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GrowGeneration CEO: We"re extremely excited about the East coast

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

These Children Are U.S. Citizens. They Need Help, But They Can’t Get the Child Tax Credit

Ivan, just 6 months old, bounces in his baby rocker as a Spanish-language cartoon plays on TV. The living room is small but full, dominated by a tree branch with plastic red blossoms that Ivan’s mother, Sara, made. She asks her 9-year-old daughter, Luz, to leave the room. She’s about to explain something she doesn’t… Ivan, just 6 months old, bounces in his baby rocker as a Spanish-language cartoon plays on TV. The living room is small but full, dominated by a tree branch with plastic red blossoms that Ivan’s mother, Sara, made. She asks her 9-year-old daughter, Luz, to leave the room. She’s about to explain something she doesn’t want her daughter to ever think about again: the event that set off a chain of other events that led to them ending up in southwest Detroit with no money, no way to get around and no identification papers. Without those papers Ivan can’t qualify for any of the assistance the U.S. government provides for its citizens, because they can’t prove he—or they—exist. [time-brightcove not-tgx=”true”] Sara, 27, and her daughter came to the U.S. from the Michoacán region of Mexico, under the asylum program. The father of her daughter, she says, had started selling and using drugs, and one night beat her while their daughter was in the home. They escaped to her relatives’ home, but her husband, concerned that she would report him to the police, monitored her every move. “I just stepped out of the house and he was there,” she says, in Spanish. “So I couldn’t do anything.” Fearing she was endangering her family if she stayed, she fled to the Arizona border, where she was granted provisional asylum, had her passport and all her identification papers taken, was put in an ankle monitoring bracelet and sent to live with a cousin in Chicago. (TIME has agreed to use only the first names of the women in this story, to protect their safety.) In order to get a Mexican passport for her daughter, to complete the asylum requirements, Sara needed a signature from the girl’s father. When she tried to obtain that in 2019, she discovered he had been murdered. She was told by her state-supplied immigration lawyer that with her husband’s demise, she was no longer in danger, and therefore her asylum case was closed and she needed to return to Mexico. Sara says her family warned her, however, that her husband’s brothers had been killed too, along with one of their wives, and his sisters were now seeking asylum. She cut off her ankle bracelet and fled from Chicago to Michigan with a new boyfriend, also Mexican, also in the U.S. without documents. (TIME has confirmed her account with relatives in Mexico.) A year or so afterwards, they had a son. Read More: As Many Americans Get COVID-19 Vaccines and Financial Support, Undocumented Immigrants Keep Falling Through the Cracks For the last three months, millions of U.S. families have gotten a payment of up to $300 for each child in their home from the Internal Revenue Service. There will be one each month until the end of 2021. They are advance tax credits, part of a new program by the Biden Administration touted as the boldest attempt in decades to try to help impoverished families, especially those for whom the pandemic had taken a very harsh toll. Every American citizen child qualifies for this benefit, even those from what is called “mixed status” families—those with some undocumented members. This is a reflection of the twin beliefs that (a) vulnerable children should be helped, no matter their circumstances and (b) that raising children out of grinding poverty is good for the long term economic growth of any country. Children are also the mostly likely age of American to be in poverty. A new Census Bureau report found that 44% of American children experienced at least two consecutive months of poverty between 2013 and 2016, even before the pandemic. Almost immediately after the first payments landed, the US Census Bureau’s monthly Pulse survey detected a drop in “food insufficiency”—the fancy term for people not having enough to eat—and in its measurement of people finding it hard to pay their weekly bills. Instead of 11% of kids going hungry, only 8% were. The improvement was only evident in homes with children, which means that the CTC payments were likely the cause. “There’s been no other social program that has reached this many families this quickly in the history of the country,” says Luke Shaefer, a professor of Social Work and the Director of the Poverty Solutions Center at the University of Michigan, and the co-author, with Kathryn Edin, of the seminal work on American poverty, $2 a Day. In 2018, the two of them, with other scholars, co-authored a paper recommending monthly cash payments, which is seen as one of the bases for the current administration’s program. Because Ivan was born in the U.S., his family qualifies for the credit, money that would help them find their footing, and move out of the unstable financial situation in which they live. But they didn’t get it. They are just one example of an extremely vulnerable household that has not been reached by the new program. The reasons are not novel. An analysis by the Urban Institute in 2019 found that a quarter of people living in poverty do not receive support from any government program. Welfare programs have always suffered from “last mile” issues: a legion of obstructions between the funds available and the families who need them. In many ways, the distribution of the CTC is offering an object lesson in the obstacles America faces when helping its poorest citizens. Cutting child poverty, for some In order to survive, Sara and families like hers live in a kind of nether world of informal economies and networks. Apart from her daughter’s bilingual public school, the household has almost zero contact with any institutions, government or otherwise. It’s necessary for them to be as invisible as possible to the authorities. Ivan’s dad is ferried to and from work with other laborers in a bus. He is paid in cash. They have a car but cannot drive anywhere because they do not have regulation license plates, and cannot afford to be pulled over. Sara’s biggest nightmare is being separated from either of her children; the American one, who is legally allowed to abide in the U.S. whatever happens to his mother, or the Mexican one, who might be separated from her, were Sara to be detained. It’s not like they don’t pay any taxes: many undocumented workers do. Magdalena, who lives in the Bronx, New York, has paid tax at her job in a grocery store for years. She has four children aged from 2 to 15, all born in New York City, after she escaped across the border 17 years ago. Her children need school uniforms and books, but she can’t afford those as well as the rent on her wages now that she is working part-time because her childcare was very limited during the pandemic. She can barely even cover the childcare she has. The CTC would pay her family $1100 a month, but she cannot figure out how to get it. “What we’re doing so far is not perfect,” says Shaefer. “There are people who are being left out.” Because it’s a tax credit, the money is sent to people who have filed taxes, and it has taken a little while for that news to filter out and for people to get their paperwork in order. “The second problem stems from residential complexity and bank account instability that are common among low-income people,” he says. Families who have recently moved to a shelter or started doubling up with other family members, or those whose bank balance went into arrears or were overwhelmed with bank fees might find that the money has been directed to an old address or closed bank account. “That’s something,” says Shaefer, “That is still going to require a lot of work.” Read More: 6 Ways To Use the Child Tax Credit Payments, According to the Experts (Who Are Also Parents) Some critics note that the methods the government is using to distribute funds are long overdue for an update. “It’s just a generation after generation after generation of doing aid through the same large not very nuanced poverty administration systems,” says Tyler Hall, director of communications at GiveDirectly, a non profit that helps donors give simple cash to people in need. Because the administration opted to give the money via the IRS, a large amount of money was sent out widely and very quickly, but not necessarily very accurately. “Prioritizing operational considerations and ease of access stymies a number of the administration’s best ideas,” says Hall. Before the first payment, the government set up a website for folks who had never paid tax so they could still claim the money. But it was loaded with bureaucratic language and not mobile friendly, even though phones are much more widespread in low income communities than computers. As the second payment rolled around, the administration, with the help of Code For America, set up a different website, which is due to go live in “the next few weeks,” according to a statement from the U.S. Department of Treasury. Critics also claim the credits were poorly advertised, utilizing services like Twitter and eschewing old school methods like radio advertisements and mailers, which tend to be where those whose lives are more precarious get their information. And Rosario Alzayadi, a fieldworker with the Detroit agency Starfish, says once she finds these stricken families, it takes a while to build their trust. “When we go to the homes, we kind of see what’s going on,” she says. “But sometimes it takes us a long time to know the family needs.” Many of her clients were unaware they are eligible for reduced-cost internet access, for example, or that even if they’re undocumented, they can still file taxes, and thus become eligible for benefits for their American born children, among others. “Unfortunately,” notes Hall, “the vulnerable will always be the hardest to reach.” Families need more time, experts say Until the pandemic, Sara worked in light construction, but now she stays home. The couple has bought one of Detroit’s many derelict homes, which can cost just a few thousand dollars, and are renovating it themselves. A social worker who is trying to help Sara’s American-born son qualify for the CTC through his father, is gamely dealing with a legion of setbacks. His Mexican passport has expired, the nearest consulate moved from downtown Detroit to Madison Heights, a three hour round trip by public transit. If he can get an appointment (consulates are backed up), and figure out how to travel there (the social worker says she is asking one of her siblings to drive them), get a day off work (his job offers none), and get enough forms of ID to qualify for a passport, it’s possible he can also get a ITIN, a taxpayer number. If he can then wade through enough forms to file a tax return, and get his son’s American birth certificate, Ivan may eventually qualify for some federal help. That’s if the program lasts beyond the end of the year. Read More: Americans Need Recurring Stimulus Checks Until the Pandemic Is Over In some ways Sara is among the lucky ones. He family unit is stable. She dreams of being an interior designer and cabinet maker. Maria, another mother in Michigan with three American-born children under 5, cannot afford those dreams. She and her children’s father do not live together, but he currently pays the rent. Even if all the obstacles to getting the CTC could be overcome, it’s not clear who would get the money. Maria, 26, who first came to the U.S. with her mother to escape the violence of her father, she says, has no work and is reluctant to search for any, because she has no childcare or transport. So she stays home all day, venturing out only occasionally to take the children on the long walk to the nearest grocery store for food, and worries about her elderly mother, who returned to Mexico after her father died and whose health is frail. Despite the program’s shortcomings, Shaefer, the poverty researcher, sees the advanced CTC as a profoundly important development. “I’m just incredibly excited that we have the scaffolding in place, that I think we can continue to improve,” he says. “It’s unprecedented in history that we would have a program that went out to this many families. And the initial evidence is really strong that it’s working in the ways that we think it should be working.” One side benefit Shaefer and other researchers were hoping for is that more families would come out of the shadows, so that they could be reached by social service agencies. The lure of free money is pretty strong, and Sara and other families seem committed to figuring out how to get themselves documented. The IRS is not allowed to share information on the families with other government agencies, whether it’s ICE or Medicaid, but activists hope that the interaction will help them gain some trust in government institutions. Alzayadi, the social worker, says she was inspired to work undocumented families, because as a young mother of four, a home visitor found her, encouraged her to put her situation to rights and showed her the steps she needed to take to get help. In an encouraging sign, a larger number of families applied for and received the August payment than the 35 million who got July payment. One of the unanticipated side effects of the CTC payments might be that it may entice those who have been difficult for social services to reach and the safety net to catch, to finally reach out for some help. —with reporting by Pablo Muñoz-Hernandez.....»»

Category: topSource: timeSep 21st, 2021

S&P Returns to Record Territory, but the NASDAQ Never Left

S&P Returns to Record Territory, but the NASDAQ Never Left SPECIAL ALERT: Remember, we need your input to make next week’s new Zacks Ultimate Strategy Session episode the best it can be. There are two ways you can participate: 1) Zacks Mailbag: In this regular segment, Kevin Matras answers your questions ranging from current market conditions, general investing wisdom, usage of the Zacks Rank or any resources of Zacks.com and more. Pretty much anything goes. 2) Portfolio Makeover: Sheraz Mian and Brian Bolan review a customer portfolio to give feedback for improvement. No need to send us personal information such as dollar value of holdings. Simply email us with all of the tickers you own. Just make sure to email your submissions for either one, or both, by Thursday morning, July 8. Email now to mailbag@zacks.com. The Fed doesn’t appear to be in any great hurry to raise rates despite the epic first half and strong employment reports of late. Therefore, stocks overcame some morning sluggishness to end Wednesday’s session higher and with a couple new records. The consensus of FOMC members would prefer to stay the course for now, according to the minutes from the June meeting released today. The economy has been on a roll for months now, but there’s still a lot of ground to recover before changing policy.   “They are talking about tapering, but the data isn’t clear enough to pull back yet,” said Jeremy Mullin in Counterstrike. “So we likely have until the end of the year until the Fed actually starts lifting its foot off the gas.” The S&P returned to record territory today by climbing 0.34% to 4358.13, which marks its eighth new high in the past nine sessions. The index ended a seven-day winning streak yesterday, but the break didn’t last long. Meanwhile, the NASDAQ inched out a 0.01% increase to 14,665.06, marking a third consecutive record close. The Dow rose 0.30% (or around 105 points) to 34,681.79, but that wasn’t enough to reach new highs. Tech led the way once again just like yesterday. For the most part though, action has been rather quiet in this shortened week so far. Investors are getting ready for the start of earnings season, which unofficially gets underway with some big bank reports early next week. Are you getting excited? It's going to be tough to repeat the strong performances we saw last time. More immediately though, it’s already time for the next jobless claims report. We got a lot of employment news last week… and it was mostly all encouraging (but not too encouraging). The last jobless claims print was 364K, which beat expectations and the previous result. It was also the first result below 400K since early June. Hopefully, this positive trend continues tomorrow... Today's Portfolio Highlights: Home Run Investor: It's time to get back into shape now that things are opening up, which is why Brian believes BellRing Brands (BRBR) will have lots of business moving forward. This Zacks Rank #2 (Buy) makes protein shakes and other ready-to-drink beverages, powders and nutrition bars. The editor likes the “wonderful chart” with a pure 45-degree angle since April. Furthermore, BRBR beat the Zacks Consensus Estimate by 25% in its most recent report and has good margins. Brian wants to get in before Wall Street begins paying attention to the name, which could be right around the corner as earnings season begins. The portfolio still has one open spot after the addition of BRBR. Read the full write-up for a lot more on this addition. Surprise Trader: It’s almost time for another earnings season, so Dave wants to clear out some space for new names. He sold Boot Barn Holdings (BOOT) on Wednesday for a 13.4% return in just under two months, while also getting out of Bed Bath & Beyond (BBBY) with a slight advance in about two weeks. The editor immediately filled one of those spots by adding BlackRock (BLK), the Zacks Rank #2 (Buy) investment management company that’s reporting before the bell on Wednesday, July 14. The company has beaten the Zacks Consensus Estimate for four straight quarters now and has a positive Earnings ESP for the upcoming report. BLK was added today with a 12.5% allocation. The complete commentary has more on all of today’s action. Technology Innovators: The best performer among all ZU portfolios on Wednesday was Smart Global (SGH), which jumped 17.81% in the session. This designer, manufacturer and supplier of electronic subsystems to OEMs recently reported a solid fiscal third quarter, which included an earnings surprise over 26% and revenue growth of 56% year over year. That makes five quarters of positive surprises for SGH, which is now up about 20% in the portfolio since being added two months ago. Counterstrike: With earnings season rapidly approaching, Jeremy wants to raise some cash and dump some losers. He did both on Wednesday. The big winner was Shopify (SHOP), which the editor added back in mid-May after it announced a partnership with Google. But now it’s stuck in a “massive reversal”, so the editor sold SHOP today for a nice 31.3% return in less than two months. He also sold Boyd Gaming (BYD) and Echo Global Logistics (ECHO) for losses to make some room for new buys in the days ahead. Healthcare Innovators: It’s been over a year-and-a-half since Kevin added Edwards Lifesciences (EW)... and he still likes this heart valve replacer. However, the stock now exceeds most analyst price target valuations, so he decided to sell EW on Wednesday for a more than 41% return. It’s a different story though for Global Blood Therapeutics (GBT), which is down double digits since being added in 2018 despite its innovative science. The editor has been patient long enough with this name and finally decided to cut ties today. Read the full write-up for more on these two sells. Marijuana Innovators: As parent company of the popular “Weedmaps” family of consumer services, Dave thinks that WM Technology (MAPS) has many ways to rapidly appreciate moving forward. Therefore, the stock was added to the portfolio on Wednesday. However, the editor warns that this is an extremely speculative play on a company that’s the result of a recent SPAC reverse merger. He suggests you tread very lightly in terms of asset allocation. Dave will lay out all the risks and rewards in today’s commentary, so don’t miss it! TAZR Trader: Shares of C3.ai (AI) have been selling off of late, but Kevin said this slow pullback is on “low volume” and should find support around $58. Therefore, it’s an opportunity to buy more of this enterprise AI software company at a bargain price. The editor originally bought AI about two weeks ago after a solid quarterly performance and because CEO Thomas Siebel knows how to build an innovative tech company. Learn more in the full write-up. By the way, this portfolio had a top performer today as BigCommerce Holdings (BIGC) rose 5%. Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Map of dry gas stations impacted by cyberattack

The Colonial Pipeline system fuels 45 percent of the east coast's gas supply. A recent cyberattack halted the supplier and lead to panic purchases and price spikes......»»

Category: topSource: washpostMay 12th, 2021

US spy planes kept a close eye on China during live-fire military exercises

A US reconnaissance aircraft flew unusually close to a naval base on China's east coast on Tuesday, a Chinese think tank said. An Air .....»»

Category: topSource: businessinsiderApr 22nd, 2021

North Korea Fires Barrage Of Suspected Cruise Missiles In "Major Show Of Force"

North Korea Fires Barrage Of Suspected Cruise Missiles In "Major Show Of Force" On Tuesday North Korea fired multiple suspected cruise missiles from both the ground and air off the country's east coast, .....»»

Category: blogSource: zerohedgeApr 14th, 2020

Raven expands engineered film division operations to east coast of U.S.

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 2nd, 2020

US accuses Russian spy ship of "unsafe" maneuvers off US east coast for sailing with no warning lights, ignoring other ships, and risking a crash

REUTERS/Stringer The US ha.....»»

Category: topSource: businessinsiderDec 17th, 2019

Newly-Listed Port Of Napier Wins Praise From Analysts

Forestry export port, the Port of Napier (NZX: NPH) on the east coast of New Zealand, has disclosed revenues of 99.6 million New Zealand dollars ($62.4 million) and tota 0 read more.....»»

Category: blogSource: benzingaNov 29th, 2019

A former Rugby Australia player said the 6 deaths caused by the country"s wildfires were "God"s judgment" for legalizing same-sex marriage and abortion

Getty Israel Folau says the deaths of six people in wildfires across Australia's east coast are "God's judgment" for the legalization .....»»

Category: topSource: businessinsiderNov 18th, 2019

A former Rugby Australia player said the 6 deaths caused by the country"s wildfires are "God"s judgement" for legalizing same-sex marriage and abortion

Getty Israel Folau says the deaths of six people in wildfires across the Australia's east coast are "God's judgement" for the leg.....»»

Category: topSource: businessinsiderNov 18th, 2019

The US is being hit by a frigid, early cold snap that has killed at least 6 people and could break 100 temperature records

The US is the grip of an unusually early cold snap, which has killed at least six people. The frigid weather spans the Midwest, east coast, and south of the US, wher.....»»

Category: topSource: businessinsiderNov 13th, 2019

Port Report: Resin Exports To Grow With New Charleston Warehouse

Dry bulk transportation company A&R Logistics said it will open its largest east coast export facility near the port of Charleston to tap the strong market for shipping U.S.-produced plastic resins.  read more.....»»

Category: blogSource: benzingaOct 9th, 2019

Hurricane Dorian expected off Georgia coast Wednesday

Gov. Brian Kemp is warning Georgians who live east of Interstate 95 who haven't already evacuated ahead of Hurricane Dorian to do so as soon as possible. Many of the approximately 400,000 residents living in the evacuation zone stayed home on Tuesd.....»»

Category: topSource: bizjournalsSep 4th, 2019

Dorian lashes east coast of Central Florida

The Miami-based weather center says turn toward the north is forecast by Wednesday evening, followed by a turn toward the north-northeast on Thursday morning......»»

Category: topSource: foxnewsSep 4th, 2019

Port Canaveral area businesses, locals ride Hurricane Dorian"s rough seas (PHOTOS)

Labor Day weekend came with some unwanted time off for many coastal businesses as Hurricane Dorian moved closer to Florida's east coast, sending holiday travelers home early. "We're just doing whatever business we can," said Michael Schwarz, genera.....»»

Category: topSource: bizjournalsSep 2nd, 2019

How Hurricane Dorian Could Impact Ocean Shipping

As Hurricane Dorian barrels towards Florida's Atlantic coast and threatens to make landfall as an extremely dangerous Category 4 storm, a number of key consequences loom for ocean shipping. read more.....»»

Category: blogSource: benzingaAug 30th, 2019

Close analysis of Kim Jong Un"s new nuclear missile submarine reveals it"s bound for a suicide mission

KCNA / Business Insider North Korea showed Kim touring a factory building a submarine, which HI Sutton, a submarine analyst, said probably took place on the country's east coast. Kim hasn't been pictured inspecting weapons capable of ca.....»»

Category: topSource: businessinsiderJul 23rd, 2019

FreightWaves NOW: Volumes Coming To The East Coast

Market Expert Henry Byers shows us how maritime traffic is increasing on the east coast. While Market Expert Donny Gilbert talks hot markets for shippers moving refrigerated goods......»»

Category: blogSource: benzingaJul 23rd, 2019

A Bacterial Invasion? East-Coast-ers Face Flesh-Eating Disease Epidemic In 2019

Authored by Michael Snyder via The End of The American Dream blog,  Why are we suddenly seeing so many cases of flesh-eating disease all along the east coast o.....»»

Category: blogSource: zerohedgeJul 16th, 2019

FreightWaves NOW: Coast To Coast Outlook

Where are the opportunities on the west and east coast? Plus, results from our survey of those shifting from AOBRDs to ELDs......»»

Category: blogSource: benzingaJun 28th, 2019