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☆ Op-ed: Your kids need a Roth IRA. It's the 'golden egg' savings vehicle for young people
▼ + stars: | 2024-09-29 | by ( Winnie Sun | ) www.cnbc.com time to read: +4 min

How a Roth IRA for kids worksYes, kids can have their own Roth IRA — and, just like for adults, the IRS rules are pretty straightforward. There's no minimum age requirement for contributing to a Roth IRA; if a child can earn money, they can have a Roth IRA. watch nowMore about those income requirements: To contribute to a Roth IRA, the child must have earned income. Why I like the Roth IRA for youngstersI think of the Roth IRA as the "golden egg" savings vehicle for young people because not only is the account tax-sheltered, it also has the beneﬁt of liquidity. Establishing a Roth IRA for youngsters is a powerful way to set them on the path to financial security.

Persons: Roth Organizations: Roth IRA, IRS, Social Security

☆ The JD Vance and Tim Walz debate is likely the last big night of the 2024 campaign. Here's what to expect.
▼ + stars: | 2024-09-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Tim Walz of Minnesota are set to meet for the only scheduled vice-presidential debate on Tuesday, a face-off that could mark the final major moment of the campaign. Harris' national polling has ticked up since what was viewed as her convincing debate victory. This will be the first time either Brennan or O'Donnell have moderated a vice-presidential debate. Born into poverty, Vance attended the flagship school in his home state, Ohio State University, before obtaining a law degree from Yale. Walz has led a progressive rewrite of the state tax code over the objection of business interests in the state.

Persons: Ohio Sen, JD Vance, Tim Walz, Vance, Walz, —, Sen, Kamala Harris, Donald Trump, Harris, he'll, Peter Loge, it's, Joe Biden, Trump, Nate Silver, Margaret Brennan, Norah O'Donnell, Brennan, O'Donnell, Scott Olson, Bradley Tusk, Tusk, whittle, Mike DeWine, Jeff Swensen, deindustrialization, he's, Lina Khan's Organizations: Minnesota Gov, Service, Ohio, Gov, Trump, School of Media, Public Affairs, George Washington University, Ohio Republican, Democratic, CBS Broadcast Center, CBS, Paramount, CBS Evening, Democratic Party, Minnesota National Guard, Army National Guard, Ohio State University, Yale, Federal Trade Commission, Big Tech, Foundation, Social Security, Tax Foundation Locations: Ohio, Minnesota, Vance, New York City, Springfield , Ohio, Iraq

☆ The 10 best retirement towns for America's middle class—5 of them are in Florida
▼ + stars: | 2024-09-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In September, GOBankingRates ranked the best retirement towns in the U.S. for the middle class in 2024. The following factors were then considered for each city:Total populationPopulation aged 65 and overTotal householdsMedian household incomeNumber of households receiving Social Security benefitsNumber of households receiving retirement incomeAverage Social Security benefits for households receiving themAverage retirement income for households receiving itThe data sources used for the report include the U.S. Census American Community Survey, Zillow's Home Value Index and more. GOBankingRates' study found that middle-class Americans will have the most success retiring in Florida, Ohio, and Arizona. The middle class has always flocked to Florida because of its affordability," Ray Marek, GOBankingRates' media outreach manager, tells CNBC Make It. Marek added that despite the rising cost of living in Florida, the data shows that Florida is still a top destination for middle-class retirees who want to live in a place that offers a balance between affordability and quality of life.

Persons: GOBankingRates, Ray Marek, Marek Organizations: Social, Census, Community Survey, Sunshine State, CNBC Locations: U.S, Florida , Ohio, Arizona, Florida

Taylor County expects to take a direct hit from the Category 4 storm, which is expected to make landfall Thursday night. Taylor County, in northern Florida near the Big Bend region, is home to 20,000 residents, Padgett said. Follow here for live updatesAs in other spots in Florida, mandatory evacuations were ordered for Taylor County, but Padgett estimated that as much as half of his population is choosing to stay put. Uber has offered to take Taylor County residents to shelters outside the county, Padgett said. Helene is the third major storm within a year for Taylor County, Padgett said, "But we're going to endure.

Persons: PERRY, Helene, Mark, Sheriff Wayne Padgett, Padgett, It's, We've, I've, ” Padgett, Uber Organizations: Sheriff, Taylor County Locations: Fla, Taylor, Taylor County, Florida, Bend

These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.

Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, —, Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron

☆ Social Security’s death benefit has been $255 since 1954. Some senators want to change that
▼ + stars: | 2024-09-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

When a Social Security beneficiary dies, their loved ones may qualify for a one-time $255 lump-sum death payment. Yet that amount has not changed in 70 years — since 1954 — while inflation has pushed the costs for funerals higher. On Wednesday, Sen. Peter Welch, D-Vt., introduced a new bill, the Social Security Survivor Benefits Equity Act, to raise the lump-sum death benefit to $2,900 to reflect today's cost of living. Under the terms of the bill, the higher $2,900 death benefit would go into effect in 2025. The proposal has been endorsed by advocacy organizations Social Security Works and the Strengthen Social Security Coalition.

Persons: Sen, Peter Welch, Bernie Sanders, Elizabeth Warren, Welch, haven't Organizations: Social, Social Security Survivor, Equity, Finance, Social Security, National, Consumer, Urban, Clerical Workers, Social Security Coalition Locations: Sens

☆ Elon Musk talks a lot about free speech. But account suspensions on X have skyrocketed.
▼ + stars: | 2024-09-26 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Elon Musk purchased Twitter with a pledge to make it a bastion for free speech. AdvertisementA new "transparency report" from X might surprise anyone who has heard its owner, Elon Musk, talk about the importance of free speech. Three years after Musk took control of the company and rebranded it X, it has finally released a new transparency report. According to its transparency reports at the time, Twitter suspended almost 873,000 accounts in the last half of 2019. That number grew to about 1.3 million account suspensions in the latter half of 2021.

Persons: Elon Musk, Musk, Alex Jones, Donald Trump, —, X, Donald Trump's, Infowars, Ken Klippenstein's, JD Vance, Trump's, Trump Organizations: Elon, Service, Twitter, CNN, Social, Trump, takedowns Locations: Brazil, Turkey, India

☆ Wealthy investors support Harris over Trump, new survey says
▼ + stars: | 2024-09-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

According to a UBS survey of investors with at least $1 million of investible assets, 57% plan to vote for Harris and 43% plan to vote for Trump. Harris wins 91% of Democratic millionaires surveyed, 12% of Republicans and 60% of independents. Trump wins 88% of Republican millionaires, 9% of Democrats and 40% of independents. While they support Harris more broadly, the investors who were surveyed give Trump slightly higher marks on the economy and taxes. If Trump wins, they said defense and energy stocks look attractive, but if Harris wins, they said health care, sustainable investing and tech stocks look best, according to the survey.

Persons: Kamala Harris, Philip Chosky, Donald Trump, Harris, Trump . Harris, Trump Organizations: Democratic, Philip, Philip Chosky Theatre, UBS, Trump ., Trump, Social Security, Millionaire Locations: Pittsburgh , Pennsylvania

☆ Senate Democrats launch first multimillion-dollar TV investments in Texas and Florida as map grows more daunting
▼ + stars: | 2024-09-26 | by ( Simone Pathe | ) edition.cnn.com time to read: +7 min

Ted Cruz of Texas and Rick Scott of Florida, with additional TV investments likely to come, according to the committee. “Senate Democrats are expanding the map and going on offense. That’s where Florida and Texas – which have been seen as relative long shots – come into play. Of the two states, Texas – which is at No. 9 on CNN’s ranking of flippable Senate seats – has been seen as a more viable target.

Persons: Ted Cruz of, Rick Scott of, Scott’s, Gary Peters, Cruz, Scott, Sen, Joe Manchin, Donald Trump, Trump, Larry Hogan, Joe Biden, Kamala Harris, Montana Sen, Jon Tester, overperform Harris, Nathan L, Gonzales, Amy Walter, –, Colin Allred, Cruz –, Beto O’Rourke, Allred, Ted Cruz, ”, University of Texas –, Barack Obama, Hillary Clinton, Biden, Democratic Sen, Bill Nelson, Debbie Mucarsel, Powell, he’s, “, Republicans ’, Val Demings, GOP Sen, Marco Rubio, CNN’s David Wright Organizations: CNN, Democratic, Democratic Senatorial, Republican Sens, Sens, Michigan Democrat, Democrats, GOP, White, Republicans, That’s, Democratic Rep, NFL, Senate, Baylor University, Texas Politics, University of Texas, Rep, Social Security Locations: Texas, Florida, Ted Cruz of Texas, Rick Scott of Florida, Sens, Cruz, Michigan, West Virginia, Montana and Ohio, Maryland, Montana, Dallas, AdImpact, Ecuador

☆ Trump’s promises would spike inflation and wipe out jobs, study finds
▼ + stars: | 2024-09-26 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

The paper represents the most comprehensive analysis to date on the combined impact of Trump’s trade, immigration and Fed proposals. In that scenario, employment would be 9% lower than baseline by 2028 and inflation would surge to 9.3% by 2026. “So-called economists and experts doubted President Trump’s economic plans in his first term. That means the same factory workers Trump says he is trying to help would be hurt the most. Fed Chair Jerome Powell, who was nominated by Trump in 2017, cautioned against any effort to interfere with Fed independence.

Persons: Donald Trump, Trump, “, Warwick McKibbin, Megan Hogan, Marcus Noland, they’ll, ” Karoline Leavitt, Trump’s, Kamala Harris, Harris, ” Trump, McKibbin, Mark Zandi, ”, Jerome Powell, ” Powell, We’re Organizations: CNN, Republican, Federal Reserve, Peterson Institute for International Economics, Peterson Institute, Trump, Security, ”, Peterson, Moody’s, Bloomberg Locations: United States, China, America, Georgia, Michigan, outflows

☆ A retired boomer splits his time between Nebraska and Mexico. He says life is affordable in Puerto Vallarta and there's a lively LGBTQ+ community.
▼ + stars: | 2024-09-26 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

MacKenzie, 67, owns a condo in Puerto Vallarta, Mexico, with his husband, Darin Templeton. AdvertisementMacKenzie said it was important to visit Mexico and become accustomed to the lifestyle before committing to buying a condo there. In fact, they vacationed in Puerto Vallarta multiple times over six years before purchasing a condo in 2017. He said it feels like "there are more gay bars and clubs" in Puerto Vallarta than in Manhattan, adding that Puerto Vallarta is considered a top LGBTQ+ destination in Latin America. A dinner on Bill MacKenzie's terrace in Puerto Vallarta Courtesy of Bill MacKenzieMacKenzie said Puerto Vallarta has an active foreign population, and his condo complex has residents from Canada, Australia, Panama, and more.

Persons: —, Bill MacKenzie, MacKenzie, Darin Templeton, Templeton, Nebraska MacKenzie, Templeton —, Bill MacKenzie MacKenzie, Mexico MacKenzie, Mackenzie, Bill Organizations: Service, Business, Social Security Administration, Nebraska, Creighton University, Nebraska — Locations: Mexico, Puerto Vallarta, Omaha, San Diego, Sarpy, Nebraska, Bluffs , Iowa, Omaha . Iowa, California, Florida , Texas, Arizona, Florida, Southern California, Manhattan, America, Canada, Australia, Panama, American

☆ Promises of 'passive income' on Amazon led to death threats for negative online review, FTC says
▼ + stars: | 2024-09-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

The sender said Sanford, who lives in Springfield, Missouri, would only only be safe if he removed a negative online review. Months earlier, Sanford had left a scathing review for an e-commerce "automation" company called Ascend Ecom on the rating site Trustpilot. The FTC is seeking monetary relief for Ascend customers and to prevent Ascend from doing business permanently. The FTC has also pledged to go after companies that try to suppress negative reviews online as part of new rules issued this year targeting fake reviews. Formed in 2021, Ascend has done business under several entity names with operations registered in states including Texas, Wyoming and California.

Persons: Jamaal Sanford, Sanford, it's, Will Basta, Jeremy Leung Organizations: Federal Trade Commission, FTC, YouTube Locations: Robbinsville , New Jersey, Russian, Springfield , Missouri, dropshipping, Texas , Wyoming, California

☆ How Apple and Microsoft’s trusted brands are being used to scam you online
▼ + stars: | 2024-09-25 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

No, it's not really Apple or Microsoft popping up on your screen to tell you your computer has been infected. "Because, who doesn't know Microsoft or Apple as a brand?" Here's what people should know to protect themselves from scams targeting commonly used, trusted tech brands:Never assume any online ad is authenticPeople can be duped in a number of ways. Sometimes simply opening the attachment could infect a consumer's computer with malware. If, for instance, you called a number for "Microsoft" or "Apple" and gave usernames and passwords, change those.

Persons: it's, It's scammers, Cliff Steinhauer, Nati Tal, Bing, Malwarebytes, Jérôme Segura, Segura, Jim Routh, It's, Routh Organizations: National Cybersecurity Alliance, Microsoft, Apple, Guardio Labs, McAfee, PayPal, Norton

☆ A boomer said he's struggling to survive on Social Security after retiring early to care full-time for his wife
▼ + stars: | 2024-09-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.

Persons: —, Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania

Connexus Personal Loan OverviewYou can use a Connexus personal loan to consolidate credit card debt, cover unexpected expenses, make home repairs, and more. Compare Personal Loan RatesConnexus Personal Loan Rates and TermsLoan Amounts and TermsConnexus offers personal loans with amounts ranging between $1,000 and $50,000, and loan terms starting at 24 months and going up to 84 months. Connexus Personal Loan AlternativesConnexus Credit Union Personal Loan vs. Navy Federal Credit Union Personal LoanNavy Federal has more stringent membership requirements than Connexus, as you're only eligible if you are active military member or a veteran, as well as an employee or retiree of the Department of Defense. Navy Federal Personal Loan ReviewConnexus Credit Union Personal Loan vs. PenFed Credit Union Personal LoanConnexus's personal loans also have higher minimum and maximum amounts than personal loans from PenFed. Connexus Personal Loan FAQsWhat credit score do I need for a Connexus personal loan?

Persons: You'll, Fiona, Insider’s, Connexus, PenFed, you've, doesn't, Ryan Wangman, Read, Elias Shaya, Elias, Potters Rebecca Potters, Rebecca Organizations: Credit, Connexus, Digital Banking, BBB, Nationwide, Connexus Credit Union, Federal, Social, . Navy Federal Credit, Loan Navy Federal, Department of Defense, Navy Federal Credit Union, Navy, PenFed, Connexus Association, Credit Union, Better, Bureau, Chevron, Finance, Northwestern University, Boston Globe, Business, Banking Savings, McGill University Locations: Chevron, New York City

☆ Things are looking up for the economy. So why are consumers still unhappy?
▼ + stars: | 2024-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the economy is heading in the right direction, but consumers aren't buying it . Things seem to be going really well for the economy, right? Consumers aren't feeling bullish about the economy these days. Last time around, pesky inflation was keeping things like groceries and housing costs high, even as the rest of the economy showed improvement. China's stimulus plan to boost its ailing economy sent emerging markets indexes to their highest level since April 2022 .

Persons: —, Rebecca Zisser, We've, Insider's Juliana Kaplan, Spencer Platt, Getty, Tyler Le, We'll, Morgan, Mike Wilson, Steven Blitz, China's, aren't, Chelsea Jia Feng, weren't, Natalie Ammari, that's, Ron Sherman, Gen, Mark Zuckerberg, Dan DeFrancesco, Jack Sommers, Jordan Parker Erb, Amanda Yen Organizations: Service, Business, Federal Reserve, Conference Board, Fed, Chelsea, Spotify, Visa, US Justice Department, Prosecutors, Meta Locations: Austin , Texas, New York, London

☆ Trump's 10% credit card interest cap could hurt borrowers, experts say: 'Access to credit would dry up'
▼ + stars: | 2024-09-24 | by ( Annie Nova | Annie Nova Is A Reporter On The Personal Finance Team | Covering Education. Prior To Cnbc | ) www.nbcnews.com time to read: +7 min

A national interest rate cap requires CongressUnder current federal law, nationwide limits on credit card interest rates are scarce, consumer advocates say. Likewise, federal credit unions are typically restricted to an 18% interest rate on their credit cards. “A president cannot set a cap on credit card interest rates,” said Rust. A 10% interest rate cap could backfireFinancial experts on both sides of the debate expressed concerns that a 10% interest rate cap could backfire on consumers in various ways. “Otherwise, it is a game of whack-a-mole.”In 2022, credit card issuers charged $14 billion in late fees, he noted.

Persons: Donald Trump, Trump, ”, Kamala Harris, It’s, Trump’s, Ted Rossman, ” Rossman, Karoline Leavitt, ” Harris hasn’t, Biden, Adam Rust, Rust, “, ” Rust, Lauren Saunders, Nicholas Anthony, they’re, ” Anthony, Rossman, Saunders, “ Banks Organizations: Social Security, Republican, Democratic, Federal, Bankrate, CNBC, Consumer Financial, Consumer Federation of America, Bank Act, Consumer Financial Protection Bureau, Consumer Financial Protection, National Consumer Law, Cato Institute’s Center, Monetary, Bureau, U.S . Chamber of Commerce Locations: New York, South Dakota, Delaware, Utah, U.S, Bankrate

☆ The Social Security curveballs making retirement even more confusing
▼ + stars: | 2024-09-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

The measures reduce Social Security benefits accrued during private-sector work to compensate for the state or local government pension benefits. The Social Security Administration reported the average monthly check as of July 2024 is about $1,783. Meanwhile, nearly half of WEP-affected Social Security beneficiaries had pensions above $3,000 a month in 2023. In her 20s, McLeod worked various part-time and lower-paying clerical roles, all of which paid into Social Security. "They said you get a good enough retirement from the state, so you'll be OK not getting all your Social Security."

Persons: —, Patrice Earnest, Earnest, Jane Roth, Roth, She's, she'd, it's, Karen Smith, Janis Hernandez, Critics, they've, we're, Louisiana Sen, Bill Cassidy, Republican who's, Anne McLeod, McLeod Organizations: Service, Social, Business, —, Social Security, GPO, Security, Workers, Urban Institute, Social Security Administration, Center, National Task Force, Force, Republican, Budget Locations: New Haven, Louisiana, New Orleans

The international poverty line, which the U.N. uses to measure global poverty, is very low. The international poverty line is valuable because it has succeeded in drawing the world’s attention to the extreme poverty of the world’s very poorest people. But to end poverty in all its forms everywhere, studying this poverty line alone is not enough. One way to see whether this higher poverty line is reasonable is to check whether it aligns with established national poverty assessments. For this, we need an appropriately ambitious poverty line that receives the same attention as the low international poverty line.

Persons: Michail Moatsos, ”, Lant Pritchett, Lyndon Johnson Organizations: The New York Times, Getty Images, United Nations General Assembly, Democratic, Bank, World Bank Locations: adulthood.Today, New York City, Mozambique, Democratic Republic of Congo, ”, Bolivia, Nigeria, India, United States, Denmark, Switzerland, Netherlands, Norway

☆ Here’s how Trump says he’ll help US businesses through tariffs and taxes
▼ + stars: | 2024-09-24 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +9 min

Trump’s promised business tax cuts come alongside his suite of targeted tax relief for individuals, a list that continues to grow. Trump used tariffs, in part, to help boost American manufacturing. Reducing the corporate tax rateTrump has long wanted to reduce the corporate tax rate to below 21%. It will force owners of successful companies to sell their businesses to raise the cash to pay the tax, Trump said. Notably, the tax cut law temporarily created a special deduction for the owners of certain pass-through entities who pay business taxes on their individual tax returns.

Persons: Donald Trump, we’re, ” Trump, Trump, Kamala Harris, Joe Biden’s, Trump’s, ” John Murphy, Biden, ”, John Gimigliano, “, Harris, CNN’s Kate Sullivan Organizations: CNN, Trump, Democratic, Social Security, Republicans, Tax Foundation, China Business, Federal Reserve, US Chamber of Commerce, Economic, of New, KPMG Locations: Savannah , Georgia, America, Mexico, United States, American, of New York, Savannah

☆ Banned political ads found on TikTok weeks ahead of 2024 election
▼ + stars: | 2024-09-23 | by ( Victoria Feng | Victoria Feng Is An Intern On The Nbc News Technology Desk. | ) www.nbcnews.com time to read: +7 min

TikTok has banned all political advertising on the app since 2019, but that hasn’t stopped advertisers from running what appear to be paid political messages on the platform. According to TikTok, the company does “not allow ads featuring political content across any of our monetization features, including paid ads, creators being paid to make branded political content, and other promotional tools on the platform.”TikTok stands apart among its big tech peers in banning political ads — Facebook, Instagram, X and Google all allow political advertisements. The continued presence of political ads on TikTok illustrates the difficulties in patrolling its own platform just weeks ahead of the 2024 presidential election and amid the court proceedings over its potential ban. The findings come as recent research shows that political ads on social media platforms are often filled with misinformation. There were no obvious signs of misinformation among the TikTok videos NBC reviewed.

Persons: TikTok, hasn’t, ”, Vincent Raynauld, “, There’s, ActBlue, Tom Steyer, Jordan Chiles, Shelby Purdum, Republicans ’, Laura Edelson, Blake Chandlee, Edelson Organizations: NBC News, Facebook, Google, NBC, Emerson College, ActBlue, Democratic, Republicans, Social, Northeastern University, BBC, Commission, FEC Locations: U.S, Russia, China, Iran, United States, TikTok, NextGen America, ”

☆ Sen. Bill Cassidy on drug prices: There's a tension between innovation and affordability
▼ + stars: | 2024-09-23 | 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 EmailSen. Bill Cassidy on drug prices: There's a tension between innovation and affordabilitySenate Health, Education, Labor and Pensions Committee ranking member Sen. Bill Cassidy (R-La.) joins 'Squawk Box' to discuss the state of drug pricing in the U.S., what to expect from the weight-loss drug price hearing today, fixing social security, and more.

Persons: Email Sen, Bill Cassidy, Sen Organizations: Email, Education, Labor Locations: U.S

☆ US government begins preparations for a partial shutdown with one week until deadline – despite agreement
▼ + stars: | 2024-09-23 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +6 min

That standard guidance will be circulated Monday, seven days before a shutdown could occur. Should lawmakers fail to pass a funding bill, millions of federal workers and military personnel would be affected by a shutdown. Another 1.4 million federal employees may have to work without pay, though some of these positions are funded through resources other than annual appropriations, she said. All federal employees are guaranteed back pay, though contractors are not. Even the threat of a shutdown can disrupt the lives of federal employees, who could have to forgo their paychecks.

Persons: Mike Johnson, shutdowns, Rachel Snyderman, Snyderman, “, ”, Donald Trump, Trump, Chuck Schumer, aren’t, ” Doreen Greenwald, Everett Kelley, Joe Biden Organizations: Washington CNN, Louisiana Republican, Democratic, CNN, “, OMB, White, Management, Senate, Center, SAVE, GOP, noncitizens, Representatives, Social Security, National Treasury Employees Union, American Federation of Government Employees, District of Columbia Locations: Louisiana

☆ This US man failed Spanish in school. Now he’s running a language school in Spain
▼ + stars: | 2024-09-22 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +11 min

Ted Purdom, from San Anselmo, California, graduated in 2011 with a bachelor’s degree in English and enrolled in an overseas language program, aiming to learn Spanish. He ended up in Mallorca, the capital of the Balearic islands off the east coast of Spain, for the nine-month program. A friend told him about another program that placed American “language coaches” in Spain, called “Auxiliares de Conversación,” (conversation assistants), run by the Spanish Ministry of Education. So that November he opened The Bridge English Academy in Manacor, converting a former wine store into classrooms to give English language courses to locals. Then there’s the fact that the islanders’ first language isn’t Spanish, but Mallorquin, a dialect of Catalan.

Persons: he’d, Ted Purdom, ”, Purdom, –, “, – Lluïsa, Apollonia, Neme Jimenez, iStock, ” Purdom, Llombards, Dennis Fischer Organizations: CNN, University of Oregon, Spanish Ministry of Education, Mallorca, English Academy, San Francisco Bay Area Locations: California, Mallorca, San Anselmo , California, Balearic, Spain, Spanish, Oviedo, Asturias, Mallorca’s, Palma, Manacor, American, kickstarting, San Francisco Bay, Francisco, Bay

☆ JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.
▼ + stars: | 2024-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

JD Vance warned recently of a "death spiral" in the US bond market. "Do they try to take down the Trump presidency by spiking bond rates?" AdvertisementVice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country." And the only thing that really makes that serviceable is the interest rates are still pretty low. As to where US interest rates seem to be going in the near future, the answer is lower.

Persons: Vance, Trump, JD Vance, —, Tucker Carlson, Liz Truss, Steve Sosnick, Sosnick Organizations: Service, Trump, Federal, Medicare, Social Security, Bank of England, Interactive Brokers, Business Locations: China, Japan

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