Archives for June 2020
Ponzi scheme king Bernie Madoff denied compassionate prison release by federal judge
Bernard L. Madoff leaves US Federal Court January 14, 2009. Timothy A. Clary | Getty Images A federal judge Thursday denied notorious Ponzi scheme fraudster Bernie Madoff compassionate release from a 150-year prison sentence despite Madoff’s argument that he is dying from kidney disease. Judge Denny Chin’s ruling rejecting the release request noted that Madoff […]
Understanding the filing relief for ‘time-sensitive acts’ in Notice 2020-23
In response to the COVID-19 outbreak, Treasury and the IRS initially provided individuals and businesses limited filing and payment relief in Notices 2020-17 and 2020-18. This relief generally applied only to federal income tax returns and payments (including self-employment tax payments) due April 15, 2020, for 2019 tax years and to estimated income tax payments […]
Carlyle-backed ZoomInfo’s shares soar 90% in U.S. market debut
(Reuters) – Shares of ZoomInfo Technologies Inc almost doubled in their U.S. market debut on Thursday, after the business intelligence platform raised about $934.5 million in the largest U.S. technology listing so far this year. The deal is the latest in a string of U.S. IPOs this week and underscores the recent rebound in the […]
Private equity gets a big win with U.S. nod to tap 401(k) plans
The Trump administration paved the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts. The Labor Department issued guidance Wednesday effectively allowing 401(k) plans to invest in buyout firms. The agency said the move will bolster investment options […]
How to renew Health Insurance Policy Online? – Important Tips
Renew Health Insurance – Buying a Health Insurance policy and renewing it every year is extremely important. If you don’t renew your health insurance policy you are likely to suffer a lot. Your policy will be expired and you will not able to file any claim. Moreover, you will lose other benefits such as no claim […]
Life Lessons: Rock star to resistors to robotics
A love of guitars led Tom Canning indirectly to the Internet of Things and his role as head of IoT and Devices at Canonical. Here, he tells IoT Now how his imagination was fired up lately by an enhanced computer vision use case, he shares about his worst boss, and the importance of listening to […]
“We are overreacting because if it looks like you’re overreacting, you’re probably doing the right thing”
“We are overreacting because if it looks like you’re overreacting, you’re probably doing the right thing.” That’s National Institute of Allergy and Infectious Diseases Director Anthony Fauci on Sunday, March 15th. He is, of course, speaking about the health crisis, but I think there is an investment and business corollary to this that is important […]
ETtech Top 5: Amazon eyes Airtel stake, Google defends takedown of apps, edtech hirings & more
Happy Thursday! India’s private telecom operators are seeing a new dawn, years after the entry of Reliance Jio prompted consolidation in the industry. Jeff Bezos-led tech giant Amazon is in early-stage talks to buy a stake worth at least $2 billion in Bhart Airtel, Reuters reported. This follows the $5.7-billion investment by Facebook in Jio […]
Commercial vs Household Bankruptcies in May 2020
One way in which the current recession looks nothing like the last one is that businesses have been a lot more affected financially than households. This is due to the extraordinary stimulus and rescue packages that came out of the government to a) keep people employed b) offer increased unemployment benefits c) announce forbearance initiatives […]