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☆ As retirement confidence drops, experts say focusing on these 4 factors can help
▼ + stars: | 2023-05-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Decide where you will live in retirement— Key deadline to watch: The sooner, the better. While you may start your Social Security retirement benefits as early as age 62, eligibility for Medicare generally does not start until age 65. Choose when to claim Social Security benefits— Key deadline to watch: By age 60, you should go to the Social Security Administration website and review your statement, recommends Copeland. When to claim Social Security retirement benefits is one of the big questions retirees face. "The later you can file for Social Security, the better it is as far as the amount you're going to get," John said.

Persons: Craig Copeland, Copeland, Dann Tardif, Susan Reinhard, It's, Reinhard, Jane Sung, Sung, Rupp, John Organizations: AARP, Institute, Social, Medicare, Security, State Health Insurance, Social Security, Social Security Administration, Sporrer, Getty

☆ New Zealand working to update surrogacy laws to make process easier
▼ + stars: | 2023-05-30 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, May 31 (Reuters) - The New Zealand government will update the country's surrogacy law to make the process easier and less discriminatory, New Zealand's Justice Minister Kiri Allan said late on Tuesday. "Surrogacy has become an established method of forming a family for people unable to carry a child themselves. However, the laws that apply to surrogacy are outdated and need to change," Allan said in a statement. The committee is considering introducing a new process to determine legal parents rather than adoption, establishing a surrogacy birth register, clarifying payments relating to surrogacy and accommodating international surrogacy arrangements, the statement said. "It will make it easier for people to build the family they have always dreamed of while honouring the tremendous gift that surrogacy is," Copeland said.

Persons: Kiri Allan, Allan, Tāmati Coffey, Juanita Copeland, Copeland, Lucy Craymer, Richard Chang Organizations: WELLINGTON, New, Zealand's, Parliamentary, Labour, Fertility, Thomson Locations: New Zealand, Zealand

☆ Biden Plans to Thaw and Diversify Relationship With China
▼ + stars: | 2023-05-21 | by ( ) www.wsj.com time to read: 1 min

How This Virginia Aquaculture Farm Raises Four Million Oysters for MarketWard Oyster Co. is one of the largest cage oyster farms on the East Coast, selling 4 million oysters and tens of millions of larvae each year. But it takes years for oysters to mature, and in that time, a lot can go wrong. Photo: Graham Copeland

Persons: Graham Copeland Locations: Virginia, East Coast

☆ James Gorman, Morgan Stanley’s Long-Serving C.E.O., to Step Down Within a Year
▼ + stars: | 2023-05-19 | by ( Rob Copeland | ) www.nytimes.com time to read: +2 min

Mr. Gorman took over the bank in 2010, after Morgan Stanley nearly crumbled during the preceding financial crisis. Morgan Stanley has since hired some of that fallen bank’s advisers, bolstering its already enviable wealth management business, previously called Morgan Stanley Smith Barney. Mr. Gorman, 64, will likely depart at the same age as did his predecessor, John Mack, who left at 65. Neither Mr. Gorman nor Morgan Stanley gave an exact date for his departure from the chief executive role. The Morgan Stanley chief, referencing the drama around the show’s departed patriarch, said he had “no plans to go out like Logan Roy.”

☆ Silicon Valley Bank’s Ex-C.E.O. is ‘Truly Sorry’ but Deflects Blame
▼ + stars: | 2023-05-16 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

The collapse was precipitated by the bank’s decision to buy up government bonds in an era of low interest rates, particularly during the pandemic. Those bonds dropped in value when runaway inflation caused policymakers to quickly raise interest rates, making relatively low-yielding, older bonds less attractive to investors and blowing a hole in SVB’s books. “I worked at a place I truly loved,” he said, calling himself “truly sorry” for what happened. Mr. Becker said that at the time of SVB’s failure, he was working with regulators to shore up the bank. He blamed the media for raising questions about the firm’s financial disclosures and government officials for allowing inflation to spike to the point where rapid interest rate increases were necessary.

☆ Listen to the Mother of All Playlists
▼ + stars: | 2023-05-12 | by ( ) www.nytimes.com time to read: +3 min

Listen along on Spotify as you read. Kacey Musgraves: “Mother”The shortest, sparsest song on Kacey Musgraves’s 2018 album, “Golden Hour,” is also the most emotionally piercing. “I’m just sitting here, thinking ’bout the time that’s slipping and missing my mother,” the country renegade sings with heartbreaking plaintiveness, before zooming out a generation and imagining that her own mother is probably doing the same. Musgraves has said that “Mother” is one of the “Golden Hour” songs she wrote while tripping on LSD — but don’t tell her mom that part. Merle Haggard: “Mama Tried”“Instead of life in prison I was doing one-to-15 years,” Merle Haggard once admitted of the slight embellishment as to how he spent his 21st birthday in one of his most famous (and semi-autobiographical) songs.

A cluster of regional banks scrambled on Thursday to convince the public of their financial soundness, even as their stock prices plunged and investors took bets on which might be the next to fall. PacWest and Western Alliance were in the eye of the storm, despite the companies’ protestations that their finances were solid. PacWest’s shares lost 50 percent of their value on Thursday and Western Alliance fell 38 percent. They are also much smaller than Silicon Valley Bank and First Republic, which each had about $200 billion in assets when they collapsed. PacWest, based in Los Angeles, has about $40 billion in assets, and Western Alliance, with headquarters in Phoenix, has $65 billion in assets.

☆ Column: Inflation and the markets take a bite out of retirement confidence
▼ + stars: | 2023-05-02 | by ( Mark Miller | ) www.reuters.com time to read: +6 min

But persistent inflation and last year’s sharp stock market decline have shaken the confidence of American workers and retirees about their retirement prospects in a way not seen since 2008. That is the key finding of the 2023 Retirement Confidence Survey - the longest-running survey of its kind measuring worker and retiree confidence. But inflation affects everyone, and it is a constant risk factor in retirement plans - even when it is not making headlines. For starters, most retirees depend on Social Security for a substantial portion of retirement income - and it comes with built-in inflation protection. This year, the COLA was a whopping 8.7%, the largest inflation adjustment in four decades.

☆ Independents Saw Urgency in Ousting Trump. Will They Feel the Same About Re-electing Biden?
▼ + stars: | 2023-05-01 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

Although Donald J. Trump has been out of office more than two years, receding as an all-consuming figure to many Americans, to Margot Copeland, a political independent, he looms as overwhelmingly as ever. She would just as urgently oppose Mr. Trump in a 2024 rematch with President Biden as she did the last time. (The Supreme Court is considering Mr. Biden’s debt forgiveness program, but appeared skeptical during a hearing.) Mr. Dickey, a chef, owes $20,000 for his culinary training. “I think I would possibly vote third party,” Mr. Dickey, 35, said of a Trump-Biden rematch.

According to complaints filed on Friday, Energizer agreed "under pressure from Walmart" to inflate wholesale battery prices for other retailers starting around January 2018, and require those retailers not to undercut Walmart on price. Walmart rivals allegedly risked higher wholesale prices or being cut off by Energizer, the largest U.S. disposable battery maker, if they charged less at checkout than Walmart, the world's largest retailer. According to the plaintiffs, Energizer's share of the U.S. disposable battery market has risen to more than 50% from 40% in 2018. The cases in the U.S. District Court, Northern District of California, are: Copeland et al v Energizer Holdings Inc et al, No. 23-02091, and Schuman et al v Energizer Holdings Inc et al, No.

☆ Heading into retirement? Here are 4 key tips for mapping out a game plan
▼ + stars: | 2023-04-28 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Claiming Social Security benefits• Key deadline to watch: By age 60, you should go to the Social Security Administration website and review your statement, recommends Craig Copeland, director of wealth benefits research at EBRI. When to claim Social Security retirement benefits is one of the big questions retirees face. At full retirement age — 66 or 67, depending on your date of birth — you will receive 100% of the benefits you earned. "The later you can file for Social Security, the better it is as far as the amount you're going to get," John said. While you may start your Social Security retirement benefits at age 62, eligibility for Medicare generally does not start until age 65.

☆ First Republic Lurches as It Struggles to Find a Savior
▼ + stars: | 2023-04-26 | by ( Rob Copeland | Maureen Farrell | ) www.nytimes.com time to read: +1 min

First Republic Bank is sliding dangerously into a financial maelstrom, one from which an exit appears increasingly difficult. Hardly a household name until a few weeks ago, First Republic is now a top concern for investors and bankers on Wall Street and officials in Washington. The likeliest outcome for the bank, people close to the situation said, would need to involve the federal government, alone or in some combination with a private investor. First Republic, based in San Francisco, has been widely seen as the most in-danger bank since Silicon Valley Bank and Signature Bank collapsed last month. Like Silicon Valley Bank, it catered to the well-off — a group of customers able to pull their money en masse — and amassed a hoard of loans and assets whose value has suffered in an era of rising interest rates.

☆ First Republic Bank Lost $102 Billion in Customer Deposits
▼ + stars: | 2023-04-24 | by ( Maureen Farrell | Rob Copeland | ) www.nytimes.com time to read: +1 min

Over that same period, it borrowed $92 billion, mostly from the Federal Reserve and government-backed lending groups, essentially replacing its deposits with loans. That’s a perilous course for any bank, which generally do business by taking in relatively inexpensive customer deposits while lending money to home buyers and businesses at much higher interest rates. First Republic is still making some money; it reported a quarterly profit of $269 million, down one-third from a year earlier. From March 31 to April 21, the bank said that it lost only 1.7 percent of its deposits and that most of those withdrawals were related to tax payments by its clients. The slide began roughly six weeks ago, when the midsize lenders Silicon Valley Bank and Signature Bank were taken over by federal regulators after customers pulled billions of dollars in deposits.

☆ Goldman Sachs Sheds Consumer Loans as Losses Mount
▼ + stars: | 2023-04-18 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

How much will it cost for Goldman Sachs to extricate itself from a mistake? Goldman said it had sold off some of those down-market loans and conceded defeat on others, to the tune of nearly $500 million in losses. In October, the firm cleaved its wobbling consumer offerings, including credit card partnerships and interest-earning accounts, into a separate division. Three months later, the bank disclosed more than $3 billion in losses tied to that business over the previous years. Even for a lender as large as Goldman, the continuous bleeding is no small matter.

☆ Facebook depends on local partners to flag hateful content. In Ethiopia, those partners say they were ignored.
▼ + stars: | 2023-04-15 | by ( Tekendra Parmar | ) www.businessinsider.com time to read: +31 min

Trusted partners say warnings were ignoredInsider spoke with six current and former trusted partners from Ethiopia who said that Facebook routinely ignored their pleas to take down content that they deemed hateful or likely to incite violence. Some of the trusted partners declined to be named because they've faced death threats and fear for their own safety. Multiple trusted partners in Ethiopia said hate speech is still proliferating on the platform. Rafiq Copeland, a senior adviser at InterNews, one of Meta's longest-standing trusted partners globally, told Insider that the core complaints of trusted partners in Ethiopia have come up in other Rest of World countries. Even in Addis Ababa, it seemed that everyone knew about the Facebook posts, and many people now saw him as a traitor.

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). The Secure Act 2.0, signed into law last year, makes it easier to prepare for retirement when you have student loans. Secure Act 2.0 allows employers to match employees' student loan payments with retirement contributions. The average monthly student loan payment is $460, according to the Education Data Initiative. Personally, I have [ insert student loan total here ] in student loans, and my monthly payments are [ insert monthly student-loan payments here ] .

☆ The racial retirement savings gap remains wide – How these state IRA programs are working toward equity
▼ + stars: | 2023-02-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Indeed, about 64% of Hispanic workers, 53% of Black workers and 45% of Asian American workers have no access to a workplace retirement plan, according to AARP. State-facilitated individual retirement account savings programs have stepped in to attempt to close that racial savings gap. As of the end of January, there were more than $735 million in assets in these state-facilitated retirement savings programs, the center found. How it worksRather than competing against large corporate retirement plans, state-facilitated retirement savings programs turn their focus toward an underserved corner of the market: small businesses. Most of these state programs require businesses to either offer a workplace retirement plan or to help automatically enroll their workers into the state's program.

☆ I hope we're taking the right steps to make American football safer, NFL's Brandon Copeland says
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI hope we're taking the right steps to make American football safer, NFL's Brandon Copeland saysNFL linebacker Brandon Copeland says "when you sign up to play football, you understand the dangers that come along with it."

☆ Why college coaches are a hot employee benefit
▼ + stars: | 2022-12-19 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

Then she came across an employee benefit her company offered: A "college coach." It is an intriguing employee benefit, in the era of the 'Great Resignation' and 'Quiet Quitting.' says Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute. Getting help from college coaches is not to discount the critical work school counselors do every day. Since we are in the thick of application season, do not waste time in finding out if you have this employee benefit, especially if your teenager is looking ahead to college next fall.

☆ 'Deeply damaging mistake': UK's decision to approve a new coal mine criticized as misguided
▼ + stars: | 2022-12-08 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

In a statement reacting to the news, the firm behind the development said it was "delighted with the decision." West Cumbria Mining said the Woodhouse Colliery, in the county of Cumbria, would supply "the critical steel industry with a high-quality metallurgical coal product." The U.K. has a long association with coal mining, but the industry's decline hit many communities hard and is an emotive subject. The approval for the Woodhouse Colliery was welcomed by Mike Starkie, the elected mayor of Copeland Borough Council in Cumbria. "I've been inundated with messages from across my community tonight, and we've got a community in celebration about one of the biggest positive economic impacts on our area in a generation," he added.

Copeland, who uses they/them pronouns, said their store manager held a team meeting this morning to talk about the Chesapeake store shooting. Share this -Link copiedInvestigators search Walmart gunman's house Investigators on Wednesday scoured the home of the Walmart employee who opened fire at the Chesapeake store where he worked. "We can and must do more to reduce gun violence in America," he tweeted, linking to a news article about the shooting at a Walmart store in Chesapeake. Warner, Kaine of Virginia condemn the violence Virginia's two Democratic senators — Mark Warner and Tim Kaine — decried the mass shooting at the Walmart store in Chesapeake. "The Walmart shooting in Chesapeake is horrific.

☆ Results: Mary-Ann Baldwin defeated Terrance Ruth in Raleigh, North Carolina's mayoral election
▼ + stars: | 2022-11-16 | by ( Hanna Kang | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +2 min

Three candidates ran in Raleigh, North Carolina's mayoral race. (3 Districts) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. NC-13NC-01NC-06 House Statehouse Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. (1 Race) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Raleigh MayorIncumbent Mayor Mary-Ann Baldwin defeated Terrance Ruth in Raleigh, North Carolina's mayoral race.

Finding questions to ask your interviewer is a crucial part of preparing for any job interview. But sometimes it's tricky to think up questions to ask on the spot. In addition, she said you may get " answers to questions you didn't even know to ask but are important." 'Beyond the hard skills required to successfully perform this job, what soft skills would serve the company and position best?' Find out more about the position you're applying for'Who would I be reporting to?'

☆ Mary-Ann Baldwin faces off against Terrance Ruth in Raleigh, North Carolina's mayoral election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: 1 min

Incumbent Mayor Mary-Ann Baldwin is running against Terrance Ruth in Raleigh, North Carolina's mayoral race. 2022 General EmbedsWhile mayoral elections in Raleigh are nonpartisan, Baldwin is a self-identified Democrat and Ruth is a self-identified liberal. Before being elected mayor in 2019, Baldwin served on the Raleigh City Council for a decade, serving five terms. Affordable housing, public safety, and transportation and infrastructure are top of mind. Ruth, an assistant professor in the NC State University of Social Work and Africana studies program, is also running with a goal to develop and expand affordable housing options in the city.

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