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The sketch comedy showcase presented its version of the meeting between outgoing president Joe Biden and Trump at the White House on Wednesday, portraying Trump's cabinet picks as unconventional. Carvey's Biden complained that his dog had been attacking foreign leaders who visit the White House — "every single one." Staying on topic, Trump noted, "I am very fastly picking the most epic cabinet of all time," he said. Repertory player Sarah Sherman portrayed Gaetz, who is Trump's choice to oversee the Department of Justice, which previously investigated him. “SNL” airs on NBC, a division of NBCUniversal, which is also the parent company of NBC News.
Persons: Donald Trump, Joe Biden, Trump, Trump's, James Austin Johnson, Biden, Dana Carvey, Carvey's Biden, Johnson's Trump, Elon, We've, Matt Gaetz, Kristi Noem, Sarah Sherman, Gaetz, Alec Baldwin, Robert F, Kennedy Jr, , Baldwin's Kennedy, he'll, Jake Paul, podcaster Dugan, Marcello Hernández, PJ, Emil Wakim, Colin Jost, he's, xcx Organizations: White, Elon, RFK Jr, of Justice, Trump, SNL, NBC, NBC News Locations: Canada, Joe, Iran, NBCUniversal
“We’ve got to take a look at what I was left when I became president.” Biden rises to the challenge. Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on June 27. “I would say that there was a time period in which it felt like Donald Trump couldn’t lose,” she says. “Donald Trump knows how to turn every moment into victimhood,” pollster Frank Luntz notes on CNN. A crowd waits in the sun for Donald Trump to speak at an event in Butler, Pennsylvania, on July 13.
Persons: Joe Biden, Donald Trump, , Biden, Trump, Jake Tapper, Dana Bash, “ We’ve, ” Biden, Will Lanzoni, CNN’s Kristen Holmes, , He’s, Hunter, They’ve, ” Trump, smirking, Austin Steele, ” Holmes, ” CNN’s John King, Phil Mattingly, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear –, ” Mattingly, gleeful, Ronald Reagan’s, David Chalian, Grover Cleveland, Republican hagiographers, Holmes, Donald Trump couldn’t, slanders, anyone’s, shrugged, “ He’s, nodded, didn’t, pollsters, Team Trump, “ Donald Trump, ” pollster Frank Luntz, ” Donald Trump, Tom Brenner, “ They’re, They’re, Pollsters, Lounging, Hillary Clinton, ” King, , , Gene J, Let’s, “ I’m, Mike DiFrischia, CNN’s Erin Burnett, “ Joe Biden – You’re, Donna Hutz, Anna Moneymaker, MAGA, Corey Comperatore, Helen, David Dutch, James Copenhaver, Thomas Matthew Crooks, Crooks, John Miller, Franklin Graham, “ Trump, Kimberly Cheatle, Zach Cohen, Evan Vucci, chokeholds Organizations: CNN, , Trump, Biden, Democratic, gleeful Trump, Georgia Tech, GOP, Republican, White House, Republican Party, Capitol, Surveys, Team, New York Times, Team Trump, Pew Research, Electoral College, Republican National Convention, Secret, Marine, Bethel Park Skilled Nursing, Rehabilitation Center, Washington Post, Secret Service Locations: United States, Georgia, Trump, , California, Michigan’s Gretchen Whitmer , Illinois, New York, Chesapeake , Virginia, Ukraine, Gaza, Mexico, Atlanta, Florida, Nevada , Arizona, Georgia , Wisconsin , Michigan, Pennsylvania, Butler , Pennsylvania, Ohio, USA, American, America
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, , Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
The Oura Ring 4. On the whole, the Oura Ring 4 is comfortable to wear and its app is easy to navigate. Ashley CapootI had never worn an Oura Ring before, so the entire experience was new to me. Silver jewelry has always been my preferred style, so I picked the silver Oura Ring 4 to match my accessories. The My Health tab gives users access to longer-term insights such as heart health, sleep health and resilience, a metric that measures your ability to recover from stress over time.
Persons: Ashley Capoot, Oura, I've, it's Organizations: Apple
LONDON — The U.K. Labour government is hoping to woo foreign capital to the country on Monday, as it hosts its inaugural International Investment Summit in London. Prime Minister Keir Starmer, Finance Minister Rachel Reeves and Business Minister Jonathan Reynolds will lead the one-day event at London's Guildhall, which is expected to be attended by around 200 executives from the U.K. and overseas. Former Google chair Eric Schmidt, Goldman Sachs CEO David Solomon and GSK CEO Emma Walmsley are among the named guests. Newly appointed Investment Minister Poppy Gustafsson, co-founder of British cybersecurity firm Darktrace, will also be on hand to promote the U.K. as a place to do business. The date was determined by Labour's pre-election pledge to hold a business summit within its first 100 days in office.
Persons: Keir Starmer, Rachel Reeves, Jonathan Reynolds, Eric Schmidt, Goldman Sachs, David Solomon, Emma Walmsley, Poppy Gustafsson, Dr, Bruce Morley, Labour's, Reeves Organizations: Labour, International Investment Summit, Business, London's Guildhall, British, CNBC, University of Bath, National Insurance, Capital, Guardian, Treasury Locations: London
Springfield, Ohio CNN —It’s just past 4am. To lose them would be a blow to his business, he told CNN. They’re ready to give birth in probably the next couple hours, and they’ve never had a single prenatal visit,” Cook told CNN. Haitians sit down to eat their meal at a Haitian restaurant in Springfield, Ohio, on September 12, 2024. That’s tough,” Heck told CNN.
Persons: Springfield , Ohio CNN — It’s, Daniel Aula, he’s, Aula, wasn’t, , , Donald Trump, Ohio Sen, JD Vance —, Trump, Vance, He’s, Ross McGregor, McGregor, ” McGregor, they’d, “ We’ve, Bryan Heck, Springfield Mayor Rob Rue, we’ve, Chris Cook, “ You’ve, they’ve, ” Cook, Cook, “ That’s, Biden, Sens, Sherrod, Ohio Brown, Tim Scott of, Tim Scott of South Carolina —, cc’d Vance, ” Heck, Rent, Rue, Rob Rue, Dominic Gwinn, Jaob Payen, Daniel Driscoll, I’ve, ” Andy Wilson, it’s, , Mike DeWine, Kerry Lee Pedraza, Pedraza, ” Pedraza, Roberto Schmidt, Aula’s, Harris, Alejandro Mayorkas, Katie Kersh, Kersh, ” Kersh, Lebon, ” Lebon, Sassy ”, ’ ”, “ ’, Sen, JD Vance, Matthew Hatcher, , Fran DeWine, Prince —, ” DeWine, DeWine, that’s, , Daniel Aula’s, ” Aula, ” “, CNN’s Catherine E, Shoichet, Kate Sullivan, Daniel Dale Organizations: Springfield , Ohio CNN, CNN, Biden, Nation, Springfield City, Springfield Mayor, Springfield, Infants, Children, City, Getty, US Navy, Republican, Ohio Department of Public, Patrol, Springfield Police, United, “ Haitian Coalition, AFP, United Nations Human Rights, UN, US, Homeland, TPS, , Gov, Ohio Gov, Trump, Underground Railroad Locations: Springfield , Ohio, Haiti, Springfield, Ohio, November’s, Clark County, Pentaflex, Haitian, Tim Scott of South Carolina, , County, City, United States, Creole, Leesport , Pennsylvania, Port, DeWine, America, Germans, ,
CNN —Far be it from anyone to identify a defined strategy in the cat memes that have overtaken the American political conversation in a pivotal election year. Never mind the state’s Republican governor, who also counseled against a campaign visit, called out state troopers to city schools to ease concern about scores of bomb threats. Intentional or not, the insult cued a new round of stories about how the Trump campaign doesn’t seem to mind turning off women voters. Women voters have shifted away from Trump since Harris entered the race, according to polls. “Every time I do a focus group with swing voters, they bring up JD Vance talking about childless cat ladies.
Persons: , Donald Trump’s, Ramaswamy, Vivek Ramaswamy, Roberto Schmidt, Sarah Huckabee Sanders, Kamala Harris, Sanders, Harris, ” Harris, Kristen Soltis Anderson, ” That’s, Harris ”, Anderson, Trump, Sen, JD Vance, Harry Enten, we’ve, Enten, Nicky Jam, He’s, Taylor Swift’s, Billie Eilish’s, Lance Trover, Doug Burgum, Trover, “ I’m, ” Trover, it’s, ” Anderson, Vance, Sarah Longwell, CNN’s Jake Tapper, “ I’ve, ” Longwell Organizations: CNN, Republican, he’d, AFP, Getty, Arkansas Gov, Trump, New York Times, Siena College, Puerto, Pennsylvania doesn’t, North Dakota Gov, The New York Times, Trump Republican Locations: Ohio, Springfield, Springfield , Ohio, Michigan, Puerto Rican, Las Vegas, Philadelphia, Pennsylvania
While rage bait can be found across social media, its prominence on Threads is because of how the app promotes content. AdvertisementWith that in mind, there's often something in your behavior on social media that's leading the apps to send those posts your way. In the grand scheme of things, rage bait is not the worst thing on social media by a long shot . YouTube star MrBeast mastered social media algorithms to build a huge audience in no time. Here's what business students said , and here's what tech students said .
Persons: , Rebecca Zisser, Katie Notopoulos, Katie, it's, it'll, Samantha Lee, Goldman Sachs, David Solomon isn't, Solomon, Warren Buffett's, Kanu Gulati, she'd, Jensen Huang doesn't, Huang, Alberto E, Rodriguez, MrBeast, Jonah Peretti, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Twitter, JPMorgan, Bank of America, Occidental Petroleum, Khosla Ventures, Kanu Gulati Khosla Ventures, Nvidia, Warner Bros, HBO, Charter Locations: Taiwan, China, New York, London
If reelected, Trump said Thursday he’d go further: He’d try to exert direct power over monetary policy. He gets a little bit too early and a little bit too late,” Trump said. Still, Trump has recently advocated against a rate cut before the election, saying such a decision from the Fed would be a gift to the Democratic party. Rate cuts tend to reduce borrowing costs for consumers and businesses, freeing up cash to to spend and boosting the economy. Presidents frequently gripe about Fed policy, but Trump’s public pressure campaign is in a league of its own.
Persons: Donald Trump, Trump, he’d, ” Trump, , , Jerome Powell, Powell, reappoint Powell Organizations: CNN, Federal Reserve, Federal, US Bureau of Labor Statistics, Fed, Democratic, Bloomberg Locations: Powell’s, Turkey
The state’s GOP Senate candidate, Kari Lake, has long challenged her Democratic competitor, Rep. Ruben Gallego, to take the debate stage. Hobbs still did not agree to the Arizona Clean Elections proposal for a traditional debate, saying Lake would create a "spectacle." Hobbs then participated in a separate Q&A with Arizona PBS, which has no affiliation with Arizona Clean Elections. Given Hobbs’ Q&A was not affiliated with Arizona Clean Elections, the organization’s executive director says Lake’s frustration is misplaced. “Traditionally, for the last, I think, three Senate races, every Senate debate has happened at the Clean Elections debate,” Gallego said last week.
Persons: Donald Trump, Kamala Harris, Kari Lake, Ruben Gallego, Gallego, , Lake, , chuckles, ” Lake, Katie Hobbs, Hobbs, Thomas Collins, Collins, ” Gallego, proclivity, Harris Organizations: PHOENIX, Arizona Senate, GOP Senate, Democratic, Lake, NBC News, GOP, Arizona, Elections, Republican, Arizona Clean, Arizona PBS, Trump Locations: Arizona, Phoenix, Paradise Valley, , Gallego
The vice president likes to take her time with decisions. “This is a decision that is not just a campaign decision,” Transportation Secretary Pete Buttigieg said in an unrelated interview with CNN last week. “The vice president has a very deeply personal decision to make right now. Andy Beshear and several other governors over to her residence for what became a gripe session about the Biden campaign in February. Obama reminded his former vice president that they had not gotten along well at first.
Persons: aren’t Kamala Harris, Harris, it’s, , ” Harris, they’re, Josh Shapiro, Joe Biden’s, , they’ve, Pete Buttigieg, Shapiro, Harris –, Biden, Mike Pence, don’t, Tim Walz, JB Pritzker, Andy Beshear, Beshear’s, Arizona’s Mark Kelly, Doug Emhoff, , Cedric Richmond, ” Richmond, Barack Obama, Eric Holder, Dana Remus, Donald Trump’s, Lorraine, Tony West, Jen O’Malley Dillon, Obama, Adam Schiff, ” CNN’s John King Organizations: CNN, Naval, Democratic Party –, Pennsylvania Gov, Staff, Biden, Veterans, Publishers Clearing House, Minnesota Gov, Illinois Gov, Kentucky Gov, Senate, Harris, White, Trump, Democratic, California Democrat Locations: Houston, Philadelphia, Pennsylvania, Minnesota, Illinois, Kentucky, California, Louisiana, Arizona
Asked whether Biden would exit the race, Biden campaign spokesperson Seth Schuster responded: “No.”“There’s no basis for that,” one Biden adviser also told CNN Friday morning. The Biden campaign will hold an all-staff meeting Friday afternoon, two Biden campaign officials told CNN, part of what they said is a routine pattern of Friday meetings. “It’s hard to debate a liar,” Biden told patrons at an Atlanta-area Waffle House following the debate. Big lies.”Pro-Biden political world fretsIn the broader pro-Biden and anti-Trump political universe, the panic over Biden’s debate performance was much clearer on Friday morning. God.”The veterans of Obama’s administration who launched the “Pod Save America” series of podcasts popular with liberal listeners also lamented Biden’s performance.
Persons: Joe Biden’s, Biden, , Donald Trump, Seth Schuster, , Joe Biden, Allison Joyce, Hakeem Jeffries, Biden —, “ I’m, ” Jeffries, Biden’s, David, “ It’s, It’s, , Jeff Zients, Anita Dunn, Tristen Rouse, CNN ‘, ’ Biden, , Barack Obama’s, Obama, ” Obama, ” Biden, reconsidering, Joe, Jill Biden, Trump, Republican Adam Kinzinger —, Kinzinger, Joe Scarborough —, Axios, ” Scarborough, ” Jon Stewart fuming, ” Stewart, Jon Favreau, haven’t, Joe Biden —, ” Ben Rhodes, “ Joe Biden couldn’t, Angie Craig, Brad Schneider, Scott Peters, ” Peters, Nancy Pelosi, ” Trump, Jim Clyburn, didn’t, Democratic Sen, Ben Cardin, Ben Cardin of Maryland, “ Biden, ” Cardin, ‘ We’ve, Josh Shapiro, Shapiro, ” “, we’ve, ” Shapiro, Michigan’s Gretchen Whitmer, “ Joe Biden, ” Whitmer, Donald Trump’s, Betsy Klein, Haley Talbot, Manu Raju, Veronica Stracqualursi, Andrew Millman, Ted Barrett, Lauren Fox, Annie Grayer, Priscilla Alvarez Organizations: Washington CNN, Democratic, CNN, House, Getty, House Democratic, Biden, White, White House, , Trump, Charlottesville White, New York Times, Republican, Illinois, Obama, ” Hill, California, South Carolina Rep, Pennsylvania Locations: North Carolina, Wilmington, Raleigh , North Carolina, Carolina, Biden’s Wilmington, Washington ,, Atlanta, Charlottesville, America, Ben Cardin of, Chicago
The Nissan Z was an absolute blast to drive. The Nissan Z's cabin. On a winding road, the Bridgestone Potenza-shod car handled the corners with the surefooted confidence expected of a world-class sports car. They were monsters in a straight line but felt heavy and unsure of themselves in the corners. According to Motor Trend, the Nissan Z Performance with the manual transmission can go from 0 to 60mph in just 4.9 seconds.
Persons: Benjamin Zhang, it's, hasn't, gunning Organizations: Nissan, Bridgestone Potenza, 350Z, Motor
“I never loved him,” Trump said of Valadao, according to a GOP member. Trump did not shy away from acknowledging the bad blood between House Speaker Mike Johnson and GOP Rep. Marjorie Taylor Greene, who unsuccessfully tried to oust Johnson against Trump’s wishes. House Republicans voted to hold Attorney General Merrick Garland in contempt of Congress on Wednesday. In his meeting with GOP lawmakers, Trump called the Department of Justice “dirty no good bastards,” according to another source in the room. In a news conference after the meeting, House Majority Whip Tom Emmer said that the former president’s felony convictions have only energized the party that will propel them to victory in November.
Persons: Donald Trump, Taylor Swift, Nancy Pelosi, Trump, , David Valadao, , ” Trump, Valadao, Mike Johnson, Marjorie Taylor Greene, Johnson, Trump’s, Greene, “ He’s, , , Merrick Garland, Department of Justice “, Kevin Hern, Tom Emmer, it’s, ” Emmer, Roe, Wade, Nancy Mace, Ronald Reagan, Derrick Van Orden, Pelosi, , popstar Taylor Swift, Joe Biden, Hannibal Lecter Organizations: CNN, House Republicans, Capitol, Republicans, GOP, Department of Justice, Food, Milwaukee, Wisconsin Republican, Milwaukee ”, Republican Locations: California, Oklahoma, New York, Ukraine, Wisconsin, Milwaukee
It's a lot to deal with, and Gen X can struggle with juggling life and finances across multiple responsibilities. In many families, the transfer must come through Gen X first. About three-quarters (74%) of Gen X reported financial trauma, compared to 71% of millennials, 63% of boomers and 64% of Generation Z. So how can Gen X feel more confident about their current and future finances? Second, Gen X must believe that they can secure their future selves without depriving their current selves.
Persons: Ippei, , X, Xers, Gen, Gen X, gripe Locations: Experian
That made me think: If this is 'real' Chinese food, then is there 'real' Thai food too?" Eitharong told Business Insider. His goal was to continue learning more about Thai food. Parisa PichitmarnDespite Eitharong's culturally mixed upbringing, he sticks to authentic Thai food and never fusion. A few people have claimed he's not cooking Thai food because he's American.
Persons: , Dylan Eitharong, Eitharong, he'd, voraciously, Haawm, Hanuman Aspler, Chiang Mai, Covid, Curry, wouldn't, jee, Randy Travis, Prince, Beyoncé, juan, Dylan, I'm, grandmas, Siradej Donavanik, Vincent Vichit, Vadakan, He's, Parisa Pichitmarn Organizations: Service, Business, Michelin, BI, Food Locations: Florida, Thai, Orlando, Thailand, Bangkok, Onnut, America
It was only midmorning, and Eike Schmidt was already way off schedule. As he strolled to an appointment at a market in Florence, Italy, well-wishers repeatedly stopped him to shake his hand, take a selfie or share a gripe, further upsetting his timetable. “That’s quite different from all the professional politicians that we’ve had in the past decades in Florence,” Schmidt added. His campaign slogan — “Firenze Magnifica,” or “Magnificent Florence” — suggests a Florence returned to its Renaissance glory, when the city was a renowned artistic and intellectual hub. As mayor, Schmidt said, he would aim to bring back “the splendor” of the epoch when the Medici family and its successors ruled the city.
Persons: Eike Schmidt, strolled, , Schmidt, , we’ve, ” Schmidt, , Florence ” —, Florence, Medici Organizations: Firenze Locations: Florence, Italy, Germany, Italian
I've been testing the new iPad Pro for several days and what I found is that it's a very nice iPad. The game will look better once Activision Blizzard releases an update enabling improved graphics for the M4 iPad Pro. 2024 13-inch Apple iPad Pro Todd Haselton | CNBCThe new iPads Pro support Apple's updated $350 Magic Keyboard for iPad Pro (the 11-inch version is $300). 2024 13-inch Apple iPad Pro Todd Haselton | CNBCThe updated Apple Pencil Pro is also a lot of fun. What's bad2024 13-inch Apple iPad Pro Todd Haselton | CNBCHere's my biggest gripe about the Pro models: The software, iPadOS, is what you'll get on any other iPad.
Persons: I've, Apple hasn't, Christoph Dernbach, Diablo, it's, Todd Haselton, hasn't, Apple, Slack, you've, Tim Cook Organizations: Apple, Getty, Pro, Activision Blizzard, CNBC, CNBC Here's, Conference, WWDC Locations: It's, 10hz
Read previewWhen Airbnb started, CEO Brian Chesky said its tagline "was a cheap, affordable alternative to a hotel" — but customers aren't finding it so cheap anymore. Customers have complained on social media about the rising cost of Airbnb due to booking costs and cleaning fees. Advertisement"A year and a half ago, we noticed that, you know, there was a lot of concern about Airbnb prices increasing," Chesky said. According to the CEO, two million hosts now use the compare listing. Chesky also said Airbnb started offering monthly and weekly discounts for guests with longer stays.
Persons: , Airbnb, Brian Chesky, you've, Chesky, it's Organizations: Service, Business
Entry-level jobs are typically thought of as positions requiring little to no prior experience or skills. But it's a longstanding gripe among job seekers on social media that job listings' requirements are more ambitious. "Companies listing 'Masters preferred' for entry level office positions," posted another. In a 2022 report from McKinsey & Company, the second-most-cited barrier to employment was a lack of experience, relevant skills, credentials or education. Less than 61% of human resources leaders said in 2023 that they are hiring for entry-level and less-specialized positions, down from 79% in 2022, according to a PwC survey.
Persons: Julia Pollak Organizations: Finance, Treasury Department, McKinsey & Company Locations: TestGorilla
After the meeting concluded, a person familiar with the situation told CNN that Godwin was simply at a prescheduled doctor’s appointment. Regardless, the rampant speculation her absence spurred spoke to the apprehension of staffers, who are thirsty for change and whose patience is wearing thin. Bob Iger is known to pay special attention to ABC News and OConnell wouldn’t have been appointed had Disney brass not felt it necessary. “She knew it was bad, but I don’t think she knew how bad it was,” a network insider told CNN. It’s now up to OConnell to dig ABC News out of the ditch and infuse it with its old swagger.
Persons: Kim Godwin, Godwin, Debra OConnell, Greg Doherty, Bob Iger, OConnell, Akin, Chris Licht’s, It’s Organizations: New York CNN, ABC, CNN, Disney, ABC News Locations: New York, Burbank
A.I. Has a Measurement Problem
  + stars: | 2024-04-15 | by ( Kevin Roose | ) www.nytimes.com   time to read: +1 min
There’s a problem with leading artificial intelligence tools like ChatGPT, Gemini and Claude: We don’t really know how smart they are. That’s because, unlike companies that make cars or drugs or baby formula, A.I. There’s no Good Housekeeping seal for A.I. models to assess how good they are at, say, math or logical reasoning, many experts have doubts about how reliable those tests really are. But I’ve become convinced that a lack of good measurement and evaluation for A.I.
Persons: Claude, There’s, we’re, I’ve Locations: A.I
AdvertisementThis is an as-told-to conversation with Ezra Gershanok, a former Business Analyst at McKinsey & Company and the cofounder of sublet startup Ohana. I was hired straight out of college as a Business Analyst, an entry-level consultant role at the firm. Related storiesFor me, the pace of the work started to slow down in the second half of 2021 and into 2022. Several jobs at the firm started to be seen as redundant. So, it's possible to get positive feedback from the clients you're working with and your direct manager, even when the higher-ups are trying to push you out.
Persons: Ezra Gershanok, Gershanok, Zillow, , McKinsey doesn't, I'd, Ohana, We've, Spencer Rascoff, Surabhi Gupta, they're, Lakshmi Organizations: McKinsey & Company, Post, McKinsey, Service, Apple, Engineering Locations: Seattle, sublease, NYC, Lakshmi Varanasi, lvaranasi@businessinsider.com
And when it comes to paying taxes, he forgoes many deductions afforded him. For much of Mr. Narváez’s life, money was tight. But today, Mr. Narváez and his wife, a retired elementary school principal, live comfortably. Upon seeing those figures, Mr. Narváez’s financial adviser told his client he was overpaying and introduced him to an accountant. “I see it as my responsibility to pay my fair share of taxes,” Mr. Narváez, who is 70, told me.
Persons: Alejandro Narváez, he’s, Narváez, , Mr, Mark Twain Organizations: Locations: Seattle
With new builds, property taxes can change dramatically after purchase because initial rates are often based on estimates. Why property taxes can jump for new buildsWhen lenders qualify someone for a home purchase, they factor in the principal, the interest payment on the mortgage, homeowner's insurance and property taxes. Instead, mortgage lenders will often use an older tax rate from the area or an estimated tax rate to calculate the owner's monthly payment. watch nowInitially, the homeowner will typically pay the estimated property tax rate into escrow. Depending on the local tax assessment cycle, the county office will eventually assess the value of the new house to determine the actual property tax rate.
Persons: homebuyers, Melissa Cohn, Brian Nevins, Cohn Organizations: Getty, National Association of Realtors, William, Mortgage, Bay Equity
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