By Amita Sharma | PUBLISHED: January 21, 2019 at 6:00 am | UPDATED: January 21, 2019 at 6:04 am Crooning in the shower is not Chad Regeczi’s thing. That’s why when he learned last year his monthly rent would go up $300 so the new owners of his La Mesa apartment in San Diego County could upgrade his bathroom with a sound system, he was bemused. “300 bucks!” he said. “I mean an iPod costs less than that. Everybody has got a phone now. Who needs a Bluetooth speaker in a bathroom apartment? It’s just weird.” Regeczi, a VA employee, said the 30 percent rent increase didn’t match the condition of his apartment. But he felt powerless to challenge his landlords on the hike. “Who’s gonna tell them no?” he asked. “There are no rules to how much your rent can go up.” That may change. Talk is underway about putting a law on the books that would bar California landlords from raising rent beyond a certain percentage. … [Read more...] about Could anti-price gouging laws slow rising rents in California?
By CALmatters PUBLISHED: January 21, 2019 at 6:00 am | UPDATED: January 21, 2019 at 6:00 am By Felicia Mello | CALmatters Emelyn Jerónimo is only 12 years old, but she already has $3,000 saved towards college. Socked away by her mother in chunks of $100 or less since Jerónimo was in kindergarten, the money may not seem like much, but it’s helped fuel the San Francisco sixth-grader’s dreams of becoming a pediatrician. Jerónimo’s nest egg is part of a first-of-its-kind program that automatically sets up college savings accounts for every kindergartner in San Francisco’s public schools, each seeded with $50 from the city treasury. And if Gov. Gavin Newsom gets his way, the model could soon roll out to other cities across California. Newsom launched Kindergarten to College as mayor of San Francisco in 2010, and last week proposed spending $50 million on similar pilot projects around the state as part of what he’s calling a … [Read more...] about San Francisco gives kindergartners free money for college. Could it work statewide?
All tax filers will have to file the new Form 1040 this year. The new form results from a campaign promise by then-candidate Donald Trump to simplify tax rules so that a postcard-size form would be all an average taxpayer would need. The new 1040 comes close. It has been redesigned to be a half-page document with just 23 lines. That's down from two pages and 79 lines. Also, all filers will use the same form, the new 1040. No longer will you have to decide to use the 1040A (known as the "short form") or 1040EZ -- they've been discontinued. If your only income is from a job and is reported on a W-2 and you have no other deductions or credits to claim, this new 1040 is all you'll need to complete. Six new schedulesBut if your situation is more complicated -- because, for example, you claim certain deductions, credits or owe additional taxes -- you'll also need to complete one or more of the six schedules that are new for 2018. Here's a rundown of the new schedules, which are designated by … [Read more...] about The new, streamlined IRS Form 1040: What you need to know
The government wins the initial case after filing suit 0SHARES Share Tweet Email Recommended Stories Rap superstar Cardi B blasts Trump, calls America a hellholeThe Bronx-born artist denounced POTUS' callback of furloughed federal employeesThousands' more children separated from parents at US border in 2017-18Total number of children separated under the zero-tolerance policy' remains unknownA month into US govt shutdown, the economy blinks firstAmericans have less confidence in the economy's strength in 2019 as survey numbers drop … [Read more...] about In Texas, one family fights to keep Trump wall off property
As some of the Democratic Party's heavyweight contenders start announcing their intention to run for president, there remains a chance that President Donald Trump will square off with a fellow billionaire come 2020.But does anyone on the left want a candidate from the private sector as their nominee at a time when some in the party are running hard against big business, corporate greed and Wall Street?Entering the cycle, three billionaires appeared poised to seek the presidency: Former New York City Mayor Michael Bloomberg (Forbes estimated his wealth at over $46 billion); Starbucks founder Howard Schultz (Forbes pegged his riches at $3.3 billion); and ex-hedge fund chieftain and impeachment activist Tom Steyer (Forbes ball-parked him at $1.6 billion), who has since removed his name from contention.Trump is worth $3.1 billion, according to Forbes.Early polls showed none of the three would start from a position of power. A December straw poll from the liberal advocacy group MoveOn found … [Read more...] about Battle of the billionaires: Will Trump face a super-rich challenger in 2020?