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Equal pay activist Lilly Ledbetter wants to meet with Ivanka Trump

Equal pay activist Lilly Ledbetter wants to meet with Ivanka Trump

Finance
Why does the gender wage gap still exist?Lilly Ledbetter vividly remembers the day someone tipped her off to the fact that she was making around 50% less than her male colleagues — for the same job. For 19 years, Ledbetter worked as a manager at Goodyear Tire and Rubber. Then one day in 1998 she received an anonymous note in her mailbox at work. On it was her name and salary along with the names and salaries of three male colleagues with the same job title.She was stunned. "I was so devastated and so embarrassed," recalled Ledbetter. "I remember looking around to see if I could see someone looking at me to see my reaction." Her monthly base pay was $ 3,727, and she said her three male counterparts were making closer to $ 6,000. Ledbetter sued Goodyear in 1999 for gender discrimination. S
12 biggest scams to watch out for this tax season

12 biggest scams to watch out for this tax season

Finance
Crooked tax return preparers may take advantage of legitimate credits by applying them in situations where they are not applicable.That goes for two credits, in particular: the research credit and the fuel tax credit, according to the IRS.The research credit is aimed at encouraging individuals to invest in research. But some tax filers stretch the credit to apply to unqualified research or research expenses.The fuel tax credit was created for off-highway and farming uses. Most taxpayers are not eligible to use it, yet it still shows up erroneously on some returns.Misusing both credits will result in penalties.Take note: If your tax preparer makes the improper claim, you, the taxpayer, are still on the hook to pay the consequences.Let's block ads! (Why?) Personal Finance
Deutsche Bank chairman reveals why John Cryan was ousted as CEO

Deutsche Bank chairman reveals why John Cryan was ousted as CEO

Finance
Deutsche Bank's outgoing CEO John Cryan was taking too long to revamp and revive the German lender, according to the bank's chairman.The German bank decided Sunday to appoint a new chief executive officer, Christian Sewing, its fourth leader in six years. Deutsche Bank has been struggling over the last few years, posting a 497 million euro ($ 612 million) loss for 2017, compared to the 290 million euro loss that Reuters analysts had estimated. This marked the third consecutive annual loss for the bank.Paul Achleitner, the chairman of the bank's supervisory board, told the Frankfurter Allgemeine Zeitung late Monday that Cryan had undoubtedly made a name for himself with Deutsche Bank and made many big decisions. But, he added that the speed at which the board made decisions and enforced the...
Self-employed pie in home loan grows, so do defaults

Self-employed pie in home loan grows, so do defaults

Finance
A subdued loan demand from businesses is increasing competition in home loans, leading to a rise in the number of self-employed individuals getting mortgages. Home loans to self-employed accounted for 30 per cent of mortgages in fiscal 2017-18 as against 20 per cent earlier. But the flip side is that delinquencies are also rising. Gross non-performing assets (NPAs) in the segment are estimated to have inched up by 40 basis points (100bps = 1 percentage point) to around 1.1 per cent by the end of fiscal 2018, compared with about 0.7 per cent a few years back. According to a report by ratings agency Crisil, home loans to the self-employed segment have been growing at a compounded annual growth rate of 33 per cent in the past four years compared to overall 20 per cent expansion in housing fin...