U.S. Budget Deficit Hit $3.1 Trillion Amid Virus Spending Surge

A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.

#federal-budget-us, #federal-taxes-us, #finances, #mnuchin-steven-t, #stimulus-economic, #unemployment, #united-states-economy, #us-dollar-currency

0

What a $300,000 College Might Cost a $200,000 Family

More need-based financial aid is available for the affluent than you might expect.

#college-board, #colleges-and-universities, #finances, #financial-aid-education, #personal-finances, #rice-university, #tuition

0

Baltimore Museum to Sell 3 Blue-Chip Paintings to Advance Equity

As museum staffs demand social justice in the office, an institution sells off prime works to answer the call. Is this the right way to do it?

#art, #assn-of-art-museum-directors, #auctions, #baltimore-md, #baltimore-museum-of-art, #bedford-christopher, #black-people, #budgets-and-budgeting, #coronavirus-2019-ncov, #finances, #marden-brice, #museums, #sirmans-franklin, #sothebys, #still-clyfford, #walker-darren-1959, #warhol-andy

0

Coronavirus Relief Fund Raises Nearly $20 Million for Artists

Creative professionals can receive $5,000 grants through the end of the year, thanks to additional funding by the Mellon Foundation and others.

#academy-of-american-poets, #alexander-elizabeth-1962, #art, #artadia, #artist-relief-fund, #coronavirus-2019-ncov, #creative-capital-foundation, #dancing, #finances, #foundation-for-contemporary-arts, #hardly-strictly-bluegrass, #map-fund, #mellon-foundation, #music, #national-youngarts-foundation, #philanthropy, #quarantine-life-and-culture, #theater, #united-states-artists

0

Many Hospitals Charge More Than Twice What Medicare Pays for the Same Care

The gap between rates set for private insurers and employers vs. those by the federal government stirs the debate over a government-run health plan.

#finances, #health-insurance-and-managed-care, #hospitals, #medicare, #patient-protection-and-affordable-care-act-2010, #prices-fares-fees-and-rates, #rand-corp, #regulation-and-deregulation-of-industry, #research, #united-states-politics-and-government, #your-feed-healthcare

0

Brooklyn Museum to Sell 12 Works as Pandemic Changes the Rules

Museums selling their art has long been frowned upon, but recent financial pressures have sent works to the auction block at Christie’s. The proceeds would pay for the care of the collection.

#art, #assn-of-art-museum-directors, #auctions, #brooklyn-nyc, #brooklyn-museum, #christies, #corot-jean-baptiste-camille, #courbet-gustave, #finances, #museums, #pasternak-anne, #quarantine-life-and-culture, #storr-robert

0

Pandemic Has Cut Modern and Contemporary Gallery Sales 36%, Report Says

The survey, by Art Basel and UBS, analyzes the effect of the coronavirus on the world’s art dealers. Sales are down, but the wealthy are still buying.

#art, #art-basel-festival, #art-basel-hong-kong, #coronavirus-2019-ncov, #e-commerce, #finances, #frieze-art-fair, #layoffs-and-job-reductions, #mcandrew-clare, #shutdowns-institutional, #switzerland, #ubs-group-a-g

0

Is Taxing the Rich the Answer to N.Y.’s Budget Deficit?

Democrats searching for a revenue source to spare needy New Yorkers from pandemic-caused cuts have an unexpected opponent: The governor.

#biaggi-alessandra, #coronavirus-2019-ncov, #cuomo-andrew-m, #finances, #income-inequality, #letters, #new-york-city, #stewart-cousins-andrea, #taxation

0

Less Music, More Trash: Cities and States Line Up Billions in Cuts

With lawmakers in Washington at odds over sending more aid, local officials are slashing funding for everything from orchestra subsidies to composting to education.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #democratic-party, #federal-aid-us, #finances, #local-government, #mcconnell-mitch, #moodys-investors-service-inc, #republican-party, #states-us, #trump-donald-j, #united-states-politics-and-government

0

A Rare Economic Bright Spot in the U.S. Health System: The Vet’s Office

Usually during an economic downturn, people tend to spend less on health care for pets. This time, the opposite is happening.

#cats, #coronavirus-2019-ncov, #dogs, #finances, #pets, #quarantine-life-and-culture, #recession-and-depression, #veterinary-medicine

0

Major U.S. Health Insurers Report Big Profits, Benefiting From the Pandemic

Consumers are probably entitled to millions of dollars in rebates under Obamacare rules that cap companies’ profits.

#aetna-inc, #anthem-inc, #blue-cross-and-blue-shield-assn, #cigna-corporation, #company-reports, #coronavirus-2019-ncov, #customer-relations, #cvs-caremark-corporation, #finances, #health-and-human-services-department, #health-insurance-and-managed-care, #hospitals, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2020, #rebates-and-refunds, #stocks-and-bonds, #united-states-politics-and-government, #unitedhealth-group-inc, #your-feed-healthcare

0

The Metropolitan Museum of Art Lays Off Dozens More Workers

The Metropolitan Museum of Art told its staff that it was laying off 79 employees and announced 181 furloughs and 93 voluntary retirements.

#art, #coronavirus-2019-ncov, #finances, #hollein-max, #layoffs-and-job-reductions, #metropolitan-museum-of-art, #museum-of-fine-arts-boston, #museums, #philadelphia-museum-of-art, #wages-and-salaries, #weiss-dan-1977

0

Where a Little Mortgage Goes a Long Way

Affordable homes can be hard to buy because lenders don’t make much money on small loans. But programs to encourage homeownership can help buyers build wealth.

#affordable-housing, #banking-and-financial-institutions, #black-people, #finances, #hispanic-americans, #louisville-ky, #mortgages, #race-and-ethnicity, #real-estate-and-housing-residential, #urban-institute

0

Why Hunger Can Grow Even When Poverty Doesn’t

The two issues are linked, but during the coronavirus pandemic the relationship is not always simple.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #finances, #food, #food-banks-and-pantries, #food-insecurity, #food-stamps, #illegal-immigration, #immigration-and-emigration, #income, #poverty, #recession-and-depression, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

0

Covid Pandemic and Recession Hurt Nonprofits as Need Surges

Even as the economic crisis creates new demand for their services, organizations with millions of workers are resorting to layoffs as revenues dry up.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #finances, #layoffs-and-job-reductions, #nonprofit-organizations, #philanthropy, #shutdowns-institutional, #united-states-economy, #young-mens-christian-assn-ymca

0

London’s West End Comes Out of Lockdown. For an Afternoon.

On Thursday, 640 theatergoers attended the first West End performance since March. But some producers say further shows are unlikely until social distancing ends.

#andrew-lloyd-webber, #beverley-knight, #coronavirus-reopenings, #finances, #london-england, #palladium-theater, #politics-and-government, #quarantine-life-and-culture, #society-of-london-theater, #theater

0

Patient, Can You Spare a Dime?

Hospitals are increasingly soliciting donations from patients, and the patients don’t much like it, a new survey finds.

#bribery-and-kickbacks, #doctors, #ethics-and-official-misconduct, #finances, #high-net-worth-individuals, #hospitals, #jagsi-reshma, #johns-hopkins-university, #journal-of-the-american-medical-assn, #philanthropy, #united-states, #university-of-michigan

0

With Tourists Gone, St. Patrick’s Cathedral Pleads for Help

The Manhattan landmark is struggling to pay its bills while the pandemic keeps visitors and Midtown workers away.

#churches-buildings, #coronavirus-2019-ncov, #coronavirus-reopenings, #fifth-avenue-manhattan-ny, #finances, #income, #shutdowns-institutional

0

The Fate of Trump’s Financial Records

In a stunning defeat for the president, the Supreme Court ruled against his claims that he was immune to an examination of his finances.

#federal-taxes-us, #finances, #house-of-representatives, #personal-finances, #property-taxes, #supreme-court-us, #trump-donald-j, #united-states-politics-and-government

0

Museum of the City of New York: Reduced but Reopening

After layoffs, furloughs and salary cuts, the museum prepares to reopen with a reduced budget and will present an exhibition about the pandemic.

#coronavirus-reopenings, #finances, #layoffs-and-job-reductions, #museum-of-the-city-of-new-york, #museums, #new-york-historical-society, #whitney-donhauser

0

She Survived the Coronavirus. Then She Got a $400,000 Medical Bill.

Patients who were treated for the virus are largely supposed to be exempt from receiving large bills.

#coronavirus-2019-ncov, #federal-aid-us, #finances, #health-insurance-and-managed-care, #janet-mendez, #mount-sinai-medical-center, #new-york-city

0

You Now Get Almost Nothing for Your Money, but It Could Be Worse

In this crisis, money is priceless, yet banks and money market funds will pay you close to zero in interest for years. That’s if everything turns out well.

#asset-allocation-personal-finances, #banking-and-financial-institutions, #blackrock-inc, #crane-peter-g, #credit-and-debt, #federal-deposit-insurance-corp, #federal-reserve-system, #fidelity-investments, #finances, #interest-rates, #money-market-accounts, #mutual-funds, #nonprofit-organizations, #pensions-and-retirement-plans, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #subprime-mortgage-crisis, #t-rowe-price-group-inc, #vanguard-group-inc

0

The Metropolitan Opera Cancels All Fall Performances

Many artists have not been paid since March at the company, which hopes to return on New Year’s Eve after its longest interruption in over a century.

#coronavirus-2019-ncov, #finances, #gelb-peter, #layoffs-and-job-reductions, #metropolitan-opera, #music, #opera, #shutdowns-institutional, #unemployment

0

Putin Speaks, Officials Shrug, and Doctors Are Caught in the Middle

A botched effort to reward people keeping the coronavirus in check leaves doctors and nurses who demand their due facing scrutiny.

#coronavirus-2019-ncov, #doctors, #finances, #politics-and-government, #putin-vladimir-v, #russia

0

Could the Coronavirus Bring Europe Back Together?

After three months of chaos and deaths caused by the pandemic, the continent, led by Germany and France, is giving convergence another try.

#berlin-germany, #china, #coronavirus-2019-ncov, #europe, #european-central-bank, #european-commission, #european-union, #finances, #france, #germany, #great-britain, #greece, #italy, #lagarde-christine, #le-monde, #merkel-angela, #paris-france, #politics-and-government, #propaganda, #quarantines, #unemployment, #united-states, #wages-and-salaries

0

Former U.S. Nazi Hunter Seeks I.R.S. Sanctions Against Whitney Museum

Neal Sher, a former federal prosecutor, filed a complaint saying the museum had mishandled protests that led to the resignation of a trustee.

#decolonize-this-place, #demonstrations-protests-and-riots, #finances, #kanders-warren-beatty, #museums, #new-york-city, #whitney-biennial, #whitney-museum-of-american-art

0

Disney Closes ‘Frozen’ on Broadway, Citing Coronavirus Pandemic

The show is the first Broadway musical felled by the coronavirus.

#aladdin-play, #broadway-league, #coronavirus-2019-ncov, #disney-walt-theatrical-productions, #finances, #frozen-play, #new-amsterdam-theater, #st-james-theater, #the-lion-king-play, #theater, #thomas-schumacher

0

Race, Loyalty and Transparency in an Artist’s Lawsuit

Did a gallery that helped black artists in the 1980s also take advantage of them? Howardena Pindell is seeking the return of almost two dozen works. Other artists say the gallery skipped payments.

#art, #black-people, #bowling-frank, #clark-ed-artist, #finances, #mayhew-richard-1924, #nnamdi-george, #nnamdi-jumaane, #pindell-howardena, #suits-and-litigation-civil

0

In Seoul, the Art World Gets Back to Business

Art galleries remain shuttered around the world but in South Korea, they reopen — with contact tracing and masks. Welcome to the post-Covid-19 world.

#art, #childish-billy, #collectors-and-collections, #coronavirus-2019-ncov, #finances, #lehmann-maupin-gallery, #lehmann-rachel, #quarantines, #seoul-south-korea

0

Houston’s ‘Horrifying’ Double Crisis: Oil Crash and Virus Shutdown

Houston has been reeling from oil-market chaos on top of a coronavirus shutdown. Job losses could reach 300,000.

#coronavirus-2019-ncov, #finances, #houston-tex, #layoffs-and-job-reductions, #oil-petroleum-and-gasoline, #recession-and-depression, #unemployment, #western-states-petroleum-assn

0

A Museum Devoted to Survivors Now Faces its Own Fight to Live

Like other small, endangered arts organizations, the Tenement Museum in Manhattan has drastically cut its budget as it tries to weather the pandemic.

#coronavirus-2019-ncov, #culture-arts, #finances, #immigration-and-emigration, #lower-east-side-tenement-museum, #museums

0

Are We Really Facing the Coronavirus Together?

The pandemic has helpfully scrambled how we value everyone’s economic and social roles.

#colleges-and-universities, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #executive-compensation, #finances, #harvard-university, #income-inequality, #philosophy, #politics-and-government, #poverty, #united-states-politics-and-government

0

How Gig Workers Are Weathering the Virus Shutdown

Meet a few of the millions of people in New York — a day laborer, production assistant and catering business owner — who have seen their freelance and events-based work dry up.

#coronavirus-2019-ncov, #finances, #freelancers-union, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #layoffs-and-job-reductions, #new-york-city

0

Fear of Rejection Is Costing You Money

And what to do if you want to see long-term financial gains.

#budgets-and-budgeting, #finances, #labor-and-jobs, #wages-and-salaries

0