Personal Business – Game Towne http://gametowne.com/ Thu, 24 Nov 2022 14:31:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://gametowne.com/wp-content/uploads/2021/06/icon-6-150x150.png Personal Business – Game Towne http://gametowne.com/ 32 32 Unfinished business: Dillian Whyte says he is far from finished as a heavy force https://gametowne.com/unfinished-business-dillian-whyte-says-he-is-far-from-finished-as-a-heavy-force/ Thu, 24 Nov 2022 13:43:44 +0000 https://gametowne.com/unfinished-business-dillian-whyte-says-he-is-far-from-finished-as-a-heavy-force/ DILLIAN WHYTE has never ducked a question in a professional career that is now entering its second decade. But the 35-year-old remained wary when asked where in London he had put the finishing touches on his preparation for Saturday’s comeback fight against Jermaine Franklin. “The gym is called Nun Ovyer,” he said with a perfectly […]]]>

DILLIAN WHYTE has never ducked a question in a professional career that is now entering its second decade.

But the 35-year-old remained wary when asked where in London he had put the finishing touches on his preparation for Saturday’s comeback fight against Jermaine Franklin.

“The gym is called Nun Ovyer,” he said with a perfectly straight face. “Case of the Nun Ovyer.”

Whyte, however, is not deliberately obtuse and in fact has every reason to keep his moves a secret since returning from training camp in Los Angeles a fortnight ago.

While he was away, his close aide’s son Dean Whyte, often referred to as his “brother”, was shot dead in Brixton in an incident believed to be the result of a “gang feud”.

“I won’t disclose where I train,” Whyte said. “I don’t want people coming to where I train. It is serious work.

“I’m in Luton. It gets me out of London and obviously there’s a few things going on in London at the moment that involve my family, so I wanted to get out of London to focus and not get caught up in it. Times are sad, so I just have to focus on my job and it’s a very important job.

That’s all. This weekend, Whyte returns to the ring for the first time since being knocked out by Tyson Fury in April, under the stars at Wembley Stadium. In a strange twist of fate, his first step towards redemption comes just a few hundred yards away at Wembley Arena.

Given the family grief, Whyte was told that such a big fight, against an undefeated and ambitious heavyweight in Franklin, could have come at a bad time.

“Come on man,” Whyte said, still no sign of a smile. “It’s my job and I have a job to do. It’s probably the right time because now I just want to inflict even more damage. I want to channel it. I smile a lot, laugh a lot and joke a lot, but when the switch flips, boom, it’s literally from Mr Smiley guy to a screaming psychopath.

“Listen, mate, me and you could have a cup of tea and laugh, but if I need to hit you, I’ll hit you.”

Dillian Whyte (Mark Robinson Matchroom Boxing)

Since that night at Wembley Stadium, when he was sent off with a second remaining in round six, Whyte has made some big changes behind the scenes as he attempts to move up the heavyweight ladder. Chief among them was parting ways with former trainer Xavier Miller and linking up with Buddy McGirt instead,

That meant moving to Los Angeles for his training camp where he worked alongside basketball and NFL players and lived out of a suitcase.

“I stayed in a hotel the whole time,” he adds. “I’m not a big shot, I can stay in a tent or caravan, I’ve done that before and it’s no problem for me. I will do whatever it takes to give my all in this game. I’ve slept under a tree in my life, I’ve slept on a bench – a hotel is no problem. I’m not in Hollywood, I’m in Woodland Hills.

“Nothing is hard about it. I’m very adaptable and that’s why I was able to survive and get to where I am in life. You can put me in the desert, in Finland, anywhere. where. I’ve been surviving since I was a kid, that’s what I know how to do: survive and fight. As sad as it sounds, those are the two things I know how to do best.

Whyte had been working with Miller since the first clash with Alexander Povetkin in August 2020, when he was rammed by the Russian in the fifth round in Brentwood, Essex. The two bonded for the successful rematch against Povetkin seven months later and continued their alliance for the Fury fight.

“There is a time and a place for everything,” says Whyte. “Xav is a good coach but that experience was lacking. Buddy’s been there: Brewster vs. Klitschko, Tarver vs. Roy Jones. He had guys in great fights and if you look back you can see the information he gave and also the way he gave it the top level experience is the only thing that can get you give that.

“My team said, ‘listen, in the last fights this and that happened, we need something different’. I’m a loyal person and sometimes I can be clouded by loyalty. These guys said we had to make a change and I trust them and we sat down as a team and looked at it and made our decision.
Whyte calls Portugal home these days – and he and Miller had done the majority of their training at a base there – but everything has changed for his side.

“I get up at 7 a.m., have breakfast, relax, play X-Box and rest,” Whyte says of LA. “Then the first thing I’ll do is hit the gym for my strength and conditioning work, maybe I’ll get some therapy or some extra mobility or cardio. I’m going to eat and then rest before I go. head to Kaminsky’s boxing gym around 7 p.m. to do some spar, pads or bag work with Buddy.

” I learn a lot. He’s a very technical guy. He’s a good guy, a very humble man considering his accomplishments. I think he trained nine world champions. It’s a good change for me.

“I had good coaches, but he is more of a teacher. Being on bags or towels with him can be annoying because he stops you all the time saying “no no no, we’ll do it like that”. A lot of fighters don’t change at this point in their career because the idea now is that you’re doing what you’re doing: you’re a puncher or a brawler or whatever. But for me, it’s good to find someone I feel like I’m improving with at this point in my career.

On his time in Los Angeles as a whole, he added, “Overall it worked out. Would love to go back, but we might have to split it up because it didn’t always work out with travel and different time zones and everything. It’s not ideal. When you travel, you lose a week each way. It can be difficult. Flights are long, man.

“Some people may feel isolated there, but I don’t care. I’ve been in real isolation before, so for me it’s like anything. Some people are small in spirit, don’t want to travel or see things. I like traveling and discovering different things, understanding different cultures, mentalities and religions. There is a bigger life outside of boxing, so understanding the land and the people is an integral part of that.

But for now, Whyte, 35, insists his focus is purely on boxing. He is a strong favorite to beat 21-0 (14) Franklin and if all goes according to plan, he hopes to box three times in 2023 after having managed only two fights in the last 27 months.

His fight with Fury was on BT pay-per-view after Frank Warren won the purse bid, but that showdown is back on a DAZN show promoted by Eddie Hearn. It would suggest there is a clear path to a rematch with Anthony Joshua, who himself is rebuilding after back-to-back defeats to Oleksandr Usyk.

A rematch between the two Londoners, who faced off for the British and Commonwealth titles in 2015, looks like a natural fight at this stage, especially if Fury and Usyk can stage their own clash next year.

“I would love to fight Joshua two or three more times,” says Whyte. “I want to be involved in the best fights, tough fights and fights that give you that extra buzz. It would be nice to be involved in a trilogy too, I want that with Joshua.

“I’m still a free agent and it’s a one fight deal, but that’s heavyweight boxing, never schedule another fight while you’re already in one. Of course, I would love this fight with Joshua – he’s one of three people I’ve lost to. I already avenged one [against Povetkin] and I really want to avenge the other two.

“Avenging that is even better for me than winning a world title, avenging my two losses. I still have a lot of life in me in this game. There are a few things to think about but I try to keep it simple .

“I don’t want to think about retirement, I’m far from that. The goal has always been the world champion and that’s what I’m fully focused on. I don’t want to think about anything else – I’m concentrating on this job, which is to give out punishments.

“As a team, we’ve always said, when it’s time, we’ll find out. But I’m still healthy and I don’t have a lot of mileage on the clock. I’m still happy and I like going to the gym every day. I’m still excited to train every day. Let’s see what happens.”

The reality is that it would be very difficult to recover from a shock loss to Franklin. Now it’s up to him to make his rise up the heavyweight rankings everyone’s business.

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Prosecutions on hold as Trump company trial moves faster than expected https://gametowne.com/prosecutions-on-hold-as-trump-company-trial-moves-faster-than-expected/ Mon, 21 Nov 2022 23:02:47 +0000 https://gametowne.com/prosecutions-on-hold-as-trump-company-trial-moves-faster-than-expected/ According to the judge presiding over the case, Juan Merchan, prosecutors must show that Mr. Weisselberg acted for interests other than his own – that he sought to benefit the company, whether he succeeded or not. Depending on how Judge Merchan explains this concept to the jury and how thoroughly the jurors analyze his instructions, […]]]>

According to the judge presiding over the case, Juan Merchan, prosecutors must show that Mr. Weisselberg acted for interests other than his own – that he sought to benefit the company, whether he succeeded or not. Depending on how Judge Merchan explains this concept to the jury and how thoroughly the jurors analyze his instructions, one or more of them could conclude that Mr. Weisselberg acted only for himself, leading to an acquittal. or to a suspended jury.

Defense attorneys sought to point out that Mazars USA was responsible for failing to alert the Trump Organization to the illegality of the scheme. They seem to believe that some jurors can be convinced that the Trump Organization was not guilty and that the responsibility lies solely with Mr. Weisselberg, Mr. McConney, the comptroller – who is immune from prosecution after testifying before the grand jury – and Mr. Bender.

On Monday, they questioned Mr. Bender about his relationship with the Trump Organization, Mr. Trump and employees, including Mr. Weisselberg and the company’s comptroller, Mr. McConney. Mr. Bender testified to a relatively close relationship with the company, by far its biggest customer, saying he attended Mr. Trump’s wedding and the wedding of Mr. Weisselberg’s son.

They were close enough that Mr. Bender felt comfortable blowing off steam with a heated email exchange that included Mr. Weisselberg. It was triggered when Mr Bender sent a blank email with the subject line “ALLEN CAUSING ME GRIEF”.

When Mr. Weisselberg responded, saying his questions about the company’s invoices were “nothing personal, just business”, Mr. Bender fired back in all caps: “I KNOW IT’S NOT PERSONAL BUT I AM THE BEST INVESTMENT YOU HAVE.”

The defense asked Mr. Bender to testify about a document that showed him calculating two different scenarios that would determine how much money Mr. Weisselberg earned and how much tax he paid. One took into account part of the scheme in which executives declared part of their compensation as if they were independent contractors; in this scenario, Mr. Weisselberg brought in more money and paid less tax. The document appeared to suggest that Mr. Bender was aware of this part of the scheme.

On Friday, Mr. Weisselberg had testified that Mr. Bender had never told him that he was committing a crime by filing his tax returns without declaring the benefits he had received. He said that if he had been told that certain practices were illegal, he would not have practiced them.

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Bears promote small business Riley’s Ribz in November https://gametowne.com/bears-promote-small-business-rileys-ribz-in-november/ Sat, 19 Nov 2022 03:47:09 +0000 https://gametowne.com/bears-promote-small-business-rileys-ribz-in-november/ In November, the Chicago Bears recognized Riley’s Ribz as their third Gameday Eats Small Business All Pros winner for 2022. The event was presented by Visa. According to the Chicago Bears, Riley’s Ribz is a veteran-owned family business founded by spouses Antonio and Caryn Riley. Founded in 2013, it’s known for offering seven different seasonings, […]]]>

In November, the Chicago Bears recognized Riley’s Ribz as their third Gameday Eats Small Business All Pros winner for 2022. The event was presented by Visa.

According to the Chicago Bears, Riley’s Ribz is a veteran-owned family business founded by spouses Antonio and Caryn Riley. Founded in 2013, it’s known for offering seven different seasonings, including All Purpose, Smokin’ Sweet BBQ seasoning, Caribbean Jerk, Savory Poultry, Hot and Spicy, Bold Blend, which is perfect for steaks and chops, and Lemon Pepper Sprinkle. They also offer two barbecue sauces, Sweet & Smoky and Sweet Heat.

All of the company’s products are gluten-free and low in sodium; they pride themselves on a heart-healthy seasoning that adds a kick of flavor to any dish. Their motto is “spreading flavor one household at a time”, their trademark is “Make your food say Some’m”.

Consumers can find their products at select Jewel Osco stores, Walt’s Foods and other outlets. On the company’s website, RileysRibz.com, customers can find their full product list and order online, including internationally.

This is the third year of the Bears Small Business All-Pros initiative. Last season, in partnership with Visa, Moody’s Pub, Cocoa Chili, Peppo’s Subs and Cleo’s Southern Cuisine were selected.

In 2020, 10 Small Business All-Pros winners were named, presented by Proven IT. All-Pro Cleo’s Southern Kitchen (2021) can now be found on all Chicago Bears game days at Soldier Field. Visit them at the United Club near Section 214.

Other 2022 Small Business All-Pros included 14 Parish, Tacotlán and Bitoy’s Sweet Treats. Each small business will receive four weeks of a Bears marketing partnership, including placement on the team’s official social media channels, ChicagoBears.com, and in email newsletters, as well as in-stadium promotions.



Joseph Phillips is the sports editor of the Chicago Crusader Newspaper. He is originally from Chicago and has been a sports journalist for over 17 years. He also hosts the SC Media News and Sports Network Q&A radio show on WHPK 88.5 FM Chicago.


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The Indian Tata will open 20 “beauty tech” points of sale, in talks with foreign brands https://gametowne.com/the-indian-tata-will-open-20-beauty-tech-points-of-sale-in-talks-with-foreign-brands/ Wed, 16 Nov 2022 03:49:00 +0000 https://gametowne.com/the-indian-tata-will-open-20-beauty-tech-points-of-sale-in-talks-with-foreign-brands/ Tata plans beauty sector expansion in latest retail gamble Technological push of the eyes with skin analyzers, virtual trial in kiosks Tata targets at least 20 stores next year The company will face competition from Sephora, Nykaa NEW DELHI, Nov 16 (Reuters) – India’s Tata Group plans to open at least 20 “beauty tech” stores […]]]>
  • Tata plans beauty sector expansion in latest retail gamble
  • Technological push of the eyes with skin analyzers, virtual trial in kiosks
  • Tata targets at least 20 stores next year
  • The company will face competition from Sephora, Nykaa

NEW DELHI, Nov 16 (Reuters) – India’s Tata Group plans to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin tests to entice young, affluent shoppers to buy high-end cosmetics range, according to a company document and someone familiar with its strategy.

The move pits Tata, whose interests range from cars to jewelry, against LVMH’s Sephora (LVMH.PA) and domestic rival Nykaa (FSNE.NS) for a share of the rapidly growing $16 billion beauty market and personal care in the second most populous country.

Tata is eyeing what it calls a “beauty lover” in India aged between 18 and 45 who likes to buy foreign brands such as MAC from Estee Lauder (EL.N) and Bobbi Brown, according to the document, which lists The Honest Company ( HNST.O), Ellis Brooklyn and Gallinee as potential partners. Tata is in talks with more than two dozen companies to supply exclusive products to new stores, according to the person familiar with the strategy, who did not name specific brands.

Tata declined to comment on its planned beauty stores and the contents of the document seen by Reuters. Representatives for The Honest Company, Ellis Brooklyn and Gallinee did not respond to Reuters requests for comment.

The store’s opening plans, which are still under wraps, follow the recent launch of Tata’s beauty shopping app, called Tata CLiQ Palette. The company is already active in physical retail in India, where it has joint venture partnerships with global brands such as Zara and Starbucks.

The stores will have a bright red facade showing the Tata CLiQ Palette brand, with 70% of the products inside being skincare and make-up, according to the Tata document. Inside stores, Tata plans to install technology allowing customers to virtually try on dozens of lipstick shades on screens and get digital skin tests to find out which products might suit them best, according to the document.

The technology isn’t new and is being used by other beauty retailers around the world, but this venture into what industry experts call “experiential retail” is still a relatively new concept in Indian malls and street shops.

“Experiential retail is going to be very important in India as more and more customers will spend their free time in these stores,” said Pankaj Renjhen, co-CEO of Indian consultancy Anarock Retail. “In the premium segment – ​​where a customer is looking for things beyond price – experiential retail helps trigger impulse purchases and can attract them.”

Renjhen added, however, that “the product and brands must be exclusive and good – if they are not, she (the customer) will not return.”

MILLENNIUM DRIVE

As India’s economy grows and people return to stores after coronavirus lockdowns, Tata is looking to target relatively young and affluent customers who like to shop in a comfortable environment and are willing to pay list price for high-end international brands. Tata calls these customers ‘non-dealers’ in the document seen by Reuters, unlike most Indians who buy local brands of cheap lipsticks or skin creams from small mom-and-pop beauty shops. -pop where haggling for discounts is common.

The company targets buyers with an annual income of at least 600,000 rupees ($7,358), more than three times the average income of $2,000 a year for India’s 1.4 billion people. The new stores are expected to drive “sales across all channels as Beauty Tech’s flagship destination for Gen Z and Millennials,” the Tata document says.

India’s $16 billion beauty and personal care market is much smaller than China’s $92 billion, but market research firm Euromonitor estimates India will grow an average of 7% per year. year over the next few years.

“The Indian beauty market is far from saturated,” said Devangshu Dutta, director of New Delhi-based retail consultancy Third Eyesight. “If you’re investing for the long term, with higher income profiles and changing lifestyles, there’s a long streak of growth ahead of you.”

Tata faces strong competition to take advantage of the projected growth. Sephora, present in India for ten years, has 26 outlets selling beauty and perfume brands. Reliance, run by billionaire Mukesh Ambani, has a long-term plan to open 400 beauty stores, the first of which could open in a Mumbai mall next month, according to a person familiar with its plans. Reliance did not respond to a request for comment.

Indian beauty retailer Nykaa, backed by private equity firm TPG, asset manager Fidelity and backed by a Bollywood celebrity, has announced plans to open up to 300 stores, up from 124 currently. The 10-year-old company, which started out as an online-only retailer, caught the sector’s attention last year when its stock almost doubled after its Mumbai stock exchange listing, valuing the business at l 14 billion dollars.

OBSTACLES AHEAD

Tata’s first ‘beauty tech’ store is likely to open by March, with further expansion stretching over the next financial year starting in April, which could see it open up to 40 stores, according to the person familiar with the plan, which added that the company will start with big cities like New Delhi before considering smaller locations.

However, Tata is finding it difficult to persuade owners of high-end malls, where space is scarce, to take over a new beauty store where there are already existing ones, if they don’t have enough products. exclusives or some other differentiator to attract new customers and increase foot traffic to the mall as a whole, according to another person with direct knowledge of the discussions.

Alongside exclusive product launches, Tata is focusing on in-store technology, which the document seen by Reuters describes as a “key differentiator”.

One of the tech tools will be a device Tata calls a “skin analyzer”, a device with a mirror that can read and analyze a customer’s skin to reveal 25-30 attributes that can help make product choices. . There will also be “virtual try-on” kiosks for eye and face makeup. Among them will be a circular booth with inserted lipsticks; when someone lifts one, a digital mirror screen on the front will automatically begin showing how the color shade will appear on the face, eliminating the need for repeated manual trials before a purchase.

Tata is also testing the use of so-called geofencing technology to enable its store staff to detect when a customer using their app enters, and to share purchase history and wishlists with staff to make better recommendations. , said the person familiar with the plans.

Reporting by Aditya Kalra in New Delhi Editing by Bill Rigby

Our standards: The Thomson Reuters Trust Principles.

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Tesla officially opens its charging network to non-Tesla cars https://gametowne.com/tesla-officially-opens-its-charging-network-to-non-tesla-cars/ Sat, 12 Nov 2022 04:17:00 +0000 https://gametowne.com/tesla-officially-opens-its-charging-network-to-non-tesla-cars/ CNN — One of Tesla’s main competitive advantages in North America is its network of chargers, which for the most part can only charge Tesla vehicles. Tesla chargers outnumber so-called CCS chargers, the type used by Ford, General Motors, Audi, Rivian and others, by a factor of two to one, according to Tesla. Now Tesla […]]]>



CNN

One of Tesla’s main competitive advantages in North America is its network of chargers, which for the most part can only charge Tesla vehicles.

Tesla chargers outnumber so-called CCS chargers, the type used by Ford, General Motors, Audi, Rivian and others, by a factor of two to one, according to Tesla. Now Tesla has invited other automakers to build cars with charging ports that can work with Tesla’s charging format and for other charging companies, like EVGo, ChargePoint and Electrify America, to add outlets. Tesla style to their chargers.

It’s not yet clear if other companies might take up Tesla’s offer, or if they ever will.

Tesla drivers have long been able to use CCS chargers with a simple adapter that fits over the charging socket. But actually having a Tesla-style charging cord – Tesla now has dubbed the “North American Charging Standard”, or NACS, although not an official government designation, it would make the process easier and not require the purchase of an adapter.

For non-Tesla vehicles, the ability to use a Tesla Supercharger – the company’s name for its fast chargers – has been more complicated and requires, at best, a special adapter purchased from another company. Even then, it may still not work due to differences in how cars communicate with the charger.

Driving a car with a Tesla-style NACS charging station will make this much easier. But no automaker or charging company has so far announced its intention to accept Tesla’s offer announced in a blog post on Friday.

The company and its CEO, Elon Musk, have previously talked about opening up its charging network to non-Tesla vehicles. The company has started doing this in Europe, where Tesla vehicles are equipped with a European version of the industry-standard CCS-style charging ports.

On the same day Tesla announced its offer for other companies to use its charging format, the charging company EVGo announced a temporary offer for Tesla drivers with a CCS adapter to use EVGo fast charging stations without paying fees monthly subscription.

Under EVGo’s existing plan, called Autocharge+, Tesla drivers can use the EVGo phone app to connect and quickly start a charging session. The timing of EVGo’s promotional announcement was coincidental, said Jonathan Levy, EVGo’s chief commercial officer, and EVGo currently has no plans to begin installing Tesla charging cables at its stations.

In the past, Tesla has offered to license other companies to use various Tesla-patented technologies, but that meant the companies had to abide by Tesla’s “Patent Pledge.”

Under the terms of this agreement, companies that wanted to use Tesla technology had to agree not to sue Tesla for any kind of patent infringement or to help any other company do so, essentially offering patent sharing. from Tesla a two-way street. .

It’s unclear whether Tesla’s patent promise applies to the use of the NACS charging standard. Tesla, which does not usually respond to questions from the media, did not respond to emailed questions on the matter.

Bill Visnic, editorial director of the Society of Automotive Engineers, or SAE, said he didn’t think automakers would accept Tesla’s offer. CCS is a standard developed by SAE with a consortium of automotive manufacturers.

“There’s a lot of significant work and collaboration that went into it,” he said.

Even Visnic admitted, however, that Tesla chargers tend to be more reliable and easier to use than other public chargers.

As for the charging companies, Visnic said, it’s likely they’ll want to keep their chargers using the CCS standard since Tesla already has a larger network of chargers and many Tesla drivers can easily use a adapter. (Some Tesla vehicles do not work with CCS adapters.)

But charging companies may want to add these cables because it could attract new customers, said Jim Burness, CEO of National Car Charging, a wholesaler of equipment for the electric vehicle charging industry. Burness owns a Tesla as a personal vehicle.

“It will help owners of older Teslas who would otherwise not only have to buy an adapter, but also pay for an upgrade to their car if the plug is right there on the station,” he said.

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Gas prices edge up slightly due to oil market volatility: AAA https://gametowne.com/gas-prices-edge-up-slightly-due-to-oil-market-volatility-aaa/ Tue, 08 Nov 2022 20:58:27 +0000 https://gametowne.com/gas-prices-edge-up-slightly-due-to-oil-market-volatility-aaa/ Consumers have seen pump prices rise again, but that may not last long, according to AAA. (iStock) After falling for several weeks, gas prices rose slightly again, AAA reported on Monday. The national average gasoline price rose to $3.80 a gallon, four cents higher than the previous week. The sudden price spike was due to […]]]>

Consumers have seen pump prices rise again, but that may not last long, according to AAA. (iStock)

After falling for several weeks, gas prices rose slightly again, AAA reported on Monday.

The national average gasoline price rose to $3.80 a gallon, four cents higher than the previous week. The sudden price spike was due to volatility in the oil market, AAA said.

Oil prices fluctuated on fears that Russian oil production cuts could lead to tighter global supply.

However, news that China has entered another COVID-19 lockdown could signal a potential economic slowdown for “the world’s largest oil-consuming country” and could prevent further price increases at the pump, according to AAA.

“The oil market, like the stock market, hates negative headlines, no matter how speculative,” said AAA spokesman Andrew Gross. “And that’s why we’re seeing the price of oil rally to over $90 a barrel. More expensive oil generally leads to more expensive gasoline, but recent COVID-related news from China may stem that rise.”

If you want to save money on your car insurance costs, you can consider switching car insurance providers to get a lower monthly rate. You can visit Credible to shop and find your personalized bonus without affecting your credit score.

JOB GROWTH SLIDERS IN OCTOBER, BUT EXCEEDS EXPECTATIONS, LATEST BLS DATA SHOWS

Biden announces initiatives to reduce gas prices

In October, President Biden announced the release of an additional 15 million barrels of oil from the emergency reserve, saying it would lower gas prices and bolster domestic oil production. The decision is part of the 180 million barrel withdrawal announced by the administration in the spring.

Biden also targeted oil and gas companies over the $100 billion in revenue they made in the past six months. At a press conference last week, Biden said oil companies must invest their record profits to cut costs for Americans and increase production, or face additional taxes on those profits.

Biden said if those companies passed on their past six-month profits to consumers, gasoline prices could drop another 50 cents.

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PERSONAL LOAN INTEREST RATES AT A NEAR RECORD DIFFERENCE WITH CREDIT CARDS, INCREASING SAVINGS OPPORTUNITIES

Consumers also face higher costs to finance car purchases, analysis finds

It’s not just gas prices that are going up. The Federal Reserve last week announced its fourth rate hike of 75 basis points this year. Economists have said interest rates are likely to rise again this year as inflation remains well above the Fed’s 2% target.

Interest rates paid on auto loans jumped to 5.7% in the third quarter of 2022, the highest rate since the third quarter of 2019, according to Edmunds. Rising borrowing costs and rising car prices have put some popular car models out of reach for many Americans, according to a recent analysis by automotive search engine iSeeCars.

New car prices jumped about 29% in August compared to August 2019 and used car prices rose 52% over the same period.

However, revenues did not keep pace and rose only 13% in August compared to August 2019. As a result, new car affordability fell 13.3% from August 2019 to August 2022 and the affordability of used cars has decreased by 26.7%.

“Due to supply chain shortages and increased demand, price increases for new and used cars have outpaced revenue growth,” said Karl Brauer, executive analyst at iSeeCars.

“People still need to replace their vehicles, so the resulting decline in affordability means buyers are accepting longer loan terms and paying higher interest rates, putting less money down for a down payment, or even give up the type of car they originally wanted for a lower-cost model to make ends meet,” Brauer continued.

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AVERAGE MILLENNIAL OWES MORE THAN $100,000 IN NON-MORTGAGE DEBT: SURVEY

You have a financial question, but you don’t know who to contact? Email the Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column.

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Be a business partner with SBI, earn up to Rs 70,000 per month – Conditions, investment, income, required documents, – FULL DETAILS HERE https://gametowne.com/be-a-business-partner-with-sbi-earn-up-to-rs-70000-per-month-conditions-investment-income-required-documents-full-details-here/ Sun, 06 Nov 2022 09:46:24 +0000 https://gametowne.com/be-a-business-partner-with-sbi-earn-up-to-rs-70000-per-month-conditions-investment-income-required-documents-full-details-here/ SBI company scheme: India’s largest lender, State Bank of India (SBI), is one of the country’s trusted banks and depositors firmly believe that their money is safe with SBI. However, if someone says that you can do business with SBI and earn up to Rs 60,000-70,000 per month, would you believe it? It only takes […]]]>

SBI company scheme: India’s largest lender, State Bank of India (SBI), is one of the country’s trusted banks and depositors firmly believe that their money is safe with SBI. However, if someone says that you can do business with SBI and earn up to Rs 60,000-70,000 per month, would you believe it?

It only takes one time which could fetch an investment of around Rs 5 lakh. If you are wondering what kind of business it is, let us tell you that we are talking about the SBI ATM Franchise.

Still confused? Understand this way –

Whenever you see ATMs in the market, near companies, schools or anywhere; what do you think Who installed it? If your answer is banks, then you are wrong. There are companies that install ATMs on a contract basis. These entrepreneurs are hired by the banks.

For example, Tata Indicash, Muthoot ATM and India One ATM have contracts to install ATMs for the State Bank of India. So, anyone wishing to get an ATM franchise from SBI must apply these companies through their official websites.

It should be noted that there are many frauds by defrauding people in the name of ATM franchises. So, if you want to apply for the SBI ATM franchise, be careful and apply only through the official website of the company.

SBI ATM Franchise: Terms and Conditions to Apply

There should be an area of ​​at least 50 and 80 square feet to install an ATM booth. In addition, it must be at least 100 meters from other ATMs. Speaking of location, it should be such that it is easily visible to people. A 24-hour power supply and a power connection of at least 1 kW are also mandatory. Additionally, the hut must be a permanent building with a concrete roof and masonry walls.

If you live in a society, no certificate of objection will be required from the society or the authorities for the establishment of V-SAT.

SBI ATM Franchise: Required Documents

* Identity Proof – Aadhaar Card, Pan Card, Voter Card

* Proof of address – ration card, electricity bill

* Bank account and passbook

* Photograph, email id, phone number.

* Other documents/forms required by the company

* GST number

* Financial documents required by the company

Also read: Government resumes sugar exports; authorizes 6 million tonnes on a quota basis until May 31 – Details

SBI ATM Franchise: Investment and Earnings Details

To get SBI ATM franchise approval, Rs 2 lakh has to be paid as security deposit and Rs 3 lakh as working capital. So, the total investment is Rs 5 lakh. It should also be noted that the amount may vary from company to company.

After all process from paperwork to installation, ATM will be available for SBI customers. In each cash transaction, you will receive Rs 8 and for non-cash transactions like balance checks and fund transfers, you will receive Rs 2.

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How Technology Empowers Small Businesses https://gametowne.com/how-technology-empowers-small-businesses/ Thu, 03 Nov 2022 21:28:00 +0000 https://gametowne.com/how-technology-empowers-small-businesses/ In October, the U.S. Chamber of Commerce’s Center for Technology Engagement (C_TEC) hosted an event with the Greater Houston Partnership focused on the impact of technology on small business and government. The event, TecNation 2022: How Technology is Powering the American Economy, brought together business leaders, decision makers and small business owners to assess their […]]]>

In October, the U.S. Chamber of Commerce’s Center for Technology Engagement (C_TEC) hosted an event with the Greater Houston Partnership focused on the impact of technology on small business and government. The event, TecNation 2022: How Technology is Powering the American Economy, brought together business leaders, decision makers and small business owners to assess their use of technology and its impact on their work.

Greater range at lower cost

The small business owners at our event made one thing clear to me when I spoke to them. Technology serves as a force multiplier in their efforts to reach new customers and grow their business.

“I could never do old-fashioned advertising with television or newspapers,” said Ramon Sorriano, owner of La Calle Tacos. “You know the money isn’t going there. And I would pay to be exposed to people who don’t care about my product, so being able to really target the person who really wants to know about my product makes all the difference and my advertising budget goes way beyond that.

Brian Spears of Baby Chic, a resource guide from pregnancy to motherhood, agreed. “It allows us to amplify that content to all of our users,” Brian said. “And beyond that, we get about a million users on our website a month to be able to reach even beyond those people is a massive help.”

A lifeline for communities

Beyond the impact of introducing their products and services to new customers, our panel of small businesses agreed that technology enabled them to adapt in the face of turbulent business conditions.

Mario Amaro, owner of Ease, a technology platform that helps independent doctors open practices, said technology is changing communities across America. Now, thanks to technology, independent practitioners can better serve underserved communities through traditional healthcare providers. “The way we envision enabling clinicians to be independent changes the concept of what a practice is and how you access it,” Mario said.

Similarly, Ramon recounted that during flooding following a tropical storm in 2019, technology allowed his restaurant to partner with other businesses to provide relief to first responders and his community by matching resources with production capabilities. eating.

What the data tell us

TechNation 2022 panelists and attendees largely agreed on the benefits of technology for their businesses. Their testimonies match what the United States House found in its recent report, Empowering Small Business: The Impact of Technology on America’s Small Business

Our report found that small businesses are nearly universal in their adoption of a wide range of technology platforms.

More than 9 in 10 small business owners in the United States report using at least one type of technology platform as part of running their business. The most prevalent use of technology in US small businesses is the use of social media platforms such as Facebook, Twitter and Instagram which are used by two out of three small businesses (66%). This is followed by the use of accounting software applications used by 56% of small businesses and marketing platforms used by 41% of small businesses.

Since 2020, small businesses that integrate technology platforms are more likely to see growth in sales, profits and employment.

What this means for policy makers

The upshot of what small businesses tell us about using technology to grow their business is that without the right policies in place, small businesses could lose their ability to adapt and meet new challenges in the world. 21st century economy.

Learn more about our policy recommendations at https://americaninnovators.com/empowering-small-business/

About the authors

Jordan Crenshaw

Jordan Crenshaw

Vice President, C_TEC, United States Chamber of Commerce

Crenshaw is vice president of the Chamber Technology Engagement Center (C_TEC).

Read more

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Today’s mortgage, refinance rate: November 1, 2022 https://gametowne.com/todays-mortgage-refinance-rate-november-1-2022/ Tue, 01 Nov 2022 10:02:26 +0000 https://gametowne.com/todays-mortgage-refinance-rate-november-1-2022/ Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. After peaking early last week, 30-year fixed mortgage rates have remained below […]]]>

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.

After peaking early last week, 30-year fixed mortgage rates have remained below 7% for the past few days.

Today, the Federal Reserve is meeting to discuss its next big policy move. The CME tool FedWatch currently indicates that there is an 86% chance that the Fed will announce another 75 basis point hike in the federal funds rate on Wednesday. Given that markets have already priced in the likelihood of another big hike, mortgage rates shouldn’t be affected by the Fed’s announcement.

The Fed raised the federal funds rate in an attempt to slow the economy and bring down inflation. So far, that hasn’t had much of an impact, causing many to worry that the central bank will have to keep raising rates until the economy enters a recession.

Today’s Mortgage Rates

Type of mortgage Average rate today
This information was provided by Zillow. See more mortgage rates on Zillow

Today’s Refinance Rates

Type of mortgage Average rate today
This information was provided by Zillow. See more mortgage rates on Zillow

mortgage calculator

Use our free mortgage calculator to see how today’s interest rates will affect your monthly payments:

mortgage calculator

$1,161
Your estimated monthly payment

  • pay one 25% a higher down payment would save you $8,916.08 on interest charges
  • Lower the interest rate by 1% would save you $51,562.03
  • Pay an extra fee $500 each month would reduce the term of the loan by 146 month

By clicking on “More details”, you will also see the amount you will pay over the life of your mortgage, including the amount of principal versus interest.

Are HELOCs a good idea right now?

Many homeowners have gained great net worth over the past couple of years as home prices have risen at an unprecedented rate. But since rates are so high today, tapping into that equity can be costly.

For homeowners looking to leverage the value of their home to cover a big purchase, like a home improvement, a home equity line of credit (HELOC) can still be a good option.

A HELOC is a line of credit that lets you borrow against the equity in your home. It works similar to a credit card in that you borrow what you need rather than getting the full amount you borrow in one lump sum.

Depending on your finances and the type of HELOC you get, you may be able to get a better rate with a HELOC than with a home equity loan or cash refinance. Just keep in mind that HELOC rates are variable, so if rates start to increase further, yours will likely increase as well.

Projection of mortgage rates for 2023

Mortgage rates started to recover from historic lows in the second half of 2021 and have risen more than three percentage points so far in 2022. They will likely remain near current levels for the remainder of 2022.

But many forecasts predict that rates will start falling next year. In their latest forecast, Fannie Mae researchers predicted that rates are currently peaking and that 30-year fixed rates will drop to 6.2% by the end of 2023.

The Mortgage Bankers Association also noted that a recession in the first half of 2023 could cause rates to drop even faster. He currently estimates that there is a 50% chance that a mild recession will materialize next year.

The decline in mortgage rates in 2023 depends on the Federal Reserve’s ability to control inflation.

Over the past 12 months, the consumer price index has increased by 8.2%. This is only a slight slowdown from the previous month’s numbers, meaning the Fed will likely need to continue to aggressively raise fed funds rates to bring prices down significantly.

As inflation slows, mortgage rates will likely start to come down as well. If the Fed acts too aggressively and engineer a recession, mortgage rates could fall further than currently forecast. But rates are unlikely to fall to the historic lows that borrowers have enjoyed over the past two years.

When will real estate prices go down?

House prices are starting to drop, but we probably won’t see huge drops, even in a recession.

The S&P Case-Shiller Home Price Index shows that prices are still up year-over-year, although they fell on a monthly basis in July. Fannie Mae researchers expect prices to fall 1.5% in 2023, while the MBA expects prices to rise 2.8% in 2023 and 2.1% in 2024.

Skyrocketing mortgage rates have pushed many promising buyers out of the market, slowing demand for home purchases and putting downward pressure on home prices. But rates could start falling next year, taking some of that pressure off. The current supply of homes is also historically low, which will likely prevent prices from falling too far.

What happens to house prices in a recession?

House prices generally fall during a recession, but not always. When this happens, it’s usually because fewer people can afford to buy homes and weak demand forces sellers to lower their prices.

How much mortgage can I afford?

A mortgage calculator can help you determine how much you can afford to borrow. Play around with different house prices and down payment amounts to see how much your monthly payment might be, and think about how that fits into your overall budget.

As a general rule, experts recommend spending no more than 28% of your gross monthly income on housing expenses. This means that your total monthly mortgage payment, including taxes and insurance, should not exceed 28% of your pre-tax monthly income.

The lower your rate, the more you’ll be able to borrow, so shop around and get pre-approved with multiple mortgage lenders to see who can offer you the best rate. But remember not to borrow more than your budget can comfortably support.

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Take a side gig? This is how your income will be taxed https://gametowne.com/take-a-side-gig-this-is-how-your-income-will-be-taxed/ Sat, 29 Oct 2022 14:37:06 +0000 https://gametowne.com/take-a-side-gig-this-is-how-your-income-will-be-taxed/ In recent years, especially during and after the Covid-19 pandemic, many have taken up side gigs in addition to their main jobs. These include being part of a music group that puts on shows on weekends, writing earning blogs, being a Youtuber or Instagram social influencer or taking up a guest professorship in any educational […]]]>

In recent years, especially during and after the Covid-19 pandemic, many have taken up side gigs in addition to their main jobs. These include being part of a music group that puts on shows on weekends, writing earning blogs, being a Youtuber or Instagram social influencer or taking up a guest professorship in any educational institution. The list is non-exhaustive. And this article does not address the legal or moral issues surrounding a side gig. This is how your secondary income will be taxed.

Treatment of self-employed income

Income or secondary income is generated by the sale of goods or services. It can be a specific skill or manual labor and therefore this income is taxed under the heading “Profits and gains of a business or profession”. The Income Tax (IT) Act allows expenses to be deducted from income from a business or profession; the assessee can also opt for the presumed income tax. For freelancers offering services in technical consulting, engineering, accounting, interior design, law, medicine or any other profession specified by CBDT, article 44ADA of the computer law will apply and the deemed income will be calculated at 50% of gross receipts. In case the profession or business is not mentioned, the presumed income will be calculated at 8% of the gross receipts.

Freelancers should be aware that the law does not very often allow the change of tax return from presumptive to regular taxation and vice-versa. If a assessee elects deemed income in one fiscal year and in the next fiscal year they opt out, then for the next five years the assessee cannot elect deemed income. Deemed income is not applicable if gross receipts exceed ₹2 crore.

Deduction of expenses

Freelancers can deduct certain expenses incurred for business purposes and to earn gross receipts. The only prerequisite for the deduction is that the expenses must be related to the business. The law allows the deduction of expenses such as repairs to office premises (rented or own) and equipment, rent paid for the property, office expenses such as supplies, etc. Travel expenses incurred to meet clients and transportation costs are types of expenses that can be claimed.

However, the law does not allow personal expenses to be deducted from gross receipts. “The assessee can decide the amount of common expenses that will be chargeable to business and personal expenses on a rational and logical basis and should use the same logic regularly,” says Archit Gupta, Founder and CEO of Cleartax.

The law, however, explicitly prohibits the deduction of certain expenses, such as income tax paid by oneself, any interest, penalties or fines paid for non-payment or late payment of income tax or any payment made to a parent above the fair market. assess.

Advance tax and TDS

The Income Tax Act specifies that anyone assessed whose tax liability is more than ₹10,000 is liable to pay withholding tax. An assessee who is not subject to flat rate income tax will have to pay installments quarterly. However, for assessees reporting deemed income, withholding tax does not need to be filed quarterly, but by March 15 each year, 100% of withholding tax must be paid. It should be noted that all installments paid until March 31 will be considered as tax installments.

Freelancers may receive their payments after deducting the payer’s TDS and it may happen that freelancers also have to deduct the TDS when making certain payments. However, not all self-employed persons are required to withhold tax at source. The Income Tax Act specifies that an individual or HUF is only required to deduct tax if the gross receipts for the previous year are ₹1 crore or more in the case of a business and ₹50 lakh or more from a profession.

Verification of GST applicability

Goods and Services Tax may also apply. Freelancers should check the law and comply with GST based on the goods and services provided, total turnover limits, and the states where they reside.

Side-gig income is one component of total income and will be taxed as business and professional profits and gains. Compliance with tax rules for other income items such as wage income, income from real estate property, capital gains and other income, is also required. ITR 3 may be relevant because, according to the Income Tax website, income from all heads can be filed in this form. You can benefit from professional assistance in filing the declarations, if necessary.

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