A worrisome percentage of renters are paying at least half of their income for housing and utilities, according to census data analyzed by Enterprise Community Partners. The non-profit company that helps finance affordable housing states that the number of such households has increased by 26 percent since 2007, rising to 11.25 million. This fact underscores… Continue Reading
Emerging from talks in a New York hotel, US Secretary of State John Kerry, Defense Secretary Ashton Carter, Japanese Foreign Minister Fumio Kishida, and Defense Minister Gen Nakatani announced revised guidelines for Japanese-US military cooperation, bringing the two countries closer together than ever before as defense partners. The new rules agreed upon call for the… Continue Reading
Brent crude oil prices rose by 50 cents a barrel to $58.43 and US crude climbed by 60 cents to attain $52.52 per barrel on Tuesday. The climb in prices is surmised to be due to two main factors: a US forecast of output of lowered US shale oil production, the first decline in over… Continue Reading
Certify, an expense management system provider, reports that use of Uber by business travelers using its service has reached an astounding 46 percent of all ground transportation during the first quarter of 2015. Compared to the figure of 15 percent during 2014’s first quarter, that is a remarkable surge in growth. “While we often see… Continue Reading
Moving another step closer to fulfilling the dreams of the “Now” generation, Amazon announced last week that it will be able to deliver orders within one hour in two new locations. Although some might argue that one hour is technically not “Now,” it certainly comes pretty close, considering the fact that most orders on Amazon… Continue Reading
Latin America is becoming an increasingly attractive economy for outside investors. This is positive news for companies such as Latam Securities that has been providing investment advisory services about investments in fixed-income securities in local and worldwide markets. Company Director Jorge Pepa and CEO Diego Marynberg have been working with these clients in an attempt… Continue Reading
China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons. It is situated somewhere in… Continue Reading
Speaking before the House Committee on Financial Services last week, Janet Yellen, head of the Federal Reserve, testified that the US financial system is much safer today than it was in 2007 when the most recent economic decline commenced. “I believe the financial system is much safer. There is twice as much high-quality capital among… Continue Reading
Elio Moti Sonnenfeld, also known as Elio Sonnenfeld, is a modern businessman with an illustrious heritage steeped in tradition. Reaching back three generations, Elio Moti Sonnenfeld’s great grandfather was one of the great rabbis of the late 19th and early 20th centuries in Jerusalem, before the establishment of the State of Israel. Born in Vrbové, (Slovakia),… Continue Reading
According to a report published by Boston-based research group Cerulli Associates, the number of financial advisors in the United States has fallen for five straight years. The report points to large numbers of experienced advisors entering retirement as the cause of the decline in numbers of these professionals. In 2014 there were about 285,000 financial… Continue Reading