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Posthaste: ‘Financial stress storm’ just starting for working Canadians
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Posthaste: ‘Financial stress storm’ just starting for working Canadians

Breadcrumb Trail LinksExecutive Summary ExecutiveFinancial well-being of workers dives as costs soar, National Payroll Institute survey saysPublishing date: Sep 21, 2022 • 1 day ago • 7 minute read • 5 CommentsThe financial well-being of workers has fallen sharply this year and is expected to get worse in the months ahead. Photo by Laura Pedersen/National Post filesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.Article content Good morning!Advertisement 2This advertisement has not loaded yet, but your article…
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US Life Span Falling Behind Our Peer Countries
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US Life Span Falling Behind Our Peer Countries

March 6, 2023 · 7:29 AMFrom NPR:The average life expectancy for Americans is shortened by over seven months [in 2021]according to new data from the Centers for Disease Control and Prevention.That decrease follows an already big decline of 1.8 years in 2020. As a result, the expected life span of someone born in the US is now 76.4 years — the shortest it has been in nearly two decades.But we still have the best healthcare system in the world, right? Not if you judge it by life expectancy. From Health System Tracker:Life expectancy in the…
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“Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%
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“Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%

(Bloomberg) — Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500 . Most Read from Bloomberg “Even in a plain vanilla recession, the S&P 500 could fall by 30%,” said Roubini, chairman and chief executive officer of Roubini Macro Associates, in an interview Monday. In “a real hard landing,” which he expects, it could fall 40%. Roubini whose prescience on the housing bubble crash of 2007 to 2008…
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Two Hospitals Fined for Violation of Medicare’s Price Transparency Law
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Two Hospitals Fined for Violation of Medicare’s Price Transparency Law

September 15, 2022 · 7:00 AMNot the offending hospital I’ve long been an advocate for price transparency in healthcare. The Centers for Medicare and Medicaid Services (aka CMS) has recently taken action that requires hospitals to post their prices online, which should boost competition and help you shop around to save money. If memory serves, the price posting only applies to a limited number of services. I presume the rare hospitals that don’t accept Medicare and Medicaid payments are exempt. From MedPage Today:This week [June 2022], CMS handed down their first penalties to two hospitals in Georgia for…
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Stocks close mixed, yields rise to start final trading week of 2022 [Video]
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Stocks close mixed, yields rise to start final trading week of 2022 [Video]

US stocks closed mixed Tuesday after Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. The S&P 500 (^GSPC) fell 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) slid 1.4%. The Dow Jones Industrial Average (^DJI) was an outliner, advancing a modest 0.1%. Tesla (TSLA) was among the day’s biggest movers, extending a sharp downtrend after Reuters reported the electric vehicle giant would run a reduced production schedule at its Shanghai factory in January, extending the reduced output it began this month into the new year. Tesla stock tanked more than 11%…
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Zelenskiy Meets With Biden as US Adds More Aid
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Zelenskiy Meets With Biden as US Adds More Aid

(Bloomberg) — Volodymyr Zelenskiy arrived at the White House to a red-carpet welcome by President Joe Biden in the Ukrainian president’s first trip outside his country since Russia invaded on Feb. 24. The two presidents later took part in a joint press conference. Zelenskiy was scheduled to make an evening address to Congress before leaving Washington. Most Read from Bloomberg Before the two leaders met in the Oval Office, the Biden administration confirmed nearly $2 billion in military assistance and said it would deliver a Patriot missile battery to help Ukraine bolster its defenses this winter. President Vladimir Putin said…
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Former NYU administrator charged for orchestrating .5M fraud scheme
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Former NYU administrator charged for orchestrating $3.5M fraud scheme

A former New York University director of finance allegedly siphoned $3.5 million meant for minority and women-owned businesses and blew some of the cash on himself — including on an $80,000 pool for her Connecticut home, prosecutors said Monday. Cindy Tappe, 57, was charged with diverting funds from the New York State Education Department grants into shell companies that she created over a six-year scheme that was discovered in 2018, when she left NYU, according to the Manhattan District Attorney’s Office. Some of the embezzled money went to expenses related to the grants or employee reimbursement — but at least…
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Stocks climb after soft inflation print
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Stocks climb after soft inflation print

US stocks rose Tuesday, climbing on the strength of fresh inflation data showing prices rose less than expected last month. The S&P 500 (^GSPC) advanced by 0.7%. The Dow Jones Industrial Average (^DJI) added 0.3%, while the technology-heavy Nasdaq Composite (^IXIC) rose 1.0%. Stocks fluctuated throughout the day, paring significant early gains in the session before ending comfortably on the green. The session’s jump came after data from the Bureau of Labor and Statistics showed prices in November rose 0.1% over the prior month and 7.1% over the prior year. Tuesday’s data was seen by investors as potentially encouraging for…
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