Pandemic has modified individuals’s view of cash, what they do with it

How the COVID-19 crisis is affecting how we think about cash. Some say it made a big impact. Sarah Buynovsky of Newswatch 16 has the story.

WYOMING COUNTY, Pennsylvania – Recent results show that this pandemic has changed the way people see money and what they do with it, especially college students and graduates.

“They tell us that they are very into personal finance management. They’re interested in funding, about 20 percent are actually investing, ”said Rod Griffin, Experian public education expert.

Financial experts said they seem more concerned than ever about saving and making their money work for them, which is a big change since the health crisis began.

“Eighty-one percent told us they were concerned about the job prospects and finances related to the pandemic,” added Griffin.

Financial experts are saying more than ever that people are turning to technology to make their money work for them, for example with various apps.

They said this pandemic taught people that anything could happen to the economy and the job market.

“You think about things that many of us have never done.”

Financial experts added another good sign: This generation seems to be particularly preoccupied with debt: specifically credit card and student loan debt, and how best to avoid and manage them.

‘All people Counts Different Folks’s Cash’

Feinberg’s challenge: to determine the value of the lives lost on September 11th. Here family members show photos of loved ones who died at Ground Zero.
Photo by Mario Tama / Getty Images

In the new Netflix Film Worth, the main character Ken Feinberg, played by Michael Keaton, leads the fight for fair compensation for the victims of September 11th and their families. The real Kenneth Feinberg, the first “Special Master” of the federal government’s 9/11 Victims Compensation Fund, has an even more dramatic story to tell – of his efforts to value lost lives and convince loved ones of those who died to do so Taking money, as well as the lingering effects of the tragedy on his own life.

Feinberg, 75, a lawyer specializing in mediation and dispute resolution, oversaw the VCF for 33 months after the attacks, personally reviewing claims and determining the level of compensation, and helping shape the fund’s administrative structure. He worked entirely on a volunteer basis, hearing nearly 1,000 cases in person, and working hand in hand with the bereaved to settle their claims.

Feinberg spoke to Newsweek senior reporter David Brennan about the effort he describes as an “unqualified success” – albeit not without controversy. Below you will find excerpts from their conversation, which have been processed for reasons of space and clarity.

Q: Was the first iteration of the 9/11 Victim Compensation Fund a success?

The 9/11 Victim Compensation Fund – the original fund – was, I believe, an unconditional success. 97 percent of all families that have a loved one on airplanes, in the World Trade Center or in the Pentagon, volunteered, got paid, and signed a waiver promising not to go to court against the airlines or anyone else in the United States.

In dollars and cents, in statistics, in relation to the achievement of the desired goal congress, I think the fund was an unqualified success.

I don’t think you’ll ever see a fund like the 9/11 fund in America again. It was a one-off program designed to respond to an unprecedented American tragedy, a unique response to a uniquely American disaster.

Q. How do you rate the efforts over the years to expand and expand the Fund to include people with 9/11 related diseases, both first responders and civilians?

The fact that the fund has been extended over the long term is evidence of elementary fairness. If you compensated the 9/11 victims in 2001-2003 and there are still first responders showing physical injuries in 2021 – cancer and other diseases that did not occur in 2001 – then I can understand why the fund is extending it was to grant first aiders compensation for health services. So it’s really a tag-along program.

But compensation for victims of the 9/11 attacks is not a precedent. And in the past 20 years, there hasn’t been another 9/11 fund for another tragedy – the BP Deepwater Horizon oil rig explosion, Hurricane Katrina, which killed over 1,000 Louisiana residents in the floods. There was no 9/11 fund. There was no 9/11 fund following the terrorist attacks in the Boston Marathon bombings or the terrorist attacks at the Pulse nightclub in Orlando, Florida. It was not even thought of creating such a fund.

So I feel it appropriate to pause on the 20th anniversary to review the history and success of the 9/11 Fund while recognizing that in some ways it is a very un-American program. And a divergence in some ways, and I think the program is unlikely to be replicated.

Q: Why wasn’t a 9/11 Fund replicated for these other tragic events that struck many Americans?

Bad things happen to good people in America every day.

The 9/11 Fund, Right Public Order, Right At This Time, contradicts the political science of the American system. The American political philosophy of equal redress weighs against the idea that there should be special public – not private – taxpayer compensation for specific victims only. Everyone else is taking care of themselves. Get your lawyer, go to court with a judge and jury.

So I think this is a unique experiment that probably cannot be repeated.


Kenneth Feinberg, the first special master of the 9/11 Victims Compensation Fund
Tom Williams / CQ Call / Getty

Q: Did you expect that the drawdown of the original fund would be this high and that this first iteration of the VCF would be so successful?

I was not sure. The program was financially generous. Individual plaintiffs were paid as if they had gone to court and succeeded in a trial. We wanted to avoid such complaints. And we wanted to encourage all of these people to volunteer to get compensation much faster, with fewer delays and less inefficiency [than if they had gone to trial].

And it worked. Within 60 days of completing an application, people were paid millions of dollars; no lawyers, no trials, no judges and juries, no jury, no uncertainty about the verdict. Instead, they went into the program, filed an application, and were compensated with public money. It was very unique.

Q: Why did some families decline VCF compensation?

94 families who lost relatives to the terrorist attacks on September 11th decided to go to trial. You didn’t litigate to get more money.

You gave two reasons.

First: They believed their dead family member would want them to have a lawsuit to find out what really happened on September 11th who was sleeping at the counter of the government bureaucracy. I said to these lawyers and their clients, “This is ridiculous. You will not find out in a lawsuit. There will be privileges.” [invoked], Government delays. If you want answers, there is a special commission investigating the attacks. There is senate and house committees. This is where you will get answers, not in the adversarial environment of the courtroom.

Second, they said, our late family member would want to make airlines safer by filing a lawsuit to deter negligence. I said the airlines are already put off. Lawsuit won’t make airlines any safer.

They all settled their lawsuits about five years later. There has never been a trial for negligence or responsibility for the attacks in the United States. There was never an apology from the United States government for admitting wrongdoing in the events prior to the 9/11 attacks. To date there has never been an apology.

Q: How many people were denied their claims?

Around 7,300 applications were submitted to the fund. We paid about 5,300. The reason nearly all of the 2,000 were turned down is because they filed a lawsuit alleging mental harm, not physical harm. The law expressly forbade compensation for purely mental anguish, pain and suffering.

I didn’t have any problems with that because Congress couldn’t have been clearer. Second, you open the floodgates: “Mr. Feinberg, I live in Omaha, Nebraska CNN, and saw the planes hit. I can’t get out of bed. “

The moment you start compensating mental claims, you need all kinds of delays, written medical records, psychiatric records slowing down the program. [It] would have been a big challenge that I didn’t have to face.

Q: There have been some disputes from families who thought they should have been awarded more. Are you satisfied with the way these were handled?

I wouldn’t say happy. It had to be ensured, as Senator Ted Kennedy warned me, that 10 percent of applicants did not get 90 percent of the taxpayers’ money. Because of this, the law allowed me, at my discretion, to lower the highest honors and increase the lower honors.

The average payout in the 9/11 fund for one death was approximately $ 2 million, with the median being $ 1.6 million. I’ve tried to narrow the difference between the stockbroker or the banker versus the waiter or the firefighter. And I have largely succeeded.

Now the people at the top have filed a lawsuit. They sued me, saying I had no authority to arbitrarily cut their prices. The federal courts have reviewed the law and confirmed my discretion in compensating and adjusting death claim calculations. And it worked pretty well.

Q: Do you regret the way the process was handled?

Given the legal mandate that Congress has established, I am satisfied. If Congress had asked whether the Statute should be worded differently, I would have said yes.

I would have said if you want to help applicants, you should start cherishing life right away. Give the same amount of money to each family who has lost a loved one. The moment you legally require that each applicant receive a different amount of money, you will be promoting the very division among applicants that you want to avoid.

“Mr. Feinberg, you gave me $ 3 million tax free. But wait a minute, you gave my neighbor $ 4 million. What do you have against my dead wife? has declined in value by $ 1 million compared to my neighbor. “

I’m trying to explain, “Mr. Jones, that’s because your late neighbor made more money than your wife. That’s why, just as the American legal system takes it into account.”

Well, that didn’t get me anywhere. Nobody wanted to hear that, it’s a technical-legal explanation. I got to know a fascinating aspect of human nature. People who complained to me didn’t complain because their compensation was too low, they very rarely did. They complained because the neighbor’s compensation was higher.

Everyone counts other people’s money. I learned that.

And at a very emotional time as the full effects of the 9/11 attacks were gradually becoming known, people were very emotional and very, very vulnerable. It made a huge difference.

Q: How heavy has the responsibility burdened you?

When you compute a dollar grant for 5,300 dead and injured victims and invite any victim who asks to attend a conference privately and you listen to family member after family member, injured victim after injured victim explain the horror of what they went through … if you can get three hours of sleep, consider yourself lucky. It was all exhausting just trying to get through the day.

I never remembered these experiences. Not a day goes by – it doesn’t have to be an anniversary – that you remember some of the horror stories at some point while working on a case. You try to carry on as best you can.

These stimulus verify scams are stealing folks’s cash • BGR

There is one very unfortunate and annoying thing that has gone hand in hand with the federal government Distribution of incentive payments in the past few weeks and months. There is an abundance of stimulus-check scams that can seperate unsuspecting victims from their money if they are not careful.

The IRS sent a warning about certain scams to watch out for after this has basically exploded lately. “Although taxpayers received multiple rounds of Economic Impact Payments, we saw an increase in phishing fraud cases this summer,” said Jim Lee, director of the IRS Criminal Investigation. “The number of reported fraud attempts has reached a level we haven’t seen in more than a decade.”

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IRS warning of stimulus check fraud

Criminals are constantly changing their tactics, warns the IRS. Here are just a few of the schemes to watch out for:

  • Text messages stating that a taxpayer is entitled to an incentive payment. And that they have to click a link to complete the information needed to claim it.
  • Phishing emails claiming that the IRS calculated a taxpayer’s “tax activity” which shows they are entitled to a certain amount of economic effect payment.

The IRS says that is one of the best ways to protect yourself from it shameful activity like this understand how the agency communicates with taxpayers. On the one hand, it does not send unsolicited SMS or e-mails. So if you get one of these, that’s a huge red flag.

The IRS also does not threaten people with jail or trial. It also doesn’t require tax payments on gift cards or via cryptocurrency.

Other things to look out for

Other warnings that may indicate fraud: See if you can spot any bugs. Such as grammatical, capitalization and spelling errors in emails and texts, which according to the IRS “serve as indicators of fraud”. Also, don’t click on shortened URLs that can lead to rogue websites.

The IRS says that “Taxpayers who receive unsolicited email or attempts on social media to gather information that appears to be from either the IRS or an organization closely related to the IRS should forward the message to phishing@irs.gov . Taxpayers are encouraged not to engage potential fraudsters online or over the phone. “

Meanwhile, taxpayers who think they are the victim of a stimulus check scam? You can report fraud or theft to the tax administration finance inspector. Reports can be made online at TIPS.TIGTA.GOV. “If you suspect that you may have been a victim of identity theft as a result of fraud, visit them Taxpayers’ Guide to Identity Theft Website to find out what steps to take. “

For more information on COVID-19 fraud and other financial programs, please visit IRS.gov. And for official IRS information on COVID-19 and Economic Impact Payments, visit the Coronavirus tax relief page.

How is the Leisure Business Serving to to Spark Individuals’s Curiosity in House Journey?

What used to be a science fiction topic is now a reality. Humanity is expanding its boundaries and venturing into space more often than ever before. There are currently numerous exciting missions with the Arrival of the Perseverance Rover on Mars a milestone in the history of NASA.

There will be innumerable missions over the next fifty years, all of which will surpass the previous one. Because of this, the need to spark people’s interest in space has never been greater. One of the best ways to do this is through the entertainment industry.

Place on television

Space has been pretty well represented on television in recent years. Netflix in particular was keen to create a range of offerings that focused on interplanetary matters.

One of the most notable high-budget series is Space Force, a sitcom directed by Steve Carrell and Greg Daniels. It first aired in 2020 and has had ten episodes so far.

It has an all-star cast with Carrel and John Malkovich, and this was enough to make sure it was renewed for a second season. In terms of critical success, the feedback was mixed.

The blockbuster style special effects were appreciated But most of the reviews said it wasn’t funny. Hopefully Space Force can take off in year two.

Lost in Space is another new Netflix title that had a warmer response. This reinterpretation of the 1965 series of the same name was first discontinued in 2018, and has had two seasons so far. It has been extended for a third and final installment, which will air in 2021.

This is probably one of the best ways to spark people’s desire for space exploration, as the series is an adventure into the vastness of the universe. It helps to remind the viewer of the vast expanse that exists outside the Earth’s atmosphere.

Place in gaming

Space has been an extremely popular topic for game developers since the beginning of gaming. Some of the classic arcade machines that emerged in the 1980s focused on space exploration, with Space Invaders being one of the most popular options. There have been a few games lately that have helped spark people’s interest in interplanetary travel.

The slots genre is arguably the best place to find a wealth of space-themed content. Space Bucks, Adventures in Orbit, and Star Slots are three of the free ones Online casino games recommended by VegasSlotsOnline.

In addition to other genres, there are numerous other options to choose from in Sci-Fi. Once players find a game they like, they simply need to click the link to be taken to a site where they can play it. Online slots offer endless opportunities to get excited about space. Avid gamers can also view details of popular providers and mobile gaming information.

No Man’s Sky is another game that recently helped players understand the sheer size of the universe.

Hello Games’ adventure offering is one of the most ambitious titles ever created as it allows players to visit an almost unlimited number of planets. This is because it uses a procedural generation system that can create 18 trillion possibilities. The game continues to update to keep players busy.

For cell phones, recent space-themed games to appeal to a wide audience include Star Traders: Frontier, Galaxy On Fire 2, and NOVA Legacy. It is clear that the games industry is doing a lot to help people get interested in space.

Space in the film

There have been a large number of iconic films in space, and the exploration of the earth continues to be a frequent source of inspiration for filmmakers. Some of the greatest space deals of all time include the Alien franchise, launched by Ridley Scott in 1979, and Stanley Kubrick’s 2001: A Space Odyssey (1968).

Some notable current titles set in the outer reaches of the solar system are Alfonso Cuaron’s Gravity in 2013 and Christopher Nolan’s Interstellar in 2014.

Both films managed to give viewers a sense of isolation and wonder that can be found in the vastness of space. Now that humanity is approaching Mars, it can be assumed that more films about this phenomenon will be released soon.

It is fair to say that the entertainment industry is doing a lot to stimulate public interest in space travel. Space themes have been ubiquitous in games, television, and film for several decades and will continue to be a popular draw for viewers.

From serving to individuals get monetary savings to saving individuals’s dwell

It’s one of those stories that people talk about long after they end. Not because it’s tragic. Exactly the opposite. But it’s the kind of story that doesn’t usually end well.

A 13-year-old girl, possibly lured by an older man, was missing from school.

The details of how this story happily ended sound like an episode from Forensic Files.

More notably, thanks to the body camera that Volusia County Deputy MP Royce James wore, we can see the whole thing unfold. It shows the moment when James saved the frightened teenager from almost certain doom.

It’s the kind of story that could have ended if the teen’s family either planned a funeral or started a search group and prayed for them to come home. None of these things happened because James likes to solve puzzles.

Anchors Ginger Gadsden and Matt Austin are joined by James on Florida’s Fourth Estate this week, who said he was doing his job right now.

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However, once you learn the specifics of how this all turned out, you will understand why he is now being called a hero, not just by the teen he rescued and their family, but by those of us who are find her amazed at his perseverance and stubborn determination.

We should add, James doesn’t consider himself a hero, but we have eyes and we saw what he did.

James says he was just starting his overtime shift on the south end of Volusia County when he learned that grandparents had reported their teenage granddaughter missing.

It’s time for James to go.

He said, “I learned that she went to school that morning and was supposed to go to a basketball game afterwards. When they picked her up from the basketball game, they learned that she was going to school but never made it to the basketball game. “

After finding out that this wasn’t normal behavior for the teenager, he started doing what can only be described as good old-fashioned policing.

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It started with the girl’s best friend.

Jackpot.

James said he found out from the girlfriend that the girl was going to meet a man and stay in a hotel. He also learned the guy might be from Orlando and his name started with a T, possibly Tyler.

The girl’s friend gave James further information, which he followed up. She told James that her friend likely went to the nearby Dollar General Store to be picked up by the mysterious man. James was then with the Dollar General, looking at security footage.

“Immediately after finishing school, I see you enter the Dollar General,” said James.

Then he says she takes out her cell phone and calls.

James said the girl had been at the Dollar General for about 45 minutes and told the clerk she was waiting for a ride.

A short time later, James said the teenager seemed to recognize someone outside the store and was leaving.

It got tricky here. The shop has no surveillance cameras outside.

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Dead end right? No

James then did a Google search of all the hotels in the area and visited them one by one.

It’s now hours after the first call and James said he was concerned because the front desk clerks now probably aren’t the ones who would have seen the 13 year old check in.

No problem. James began going through each of the hotel’s daily check-ins one at a time.

He explained, “I will assume that I am looking for at least one person who is at least 18 years old if that person is of driving age and can rent a hotel.” He added, “My gut feeling is that I am a younger man search.” He said the guy wouldn’t be over 30.

James looks at the daily check-ins in the first two hotels. He said he saw many families but nothing that matched what he was looking for.

Things changed when he arrived at his third location.

He immediately noticed something. It was a copy of a driver’s license.

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“… Your license was printed vertically, which means you are 21 years of age or younger,” he explained.

It turns out that the vertically printed license belonged to a Tyler with an Orlando address.

James said he was excited when these pieces came together.

He knocked on the hotel door and pretended to be from reception. A shirtless young man opened the door. James said he immediately stuck his foot in so the guy wouldn’t slam him.

At this point on the body camera footage, you can see in the shirtless young man’s eyes. He knows his reckoning moment has come, but James still had to find the teenager.

James sternly tells the shirtless man to sit down, then calls out for the girl who has fallen into his arms from the bedroom.

He said for a split second that he freaked out because the room was relatively dark and someone was walking straight towards him.

“When I recognized her in the photos it was an overwhelming sigh of relief and again her body language told me that she was desperate in a situation way above her head and had no idea what to do,” said James. “Here, too, I’m a total stranger. When a 12- or 13-year-old sprints to a total stranger, he urgently needs help.”

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James is a father himself and had to think of his own daughters.

With the girl out of the way, James turns his attention back to the shirtless man who is still sitting on the couch with an expression of shock, disbelief and fear on his face.

The extent of James’ anger can be felt when he asks the man his age. The guy finally replies that he is 22 years old.

James lets Tyler Thompson know that he is in a world of trouble.

It’s such a remarkable story, but James said he was just doing his job. Did we just mention that he had to pass on the letter T and maybe an Orlando address?

James has been in law enforcement for eight and a half years. However, when you listen to him put all of the clues together, you feel like this guy had a different life before solving crimes.

So we asked him what he was doing in law enforcement before his years.

There was a brief pause from James, a smile, a laugh, and then the revelation.

“I was actually a financial advisor,” he said. “I specialize in investing. I’ve helped people with stocks, bonds, 401,000, IREs, mutual funds, and taxes. I’ve been doing that for almost 10 years. “

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James said law enforcement was something he’s always been interested in, but being a financial advisor was such a good career that he said it didn’t make sense to make the switch.

Eventually he got the monotony of the job and he decided to take the plunge into law enforcement.

He admitted the transition was difficult at first but says he knows he made the right decision.

“I like the fact that law enforcement is constantly evolving and my job is different every day. I could sit somewhere and do nothing and all hell breaks loose for two seconds. I love that law enforcement fact. It always makes me guess, ”James explained.

He says he has no intention of becoming a financial advisor again.

Thank God. We need him in this uniform to get criminal results in the community and to ensure that any little girl or boy who goes missing is reunited with his family.

If you’d like to learn more from James about what it was like to find the missing 13 year old girl, check out this week’s edition of Florida’s Fourth Estate by clicking the link below.

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Florida’s Fourth Booth covers everything from boggy politics to a fragile environment and even the crazy headlines that make Florida the craziest state in the union.

Ginger Gadsden and Matt Austin Leverage decades of journalist experience to analyze the headlines that affect Florida. Every week they have an innkeeper who helps disrespect the problems affecting the Sunshine State. Big influencers like attorney John Morgan, renowned Florida journalists and the scientists who protect Florida’s ecosystem are frequent guests.

Check for new episodes every Friday on iTunes, Stitcher, or anywhere you listen to your favorite podcasts.

Listen to the full episode of Florida’s fourth booth on iTunes here or further Richer here.

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