Author: CapitalGainsFund

Apr 18

Market Snapshot: Coronavirus creates a market of ‘haves and have-nots,’ with the Dow posting its best 2-week run in 82 years amid 22 million job losses

“It was the best of times, it was the worst of times…it was the spring of hope, it was the winter of despair,” to borrow from the opening lines of Charles Dickens’s “A Tale of Two Cities.” In this case, the epoch of coronavirus that has infected some 2.2 million people globally has essentially created […]
Apr 17

Tax Guy: ‘My dad claimed me as a dependent on his 2018 return. I haven’t filed my 2019 return. Can I still claim $1,200? Answers to your stimulus check questions (Part 2)

Read Part 1 of this column here. The feds are using our beloved Internal Revenue Service to distribute so-called Economic Impact Payments (EIPs) to many Americans, also known as “stimulus checks.” Singles can receive up to $1,200, married couples can receive up to $2,400. Minor kids under the age of 17 are worth up to […]
Apr 17

Tax Guy: ‘My son got a $1,200 stimulus payment he wasn’t entitled to. Is there any way to take back my 2019 IRS return?’ Answers to your stimulus check questions (Part 1)

Read Part 2 of this column here. The government is using the Internal Revenue Service to distribute so-called Economic Impact Payments (EIPs) to many Americans, also known as “stimulus checks.” Singles can receive up to $1,200, married couples can receive up to $2,400. Your under-age-17 kids are worth up to another $500 each. However, EIPs […]
Apr 17

Medill News Service: Treasury says it will act with ‘urgency’ on humanitarian requests involving sanctioned countries during coronavirus pandemic

The head of the Office of Foreign Assets Control said Friday she wants to ensure that economic sanctions against foreign countries do not impede U.S. humanitarian relief for the COVID-19 pandemic, but the former director of the agency said the business community wants it to go further. The Treasury Department arm on Thursday issued guidance […]
Apr 17

Sunlight destroys virus quickly, new govt. tests find, but experts say pandemic could last through summer

Preliminary results from government lab experiments show that the coronavirus does not survive long in high temperatures and high humidity, and is quickly destroyed by sunlight, providing evidence from controlled tests of what scientists believed — but had not yet proved — to be true. A briefing on the preliminary results, marked for official use […]
Apr 17

Biden Stumbles Through Televised Interview on Coronavirus Response: ‘You know, There’s — During World War II, You Know, Where Roosevelt Came Up With A Thing’

Joe Biden on Friday stumbled through an interview on his proposed response to the coronavirus pandemic. Following a long and disjointed introduction, Biden appeared to suggest policy proposals similar to those Franklin D. Roosevelt employed to coordinate manufacturing for the war effort in the 1940’s. BIDEN: “Um, you know, there’s a, uh, during World War […]
Apr 17

In Trump-Cuomo spat on coronavirus, the gloves come off

As New York Gov. Andrew Cuomo was giving his daily press briefing on the state’s coronavirus response Friday, President Trump was apparently listening and didn’t like what he heard. ”Governor Cuomo should spend more time ‘doing’ and less time ‘complaining,’” Trump tweeted midway through the press conference, which was being carried live on cable news networks. “Get […]