Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Per county ordinance, employers in unincorporated areas of LA County must pay workers at least $15.96 an hour THIS past July 1, an ordinance within Los Angeles County that slightly raised the minimum wage took effect, increasing to $15.96 within unincorporated areas of Los Angeles County and $16.04 within the city of Los Angeles. The…
LIFE just happens. Sometimes even the best laid plans can go wrong. How do you respond when this happens to you? Do you easily give up when you’re overwhelmed? Remaining calm can be difficult when things are chaotic and so the usual reaction is panic. Bankruptcy can be a lifesaver for people who are at…
THINKING about one’s demise is not something people want to spend time thinking about. However reality is that we all have to face this one day. It is just a matter of whether you depart this world prepared or unprepared. If you pass away with at least $184,500 in gross assets and you do not…
THE constitution of the United States of America allows bankruptcy to its citizens and residents to allow them to become productive again if they are saddled with accumulated debt. The Supreme Court calls Chapter 7 bankruptcy a “the fresh start.” You may have good income but debt repayment could be eating up all of your…
Q: MY employer brought me to America to work as live-in nanny for their youngest child. I would be paid $1,000 per month with weekends off. When we arrived in Los Angeles, my employer took my passport. I was then made to work 7 days a week, up to 16 hours per day, taking care…
Las Vegas – U.S. Senator Catherine Cortez Masto (D-Nev.) hosted a roundtable on Wednesday, August 31 with Asian American and Pacific Islander community leaders in Las Vegas to discuss how the Inflation Reduction Act will lower health care costs, create good-paying clean energy jobs, and combat climate change. Senator Cortez Masto and participants discussed the cost-cutting provisions…
Considering bankruptcy is often the last option for most people in attempting to resolve their debt problems. Realizing the conditions for bankruptcy, the kinds of debts that may or may not be discharged, as well as the effects it can have on one’s credit report, may help people make the right decision when considering bankruptcy….
Parents that are going through divorce and legal separation sometimes have to make a decision to move out of state for various reasons. It may be because their family network is in another state. This decision often have a significant impact on the visitation of the other parent because it would be more difficult for…
California lawmakers voted unanimously this month to pass Senate Bill 836, which reenacts and expands the provisions of an existing law (SB 785) signed by former Gov. Jerry Brown in 2018. That law prohibits the disclosure of a person’s immigration status in open court unless the judge determines (in a private hearing) that the immigration status…
Parents that are going through divorce and legal separation sometimes have to make a decision to move out of state for various reasons. It may be because their family network is in another state. This decision often have a significant impact on the visitation of the other parent because it would be more difficult for…
THE client’s company filed for Chapter 7 relief as it was bankrupt. It had two warehouses and rent for one was $15,000 a month, the other $20,000 a month. The original business started 12 years ago when the client had a partner. They imported merchandise from Asia and distributed them here in the USA. For…
Commissioner-sponsored bill for restitution for victims of insurance scams passed state legislature SACRAMENTO — Insurance Commissioner Ricardo Lara on Thursday, August 18 issued Public Service Announcements (PSAs) to warn California consumers and businesses about insurance scams involving unlicensed sellers of insurance, including robocalls selling extended vehicle warranties. The California Department of Insurance (Department) estimates that unlicensed activity…
AHEAD of the contentious midterm elections, United States President Joe Biden secured a major victory for his administration by signing the Inflation Reduction Act, the long-awaited bill that, among other things, caps prescription drug costs for Medicare recipients. “The American people won, and the special interests lost,” Biden said, referencing Big Pharma companies that lobbied…
Amanda Frlekin and others worked for Apple Inc. as retail store employees in California. Apple imposed mandatory searches of employees’ bags, packages, purses, backpacks, briefcases, and personal Apple technology devices. Apple employees are required to clock out before submitting to the exit search. Failure to comply with this policy may lead to disciplinary action, up…
AT 90 years old, this senior was my oldest client. Everything came crashing down on him during his golden years, unfortunately. He had a business, which looked like it never made money but he kept on doing the business just because it gave him something to do every day. So, he had $34,000 in credit…
THINKING about one’s demise is not something people want to spend time thinking about. However reality is that we all have to face this one day. It is just a matter of whether you depart this world prepared or unprepared. If you pass away with at least $184,500 in gross assets and you do not…
IN partnership with the Philippine Consulate General in San Francisco and the Philippine Trade and Investment Center in Silicon Valley, Dynamico Space held two Startup Pitch Nights on July 27-28, 2022 at the Philippine Center in San Francisco. Dynamico CEO JR Calanoc hosted two hybrid (online and in-person) sessions at Dynamico Space on Sutter St….
Facing difficult financial times can be a frightening thing for a lot of people. When bill collectors are hounding you, at some point, you realize that something must be done but you just don’t know where to begin or where to go for help. Often, options can also be confusing unless you get the right…
JAMES Karl signed a sales associate agreement classifying him as an independent contractor with Zimmer Biomet Holdings, Inc. a company that designs, manufactures, and markets medical products. Karl sold orthopedic devices in the San Francisco Bay Area. He and his team were paid by commissions. Karl’s time was spent primarily on demonstrating the products, setting…
By Pilar Marrero/Ethnic Media Services Los Angeles County is getting ready to launch a project that could lower existing barriers to building much-needed affordable housing in the region. The model, already in use in other cities, would allow the county to purchase and hold land, keeping it out of the speculative market while housing is…
AT 90 years old, this senior was my oldest client. Everything came crashing down on him during his golden years, unfortunately. He had a business, which looked like it never made money but he kept on doing the business just because it gave him something to do every day. So, he had $34,000 in credit…
Parents who are going through divorce and legal separation sometimes have to make a decision to move out of state for various reasons. It may be because their family network is in another state. This decision often have a significant impact on the visitation of the other parent because it would be more difficult for…
Remembering those first few paychecks you received for a summer job, babysitting gigs, or an allowance from your parents brings back the nostalgia of simpler times. Fast-forward to today, and your kids are probably going through a very similar moment in time. “Kids start learning about money at an early age and by the time…
AS a business owner, you understand that cash is the life blood of your business. It is a precious commodity that cannot be ignored and must be used effectively. Shortage of cash could be your first sign that your business is in trouble. You could be profitable, but without cash, you’re not going to have…
The United States announces Dominic Ng, Chairman and CEO of East West Bank, who was appointed as a U.S. member of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) on April 25, will serve as the Chair during the United States’ APEC host year in 2023. In this role, Mr. Ng will work closely…
Q: I worked for many years for a company in Los Angeles. During the last year, I have felt that the company is no longer a good place for me to continue working at. I want to leave. When I talked to my boss, I was offered a severance package and asked to sign a…
IF you are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies, and solutions. The choices seem confusing to the average consumer. The truth is that every situation is different and what may work perfectly for others is not necessarily going to work the same way…
THE client is 50 and has two grandchildren living with her who are teenagers still in high school. She is married but separated. She is not divorced from her husband. They still live in the same house but they no longer treat each other as husband and wife. She takes care of her two grandchildren…
ONE of the biggest problems of millennials and Gen Z are educational cost and student loan debt. This eats up a large part of a household’s budget even among married couples. However, what happens to all the money paid towards one spouse’s education and student loans if the marriage fails and leads to divorce? Well,…
WASHINGTON D.C. – In commemoration of its 10th anniversary, the Filipino Young Leaders Program (FYLPRO) held a reunion dinner at the Philippine Embassy Chancery Annex last July 22. The event was attended by FYLPRO Officers, members, alumni, partners, Embassy officials, FYLPRO mentees, and other supporters. Chargé d’Affaires a.i. Jaime Ramon T. Ascalon, Jr. congratulated FYLPRO…
