MONEY Archives - theprincessandhercowboys

Money

Former city administrator pleads guilty to money laundering

Lenore Staats 1 month ago

HATTIESBURG, Miss.

A former administrator for a Mississippi city has pleaded guilty to money laundering and making false statements on a federal tax return, federal authorities said.

Randy James, 56, who was once city clerk of Bay Springs in Jasper County, entered the plea Wednesday before Senior U.S. District Judge Keith Starrett, U.S. Attorney Mike Hurst said in a news release.

“I commend local bank employees who spotted this criminal activity, as well as our federal, state, and local law enforcement partners and prosecutors who were diligent in catching this crook and holding him accountable,” Hurst said. “We will continue

Money

5 student money questions, answered

Lenore Staats 2 months ago

If you’re a student, this school year probably doesn’t look exactly the way you had hoped. The pandemic has added a new layer of concerns – and that’s on top of the usual challenges students face as they adapt to university life. (You know, like making new friends, studying for exams and trying not to blow your whole month’s budget in the first few days.)

While we may not be able to predict the next wave of social distancing regulations, we can offer some advice on thinking smarter about your money. We spoke to five students to answer their most

Money

Safe-T Group Interview to Air on Bloomberg International on the RedChip Money Report

Lenore Staats 2 months ago

HERZLIYA, Israel , Oct. 01, 2020 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced an interview with Shachar Daniel, Co-Founder and CEO, will air on The RedChip Money Report television program. The interview will air Sunday, October 4, at 6 p.m. local time on Bloomberg International, available in 100+ million homes across Europe.

In the exclusive interview, Daniel discusses the Company’s secure remote access technology and plans for growth.

To view the interview segment, please visit: https://youtu.be/BG31KgUb1Js

The interview will also air in the US

Money

Trump Supports Granting More Small Business Loan Money Immediately, Mnuchin Says

Lenore Staats 2 months ago

Steven Mnuchin wearing a suit and tie: US Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response in the US Capitol in Washington,DC on September 22, 2020. Mnuchin said President Donald Trump supports more small businesses loans.

© Joshua Roberts/AFP
US Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response in the US Capitol in Washington,DC on September 22, 2020. Mnuchin said President Donald Trump supports more small businesses loans.

Secretary of the Treasury Steven Mnuchin said President Donald Trump is in favor of granting more federal loans to small businesses, as stimulus negotiations continue to stall.

“The president would very much support signing into law additional PPP [Paycheck Protection Program] money immediately,” Mnuchin said during a congressional hearing.

Mnuchin and Federal Reserve

Money

Newspaper toy fund starts raising money early for a challenging holiday season

Lenore Staats 2 months ago

The Portland Press Herald Toy Fund is facing unprecedented challenges as more Maine families struggle to make ends meet during the coronavirus pandemic and need help bringing their children a sense of normalcy during the upcoming holidays.

The toy fund is making an early appeal for financial support and forming new partnerships with other nonprofit organizations and two additional newspapers to meet that need. The economic pressures of the pandemic come after the charity spent much of its reserve fund in recent years as donations gradually declined and need remained high, according to organizers.

Last year, the toy fund raised

Money

SEB dirty money problems ‘not new’, says Swedish FSA after TV show revelations

Lenore Staats 2 months ago

STOCKHOLM (Reuters) – Sweden’s financial watchdog said on Wednesday that lender SEB’s past deficiencies regarding money-laundering were well known, after Swedish Television (SVT) aired a programme saying 8.2 billion Swedish crowns ($919 million) in suspicious funds had passed through the bank.

SVT’s allegations were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which were reported by U.S. and other media on Sunday.

“The fact that there has been suspected illicit financial flows through SEB in the Baltic region is something that has been

Money

Question: Why Do Bankers Behave So Badly? They Make too Much Money to Ask Questions

Lenore Staats 2 months ago

Over the past 16 months journalists have been scouring through more than 2,000 Suspicious Activity Reports originally sent by banks to the United States Treasury, before being leaked to Buzzfeed and then passed along to the International Consortium of Investigative Journalists.

The reports relate to more than US$2 trillion in transactions over the period from 2000 to 2017. Some of these transactions will already have been investigated, and may be legitimate. In the case of the Australian banks, the regulator AUSTRAC has already asked the US Treasury for some of this information.

There are a number of questions raised by

Money

Eastern Bank idea leads to small-business money management app

Lenore Staats 2 months ago

Monit, a fintech company that stemmed from an idea hatched at Eastern Bank in Boston, has launched a namesake app to help small-business owners analyze and predict cash flow, revenue and profitability.

Rather than charging small-business owners to use it, the app will be delivered through community and regional banks. Monit makes money through software-as-a-service revenue agreements with banks.

This launch is one example of a broader trend in which banks of all sizes are trying to provide better technology to small businesses, in the hopes of attracting and strengthening relationships with them. Apps like Monit’s not only can tie

Money

Inside LSU’s $56.4M budget shortfall: No money for pay raises, how officials will make up gap, more | Education

Lenore Staats 3 months ago

After several years of flat or increased budgets, LSU is looking at starting next year with $56.4 million less money.

The LSU Board of Supervisors without discussion approved Friday a $1.06 billion spending plan of unrestricted funds – a 5% reduction from this year’s $1.12 billion. The budget covers LSU’s colleges in Alexandria, Baton Rouge, Eunice, and Shreveport as well as the medicals schools and Pennington Biomedical Research Center.

LSU executives weren’t that concerned, noting that much of the shortfall will be made up with the use of one-time money, such as leftover salaries from unfilled positions, and increases in

Money

Twitter’s Un-Famous Users Can Make Money From Viral Tweets

Lenore Staats 3 months ago

You don’t need to be Twitter famous to make money from viral tweets.

A growing number of Twitter users –- many of them with very few followers of their own — have glommed onto an inventive way to harness the power of tweets that go viral to make a few bucks for themselves.

These savvy users do this first by finding a tweet that’s garnering a lot of attention. They then use the reply tool to point the Twitterverse toward a brand, which, in turn, pays a small fee in exchange for the mention. None of this happens through Twitter’s

Money

Keanu Reeves Has a Refreshingly Honest Approach to Money

Lenore Staats 3 months ago

As they say, there’s no business like show business. And with million-dollar paychecks floating about, it’s all too easy for stars to prioritize chasing money over everything else. But that doesn’t seem to be the case for Keanu Reeves. Although the actor has headlined some enormous hits, he has a refreshingly relaxed attitude toward the financial part of his job.

Keanu Reeves and his mother, Patricia Taylor, at the 92nd Oscars — Keanu Reeves and his mother, Patricia Taylor, at the 92nd Oscars | ROBYN BECK/AFP via Getty Images

Keanu Reeves landed an enormous payday for ‘The Matrix’ sequels

Reeves has been a big-screen fixture since the mid-1980s. But his first big-screen

Money

Developer money has influenced local elections for too long

Lenore Staats 3 months ago

Margaret Moore, Your Turn
Published 7:01 a.m. ET Aug. 27, 2020

Margaret Moore (Photo: Your Turn)

Much ado has been made this past election cycle about the influence of big business interests in our local elections. Rightfully so: The influence of organized money in local politics has a significant impact on major decisions about the future of our community and quality of life for all of us.

Every resident of Tallahassee has a right to advocate for their interests, including business owners and major landowners. When a handful of wealthy insiders and the multiple entities they control create a political

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Maine to use $200M in stimulus money for small business grants

Lenore Staats 3 months ago

AUGUSTA, Maine — Maine will use $200 million in federal stimulus funds to provide grants to small businesses and nonprofits affected by the coronavirus-induced recession as part of a program that fell far short of a state panel’s aid recommendation.

The program rolled out by Gov. Janet Mills on Thursday is one of the major ones funded so far with $1.25 billion that Maine received under the $2 trillion CARES Act passed by Congress in March. States and municipalities are hoping for more congressional aid, but Republicans and Democrats are deadlocked on that subject in a fraught election year.

The

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‘Energize Colorado’ Fund Will Offer Money To Struggling Businesses

Lenore Staats 3 months ago

DENVER (CBS4) – A new program starting next week will provide more than $25 million in small business loans and grants to Colorado companies. “Energize Colorado” will prioritize businesses in rural areas, as well as those that are owned by veterans, women and minorities.

CBS4’s Alan Gionet talked to business owners who have been hit hard by the coronavirus pandemic.

“Our line is beautiful and people do very well with it,” said Patti Morgan. She was in her space inside the Denver Mart, a mall of sorts for wholesalers on the north side of Denver. It’s a sole proprietorship where

Money

Money Experience Summit 2020: Accelerating The Future Of Money

Lenore Staats 3 months ago

SILICON SLOPES, Utah, Aug. 27, 2020 /PRNewswire/ — MX, the leading financial data platform enabling organizations to develop, launch, and power new money experiences, today announced that the first annual Money Experience Summit, Sept. 1-2, has expanded to include 8 keynotes, more than 40 breakout sessions and 15 on-demand product sessions. Starting next week, the two-day digital event will feature the financial industry’s foremost thought leaders and practitioners discussing how to accelerate the future of money and deliver data-driven money experiences.

Participants can register for the event for free to hear from dozens of organizations driving the money

Money

Real Vision Talks K-Shaped Recovery, Tesla, Money Market Fund Fee Waivers

Lenore Staats 3 months ago

Inequality is an ever-widening chasm as the strong get stronger and the weak go out of business. Real Vision’s Ash Bennington and Ed Harrison talked about the gap between large and tech-based companies on the upside of the economic recovery versus the small and brick-and-mortar businesses on the downside during today’s Daily Briefing.

They said that the gap between winners and losers is forming what some are calling a “K”-shaped recovery. With claims that cities are “dead,” one interesting sector on the upside they discussed is homebuilders, whose businesses are booming.

Existing home sales are through the roof, with distant

Money

What The Billboard Top Money Makers Chart Tells Us About Today’s Music Business

Lenore Staats 3 months ago

Queen + Adam Lambert Rhapsody Tour - Brisbane - top money makers — (Photo by Marc Grimwade/WireImage)

WireImage

It’s always interesting to read an estimation of what top music artists earn, but any such chart is just that – an estimation. That being said, people with knowledge of typical income streams and label and publishing deals can make a reasonable guess of what an artist actually earns from year to year. Is that guess off by any amount? Probably, but we’ll never know for sure. That said, Billboard does a pretty good job of determining what a superstar music artist netted during any given time period.

This year’s chart takes into account things

Money

Restaurants are shelling out big money for new tech and safety measures

Lenore Staats 3 months ago

Many restaurants are still in a daily fight for survival, teetering precariously between financial distress and recovery. Insurmountable operating costs and the dreaded spread of COVID-19 amongst staff have either permanently or temporarily shuttered countless restaurants throughout North Texas.

In attempts to outlast the virus and its economic destruction, some restaurant operators are trying to stay ahead of it by paying substantial sums for new technology and enhanced safety measures.

Al Biernat, owner of Al Biernat’s, installed air purification systems in his two Dallas steakhouses. The restauranteur says the ActivePure filtration systems, which are designed to remove airborne contaminates, come

Money

Millennial Money: 6 Great Recession Lessons That Still Apply

Lenore Staats 3 months ago

3. GET SMART ABOUT MONEY

You’ll find a myriad of financial literacy resources online and at your local library, assuming it is open and safe to visit during the pandemic.

I struggled to save money on a lower salary. Credit cards became my emergency fund. I don’t recommend this approach, but times were tough. Had I learned about financial hardship programs, student loan repayment options or balance transfer credit cards, I would have saved heaps on interest and ditched debt faster.

4. ESTABLISH MULTIPLE STREAMS OF INCOME

I still wanted journalism experience and extra income, so on top of my

Money

Trump Has Now Moved $2.3 Million Of Campaign-Donor Money Into His Private Business

Lenore Staats 3 months ago

Donald Trump Holds Campaign Event In Yuma, Arizona — President Donald Trump speaks in Yuma, Arizona at an event for his reelection campaign, which has raised huge sums from supporters around the country but, so far, not a cent from the billionaire himself.

GettyImages

^Donald Trump continued to shift money from his donors to his business last month, as his reelection campaign paid his private companies for rent, food, lodging and other expenses, according to a review of the latest Federal Election Commission filings. The richest president in American history, who has yet to donate to his 2020 campaign, has now moved $2.3 million of contributions from other