Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
By Rachelle Arizmendi With over 4 million people in the United States, Filipino Americans are the 3rd largest Asian American group in the county. In California, we are the largest Asian American group with 1.6 million. Although Filipino Americans have an average household income higher than the average US household income, there are many Filipinos living…
IT is no secret that the insurance industry wants claimants to be unrepresented in order to take advantage of them with lowball settlement offers and unfair denials of liability. For example, in nationwide class-action litigation, former Allstate employees testified that they were “trained to build rapport with customers and discourage them from hiring lawyers.” This…
California Supreme Court issues new ruling FOR two years, Jessica Ferra worked as a bartender for Loews Hollywood Hotel, LLC. Loews paid Ferra hourly wages as well as quarterly nondiscretionary incentive payments, which refer to payments for an employee’s work that are owed to employees based on a prior agreement or promise and dependent on…
Stock traders use fundamental analysis and technical analysis to buy stocks. Fundamental analysis involves looking at a company’s business metrics such as revenue, earnings and debt. Technical analysis involves looking only at a stock’s recent price movements and identifying buy and sell signals in its chart. Technical analysis identifies price trends and chart patterns. Technical analysts believe past…
The CARES Act is federal legislation that was adopted after the pandemic to help our country and people survive the pandemic created unemployment, businesses losses and financial hardship. It provided for the much-needed stimulus package, the PPP loans for businesses to protect wages, and pandemic unemployment benefits for those who lost their jobs due to…
DO you have sleepless nights worrying about your credit card debts? Are you feeling hopelessly trapped with no way out? If you are up to your eyeballs in credit card debt and have no way of paying back what you had borrowed, a lot of things may be going through your mind at the moment….
Growth stocks are expected to grow sales and earnings at a faster rate than the market average. Growth stocks have a history of strong revenue growth and projected strong revenue growth and strong earnings. Growth stocks have the potential to outperform the overall market over time because of their future potential. Growth stocks often look…
Q: I work for a mid-size company in Los Angeles. Because of the COVID pandemic, I, together with half of our work force, worked from home for over a year. Now, we are returning to the worksite. However, management has told us that there will be a “reorganization” and some employees will not be asked…
A PEDESTRIAN is crossing a typically busy street in a marked mid-block crosswalk. A car approaching the crosswalk in the slow lane sees the pedestrian crossing and stops for the pedestrian. This car blocks the view of another car approaching the crosswalk in the fast lane. There is no stop. The driver of the car…
A PEDESTRIAN is crossing a typically busy street in a marked mid-block crosswalk. A car approaching the cross walk in the slow lane sees the pedestrian crossing and stops for the pedestrian. This car blocks the view of another car approaching the crosswalk in the fast lane. There is no stop. The driver of the…
IF you are in debt and are seriously considering bankruptcy as an option, I am sure a lot of thoughts are going through your mind. I just want to get out of debt and start a new life but how quickly can I recover from bankruptcy? What are the different types of bankruptcy available? How…
Investors who use fundamental analysis are often broken into two categories: Value investors place a higher priority current stock price. Growth investors place a higher priority on the future prospects. Let’s discuss Value investing now and explore Growth next week. Value stocks are companies that are currently trading below what they are really worth. Value investors seek out larger,…
TYPICALLY, traumatic brain injury cases arise in personal-injury cases involving the negligence of a third person. These types of cases arise from motor-vehicle accidents, vehicle-pedestrian accidents, injuries arising from a defective product, bicycle and motorcycle accidents. The thought before was that if a person does not lose consciousness, they could not have suffered brain injury….
THE debtor is 50, while the spouse is 48. They have two children — a son aged 18, and a daughter aged 16. The son is about to go to college out of state. The daughter is about to graduate from high school and applying for college in state. They expect that once the son…
Q: Four weeks ago, I was fired from work. My employer told me my last paycheck will be mailed to me by next payday. I have not received it yet. When I called the company to ask where my check is, I was told it was on the way. I waited again but still no…
By Mark Hedin/Ethnic Media Services AMID the COVID-19 global pandemic, California has led the way in establishing a variety of supports to help people through a time of increased needs and reduced earnings. At a town-hall meeting hosted by the Los Angeles County Office of Immigrant Affairs (OIA) and Ethnic Media Services on June 24,…
BEING in debt and doing nothing about it can have more serious consequences than you think. First of all, it can impact your financial future. Uncontrolled debt can deprive you the opportunity to put money aside for emergencies, save money for a home or college for your children, or perhaps for retirement. Every day I…
THERE seems to be a misconception in the general public that you can only obtain a divorce in California if your spouse will sign the divorce papers. I get this question a lot from our family law clients. The fact is that California is a no fault state and you do not need your spouse’s…
Q: MY job title is “manager.” I work at least 10 hours per day, 6 to 7 days per week. While I supervise a few employees, I mostly do the same tasks they do. I cannot hire or fire anyone. My employer insists that since I am salaried and paid double the hourly minimum wage,…
HOW do you pick stocks to buy? Well, it depends on your overall strategy: short or long-term holding, value or growth, your aversion to risk, among other things. For now, let’s talk about the length of time you plan to hang on to your holdings — short or long term. Short-term traders hold stocks for one…
DOES this sound right? It’s almost incredible, but it’s true. California Governor Gavin Newsom signed Assembly Bill 1885 into law and it is the current law on homestead exemptions effective in 2021! This is monumental because the old law provided the following homestead exemptions: If single, $75,000. If below 65 with another family member in…
AS we all know, California has the perfect weather and scenery for those of us who enjoy riding bicycles. Besides using bicycling as a form of exercise, it is also environmentally friendly. California communities are leading the charge in promoting the use of bicycles for short trips rather than cars by creating bicycle-friendly streets and…
Fil-Am’s podcast helps with giant retailer’s aim to serve communities better JOANNE Tabellija-Murphy vividly remembers one of her mentors who once told her that she will be happiest in her career journey if she sought roles that filled her heart. Armed with that, she looked for the things she was passionate about and learned how…
A STOCK is overvalued when its price can’t be justified by its fundamentals and earnings outlook. Overvalued stocks are risky and subject to selloffs. Specifically, stock is overvalued stocks when: P/E ratio over 50. PEG ratio over 3. P/S ratio over 10. P/B ratio over 10. Price/Free Cash Flow ratio greater than 50. D/E ratio…
Q: MY work requires personal interaction with several people on a daily basis. We are getting back to the worksite after working from home for over a year. My employer sent a company-wide memo saying that employees must be vaccinated to return to work. I am not sure I want to get the vaccine. Can…
A postnuptial agreement is a contract between you and your spouse entered into after you get married resolving issues in your marriage. It is similar to a prenuptial agreement except it occurs after your marriage. For couples that get married without a prenuptial agreement, it is not too late to have an agreement dealing with…
IS there a constitutional right to file for bankruptcy? Yes, there is. The United States Constitution adopted 250 years ago provides for the creation of bankruptcy courts and the power to administer them. Our founding fathers believed that people should be given a chance to have a fresh start in life to become productive again…
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…
Unemployment benefits are fully taxed by the IRS. However, the recent American Rescue Plan makes the first $10,200 of unemployment benefits tax-free for 2020. President Joe Biden signed the Plan into law as of March 11, 2021. At that time, millions of Americans had already filed their taxes without knowledge of this new tax break….
THIS is one thing I hear from people all the time: “If you ask me, I really hate doing this, but I feel I have no choice.” Of course, no one ever wakes up one morning and decide to just file bankruptcy without seriously thinking it over. Usually, people spend a lot of time going…
