Money Management – River And Sound Review Fri, 24 Sep 2021 17:22:56 +0000 en-US hourly 1 Money Management – River And Sound Review 32 32 Illinois legislature passes 36% interest rate cap on consumer loans Wed, 07 Apr 2021 23:17:35 +0000

The Illinois legislature passed new law setting a 36% interest rate cap on most consumer loans.

What happened

Under the new invoice, “A lender shall not incur or receive any charge exceeding an annual percentage rate of 36% on the unpaid balance of the amount financed”. Article 15-5-5. The new law designates the use of the same APR calculation method that is used under federal law for military-related loans.

The law excludes commercial loans and grants an exemption to banks (state or outside banks and domestic banks), credit unions, and insurance companies duly licensed under state or federal law. .

The law designates any violation of the interest rate cap as also a violation of the Illinois Consumer Fraud and Deceptive Marketing Practices Act. Illinois regulators also have the authority to take enforcement action and impose fines of up to $ 10,000 per violation. In addition, any loan granted in excess of the new limit, subject to applicable exceptions, is null and void.

Why is this important

Before the law was passed, Illinois generally allowed parties to contract for any desired rate of interest. As a result, some consumer credit products prior to the passage of the bill regularly exceeded the APR by 150% on an annualized basis.

The bill will take effect immediately if signed by the governor, or 60 days after its passage by the legislature on January 14, 2021, if the governor does not sign but does not exercise a veto.

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World’s biggest autonomous driving experience to coincide with Tokyo Olympics Wed, 07 Apr 2021 23:17:32 +0000

Backed by the full backing of government and academia, the Japanese auto industry is gearing up for what will be the largest and most comprehensive demonstration of autonomous driving in history.

Scheduled for early July, just two weeks before the start of the Tokyo Olympics this year, the multi-manufacturer, multi-agency government group called the Strategic Innovation Promotion Program (SIP) will produce and license some 80 autonomous vehicles, including buses. , minibuses, SUVs and sedans to drive on specially prepared routes from Haneda Airport (the closest international airport to Tokyo) to the Olympic Village and strategic routes around the Olympic venues in Tokyo.

The government and the auto industry in Japan are fervently moving forward with plans to implement autonomous driving vehicles and infrastructure that support these systems for three main reasons; first, reduce the number of road fatalities, second, reduce congestion and exhaust emissions, and third, create a basis for a future public transport network that will respond to the aging of Japan’s population, in which a Japanese in four will be over 65 by 2025.

The government is also pressuring automakers to develop advanced safety systems that prevent older drivers from ‘hijacking’ in which older drivers, in increasing numbers, accidentally hit the accelerator instead. brake and cause fatal accidents. .

For executives tasked with implementing SIP, including Toyota’s advanced R&D boss, Seigo Kuzumaki, two four-letter words mean a lot; MaaS, or Mobility as a Service, and CASE, or Connected, Autonomous, Shared and Electrification.

Toyota is an official sponsor of the Tokyo Olympics and, as such, will donate the lion’s share of autonomous vehicles to the autonomous demonstration in July. One of the new-age vehicles that personifies the MaaS and CASE applications is the Toyota e-Palette, unveiled at the Consumer Electronics Show in Las Vegas in January 2018.

The e-Palette concept is an automated, electrically-powered, multi-purpose vehicle that can be adapted to various needs, businesses and lifestyles. The box-shaped minibus was initially unveiled at CES alongside the e-Palette Alliance, a partnership that will bring together a suite of companies including Toyota, Amazon, DiDi, Mazda, Pizza Hut, and Uber to collaborate on concept d ‘application, vehicle and vehicle planning. verification.

As the first real-world app, more than a dozen e-Palettes will tour the Olympic Village on a regular basis throughout July and August, to meet the transportation needs of athletes, para-athletes and officials. The e-Palette’s carpooling capabilities mean it can carry up to 12 standing passengers, up to 8 seated passengers while still providing easy access for wheelchairs and bicycles.

Since 2018, dozens of self-driving demonstration projects have been carried out across Japan, providing transportation to older people with predominantly reduced mobility in depopulated areas, while establishing the kind of infrastructure needed to achieve viable stand-alone systems. Last year, in the town of Maebashi, 100 km north of Tokyo, an autonomous bus made a 16 km trip, carrying paying passengers and making designated stops. However, as the Japanese highway code still does not allow autonomous driverless vehicles on public roads, an “emergency driver” was seated in the driver’s seat with his hands hovering over the automatic steering wheel, ready to correct any unforeseen development.

Also last year, Nissan said it became the first automaker in the world to launch a ProPilot 2.0 autonomous driving assistance system in its Skyline sedan (Infiniti Q50). This revolutionary breakthrough was made possible by the addition of facial recognition software and high-definition 3D map navigation to the car’s already extensive range of cameras and sensors. The technology is conditional, however, and can only work on highways that have been fully mapped by the new 3D mapping system. This system allows the vehicle to know exactly where it is on the road network and to locate a car within 2 inches, a factor that dramatically improves the operation and safety levels of ProPilot.

Non-automakers and SIP members like robotic start-up ZMP Inc. will also be offering stand-alone services in the very near future. ZMP plans to introduce a Level 3 autonomous electric bus service at Chubu Airport this year, which serves Japan’s third largest city, Nagoya. Company CEO Hisashi Taniguchi said it will be the first commercialization of a Level 3 driving operation at a domestic airport.

While the 80 or so vehicles from 8 Japanese manufacturers will take part in the autonomous driving demonstration in July, all vehicles will still have an “emergency driver” as insurance. Even vehicles carrying athletes around the Olympic Village. After all, this is only an experiment of what might be possible and this test must be beneficial while providing unconditionally safe transport environments for all passengers.

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Businesses get tax break on PPP loans, individuals still have to pay unemployment taxes Wed, 07 Apr 2021 23:17:31 +0000

BATON ROUGE, Louisiana (WAFB) – More PPP funding is underway, including a fix that will help restaurants stay afloat.

Prior to this latest round of aid, all PPP funds were taxable. In the new stimulus bill, Congress included a tax exemption for all canceled PPP loans, meaning many small businesses will no longer be subject to the IRS at tax time.

RELATED: Mnuchin: Some will start seeing $ 600 stimulus checks Tuesday night

The new bill, signed by President Donald Trump, allows companies to deduct these funds.

Stephen Hightower, who owns several restaurants around Baton Rouge, including Beausoleil, said the tax break allows many small businesses to continue to resist the pandemic.

“It’s paycheck protection, so it was the ability to get people back to work, so if we had to start the layoff process all over again, it wouldn’t be good for our business, but it would be devastating for our economy. Hightower said.

While the new bill offers help to people like Hightower, for its employees who had to rely on unemployment when its restaurants were closed, they are still required to pay the unemployment benefits they received.

“Labor compensation is a component of taxable income,” said Brad Tate, senior tax director for Hannis T. Bougeois. “It is treated under the Internal Revenue Code as an income or a replacement salary, so if a person has received unemployment benefits, they must be prepared to pay taxes on it. “

RELATED: Republicans block $ 2,000 stimulus checks despite Trump’s demand

Tate said he didn’t think it was made clear to those who first filed for unemployment and worried many might not withhold the taxes they will have to pay on April 15.

“The IRS offers a little flexibility if you can’t pay,” Tate said. They offer payment plans, I think things like that for the person who has been in a situation where they haven’t saved, they haven’t had a deduction on compensation, they can take out a deal with the IRS and pay this over a period of time. “

Stimulus checks individuals received earlier this year, including the new $ 600 check approved by President Trump, are tax-exempt and Tate has said you won’t have to report it as income.

RELATED: LWC awaits finalization of congressional COVID relief bill before additional $ 300 in unemployment benefits can be paid

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Emergency motion submitted to the Majlis on the situation of Lhaviyani Covid-situation Wed, 07 Apr 2021 23:17:29 +0000

An emergency motion was presented to the People’s Majlis, calling on the government to take swift action to control the Covid-19 situation in the hard-hit islands of Lhaviyani Atoll.

The emergency motion was brought to parliament by Naifaru Constituency MP Ahmed Shiyam, who alleged negligence on behalf of the government at a time when a huge Covid-19 cluster has grown on the industrial island. by Lhaviyani Felivaru, the heart of the Maldivian fishing industry. .

While more than 300 people have tested positive for Covid-19 since Felivaru so far, all inhabited islands in Lhaviyani Atoll have been placed under surveillance to control the rapid spread of the infection.

The emergency motion also notes that the Health Protection Agency (HPA) guidelines for controlling Covid-19 are not suitable for densely populated islands. Naifaru Island has been reduced to a virtual deadlock with many homes under surveillance and businesses closed, and the emergency motion notes that frontline health workers are struggling to effectively implement their guidelines.

The emergency motion calls for help from the central government in solving the problem, calling for providing citizens with compensation for their losses, and facilitating the repayment of loans and utility bills in light of the worsening the Covid-19 situation in Lhaviyani Atoll.

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Hampden County Sheriff’s Treatment Program Has Helped Over 1,500 People With Drug Addiction Wed, 07 Apr 2021 23:17:26 +0000

LUDLOW – Overdose deaths were on the rise across the country before the pandemic hit – up 38% in the 12 months to May 2020 – and the stress caused by COVID-19 has only made the situation worse.

Locally, the Hampden County Sheriff’s Drug Assisted Treatment Program has helped more than 1,500 men and women fight drug addiction. The program combines counseling and behavior therapy with access to three drug addiction drugs approved by the FDA for the treatment of substance use disorders: methadone, buprenorphine and naltrexone.

“The MAT program helps those in our care maintain these essential prescriptions without the fear of needing to undergo unnecessary withdrawal,” said Hampden County Sheriff Nick Cocchi.

The program is made possible through a partnership with CODAC Behavioral Healthcare, the largest nonprofit ambulatory care provider for opioid treatment in Rhode Island.

“It also helps current inmates and clients with substance use disorders to maintain abstinence from illicit drugs and ensures that they return to the community with the best chance of avoiding an overdose and moving on to treatment. long-term recovery, ”Cocchi said.

Nationally, 80% of incarcerated people report having some level of substance use disorder, according to the Foundations Recovery Network, which treats people with a dual diagnosis of substance use and mental illness. Relative to the rest of the adult population, the opioid overdose death rate on release is 120 times higher.

For almost two years, the MAT program provided access to treatment to 1,586 men and women who were placed in the custody of the sheriff’s office.

“We are proud to be working with the Hampden County Sheriff’s Department on this important initiative which is helping to advance the needle in the treatment of all those who struggle with drug addiction as patients, as well as those who face the diabetes or cancer, and to offer them the most comprehensive evidence – based on the therapeutic approaches available, ”said Linda Hurley, President and CEO of CODAC.

People who come into the sheriff’s custody with a program order are allowed to continue their treatment, according to the program’s medical staff. In addition, anyone in custody who reports a form of substance use disorder for which all three drugs are found to be helpful will be assessed for program eligibility.

Beyond medication, the program also offers individual and group therapy. Additionally, sentenced inmates who are not currently taking medication, but who have a history of substance use disorders, may be eligible to begin the program prior to release in an effort to reduce the risk of fatal overdose. or facilitate the transition to long-term recovery.

“Delivering this program and these drugs is the humane thing and the right thing to do if we are serious about helping people with addiction issues,” said Cocchi.

Associated content:

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The dining room closes the Kerrytown location; Eat a restaurant to occupy the vacant space Wed, 07 Apr 2021 23:17:25 +0000

ANN ARBOR, MI – While The Lunch Room Diner and Canteen was temporarily closed due to the coronavirus pandemic, it decided to permanently close this place and cede the space to Eat, a food catering and kitchen delivery operation to scratch.

For The Lunch Room, however, the closure is a step towards sustainability as they can focus on their other restaurants: Detroit Street Filling Station and The Lunch Room Bakery and Cafe.

Owned by Blake Reetz and Emilia Mauck, Eat plans to open the Kerrytown space for takeout in early October, they said in an email. The menu will look like their current offerings at their restaurant on Packard Road, with the addition of breakfast and brunch on weekends, and Mauck said they eventually hope to have breakfast every day.

“This expansion is very exciting for us,” said Reetz. “As more and more of our catering customers were forced to cancel their events, we knew it was time to expand our take-out delivery operation. The location of Kerrytown will give us the opportunity to reach a wider audience and eventually to upgrade to a full service restaurant.

When The Lunch Room’s Kerrytown location closed in mid-March, operations were moved across the street to the Detroit Street filling station. The company continued to offer curbside pickup, delivery, and alfresco dining, and the Detroit Street gas station menu includes many dining room favorites, the e- mail.

The two restaurants have a relationship dating back to 2011, when they both operated a food cart at Mark’s Carts, a former food cart yard in downtown Ann Arbor.

Phillis Engelbert, owner of The Lunch Room, said they opened the Detroit Street filling station in 2017 when the demand for their food grew more than they could meet in one place. With the uncertainty surrounding the pandemic, Engelbert said it would be unwise to attempt to operate both restaurants.

“We would like to thank our Lunch Room customers and assure them that the spirit of The Lunch Room lives on in Detroit Street and The Lunch Room Bakery & Cafe,” said Engelbert. “We appreciate all of their love and support over the years.”

More information on The Lunch Room can be found here, and more information about Eat can be found here.


Ann Arbor restaurants try to balance fears about worker safety and economic survival

Ann Arbor bars and restaurants can use the streets for terraces until September

Here are the reorganized routes, services for the Ann Arbor bus system

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Crypto App Ranking A Tangle Of Tied Scores Wed, 07 Apr 2021 23:17:23 +0000

Call it inevitability. There would always be a Ranking of PYMNTS providers of cryptocurrency applications. It was simply a matter of timing, like the take-off of the crypto industry itself.

As non-fungible tokens (NFTs), blockchain, and other crypto-jargon make their way into everyday language, even your grandmother might have ideas about owning a digital work of art, or even engage in good old-fashioned crypto speculation – the benefit of which can be great.

With that, and without further ado, here are the latest rankings.

The Top 5

In this inauguration Ranking of cryptocurrency application providers there is a rare three-way tie for first place, as follows: Binance, Coinbase and all take number 1. Well done, three times.

Another occurrence of equality in the same ranking? You bet your bitcoin exists.

At n ° 2 is the Kraken Pro app, considering an IPO next year. Also at # 2 (fifth in ranking order) is the Traveler application.

At n ° 3 of this inaugural ranking is the Blockchain wallet app, with popular Gemini land on spot # 4 this first round.

Doing one’s thing safely at # 5 is the KuCoin app, completing the Top 5.

The Top 10

With several trading features, CEX.IO grabbed # 6 with a balance that only deep crypto app bosses can truly appreciate.

Enter number 7 is the Abra wallet app that supports Bitcoin, Ethereum, Ripple, Litecoin, and Stellar, among cryptocurrencies. Abra is currently piloting crypto loans, just for the record.

At n ° 8 we find the BlockFi application, with the Huobi application taking over n ° 9.

Everyone wants to flip a bitcoin and guess who is at # 10 at the grand opening Ranking of cryptocurrency application providers? To jump. We will just tell you: it is Pay by bit at n ° 10. For the moment.

Not to be enigmatic, this concludes this Ranking of cryptocurrency application providers.



On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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Man wanted for questioning in stabbing theft of St. George store Wed, 07 Apr 2021 23:17:21 +0000

STATEN ISLAND, NY – The NYPD is asking via social media for the public’s help in identifying a man wanted for questioning in an afternoon knife theft at a St. George store.

The incident happened at Nordstrom Rack in Empire stores at 15 Richmond Terrace on February 3 at around 2:20 p.m., according to a spokeswoman for the NYPD Deputy Commissioner of Public Information.

Officers responding to a 911 call from a person with a knife at the store were told by a 25-year-old that an unidentified individual was removing goods from shelves and putting them in a bag, police said.

The 25-year-old confronted the individual, who then allegedly brandished a knife before fleeing, according to the police spokesperson.

The victim was not injured in the burglary.

The NYPD shared a surveillance image of a man wanted for questioning in the incident on the 120th Precinct’s Twitter feed.

Police described the individual as a man of medium complexion, around 40 years old. He is around 5′9 ″, weighs around 180 pounds, has brown eyes and short black hair.

He was seen wearing a yellow jacket, blue jeans and a black baseball cap.

Anyone with information is asked to contact the Staten Island Robbery Squad at 718-876-8415 or the New York Police Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782). The public can also submit their advice by logging into the CrimeStoppers website at WWW.NYPDCRIMESTOPPERS.COM, or on Twitter @ NYPDTips.

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Italy’s green moment – POLITICO Wed, 07 Apr 2021 23:17:19 +0000

Luca Bergamaschi is co-founder of ECCO, an independent Italian think tank on climate change and energy.

ROME – For too many years the word “green” has been a neglected, even pejorative, term in Italian politics. That can finally start to change.

Despite an active civil society and a vibrant sustainable business community, the lack of political leadership on green issues and the failure of the media to report on climate change consistently has meant that Italy’s green policy does not never really took off.

That is to say until now.

This is in part thanks to the unlikely green leadership of Mario Draghi, the new Italian Prime Minister, who has put the ecological transition high on the political agenda as a main driver of investment and reframed the green narrative of the Italy. Already, he has bestowed more legitimacy and authority on the issue than any other Italian politician in the past two decades.

The green wave in European politics seen in the 2019 European Parliament elections and the pressure to implement a European green deal is providing a much needed tailwind. But the biggest boost comes from the EU’s coronavirus stimulus package, of which Italy is the main beneficiary.

Rome will soon be able to tap into more than € 200 billion in new EU grants and loans to spend by 2026, at least 37% of which must be spent on green projects. This focuses the minds in government and initiates new conversations about the country’s priorities and much needed reforms.

Italy’s international commitments also help bring the climate to the fore. Italy, which holds the G20 presidency this year, is the co-host of the COP26 climate talks in Glasgow and will host the pre-COP meetings in Milan in September.

All of this means that Italian politics can no longer ignore climate change. And on the progressive political spectrum, the victory of US President Joe Biden in November, who ran on a strong climate platform, convinced many that successful green policies can translate into votes.

Already, the Draghi government is leading a small revolution. Without wasting time, the Prime Minister created two new ministries: the ministry for ecological transition, which brings together the climate and energy missions, and the ministry for sustainable infrastructure and mobility. Green groups have been advocating these changes for years; few would have expected a former central banker to end up implementing them.

The Prime Minister has also set up an intergovernmental unit headed by ministers in his office, tasked with developing an ecological transition plan to be published by the end of May, and working on the government’s national stimulus plan, which must be sent to Brussels by the end of April.

A major overhaul of Italian politics is now underway as parties attempt to fill the “green” political vacuum. The 5 Star Movement is keen to strengthen its green credentials, but faces a credibility problem given its poor record on green reforms over the past three years while in government. For detractors, the recent movements smell of opportunism. Meanwhile, three young parliamentarians, led by Rossella Muroni, launched the first Green parliamentary group in 13 years last week and say they intend to rebuild Italy’s Green Party.

Center-left, Milanese major Beppe Sala – an independent close to the center-left Democratic Party – has announced that he will join the European Greens family. He is a candidate for re-election in the fall and is running on a strong civilian platform of the green left. All other major Italian cities – Rome, Naples, Turin and Bologna – will also go to the polls in the second half of the year, providing the first test for emerging green leaders, who could win key positions. The hope is to reiterate the success of the recent municipal elections in France.

Another big change could come from the Democratic Party under the new leadership of Enrico Letta. The former prime minister has placed climate change among the top priorities for the party’s revival. The ecological transition could thus become the basis of the progressive alliance that Letta wants to forge before the Italian elections of 2023.

This alliance would clash with the coalition led by the right-wing leader of the League Matteo Salvini and Giorgia Meloni, the leader of the far-right Brothers of Italy. Both sides have a weak track record in climate action and still tolerate climate-skeptical voices in their ranks, but also face increasing pressure from local leaders and part of their grassroots to propose. a new approach that would prioritize zero carbon technology and the protection of nature.

While green is all the rage, the risk of greenwashing is high given the strong Italian gas lobby. The biggest test for Italy – and soon for Europe – is how to manage its gas sector and design a phase-out of gas.

Whatever happens, Italy will be a key country to watch over the next two years for clues about the future of European climate policy and the success of the European Green Deal.

Italian politics may not be known for its predictability. But if there’s one thing we can say for sure, it’s that what happens in Italy rarely stays in Italy.

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How Instagram helped a teenager create the fashion label SPERGO Wed, 07 Apr 2021 23:17:17 +0000

A 13 year old teenager contractor from Lansdowne, Pa., uses the power of the age of social media influencers to create a Business.

Trey Brown is the founder of SPERGO, a fashion brand designed to empower and inspire young people in neighboring Philadelphia. He remembers a time when news of the arrest of a 14-year-old for the murder of a 13-year-old prompted him to design his clothing line, to show young people an alternative to the violence.

“It hit me because it could’ve been me… it could’ve been me, it could’ve been my friends… it could’ve been my brother,” Brown said in an interview with “Making Money with Charles Payne” ” Tuesday. . “It’s sad you know [what] young people do.

The brand name SPERGO stems from Brown’s appreciation for sport and its personal heroes.

“I’m not talking about superheroes… I’m talking about people like you who inspire me and people all around that I admire,” he said.

The unisex clothing line uses Facebook-owned social media platform Instagram to grow the business. Brown said he started the fashion line with $ 178 and 16 shirts, selling them to his family and to local hair salons. He would take the profits from those sales and reinvest them in the small business.

“That went to 30 shirts, hoodies, sweatshirts, shorts and everything in between,” Brown said. “Now I have a full range… SPERGO is where it is. “


The entrepreneur said he would not let naysayers stop him from achieving his dream of becoming a successful businessman.

“No, this is the next opportunity,” he said.

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