About the Achieving a Better Life Experience (ABLE) Act

What is an ABLE Account?  The word “ABLE” stands f3or Achieving a Better Life Experience Act. An ABLE account is a tax-advantaged savings vehicle that can be established for a designated beneficiary who is disabled. The Internal Revenue Service released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people who become…

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City  of Carson anticipates a robust business expo in August

SouthBay Pavilion will once again be the center of Filipino-American trade expo THE Travel, Trade and Consumer Roadshow (TTC) is building up steam as the Asian Journal representatives make a courtesy call to the Mayor of the City of Carson, Albert Robles.  The leading officers of Filipino Chambers of Commerce lend their support, namely newly-elected South Bay…

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Predictive and Responsive: AI at CES 2019

Personalized technologies and data customized services help with enhanced decision making, recommendations and automated choices. The latest developments in Artificial Intelligence are on display at CES 2019 including a marketplace with more than 60 AI exhibitors.

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Japan’s ANA invests in Philippine Airlines

Japan’s largest airline, ANA Holdings Inc. is investing $95 million (P4.9 billion) in the holding firm of Philippine Airlines (PAL), the Philippine flag carrier said on Tuesday, January 29. PAL Holdings said the parent company of Japanese carrier All Nippon Airways (ANA) will acquire 9.5 percent of the company’s outstanding shares as well as shares…

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Why more seniors are filing bankruptcy

ACCORDING to a new report, the number of seniors filing bankruptcy is increasing rapidly. The average senior who files bankruptcy these days owes approximately $17,390 according to the report (Although I have to say that most seniors who come to me for debt help actually owe a lot more!). Some of the reasons mentioned are…

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New tax treatment of alimony

THE Tax Cuts and Jobs Act (TCJA) made changes to the tax treatment of divorces and legal separations in 2019 and beyond. Current rules: Under current rules, an individual who pays alimony can deduct alimony or separate maintenance payments. On the other hand, your beloved ex-spouse must have to report and pay tax on alimony…

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Three TCK Students Out to Make a Mark in the Business World

An Indonesian philosophy student, a Japanese business finance student, and a Filipino biochemistry student decide to form a team. What do the three have in common? A penchant for business and a determination to win the P&G CEO Challenge of 2019. Philosophy major Melissa Sugeng and biochemistry major Trixie Gomez were two regular friends attending…

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Utility company PG&E to file for bankruptcy

Does not expect customers to experience impact in services CITING potential liabilities from California’s recent wildfires that took place in the last two years, Pacific Gas and Electric (PG&E) said on Monday, January 14, that it intends to file for bankruptcy, calling the move its “only viable option.”  The announcement came just hours after news that…

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Remedies for retaliation after whistleblowing on employer misconduct

BRIAN Gruzalski worked as an airplane mechanic for FedEx. Stanley Langevin was his supervisor. Mark Collins was their manager. These three employees sued FedEx claiming that it retaliated against them after complaining that their employer violated the Federal Aviation Administration’s safety requirements by failing to properly repair its planes. During trial, the employees presented evidence…

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Filipino American Chamber of Commerce of Greater Los Angeles holds gala and induction of board officers

  THE Filipino American Chamber of Commerce of Greater Los Angeles on January 5, 2019 welcomed new Board Members Fiona Hilario and Atty. Jay Tiuleco, and Vice President for Marketing and President Elect for 2020 Annie Nepomuceno. Photo shows (L-R) Fiona Hilario, Doreen Remo, Connie Mapue (Secretary), Annie Nepomuceno (VP-Marketing), Lois Klavir (VP-Membership), Gemma Bergstrom,…

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CES 2019 Opens with Transformative Tech That Will Change Lives

Las Vegas, January 8, 2019 – CES® 2019 opens today, unveiling the latest transformative technologies that will redefine industries, improve lives and solve some of today’s most pressing global challenges. The world’s largest and most influential tech event features some 4,500 exhibiting companies, including a record 1,200+ startups, with more than 20,000 products launching this…

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Dealing with sexual harassment and retaliation at work

“ A hostile environment is created when unwelcome sexual conduct unreasonably interferes with an individual’s job performance or creates an intimidating, hostile or offensive working environment. Even if there is no threat of termination, the manager’s inappropriate conduct is enough to create either an offensive working environment or affects the co-worker’s job performance or both.”…

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Break the shackles of debt in 2019 

“  Yes, your credit score increases yearly after bankruptcy and you do get new credit cards and new credit lines. I just suggest that you pay off the cards completely every month. Don’t leave any balance outstanding. Otherwise, the balances start accumulating again, and you’re on the hook again.” BEST wishes and Happy New Year…

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Stock market benchmark indices

IF you plan to trade stocks, it helps to get an understanding of basic terms that are mentioned frequently on TV, radio,  and social media. There are three major indices: • Dow Jones Industrial Average • S&P 500 • Nasdaq Composite 1. Dow Jones Industrial Average is the oldest index, dating back to 1896. It…

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Are you feeling hopelessly stuck in debt?

A LOT of people who consult with me about their debt problems are going through the worst time of their lives. Unlike other problems in life that sometimes just go away on their own, debt problems will only get worse unless you do something about them. While dealing with debt and coming up with a…

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Legal financial plastic surgery

FIRST of all, let me wish everyone a MERRY CHRISTMAS! We celebrate the birth of our Lord and Savior, Jesus Christ. The divine became human as an expression of God’s love for humankind. Now what, pray tell does the title legal financial plastic surgery mean? Is this something hard to imagine? Not really. Plastic and…

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Important new legal protections for employees in 2018

HERE are some important laws that were created or that took effect in California in 2018 to continue to protect employees: CA Supreme Court Tightens Laws on Independent Contractor Misclassification The Supreme Court ruled that a worker is properly considered an independent contractor to whom employment laws does not apply only if the hiring entity…

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How to lose money in the stock market (Part 2 of 4)

Allow Your Emotions to Drive Your Trades: Remember the internet dot-com bubble in the 1990s? Many of these companies lacked fundamentals. Investors, afraid of missing out, joined the buying frenzy. And lost. Malo. What to do: Take emotions out of the equation when buying or selling stocks. Don’t fall in love with a stock. Don’t…

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