nervous.He had a $70,000 balance with Silicon Valley Bank, the leading bank for California wineries, which collapsed Friday, creating the biggest bank failure since the Great Recession in 2008.
Hispanic homeownership rate rose to 48.6% in 2022
Despite affordability challenges, the Hispanic homeownership rate reached 48.6% in 2022, the eighth consecutive year of growth.Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP) said in its 2022 state of Hispanic homeownership report on Tuesday.
1 Stock I Own and Will Buy More of No Matter What Happens With the Stock Market | The Motley Fool
Last year was a hard one for investors.The and the tech-heavy Nasdaq Composite Index lost 19% and 33%, respectively, in 2022, marking their worst annual performances since 2008, when the global economy was being ravaged by the Great Recession.This year is off to a better start: Both indexes were up nicely in January.
As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security
Wages captured by Social Security taxes hit a record low in 2021 due to increasing inequality, a new analysis finds.Tetra Images / Getty Images New research shows that the proportion of wages that were subject to Social Security taxes hit a record low in 2021, as income inequality has skyrocketed and those receiving the highest incomes are paying proportionally even less into Social Security funds.
Study: IE Has the State's Wildest Home-Price Swings
(Getty) The market with the biggest seesaw for home prices in California is the Inland Empire.The region making up Riverside and San Bernardino counties is home to the state's largest swings in home values, according to an Orange County Register study.The Register tallied annual changes in home values in seven big California markets, as calculated by Federal Housing Finance Agency indexes since 1978.
Op-ed: We need our city workers more than ever * Brooklyn Paper
New Yorkers in the five boroughs rely on city workers.Some of these dedicated public servants educate children, clean and maintain roadways, protect lives and property, inspect buildings or connect and counsel those looking for work, to start a business or to get back on their feet.These services are essential, and provided by over 300,000 employees, serving the largest municipal workforce in the nation.
A lawsuit picks a bone with Buffalo Wild Wings: Are 'boneless wings' really wings?
Rick Diamond/Getty Images for Buffalo Wild Wings Can a "boneless chicken wing" truly be called a wing?That's the question posed by a new class-action lawsuit filed last week in federal court by a Chicago man who purchased a round of boneless wings in January at a Buffalo Wild Wings in Mount Prospect, Ill.
After a steep fall, used car prices poised to rise again
The price of used cars has been falling steadily, and steeply, for much of the last year.Unfortunately for car buyers, that could be about to change.Wholesale prices for used cars being sold at auction have risen sharply in the last few weeks, according to industry data.Higher retail prices on used car dealer lots are likely to be close behind.
Lord, We Are Doing the Double Down Again
The Double Down was meant to sound like a prank.KFC first announced the sandwich, featuring bacon, cheese, and sauce held between two fried chicken filets, on April Fool's Day in 2010.It was real and went on to become legendary in its absurdity and decadence.Now it seems almost quaint - more extravagant meals can be built at basically every fast-food chain.
Turbulent Times For Independent Boston Real Estate Offices Boston Condos For Sale Ford Realty
Covering the Boston condo for sale market is never just about the bricks and mortar - it's about the personalities at the center of the wheeling and dealing.The beginning of the year is an opportune time to pull back the curtain on the turbulent times in the survival of Boston independent real estate offices.
Being mayor is different from being a legislator. But Bass has shined in every political job
Back when she was a legislative leader, one rare quality that impressed me about Karen Bass was her candor in admitting ignorance about a complex subject.Usually, politicians will try to fake their way through answering a reporter's question involving an issue they don't know squat about.Or if they do assert that more thought is needed, it's often because they're afraid to say what's really on their mind.
A lawsuit picks a bone with Buffalo Wild Wings: Are 'boneless wings' really wings?
Rick Diamond/Getty Images for Buffalo Wild Wings Can a "boneless chicken wing" truly be called a wing?That's the question posed by a new class-action lawsuit filed last week in federal court by a Chicago man who purchased a round of boneless wings in January at a Buffalo Wild Wings in Mount Prospect, Ill.
After a steep fall, used car prices poised to rise again
The price of used cars has been falling steadily, and steeply, for much of the last year.Unfortunately for car buyers, that could be about to change.Wholesale prices for used cars being sold at auction have risen sharply in the last few weeks, according to industry data.Higher retail prices on used car dealer lots are likely to be close behind.
Lord, We Are Doing the Double Down Again
The Double Down was meant to sound like a prank.KFC first announced the sandwich, featuring bacon, cheese, and sauce held between two fried chicken filets, on April Fool's Day in 2010.It was real and went on to become legendary in its absurdity and decadence.Now it seems almost quaint - more extravagant meals can be built at basically every fast-food chain.
Turbulent Times For Independent Boston Real Estate Offices Boston Condos For Sale Ford Realty
Covering the Boston condo for sale market is never just about the bricks and mortar - it's about the personalities at the center of the wheeling and dealing.The beginning of the year is an opportune time to pull back the curtain on the turbulent times in the survival of Boston independent real estate offices.
Being mayor is different from being a legislator. But Bass has shined in every political job
Back when she was a legislative leader, one rare quality that impressed me about Karen Bass was her candor in admitting ignorance about a complex subject.Usually, politicians will try to fake their way through answering a reporter's question involving an issue they don't know squat about.Or if they do assert that more thought is needed, it's often because they're afraid to say what's really on their mind.
What's a bank run? The 10 moves that led to Silicon Valley Bank's astonishing fall
Silicon Valley Bank's astonishing fall Friday began when its customers rushed to draw down their accounts all at once a destabilizing event known as a bank run.The bank provided financing for almost half of US venture-backed technology and health care companies.It was the largest failure of a US bank since Washington Mutual in 2008, during the Great Recession.
Four states and Washington, D.C. record annual home equity declines
Despite the housing market cool down, homeowners with mortgages, which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic.On average, U.S. homeowners with mortgages gained $14,300 in equity, a jump of 7.3%, from Q4 2021 to Q4 2022.
16 million households lose Covid-era boosts to food aid. 3 charts show who will hurt the most
This month, an estimated 16 million households receiving SNAP benefits in 32 states and Washington, DC, will see their benefits decrease by at least $95 monthly, according to estimates from the Center on Budget and Policy Priorities, a left-leaning research and policy institute.On average, recipients will lose between 30% and 40% of their SNAP benefits, said Diane Whitmore Schanzenbach, an economist at Northwestern's Institute for Policy Research.
Used car prices drop, but buyers still facing sky high interest rates and tight inventory
After more than a year of overheated prices, the used-car market cooled by several degrees in December.The trend brings some relief to car buyers.But inventories have yet to reach pre-pandemic levels, and consumers still miss the buying power they had in 2019.While experts say this year's used-car market will continue to improve, consumers need to have realistic expectations of what car buying will look like in 2023.
Rise in gig work during a recession unlikely with hot labour market, say economists | CBC News
Economists say the expected economic slowdown in 2023 may not result in higher levels of gig work, unlike past recessions when levels of contract work and self-employment spiked.They say the tight labour market, combined with a changing workforce and stubborn inflation, will make a possible recession this year different from those that preceded it.
The Crypto Industry Struggles for a Way Forward
Not long after several Wall Street banks collapsed in 2008, a nine-page document circulated on an obscure mailing list, proposing a new kind of financial system that wouldn't rely on any "trusted third party."The paper was the basis for what became the cryptocurrency industry.Using sweeping, idealistic language, its adherents vowed to conduct business in a transparent and egalitarian way, rejecting the high-risk practices of a small number of powerful financial firms that caused the Great Recession.
Rise in gig work during a recession unlikely with hot labour market, say economists | CBC News
Economists say the expected economic slowdown in 2023 may not result in higher levels of gig work, unlike past recessions when levels of contract work and self-employment spiked.They say the tight labour market, combined with a changing workforce and stubborn inflation, will make a possible recession this year different from those that preceded it.
The Crypto Industry Struggles for a Way Forward
Not long after several Wall Street banks collapsed in 2008, a nine-page document circulated on an obscure mailing list, proposing a new kind of financial system that wouldn't rely on any "trusted third party."The paper was the basis for what became the cryptocurrency industry.Using sweeping, idealistic language, its adherents vowed to conduct business in a transparent and egalitarian way, rejecting the high-risk practices of a small number of powerful financial firms that caused the Great Recession.
Opinion: UC strike hurts students and the picketing workers
United Auto Workers, the labor union negotiating for striking workers at the University of California's 10 campuses, claims it is fighting for a UC that works for its students and its workers.But some of its demands certainly won't work for students, and could hurt the very workers UAW represents.UC officials have held more than 50 bargaining sessions with the UAW, and last week reached tentative agreements with two of the smaller bargaining units, the postdoctoral scholars and academic researchers.
Do Beacon Hill Condo Prices Ever Drop? Boston Condos For Sale Ford Realty
While having lunch with a friend recently, she put forth a potentially disarming question: Have Beacon Hill condo home prices ever actually gone down for any significant period?Not just wobbly month-to-month dips, but a real drop?Beacon Hill Restaurant Her tone was one of almost unvarnished disbelief: She was of an age where she could not remember Beacon Hill condominium housing prices ever getting cheaper but only spiking to greater and greater heights year after year.
Gonez is reelected; Rivas wins open seat on L.A. school board
Kelly Gonez and Rocio Rivas have declared victory in their races for seats on the Los Angeles Board of Education, elevating the influence of the teachers union as the school system navigates contract negotiations, recovery from the COVID-19 pandemic and critical funding issues.In District 6, which covers most of the east San Fernando Valley, incumbent school board President Gonez had 51.27% of the vote through Tuesday compared with 48.73% for high school Spanish teacher Marvin Rodriguez.
Investors are no longer gobbling up real estate Boston Condos For Sale Ford Realty
(Getty; Illustration by Kevin Rebong for The Real Deal) Investors took a hard pivot away from home purchases in the third quarter, as rising borrowing costs appeared to reverse the sector's record activity in a matter of months.Investor home purchases dropped 30.2 percent year-over-year last quarte r, according to Redfin data.
Boston condo broker wars Boston Condos For Sale Ford Realty
Boston condo brokers Facing a Boston condo for sale down market real estate companies enter a wartime mode.Gary Keller is the closest you can get to an elder statesman of residential brokerage.The founder of Keller Williams has guided his firm through four decades of market fluctuations and played a Rooseveltian role in the industry when things have gotten tough, optimistic even in the toughest of times.