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Business & Lifestyle

Illinois’ new parking tax takes effect Jan. 1; critics say it will cost jobs

SPRINGFIELD (The Center Square) -- To help generate $45 billion in new revenue for the Rebuild Illinois infrastructure plan, the state will start taxing parking businesses on Jan. 1. The tax will be 6 percent of the parking rate for hourly, daily or weekly parking. The tax rate will be 9 percent on monthly or yearly parking spaces. The new monthly revenue will then be used to pay for general expenses with the infrastructure plan. Because the tax doesn’t qualify […]

todayDecember 22, 2019 7

Business & Lifestyle

How is the state of Illinois handling the student loan debt crisis?

Student debt is a nationwide plague, with many of us still attempting to pay off loans that have racked up. The problem of student loans is so bad that it informs much of today’s presidential platforms. That being said, the fact of the matter is that much of these debates are still precisely that—debates. While the government tries to figure out how to lessen student loans (or remove them altogether), many of us still have to pay them off. Where […]

todayDecember 1, 2019 9

Business & Lifestyle

Beyond Bitcoin: how developers are helping traditional banks modernize

Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive. According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernization effort.” Security threats, the […]

todayNovember 12, 2019 5

Business & Lifestyle

Five trends fintech developers need to know

Fintech has become globally mainstream, with 64% of consumers adopting some sort of behavior that fuses technology with financial services. As the market becomes more mature, so do the challenges facing fintech institutions. This year has brought new trends in improving security, big innovations in mobile banking, and the widespread adoption of 5G internet. For developers, fintech is a lucrative job market. “It’s a candidate’s market out there,” writes Silicon Republic. “The big fintech giants are crying out for talent.” […]

todayNovember 8, 2019 6

Business & Lifestyle

Social Security benefits to receive 1.6% increase for 2020

Recipients of Social Security and Supplemental Security Income (SSI/SSI Disability) benefits for nearly 69 million Americans may notice an increase of their benefits for 2020, according to the Social Security Administration. A cost-of-living adjustment of 1.6 percent is set to be added to benefits payable to more than 63 million Social Security beneficiaries beginning in January 2020. Increased benefits to more than 8 million SSI recipients will begin on December 31. (Please note that some people receive both Social Security […]

todayOctober 21, 2019 4

Business & Lifestyle

British SME’s: what’s the future looking like for small and medium business enterprises?

Recent research has revealed that 1.6 million UK-based small-medium enterprises (SMEs) consider it “normal” for their revenue to halve or double depending on the time of year. While these fluctuations in revenue can make cash-flow management quite difficult, the future continues to look bright for UK SMEs. Increasing numbers of business owners and decision-makers agree that the services they use and offer need to be scalable, flexible and willing to adapt. Many SMEs tend to take an “ad hoc” approach […]

todayOctober 6, 2019 14

Business & Lifestyle

OP-ED: What is market manipulation?

Editor Note: This is the third and final part of a three-part op-ed regarding money. You can check out the first part and second part of this op-ed series here. In the previous two columns, I explored what constitutes something as money and why there is an interest rate. I also briefly explored the history of the U.S. dollar and what affects interest rates. In this column, I will dive into the manipulation of markets and what happens to them […]

todaySeptember 20, 2019 19

Business & Lifestyle

OP-ED: What is an interest rate?

Editor Note: This is the second part of a three-part op-ed regarding money. You can check out the first installment here. When we were figuring out what constitutes something as money, we saw how the value the baker held for maple syrup diminished when his supply of that good increased and that the value someone holds for something is subjective and unique to that individual. The hunter will, likely, always hold more value in venison than the baker no matter […]

todaySeptember 5, 2019 6

tax taxation is theft money finances

Business & Lifestyle

OP-ED: Common misconceptions about fiat currency

Editor Note: This is the first part of a three-part op-ed regarding money. There are some common misconceptions about today’s money. One is that our currency is backed by the gold in Fort Knox and we can exchange our dollars for gold. Another is that money, somehow magically, comes from government and that the government has to bring money into being before the society can start utilizing the “wealth” that the government creates. But what actually constitutes something as money? […]

todayAugust 30, 2019 14

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