A Quick Look at the Differences of PPP in the HEROES Act vs. HEALS Act

While the House of Representatives passed a 4th coronavirus relief bill last May, the Senate House did not put it up for review before Congress went into an August recess. Instead, the Republican majority passed its own version, calling it the HEALS Act, as opposed to the Heroes Act passed by the House in May.

The first distinguishing aspect about the Republucan’s HEAL Act is that the amount being pushed for by the Senate is only $1 trillion, which cuts down the $2.2. trillion of the original CARES Act. In contrast, the House of Representatives is proposing to increase the stimulus fund to $3 trillion.

Although many of the states in the U.S. opened their economies much earlier than what health experts recommended as safe, the premature opening failed to launch many businesses on the road to recovery. The economy hardly improved as the disregard for safe distancing measures only resulted in the rapid increase of COVID-19 infection cases and deaths in most states.

Many commercial establishments also suffered as a result of the protest movements combined with the looting and burning incidents instigated by agitators. Although millions were able to go back to work, millions also lost their jobs. Most nonessential businesses had to close shop again, especially in regions where on a daily basis, tens of thousands had been testing positive with the coronavirus disease.

Congress is about to put the two proposals up for deliberation and hopefully for finalization next week when sessions reconvene. Yet it appears strong oppositions coming from both sides will slow down the legislation processes. A number of Democrats are not too keen on approving additional funds for the contentious Payroll Protection Program (PPP), since reports have it that large take outs went to companies that did not meet the eligibility criteria.

Currently, more than $100 billion of the PPP funds lay unclaimed. Many small business owners are wary that the present on and off reopening will make it difficult for them to meet the forgiveness feature of the PPP loan.

Differences in PPP Proposed by HEROES Act vs. HEALS Act

Inasmuch as the PPP dole outs have been reported as faulty, and with $100 billion still available, House Democrats are not proposing additional funding for the program. Nonetheless, their Heroes Act recommends the elimination of the 75% payroll requirement as forgiveness criterion, whilst moving the application deadline up to December 31, 2020.

On the other hand, the HEALS Act of the Republicans intends to inject an additional $190 billion to the present PPP fund balance. Moreover, if the HEALS Act PPP passes both Houses, eligibility requirements will be expanded in order to qualify those disqualified under the CARES Act. Although the HEALS Act also proposes the elimination of the 75% payroll expense requirement, it also wants to expand fund usage that will qualify PPP borrowers for forgiveness.

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Which Financial Market is most Suited for You?

Financial market refers to a wide marketplace where trading of securities take place which include FOREX market, bond market, derivatives market and the stock market. Financial market plays a critical role to having a smooth operation of economies, particularly the more developed ones.

A Better View of the Financial Market

As mentioned, financial markets play a significant part in foreseeing the operation of capitalist economies which is done by resources allocation and also, by creating liquidity both for entrepreneurs and businesses. The markets make it easier among sellers and buyers to trade their financial holdings. Financial markets are creating security products that offer returns for those who’ve got excess funds or otherwise known as lenders or investors. These funds are then made available to those who are in need of more money, or simply the borrowers.

Then again, investors compare brokers before they get into financial market. These brokers are the one who will be managing their accounts and responsible to grow their money.

Different Types of Financial Markets

Basically, there are different kinds of financial markets that you may or may inform your broker to get into. We will be discussing some of them in the next lines:

OTC Markets

OTC or Over-the-Counter Market is actually a decentralized market. In other words, it doesn’t have physical locations and all of the trading and other transactions are carried out electronically. Therefore, market participants are expected to trade their securities without the presence of a broker.

OTC markets are handling exchanges of stocks that are traded publicly and typically not listed in major stock exchanges.

Bond Markets

Bond is a kind of security wherein investors loan money for set period of time at pre-established rate of interest.

You might think of bonds as a contract between the borrower and lender containing the specifics of the loan as well as its payments. Bonds are being issued by corporations and municipalities, sovereign governments and states to finance operations and projects.

Money Markets

In most cases, the money market is trading products that are highly liquid short-term maturity and also, characterized by high level of safety and low rate of interest. At wholesale level, the money market does involve big-volume trades between traders and institutions. At retail level on the other hand, it includes mutual funds that are bought by the individual investors.

Individuals may opt to invest in money market by means of buying municipal notes, US Treasury bills, short-term certificate of deposit or CDs and so forth.

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Cryptocurrency Trends That Would Influence Cryptocurrency Transactions

In recent years, the cryptocurrency market has developed and gathered a great deal of attention from existing and potential users. Numerous trends have influenced and prompted the adoption of cryptocurrencies, such as making use of them for quick payments as well as to avoid huge transaction fees from intermediaries, whereas others make investments where they hope the values rise.

Cryptocurrency Trends That Would Influence Crypto Transactions

With the various cryptocurrency trends, even more people are now showing interest in cryptocurrency. As per Cambridge Centre for Alternative Finance, about 3 million individuals actively engage in cryptocurrency trading at any period. At present, the industry of cryptocurrency is going through immense transition, while central banks continue to cast their doubts on its integrity. So, what are the principal cryptocurrency trends expected to happen this 2020? Below are a few:

On Cryptocurrency Regulations

While governments around the globe are now recognizing and acknowledging the enormous potentials and possibilities that cryptocurrencies presents, they have begun to draft regulatory structures for cryptocurrencies. Last, year, in the federal agencies’ part, there have been an increasing recognition, awareness as well as understanding that digital currencies are starting to become a fundamental element of the society rather than just a component of it. With the rising interest of governments around the globe on cryptocurrency as well as the recognition of having safe and secure transactions using cryptocurrency, new frameworks on crypto regulation will most likely be presented in many nations such as the United States and China. The regulations on crytocurrency will considerably vary from nation to nation. Currently, digital currencies aren’t regarded as a legal tender.

On Integration of Artifical Intelligence and the Blockchain Technology

Players in the cryptocurrency industry will make plenty of effort with regard to integrating artificial intelligence as well as machine learning into the blockchain technology which would fuel cryptocurrency transactions. As the blockchain uncovers the higher value of artificial intelligence, AI will all the more make transactions using cryptocurrency much safer and securer. In terms of mining for cryptocurrency, crypto miners will have to undergo numerous computing cycles so as to discover a certain block for a certain coin. Hence, the impacts of machine learning arrangements were indirectly utilized in cryptocurrency mining. Several analysts in the crypto industry anticipate an increase in companies to use and maximize the capabilities of the integration and collaboration of these technologies.

On the Halving Events

Halving is the quantity of coins that crypto miners get for adding to the new transactions into the blockchain that is cut in half. From 12.5 bitcoins, this will decrease to 6.25 bitcoins and will again halve with an interval of 210,000 blocks up until the year 2140 where the very last bitcoin is mined. This is to facilitate an upsurge in cryptocurrency demand. The halving event took place in May of this year.

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Economic Approach to Survive Covid-19 Pandemic

Just in late February of this year, Trump administration stated that it is planning to spend roughly 2.5 billion dollars in an effort to battle Covid-19. And then just over a 45 days later, the president signed off on a spending that is amounting to 1000x more than what is initially planned. How much if you asked – it is only at 2.35 trillion dollars. That amount though does not include the efforts exerted by the Federal Reserve, which are more difficult to measure but may likely past the 4 trillion dollars mark.

All that being said, the US government has spent over 6 trillion dollars to halt economic downturn brought by the outbreak. This move seems to help in calming stock market investors but might not suffice in keeping the economy up on its feet.

If you are going to combine the measures taken by the Fed and the congress and also, account how these two interacted, the national response of America towards Covid-19 represents more than ¼ of its economic output.

Bold Move to Save the Economy

While this makes it quite challenging to get hurtiglån på dagen, the government is doing the best that it could to promote and encourage individuals to push through with their small business ideas. Considering that everything the government studied to get a ballpark figure of GDP, pensions and military wages, record sales, high school sports participation, toll booth returns on local highways, sewage collection receipts, manufactured home shipments and so forth. There are approximately 2500 measurements of it and Covid-19 response may easily buy everything they are representing for more than 90 days.

There are actually three stages of congressional stimulus and they are enumerated in the following:

  1. There is 8.3 billion dollars in response to the Trump’s request of 2.5 billion dollars
  2. 192 billion dollars are intended for act extending the paid leave and lastly,
  3. Around 2.15 trillion dollars for Cares Act

After adjusting the congressional response for how big the US economy is, it has been noted that the big part of congressional stimulus was the 10th largest in the world by proportion.

Fiscal Response

In reality, Federal Reserve is doing everything that they could in propping up the economy than what the Congress is, but then again its contribution is quite difficult to measure. There have been a number of Fed interventions that haven’t stated limit and none of it is government spending in traditional sense.

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Trump Still Aims to Control the CARES Fund

Trump recently removed the Inspector General who was supposed to head the committee tasked to oversee the disbursements of the CARES Act Fund. The creation of an oversight committee was one of the conditions fought hard for by both Democratic and Republican Senators in approving the release of the $2.2 trillion government funds under the guidelines of the Coronavirus Aid, Relief and Economic Security Act or The CARES Act.

 

Yet Trump who had stated beforehand that he intends to be the sole “oversight” in controlling and monitoring the release of the funds, has taken action to circumvent that condition. In a move that is typical of this incumbent U.S. president who has no regard for ethics, Trump removed Glenn Fine as acting Department of Defense Inspector General.

IG Fine gave Congress no reason to worry in leading the Pandemic Response Accountability Committee that was set up in connection with the approval of the CARES law. After all, he has served as Inspector General for the Department of Justice for 11 years, whilst keeping an excellent nonpartisan record in carrying out his duties.

Trump did not fire Glen HInes but merely sent him back to his former position of principal Deputy Inspector General for the Dept. Of Defense (DoD) before he assumed the position of Acting IG for the said department. Had Trump designated another Inspector General to replace Fine as DoD head, Trump’s action might not be a cause for concern.

Instead, Trump designated Jason Abend, a Trump-appointed senior policy adviser at U.S. Customs and Border Protection (CBP), as the new Inspector General of DoD. The move also effectively placed Abend as head of the CARES oversight committee.

How Jason Abend’s Qualifications Compare to Glen Fine

Glen Fine has a long record of serving as Inspector General for the Department of Justice, a position he held during the presidency of Bill Clinton. In 2015, Fines accepted a post to become the Principal Deputy Inspector General of the DoD. In January 2016 and under the Obama Administration, Fine became the acting inspector general for the same department.

Apparently, what Trump did was to demote instead of promote Fine as a full-fledged Inspector General at the Department of Defense.

In contrast, before Jason Abend was appointed by Trump as Senior Policy Advisor of the U.S. CBP, he worked as a special agent of the Inspector General offices at the Department of Housing and Urban Development and at the Federal HOusing Finance Agency.

A special agent is basically a federal law enforcement officer tasked to conduct investigations related to minor criminal or non-criminal cases. A special agent has no authority to investigate major criminal cases, Obviously, Abend’s credentials in becoming the Inspector General of the Department of Defense is not as well-founded as that of Glen Fine’s.

 

After announcing Abend as the new IG for DoD, Trump had given instructions for the CARES Act oversight committee, to first pass on to the White House any information that it intends to forward to Congress.

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House Ethics Committee Orders Republican Rep. McMorris Rodgers to Return $7,500 in Misused Funds

Prior to the close of 2019, the House Ethics Committee concluded its 5-year investigation on how the staffers in Rep, McMorris Rodgers office made improper use of campaign funds and official resources! including staff time, travel funds and congressional office space in carrying out political activities. According the Ethics Committee Report, poor record keeping and “sloppy practices” dating as far back as 2008 had contributed to the improper use of campaign funds.

In light of the findings, the panel chaired by Florida Democratic Rep. Ted Deutch, imposed sanctions on Rep. Cathy McMorris Rodgers, ordering her to pay over $7,500 as reimbursement of the misused government funds, including payments for official consultants using campaign funds, as well as accepting voluntary services for political purposes.

The extensive documents compiled reflected a “concerning pattern” of how the staffers in the office of Representative McMorris Rodgers frequently demonstrated indifference to the laws under the Federal Election Campaign Act (FECA) and the rules and regulations set forth in House Rule XXIII. House Rule XXII of the House Code of Official Conduct,

What the FECA Laws and Rules Describe as Proper Use of Campaign Funds and Resources

The House Rules state that Campaign Funds, which include goods and services procured with campaign funds, are separate from the official resources available to congressional members. House rules govern campaign funds including those allotted for state or local elections. The Federal Election Campaign Act (FECA) on the other hand, governs campaign funds used for election to a federal office.

Primarily, a House Member, Delegate, or Resident Commissioner shall keep campaign funds separate from personal funds; nor in any manner convert campaign funds for personal use even if said amount represents excess of a legitimate and verifiable use for campaign purposes. Basically campaign funds cover only bona fide political or campaign expenditures.

Moreover, there are certain exceptions and limitations that must be observed if ever campaign funds will be used for official House purposes.

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Facebook’s Libra Cryptocurrency Facing Oppositions on All Sides

Facebook’s planned introduction of its Libra cryptocurrency is facing opposition on all sides that an actual launch by year 2020 could be stalled. As it is, U.S. legislators, financial regulators and government officials not only in the U.S. but also in EU countries are wary that a payment processing system running on blockchain technology and operated by Facebook, presents serious concerns and issues.

Lawmakers cannot accept the social media company’s motives at face value, since the Libra business model when combined with the Facebook social site is regarded as much too invasive over users’ private information. In enticing FB denizens to use the Libra cryptocurrency, Facebook will likewise gain access to credit card, bank account and ewallet data as well.

After all, the main problem with Mark Zuckerberg’s social media company is the laxity by which they have been handling data entrusted to them by millions of users. Legislators on both political sides insist that for them to allow the rollout of Libra cryptocurrency and its blockchain platform, Libra operators must do so under strict government oversight and regulations.

House Representative Maxine Waters, who chairs the House Financial Services Committee cited Libra’s potential use as medium for carrying out money laundering transactions and other illegal financial activities. She also demands Mark Zuckerberg’s appearance before her and in her committee hearings. That way, Zuckenberg will provide clear and definite testimonies on how his newly formed subsidiary Calibra, intends to address all issues being raised against the Libra cryptocurrency project.

Although Facebook claims that Libra cryptocurrency operations will run under the governance of the Libra Association, it does not serve as a guarantee that all issues raised against the cryptocurrency project will be effectively addressed. After all, the Libra Association represents about 28 multinationals and non-profit organizations that will contribute $10 million or £8 million dollars each before one becomes an official Libra Associate.

Obviously, they are first and foremost investors whose interest in providing financial backing is to profit from Libra’s future cryptocurrency operations.

Financial Backers of Facebook’s Libra Project Led by PayPal, Showing Signs of Withdrawing Commitment

PayPal has already pulled out from its Libra-partnership commitment, while representatives of credit card companies Mastercard and Visa are set to meet on October 14, to finalize decisions on whether or not they will become official members of the Libra Association. More companies who had signed letters of intent to provide support as a Libra Associate, are reportedly having doubts about finalizing plans to join Facebook’s Libra project.

Apparently, commitments are being shaken by the growing opposition and potential regulatory problems; especially if EU countries like Germany and France will block the Libra digital money should it move forward. Both countries issued a joint statement conveying that

”no private company must claim the right to have monetary power that belongs inherently to the sovereignty of nations.”

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Lawmakers Raised Concerns On Facebook’s New Crypto Project

The blockchain technology and cryptocurrency have shown its potentials and many have yet to discover what it can really do. BitSeven, for instance, is an advanced platform for exchange and trade for Bitcoin, Litecoin, Ethereum, and Ripple. As it has seen the potentials of cryptocurrency, the development of the platform started with a collaborative effort between financial professionals, software developers as well as with traders who are knowledgeable and experienced with crypto exchange and trade.

Aside from BitSeven, there are other companies who have developed crypto exchange and trading platforms, whereas others have created their own crypto coin. Despite these numerous platforms and digital currency, Facebook’s crypto project have caught the attention of the global community as well as of government officials, and have gotten different reactions.

According to Facebook, their project aims to provide users and consumers swift affordable way to do money transfer, particularly people who are unbanked or those without access to services of traditional banking.

An Instantaneous Reaction from Politicians

Before, the U.S. as well as global regulators were slow to retort toward digital currencies like bitcoin. However, with Facebook Libra, concerns were immediately raised.

On the same day that Facebook introduced Libra, Mark Carney, Governor of the Bank of England, stated that it would be subjected to regulations of the highest standards. Some weeks later, Jerome Powell, Federal Reserve Chairman, jump on the bandwagon, citing concerns which includes consumer and data privacy and protection, financial stability, as well as money laundering. Subsequently, Mario Draghi, the European Central Bank President, Steven Mnuchin, the U.S. Treasury Secretary, and Rohit Chopra, the FTC commissioner, have brought out similar qualms.

According to the creator and director Kapronasia, Zennon Kparon, regulators are concerned with a number of fronts, all of which are to the potential of Libra for going mainstream. Compared to bitcoin as well as other digital currencies which attracts a limited subgroup of individuals, Libra has the possibility and capability to reach billions of active users in a fairly brief span of time.

Government to Possibly Lose Control

According to Kapron, governments can possibly lose their capacity to control policies on finance when Libra comes out. Kapron mentioned that currently, the USD has a great deal of power, and since oil is valued at USD, the government of the U.S. has a great deal of power as well. Moreover, they have control on which banks could network with the USD, therefore, according to Kapron, utilizing that scope of influence, U.S. is capable of really controlling and directing the route of worldwide economics as well as the worldwide situation of politics. With Libra coming out, a slip in control may occur.

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Full Grasp of Your Loan Options

When in search for a debt financing option to launch or expand your business, you are quite in luck for there are numerous options that you can turn to. This includes but not limited to:

  • Commercial lenders
  • Banks and;
  • Personal credit cards

The best thing about this is that, you do not have to pinpoint the exact loan type you needed before approaching a lender. It’s for the reason that they are the one who would help you decide what kind of financing is suitable for your needs. On the other hand, you need at least a general idea of the available loans. This is the only way that you can understand what is being offered to you by the lender like (link).

Line of Credit

This loan is useful for those who have small business. Truth is, it a permanent loan arrangement that business owners have with banker. This gives protection to businesses from stalled cash flow and emergency situation.

More often than not, line of credit loan is used for payment of operation costs for business cycle needs, working capital as well as purchasing of inventory. However, they are not designed to buy serious business assets like real estate or major equipment.

Installment Loan

Technically, these loans are paid every month that’s either equivalent to the amount of loan initially applied for or with interest. Installment loans might be written to suit all kinds of business requirements.

You get to receive the amount in full after the contract’s been signed and the interest has been calculated from the approved date to final day of your loan.

Balloon Loan

Despite the fact that this type of loan is written under a different name, this is still identifiable by the amount received after the contract is signed. However, only when the interest has been finally paid off during the life of loan. With balloon payment, the principal is due on final day.

What happens often is, the lender offers loan to which both the principal amount and interest are paid in a single balloon payment. It is because of this why balloon loans are reserved for instances when the business needs to wait for a specific date before they receive payment from client for a product purchase or a service that has been rendered.

Interim Loans

With this loan, bankers are more concerned with who’ll be paying the loan and whether they can bank on that commitment. Interim are designed to make periodic payments to contractors when the mortgage on that building would be used to pay off interim loan.

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Dems Harness Political “Dark Money” to Launch Ad Blitz Amplifying House Majority Agendas

Strategists of the Democratic Party led by Robby Mook, president of the House Majority Political Action Committee (PAC), quietly formed a non-profit organization in March of this year. The main purpose of which is to broadcast actions taken and undertaken by the House Democrats. The new organization called House Majority Forward will serve as an affiliate of the House Majority PAC.

Through publicity launched by way of TV and digital advertisements, House Majority Forward will disseminate to the American public, information about important progressive legislations accomplished by House Democrats; and of how they were held up by the Republican-controlled Senate led by Senate President Mitch McConnell.

According to documents gathered by political news website POLITICO, the new nonprofit group is registered with the state regulators of North Carolina as a 501(c)(4) organization. Its aim is to raise $20 million this year, of which half ($10 million), will be used to run advertising blitz promulgating House Democrat agenda; with particular focus on White House investigations and resolutions put forward by a group of outspoken freshmen.

Inaugural TV and Digital Ad to Rollout on August 08, 2019

The House Majority Forward’s first ad features a female working out in a darkened gym. She pummels a punching bag while a narrator goes through the motion of ticking House Bills embodying resolutions that Include a proposal to

The narrator continues by saying

“The new Democratic majority in the House of Representatives is proving they are up to the challenge.” “But Mitch McConnell has blocked every one of these important bills from getting a vote in the Senate.”

As a 501(c)(4) non-profit organization, this new House Majority Forward group is one of such organizations allowed to receive funds known in the political arena. as “dark money”

Democratic Strategists Decide to Harness “Dark Money”

Although one of the resolutions filed by House Democrats is the move to curtail secret or dark money coming in for political purposes, proponents of the House Majority Forward say they have no issues in using “dark money” to support House legislators proposing to move dark money out of the political arena.

What is Dark Money?

Dark Money is money donated for political spending but without requiring the recipient organization to disclose the name of the donor who contributed the funds. Basically, this applies to 501(c)(4) nonprofit organizations, but not to political nonprofits like the traditional Political Action Committees (PACs) organized by political parties.

However, PACs are also open to receiving “dark money” since they are allowed to receive contributions coming from shell corporations and other political parties that mask their true owners or organizers. That is why House Democrats have introduced a bill proposing ‘dark money’ restrictions.

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Puzzled why You’re Declined with Personal Loans? Have it Overturned!

Have you applied for a Zebra loan or any other kind of personal loan before and unfortunately, been declined? It was never a nice feeling particularly when you badly need money. However, this is inevitable and it does happen. In an effort to help you be in control of this situation, it is essential to understand why you’re denied and what you can do to have higher approval.

One thing that you should know is that, errors in credit reporting are very common and it could significantly impact your score. In return, lowers your ability to get loan approval. Some errors may include outdated information or having same debt listed several times which create a duplicate.

Are all Information Correct?

The incorrect record of amount of credit inquiries listed on file and the adverse notices can bring down your credit score. So, if inaccurate information is the reason why your personal loan is denied, your lender will likely send you adverse notice informing of the probable reasons of the denial of the loan. The accuracy of such information is vital so it is wise to grab a copy of the credit report. Once done, get it amended ASAP if you think that there’s incorrect data.

Despite the fact that personal loans could be a smart move of consolidating existing debts, loan application may still not push through if the overall amount of your debt is too large. Lenders are going to look at how much of your income is going towards the debt or otherwise known as debt to income ratio. They do this in reviewing your application.

Therefore, pay off any balance before filing an application for new loan to help secure an approval.

Proof of a Permanent Job

For a great number of people, the primary source of income is their employment. In relation to this matter, to pay for the loan monthly, it is necessary among lenders to see that you do have stable stream of income. If you have been jumping from one job to the other every couple of months and can’t prove that you have regular income, there is a big chance that you’ll be declined for your loan application.

Keep in mind, these lending institutions are still businesses. Even though they wanted to help you keep up with your life, they have a business to protect, and uses these factors to ensure that you’re not a risk to their personal investment.

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The Proper Way of Selecting Your Mortgage Broker

Regardless of your reason for buying a house, be it an investment or as a residential home, it is going to be a big and important decision to make. There are several factors that have to be taken into consideration. Among which is selecting your mortgage broker. The broker will play an important role in the financials so being able to find someone who has the expertise, wide range of mortgage products as well as solid and strong performance isn’t something that can be taken lightly.

Fortunately, all these boxes are tick by Lainaa Heti. This makes the process a lot easier. However, if you are not feeling confident of taking the shortcut, you can read the next paragraphs instead.

The Beginning of the Process

There are countless of people who are uncertain where they should start searching for a mortgage. This is true if this is their first time buying a house. And even if you’ve bought one before, still your needs have changed. This is enough grounds to search for the best broker given your circumstances.

Let me give you ideas on how you can find the best brokers for your specific requirements.

Tip number 1. Referrals

It will be a good idea to ask your family, friends, peers as well as colleagues for recommendations. You will be surprised how brokers work with their clients by simply talking to someone who has had worked with one before.

Tip number 2. Accreditation

In this regard, check with your state who are the accredited members. Try to find brokers who were able to achieve a bachelor’s degree in law or business from a university.

Tip number 3. Use the Internet

Try finding mortgage brokers online. You can peruse their websites and have ideas of whether they’re fit for you or not. There are mortgage brokers who are also publishing reports and hosting seminars that are relating to their finance and property which can be read for free.

This can be very helpful in determining their experience and expertise.

The moment that you have created a list of mortgage brokers you’re considering, that is the time when you can do an interview to each of them.

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Amazon Credit Builder : Deposit-Backed Credit Card for Members with Poor or Bad Credit Score

Amazon Credit Builder is the newest program of the Amazon Store Card, and is extended to Amazon.com members who do not qualify for a regular Amazon Store Card. This new credit offering is designed to give customers with poor or bad credit scores, a chance to build credit card history that will be tracked by TransUnion CreditView.

Offered by Amazon in collaboration with Synchrony Bank, the Amazon Credit Builder comes with the same amenities as the regular Amazon Store Card, including the five percent (5%) cash back reward on every purchase made at the Amazon Store.

An important aspect to understand is that a credit builder account requires a minimum deposit. Amounts of credit-builder purchases including interests, will be limited to the amount required as deposit upon approval of one’s credit-builder card.

It would be wise to look closely at the features and requirements of the Amazon Credit Builder program to determine if this new credit offering will work well for you.

The Finer Details About the Amazon Credit Builder Card

Amazon’s Credit Builder program is touted as a “no annual fee offering,” but an application is still subject to credit approval by Synchrony Bank. Also, know beforehand that in order to qualify, you have to have an Eligible Amazon Prime Membership,

An approved credit-builder account starts off as an Amazon.com Store Card Credit Builder. After seven (7) months from the date of activation, Synchrony Bank automatically evaluates the Amazon.com Store Card Builder to determine if the card holder qualifies for an upgrade into an Amazon Prime Store Card Credit Builder.

Approval of a credit-builder card into a Prime Store Card Credit Builder depends on the cardholder’s payment and other credit history details, which include:

  • Seven (7) consecutive on-time settlement of credit purchases made using the Amazon.com Store Card Credit Builder account over a period of 12 months.
  • The cardholder’s credit file does not show recent records of bankruptcy declaration, foreclosure or repossession proceedings or delinquency events
  • The cardholder meets a credit score qualified under Synchrony Bank’s underwriting criteria.

After seven (7) months as holder of the upgraded Amazon Prime Store Card Credit Builder, Synchrony will once again evaluate if the cardholder qualifies for another upgrade, based on the same set of criteria. This time, evaluation is geared toward determining if the credit-builder qualifies for upgrade as holder of a regular Amazon.com Store Card.

By the way, in order to mitigate its risks as credit provider, Synchrony charges interest on every purchase made using the credit-builder card. Widely known in the credit industry as Annual Percentage Rate or APR, the Amazon.com Store Card Credit Builder interest rate starts at 28.24% per annum.

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House Democrats Finally Moving Forward with the DREAM and Promise Act

The DREAM and Promise Act, is the latest version of the legislative proposal that seeks to establish guidelines and processes to be observed when granting approval for residency to undocumented immigrants who were minors at the time of their arrival, or entry in the U.S. The bill also merges similar initiatives for the group of illegal immigrants that previously received protection from the 2012 DACA, counting from their age as minor upon arrival in the U.S toward date of enactment as immigration law..

DREAM stands for Development, Relief, and Education for Alien Minors, while DACA stands for Deferred Action for Childhood Arrivals.

Origin and Development of the Proposed DREAM Act

DREAM had its origins in the 2001 DREAM Act introduced in the Senate as a bipartisan proposal initiated by Senator Dick Durbin (Dem-Illinois) and Senator Orrin Hatch (Rep-Utah). The 2001 DREAM Act though failed to pass muster in Congress, despite several re-introductions; therefore  it never received full recognition as immigration law.,

In 2017, Republican Senator Lindsey Graham, sponsored the DREAM Act of 2017, which sought to give recipients of DACA 2012, opportunities for stabilizing their U.S. residency and increase their potential for becoming citizens of the United States

Should the current proposal, entitled as DREAM and Promise Act receive Congressional approval, as many as 2.5 million people will be able to apply for legal status, and have the chance to take a path that could ultimately lead to a US citizenship status.

Understanding the Need to Include DACA Recipients in the DREAM and Promise Act

First off, it must be understood that DACA or Deferred Action for Childhood Arrivals is not a law but merely a program created under the Obama Administration in 2012. The program’s goal was to provide protection to young immigrants aged 16 and below, from potential deportation proceedings, whilst affording them opportunities to enroll in schools, land jobs, and even serve in the military.

In order to enjoy such privileges, undocumented immigrants requesting for DACA protection from the US Citizenship and Immigration Services (USCIS) must meet certain qualifications, particularly pertaining to age eligibility at that time the program was introduced in 2012. However, in 2017, a year after Donald Trump’s assumption of office as president of the United States, Trump ordered the cancellation of former President Obama’s 2012 DACA protection program.

The move however, met several lawsuits including legal challenges filed by several U.S. states. Although the presiding courts ordered the USCIS to grant renewals of existing DACA protection, decisions on the matter is still subject to review since DACA is only a program and not a law.

In the state of Arizona, and even before Donald Trump had made good on his plans to implement certain changes in the country’s immigration policies, the City of Tucson had published and circulated a “Resource Guide for Immigrant Families. The publication, which contained information about local support and legal options available in Tucson, it also gave advise to know one’s rights by seeking assistance from Tucson immigration services.

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The Impact of Politics on Fiscal Policy

The financial structure in a country echos and forms various business and political organizations. Financial markets are always at risk due to changes in the political, social or technological circumstance of a country. In order for a nation to have a balanced financial structure, its governance will need to have risk modeling which means the application of tactics to be able to identify the financial risk. The approaches involve identifying the risks in the market, valuation, historical simulation, or intense value principles in order to assess a financial scenario and predict the deficits.

Politics is regarded as among the operational risks (apart from legal risk) in finance which can be handled by operational risk management. This form of challenges confronts the investors, regulators, and businesses in all areas including trading companies such as pheeva.com. Politics have macro and micro-level risks. The macro-level have identical influences throughout all foreign personalities in a specific area. Consequently, it impacts all players in a country. The micro-level centers on a firm, sector or project-specific issues.

The political environment has a direct effect on the finances of every single business regardless of the size. Politics is a process by which selected individuals make collective resolutions to create public regulations. Politics demonstrate authority by which the government manage and control to obtain internal stability. When the government fails to control and keep stability in social, economic, and political security, this highly affects the financial aspect of the nation resulting in possible inflation.

Political Freedom and Economy

The link between political freedom and the economy is critical. Political freedom is associated with the principles of equal rights, human rights, and civil protections. It offers the nation a chance to start a new that betters people’s well being. Failure in political governance as a result of corruption, unjust economic conditions, and divided decision lead to political revolutions.

  • State authority crisis represented by military pressure, succession crisis or serious corruption. This could indicate the surge of private sectors opposing the ruling government.
  • Considerable divisions between national, military, economic as well as religious groups.
  • An unfavorable economic situation for workers may be a major factor in government failure.
  • Extensive opposition culture uniting various social and political organizations and promotes opposition towards the government

Political revolutions are classified as activities that seek to alter the federal government as well as the political structure which leads to lack of stability in the inner political scenario which has an unfavorable impact on the economy besides the damage of the framework.

Every country has a unique and different socio-economic and political issues. And with this unique structure of each political system, it has to be dealt with differently in accordance with the needs of the people. Severe socio-economic conditions highly affect the financial aspects of all areas in the community. High costs in consumer products, high demand-low supply, decrease in the value of a currency, and more can lead up to serious poverty within the nation.

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College Affordability Proposal : A Likely Topic Up for Debate in DNC’s Presidential Nomination Contest

The Democratic National Committee (DNC) is all set to stage the first of the sanctioned candidate debates, come June and July 2019. One important topic stands out as a common proposal among candidates qualified to participate in the debates: College Affordability.

Mark Huelsman, a prominent think-tank Senior Policy Analyst, believes qualifying candidates for the debate, will likely argue on which college affordability proposal makes the most sense; or if it is even sensible at all.

A nationally recognized expert on college affordability and Asso. Director of Policy and Research at Demos, Huelsman says that during the past years, left-leaning policymakers and economists have been building a consensus that some kind of student-debt cancellation may actually be beneficial for the U.S. economy. Huelman mentioned further that


“You’re going to see some pretty bold proposals on debt relief or debt cancellation from candidates.”

Only one candidate thinks that free college tuition or debt-free college is not viable. Minnesota Democrat Senator Amy Klobuchar said

“I wish — if I were a magic genie and could give that to everyone and we could afford it, I would.”

College Affordability Proposals Backed or Mulled on by Democratic Presidential Candidates

College affordability proposals come in 7 topics: Tuition-Free College, Debt-
Free College, Student Loan Servicer Regulation, For-Profit College Regulation, Student-Loan Refinancing, Debt Relief and College Accountability. Of the 7 proposals, only Tuition-Free College and Debt-Free College have definite plans for whom and on how they will be carried out.

Tuition-Free College

This proposal vows free tuition for all, regardless of financial need; allowing students with low income or coming from low-income households to actually have a chance to participate. Free-college for all intends to include those coming from wealthier families as it may attract political buy-ins that would make the program work.

Bernie Sanders, Vermont’s longest serving Independent Senator, will continue to push the tuition-free education in public colleges that he unveiled previously in the 2016 elections. His proposal includes imposing taxes on institutions involved in investments trading of stocks, bonds and their derivatives, as a way of raising government funds for the program.

Debt-Free College

Although similar to the Tuition-Free College proposal, it has a different context as embodied in the Debt-Free College Act of 2018 introduced by Sen. Brian Schatz (D-Hawaii), along with House Rep. Mark Pocan (D-Wisconsin-2). The proposed bill aims to create a new partnership between federal and state governments, focused on providing funds to the country’s neglected system of public colleges. The goal is to provide students with free and flexible training, without having to worry about steep tuition fees or onerous student loans.

Here, students from working-class families will have priority, and will extend to students coming from public and private Minority Serving Institutions. The Debt-Free College Act will also restore eligibility of non-violent drug offenders.

Current Democratic presidential candidates who co-sponsored this bill include Sen. Elizabeth Warren (MA), Sen. Kirsten Gillibrand (N.Y.), Sen. Kamala Harris (CA) and Sen. Cory Booker (N.J.).

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Transparency In Financing Political Campaigns

The appeal for transparency is not just a trend that will gradually fade over time. Voters around the world demand that politicians publish more of their personal, financial, as well as other important campaign information than ever before. This demand results in the government launching and testing new initiatives to encourage a transparent political agenda as demonstrated in providing access to government data to simple yet easy to use government websites.

Need Money Now fast loans may provide your political career a boost but there are other sources that candidates may consider. The bottom line of it all is that funding is critical at this period of any political career.

Traditionally, the media has been responsible for keeping the government honest with voters. With the surge of social media, blogs and other regulatory organizations, the demand for political transparency had become easier than in the past few decades. Politicians and other public figures is subject to strict public scrutiny in the words they say to the tiniest action they do. This growing demand for political visibility is among the feature that the modern campaign process embodies. Regardless of the political strategy that politicians follow it is still important to adhere by the law in campaign financing to avoid dissolution of campaigns.

Where to start with political transparency? Is it important?

The presidential campaign in 2016 proved that American voters would like to choose candidates that seem to have nothing to conceal. Voters would like transparent politicians who act, discuss and make day-to-day choices that reflect the best interests of their constituents. A single false move from a vying politician will lead voters to rethink about the credibility of a candidate.

The political manager who wins the competition must recognize the value of transparency in the period of campaign. Without having transparency, voters may cast distrust on candidates and even persuade a full investigation of their financial or personal transactions. This may become an inflammatory story of the media that may result in the waste of the advertising campaign. In order to get rid of these rumors, honestly carry out promotional activities from the beginning, focusing on key areas, such as discussing campaign finances and personal affairs in traditional media and through social media platforms.

The Media Being A Government Regulator

As mentioned earlier, the media has traditionally served as a government regulator, regardless of any corruption or embarrassment. The media continuously uncovered corruption, from the Watergate scandal to Bill Clinton’s infidelity. They conveyed to the voters the insider information inherent in the political system. With this in mind, the relationship between your candidate and the media is crucial. Willingness to resolve rumors, make statements and share a variety of Intel can make any political figure less likely to be the target of the media.

The main issue that causes tension between the politicians and the media is the changing readership audience and readership expectations. With the rapid decline of print news and the surge of a sensitive 24/7 news cycle, media organizations must regularly promote compelling stories to attract and retain the attention of their audience.

This is the key to high fixed costs. Long-term survey work requires more resources than small-scale reporting. At the same time, American voters tend to focus more on rapid scandals and complex corruption cases than on candidates’ long-term support for a specific cause, or legal work to boost certain low-key or less-obtrusive community characteristics, such as environmental reforms and proposal for urban housing.

This means that your campaign must carefully craft a plot with the media rather than giving them any reason to incite all aspects of the candidate’s business transactions and even invade their personal life. Should they have any scandals that can be revealed, resolve these scandals rather than making your campaigns look like something had been hidden.

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The Guardian Identifies 3 Foreign Personas Whose LLC Contributed Funds to Trump’s Inauguration

Under US election laws, foreigners are barred from contributing money as aid to finance political campaigns, including inaugurations. Non-resident foreigners in particular, who are found to have knowingly or unwittingly violated such rule will be fined and/or prosecuted. In Trump’s case, the inaugural committee in charge of handling the presidential inauguration, accepted donations from US registered shell companies that had direct connections to foreign nationalities.

In business parlance, a legal entity becomes a shell company if after incorporation and registration it continues to exist only on paper, as it does not engage in any business activity, maintain employees, or set up an office, but may hold a bank account and other types of passive investment.

The Federal Election Commission (FEC) asserts that the use of shell companies poses as problem in determining and ascertaining the legality and transparency of political donations. However, recent developments related to other investigations concerning Donald Trump’s activities as incumbent president of the US, have prompted Attorney Generals in Washington D.C. and in New Jersey, as well as federal prosecutors in New York to demand documents supporting the contributions accepted and spent by Trump’s Inaugural Committee.

The Guardian Follows Paper Trails Leading to the Identification of 3 Foreign Nationals

In verifying the list of donations accepted by the Trump Inaugural Committee via documents submitted to the FEC, the Guardian took note of three (3) indeterminate corporations that handed over $25,000 donation each for Trump’s inaugural ceremonies. In following the paper trail, The Guardian was able obtain documents and information that led to the identity of foreign nationals connected to the shell corporations.

Cyrus Vandrevala, a London-based financier tied to a shell company registered as Sierra Vista LLC in Delaware but with business address in Wayne, Pennsylvania. Born in Mumbai, India, Vandrevala holds an Indian passport obtained from Delhi. He is related by affinity to Niranjan Hiranandani, president of a prominent real estate lobby group in India, and is recognized as one of the country’s wealthiest member of the Indian real estate industry.

Cyrus Vandrevala, a son-in-law of Hiranandani, claims he funds property developments in India, whilst also operating property development firms in the US. The firm claims to have amassed $7 billion in investment funds for building homes in Mumbai and Pune, cities in which Trump Towers are located.

David Sean, an American-Taiwanese businessman also known as Pong Hsiang and creator of Jan Castle LLC, a shell company with only a mailbox address to show, yet able to have made a $25,000 donation to the Trump Inaugural Committee.

Records obtained by The Guardian from various state authorities across the US show that Sean has created several other shell companies somewhere in California, Georgia, Florida, Nevada and Wyoming during the past two decades; using only 10 mailboxes as addresses.

In a telephone interview with Sean’s wife, The Guardian learned that Jan Castle LLC was created for and in behalf of 3 Chinese investors, one of whom was identified through the company’s original filing documents as Jianning. David Sean though, later denied his wife’s interview statement, and refused to discuss the business activities of Jan Castle LLC and the people behind it.

Elon Lebouvich, an Israeli real estate businessman who created a company called New York State Property Management Corporation. It paid a $25,000 contribution to the Trump inaugural fund 3 days before Trump was sworn-in.

The Guardian got hold of information from Brooklyn City records that Lebouvich, currently has an ongoing retail property development project in Crown Heights, worth $5 million. The property being developed is owned by another LLC owned and controlled by the mother of Lebouvich’s legal counsel.

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