A trade war starts when a nation attempts to protect its domestic industry and create jobs. In the short run, it may work. Tariffs are intended to give a competitive advantage to domestic producers. As a result, they would receive more orders from local customers. As their businesses grow, they would add jobs. But in the long run, a trade war costs jobs. It depresses economic growth for all countries involved....
The Direction of International Trade The United States trades more with the EU than with China. The total amount traded was over $1 trillion in 2019. It was projected to boost U.S. GDP by 0.5% and the EU’s by 0.4%. That’s by eliminating all tariffs and other trade barriers. The importance of the EU is even greater for foreign direct investment (FDI). European companies accounted for $2.87 trillion, or 64% of total FDI in the United States in 2019....
Passengers have noticed. Higher airfare was a major reason customer satisfaction among air travelers plummeted in a J.D. Power survey released Thursday. Soaring ticket prices came as a rude awakening for travelers who had gotten used to the near-empty planes and low fares of the pandemic era, the company said. The cost of air travel plunged in April 2020 when the pandemic hit because of stay-at-home mandates and other restrictions on both domestic and international travel....
What Are Property Inspections? Most property inspections are conducted to identify hazards on the property or to determine whether the property meets standards established by a government entity or an insurer. An inspection may be performed by an engineer, an insurer, a private inspection company, or a building inspector employed by a state or local government. Some inspections are voluntary, while others are mandated by law. Types of Inspections Most inspections of business-owned property fall into one of the categories outlined below....
Those are important job interviews to understand if you’re searching for a job, but there are other interviews you may experience throughout your career. These employment-related interviews include exit interviews, mock interviews, and informational interviews. Behavioral Interviews Interviewers use behavioral-based interviews to determine how you’ve handled various job situations in the past. The idea is that your past behavior predicts how you’ll act in the new job. You won’t get many easy “yes” or “no” questions, and in most cases, you’ll need to answer with an anecdote about a previous experience....
Stock Market Terms The first step to understanding the stock market is knowing the lingo. Here are a few commonly used words and phrases: Earnings per Share: The total company profit divided by the number of stock shares outstanding. Going Public: Slang for when a company plans to have an IPO of its stock. IPO: Short for “initial public offering,” when a company sells its shares of stock for the first time....
The U.S. economy added 431,000 jobs in March—slightly fewer than some economists had expected and the fewest for any month since September—but still a strong showing, many said. Not only has the labor market grown for 15 straight months, but the unemployment rate fell to 3.6% from 3.8%, putting it nearly back to the 3.5% rate that prevailed before the pandemic hit and rocked the economy, the Bureau of Labor Statistics said Friday....
The other states either have a graduated-rate individual income tax (32 states) or a flat income tax or an alternative tax structure (nine states). Knowing how income taxes work in your state can help you plan for your tax bill every year. Why Do Some States Charge No Income Tax? State income tax is set at the state level, not the federal level, so it’s entirely up to state lawmakers....
That’s how many points the Dow Jones Industrial Average fell Monday, the largest drop for any day this year, as investors grew more worried about the potential economic effect of rising virus cases in the U.S. The Dow, which tracks the stocks of 30 major U.S. companies, had dropped as much as 946 points earlier in the day before closing at 33,962.04, down 725.81 from Friday, or 2.1%. It was the worst day for the index, as measured by points, since late October, when concern about surging COVID-19 cases and presidential election uncertainty were both intensifying....
This process of choosing which types of accounts hold particular investments is called “asset location.” Assets That Fit Best in Retirement Accounts There are several reasons that asset-location strategies work to reduce taxable income. First, interest income and short-term capital gains are taxed at a higher rate than long-term capital gains and qualified dividend income. Therefore, assets that produce interest income or short-term capital gains are best allocated to retirement accounts....
Definition and Examples of Arrears Arrears could be an overdue payment, but not necessarily. Arrears could also mean that a good or service is being paid for after the fact. Businesses can receive arrears—money that is owed and should have been paid earlier—from their customers or make payments in arrears to their vendors. They may also pay employees in arrears, which means employees don’t receive the money they’ve earned until after the pay period....
The largest capital markets are the currency markets, followed by bond markets, then the global equities marketplace, and over-the-counter derivatives markets. All are popular among investors and businesses seeking liquidity, opportunity, and price transparency. Capital markets are a crucial part of a functioning and growing economy. Here’s how they work and a few examples of how businesses use them. Definition and Examples of Capital Markets Capital markets are financial markets where buyers and sellers trade assets....
Alternate name: 5 C’s of Credit The 5 C’s of Credit are broken down as follows: Many lenders will also look at your credit score as a sign of your creditworthiness. Credit companies take information from your credit report to form your credit score, such as your payment history, outstanding balances, applications for new credit, the length of your credit history, and the types of credit accounts you already have open....
Deed restrictions can impose different types of restrictions, including: How the property is used (i.e. residential, commercial, etc.)The type of activities that can be carried out on the propertyWhat kind of structures can be built on the property Deed restrictions can take the form of conditions, covenants, or restrictions (CC&Rs). These are rules that dictate how a piece of real estate can be used. For example, say you want to put up a fence to enclose your backyard....
For example, if you pay $212 per month to keep your car insured, your yearly insurance premium would be $2,544. If you purchased a six-month policy, your insurance premium would be $1,272. Insurance premiums usually have a base calculation. Then, based on your personal information and location, you may have discounts that are added to the base premium that reduces your cost. In order to get preferred rates, or more competitive or cheaper insurance premiums, additional information is used....
To understand your true net pay, you have to factor in all the expenses related to your job. This is your cost of working. To illustrate this cost, let’s look at two hypothetical examples. Hypothetical Example #1: Allison’s Extra Cost of Working Allison needs nice clothes for work—not tailored suits, necessarily, but “business casual” attire like silk shirts, pencil skirts, and heels. These aren’t clothes she would buy if she didn’t have this job....
Basic Warranties in a General Warranty Deed With a general warranty deed, the seller conveys the property with certain covenants or warranties. The seller is legally bound by these warranties. Whether expressly written into the deed, or implied by certain statutory words, basic warranties include: Covenant of seisin: “Seisin” means “possession” and the seller warrants that they own the property and have the legal right to convey it.Covenant against encumbrances: The seller warrants that the property is free of any liens or encumbrances unless they’re specifically stated in the deed....
Hero Images/Getty Images In other cases, you’ll stay on board to help with the transition until your departure date. There are many factors that impact the company’s decision-making around termination of employment, even if you’re the one who quits. These include company policies, employment agreements, and legal issues. What Can Happen After You Turn in Your Resignation Things can happen fast once you turn in your resignation, so try to anticipate how your employer may respond....
Benefit Plan Administrators: Definition and Types Benefit plan administrators perform duties related to the operation of a company’s employee benefits plan or retirement plan. The business or organization that offers the benefits or retirement plan to its employees or members is the plan sponsor. Plan administrators essentially operate the same for the two types of plans: Employee benefit plans: These plans offer specific types of health and welfare benefits, like health care plans, cafeteria plans, COBRA plans, health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts....
If you bought a home in the past year, you might have had to deal with stiff competition from other homebuyers. It’s helpful to understand how bidding wars work, and when you should participate or drop out of one. Definition and Example of a Bidding War A bidding war is when multiple bids on the same property drive up the price of the home. Bidding wars are common, especially in a competitive housing market....
