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Moving? 4 ways to reduce your costs

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Whether you’ve just bought a new home or moved from one rental to another, moving can be a chore. It can also be very expensive. If you have a move in your future, here’s how to keep your costs down.

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1. Reduce the size of your belongings

The more things you have, the more you will be charged to haul everything. So if you have furniture or other possessions that you are not convinced you want to keep, do not move those items to your new home. Instead, get rid of the things that worry you before you move.

If you have items in good condition, you can sell them online or through a garage sale. This is a good way to put money in your bank account which can come in handy once your moving date arrives.

2. Make your own packaging

There are full service moving companies that come to your home and pack your belongings securely. Following this route could save you a lot of time. And, you don’t have to pay for the packaging supplies.

But make no mistake, a full service move can be very expensive. You pay a lot more for a full-service move than for a business to come to your house and load your already-packed items into their truck. If you are self-employed and would lose income spending time packing your bags, it may be worth paying for this service. Otherwise, you save money by doing it yourself.

3. Move during the week

Many people prefer to move on a weekend. This way, they don’t have to dip into their limited reserve of personal time or vacations from work. But if you want to save money, opt for a midweek move. You often save money by moving at a less desirable time.

4. Take the tour

You often hear it said that it is important to shop around with mortgage lenders before taking out a home loan. Likewise, it is a good idea to get quotes from moving services before choosing one.

With that said, be sure to compare apples to apples. Some movers charge by the task and give you an estimate in advance of what it will cost. Other moving companies charge by the hour. You also get different quotes depending on the services provided by your movers, so carefully review the details of each estimate before making your decision.

Also, be sure to check out any moving company you plan to work with. Talk to people who have used this business and see what their experience was like. If there were any hidden charges or surprises, consider looking elsewhere.

Whether you are moving within the neighborhood or across the country, expect to spend a large amount of money transporting your belongings. But there are steps you can take to keep your costs as low as possible. And that way, you’ll keep some cash that can give you the flexibility to set up or furnish your new digs as you wish.


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Mortgage rates rose this week | September 18 and 19, 2021

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Mortgage rates were higher at the end of the week than at the start, with the average 30-year fixed-rate purchase loan rate rising to 3.256%. Mortgage refinancing rates are also higher, with the 30-year rate standing at 3.386%.

Even so, the rates remain very attractive and borrowers with good credit should be able to secure favorable rates and comfortable monthly payments for a new mortgage or loan refinance.

  • The last rate on a 30 year fixed rate mortgage is 3.256%.
  • The last rate for a 15 year fixed rate mortgage is 2.348%.
  • The latest rate on a Jumbo ARM 5/1 is 2.22%.
  • The latest rate on a 7/1 compliant ARM is 4.067%.
  • The latest rate on a 10/1 compliant ARM is 3.868%.

Money’s daily mortgage rates reflect what a borrower with a 20% down payment and a 700 credit score – roughly the national average – could pay if they applied for a home loan right now. Daily rates are based on the average rate of 8,000 lenders offered to applicants on the previous business day. Freddie Mac’s weekly rates will generally be lower, as they measure the rates offered to borrowers with a higher credit rating.

Current mortgage rates: 30-year fixed rate mortgage rates

  • The 30-year rate is 3.256%.
  • It’s a day infold by 0.042 percentage point. ??
  • It’s a month infold by 0.005 percentage point. ??

Fixed rate loans are the choice of most home loan borrowers because of the predictable interest rates and regular monthly payments. The 30-year loan is the loan of choice for many because the long payback period means that monthly payments will be lower than shorter-term loans. The interest rate, on the other hand, tends to be higher on a 30-year loan, so you’ll pay more over the life of the loan.

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Average mortgage rates

Data based on U.S. mortgages closed September 16, 2021

Type of loan Sep 16 Last week Switch
Conventional Fixed 15 Years 2.35% 2.37% 0.02%
Conventional Fixed 30 Years 3.26% 3.26% 0.0%
ARM rate 7/1 4.07% 3.95% 0.12%
ARM rate 10/1 3.87% 3.67% 0.2%

Your actual rate may vary

Current mortgage rates: 15 years fixed rate mortgage rates

  • The 15-year rate is 2.348%.
  • It’s a day infold by 0.039 percentage point. ??
  • It’s a month offold 0.008 percentage point. ??

A shorter term loan like a 15 year will have higher monthly payments compared to a 30 year mortgage of the same amount because the loan is paid off faster. The good news is that the interest rate tends to be lower, so you’ll save money by not having to pay so much interest.

Current mortgage rates: jumbo variable rate mortgage rates 5/1

  • The ARM 5/1 rate is 2.22%.
  • It’s a day infold by 0.024 percentage point. ??
  • It’s a month infold by 0.052 percentage point. ??

Another type of loan is variable rate mortgages. The interest rate will be fixed initially but will then become variable, reset at regular intervals. The monthly payments will also be fixed initially, but will then change whenever the rate changes. For example, a 5/1 ARM will have a fixed rate for five years and then the rate will reset to market conditions on an annual basis. Other common terms include an ARM 7/1 and an ARM 10/1.

Current mortgage rates: VA, FHA and jumbo loan rates

The average rates for FHA, VA and jumbo loans are:

  • The rate on a 30-year FHA mortgage is 2.979%. ??
  • The rate for a 30-year VA mortgage is 2.983%. ??
  • The rate for a 30-year jumbo mortgage is 3.381%. ??

Current mortgage refinancing rates

The average rates for 30-year, 15-year and 5/1 jumbo ARM loans are:

  • The refinancing rate on a 30 year fixed rate refinance is 3.386%. ??
  • The refinance rate on a 15 year fixed rate refinance is 2.462%. ??
  • The refinance rate on a Jumbo ARM 5/1 is 2.497. ??
  • The refinancing rate on a 7/1 compliant ARM is 4.508%. ??
  • The refinancing rate on a 10/1 compliant ARM is 3.833%. ??
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Average mortgage refinancing rates

Data based on U.S. mortgages closed September 16, 2021

Type of loan Sep 16 Last week Switch
Conventional Fixed 15 Years 2.46% 2.49% 0.03%
Conventional Fixed 30 Years 3.39% 3.4% 0.01%
ARM rate 7/1 4.51% 4.34% 0.17%
ARM rate 10/1 3.83% 4.05% 0.22%

Your actual rate may vary

Where Are Mortgage Rates Going This Year?

Mortgage rates fell through 2020. Millions of homeowners responded to low mortgage rates by refinancing existing loans and taking out new ones. Many people have bought homes that they might not have been able to afford if the rates were higher.

In January 2021, rates briefly dropped to all-time low levels, but tended to rise throughout the month and into February.

Looking ahead, experts believe that interest rates will rise further in 2021, but modestly. Factors that could influence the rates include how quickly COVID-19 vaccines are distributed and when lawmakers can agree on another cost-effective relief package. More vaccinations and government stimulus could lead to improved economic conditions, which would increase rates.

Although mortgage rates are likely to rise this year, experts say the increase will not happen overnight and it will not be a dramatic jump. Rates are expected to stay near their historically low levels throughout the first half of the year, rising slightly later in the year. Even with rates rising, this will still be a good time to finance a new home or refinance a mortgage.

Factors that influence mortgage rates include:

  • The Federal Reserve. The Fed took swift action when the pandemic hit the United States in March 2020. The Fed announced its intention to move money through the economy by lowering the Federal Fund’s short-term interest rate between 0% and 0.25%, which is as low as they go. The central bank has also committed to buying mortgage-backed securities and treasury bills, thereby supporting the housing finance market. The Fed has reaffirmed its commitment to these policies for the foreseeable future on several occasions, most recently at a policy meeting in late January.
  • The 10-year Treasury note. Mortgage rates move at the same pace as the yields on 10-year government treasury bills. Yields fell below 1% for the first time in March 2020 and have slowly risen since then. Currently, yields have hovered above 1% year-to-date, pushing interest rates up slightly. On average, there is typically a 1.8 point “spread” between Treasury yields and benchmark mortgage rates.
  • The economy in the broad sense. Unemployment rates and changes in gross domestic product are important indicators of the overall health of the economy. When employment and GDP growth are low, it means the economy is weak, which can lower interest rates. Thanks to the pandemic, unemployment levels hit historic highs early last year and have yet to recover. GDP has also been affected, and although it has rebounded somewhat, there is still a lot of room for improvement.

Tips for getting the lowest mortgage rate possible

There is no universal mortgage rate that all borrowers receive. Qualifying for the lowest mortgage rates takes a bit of work and will depend on both personal financial factors and market conditions.

Check your credit score and your credit report. Mistakes or other red flags that can lower your credit score. The borrowers with the highest credit scores will get the best rates, so it’s essential to check your credit report before you begin the home search process. Taking action to correct mistakes will help increase your score. If you have high credit card balances, paying them off can also give you a quick boost.

Save money for a large down payment. This will lower your loan-to-value ratio, which means how much of the home’s price the lender has to finance. A lower LTV usually results in a lower mortgage rate. Lenders also like to see money that has been saved in an account for at least 60 days. It tells the lender that you have the money to finance the purchase of the house.

Shop around for the best rate. Don’t settle for the first interest rate a lender offers you. Check with at least three different lenders to see who is offering the lowest interest rate. Also consider the different types of lenders, such as credit unions and online lenders, in addition to traditional banks.

Also take the time to learn about the different types of loans. While the 30-year fixed-rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year loan or an adjustable rate mortgage. These types of loans often have a lower rate than a conventional 30-year mortgage. Compare everyone’s costs to see which one best suits your needs and your financial situation. Government loans – such as those backed by the Federal Housing Authority, the Department of Veterans Affairs, and the Department of Agriculture – may be more affordable options for those who qualify.

Finally, lock in your rate. Locking in your rate once you find the right rate, the right loan product, and the lender will help ensure that your mortgage rate does not increase until the loan closes.

Our mortgage rate methodology

Money’s Daily Mortgage Rates show the average rate offered by over 8,000 lenders in the United States for which the most recent rates are available. Today, we are posting the prices for Thursday, September 16, 2021. Our rates reflect what a typical borrower with a credit score of 700 can expect to pay on a home loan right now. These rates were offered to people contributing 20% ​​and include discount points.

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Default loans of 6 NBFIs double in 3 months until March

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Defaulted loans at six non-bank financial institutions (NBFIs) more than doubled in just three months through March of this year, following the withdrawal of the loan repayment exemption by the Bangladesh Bank.

The organizations are MIDAS Financing Limited, National Finance Ltd, CVC Finance Limited, Hajj Finance Company Limited, Uttara Finance and Investments Limited and Premier Leasing and Finance Limited. At the end of March, the total NBFI default loans stood at Tk 1649 crore.

Many financial institutions have sunk due to corruption of administrators and mismanagement. Out of 34 NBFIs, 16 are entangled in huge default loans.

According to the Bangladesh Bank, the NBFI recorded disbursed loans of Tk 66,962 crore at the end of March, of which 15.5% were classified loans.

Borrowers from banks and other financial institutions have benefited from a deferral of loan repayments amid lockdowns imposed across the country to verify transmission of the coronavirus last year.

Deferral of repayment was in place for NBFI clients from January to December of the same year, meaning they were not considered to be in default for not having paid short and long term loan installments for this period.

After the authority terminated the facility from January of this year, the amount of defaulted loans began to climb. The central bank then reinstated the facility, under increasing pressure from businessmen through a circular issued on September 1.

According to the circular, if a client repays half of that year’s total installments against a loan, they will not be classified.

Mustafizur Rahman, managing director and managing director of MIDAS Financing, said the default loan amount has jumped due to the sudden lifting of the repayment indemnity.

Even those who were able to make payments did not repay their loans when the special exemption was in effect, he said. However, MIDAS Financing’s default loan amount has decreased from what it was in March.

“In addition, the Bangladesh Bank refused a few requests for deferral benefits last year. That is why loans in default have increased. We were almost back to our previous position in June.

Due to the increase in classified credits, the company had to set aside Tk53 crore for loan provisioning in the first quarter of this year, which was 2,370% more than in the corresponding period of the year. last year.

MIDAS Financing, however, reported 2.5% in cash and 2.5% in stock dividends to shareholders for last year against earnings per share of 0.83 Tk.

On four-fold defaulting loans, Russel Miah, partner at CVC Finance Limited, said that due to the benefit, Credit Information Bureau reports did not show a borrower’s status change for his default on a loan before December. .

And they did not pay the dues after the authority ended the exemption. “As we did not have the authorization from the Bangladesh Bank, we did not provide the carry over facility. But defaulted loans have been on a downward trend since June. We are going to be in a better position than before. ”


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Alabama judge sends tribal Co. loan claim to arbitration

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By Andrew Westney (September 17, 2021, 9:12 p.m. EDT) – An Alabama federal judge referred to arbitration a woman’s proposed class action claiming that a company owned by the Oglala Sioux tribe charged excessive interest for online loans, claiming that his own victory against the company did not allow him to pursue his broader claims in federal court.

U.S. District Chief Justice Kristi K. DuBose on Thursday approved in an order the decision of an American Arbitration Association panel that the loan contracts of Alabama resident Lillian Easley with the company WLCC II, which operates under the name of online lender Arrowhead Advance, were zero.

But Judge DuBose rejected Easley’s offer to file claims for a proposed class of Alabama loan clients who …

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Dotty’s parent company announces data breach

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LAS VEGAS (KTNV) – The parent company, slot machine chain Dotty’s, has announced it has been hacked and said private information may have been leaked.

Nevada Restaurant Services said social security and bank account numbers were part of the data breach and that they would be sending notices to potentially affected Las Vegas Valley customers.

If you think you might have been affected, the company suggests examining bank statements and monitoring credit reports for any suspicious activity.

Read the full review shared by Nevada Restaurant Services below:

Nevada Restaurant Services, Inc. (“NRS”) is providing notice of a recent event that may affect the confidentiality of information of certain NRS customers. The NRS provides information about the event, the NRS’s response to it, and the resources available to individuals to help them protect their information, if they deem it necessary.

WHAT HAPPENED?

In January 2021, NRS identified the presence of malware on some computer systems in its environment. NRS immediately opened an investigation to determine the nature and extent of the incident and to secure its network. Through this investigation, NRS determined that it was the target of a cyber attack and that, as part of the cyber event, an unauthorized actor was able to copy certain information from the system by January 16, 2021. .

WHAT INFORMATION WAS INVOLVED?

The NRS carried out an in-depth review of the relevant data to determine what types of information was involved and to whom it related. Although the specific data elements vary for each potentially affected person, the scope of information potentially involved includes the name, date of birth, social security number, driver’s license number or identification number of the person. State, passport number, financial account and / or routing number, health insurance information, treatment information, biometric data, medical record, tax identification number and credit card number and / or expiration date.

HOW WILL I KNOW IF I AM CONCERNED?

NRS sends notification letters to people identified as potentially affected and for whom they have valid postal addresses. If a person has not received a letter but wants to know if they are affected, they can call the dedicated NRS hotline, detailed below.

WHAT IS NRS DOING?

NRS has security measures in place to protect its systems and the information in its possession, and NRS has endeavored to add additional technical safeguards to its environment. Following this incident, NRS took immediate action to secure its systems and conduct a diligent investigation into the nature and extent of the incident.

WHO TO CONTACT FOR MORE INFORMATION

If people have questions or want additional information, they can call NRS’s dedicated hotline at (833) 909-3914 between 6:00 a.m. and 6:00 p.m. Pacific Time, Monday through Friday.

WHAT CAN I DO?

NRS encourages individuals to remain vigilant against incidents of identity theft and fraud by reviewing account statements and monitoring free credit reports for suspicious activity and detecting errors. Under US law, a consumer is entitled to one free credit report each year from each of the three major credit bureaus, Equifax, Experian, and TransUnion. To order a free credit report, visit annualcreditreport.com or call toll free 1-877-322-8228. Individuals can also contact the three major credit bureaus listed below directly to request a free copy of their credit report.

Consumers have the right to place an initial or extended “fraud alert” on a credit report at no charge. An initial fraud alert is a one-year alert that is placed on a consumer’s credit file. When a fraud alert appears on a consumer’s credit report, a business is required to take steps to verify the consumer’s identity before granting new credit. If you are the victim of identity theft, you are entitled to an extended fraud alert, which is a fraud alert that lasts for seven years. If you would like to place a fraud alert, please contact one of the three major credit reporting bureaus listed below.

Instead of a fraud alert, consumers have the right to place a “credit freeze” on a credit report, which will prevent a credit bureau from disclosing information in the credit report without authorization. express of the consumer. The credit freeze is designed to prevent credit, loans and services from being approved on your behalf without your consent. However, you should be aware that using a credit freeze to control who has access to personal and financial information on your credit report may delay, interfere with, or prevent the timely approval of any request or subsequent request that you. made regarding a new loan, credit, mortgage, or any other account involving the extension of credit. Under federal law, you cannot be charged to place or lift a credit freeze on your credit report.

To request a security freeze, you will need to provide the following information:

  1. Full name (including the initial of the middle name as well as Jr., Sr., II, III, etc.);
  2. Social Security number;
  3. Date of Birth;
  4. Addresses from the previous two to five years;
  5. Proof of current address, such as a current utility bill or phone bill;
  6. A legible photocopy of a government issued ID card (driver’s license or state ID card, etc.); and
  7. A copy of the police report, investigation report, or complaint filed with a law enforcement agency regarding identity theft if you are a victim of identity theft.

If you would like to place a fraud alert or a credit freeze, please contact the three major credit bureaus listed below:

Equifax

  • Equifax Fraud Alert, PO Box 105069 Atlanta, GA 30348-5069
  • Equifax Credit Freeze, PO Box 105788 Atlanta, GA 30348-5788

Experiential

  • Experian Fraud Alert, PO Box 9554, Allen, TX 75013
  • Experian Credit Freeze, PO Box 9554, Allen, TX 75013

TransUnion

  • TransUnion Fraud Alert, PO Box 2000, Chester, PA 19016
  • TransUnion Credit Freeze, PO Box 160, Woodlyn, PA 19094

Information provided by Nevada Restaurant Services, Inc. Learn more here.


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“Fintech” industry: is it there to help you or to eat you alive?

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Would you share the complete record of your personal banking transactions and purchases if this turned out to be the best way to get a new loan?

Utah is home to a host of emerging financial tech or fintech startups that are creating a host of new options for consumer and business financial services that were once the exclusive purview of the traditional banking system.

But the same data access that has helped revitalize the FinTech industry and led to new options for, say, consumers who need to borrow money but don’t have a credit history. or small business owners who don’t qualify for regular banks, has a side too.

These questions, and many more, were explored at the University of Utah’s inaugural Fintech Summit on Friday.

Utah Senator Mitt Romney joined Taylor Randall, the new President of the United States and former Dean of the David Eccles School of Business in the United States, for a conversation to open the hybrid live / broadcast event .

Romney spent years in the private equity world before leaving in 1999 to oversee the 2002 Winter Olympics in Salt Lake City. He noted how different today’s financial industry is and that high-risk companies, like tech startups, that once struggled to find access to capital were playing by a new set of rules.

“The money for early stage, high risk businesses was not available,” Romney said. “Now the funds available far outweigh the opportunities to apply those funds in a meaningful way.”

And new “fintechs” are finding ways to connect their clients to these funding sources through avenues that traditional institutions simply couldn’t or wouldn’t want to follow.

University of Utah President Taylor Randall, left, listens to Senator Mitt Romney of the Utah GOP during a discussion at the inaugural Fintech Summit at the Garff Executive Education Building at the University of Salt Lake City on Friday, September 17, 2021.
Scott G Winterton, Deseret News

A little-known principle of the ten-year-old Dodd Frank Wall Street Reform and Consumer Protection Act, a massive piece of legislation designed to help address vulnerabilities exposed by the Great Recession, gave American consumers the right to access their financial and banking information in a machine-readable format.

Consumers can now grant access to their personal account to potential “fintech” lenders, who typically use an algorithmic approach to assess deposit history, spending, savings, and more. of the applicant to determine the creditworthiness of the loan. Everything happens through a smartphone app and can be accomplished in a matter of minutes.

Supporters say it’s a boon for those who don’t have access to traditional banking institutions, are members of marginalized communities, or simply don’t have a sufficient credit history to qualify under traditional banking requirements. And it’s an approach that works like a meritocracy in helping to elevate inclusion and reduce the racial / ethnic and socio-economic biases that have been exposed in some traditional banking practices.

But University of Utah law professor Chris Peterson, who attended a summit roundtable on FinTech regulatory issues, said all data can also be used as a weapon against people. even who are looking for alternatives to traditional banks because of their situation.

“I’m really worried about the alternative data being used not only to determine who has access to credit, but how to market to people… when they’re most vulnerable,” Peterson said. “Some of these loans I’m really concerned about that aren’t that good for people, and you have some sort of alternative data that determines when they’re most vulnerable, when they’re most likely to make a bad decision. . “

Peterson said a bad fintech player could, through authorized access to a client’s account data, determine when that person is typically in the greatest financial difficulty, such as right before their regular paycheck, and target them. with an online ad or e-mail offer that may come with an exorbitant interest rate or imbalanced repayment terms.

Utah Bankers Association President Howard Headlee noted that federal lawmakers and regulators have been working on ways to eradicate prejudice and inequalities in banking practices through efforts such as the Credit Act for equal opportunities and the law on community reinvestment. The challenge now is to apply these regulatory guidelines to the world of big data, machine learning and fintech artificial intelligence.

Even as regulators scramble to catch up with innovations emerging from the fintech sector, these startups are proliferating and in many ways creating greater access to credit and capital for individuals and businesses and, by default, pushing forward traditional financial institutions to do their own innovation.

A panel of fintech industry representatives at the top included Kristy Kim, co-founder and CEO of Tomo Credit.

Kim said she was inspired to start her own business when she ran into problems as a young professional who, although she worked as an investment banker in San Francisco, was unable to get a car loan because of a limited credit history.

“I had bank accounts and income. However, I didn’t have a credit score, ”Kim said.

Tomo, Kim said, uses access to applicant account data to determine creditworthiness and doesn’t bother pulling FICO credit scores. And, she says, applicants can be approved for credit limits of up to $ 10,000 in a process that typically takes about two minutes.

Square is a fintech company launched in 2009 to, according to the company, help small businesses participate in the economy. It offers a range of services that include helping customers launch websites and process online payments, manage in-person payment systems, market products and services, and manage employee payroll. It also provides financial services to its participating businesses, including issuing business loans through a financial services subsidiary.

Square Financial Services CEO Lou Goodwin said his company’s average loan size is around $ 6,000 to $ 7,000, and the funds are typically used by small business owners to solve problems. immediate and real, such as repairing or updating equipment or resolving short-term funding issues.

His company assesses credit applicants based on their business transaction data. The process, Goodwin said, is accomplished using machine learning and artificial intelligence tools managed by scientists and engineers and is independent of the underlying company or person applying for the loan. .

He noted that this is also a method which, by structure, leads to more equitable results for its clients.

“It’s all about economic empowerment,” Goodwin said. “Bringing underserved, neglected or just plain unprofitable people into the banking world” for the traditional banking sector.

And to put the influence of emerging fintechs into perspective, the Economic Times recently reported that Square was worth $ 113 billion, more than Europe’s most valuable bank, HSBC, currently valued at around $ 105 billion.


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Illinois payroll stagnates and unemployment rate is 35% higher than the US average

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Illinois nonfarm payroll added just 2,500 jobs from mid-July to mid-August. Unemployment was steadily high as the rest of the nation recovered.

Illinois created just 2,500 jobs from mid-July to mid-August, virtually unchanged from the previous month, according to data released by the Illinois Department of Job Security.

August’s slow jobs report follows a strong performance in July, in which revised figures show the state created 38,100 jobs. August was the worst month for jobs in Illinois since April.

At the industry level, the results have been mixed. Five major industries lost jobs, five added and one remained unchanged in August.

Among the industries that created jobs, leisure and hospitality grew the most with 5,800 (+ 1.2%) salaried jobs. Manufacturing gained 3,900 (+ 0.7%) jobs; the government’s payroll increased by 1,900 (+ 0.2%); the information payroll increased by 300 (+ 0.3%); and mining added 100 jobs (+ 1.5%).

In terms of industries that lost jobs, education and health services lost the most jobs at -4,900 (-0.5%) in August. Trade, transport and public services lost 2,300 (-0.2%) jobs; the payroll for other services fell by 1,300 (-0.5%); construction eliminated 700 (-0.3%) jobs; and financial activities lost 300 (-0.1%) jobs last month. Professional and commercial services payrolls remained unchanged in August.

Despite weak payroll growth during the month, Illinois’ unemployment rate fell from 7.1% to 7% in August. However, the state continued to lag behind the national recovery, with the national unemployment rate falling from 5.4% to 5.2%. That means Illinois’ unemployment rate is now 35% higher than the national average.

Making matters worse for the 435,900 Illinois residents still out of work, Illinois lawmakers passed a $ 42.3 billion budget that was out of balance for the 21st year in a row despite taxing $ 655 million tax increases that specifically hurt investment and job creation. These taxes will hamper the Illinois economy as it attempts to recover.

The other threat to jobs is a $ 5.8 billion deficit in the state’s unemployment insurance trust fund. On September 6, the state missed a federal loan payment deadline, meaning a $ 4.2 billion interest-free federal loan used to cover unemployment benefits is now costing taxpayers $ 60 million in interest a year and likely triggers automatic tax hikes and benefit cuts that are expected to further damage Illinois’ weak labor market.

Ignoring the impact of public policies, and particularly taxation, on a fragile economic recovery from COVID-19 will only lengthen and deepen Illinois struggles.


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Disaster relief available for businesses and nonprofits affected by Hurricane Ida, SBA says

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Some members of the business community who have been touched by the history Hurricane Ida earlier this month are eligible for physical disaster loans via the U.S. Small Business Administration, the agency said this week.

Six Pennsylvania counties are included in the agency’s target for major counties: Philadelphia, Bucks, Chester, Delaware Montgomery, and York. These counties have physical disaster loans available to businesses of all sizes, nonprofits, faith-based organizations, landlords and tenants. Small Qualifying businesses and nonprofits will automatically be considered for a working capital loan when they apply for a physical disaster loan.

Three types of loans are available for businesses in these counties:

  • Business physical disaster loans assist in repairing or replacing property, inventory, supplies or equipment damaged by the hurricane.
  • Economic disaster loans are working capital loans to help small businesses that cannot meet their necessary financial obligations.
  • Disaster home loans go to homeowners or tenants to repair or replace damaged property and personal property.

Seven other counties are included as contiguous counties and are only eligible for working capital loans, known as Economic Disaster Loans (EIDL) which are available to small businesses and non-profit organizations. eligible profit. These counties are Adams, Berks, Cumberland, Dauphin, Lancaster, Lehigh and Northampton.

SBA also opened a business turnaround center in Schuylkill Library Falls at 3501 Midvale Ave. for in-person assistance Mondays and Wednesdays from noon to 8 p.m., Tuesdays and Thursdays from 10 a.m. to 6 p.m. and Fridays from 10 a.m. to 5 p.m.

To be considered for all forms of disaster assistance, applicants should register online at Disaster Assistance.gov or download the FEMA mobile app. Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website.

The SBA will consider your credit history, repayment capacity, and guarantees for loans over $ 25,000. Interest rates are as low as 2.8% for businesses, 2% for nonprofits, and 1.5% for landlords and tenants. The deadline for applications for this loan program is November 9 for property damage and June 10, 2022 for economic damage claims.

Applications are free and loans do not have to be accepted, if offered. For a quick overview of how the program works, watch the videos below:

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The government has been working on a proposal to require food delivery apps to collect and file GST with the government, instead of what is currently done by restaurants.

Not restaurants but Swiggy, Zomato will pay GST to government


  • GST Council Meeting: वित्त मंत्री ने कहा- ‘पेट्रोल-डीजल को TPS में लाने का यह सही समय नहीं’

  • ट्रैक रिकॉर्ड वाले दमदार शेयर जो चमकाएंगे आपके मुनाफे का पोर्टफोलियो

  • के बाद बाजार में बिकवाली, से जानें कल कैसी रहेगी बाजार की दिशा और दशा

  • TPS काउंसिल ने इन चीजों के रेट में बदलाव किया, चेक कीजिए पूरी लिस्ट

  • Vodafone Idea के जरिए नहीं चुकाएगी AGR बकाया, बना रही यह रणनीति

  • Punjab Elections: AAP राघव चड्ढा ने नवजोत सिंह सिद्धू को बताया पंजाब की राजनीति का ‘राखी सावंत’

  • NZvsPAK: सुरक्षा देते हुए ठीक पहले रद्द पाकिस्तान दौरा

  • Electric vehicle म्यूचुअल फंड लाएगी सचिन बंसल की कंपनी नवी MF, सेबी के पास दिया आवेदन

  • का पर, तेजी वजह?

  • SpiceJet वित्तीय मुश्किलों के बीच मिली राहत, एयरक्राफ्ट लीजिंग कंपनी से हुआ सेटलमेंट

  • YouTube हर महीने 4 कमाते हैं नितिन गडकरी, बताया कैसे करते हैं इस्तेमाल

  • रिकॉर्ड छूने के बाद हावी हुई, Sensex 125 अंक फिसला, Nifty 17585 पर हुआ बंद

  • पेट्रोलियम मिनिस्ट्री की GPL कमेटी का सब्सिडी, इम्पोर्ट ड्यूटी को समान करने का सुझाव

  • Cadbury Advertising: लौट आया है कैडबरी का वो आइकॉनिक क्रिकेट एडवर्टाइजमेंट, मगर इस बार नए ट्विस्ट के साथ

  • 1 महीने में 300% से ज्यादा भागा ये स्टॉक, एक बार फिर 2,000 रुपए का स्तर मुमकिन, क्या है आपके पास



name Price Switch % variation
Sbi 454.10 -9.60 -2.07
Indiabulls Hsg 228.75 -13.10 -5.42
Ntpc 123.75 -0.25 -0.2
Nhpc 27.70 -0.40 -1.42

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Snapshot of the IPO

Equity Type Issue price Size of the problem Lot size Open problem Problem Close
Paras Defense See profile Initial Public Offering 165 170.78 – 181.13 85 09-21 23-09
Markolines Traf See profile SME IPO 78 40 1600 15-09 20-09
Prevest See profile SME IPO 82 25.98 – 26.61 1600 15-09 17-09
SBL Infratech See profile SME IPO 111 2.37 1200 16-09 20-09
Equity Issue price Registration date Open announcement Announcement Close % quotation gains CMP Current earnings%
Platinum 92 16-09 110.00 104.90 02.14 110.10 19.67
Naapbooks 74 15-09 73.90 74.00 0 73.75 -0.34
Organic AMI 610 14-09 902.00 934.55 53.2 1215.05 99.19
Vijaya diagnosis 531 14-09 542.30 619.30 16.63 627.35 6:15 p.m.
Scheme Fund Category Info Purchase order Opening date Closing date
No NFO details available.
Equity Type Issue price Size of the problem Lot size Subscription Open problem Problem Close

View profile

SME IPO 71 3.83 – 3.99 0 01-09 06-09

BEW Ing. View profile

SME IPO 58 3.97 0 02-09 07-09

Platinumone See profile

SME IPO 92 3.89 0 02-09 07-09

Sansera See profile

Initial Public Offering 734 1265.73 – 1282. 0 11.47 14-09 16-09

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Ajay Jain
Ajay Jain

CEO, ajayastromoneyguru

September 20 – 2:00 p.m.

What do the stars predict?



chat box

Ajay Jain
Ajay Jain

CEO, ajayastromoneyguru

September 20 – 2:00 p.m.

What do the stars predict?

Company Name Last prize Switch Market capitalization Net sales Net profit Assets






country = India page generated = 2021-09-17 21:50:16


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Fourth Live Update from Stimulus Control: Child Tax Credit Extension to 2025, New Payment in California, Unemployment Benefits …

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Securities

– A new invoice to extend federal unemployment benefits until February 2022 emerges on Capitol Hill. (Whole story)

– How do I register a newborn baby for the monthly child tax credit payments? (Whole story)

– Last week, initial unemployment claims have increased for the first time in recent months. (All the details)

800,000 New Yorkers lost unemployment benefits when federal programs ended. (Whole story)

– September Child Tax Credit payments sent, when will the money arrive in the banks (More information)

Fourth Federal Stimulus Check not in the $ 3.5 billion reconciliation invoice (full story)

– Some US states send their own stimulus payments (More information)

Overview of the three dunning checks adopted by Congress. (Details)

Useful information / links

California Golden State Stimulus Checks:

– The California Tax Franchise Board is about to send 2 million additional Golden State Stimulus checks Friday September 17th.

– How to Track Your Golden State Stimulus Check

Who can receive a second Golden State Stimulus check? (Details)

– When can I expect my $ 600 Will Golden State Stimulus in California Happen? (Details)

– What state programs exist for Americans who lost their unemployment benefits? (All the details)

– IRS distributes third payment of the child tax credit (Find out how you can unsubscribe from the monthly CTC)

Some of our related press articles:


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