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Money & The Economy

News on Finance, Money, markets and the economy

Terrorist Financing Targeting Center Hosts Exercise on Disrupting Illicit Finance

Riyadh, Saudi Arabia – The Terrorist Financing Targeting Center (TFTC) this week convened a regional capacity-building workshop in Riyadh focused on Iranian illicit finance schemes and the risks Iran poses to the international financial system. The TFTC, launched in 2017, is a multilateral effort among the United States, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman to ...

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Forecast: New Vehicle Sales Slip in March to Close Out a Down First Quarter

Ford car lot auto dealership car sales

March marks the first month that the SAAR is expected to move above 17 million in 2019 Analysts say sales continue to slow down year over year Edmunds forecasts that 1,588,185 new cars and trucks will be sold in the U.S. in March for an estimated seasonally adjusted annual rate (SAAR) of 17.2 million. This reflects a 25.3 percent increase in sales ...

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Treasury Offers Underpayment Penalty Relief to More Taxpayers

Washington – Today, the U.S. Department of the Treasury lowered the withholding underpayment threshold to 80 percent, delivering more taxpayers penalty relief. This change applies to taxpayers whose total withholding and estimated tax payments for 2018 are equal to or greater than 80 percent of their taxes owed. The typical threshold to avoid a penalty is 90 percent, but earlier ...

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Treasury Sanctions Venezuela’s National Development Bank, and Subsidiaries, in Response to Illegal Arrest of Guaido Aide

Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Banco de Desarrollo Economico y Social de Venezuela, or BANDES, pursuant to E.O. 13850, as amended, for operating in the financial sector of the Venezuelan economy, as well as four additional financial institutions that BANDES owns or controls. “The willingness of Maduro’s inner-circle to exploit ...

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Maryland Lawmakers Want To Increase Minimum Wage By Nearly 50 Percent

The Maryland General Assembly voted Wednesday to approve a state $15 minimum wage, sending the bill to GOP Gov. Larry Hogan’s desk for final approval, The Baltimore Sun reports. Hogan has opposed raising the current $10.10 minimum wage by such a large amount, a nearly 50 percent increase. The bill passed Maryland’s legislature with enough votes to overcome an executive veto, all ...

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Report: Used Vehicle Market Poised for Record Sales in 2019

New car prices hit record highsCertified pre-owned (CPO) vehicle sales expected to rise as affordable alternatives Used vehicle sales in 2019 are poised to hit the highest level since the recession, according to a new report from Edmunds. In 2018, 40.2 million used vehicles were sold in the U.S.; in 2019, Edmunds analysts predict used vehicle sales could approach 41 ...

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An Ultimate Guide to Buy Prescription Lenses and Frames Online

Today, it is usually far easier, as well as less expensive, to buy every little thing on the internet and have it delivered to your home. When you are considering buying new eyewear on the internet, you should research the offers completely to make certain that you receive lenses and frames that will meet your needs. With a little groundwork ...

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Treasury Sanctions Venezuela’s Gold Mining Company and Chief for Propping Up Illegitimate Maduro Regime

Nicolas Maduro Venezuela

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated CVG Compania General de Mineria de Venezuela CA, or Minerven, the Venezuelan state-run ferrous metals mining company, and its President, Adrian Antonio Perdomo Mata, targeting the illicit gold operations that have continued to prop up the illegitimate regime of former President Nicolas Maduro.  Today’s ...

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Survey: 42 Percent Of Job Applicants Don’t Meet Skills Requirements, But Companies Are Willing To Train

More than three in four professionals would apply for a job even if they aren’t qualified84 percent of companies are willing to hire and train a candidate who lacks required skills62 percent of employees have been offered a position when they were underqualified; this has happened most frequently in Charlotte, San Diego, Austin and Washington, D.C. Should professionals mind the ...

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Consumers could boost credit scores by adding telecommunications and utility bill payments to credit file

Experian Boost pilot revealed two-thirds of consumers saw an improvement to their FICO Score In a game-changing move that many expect will significantly improve financial inclusion for millions of Americans, Experian today launched Experian Boost, a first-of-its-kind financial tool. Experian Boost, which is available at no cost to all credit active adults in the United States, empowers consumers to add positive payment ...

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China Trying To Stem Economic Slowdown, Failing

China is trying to stem an economic slowdown, including rising unemployment, continuing into the first two months of 2019 after documenting its worst year of economic growth in nearly 30 years in 2018. Beijing is trying to counter the slowdown by spending more on infrastructure project and encouraging banks to extend loans to small businesses, reported The Wall Street Journal ...

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Home Prices Up 0.6% in February, the Smallest Year-Over-Year Gain Since March 2012

Prices fell more than 8% in San Francisco and San JoseNewark, Milwaukee and Buffalo saw prices rise more than 10% U.S. home-sale prices increased just 0.6 percent year-over-year to a median of $287,400 in February, according to a report by Redfin, (www.redfin.com), the technology-powered real estate brokerage. This was the smallest increase recorded since prices stopped falling year-over-year in March 2012. Home prices were up only 0.6% ...

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DEA warns of alarming increase of scam calls

WASHINGTON – The Drug Enforcement Administration urges its DEA-registered practitioners and members of the public to be cautious of telephone calls from criminals posing as DEA or other law enforcement personnel threatening arrest and prosecution for supposed violations of federal drug laws or involvement in drug-trafficking activities. “DEA continues to receive reports from practitioners and the general public, alike, indicating ...

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The best practices, examples and much more about experiential marketing

We all know about the benefits and the “what-is-it” for a traditional advertisement campaign. The conventional campaign through the televised media, internet or even the local newspaper allows the consumer to self-educate about the brand and the products on offer. However, experiential marketing increases the user experience for the consumer. Here you can experience a brand, and the strategy essentially ...

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Trump Administration Sanctions Russian Bank for Attempting to Circumvent Sanctions on Venezuela

US treasury

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies.  As the Treasury has continued to escalate the use of sanctions against the illegitimate regime of former President Nicolas Maduro, the net assets of Evrofinance Mosnarbank (Evrofinance) bank grew ...

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