Dave Ramsey: The groom recently lost his job; should the couple wait on the honeymoon?

Dear Dave: My fiancé and I are getting married in three weeks, but he lost his job as an experienced HVAC technician at a hospital a few days ago. Do you think we should still go on a honeymoon, or wait until things are more stable? I’m on Baby Step 3 of your plan, and I make $56,000 a year. I also have $7,000 in an emergency fund. He was making $64,000 a year, and he’s on Baby Step 2 with about $10,000 in car debt remaining. We have $3,000 already set aside for the trip, plus another $2,000 we were planning to put toward fixing up his place. —… Read More

Continue Reading

Michelle Singletary: You, too, can join the 401(k) millionaire’s club

WASHINGTON — It can be done. The “it” in this case is saving enough in your workplace retirement plan to have a seven-digit account balance. You too, with enough time and consistency, can join the 401(k) millionaire’s club. Fidelity Investments reported that for the third quarter of 2018, the number of people with $1 million or more in the employer plans it manages reached 187,400 — a jump of 41 percent from the 133,000 401(k) millionaires in the same quarter last year. This increase is nearly 10 times the 19,300 such savers it reported having a decade ago. Meanwhile, the number of IRA millionaires increased to 170,400, a 25 percent… Read More

Continue Reading

To protect animals as ‘family,’ Salt Lake City adopts law requiring pet stores to sell only shelter animals

SALT LAKE CITY — If there’s one thing Salt Lake City Mayor Jackie Biskupski and the City Council share a love for, it’s animals. The Salt Lake City Council on Tuesday unanimously voted to approve a new city ordinance to prohibit pet stores from selling animals unless they come from shelters or rescues. “Everybody loves dogs, cats and rabbits,” Salt Lake City Councilman Charlie Luke said after Tuesday night’s vote. The ordinance was proposed by Biskupski’s administration last month to discourage inhumane puppy mills and encourage animal adoption. More specifically, the ordinance prohibits commercial animal establishments from selling dogs, cats, or rabbits unless they’re obtained from an animal shelter, an… Read More

Continue Reading

Commercial Real Estate: Small business hopes new Vancouver council will bring tax relief

Vancouver’s property tax burden is being applied to commercial properties more than residential properties by a ratio of 4.4 to 1, according to a new report by Altus Group. Vancouver was only city among the 11 Canadian major markets reviewed in which the commercial-to-residential property tax burden ratio exceeded 4-1, according to the 2018 Canadian Property Tax Rate Benchmark report by the global commercial real estate data, software and service firm. The imbalance in Vancouver persisted despite a decrease in commercial tax rates by 12.8 per cent in 2018, the largest drop of all the cities surveyed and the 13th annual rate decrease in a row, the report said. The… Read More

Continue Reading

Oakland yanks lease for proposed Utah coal terminal

SALT LAKE CITY — Oakland city officials terminated a contract with a would-be developer of a deep-water export terminal that would ship Utah coal to Asian markets. The city last month said Phil Tagami’s company failed to meet construction deadlines for the project planned at the former Oakland Army Base and is now seeking $1.6 million in damages. Attorneys for Tagami disagree, and say the city has thrown up impediments to getting the project done. Tagami sued Oakland after it adopted an ordinance prohibiting the handling and shipping of coal at the planned bulk terminal. The ordinance was struck down in a federal court ruling in May, a judgment the… Read More

Continue Reading

Cancer treatment facility to be named for retiring Sen. Orrin Hatch

SALT LAKE CITY — The Huntsman Cancer Institute’s proton therapy center will be named in honor of Sen. Orrin Hatch, R-Utah. The University of Utah board of trustees on Tuesday approved a $10 million gift from the Huntsman Cancer Foundation to name the center after Hatch, who is retiring from the U.S. Senate after 42 year of service. Proton therapy is a type of radiation treatment that uses beams of radiation to shrink tumors, which minimizes radiation damage to healthy tissue. The intensity modulated proton therapy center will be located at the south end of the Huntsman Cancer Hospital, on the U. campus. The center is expected to open in… Read More

Continue Reading

Sanpete sues over painkiller addiction, joining several Utah counties

SALT LAKE CITY — Sanpete is Utah’s latest county to sue drugmakers and distributors over the toll of painkiller addiction. “This disaster was man-made,” attorneys for the county allege in the suit filed Tuesday. “Having borne the costs of these companies’ decisions — in both lives and dollars — Sanpete County has decided now is the time for it to stand up and pursue all the relief the law allows.” The largely rural county of about 30,000 alleges that more than a dozen pharmaceutical companies misled its own residents and others across the country. They created a “publicity machine” that falsely convinced people their drugs were safe and posed little… Read More

Continue Reading

B.C. developer Ryan Beedie pledges $50 million in scholarships

B.C. developer Ryan Beedie has promised $50 million in post-secondary scholarships through a newly launched education foundation. Beedie Luminaries aims to “remove barriers to higher education” for students who might otherwise struggle to afford post-secondary schooling. “There are many bright, driven young people who simply cannot afford post-secondary education,” said Beedie in a news release announcing the new endeavour. “Beedie Luminaries will break down that barrier and give them a leg up so they reach their full potential.” For the foundation’s inaugural year – which coincides with his 50th birthday – Beedie has committed $50 million to be awarded in May 2019 to 50 students from across the Lower Mainland.… Read More

Continue Reading

Amazon opens new outposts in New York, northern Virginia

NEW YORK — Amazon, which is growing too big for its Seattle hometown, is spreading out to the East Coast. The online shopping giant ended its 14-month-long competition for a second headquarters Tuesday by selecting New York and Arlington, Virginia, as the joint winners. The two cities will each get 25,000 jobs that pay an average of $150,000. But they’ll pay for it: New York is forking over more than $1.5 billion in tax credits and other incentives, while Arlington is offering about a third of that — $573 million. The communities hope that Amazon will attract other companies and ultimately boost their economies. Amazon, which started as an online… Read More

Continue Reading

Internet traffic hijack disrupts Google services

An internet diversion that rerouted data traffic through Russia and China disrupted several Google services on Monday, including search and cloud-hosting services. Service interruptions lasted for nearly two hours and ended about 5:30 p.m. EST., network service companies said. In addition to Russian and Chinese telecommunications companies, a Nigerian internet provider was also involved. Google confirmed Monday’s disruption on a network status page but said only that it believed the cause was “external to Google .” The company had little additional comment. The specific method employed, formally known as border gateway protocol hijacking, can knock essential services offline and facilitate espionage and financial theft. Most network traffic to Google services… Read More

Continue Reading