Finance
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When I was out to get groceries yesterday, I couldn’t help but see the long car lines for Starbucks. Nothing against Starbucks, but I’m more of a Dunkin’ Donuts guy. So when I got home, I found out that Starbucks had closed over 15,000 of it stores in the US starting back on […]
Mayor Lovely Warren will make a budget proposal announcement by May 15 to meet the City of Rochester’s June 1 budget deadline for 2021. Given the economic crisis caused by the SARS-CoV-2 pandemic, Mayor Warren is expected to announce worker layoffs. Although the city normally employs approximately 3,000 workers, an unknown number of “non-essential” workers […]
Hospitals in New York state should soon receive the help that they need to combat SARS-CoV-2. On Wednesday, April 22, Senator Chuck Schumer announced to the public that New York State is to receive $4.3 billion out of a total of $10 billion from the portion of the CARES Act designed to help hospitals in […]
On Friday, April 10, the Internal Revenue Service announced that it had added a new page to its site and a link to a tool for people who didn’t file taxes in 2018 and 2019 so that they can supply their bank deposit information and receive the Economic Impact Payment faster. Those who qualify for […]
On Friday, April 17, Governor Andrew Cuomo and Attorney General Letitia James informed the public that a previous suspension of certain debt collections and associated interest and fees initiated for 30 days starting on March 17 had been extended to May 17 because of the SARS-CoV-2 pandemic. They also explained that another extension is possible […]
The financial impact of COVID-19 has now reached a historic level when it comes to unemployment. Just released numbers have 4.4 million people filing for unemployment insurance this past week. That brings a grand total for the last five weeks to 26.4 million according to the labor department. 16 million people are receiving unemployment right […]
Have you received your Economic Impact Payment yet? If not you will be able to check the status of your stimulus payment this week via the IRS tracker tool Get My Payment. If you filed taxes in 2018 and 2019 then you are all set you will not need to do anything. And the same […]
On Tuesday, April 7, Mayor Lovely Warren announced via a press release that Rochester citizens have another COVID-19 financial resource available to them within the community. The Financial Empowerment Center has developed plans to help members of the community navigate their financial difficulties during this pandemic. Anyone who reaches out to the FEC can receive […]
Earlier today, the Department of Labor announced that its online unemployment insurance application would shut down at 5:00 PM to allow for critical upgrades as part of their comprehensive ‘Tech Surge.’ Every evening, this online system closes from 7:00 PM to 7:30 AM to allow the DOL’s database to process applications. As we are currently migrating to […]
Baby Phat is back. The 1990s and early 2000s clothing line brought streetwear to the runway. The founder of the Baby Phat designer line, Kimora Lee Simmons, notes that this label “has always been designed by and for women.” And now, with Baby Phat’s collaboration with Foot Locker, it brings the first-ever collection for women […]
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