During the virtual meeting, IRS Commissioner Charles Rettig and Ken Corbin, Wage and Investment Division Commissioner and Chief Taxpayer Experience Officer at the IRS, stressed the importance of filing via the internet and making sure all information submitted is accurate. That way, they said, taxpayers can avoid delays and seamlessly receive their returns into their bank accounts by direct deposit.
Stocks that traded heavily or had substantial price changes Monday
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.
In June, California launched the nation’s first Task Force to Study and Develop Reparation Proposals for African Americans this year. The nine-member committee was established to meet the requirements of Assembly Bill (AB) 3121, which California Secretary of State Shirley Weber authored and introduced in 2020 when she served in the Legislature. Gov. Newsom signed it into law in September 2020. “This is a debt that is owed, just because it hasn’t been paid doesn’t mean it goes away,” said the newly elected chair of the California reparations task force Kamilah V. Moore. At the task force’s first meeting on June
Three days after Thanksgiving, Gov. Gavin Newsom went online to address the new COVID-19 Omicron variant, a version of the virus with at least 50 mutations, according to the World Health Organization. 26 of those mutations have never been detected before, scientists say. “California is monitoring the new variant,” Newsom tweeted. “We will continue to be guided by data and science. Right now, the best way we know to protect yourself is to get vaccinated and get your booster. Go today. Don’t wait.” The variant was first identified by a South African scientist and has since surfaced in several other Southern
Alphonso “Tucky” Blunt, the owner of a marijuana product store in Oakland called Blunts and Moore, says his business is located in the same zip code where he was arrested for selling weed illegally in 2004. Now that he is legit in the business – he opened his store a little over three years ago– Blunt says it is nearly impossible for Black and other minority-owned cannabis startups like his to make a profit in California. “Where’s the tradeoff? I’ve been in the business for a few years and I’m still in the red. California has one of the highest
Stocks are closing sharply lower on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa.
Homeless at the age of 19, Cassie Betts has a riveting life story. She shares memories about befriending “questionable characters of the night,” with the tech-savvy inner-city youth she trains in her technology academy Made In South L.A. (MISLA), initially launched from the janitor’s closet of a South Central Los Angeles charter school.
California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO).
South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP – the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent.
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.
Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial establishment to ignore.
As the global pandemic continues to take lives and infect multiple generations, virtually every dimension of life is challenged. And people with the fewest financial resources before COVID-19 are being challenged more than ever before.
It is both a challenge and an opportunity for leadership in the Biden Administration, Congress, the Federal Housing Finance Agency, the Department of Housing and Urban Development, along with the private sector address to effect policies and practices that reverse the nation’s still-growing racial wealth gap. Tried and true wealth-building tools like targeted homeownership and expanded small business investments together would bring sustainable and meaningful changes to those who historically have been financially marginalized.
Shortly after the U.S. Senate passed President Joe Biden’s most ambitious pieces of legislation, a $1 trillion bipartisan infrastructure package, Democrats acted again by pushing through an equally enterprising $3.5 trillion budget proposal. The bill would make childcare more accessible, create universal pre-K, expand paid family and medical leave, and make community college free for the first two years.
Researchers found through wages, taxes, capital investments, and support to other industries, the economic impact extends beyond traditional natural gas and oil-producing states.
The Los Angeles County Development Authority announced today it has been awarded a $9.9 million grant that will go toward sound insulation improvements for residents affected by noise from nearby Los Angeles International Airport.