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Monday’s new stimulus check proposal: How much money could you receive?

cash funds running out of money change dollars wallet empty

Could a second stimulus check bring more relief money than the first? Less? The same amount?

Sarah Tew/CNET

We’re just two days away from learning every detail about the Senate Republicans’ plan for the next economic rescue package, which is expected to be announced on Monday. Likely to be called CARES 2, the proposed legislation will include a second stimulus check — but how much money will be in it is still up for debate.

The Senate’s proposal might use the stimulus check guidelines that the CARES Act enacted in March, which means that eligible individuals could receive up to $1,200 and up to $3,400 for a family of four ($500 for dependents under 17). But there’s no guarantee that this is what will happen, because the Senate still needs to debate the details with Democrats in the House of Representatives after the plan is presented — and it’s

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In a win for consumers, a court ruling affirms the legality of short-term health insurance plans

This month, when a federal court dealt a victory to sick patients, it pointed the way toward a potential armistice in the war over the Affordable Care Act.

That war is ongoing. The Trump administration is asking the Supreme Court to strike down the entire law. ACA supporters are howling. Yet the challenge lacks merit and is unlikely to succeed.

At the same time, however, ACA supporters, who usually howl about private insurance companies eliminating coverage for the sick, are asking the federal government to mandate that certain insurers do so.

First, a little background.

The ACA dramatically increased health insurance premiums in the “individual” market, where consumers purchase coverage directly from insurers. Yet Congress deliberately chose not to apply the ACA’s regulations to “short-term, limited duration insurance,” which can therefore offer lower premiums. As ACA premiums rose, many consumers flocked to STLDI plans.

One such consumer was 61-year-old Arizona

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Analysis finds 5.5M have lost health insurance amid pandemic

Nearly 5.5 million people who lost their jobs between February and May of this year also lost their health insurance, according to a new analysis released Tuesday. 

The analysis from Families USA, a consumer health care advocacy organization, finds that the COVID-19 pandemic and the resulting economic crisis have caused the greatest health insurance losses in American history. 

Nearly half of the coverage losses occurred in five states: California, Texas, Florida, New York and North Carolina. 

“Families in America are losing comprehensive health insurance in record numbers,” the authors of the analysis wrote. “This creates particularly serious dangers during a grave public health crisis and deep economic downturn.”

Coverage losses are likely steep because about half of Americans get health coverage through their jobs. 

However, the 5.4 million people who are estimated to have also lost their health insurance doesn’t count family members who might also have been on those

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Court backs Trump expansion of cheap health insurance plans

WASHINGTON (AP) — A divided federal appeals court on Friday upheld the Trump administration’s expansion of cheaper short-term health insurance plans, derided by critics as “junk insurance,” as an alternative to the Affordable Care Act’s costlier comprehensive insurance.

The U.S. Court of Appeals for the District of Columbia Circuit said in a 2-1 decision that the administration had the legal authority to increase the duration of the health plans from three to 12 months, with the option of renewing them for 36 months. The plans do not have to cover people with preexisting conditions or provide basic benefits like prescription drugs.

President Donald Trump, who wants to get rid of the entire health care law but failed to repeal it in Congress, has praised the plans as “much less expensive health care at a much lower price.”

House Speaker Nancy Pelosi said the decision would allow the administration to “keep

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Why I would never choose whole life insurance over term life

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

A few weeks ago, I was talking to a friend about her finances when she told me she had a life insurance policy. I was stumped. My friend is single, doesn’t have kids, and doesn’t own a home. If she died, no one would be impacted financially.

It turns out my friend’s parents had bought her a whole life policy when she was born, and she recently took over the payments. She was paying hundreds of dollars a year for a policy she didn’t need.

Life insurance is a complicated topic, and many people avoid buying a policy or don’t think they need one. On the other hand, it’s easy

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September 4th Options Now Available For Discover Financial Services

Investors in Discover Financial Services (Symbol: DFS) saw new options begin trading today, for the September 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DFS options chain for the new September 4th contracts and identified one put and one call contract of particular interest.

The put contract at the $49.00 strike price has a current bid of $1.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $49.00, but will also collect the premium, putting the cost basis of the shares at $47.35 (before broker commissions). To an investor already interested in purchasing shares of DFS, that could represent an attractive alternative to paying $51.13/share today.

Because the $49.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also

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Discover Financial Services Declares Its Next Dividend Ahead of Earnings Release

Discover Financial Services (NYSE:DFS) stock was on the rise Wednesday in the brief period between its latest dividend declaration and the release of its second-quarter results. Discover’s board of directors has declared a quarterly payout of $0.44 per share of the company’s common stock, which yields just under 3.5% at the current share price. This is to be handed out on Sept. 3 to shareholders of record as of Aug. 20.

That amount matches each of the last four distributions. Since mid-2013, the dividend has risen steadily, from $0.20 per share to the present level.

Man putting a card reading DIVIDENDS into his suit breast pocket.

Image source: Getty Images.

Discover is unique among its peers. Although it has a large payment card operation and is therefore part of the group that includes mighty Visa, Mastercard, and American Express, it also has a sizable online bank. 

That isn’t necessarily a comfortable blend at the moment, since banks are

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The American College of Financial Services Annual National Conference of African American Financial Professionals Goes Virtual

The nation’s premier conference for Black financial professionals will take place virtually in a one-day event

King of Prussia, July 24, 2020 (GLOBE NEWSWIRE) — The American College of Financial Services, the nation’s largest accredited, non-profit educational institution devoted to financial services, will host the Annual Conference of African American Financial Professionals (CAAFP) on August 4, 2020 in a five-hour virtual event.

Now, more than ever, is a time for collaboration and discussion. If we can’t be together physically, we can gather as a community in this virtual space. Created as an educational and experimental experience, the CAAFP is now the largest gathering of its kind within financial services with a mission to advance and foster professional relationships and development among African Americans working in the profession. Even though African Americans make up about 13% of the U.S. population, they account for only 8% of financial advisors, according to studies

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How to Turn Your Skills and Experience into a Business

Here are steps you should consider if you’re thinking about starting your own business.

Decide on a direction

Think about what you do well, and don’t let uncertainty affect your perception of your value, says business writer Elaine Pofeldt, author of The Million-Dollar, One-Person Business. And if your goal is to get out of your current line of work and start something new, acknowledge that, too, she suggests. The skills you’ve accumulated over your career can usually transfer to another line of work. Small-business owners are typically confident in their abilities. Indeed, a 2019 survey by lending platform Kabbage found that 82 percent of successful ones did not doubt they had the right qualifications and experience to run a company.

In some cases you may want to go in a completely different direction for your next act. That’s what Faith McKinney, now 54, did in 2010. She was a janitor

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Covid-19 Offers The Opportunity For Business Schools To Think Creatively

Business schools are going to be even more critical in shaping our agenda and recovery in the aftermath of Covid-19, assuming they can respond with agility to the astonishing breadth of challenges economies are now facing. The leadership skills needed to navigate countries and global companies out of the wreckage of Covid-19 over the next decade will not magically appear. In reality, the leadership education agenda needs an overhaul. Earlier in 2020 pre-pandemic the

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