- Kamala Harris gave a blunt refresher on President Donald Trump’s finances early on in the vice-presidential debate Wednesday night.
- “It would be really good to know who the president of the United States — the commander-in-chief — owes money to,” Harris said, referring to The New York Times’ investigation into Trump’s taxes that found him in debt for hundreds of millions of dollars in debt, $139 million of which he’s on the hook for within five years.
- “Because the American people have a right to know what is influencing the president’s decisions, and is he making those decisions on the best interests of the American people — of you — or self-interest.”
- “Just so everyone is clear, when we say in debt, it means you owe money to somebody” Harris said.
- She also took a dig at Trump for how little he paid in federal income taxes.
- “When I first
Democratic vice presidential candidate Sen. Kamala Harris of California still has not Googled President Trump’s publicly available financial disclosure forms — at least, that is the only thing that explains why she suggested Wednesday during the vice presidential debate that we do not know where the president owes money.
“It would be really good,” said Harris. “to know who the president of the United States, the commander-in-chief, owes money to.”
As I have written before, a comprehensive breakdown of the president’s liabilities can be found in his 2019 public financial disclosure (see page 35), which was released this summer by the Office of Government Ethics. The institutions to which Trump owes a great deal of money include Ladder Capital Finance LLC, Deutsche Bank Trust Company Americas, Amboy Bank, and Chicago Unit Acquisition LLC.
It is all there. You just need to try a
Without masks and a vaccine, we could reach Herd Immunity from COVID-19, but deaths would skyrocket. We break down the science of it.
Colleges face varying types of pressure from students, politicians, finances and local COVID rates. They need resources and resolve to operate safely.
Colleges and universities are struggling with multiple challenges during the COVID-19 pandemic — from upholding the caliber of student education to supporting the health of students, faculty and staff, all within financial constraints and a complicated political environment. Schools guided by public health and operating with adequate resources have most successfully prevented, mitigated and managed outbreaks. By contrast, those making decisions guided by external factors such as institutional leadership’s view of student wishes or political
By Byron Kaye
SYDNEY (Reuters) – Australian casino billionaire James Packer on Thursday said international tour operators helped Chinese gamblers circumvent Chinese capital controls, and that his company gave incorrect public statements distancing itself from the so-called junkets.
The Crown Resorts Ltd founder and one-third owner shared his perception of the travel agents who bring gamblers, often from China, to casinos at an Australian government inquiry. The inquiry is being held to determine whether the company should be allowed to run a A$2.2 billion ($1.6 billion) casino in Sydney’s tallest building. So far during the inquiry, taking place just two months before the 75-floor tower’s scheduled opening, Packer has agreed that he sold a stake in Crown to Hong Kong’s Melco
Brits have made 22 million visits to the gym since COVID-19 restrictions eased in July – proving that even during the pandemic, many are trying to maintain fitness. Or, perhaps, lose a few of the pounds gained in lockdown.
But with many feeling the financial impact of the coronavirus pandemic, which workouts are the most cost-effective?
If you’d prefer to exercise without shelling out for memberships and sessions, stick to running, which costs just £10 ($13) per pound lost on the treadmill at a speed of 10 miles per hour, analysis by Ocean Finance found.
Cycling is also a cost-effective way to shift a few pounds, with “vigorous” spinning costing about £17 for every pound lost.
READ MORE: Coronavirus – Brits could be saving hundreds in lockdown over gym memberships
Some time on the
Warren Buffet spent a record $5.1 billion buying back shares of his Berkshire Hathaway Inc. in the second quarter.
Berkshire Hathaway CEO Warren Buffett has done pretty well for himself and his shareholders throughout his career.
Buffett’s net worth has swelled to $80.5 billion as of this past weekend. This figure doesn’t factor in the $37 billion he’s donated to various charities over the past 14 years.
The Oracle of Omaha has also created $400 billion in value for shareholders. In the past 55 years, the benchmark S&P 500 has gained 19,784%, inclusive of dividends paid, while Berkshire Hathaway stock is up 2,744,062%.
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Dividends have played a key role in Buffett’s long-term success
Warren Buffett has always been excellent at identifying businesses with clear-cut and sustainable competitive advantages, and
Welcome to Personal Finance Insider, a bimonthly newsletter that connects you with the stories, strategies, and tips you need to be better with money.
Here’s what: My hack for making simple money decisions
It took me years to admit I have decision paralysis.
That is to say, it can be really difficult for me to make even the simplest decisions in my personal life, from what to get for dinner to what soap scent to buy. I’ll often ask someone else to choose for me or just abandon the task at hand.
I used to tell myself I was being thoughtful or methodical, but it’s really just a self-imposed burden — especially when it comes to money. Somewhat miraculously, I’ve managed to hack my own decision-making system so my finances won’t suffer the same fate as my wardrobe (clothes shopping is my decision muscle’s worst enemy). The
Trump or Biden: who will be our next president? That’s the most pressing question in America right now. And in less than nine weeks, we’ll get our answer.
As I type, Biden leads in most polls. But betting markets say it’s a coin flip. Polls tend to be wrong, and betting markets are usually right.
But I’m not writing you today to predict who’ll come out on top. Or guess at what might change depending on who wins. (I’ll leave that to the talking heads on TV.)
Instead, I want to show you the one thing that’s guaranteed to happen no matter who wins this November. I’ll tell you in a moment, and I’ll show you why this is a historic opportunity for us as investors.
But first, I want you to take a peek at the most important chart in the world today. It’s
Building enough wealth to sustain yourself in retirement is a monumental achievement. But financial planning doesn’t end when you no longer rely on a paycheck.
The way you handle your money in retirement is as important as it is before you exit your job.
Once you leave the workforce, it can be harder to bounce back from financial setbacks. You’ll need to stay on top of your finances to make sure your savings and retirement income last for the remainder of your life.
Making the following financial moves upon retiring will help ensure you don’t outlive your money.
It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.
1. Review estate planning documents
After retiring, it’s a good idea to review and update your estate planning documents.
One of the most important of these documents is your will. As
What is Velocity of Money?
The velocity of money is a measurement of the rate at which money is exchanged in an economy. It is the number of times that money moves from one entity to another. It also refers to how much a unit of currency is used in a given period of time. Simply put, it’s the rate at which consumers and businesses in an economy collectively spend money. The velocity of money is usually measured as a ratio of gross domestic product (GDP) to a country’s M1 or M2 money supply.
Understanding the Velocity of Money
The velocity of money is important for measuring the rate at which money in circulation is being used for purchasing goods and services. It is used to help economists and investors gauge the health and vitality of an economy. High money velocity is usually associated with a healthy, expanding economy. Low