35 Burst results for "Four Percent"

US consumers rebound to boost spending 2.4% as income jumps

AP News Radio

00:37 sec | 17 hrs ago

US consumers rebound to boost spending 2.4% as income jumps

"American consumers were spending money last month after a couple of months of spending drops American consumers picked up spending by two point four percent last month that's a sign that the economy may be making a tentative recovery from the pandemic recession the report from the commerce department also had personal incomes up ten percent in January that was boosted by cash payments most Americans got from the government the sharp January gain suggests that many people are growing more confident about spending especially after receiving six hundred dollar checks then went to most adults last month in a federal economic aid package showing up Washington

Commerce Department Government Washington
GameStop Is Happening Again

WSJ What's News

01:29 min | 1 d ago

GameStop Is Happening Again

"May be watching game stop again. today it shares skyrocketed in the final hour of trading. What prompted this late rally. We're going to bring in markets reporter caitlin austr- off into the conversation. She's covered game. Stop a lot lately caitlyn. Hey mark so kayla. Shares of game stop finished one hundred four percent higher to close more than ninety one dollars. It was hovering below fifty dollars for most of the day. What's the explanation behind this. So it's hard to say what caused game. Stop sheriffs to take off so much in the last hour of trading. What we do know is that you know you had keith. Gill saying that. He was going to double down on his game. Stop bets over the last couple of days. He's still really optimistic on the company. And that's what other people on wall street beds to say that they also are optimistic. You also had games top. Say that it's chief. Financial officer would resign next month. And so maybe that was. Also another case for people to maybe. You know think about the company's future could be different than what it had been a week ago but we don't really know exactly what causes it. You had a lot of people on wall street bat to were saying you know. They were caught off guard by sudden rise in shares and you can have big institutional players with deep pockets who can more easily move the share price who may be just doubled down on their bets that we could see games top perform

Caitlin Austr Caitlyn Kayla Gill Keith
Number of women on UK corporate boards rises 50% in 5 years

LBC Election 2019

00:18 sec | 2 d ago

Number of women on UK corporate boards rises 50% in 5 years

"Figures out today show that has been a fifty percent increase in the number of women on footsie. Three fifty boards now. Thirty four percent Sets up fifty percents in five years there now. No all male boards in those companies and five years ago. There were

New Law Changes  With Tom Black

Your Retirement Solution Podcast

05:05 min | 2 d ago

New Law Changes With Tom Black

"Hello and welcome to your retirement solution with tom. Black good morning tom. How're ya. I am doing great. It is a beautiful day with lots of opportunity absolutely happy new year by the way. This is our first recording. You and i in the in twenty twenty one. Yeah it's going to be Should be really interesting year. I we it has to be different. I don't know better but it has to be something has to change. I'm i'm really hoping for better and speaking of changes you're talking about that today a little bit. We're going to talk a little bit today about Proposed changes under the new administration and things that people ought to be thinking about nassir panicking about yet but just thinking about because of the lightning what we could see some changes dealing with the last couple of years all right and what kind of changes are we talking about specifically today. Well there's there's kind of a basset of multiple different ones. We've you may or may not have heard about the we're going to be seen some increases in taxes or some individuals and some of that depends on what happens with the so called trump tax break of twenty eighteen. One of the things have benefited everybody. That was included in there was a was the twelve percent tax bracket and that's been really beneficial to absolutely everybody who pays taxes and they're talking about on reversing those trump those tax bills. Which would mean that all of us. Potentially you know three percent more in taxes. Ghana still up on. These things are all in the air. But that's one of the first things we look at. We started talking about. How is this going to affect all of our clients in general or just individuals in general taxes. And that's the first thing that i was thinking about the other. Now that we know where georgia falls is that we could potentially be seeing other attached changes that can affect how you've been planning for your retirement or for the passing of your assets the next generation one of the ones that i am most interested in keeping an eye on for our clients is somewhat People either they've heard about it. They have no idea how this works. And it's called a step up in basis that you heard of this before i have but i don't quite understand all of it okay. So let's start with that with the basic idea. Let's say that Your parents bought calf dozen stocks in the sixties. And and they've held them ever since then. Well if your parents died in leave you those stocks you might be able you would be able to today. Turn around and sell those and pay no taxes on the gain you know. Maybe it's a million dollars with the gains okay. Yeah yeah yeah so i. If my parents were to sell them they'd have to pay yet. But if i if i inherit them then i don't that's correct. Well okay. that sounds good basis and you imagine people who are retired been retired for a while. who have some of these positions stock positions. If up well hail hold onto it. And if i die owning my kids will have to pay taxes on part of their narrates not a bad strategy. If you didn't need the money yeah problem now is all we're doing now is kicking the can down the road because if that does get refilled and that is really high on the list That can change. How you're going. You know how you plan on passing those assets so the kids. Oh yeah yeah. Yeah yeah and i was gonna say it seems to be almost a double edged sword there. Because if you're saying that they may change that and then if i in twenty years let's say i passed these stocks down to my kids and they have to pay taxes on them. We've we've already kind of seen the writing on the wall. That taxes are most likely going to be higher because we have to pay for all the debt that happened this last year with kobe. The relief and everything else in the trillions and trillions and trillions of dollars so that really changes the game not only does it bring those taxes back it. they'll probably higher. Don't you think absolutely. Oh boy i had this conversation with one of my clients In december and and in that situation they had About two million dollars in capital gains. And what was trying to get him. Understand was the taxes weren't going to get any cheaper and and we were better off to take the beating at which is approximately twenty four for them would have been about twenty four percent in taxes taxes any real by the stocks back but if pay taxes on it because it won't be cheaper in four years to pay the taxes mondo stocks if the gains continued to go. So it's it's a lot more complex than than just the the idea that you're right. It's going to get more experience so we know it is. It has to yeah not even last year. I mean we've been we've been spending money like drunken sailors for

Nassir TOM Ghana Georgia Kobe
An End to the Tech Rally?

CNBC's Fast Money

04:35 min | 4 d ago

An End to the Tech Rally?

"We'll rising rates kill the tech rally. Guy what do you say yes back to. You melt absolutely so much of this has been predicated on on this low interest rate zero straight environment when you have tenure yields go from fifty three basis points in august two one point four percent today i understand rates are still low but the velocity and the speed of the move has been well. It hasn't been historic. But it's been noteworthy. And i think we're headed to one and a half. We've said it for a while and that's your line in the sand you start getting significantly north of one and a half percent and the entire thesis in my opinion behind a lot of these high flying tech names starts unravel and you're starting to see it now in the big hans christian andersen fan. I know euros well. Mel and a lot of people mistakenly call the that little vignette that he wrote. The emperor has no clothes. It's the emperor's new clothes. But i got to tell you the close at the fed is wearing right now are not fitting and i think they're going to be revealed for what they are in the coming weeks. They think they can control this out of their control at this point. Yeah karen i. I'll go to you on this. Well i mean obviously we have been in this environment of close zero percent insurance for so long and so when we move out of that. Something's gotta give now. Yes i think. So but i think a few things are happening at the same time. So there's the higher rates that guy talked about. We always talk about the risk premium. What should the equity risk premium beaten as rates go up. The risk premium should be higher therefore valuations lower. But the other side of. It is a rates going up because the economy is improving. And i believe that. Yes that's the case. But i also think that the earnings of a lot of these high flyers and let's talk about something like google for example. I think those earnings are going to be actually much better so on long those. It's a painful day. One thing that. I have on as a hedge which is not nearly enough to hedge how much i would lose him. A day like today is the gb which is the it's tech software and its high fliers. The biggest position is microsoft. But it's really expensive. Names salesforce service now zoom video. Docu sign crowd strike. Those are all going to get hit. Against what i think of as my more value tech today wasn't value at all on sale again and again but i think that if the rates move up slowly because the economy improves. I'm okay with that. I know we'll have a rotation into more cyclicals. But i'm sticking with what i've got. Yeah and obviously it's highest wires on. They'll probably take the hardest hits at this point carfax. North cornerstone macro makes a very good point in that is their alliance the s. and hunt five hundred on information technology. More broadly and in terms of down days and information technology eighty percent of the time the s. and p. five hundred trades lower as well. This is since nineteen eighty nine. Dan and i know you like carter's work. So i mean his point basically is you can't hire overall without technology that being said though if you look at the mag accomplish the microsoft apple google amazon. They've gone sideways for the last four months. Or so as we've seen that rotation into more cyclical names so we did move higher without their real participation and now it's interesting on a day like today that you see the nasdaq down two and a half percent or so to me. I think what karen laid out is really smart. I mean you look at the mega caps and you see their value tech yes. They benefited from low. Interest rates. For a whole host of reasons most notably. They raised a ton of money and they put on their balance sheet and they really not paying a whole heck of a lot and i think as it relates to interest rates. You have to ask yourself who really wants. Interest rates to go higher at this point and guy makes a good point that yeah they're going to they're going because the economy is getting a little better. Look at the ten year chart of the us treasury. You'll we thought we had generational lows at about one and a half percent back in two thousand twelve then again in two thousand sixteen then again in two thousand and thousand nine hundred then you consider yourself or you consider how much negative yielding sovereign debt. There is in the world about fifteen trillion and you think about the corporate been john debt and even consumers you yourself who wants rates to go higher then you look at it over a thirty year period and i think we have that chart and it's just upper left to bottom right so maybe you get through that one and a half on the ten year treasury. Maybe you get to that long-term downtrend which would be about two and a quarter. If that is the case then yes equities. You're going to have a very hard time in this environment. Given the state of deficits right

Christian Andersen Karen MEL FED Microsoft Google Us Treasury Carter DAN Amazon Apple John Treasury
Top 10 Team Success Secrets Revealed

Real Estate Coaching Radio

06:02 min | 4 d ago

Top 10 Team Success Secrets Revealed

"So Julie, we are talking about team-building and we were we pick this back up last week and the essence of our philosophy on teams is were being a succinct about it as possible. We are absolute Advocates of building teams, but we're Advocates of building teams that are designed not profitable from the onset not hoping and praying that there's profit left over after the transactions are you know have fluid through exactly. So last week we talked about the things that our team eroding Team Dodge straying making teams fail and we didn't want to keep it all that negative. But some of those things are obvious some of them are underlying until you discover them. So we went over all ten points that are a destructive and now we're going to talk about successful teams what actually makes for a successful team. So I'm going to jump right in if that's absolutely okay. So number one maintaining the magic number of lists wage. All times so successful teams maintain the magic number of listings at all times and know how to replace listings as they sell in a predictable duplicatable way lead generation is proactive prospecting based and marketing enhanced a lot to that one point your team me up for the real estate treasure map. I am indeed. And so what this says guys when she talks about the magic number, it's simply a formula that we both know created basically years ago and lived for years and lived for years. Right when we sold real estate cuz it's love you guys know Julie and I were selling between 100 and 200 houses per year for about ten years old over a hundred houses our first year in business in the early twenties. And so the real estate magic number is simply the number of listings you needed all times do meet or exceed your financial, you know, your goals your expectations your obligations, your commitments, the real estate magic number is not complicated to figure out but it is critical that you understand the concept because it's going to save you from a lot of the pitfalls that frankly ruin agents businesses and their potential reality. We want to give you the real estate magic number. Yep. To give you the real estate treasure map the real estate treasure map the essence of the treasure map the essence of what the treasure map is, it's our fill in the blank business and personal life plan. Its you got a business plan but really truly is a life plan and when you complete this the output is going to be a lot of important numbers the most important of which is knowing the number of listings you need at all times to meet or exceed your financial goals and expectations. So what I want you to understand is that you're going to most likely fall behind your actual potential if you get too distracted from anything other than focusing on the magic number of listings you need at all times. So you should receive this and it is free. You can buy this on the on Amazon, but I want to just give you this book. Okay, it's called The Real Estate treasure map. Just text 20-21 855-685-1055 text 2021 to 85685 10:45. And when you do we're going to text you back a link to not just the treasure map, but also a lot of other great books, including your 12 monthly generation guide and thinking Rich for Real Estate, which is an iteration of Napoleon Hill's great book Think and Grow Rich. Yes only it is practical and tactical translating how you actually use what you read in Think and Grow Rich. So let's say this point just for a second because when I have or you have an agent who's considering joining a team one of the first questions I asked if they've identified a team that they might want to join is does that team actually get listings? Because if they have no listings or very few listings or they're not, you know, established as a really Kick-Ass listing team. You should keep looking absolutely because they're not going to have enough for you but that goes actual circles back around to the you know, free previous points. We made by why teams failed. Yes. The biggest reasons is cuz there are all predicated on buying leads right teams will fail and you'll always fail if your business is dependent on being passive and bring your business. Nothing more to say might drop in K, but I want you to think about this guy's it's a very interesting concept Julie and I teach you to be proactively lead-generating first and and then based off. Want to look at marketing, right? There's proactively generation. There's passively generation or there's proactive marketing and there's passive marketing. Julie and I are always going to tell you to be proactive marketers and Lead generators first. And then if you choose not to be passive, then you can choose to be passive after you've mastered the Art and Science of being a proactively generator. I know that just sounds like I'm playing with words but it really is critically important and here's the essence of why it's important in listen to them. And if you've been in real estate for any amount of time you're going to end you're going to say hallelujah when I'm done saying this ready many of you are being taught incorrectly really bad business techniques where you're supposed to basically by your business and buying businesses in the literal sense from like over paying a referral fees, but it's also from social networking from branding any of those types of passive activities that are absolutely need that guy's of every real estate, you know, evangelist nowadays. They're all going to tell you work on your brand. They're all going to tell you to buy leads or all going to tell you clever Facebook ads and Instagram videos and hell even Clubhouse write them off. Always looking for ways to generate leads passively but here's the ultimate fallacy in that. It's unpredictable. You cannot predict when you're going to get something from the passive be we know that they digital generated off essentially internet generated at or I'm sorry leads are the worst quality leads that you can possibly get oftentimes. No better than just going to an old-school phone book and ripping out like ten pages and having an calling those leads the leads you get from online lead-generation our garbage and you guys know that not that people I'm not saying that I'm talking about lead quality. So be very clear about that. If your goal is to generate a bunch of leads that might someday hopefully within typically it's eighteen months three to four percent will actually transact. There's no guarantee. They're going to transact with you again. Does anyone think about this or tell you the truth about all this? No, they do not why cuz they're trying to sell Young Generation. But the biggest reason why we want you to be proactively generators is because this great analogy that actually are heard which I wish I would have thought of cuz it explains it so succinctly you're going to build a mansion. Yep. Engine is going to be your future. The manager is going to be represent the future of your family maybe but it's a literal Mansion right? It's your financial future. It's your potential reality going forward.

Julie Dodge Napoleon Hill Amazon Real Estate Facebook
There is a Surge Of Coronavirus Deaths in Mexico

The Economist: The Intelligence

07:21 min | 4 d ago

There is a Surge Of Coronavirus Deaths in Mexico

"New data reveal a surge of cova deaths in mexico. The country has officially confirmed more than two million cases. An almost one hundred eighty thousand deaths from the corona virus but mortality rates. Tell an even more grim tale over the past year deaths were fifty two percent higher than in previous years. According to the financial times that puts mexico's rate of excess deaths much higher than that of countries such as america and brazil assembled woman to stay lot yet earlier this month. Mexico's president andres manuel. Lopez obrador widely known as anglo said. We are living in a stellar moment. The kovic spike is far from the country's only problem poverty. Corruption and crime are all on the rise but polls indicate that two years into amyloid term. Most mexicans are willing to give him more time. Mexico's president is incredibly popular. Sir burke is our mexico bureau chief he wanted on slide in two thousand eighteen and he still has approval ratings that most other leaders would be extremely jealous off at sixty two percent as it stands and that's all in spite of what looks like a very good handling of most things most obviously at the moment the pandemic. What do you mean by that. Mexico is a terrible record for covert hospitals are full and oxygen tanks in short supply. It's done very few tests for covid. It hasn't provided very much financial support tool for people who are suffering or being asked to stay home not to work the vaccination which is one sort of bright spot potentially insofar as mexico has lined up enough vaccines to cover its population. But it's a very very slow start. That might be picking up now. But otherwise there talks of ten years to get to seventy five percent of the population being vaccinated. I'm currently this has been a problem again from the top. So i'm low has completely downplayed the importance of the pandemic. He has refused to wear a face mask apart from wants when he flew in an airplane to go to the united states and he got covid himself the stars of this year and he reappeared and everyone thought well. Maybe he'll have changed his mind after this. But he reiterated again that he wouldn't be wearing a face mask so in the face of that pandemic response on wires his popularity still so high so he had this amazing vision for mexico in eighteen. Which is why he won with a landslide. He said. I'm going to do a fourth transformation. These big bold plan to make the country fairer and more equitable ending corruption and crime. And making sure there was economic growth where the gains were fairly distributed so that poor people go rich. The reality is slightly different from the vision so far in the two and a bit years. He's been in power. He's been undoing. The reforms of previous presidents and dismantling that system throwing out the baby with the bath water you could say. And then his new initiatives mainly they seem to fail to solve the problems that they put two and then a of third element is that he's really concentrated power in the presidency and some people say that they get things done and other people think they're more evil intentions behind that well. Let's come back to the throwing the baby out with the bathwater part. What's he'd been doing. In terms of reform he abolished prosper. Which was a very sort of lauded conditional cash transfer program for the poor he also reversed education. Reform was much more meritocratic assessment of teachers. A big one at the moment is he's trying to reverse bit by bit and opening of the energy market. That happened in two thousand thirteen so it was open to private and foreign enterprises which make electricity cheaper and greener on current. Neither congress is debating a bill which would favor cfe which is state owned electricity provider. So they're actually go first into the grid. As opposed to the cheaper electric which is often green provided by private companies. This would obviously raise prices and deti energy but it could also breach the. Us mexico canada agreement. Which is the north american free trade pact to replace after another sort of big thing has been getting rid of or proposing get rid of a lot of the autonomous agencies such as the freedom of information agency all these ones keep checks on the government and what it's doing so well he's been tearing all that down. What's he been building up. Will you say his own initiatives. Don't do what they should. He's very dedicated to fiscal discipline. That's a good thing especially in a so-called left leaning president it's also become very counter productive during the pandemic. The imf is telling mexico to spend more so far it's only spent nine point seven percents of gdp on extra efforts during the pandemic and more needs to be done and some people think this is going to need to scarring that there's going to be permanent drop in output caused by loss of jobs and businesses so the recovery is going to be much much slower in mexico than elsewhere. He's also splashed out on bizarre old-economy projects such as pouring money. Pex the world's most indebted oil company. And then he's putting eight billion dollars into a refinery at the time when no other country is building refineries and it's not clear what economic return that will be from that and you mentioned the big transformative plan was in part about ending endemic corruption and crime. How's that been going. Well either jason. That was point. Four percent dip in murders last year and he proclaimed this dip as a very significant success. But that's after a rise the before and frankly during the pandemic you'd expect it to have dropped them. In in other countries across latin america that also suffer high levels of violence that has been the case he also rejected the previous government's tactic of killing and capturing crime kingpins because led to a splintering of gangs. And you might be worth rejecting that. But there's no alternative puts in place. So i think his vision is that you alleviate poverty and crime goes down. That might happen in the long term but it does nothing to sort out the short term problem the problem of the current chapel as opposed to the ones who are still only three years old on corruption. As you could say he's set a good example so has been good political rhetoric. The stiffer penalties on bribe-taking for bureaucrats. But he's unless strengthen the institutions to carry that ford again it's more rhetoric than actual institutional change or heft. The national anticorruption prosecutors overwhelmed with cases and one government agency suggests that the number of acts of corruption actually rose by nineteen percent between two thousand seventeen and two thousand nineteen. It is as you say not a big list of happy news here. I mean when will that's ring down to the electorate. I mean how long we'll mexicans continue to support him for his failures because he really has persuaded a lot of people that he's like them and cares about the he's very popular because of who he is and his message rather than necessarily what he does. The opposition is seen as corrupt on what came before him was horrifically corrupt. And so he's seen the best of a bad bunch by a loss of people. But you know here's a classic populace and a lot of elite azam Against him they see him as a mexican version of hugo chavez. Which i think is a little bit of an exaggeration. But there's this big divides on the mix of policy failure. I'm power grabbing is is worrying.

Mexico Andres Manuel Lopez Obrador Sir Burke United States Anglo Brazil IMF Congress Canada Latin America Jason Ford
Suns hit team-record 24 3s, blow out short-handed Grizzlies

AP News Radio

00:44 sec | 6 d ago

Suns hit team-record 24 3s, blow out short-handed Grizzlies

"Phoenix jetted out to a thirty one point halftime lead and coasted to a one twenty eight to ninety seven victory over the Grizzlies the sons of one eleven of thirteen Phoenix placed five players in double digits led by twenty three from Devin Booker we just send a high level no I think it opens up everything for us on offense in our yard among the stations right balls popping around yeah we're a tough team to guard Phoenix closed out the first half with a thirty to thirteen run and left the floor with its sixty five thirty four bullshit the break it's night was aided and abetted in a big way by torrid shooting fifty four percent from the floor and a franchise record twenty four three pointers I'm Bruce Morton

Phoenix Devin Booker Grizzlies Bruce Morton
Australia is demanding tech giants pay for news. Google relented, Facebook didn’t

The Economist: The Intelligence

04:14 min | Last week

Australia is demanding tech giants pay for news. Google relented, Facebook didn’t

"A dispute between lawmakers and american tech giant's took a dramatic turn this week for months. The government has been debating a new media code that would force the likes of google and facebook to pay traditional news outlets win linking to their content. The code was approved on wednesday by australia's lower house of parliament and is expected to pass in the senate next week on the same day. Google announced a three year. Deal with news court. The rupert murdoch owned conglomerate that has a big presence in australia's broadcast market google's decision to pay up in line with the proposed legislation was seen as a move to placate lawmakers but facebook took a different approach. Australians waking up yesterday to see the news wouldn't have actually seen any news if they get their news from facebook because on that day facebook decided to block all news articles australia. Tom wainwright is our media. Editor facebook tried to ban just news websites. That was the intention but it eased some kind of machine learning method which didn't seem to go very well because as well as banning news sites they banned all kinds of other things charities the fire service health services a project for children with cancer and most of those were reasonably quickly corrected npr thames. The damage was done people outraged. Why exactly where people outraged well. People are outraged about fact that so many things have been blocked the whence pace to be blocked but people are saying that in the middle of a pandemic is obviously not a great time to be blocking legitimate news sites providing true information about things. You know what the state of current lockdown laws are or where to get your vaccine that kind of thing. Scott morrison the prime minister not surprisingly is capitalizing on this. The idea of shutting down the sort of sorts digest today as some sort of threat. We'll have a strategy is reactive at. He's keen to make this as much of an international question as he can and he's pointing out to other countries are considering these codes as well and and wrestling with the same dilemmas. So i think australia is hoping that other countries will take it side in this battle and so what did facebook say about. How did they explain itself. Facebook says the australia's position basically rests on a misunderstanding about the relationship between facebook and publishers. And they say the actually. When facebook publishes a link to an article is the publisher actually benefiting from that not facebook and so they think that they should be the ones who are required to pay publishers for linking to publish it stories in fact they say the australia last year they reckon that they generated more than five billion referrals to australia new sites which they say would be worth about four hundred million australian dollars and they say actually if publishes thing that somehow getting a deal from this they should just stop publishing their stories to facebook. They're not under any obligations. Have their stuff on that. But for its part. Google made a different decision. Well that's interesting google's done exactly the opposite you know the tech firms faced with this in some ways. Impossible demand know they were told to pay up or take their business elsewhere. Facebook decided it was probably less bad to shut down its news links than it was to set the precedence of coughing up. Google the opposite choice. And it's this week a deal with news coal. Which is rupert murdoch's news organization and smaller deals with of the news organizations the terms of which have been fully disclosed. But the gist seems to be that. They'll basically pay them lots of money and in return they'll be allowed to carry on listing their news articles. And what do you make of those different approaches to this threat of of the differing actions that google and facebook of taking on this i think really reflect the kinds of business that they're in for face but they say the news actually is quite a small part of what they do is less than four percent. They say of what you see on your news feed for google. I think search engine. That wasn't allowed to show links twenty news articles wouldn't be much of search engine and you can imagine people pretty quickly abandoning google and going to something else like say being which is owned by microsoft which has been a chilly diversities these australian reforms. So i think google just decided that it was too big a hit for it to take facebook decided to gamble and i think we'll see in the next few days whether this gamble pays

Facebook Australia Google Tom Wainwright Rupert Murdoch House Of Parliament Scott Morrison Senate Government Wrestling Cancer Microsoft
Retail Sales Rose Strongly in January, Driven by Stimulus

The World and Everything In It

00:53 sec | Last week

Retail Sales Rose Strongly in January, Driven by Stimulus

"Americans opened their wallets last month. The commerce department says retail sales jumped in the month of january after three months of declines. World's kristen flab has that story retail spending soared a seasonally adjusted five point three percent last month it was the biggest increase since june and much larger than the one percent rise wall street expected analysts. Say the six hundred dollar stimulus checks. Sent out at the very end of last year helped get americans in the buying mood beside strong sales at furniture and appliances stores. Sales jumped almost twenty four percent at department stores. Online sales soared eleven percent and spending at restaurants which have been hard hit by lockdowns rose about seven percent last month. Wednesday's report covers about a third of overall consumer spending but it does not include haircuts hotel stays and other services that have been hit hard by the pandemic

Kristen Flab Commerce Department
New York City Covid Vaccine Disparities Revealed in ZIP Code Data

All In with Chris Hayes

05:24 min | Last week

New York City Covid Vaccine Disparities Revealed in ZIP Code Data

"One of the big challenges in distributing the coach vaccine is trying to ensure that they don't disproportionally go to the most communities and as more people get vaccinated in the united states. We're getting more and more data about who's getting their shots. I and the data coming out of cities is well. It's painting a fairly consistent picture in the neighborhoods with the highest death rates from cova which tend to be poorer and more black and brown folks. Fewer people are getting vaccinated by contrast in wider more affluent neighborhoods. Vaccination rates tend to be higher even though a smaller percentage of people in those neighborhoods have lost their lives the virus. So here's an example map in new york city. We have data by zip code there. We should note. The same dynamic has also played out in washington. Dc and other cities so in this section of manhattan's upper east side. That's a wealthy neighborhood. There have been one hundred sixty six deaths from covid per hundred thousand people so far in that zip code sixteen percent of adults vaccinate which is great. That's good we want people to be back but now let's look at say brooklyn's east new york neighborhood much much poor much much much less white in that soco there have been a staggering eight hundred and thirty seven deaths per one hundred thousand people. Think about that. It has been hit so so much harder by the virus but in that neighborhood only five percent of adults have been fully vaccinated compared to the sixteen percent of the upper east side. Now the city not breakdown vaccine recipients by race or account for the percentage of people in a given zip code were eligible but again the broad picture. Here's pretty clear. See playing out across the city and across the country in fact in some poor neighborhoods. Only two percent of adults are fully vaccinated. Well vaccination rates are fourteen fifteen sixteen percent and richer neighborhoods. This is a huge in central problem to solve and discuss it on join. Shell gave stolberg new york times. Washington correspondent covering health policy has been writing about the vaccine rollout specifically so let's just start with the phenomenon. I want to sort of check against myself here that this is something that's happening. That's showing up data that is being produced around the country. It's not just a particularity of new york. No no this is absolutely happening around the country and you can see it in the cdc's national data. I think nationally last week African americans who account for more than eighteen percent of the population were eleven percent of those vaccinated. And we're seeing in disparities around the country here in washington where i am We had a situation where people from wealthy white neighborhoods were going into black neighborhoods to go to clinics that primarily serve underserved people to get vaccinated and it is creating a real disparity and it is completely contradictory to what president biden has said he wants which is a vaccine and a covid response that is centered on racial equity. So there it seems that there's a few factors at play here for why this is a it seems to me that there's a demand issue right is sort of people's willingness and i think we can get to that later. The first thing just seems to me it's one of those situations where a certain amount of social capital connections time or resources to other people to go through the logistics of the planning and the websites use tending to advantage. More affluent. folks is. That is that sort of your understanding of what's driving this yes. I think there's two things that are driving it in one is exactly what you say. Which is more apple and people tend to have the resources to the computers savvy the time frankly transportation to be able to get vaccinated but another big reasons vaccine heston san. We know that people of color particularly african americans are more hesitant than whites to be vaccinated in part because of the legacy of systemic racism and Government experiments like the horrific experiment that still linger in the mind. So there is that issue of hesitancy that the government is going to have to overcome. It wants to see people of color vaccinated. Yeah this is a december pull from. Ap now that's this is know almost two months old now but we we saw huge has seen the beginning huge racial disparity in terms of folks. You know fifty three percent of white people saying they're gonna get vaccinated while in twenty four percent of black folks thirty four percent of hispanic hispanic respondents now. Those numbers have changed a little bit. Even though there are still racial disparities out there examples of places where this is being dealt with forthrightly in a way that is that is sort of reintroducing a kind of equity here well i think that's hard to know in one reason that's hard to know is that the government doesn't really have great data on race the people who are vaccinated but more broadly one of the states. That is actually a really good job. Back stating across the board is west. Virginia and it has back stated i think eighty three percent of its vaccines have been administered in. It's far ahead of most states in terms of effective and quick backseat distribution.

Stolberg New York Times Cova President Biden Washington New York Manhattan New York City Brooklyn United States CDC Apple
The Latest: California restrictions could ease next week

AP News Radio

00:45 sec | Last week

The Latest: California restrictions could ease next week

"Coronavirus restrictions could begin easing in parts of California next week the good news parts of the state are already beginning to open back up business is already starting to take shape governor Gavin Newsom says that's because California's code numbers are improving including test results a month ago eleven point four percent were coming up positive now it's down to three point five percent and that's taking some pressure off thirty nine percent reduction in the number of people hospitalized thirty two percent reduction in the number of people in our icy use hoping to lock in the gains Newsome says state and local officials are building out a robust vaccine distribution system so when the specular supply turns back on which J. and J. and more mature no more Fizer that we have no limitations I'm Ben Thomas

California Gavin Newsom Newsome Fizer Ben Thomas
Robocalls back on the rise

Talking Tech

03:24 min | Last week

Robocalls back on the rise

"In january alone there were more than four billion robo calls targeting in the us tarring phones across the us. So that's a one hundred and twenty nine point five million every single day. That's an increase of three point. Seven percent over the month of december. According to you mail which is a company that provides anti-rebel call services. So we're talking about robocalls now because we're getting in the numbers from last year and everything and we're seeing that even though rebel calls were down slightly in two thousand twenty. They're still higher than they were three years ago. And what's happened is during the pandemic some robo call centers had to shut down because they didn't want her sick evidently With guess smart but they appear to be opening up. And that's why the calls you're on the rise again now. Unfortunately this robocall barrage has led me to just not want to answer the damn phone. You know about ninety. Four percent of unknown calls go unanswered. That's what higher found in. Its survey a recent survey of two thousand consumers and three hundred business professionals now. That's not good if we're not going to answer the phone that's not good for legitimate businesses. Because they just have to keep calling you know about a doctor's appointment or car servicing or whatever so anyway that so there's some weird repercussions happening with all the with the robocall situation. Speaking of the kind of scam calls you get You talked about the car. Warranty the car warranty is really is up there in the most likely scam calls. You got in twenty twenty. It's number two behind social security calls. Then there's auto warranties in credit cards bluefin then health insurance in student loan forgiveness and then calls about it's their the irs which of course they're not They're also were timely. Because of the pandemic and the and the governmental programs with that there were calls about unemployment covid nineteen and stimulus checks now. The good news is that agencies like the fcc in the tc of crackdown on big rebel. Callers and new technologies are to be implemented by call providers By june of this year. But in the meantime you know if you want to try to cut down on some of these robocalls your wireless provider has protection. You just go into your phone and figured out or go onto the website and and see pretty much. Everyone has some protection. I have verizon. And i have a call blocker and since my wife is susceptible to these kind of calls. I paid more for. Call the call filter plus services for her also online the companies. I mentioned haya. Hi and you mail both have mobile apps you can use. And they'll be links to those in story Dot usa today commented rebel calls anyway. Unfortunately you know. In the future rebel collars scammers are always going to try to pivot but maybe those apps and better technical will make us less afraid of our phones. Yeah the one thing i worry about more is the spam text. You know i. It's not as it doesn't seem as prevalent as the robo calls for myself personally. But i have noticed more now that we're getting texts spam tech's now and i start to worry that's going to be the next frontier. Where if these scammers start to get wise about people that answering their phone her robocalls getting crackdown on more aggressively than we're just gonna start getting them in text form a lot more often. Probably likely. I know i've gotten i. Don't get a lot of those. A lot. More phone calls than tex. But i do get things that look like what i assumes can be a scam and i ignore it too so yeah think you're

United States IRS FCC Haya Verizon
Dallas transit shuts down rail service due to severe winter weather

CBS11 News Dallas/Fort Worth

01:36 min | Last week

Dallas transit shuts down rail service due to severe winter weather

"Severe winter weather prompting dart rail operations to suspend service starting sunday at nine through eleven fifty nine on wednesday. Those are the dart rail lines now. The reason the icy conditions on the overhead rail lines that impact frozen switches passenger doors and also power system concerns dart. Bus routes however will continue to operate using the public transit systems. Saturday schedule we have more information on our website. Cbs dfw dot com slash links. The winter weather also causing problems for airports here in north texas. If you have a flight check with your airline ahead of time give yourself extra time to get there so far. Dfw airport today more than three hundred and eighty delays. That's for both departures and arrivals. And more than seven hundred cancellations that also being for flights leaving and headed to dfw and southwest airlines cancelling. Nearly all of its flights. I love dallas love field about ninety four percent winter storm putting stress on texas power grid so many texans trying to keep warm. There is growing concern about power outages. Erica is asking people to conserve energy beginning today through tuesday. They say that can include lowering your heaters to sixty eight degrees closing those shades on those windows to help keep the heat in turning off non essential appliances that includes something as small as a toaster because it still draws electricity. When it's plugged in

Dfw Airport North Texas CBS Southwest Airlines Dallas Erica Texas
Apple had a record quarter in China with the highest ever number of iPhone upgrades

Mac OS Ken

01:32 min | 2 weeks ago

Apple had a record quarter in China with the highest ever number of iPhone upgrades

"It's the new year season in china. And it is looking like a happy one. Four phone apple insider highlights and note from j. p. morgan analyst samir chatterjee. He's looking look at numbers from the china academy of information and communications technology and they seem to show good things for apple. According to the data according to the report mobile device shipments rose fifty one percent in china compared to the previous month that was mostly driven by a sixty four percent rise in domestic smartphone shipments and our national shipments primarily composed of apple devices. Also rose seven percent month over month. The piece goes on to say the total number of internationally produced. Smartphone shipments at six point four million units in january twenty twenty one up from six million december and two point five million and january. Twenty twenty this is one of those rare times. When looking month to month is probably better barometer than looking year to year this time last year china was in the midst of its covert related lockdown. Lots of spending on apps not a lot on hardware the way chatterjee sees it the month growth demonstrates continued momentum for iphone start the calendar year. Chatterjee hasn't overweight rating on apple shares. His price target on the shares is one hundred fifty dollars.

Samir Chatterjee China Academy Of Information A Apple China Morgan Chatterjee
How I Built Resilience: Michael Horvath and Mark Gainey of Strava

How I Built This

06:14 min | 2 weeks ago

How I Built Resilience: Michael Horvath and Mark Gainey of Strava

"But before you want to ask you about the business model Is free to use. There is a paid subscription side to it. it's a freemium model. A lot of brands uses. Dropbox is a great example. We had drew house on the show and think he said something like three or four percent of dropbox users actually pay for the product. But that's more than enough to make it into a profitable business. Tell me a little bit about your business. Because they don't think you advertise on the app. Right we don't we focus on building things. Athletes love to us and are really glad to pay for an tell their friends about that's the aspect of our subscription offering and it's a number of different parts of the experience that you get when you when you subscribe that make it even better And so by focusing on building things that athletes love that builds a great business. Yeah mark yeah. I know i think michael hit the nail on the head. We really like this idea of having just one customer that we can focus on and that is the athlete for us if you sweat. You're an athlete. It doesn't matter what pace you run. It doesn't matter how hard you out. If you're going out and walking the dog on sunday afternoon put it on strava. That's fantastic for them in and for us and so. That's the idea is to focus on that athlete. We love our free members. They're contributing great content and activities and and being part of the community but our focus is to convince them that there's something here worth paying foreign investing in and together. We're going to build over the long term. Npr's a great example as public. Radio's greg sample because we offer all of our content for free and we hope that people will voluntarily contribute to stations and i think almost ten percent of public radio listeners. Do they voluntarily contribute to their station. But it's a social contract is like we kind of hope. Most of you will in that model works. I know you can't talk about because you're privately held and you don't talk about financials and so on so forth but can you give us a sense of whether the business model works i mean. Can you talk about whether you're you're profitable yet. you're right. It as a as a privately held company. It's not something that We share what we can tell you. Is that when we focus on things that athletes love. It really does make for a strong business and so we have. We have starting point of mark mentioned. That customer is is the person who wakes up every day wanting to be active. And we wanna help them. We want to bring joy to their lives in the movement that they do. That is the basis of this twelve year old old company. We started with a team of six of us with an idea that it didn't have to be big. It had to be great. It had to make meet something meaningful impact in people's lives and we're here twelve years later and growing and thriving. It's been a fun journey. And we're really looking forward to the next twelve plus years a lot of folks watching our early stage entrepreneurs small business owners and they look at people like you for advice. So here's a question that i left to to hear your answer on You have investors. You've raised tens of millions of dollars in those investors at some point one a return on their investment so you have resisted advertising on the platform. But you've got tens of millions of eyeballs on your app. I mean you've got a lot of people who who use it How do you resist the pressure to run ads because at that would be an easy way to to clear some cash. It's we watched social dilemma recently guy and you know this notion of if you're not buying the product you are the product and i really. We believe deeply in that thesis. As we're we're convinced that there's a capacity within this fit community to continue to support and grow this business whether investors are excited about. Its we've not felt that pressure from the outside Do we believe that there's opportunities for diverse finding kinds of services. We offer over the next again. Ten twenty years of course but we really are stuck on this principle that you need to understand who your customer is and stay focused the only to add that you also get to pick your investors so for entrepreneurs out there as it is really important to aligned. What you see is the vision for your company with who you're bringing in to help you grow it. And we picked our investors really carefully on that regard. Let me ask you a question about privacy. Okay i'm one of these people who has like twenty burner email accounts and i use that for pretty much everything i sign up with even though i know that doesn't matter because my iphone knows who i am but i've got this this ring here that tracks my sleep. So they know me. It does concern me. Because i i really am worried about privacy. I know you guys had a feature called fly by that you you now allow people to shut it down. Basically allowed you to you. Know when you're passing by somebody you could see. They're running route. And how do you deal with this question of privacy because people are becoming increasingly aware of how important it is to maintain privacy so you. I mean for better or worse. There's a lot of information that is you know that that's on the app that is revealed on straub. You're absolutely you. you hit the nail on the head. It's it's a. This is very important to us. Because it's very important to do the athletes on strava. So we take our athletes data and the privacy of that data very seriously and we are working all the time on trying to make sure that we're providing the right set of tools and understanding of how to use it in the way that you want to. You can use it in completely private mode. You can open it up to a larger circle and you can be completely out there in public but the important thing is making sure you can educate people on how they wanna set that level of privacy for them and for their needs and thinking ahead. So we've done a lot of things over the years and we're never done it's like it's a constant constant pursuit of making sure that people understand how to stay in that mode of feeling. Good about the information they are sharing and we can go some things that have very specific things. Like how do you educate people on and experience that they may not have really understood yet. When i joined so you have to continually remind them that the privacy settings are there and and think ahead and that's why for example making fly bys something that you have to opt into was really important to us so that someone who joined may not even understand what that feature means wouldn't inadvertently be

Dropbox Drew NPR Michael Straub
Twitter Inc. stock rises Wednesday, outperforms market

MarketFoolery

03:23 min | 2 weeks ago

Twitter Inc. stock rises Wednesday, outperforms market

"From the lego movie. Because we've got three stocks that are headed higher today and we're going to start with twitter. Shares of twitter up eight percents. Fourth quarter revenue was higher than expected. We can get into sort of guidance and where this company is going in two thousand twenty one and beyond but what did you think of the fourth quarter. What stood out to you. Yeah i mean. It was a really impressive fourth quarter. I'm sorry as always. There's some background noise. It's like the world when i'm recording. Something at to be loud behind me. So i'm sorry about that but like new york city that surprising that there would be back. There are always right next to my window but that the fourth quarter was really impressive. They're revenue was one point. Three billion up twenty twenty seven percent. It was actually Their highest ever in a quarter their global there was this broad-based recovery in advertising revenue their. Us revenue was up twenty four percent. They're international revenue was up thirty four percent. They're japan which is actually their second largest market. Their revenue was up twenty six percent to fourteen percent of total revenue and so that all kind of reminded the investors of twitter. How global this platform is jack. Dorsey made appointed statement without naming. Any names saying no. The platform is much larger than anyone topic or anyone account. Eighty percent of the audience is outside of the us. There are many accounts with over twenty five million followers so strengthen this quarter i think just reiterated to followers on twitter and people who are investors that such a global platform and that. It has a lot of room to grow in. It's going to keep growing hopefully and in terms of the stock performance. It's up it's up today. It's up over the past year about eighty percent. You and i were chatting Earlier today and when we were talking about twitter and one of the things i said was twitter just seems like one of those companies. That can't get on a hot streak. They really can't string together. Three or four or more Really great strong quarterly reports in a row. The performance over the past year sort of goes against you know what i just said. But how optimistic do you think. Shareholders should be about twenty twenty one. I think twitter is really interesting because we have seen you know a return with advertisers. You see that. Advertisers are choosing to spend money on ecommerce on social platforms. That's where they're going to get the best return on their advertising dollars and so. I think that we haven't really figured out where twitter is in how effective it is for advertisers and users. You know it's clear when you're on instagram. You could be shopping for clothes when you're on pinterest. You should could be shopping for home decor. I think it's hard for people to make a clear connection between people who are scrolling through politics twitter to know you know. What are you now buying. And so for an advertiser. What is the of being on this specific platform versus many other platforms. And i think you know that's what we need to keep looking for an understanding four when it comes to twitter as why do advertisers need to go to that platform and it's

Twitter Dorsey New York City United States Japan Jack Pinterest
A Third COVID Vaccine is Poised to Enter the U.S. Market

Business Wars Daily

03:14 min | 2 weeks ago

A Third COVID Vaccine is Poised to Enter the U.S. Market

"From wondering. I'm david brown. And this is business. Wars daily on this tuesday february night twenty. Three million americans have already rolled up their sleeves to receive at least the initial dose of either the pfizer vaccine or the moderna vaccine designed to prevent covid nineteen. Well now a third vaccine is on track to enter the us market. Johnson and johnson's corona virus vaccine just wrapped up a long-awaited trial and hopes to clear. Fda authorization by the middle of this month. The lure of johnson and johnson's vaccine is that unlike modera advisor it can be delivered in one shot that make distribution simpler with no need to follow up with a second dose. It's also relatively inexpensive compared to the others and while moderna advisors vaccines have to be stored at just the right temperature. Well below freezing. Johnson and johnson's doesn't have those stringent requirements for storage. It can stay viable in just a refrigerator for around three months. That means the vaccine will play a big role globally because it's easier to distribute to low and middle income countries. According to the new york times but the results of johnson and johnson's trial were a bit disappointing. At least at first glance trial results indicated that it was seventy two percent effective at preventing moderate to severe symptoms of covid in the us. That number is sufficiently lower than modern and pfizer's overall efficiency rates of around ninety four percent and johnson and johnson's rate drops to sixty six percent in latin american countries and to fifty seven percent in south africa which is dealing with a variant strain of the virus. But don't let those lower numbers food you scientists and immunologists say that johnson and johnson's vaccine is still extremely effective and researchers have warned that you shouldn't compare the effectiveness of the three vaccines because they were all developed and tested at different periods of kovic evolution. Dr william shafter an infectious disease expert at vanderbilt told the new york times that pfizer and moderna had an advantage because those companies did their clinical trials before the variant strains emerged. He said quote. Johnson and johnson was testing. Its vaccine not only against the standard strain but they had the variants now in a perfect world. Consumers might get a choice of which of these vaccines they'd like to receive but that would only be possible if there were enough doses of all three and right now. That's just not the case in early january. The new york times reported that the us only had one hundred eighty five million doses of pfizer and moderna vaccines to cover americans through june and at the same time doses that were produced quickly now risk expiring before they can get into the arms of those who need them. Johnson and johnson says that if they're vaccine is approved they can produce around one hundred million doses of their

Johnson Pfizer Moderna Advisors David Brown The New York Times Dr William Shafter FDA United States Moderna South Africa Infectious Disease Vanderbilt
"four percent" Discussed on RNZ: The Detail

RNZ: The Detail

06:56 min | 7 months ago

"four percent" Discussed on RNZ: The Detail

"This you know this is a complex wicked problem and that there is no. Single causes. No single solution. And it's the culmination of all these things are win carbon happened. The first thing that we did was to really understand what might be the impacts and prepare for the worst I. think it be irresponsible for us not to prepare for the worst and some work that I, take the Economic Development Agency for Auckland and ourselves have done is predicting fifty thousand unemployed people South and we still cleanse. And the population of war what? Example the population here in South Oakland is three, hundred, twenty, thousand But remember we're very useful population here in the south with forty percent of people being under the age of twenty five. Sorry. In terms of working population working age population, it's actually quite a large chunk and. Forty thousand of those people are expected to become unemployed part covered. So a lot of them will have been workers who have now been made redundant and Al Concern now is that we get them back into the labor force as quickly as possible to try and minimize employment scarring because what we don't want people who are perhaps experiencing frictional unemployment. So just between jobs now becoming structural because if we had fifty thousand people experiencing structural unemployment and we really really would be in trouble. Vets trenched. Okay. This fogler of forty thousand. A you taking into account more than those people who are going to weaken income and saying that they haven't got a job nor that doesn't include paypal who are. Not Officially, underway made doesn't include young people under the age of twenty five nate. So not in employment education or training, but not all of them will necessarily be able to use a main benefit. What it doesn't account for is people who just not active in the labor market, but neither are they expressing any income support. So if we included that figure, it would be much more significant than what we're talking about, which is the forty thousand and I. think that's a really important point because the challenge here in South Auckland has always been underutilization. It's not just a case of unemployment I. Think People kind of unemployment is a universal measure which is used internationally. So we understand it well, but actually the real challenge of the. The South is people here, working jobs that aren't pie enough having to work excessive was no one should have to work sixty hours a week to earn a very modest income to support them and their families all their skills smashed and there being you know grossly under employees. You've got this forty thousand may jobless by COVID nineteen already out there over the next twenty, four months. Okay. So it may not be forty thousand now, but you're saying this period of time, it'll be forty thousand, and then you've also got the underutilized workers. It's a pretty frightening prospect to think of all those people and the families having such a severe drop an come. Will possibly engulf entire neighborhoods our communities. SAR. With being working with tate and other partners to understand what's really going to take to turn this crisis into a world leading opportunity, and we think that that we can do it. Even. Before lockdown the southern end wasted initiatives were running here. Walker ignore it's a program that works with Mardi and PACIFICA businesses to help them participate in the tendering process and when contracts and things like infrastructure and construction. So in a funny kind of way businesses booming for some companies, anyway, the program had helped procure around twenty, two million dollars of contracts before lockdown and another twenty million cents at means that they could confidently Cape on their staff knowing they had work. At the end of the tunnel, and now we're actually in a situation where we'll have created hundreds and hundreds of new jobs and vacancies, and then mostly infrastructure countries. So that's the good news, but you all talking about forty thousand people unemployed in the region post covert over the next couple of years. A drop. Yeah compete with the jobs that need to be found your rights it we're going to have to. Tackle this challenge at sky, and that's going to require ossis local government. It's going to request central government to back an economic recovery and growth plan. It's really targeted to the challenges of South in West Oakland, and he is the plan. One of the things that we've identified with colleagues from waste is that you know. Aucklander, seend. Billions of tons of waste to landfill re point six, billion tonnes. Every year must have that's commercial. But in that are valuable resources that are just getting buried under land phyllis, three, million dollars, worth of reusable things that we are burying in the ground for future generations to have to pick up the TAB. Now, with being working to give that to identify that, actually, we could have a large scale resource recovery Hob here in the south that would create thousands of jobs and it would I will ask to tackle. Serious challenge with waste, we've already done a number of Charles and experiments. So for example, fifty percent of all waste to landfill comes from construction. But. We can deconstruct and Selva Jr that waste in a way that it can be used again and again, and again, a dozen have to go into Info. That's IT for today I'm Sharon Break Kelly. The detail is brought to you by newsroom dot co dot inside and made possible by inside and incident. Can Get. US downloaded free t mobile device every weekday from podcast platform, and if you using ever leave us a rating, so other people can find us to today's episode was engineered by Jeremy Ansell and produced by Alexia Russell and thanks jared and Tanya Pu. Fatty. Mattie. One..

South Oakland South Auckland Economic Development Agency Auckland Sharon Break Kelly Oakland Al US nate Selva Jr Mattie tate Charles Cape Walker Jeremy Ansell PACIFICA
"four percent" Discussed on RNZ: The Detail

RNZ: The Detail

07:28 min | 7 months ago

"four percent" Discussed on RNZ: The Detail

"We live in half. Actually jumped a bit above us. Yeah. and that's what you would expect to see in a in a situation like that where you've lockdown and even as you come out of lockdown, you're working few ellison. What you would like to do that I. Think reflects what what was saying out on the ground and also the the Slava Wijers growth. What can you do with this information? Now, if you feel like that unemployment get the full. As. Just rubbish. I, mean, do you just forget about it? I. Think. So you look through it and you say, well, this is a this is a number which clearly doesn't. Accurately reflect the situation in the economy right now, we look at the under line, right which life giving us, which is little point six, and even then we'll look at that and say, probably a little life and we we sort of through I. Well, the Knicks, quotas numbers, probably more important when we actually get a bit a sieve I and a bit of feel for what's going on. But the good news in this is that we we think these Connie is performing better than we thought months ago. Looks like we're going to get few people unemployed through this crisis. So it's definitely an positive here. But. There's still another six months to play out. We need to sort of see how employees is react to white subsidies coming off, Kenai afford to pay their workforce and they. They, the point six percent. This is the extended unemployment writers at create. If we can. You explain what exactly is that they have tried to take into account the people in lockdown who couldn't actively seek work? And include them and a broader definition of of unemployment and that Kinda full point six percent over the quarter. What they did those. I gave us a weekly reading that increased from around four point, two up to about four point nine by the end of the quarter said. To us that trend is in line with what we were. Expecting You know we were calling for an unemployment rate of five point two, and if that's four point nine and that's pretty close. And, it looks like that trend will continue into the current quarter and possibly to the end of the year depending on what happens with the way subsidies. These another figure buried in the statistics, which is far more significant and Farley's favourable the participation, right. So the number of people who are actually participating in the workforce well you know that that has dropped as you would expect, okay, and what's that come out at the time? So it fell to sixty nine point, seven from seventeen point, five percent. That that is actually a meaningful declined and what that means is if you lose your job not everyone. Guys onto an unemployment benefits, I mean we we've heard quite a few anecdotes of people. Losing, their jobs but there overnight age where are selling in Oakland decided. Well, okay. Now is more time. to lease and hitting out into the regions using this as the. you know reason to to move on so that I someone like that loses a job, but then leaves the live in market That's where you see your dropping participation. But you have they lost a worker. and that obviously doesn't show up unemployment, right? They figures from the household labour force survey a really important. Now, I'd actually spoken to jared by skype the day before because I wanted to get a real feel for how these labor stats work. Look. It's probably one of the the K. indicators that way economists look at. It tells you so much about your economy at any point in time. If you know you're on employment, right is rising lot. We're expecting for whatever reason while that car lights with. Deterioration in. Just, about everything in your economy. So when when we run now models with stress testing ourselves as a bank, we're looking at unemployment right and when unemployment rises substantially. You stop thinking about well, house prices a against that coming off. Gone to say, you know an increase in in leases and commercial property might being problems that really is probably one of the most important indicators we have as communists, the problem with this is. Hard to calculate accurately took in times of stress lot this. So one number at might say unemployment is down, but the re say the labor market has shrunk and that period eleven thousand people lost their jobs, ten thousand women, and another of the figures that is really disturbing covers. Young People Fifteen to twenty, four year olds. Those not an education employment or training have gone from team point, five percent to twelve point five percent. Possibly be the worst couple of dollars. Thank, you very much. I want to get a closer look at how a region with a high youth population tackles that number amid. Auckland. Council's highrise officers in the middle of Monaco, city, center the bus station shopping and business centre in the to Sri Institute. Tiny Pie, and social entrepreneur here with the southern and Western teams, right. What what's an entrepreneur? So. Enterpreneur is someone whose job is to disrupt unproductive bureaucracy mock failures, and to be a change agent with an inside a big bureaucracy like Auckland. Council. What has happened over covid nineteen because I guess, I approach to because I wanted to say. The impact of Covid, nineteen on a region like South Oakland traditionally has very high unemployment among Mari and Pacific Young Pole, and I, have come here expecting. Even worse news than what would be. So can you tell me what has happened here where we are preparing for the worst? If you look at the history of economic downturn SPEC into the late seventies? and. After the oil shock of the early seventies, and then you know unemployment really starts to buy full monty and Pacific from nineteen, seventy, seven and. then. You've got Roger, Nomex they near got. You know the mother will budgets, employment contract exceeds. All of these things have lead to the situation that we're experiencing. Now, one of the frustrating things that I find is that people think that this was always what South Oakland was like in fact, you know we had full employment right up until the early seventies. So didn't just wake up one day and decide to be feet close. This is about how the macro economic situation has a feat judge people and for modern and PACIFICA, we have been feet did hottest for longest and never really recovered and.

Oakland Slava Wijers ellison Knicks Auckland Connie Kenai covid Farley jared PACIFICA Roger Monaco Enterpreneur Pacific Young Pole Sri Institute
"four percent" Discussed on RNZ: The Detail

RNZ: The Detail

07:29 min | 7 months ago

"four percent" Discussed on RNZ: The Detail

"Cure I'm Sharon break Kelly, today on the detail states in figures show unemployment levels are four percent for the June quarter. That's a full from four point, two percent in the March quarter. The number that no one picked that says, fewer people were unemployed during lockdown. It's the first quarter to include the COVID, nineteen lockdown with Treasury early forecasting, it would reach eight point three percent, but don't be fooled by this number. Is Rubbish we delve into that data and I hit to South Oakland where it's expected covid nineteen. We'll put an extra one and teen wolf has out of a job over the next twenty, four months. It's a pretty frightening prospect to think of all of those paypal and the families having such a severe drop and Tom will possibly engulf entire neighborhoods. Entire communities. This is a big bold plan to stop this evening, and he is a hint something called green new deal. But I what's behind those labor numbers from the second quarter of the year we're talking April may joan jared us to fantastic headlines when you seen your. Your emails. What kind of He'd line which you put on this. Beware. Really. Kiwi thanks, chief economist jared couture, and that was his reaction just minutes after seeing the figures from the household Labour Force Survey released by states in. Did I mean these on just looking through these numbers? They are just. Unbelievable. Unbelievable is the exact him. In fact I, think you've just given me the title that we need 'cause because when we look at these numbers, they are unfortunately unbelievable. the the unemployment rate that the State Department has generated as complete rubbish. And if you look at the underlying messages, shows me a employment right closer to four point six percent, but they have actually given us a sort of a weekly trained in that under lawing unemployment rights and it's closer to four point on saints. At the end of the quarter, what happened was when the vice is done? People were in lockdown and you're in lockdown and you couldn't actively. Seek employment because you're in lockdown, you weren't considered TO BE UNEMPLOYED. So the unemployment right itself is rubbish up when you actually look at. The level of employment, the employment, right? It's all down the underutilization, right, which is probably more important. Rose from a team to saint twelve percent That's the biggest jump we've seen I think in decades. So there is some weakness underneath. The surface, but broadly speaking, I would say, this is a, this is a report that show white subsidies subsidies work like this time employees get five, hundred, eighty, five dollars a week, three, fifty, eight, the part time is it's Pie. A lump sum covering twelve weeks work for employers who suffer a thirty percent decline and who promise to keep staff on the four out of five days. A week run of the way subsidy is done as of last night, twelve weeks is up to the eight week. Extension is underway. It is tougher to get and other measures clearly helped during lockdown and we are in a much better position than we have. You know a few months ago. You picked a five point, two percent unemployment, right? And that was pretty optimistic compete with others. You know there was such a discrepancy but neither depict four percent. and. I think that's that's the issue for four percent is just it's just absolutely unbelievable. When I think it's ridiculous that the State Department actually published that we made an ounce of credibility. In these figures and we know it's the kind unemployment right now we. Four percents and it's just a product of forces, I and I very difficult time. This is the official unemployment media, which has some really good things going for it, but there's also a survey with really strict parameters of what unemployed and you have to be actively looking for work to count as unemployed. We need site support, SUV, I. Do you think that they haven't gone to the right people or what? Look at its notoriously votaw as it is but I, but I think that what what we've seen here today is. The, publishing of a number, which now on can believe. So we just look straight. Through it there should have been, you know a process where they looked at that and Gomo clearly. Unemployment, right hasn't fallen during the greatest economic recession and hundred. Years. Maybe. We should revise the numbers or come up with a bitter outcome because you know the screens that we're looking at right now and the world is is looking at, as says that New Zealand unemployment rate has fallen and and you know my guess making us look better the laughing store, can you explain to me how they go about the survey? So it's a survey of a belief sort of fifteen, sixteen, thousand people at a at a at a point in time the problem with this particular sieve. I was obviously impacted by lockdown and was looked down at least and possibly after Falungong. people who was sort of in limbo and went looking for jobs because there was no, no was hiring. But other countries have. Yeah. High frequency surveys and numbers that have shown a kid terry writing in, you know employment and unemployment over over lockdown, and we've seen that here as well. I. Think. You know all the anecdotes that you get. Suggests that the the unemployment rate is much harder than than what we've been given today, and it's unfortunate that with sort of looking at a at a four percent rather than something that was probably more realistic around five. What kind of questions are they asking those people and the survey? Well. One of them was you know you actively. Seeking work, and if you're in lockdown, you cannot actively be speaking with 'cause you're in lockdown. So. He went counted. So there are some some issues that I think could have been dealt with a base, and that's what they tried to address it with the underlying rights, which is closer to four point six percent will full point nine percent at the end of the quarter that sort of online ripe potentially could have been. You know the headline rights and we would have taken the number most seriously what numbers he had. Do you take seriously? We take the underutilization right. The fact that has lifted as we as we suspected and utilization, which includes both the unemployed and those who could work more rose to its highest level. Since records began twelve percent. The fact that employment growth has come off the employment rights down the fact that wages was soft even despite quite a. In. The minimum wage, there is some weakness beneath. The nicest which matches what what we've been saying in the in the economy. So what's IT underutilization? What was the figure you were picking?.

State Department COVID paypal Oakland Cure joan jared Kelly Tom jared couture chief economist Rose household Labour Force New Zealand official Falungong.
"four percent" Discussed on KLBJ 590AM

KLBJ 590AM

07:47 min | 1 year ago

"four percent" Discussed on KLBJ 590AM

"All I have to do is drop the interest rate to three point five or four percent and many struggle to pay the loan to be able to pay them this is a government make crisis they don't want to help those who need help they'd rather have victims who suffer in their suffering go down the road to serfdom Richard I don't know about much about student loans I do know that I looked at taking out massive loans I had I was looking at after my application process and I was looking at the business school at NYU and the Wharton school of business at university Pennsylvania and I just look at the amount of money I was gonna have to borrow and said I I just don't want to do this I didn't like the idea of having that kind of that amount of debt that bothered me that really bothered me now some people do it and it's well worth the denominator but I also I I hadn't to build up any assets so I was really going to have to be paying them off right away from whatever earnings I had but we all make different decisions what can you do job it's bar good luck with your move I do have to move a bunch I lived in eleven states in several places in each totaling at least twenty seven homes and no and not military take care of your back and your sanity yeah thanks John you know moving is moving is not fun and it's it's not a process that I think you get better at the more you do it's one of the rare one of those rare things that every time you do it it's annoying every time you do with their new problems in new challenges I I can honestly say I have not gotten better at movie I have not established any more skills and being it could add new th the new things different things it all kinds of stuff all kinds of stuff let's see here GNR but what you were talking about truly in Greenland a favorite movie mine came to mind private Benjamin I had our hair when faced with being restaged and as a penalty for calling out sexual abuse the commanding officer wanting her as far away as possible to clear green land her response Greene lands what penguins hello well loved it she ended up in Europe brilliant shield side box I don't know thank you Jeannie I don't know what we're talking about here I don't know what is private Benjamin the movie is a movie producer mark you heard us out of the fence to million but I haven't seen it sounds like and might be one I don't I don't know Pablo Herr Bach I know this will never happen I have an idea for gun control here we go I say incorporate the education system with gun safety courses start in late elementary school fifth or sixth grade with gun safety rules on paper as the children get older have interviews different types of guns I believe this would give children more respect for weapons on a totally different subject watch the Netflix movie the package it's not going to win any awards but is ludicrously Hilarius okay first off thank you for the recommendation I will check that out and as for gun safety courses I I do wish that there were some different offerings in school and I I think it would have been really work what toll of talking before about how I think a a personal finance class people should learn this maybe we should be taught in school what what what we should be doing with money at an early age what compound interest is what it we should we should be taught wealth creation I'm just gonna say it that doesn't mean you rich necessarily just means you have an understanding of how to leverage whatever assets you acquire for maximum financial security even to increase your own personal prosperity I mean I knew people that were working for the government for example and starting in their early twenties they go overseas they bank all their money and they came back and I remember I spoke to a guy who is a contractor for the government overseas he was like in his late twenties and he told me that you know he had put away six figures of the after taxes over the course of his first year being overseas he was investing in things investing in property and I was like I was twenty five or twenty six is it really invest I had no idea some people should learn these things at an early age and and understand and also then they can make better choices about in what what what matters to you what kind of lifestyle do you need to have to be happy we have somebody offered me the ability to do a job that I love but just have enough money that I could pay my bills and and be happy that's perhaps more valuable to me than trying to chase the golden ring of being a really wealthy person but you want to have an understanding of what those different paths are and how you would pursue them and not just fall into things and try to figure it out see we got here friends a bit Aries hit the deck it's Aries friends a better show I've heard a lot of women say that but you're the first and only allegedly street due to say yes that's not a not that there's anything wrong with but either way but whatever friends better shelves cassette which is the more entertaining show that has stood the test of time more yeah I knew that was going to happen Sheik and Kelsey book lover show been listening since just after O. S. assets ever who lives in the smartest guy on radio on it so kind Jake and healthy thank you on your comments from today about Omar and the intersection alley you're right that all those layers exist the force the left wing media backer regardless of what she says or does that is unless we're in Bizarro world and she wore a conservative thought experiment imagine this female Muslim former refugee member of Congress were actually a conservative and a huge Donald Trump supporter how would she be treated then with upon her she'll talk well you look at me a love for example who is a I think she's considered conserves W. Republican as W. G. O. P. and she I believe is the children of Haitian immigrants and she's a I think she'll Mormons on Utah and she never got the benefit from the media of being a female minority member of Congress that was really very little celebration of that because she's on the on the team that they won't support which is G. O. P. eighteen conservative RG that's going to be here for the show my gosh fifteen months in DC that's what it's been fifteen months here but I'll tell you this we are going to be reinvigorated I'm so excited I've got new things that are going to be happening when I get to New York we're gonna be moving show earlier a little bit earlier in the day for those in a podcast listeners which is gonna be really great so all you'll be able listen and drive time if you want to we've got plans to stream the show on video we got all kinds of cool stuff that will be happening so that's that's something look forward to thank you all for supporting me for being so helpful and am wonderful cool one during my time down here in DC it is felt a little bit like a a a a comfortable exile I'm excited to get back to my hometown to the Big Apple the NYC I'm sure I'll.

fifteen months four percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:40 min | 1 year ago

"four percent" Discussed on NewsRadio 1080 KRLD

"On withdrawing four percent of our account value. Today, I felt inclined to show you how this is not something you can count on. Wouldn't you rather can on guarantees then assumptions wouldn't you rather? Have your retirement based upon an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income, you could never outlive. Commie now for our free smart money book at eight seven seven five one radio, that's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions. Once again, our number is eight seven seven five one seven two three four six. Now let's move away from the numbers for a second and talk about the real problem with the four percent. Withdrawal plan. He say if your plan is to take your pile of retirement money and withdraw certain percentage from it. And at the same time, exposure, money to high risk fees and assumption instead of guarantees, then you have a plan for death, my friend. In other words in order for your mind to last, you the rest of your life, you have to die before you run out of money. Do you know when you're going to die? I hope not guess what? Your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer is you can't if you're using account subject to risk coffees and assumptions imagine the moment that you're about to run out of money, you saved your entire life and some financial planner..

four percent eight percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

02:02 min | 1 year ago

"four percent" Discussed on NewsRadio 1080 KRLD

"Based on withdrawing four percent of our account value. Today, I felt inclined to show you how this is not something you can count on. Wouldn't you rather can on guarantees than assumptions wouldn't you, rather? Have your retirement based upon an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income, you could never outlive. Call me now for our free smart money book at eight seven seven five one radio, that's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions. Once again, our number is eight seven seven five one seven two three four six. Now let's move away from the numbers for a second and talk about the real problem with the four percent. Withdrawal plan. He say if you're planning to take your pile of retirement money and withdraw certain percentage from it. And at the same time, exposure money to how risk fees and assumption instead of guarantees, then you have a plan for death, my friend. In other words in order for your mind last, you the rest of your life, you have to die before you run out of money. Do you know when you're going to die? I hope not guess what? Your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer is you can't if you're using account subject to risk coffees and assumptions imagine the moment that you're about to run out of money. You save your entire life and some financial planner. So that if you take four percent out of your pile of money each year you'll be set for life. It seemed like a good plan. But here you are watching your account and moved to zero and wondering what you're going to do. You suddenly realize that you're solution was based on you dine before you ran out of money, but you live longer than your money. It's an irony, this not.

four percent eight percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:57 min | 2 years ago

"four percent" Discussed on NewsRadio 1080 KRLD

"Withdrawing four percent off our account value. Today. I felt inclined to show you how this is not something you can count on. Wouldn't you rather can on guarantees then assumptions, wouldn't you rather have your retirement based upon an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income? You could never outlive. Call me now for our free smart money book at eight seven seven five one radio. That's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions once again, our number is eight seven seven five one seven two three four six. Now. Let's move away from the numbers for a second. And talk about the real problem with four percent withdrawal plan. He say if your plan is take your pile of retirement money and withdraw certain percentage from it. And at the same time exposure money to have risk fees and assumption instead of guarantees, then you have a plan for death, my friend. In other words, in order for your mind last, you the rest of your life. You have to die before you run out of money. Do you know when you're going to die? I hope not guess what your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer. Is you can't if you're using account subject to risk hot phase? And assumptions imagine the moment that you're about to run out of money. You saved your entire life and some financial planner. So that if you take four percent out of your pile of money each year, you'll be set for life. It seemed like a good plan. But here you are watching your account move to zero and wondering what you're going to do. You suddenly realize that you're solution was based on you dine before you ran out of money, but you live longer than your money. It's an irony is not properly.

four percent eight percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

02:00 min | 2 years ago

"four percent" Discussed on NewsRadio 1080 KRLD

"On withdrawing four percent of our account value. Today. I felt inclined to show you how this is not something you can count on. Wouldn't you rather can on guarantees assumptions, wouldn't you rather have your retirement based upon an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income? You can never outlive. Commie now for our free smart money book at eight seven seven five one radio that's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions once again, our number is eight seven seven five one seven two three four six. Now, let's move away from the numbers for a second. And talk about the real problem with the four percent withdrawal plan. He say if you're planning to take your pile of retirement money and withdraw certain percentage from it. And at the same time exposure money to how risk fees and assumption instead of guarantees, then you have a plan for death, my friend in other words in order for your mind last you the rest of your life. You have to die before you run out of money. Do you know when you're going to die a hope not guess what your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer is you can't if you're using account subject to risk coffees and assumptions the magin the moment that you're about to run out of money. You saved your entire life and some financial planner. So that if you take four percent out of your money each year, you'll be set for life. It seemed like a good plan. But here you are watching your account moved to zero and wondering what you're going to do. You suddenly realized solution was based on you dine before you ran out of money, but you live longer than your money. It's an irony. This not.

four percent eight percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:59 min | 2 years ago

"four percent" Discussed on NewsRadio 1080 KRLD

"Four percent off our account value. Today. I felt inclined to show you how this is not something you can count on. Wouldn't you rather can on guarantees assumptions, wouldn't you rather have your retirement based on an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income? You can never outlive. Call me now for our free smart money book at eight seven seven five one radio. That's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions once again, our number is eight seven seven five one seven two three four six. Now, let's move away from the numbers for a second. And talk about the real problem with the four percent withdrawal plan. He say if you're planning to take your pile of retirement money and withdraw certain percentage from it in at the same time exposure money to have risk fees and assumption instead of guarantees, then you have a plan for death, my friend in other words in order for your mind last you the rest of your life. You have to die before you run out of money. Do you know when you're going to die? I hope not guess what your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer. Is you can't if you're using account subject to risk phase? And assumptions the magin the moment that you're about to run out of mine, you save your entire life and some financial planner. So that if you take four percent out of your pile of money each year, you'll be set for life. It seemed like a good plan. But here you are watching your account moves zero and wondering what you're going to do. He suddenly realized solution was based on dine before you ran out of money, but you live longer than your money. It's an irony. This not.

four percent eight percent Four percent
"four percent" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:57 min | 2 years ago

"four percent" Discussed on NewsRadio 1080 KRLD

"On withdrawing four percent of our account value today, I felt inclined to show you how this is not something you can count on wouldn't you rather count on guarantees than assumptions, wouldn't you rather have your retirement based upon an eight percent growth in a lifetime income account that could be used to guarantee your lifetime of income. You could never outlive. Call now for our free smart money book at eight seven seven five one radio. That's eight seven seven five one seven two three four six. Our plan is based on guarantees not assumptions once again, our number is eight seven seven five one seven two three four six. Now. Let's move away from the numbers for a second. And talk about the real problem with four percent withdrawal plan. If you're planning to take your pile of retire money and withdraw certain percentage from it. And at the same time exposure money to how risk fees and assumption instead of guarantees, then you have a plan for death, my friend in other words in order for your mind last you the rest of your life. You have to die before you run out of money. Do you know when you're going to die? I hope not guess what your broker does not know when you're going to die either. So once again, how you decide how much is too much to take out of your retirement money. The simple answer is you can't if you're using account subject to risk coffees. And assumptions imagine the moment that you're about to run out of money. You saved your entire life and some financial planner. So that if you take four percent out of your pile of money each year, you'll be set for life. It seemed like a good plan. But here you are watching your account and move zero. And wondering what you're going to do. You suddenly realize that you're solution was based on you dine before you ran out of money, but you live longer than your money. It's an irony does not.

four percent eight percent
"four percent" Discussed on WMAL 630AM

WMAL 630AM

01:45 min | 2 years ago

"four percent" Discussed on WMAL 630AM

"Four percent. Total sales were down fourteen percent, the fifth straight quarter of falling sales. But high end housing is still strong says realtor noble black with Douglas element. I think the prices have been resetting, but the market in general is still a lot of people are still holding on to their original pricing. So you're seeing deals that are being done. But it's all a matter of value. And it's hard to say exactly where the value is. We're probably back to twenty thirteen pricing a lot of ways. But the high end frankly is doing the best in New York City of any of the markets right now. Black spoke on CNBC, the housing market Vegas was sizzling in two thousand eighteen but has now slowed a bit thanks in large part to rising mortgage interest rates, according to local real estate brokers, but Vegas remains a very popular place to buy a home says realtor Bob Hamrick. He tells FOX five TV in Las Vegas that. Most of his buyers are coming from California. There's so much that's working in favor of of Las Vegas from a tax standpoint against California, certainly from a pricing standpoint, there's a lot of questions about what's happening with interest rates. What's happening in the overall market? But suffice it to say we're extremely bullish on Las Vegas agents. Tell the TV station that the best time to buy a home in Las Vegas will be in the first quarter of the year since sales always pick up soon after the Super Bowl. The mortgage market is not adequately meeting the lending needs of self-employed households. So says a recent report from the urban institute, researchers found that self employed people who account for nearly ten percent of US households were hit hardest by the housing crisis and have been slower to recover. The urban institute report says factors beyond income such as tougher mortgage availability or requirements of appendix Q are likely at play now in the mortgage application process. Appendix Q is used to determine monthly debt and income coming.

Las Vegas urban institute Bob Hamrick California CNBC New York City self employed Douglas US FOX Black fourteen percent Four percent ten percent
"four percent" Discussed on KSFO-AM

KSFO-AM

02:49 min | 3 years ago

"four percent" Discussed on KSFO-AM

"On a four percent withdrawal guideline i would shoot for eight hundred thousand with a four percent withdraw guideline and most of that withdrawal should be made up of interest in dividends and so a sun some some years you you could get it all from interest dividends and capital gains distributions from noload funds for example so i i would shoot for that as a goal where where are you right now what what number do you have right now toward that eight hundred thousand are you are you talking total assets no i'm talking about what you would consider to be an investment portfolio that would generate potentially general tour down your withdrawal i very low on the actual cash at this point i have i'm including i'm not just talking cash also including stocks and bonds and cds and other investments well that's basically i just have the property and about fifteen thousand cash between savings at and worth what's the value of the property the property's worth approximately one hundred seventy right now but there but they're supposed to be a very nice property value increase with because where i live in arizona there's an interstate coming through and some big businesses coming in so our property values are supposed to go up nicely which area there is that very west end of phoenix buckeye so i said we have one hundred seventy thousand property you think you have some appreciation potential there and you have fifteen thousand in savings and how much time do you have to put this put this money together i'm fifty four so i if i actually waited till i got social security i would i'd have thirteen years thirteen years if you were to put fifty thousand a year away you would've saved six hundred fifty thousand and then you could you certainly could grow that to some degree if you were to put forty thousand a year away for thirteen years you'd have five hundred twenty thousand invested you might have a shot at getting that update hundred thousand it's gonna require a tremendous annual contribution to your investments okay yeah those are the numbers those are the are now now i'm not counting europe a my county what.

arizona noload phoenix thirteen years four percent
"four percent" Discussed on WLOB

WLOB

02:24 min | 3 years ago

"four percent" Discussed on WLOB

"Four percent figure in your view that's certainly gonna be a stretch and it's you know i i would say coming out from the start of tax reform was passed at the end of last year we're not even one month and uh we're seeing a lot of elements that could at least get us close to that if not to that point uh and i think the most significant is the number of companies who are either giving bonuses or lifting wages for the employee base uh and notably walmart said they're gonna lift their wages and when we think about walmart it was not known to be um uh over paying their employees and i would uh i would anticipate bad most of what they pay their employees gets spent and so if they're gonna give them a raise that's the vast majority of that would get spent and that would certainly have an economic multiplier effect that could help drive the economy and growth upwards obviously there was any implication here in in the tax cuts i'm surprised that the private sector is responding so positively to this clearly the implication from republicans to the private sector was uh we we have promised that this in fact would trickle down we're making a big tax cut and if you wanted anything more like this to come down the road and people in office who will be uh friendly to your point of view you'd better come across with bonuses and pay raises no no remember anybody ever actually saying that but the application was pretty clear and again to me i was surprised that the private sector jumped up and said hey we can't wait to start paying out higher wages and bonuses it's unusual we've uh i i would say since the great recession we've seen companies take uh a very fine look at their expense base and boat we've seen as a result of that is you know anemic wage growth for the past decade uh put this tax code what we're seeing is there's folks who will benefit from having a bonus and ground that that's not permanent and there's no expectation that that will be annual but you're seeing a number of institutions increasing the minimum wage that they're paying their employees and we'll be permanent and vow we'll be beneficial uh an and.

walmart Four percent one month
"four percent" Discussed on KSFO-AM

KSFO-AM

01:55 min | 3 years ago

"four percent" Discussed on KSFO-AM

"Four percent withdrawal guideline by just using that there may be other years when you will do some liquidation of shares in order to meet that there may be years when you're going to find you of actually exceeded eur four percent withdrawal guideline when you add together you're stock dividends and your interest and your capital gains distributions and you have the opportunity then of simply reinvesting the excess if after all if you have set yourself up that your investment income stream combined with any pension or social security income that you have is going to meet your spending needs than you may have excess income from your investment portfolio and if you're a net happy scenario then you are in a position to take some additional money and put it back into the portfolio is no problem with reinvesting in the port folio after you have achieved all of the investment income that you have set as your objective so these are the thoughts that we use when we put together the notion of of critical mass what is critical mass it is the investment portfolio amount that will allow you in a diverse five portfolio because in retirement ruling to a balanced portfolio it's going to have stock mutual funds usually it's going to have interestbearing investments it's very frequently going to have capital gains distributions we look to this balanced diversified portfolio to generate these disinvest men in common and the reason for that is and you've heard me say this over the years because you never place yourself in a position never ever where you can put your position of having critical mass at risk that's why we invest.

mutual funds capital gains social security Four percent four percent
"four percent" Discussed on KMJ NOW

KMJ NOW

02:53 min | 4 years ago

"four percent" Discussed on KMJ NOW

"To the new press releases for peace jeannie let's take a review about what happened to your bill since june first of last year effective june i last year the lowest tier in your pg need bill that means they got everybody it went up twenty four percent twenty four percent the howling you heard in july wasn't celebrating a july fourth it was people in the streets and they were howling about their utility bills they went out massively effective june i last year here then march first of this year march first of this year your bill went up ten percent again that's ten percent again and pg jeannie with the approval of the pa you see they implemented a high usage surcharge here's what that meets in each of your tears you have a certain amount of power that you can use if you go over the baseline rate that they determined for you hear bills are going to go grow up even more and you're going to be hit with a penalty but even know what that's going to look like yet but we know that people are going to be screaming get again when they get there late spring and summer bills folks it's going to be painful there's a lot of fear out there in the marketplace because pg knee rates just keep going up remember if you want to take action you can go a different direction and eliminate those utility bills those electric bills completely remember those high usage surcharges here's what p jeannie has agreed to do they will notify you on your cell phones they will pin them and let you know when you're over the baseline rate and you're going to be hit with that surcharge isn't that nice of them they say right there on the site that if you can serve energy you won't be impacted by this high usage surcharge or by their rates going up folks one way or another your life is going to be impacted you're going to be impacted in your pocket book you're going to be impacted by how much money european to pg jeannie every my or your quality a of life is going to be impacted his you keep going after the break her and flip annette and trying to quit using power your quality lives going to go down folks you got swimming pools to keep the filters running.

jeannie annette twenty four percent ten percent
"four percent" Discussed on KMJ NOW

KMJ NOW

02:51 min | 4 years ago

"four percent" Discussed on KMJ NOW

"From pg any let's take a review about what happened to your bill since june first of last year effective june i last year the lowest tier hit your pg need bill that means they got everybody it went up twenty four percent twenty four percent the howling you heard in july wasn't celebrating a july fourth it was people in the streets and they were howling about their utility bills they went out massively effective june i last year then march first of this year march first of this year your bill went up ten percent again that's ten percent again and he knee with the approval of the pa you see they implemented a high usage surcharge here's what that meets in each of your tears you have a certain amount of power that you can use if you go over the baseline rate that they determined for you hear bills are gonna go up even more and you're going to be hit with a penalty we even know what that's gonna look like yet but we know that people are going to be screaming get again when they get there late spring and summer bills folks it's going to be painful there's a lot of fear out there in the marketplace because pge rates just keep going up remember if you wanna take action you can go a different direction and eliminate those utility bills those electric bills completely remember those high usage surcharges here's what pg knee has agreed to do they will notify you on your cell phones they will ping them and let you know when you're over the baseline rate and you're going to be hit with that surcharge isn't that nice of them they say right there on the site that if you can serve energy you won't be impacted by this high usage surcharge or by their rates going up folks one way or another your life is going to be impacted you're going to be impacted in your pocket book you're going to be impacted by how much money paying to p jeannie every month or your quality of life is going to be impacted as you keep going after the break her and flip at and trying to quit using power you're quality lives going to go down folks you got swimming pools to keep the filters running.

pge twenty four percent ten percent
"four percent" Discussed on 790 KABC

790 KABC

01:57 min | 4 years ago

"four percent" Discussed on 790 KABC

"The studied helpful because they look at seven hundred and seventy two golf and only four percent of those people were considered at risk porn you here so those are the to pull even internet are not griffey addiction art saying that every single person that what's up porn of the porn out act and there's a small percentage of people that really get it to travel and you know suffer and have just rough because the best and what is this so tests test was it is what it has a work well it's it's a reading the alter it came question and so you answer the questions into new ratings and rate how it applies to you and the questions about look that a little toward i'm looking for a way to people prioritize think that i argued prioritize porn in your life he used that to make yourself field better to the extent that causes sexual problems getting wave negative feeling you know managing your mood in other words and then you try to regain fue nada por new option are on fix up all in the history of her gamblers enough the ha like that's a question of common man so there if your question that have people thinking about how often how prove eight there the what happens when they're not looking at it if also they're starting to look out more amount go big or more kind of intense and digits and looking at the wording of this tested it's sort of interest is a very well says i guess what i was thinking is the it's something i've lost in translation i use board to restore the tranquil of the of my feelings i think while that i wish we express that phenomenon that way here we go is just how had a guy has it so but yeah right we get with their what they're going after as you do you use corn to regulate the south regulate definitely and i mean this is not this is not news to most.

four percent