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What Did Bretton Woods Set Out to Accomplish? The purpose of the Bretton Woods meeting was to set up a new system of rules, regulations, and procedures for the major economies of the world to ensure their economic stability. To do this, Bretton Woods established The International Monetary Fund (IMF) and the World Bank. The IMF’s primary aim is to: foster global monetary cooperationachieve greater financial stabilityfacilitate international tradereduce unemployment and povertypromote sustainable economic growth...

When it comes to questions about having to work on a holiday and holiday pay, there isn’t one response that covers all workers. Some employees will get a holiday off from work (either paid or unpaid), others will have to work for regular pay, and some employees may be paid extra for working on the holiday. Here’s information on when employees have to work on holidays, when they don’t, and when employers are required to pay extra holiday pay....

The most common forms of homeowners insurance typically cover damages to roofs caused by falling tree limbs, hail, and wind. But a standard home insurance policy might not cover all roof leaks. Learn which types of roof leaks your homeowners insurance covers. Homeowners Insurance May Cover Roof Leaks Oftentimes, a standard homeowners policy will cover damages caused by roof leaks, but it will depend on what type of home insurance policy you carry and what caused the roof leak....

Learn what auto insurance you need and what you need to bring if you decide to visit our northern neighbor. Review Your Policy It is always good to review your policy to ensure you have the coverage you need. Going on a trip is the perfect time to do a review. You may not need to make any insurance changes to get into Cananda, but it is good to know what you need to have just in case....

Definition of a Hardship Sometimes a hardship is a matter of perception. A hardship is defined as a condition that is difficult to endure. It may involve a form of suffering. You don’t have to be living in a cardboard box under a bridge to have a hardship. You can be an NBA star like Ron Artest, who bought a home for $1.85 million in Loomis, CA, and later sold it as a short sale for $1 million....

In the United States, the president influences the process, but Congress must author and pass the bills. Congress has two types of spending. The first is through the annual discretionary spending bill process. It can also increase benefits payments in mandatory programs, which is more difficult because it requires a 60-vote majority in the Senate to pass. The largest mandatory programs are Social Security, Medicare, and welfare programs. Sometimes these payments are called transfer payments because they reallocate funds from taxpayers to targeted demographic groups....

Vehicle Factors Car insurance companies collect information on your vehicle to determine how much you need to pay for insurance. They may use your vehicle identification number (VIN) to access information, and they’ll ask you for information as well. Here are the vehicle factors that might determine your costs. Year: The year of your vehicle affects your insurance rate. New vehicles can be more expensive to insure because insurance companies base your rate on the car’s value....

The agencies made quick work of implementing the extensions, part of a vast economic plan Biden introduced early in his tenure. On Wednesday morning, the Biden administration released a list of priorities for the president’s first day in office that include extending relief for federal student loan debt and extending moratoriums on evictions and foreclosures. By Thursday, nearly all the applicable agencies had complied. The current order halting residential evictions has been extended until “at least March 31,” said Centers for Disease Control and Prevention director Rochelle P....

But if you have student loan debt, you might have some extra considerations when applying for an FHA mortgage. Here’s an overview of the FHA mortgage guidelines as they relate to student loans. FHA Mortgages Explained FHA mortgages are home loans offered by approved lenders and insured by the Federal Housing Administration (FHA). This insurance offsets lenders’ risk, allowing them to lend to borrowers who may not be considered ideal home candidates because of lower income or credit scores....

Who Is an Undocumented Worker? “Alien” is the IRS’s term for a non-U.S. citizen or undocumented immigrant. A few categories of people are identified as aliens. Resident Alien A resident alien is someone with a green card or a “substantial presence in the U.S.,” according to the IRS. One must be physically present in the United States for at least 31 days out of the tax year to qualify, and for at least 183 days during the current year and the preceding two tax years....

Financial Statements You Will Need You may need several different types of statements, depending on the requirements of your lender and your own technical expertise. The statements you will certainly need are: A startup budget or cash flow statementA startup costs worksheetA pro forma (projected) profit and loss statementA pro forma (projected) balance sheet Your lender may also want these financial statements: Sources and uses of funds statementBreak-even analysis Putting these Statements in Order First, work on your startup budget and your startup costs worksheet....

What Is a Trend in Commodity Trading? A trend means that prices are steadily moving higher or steadily moving lower over a period of time. It’s considered an uptrend if prices are rising, and it’s a downtrend when prices are declining. The reasoning behind following the trend is that prices are more likely to continue in the same direction than they are to reverse, so you shift the odds more in your favor....

Foreign currency CDs can offer yields that double traditional CDs in the U.S. Still, it’s important to understand their potential pros and cons, and how they are impacted by the volatility of currency markets. It’s also crucial to pay attention to other investments that may offer similar or even better returns with less risk than foreign CDs. How Foreign CDs Work Placing money in foreign CDs is simple, at least in theory....

Qualifying as an Injured Spouse To qualify as an injured spouse, you must not be legally liable for the debt in question, either in whole or in part. In most cases, this means that the debt is premarital—your spouse incurred it before you were married—but they might have incurred student loans for their own benefit while you were married. Common debts that can result in this type of offset include:...

Unlike a traditional resume, the functional resume does not highlight your chronological work history. Instead, it focuses on the skills you have developed that fit the requirements of the job for which you are applying. Functional Resume vs. Traditional Resume A traditional resume, also known as a chronological resume, emphasizes your work history. It includes a list of your work experiences. For each job you have held, you include the dates you worked, the job title, and the company....

On March 4, 2014, President Obama submitted the FY 2015 budget proposal to Congress. This was a month late according to the traditional budget process. But it didn’t delay the rest of the budget schedule for the year. On December 13, 2014, Congress passed its $1.1 trillion spending bill. It appropriated funding for the discretionary budget for the rest of FY 2015. But it only funded Homeland Security through February 2015....

International investors often dismiss Peru’s economy in favor of South American giants like Brazil, but in reality, the country’s little steps have resulted in robust growth. In the first nine months of 2014, Peruvian securities produced the highest returns among the corporate bonds of other countries in the emerging markets: 12% compared to a global average of 6.5%. Peru’s Growing Economy Peru’s economy was primarily state-controlled up until the 1990s, when Alberto Fujimori’s government ended price controls, removed the restriction of foreign investment, and sold most state ownership in private companies....

Luckily, the Affordable Care Act has given diabetics greater access to cheaper preventive health care plans, including Medicare and Medicaid, making it easier to get consistent treatment and support for managing Type 2 diabetes conditions and preventing the disease altogether. Here are some tips to get the best coverage, and what to look for when evaluating plans for diabetes. Where To Get Health Insurance If You Have Diabetes Diabetes should not prevent you from getting good health insurance coverage available in the health insurance marketplace....

Between 2020 and 2030, the BLS forecasts 11.9 million jobs will be added to the economy, bringing total employment to 165.4 million, up 7.75%. Part of that increase reflects the very low base in 2020, when the pandemic forced many businesses to shutter to slow the spread of COVID-19, and millions of workers lost their jobs. In April 2020, the unemployment rate spiked to 14.8% from 4.4% the prior month....

People spent more on cars, groceries, gas, sporting and hobby equipment, musical instruments, restaurant meals, and a host of other things, according to the monthly retail sales report from the Census Bureau. In fact, out of the 15 major categories tracked by the Census, the only ones that fell were personal health stores and appliance and electronics stores, which were beset by high prices and delivery delays. Overall, sales rose 0....