|
The Chicago Board of Education voted to slightly increase its property tax levy, to yield up to an additional $25 million for district schools.
|
|
While CFOs focus on external growth threats, a more insidious drain often operates undetected within their own finance departments.
|
|
Artificial intelligence could produce faster gains in worker productivity, altering the U.S. labor market and the Federal Reserve's economic outlook.
|
|
Topic: RobocarsTags: forbes
It's the top debate in self-driving, is Waymo way or ahead, or is Tesla way ahead? Find out why people think these two opposites, and learn about how to answer
Read more at Forbes.com in The Deep Story On The Waymo Vs Tesla Robotaxi Battle, With Video
|
|
Topic: RobocarsTags: forbesGM has killed Cruise's robotaxi project. In this article, I muse about some consequences, including why Tesla should buy it, what it means for global competition and what role the DMV played in the death of Cruise and what it should think about that. Link to the article in the comments.
Read my Forbes site story at Tesla should buy Cruise
|
|
After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
|
|
