Real estate Q&A: Our condo board is dragging its feet on approving our buyer. What can we do?

Business / Business News /

Q: We are selling our condo, and closing is fast approaching. Our board is dragging its feet on approving our buyer. We are getting concerned because we must pack and move out, and we do not even know if our buyer will be allowed to buy our home. What can we do? — Anna

A: Selling your home can be incredibly stressful. Not only do you have to ...Read more


Carla Fried: Inflation is more reason to delay taking Social Security

Business / Business News /

The recent increase in inflation could mean retirees already receiving their Social Security benefit might see 2022 it rise by about 5%, which would be the biggest annual cost-of-living adjustment (COLA) in more than a decade.

But the even bigger payoff from a large Social Security COLA will be for anyone at least 62 who has yet to start ...Read more

Daniel A. Varela/Miami Herald/TNS

New materials can make Florida condos more durable. Almost no one uses them

Business / Business News /

Unlike many diseases that afflict aging humans, there are already cures for the most common, serious and expensive threat to thousands of aging buildings along Florida’s coast, a malady that structural engineers have dubbed “concrete cancer.”

The symptoms show up first as rust-stained columns or cracked balconies — tell-tale signs the ...Read more

Mark Mirko/TNS

'It's approaching a losing venture:' Hurricanes with downpours and fierce winds wrecked crops a year after Connecticut farmers struggled with drought

Business / Business News /

A wet summer that brought several tropical storms and a barrage of torrential rain to Connecticut has hit farms hard, ruining fall crops and dealing a blow to the state’s $4 billion-a-year agriculture sector.

Ida and Henri flooded about 25 acres of Rodger Phillips’ 300-acre Sub Edge Farm, leaving some places submerged 7 feet, killing ...Read more

Royal Caribbean Group/TNS

Royal Caribbean to debut world's largest cruise ship in Florida instead of China

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Florida has been the first home for each of Royal Caribbean’s Oasis-class vessels since Oasis of the Seas debuted in 2008, but was set to lose out to China for the fifth ship in the class, Wonder of the Seas. But the cruise line announced some changes that will bring the ship to the Sunshine State early next year.

What will inherit the title ...Read more

Lola Gomez/Austin American-Statesman/TNS

Arianne Cohen: Where should I live? 9 questions with a housing economist

Business / Business News /

Our favorite housing economist — yes, we have one of those — is Jenny Schuetz, a senior fellow at the Brookings Institution, who publishes a steady stream of insightful and practical articles on topics like why getting a multi-year lease is a good idea and whom you should blame for high housing costs (spoiler alert: greedy people). We caught...Read more

Kassi Jackson/TNS

Lumber is down from the stratosphere, but still pricy for Minnesota builders and home owners

Business / Business News /

Lumber prices, a key cost in home construction and an influence on inflation, have plunged from their peaks this spring but remain well above pre-pandemic levels.

The development is welcome news to people who want to build a new home because, aside from land acquisition and labor, lumber is typically the highest component cost.

Prices on ...Read more

Michael Laughlin/TNS

South Florida is becoming the nation's worst place to rent

Business / Business News /

South Florida could become the worst place in the country for renters by the end of the year, partly because wages don’t keep up with exorbitant rent increases. a new forecast shows.

Renters here are likely to devote 40% of their income to rent by the end of the year, according to a forecast by Zillow, an online real estate marketplace that ...Read more

Joe Burbank/TNS

Florida COVID 'vaccine passport' fines kick in Thursday for businesses, governments

Business / Business News /

Businesses and governments that require customers to show proof of a coronavirus vaccine will start to face hefty fines on Thursday, but some details about how the new law will work remain unclear.

The Florida Department of Health will be responsible for enforcing the $5,000 per violation charge under a law blocking so-called “vaccine ...Read more


Feds penalize UnitedHealthcare plans for underspending premiums on medical care for seniors

Business / Business News /

The federal government has imposed sanctions on three Medicare Advantage health plans run by UnitedHealthcare because the Minnetonka-based health insurer spent too small a share of premium revenue on medical benefits for seniors.

As a result, the federal Centers for Medicare and Medicaid Services (CMS) announced earlier this month that the ...Read more


Susan Tompor: You don't have to text anyone to get child tax credit from IRS

Business / Business News /

The third round of monthly advance payments for the child tax credit was scheduled to hit bank accounts Wednesday, given that it's Sept. 15.

So what better time for the scammers to text our phones with promises of big cash?

On the night of Sept. 14, I received this text: "Apply for government pandemic extra stimulus bonus of $1,400."

Of ...Read more


Tech giants used 'loopholes' to duck merger reviews, FTC says

Business / Business News /

Hundreds of deals by U.S. technology giants flew under the radar of merger watchdogs, fueling the companies’ unchecked growth in the digital economy, according to a Federal Trade Commission study.

The data on acquisitions by Apple Inc., Inc., Alphabet Inc.’s Google, and Microsoft Corp. show that antitrust enforcers must be more ...Read more


Dodge ties Porsche as most appealing brand

Business / Business News /

The folks at Dodge must know what their customers like.

The Stellantis brand that makes its living off heavy horsepower Hemis led all mass market brands and tied with Porsche overall in the J.D. Power 2021 U.S. Automotive Performance, Execution and Layout Study being released Wednesday. The annual APEAL study is essentially a measure of brand ...Read more

Nikola Corporation/TNS

Nikola showcases German plant nearing first production of electric trucks

Business / Business News /

Nikola Corp. offered the public a look at the production line the company is counting on to start delivering trucks to customers in the wake of its founder being charged with securities fraud.

The U.S. manufacturer hosted an event Wednesday in Ulm, Germany, where its partner Iveco — the commercial-vehicle unit of CNH Industrial NV — is ...Read more

Rivian Automotive Inc./TNS

Rivian electric trucks arrive before Detroit Three's models

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Rivian Automotive Inc. beat the Detroit Three to market with its all-electric pickup truck the R1T, which started rolling off the assembly line Tuesday, according to CEO RJ Scaringe's Twitter feed.

"After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal," Scaringe ...Read more

Carolyn Cole/The Philadelphia Inquirer/TNS

Vanguard plans 3 new mutual funds, open to Personal Advisor Service investors only

Business / Business News /

Vanguard, which has pioneered low-cost funds that passively track the stock market, plans to launch three new actively managed funds later this year, but they will be available only to customers of the company's adviser service, which charges a 0.30% annual fee.

The funds — Advice Select Dividend Growth, Advice Select International Growth and...Read more


Elizabeth Holmes trial: Theranos' use of workers' blood led to whistleblower's concerns

Business / Business News /

Theranos whistleblower Erika Cheung’s first inkling that the company’s technology fell short of founder Elizabeth Holmes’ claims arose because the startup used its workers’ blood to check how well tests performed, the former laboratory assistant testified Tuesday.

“Employees would essentially donate their blood to Theranos for cash,�...Read more


Susan Tompor: How to get a jumpstart on that dreaded FAFSA form

Business / Business News /

The shrinking paychecks and job losses of 2020 could prove a bit helpful now, as college students and families make a pitch for financial aid for the 2022-23 school year.

Smaller incomes, after all, could mean a better shot at more financial aid. But if you saw big gains picking stocks and day trading online last year, well, you'll have to take...Read more

Todd McInturf/The Detroit News/TNS

How auto techs, trade schools are prepping for EV future

Business / Business News /

DETROIT — Greg Patton says he's not like other mechanics with more than 40 years of greasy auto repair experience because he gets the coming electric vehicle future.

In the last four decades, he's watched manufacturers work to adapt their technology for better fuel economy to the point where vehicles now shut off when stopped. There's not ...Read more

Ellen M. Banner/Digital/TNS

Need a bite at Seattle-Tacoma airport? A robot will now deliver food to you at your gate

Business / Business News /

You don't have to leave your gate or get in line to order food at the airport anymore, thanks to "Gita," the robot that delivers.

Airline passengers can now order from McDonald's and other restaurants at Seattle-Tacoma International Airport by using the online food delivery service Order SEA. For a $2.99 fee, Gita, the robot on wheels, escorted...Read more