Governor Newsom Announces Golden State Stimulus, a Budget Proposal to Help Low-Income Californians through $600 Rapid Cash Payments, and Calls for Extension of Eviction Moratorium

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Governor Newsom Announces Golden State Stimulus, a Budget Proposal to Help Low-Income Californians through $600 Rapid Cash Payments, and Calls for Extension of Eviction Moratorium

Sacramento, CA… As millions of Californians struggle to make ends meet as a result of the COVID-19 pandemic, Governor Gavin Newsom today announced two immediate action items in his 2021-22 State Budget proposal to help low-income Californians. First, the Golden State Stimulus would provide a $600 rapid cash support directly to roughly four million low-income […]

Governor Newsom to Propose $4.5 Billion for Equitable Recovery for California’s Businesses and Jobs in 2021 Budget

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Governor Newsom to Propose $4.5 Billion for Equitable Recovery for California’s Businesses and Jobs in 2021 Budget

Sacramento, CA… Governor Gavin Newsom today previewed his Equitable Recovery for California’s Businesses and Jobs plan, the business and workforce recovery elements of his 2021-22 State Budget that will help California through the COVID-19 pandemic and advance an equitable, broad-based recovery. Watch the Governor provide a brief overview of his Equitable Recovery for California’s Businesses […]

Presidential Veto Message to the House of Representatives for H.R. 6395

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Presidential Veto Message to the House of Representatives for H.R. 6395

Washington, D.C….To the house the representatives: I am returning, without my approval, H.R. 6395, the National Defense Authorization Act for Fiscal Year 2021 (the “Act”). My Administration recognizes the importance of the Act to our national security. Unfortunately, the Act fails to include critical national security measures, includes provisions that fail to respect our veterans […]

New Economic Stimulus Package for Small Business Passed by Congress

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New Economic Stimulus Package for Small Business Passed by Congress

San Andreas, CA… On December 20, 2020, Congress passed a new Economic Stimulus Package. Here are some important things that businesses need to know; most important, business funding grants will be on a first come first serve basis, and call your bank tomorrow to find out whether they are participating in funding options like the […]

The Markets (As of Market Close November 30, 2020) ~ From Brian J. Tewksbury

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The Markets (As of Market Close November 30, 2020) ~ From Brian J. Tewksbury

Murphys, CA…Despite a downturn on the last day of the month, stocks rebounded impressively in November from a moribund performance in October. Several of the benchmark indexes reached record highs during November as investors shifted slightly from tech stocks to shares influenced by economic cycles.  While the presidential election, COVID-19, and additional fiscal stimulus dominated […]

President-Elect Biden Announces Key Members of Economic Team

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President-Elect Biden Announces Key Members of Economic Team

Washington, DC…Today, President-elect Joe Biden announced key members of his economic team, including Janet Yellen, Secretary of the Treasury; Neera Tanden, Director of the Office of Management and Budget; Wally Adeyemo, Deputy Secretary of the Treasury; Cecilia Rouse, Chair of the Council of Economic Advisers; and Jared Bernstein and Heather Boushey, members of the Council […]

Fire and Camping Restrictions Still in Effect with Record Dry Fuels

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Fire and Camping Restrictions Still in Effect with Record Dry Fuels

Placerville, CA… Although the Eldorado National Forest is set to receive moisture this weekend, fire and camping restrictions are still in effect to prevent an unwanted wildfire. “We’ve been setting records for dry fuel conditions for more than 2 months,” said Forest Supervisor Jeff Marsolais. “Each day, we measure the dryness of the fuels which gives […]

Federal Reserve Stays on Current Fiscal Policy Course

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Federal Reserve Stays on Current Fiscal Policy Course

Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.  The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued […]

Gross Domestic Product, Soars 33% in Third Quarter 2020 Advance Estimate

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Gross Domestic Product, Soars 33% in Third Quarter 2020 Advance Estimate

Suitland, MD…Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent.  The increase in third quarter GDP reflected continued efforts to reopen businesses […]

PayPal Will Enable Cryptocurrency as Funding Source for Digital Commerce

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PayPal Will Enable Cryptocurrency as Funding Source for Digital Commerce

San Jose, CA…The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enA new service from PayPal allows its customers to buy, hold and […]

Retail Sales Have Recovered & Now Running Above Pre Covid-19 2019 Numbers

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Retail Sales Have Recovered & Now Running Above Pre Covid-19 2019 Numbers

Washington, DC…The U.S. Census Bureau announced the following advance estimates of U.S. retail and food services sales for September 2020: Advance estimates of U.S. retail and food services sales for September 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $549.3 billion, an increase of 1.9 percent (± […]

Let Carol at Michalek Insurance Services, CA Lic #0H98718, Plan Today for Your Tomorrow! 209.200.1901 or 209.795.2872

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Let Carol at Michalek Insurance Services, CA Lic #0H98718, Plan Today for Your Tomorrow! 209.200.1901 or 209.795.2872

Arnold, CA…I am passionate about helping my clients protect their families and their assets utilizing various insurance products. Call 209-200-1901 and we can go over your insurance needs or setup an appointment.  We Carry Life, Auto, Home, Renters, Umbrella, Disability, Earthquake. Commercial. Classic Auto. Workers Comp. Dental & Vision, Medicare Supplement.  The driving force behind […]

Let Michalek Insurance Services, Planning Today for Your Tomorrow! 209.200.1901

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Let Michalek Insurance Services, Planning Today for Your Tomorrow! 209.200.1901

Arnold, CA…I am passionate about helping my clients protect their families and their assets utilizing various insurance products. Call 209-200-1901 and we can go over your insurance needs or setup an appointment.  We Carry Life, Auto, Home, Renters, Umbrella, Disability, Earthquake. Commercial. Classic Auto. Workers Comp. Dental & Vision, Medicare Supplement.  The driving force behind […]

Mark Twain Medical Center has a New Manager of Philanthropy

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Mark Twain Medical Center has a New Manager of Philanthropy

San Andreas, CA…Local active Community member selected to fill the role of Hospital fundraising San Andreas- September 25, 2020- Mark Twain Medical Center has announced that after a competitive and thorough search they have successfully hired the new Manager of our Philanthropy Department. Charanjit Singh (CJ) will be responsible for developing and directing all aspects […]

Census Bureau Reports that Household Income Was Highest Ever at $68,703 in 2019.

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Census Bureau Reports that Household Income Was Highest Ever at $68,703 in 2019.

Washington, DC…The U.S. median household income was $68,703 in 2019, 6.8% higher than in 2018, according to U.S. Census Bureau statistics released today. That’s the highest median U.S. household income since they began recording it. But the COVID-19 pandemic affected who responded , potentially biasing the estimate upward. So, was household income last year really […]

Market Month for August, 2020 ~ From Brian J Tewksbury

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Market Month for August, 2020 ~ From Brian J Tewksbury

Murphys, CA…The Markets as of market close August 31, 2020. The positive run for stocks continued in August as the major market indexes regularly reached all-time highs. While investors remained bullish toward equities, it wasn’t always clear why. Although the economy is gradually picking up steam, it has a ways to go to reach its […]

Market Month for July 2020 ~ FromBrian J Tewksbury

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Market Month for July 2020 ~ FromBrian J Tewksbury

Murphys, CA…The Markets as of market close July 31, 2020. Stocks posted gains in July in spite of gloomy news on the economic and pandemic fronts. Investors continued to trust equities despite the gross domestic product falling nearly 33.0% in the second quarter, mixed quarterly corporate earnings results, emerging pandemic hot spots, growing unemployment claims, […]

Gross Domestic Product, 2nd Quarter 2020 Drops 32.9%, U.S. Economy Shrinks By Almost a Third

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Gross Domestic Product, 2nd Quarter 2020 Drops 32.9%, U.S. Economy Shrinks By Almost a Third

Washington, DC…Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update. Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The […]

Cares Act May Offer Welcome Relief to Retirement Account Owners ~ From Brian Tewksbury

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Cares Act May Offer Welcome Relief to Retirement Account Owners ~ From Brian Tewksbury

Murphys, CA…Cares Act May Offer Welcome Relief to Retirement Account Owners Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to […]

Official George Floyd Memorial Fund Sets Records, Now at $13,682,100!

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Official George Floyd Memorial Fund Sets Records, Now at $13,682,100!

Minneapolis, MN….The GoFundMe fundraising account for George Floyd’s family has set fundraising records! When the offline contributions are combined with the online his family has now raised over $14,000,000. Click on the image below to go to the fundraiser. From the GoFundMe profile…”On May 25, 2020, my life shattered as I learned of the tragic […]

Your Local H&Block Office is Providing Help as July 15 Filing Deadline Approaches

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Your Local H&Block Office is Providing Help as July 15 Filing Deadline Approaches

Angels Camp, Valley Springs, Ione & Jackson, CA….Your Local H&Block Office is Open Ready to Serve!  In the past few months, we’ve changed the way we work. We’ve changed the way we live – shopping for groceries online, staying six feet apart in checkout lines, and helping kids with homeschooling. We’ve changed the way we […]

2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

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2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

Washington, DC…Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and […]

Weekly Jobless Claims Drop to 1,877,000. Still High But Dropping Steadily

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Weekly Jobless Claims Drop to 1,877,000. Still High But Dropping Steadily

Washington, DC…COVID-19 Impact The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the […]

Market Month for May 2020 from Brian J. Tewksbury

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Market Month for May 2020 from Brian J. Tewksbury

Murphys, CA…The Markets (as of market close May 29, 2020) May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew more confident in stocks, driving values higher. However, investor optimism was kept in check by sobering economic reports and […]

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