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IRS backs down and won’t require Social Security recipients to file tax returns for stimulus checks

IRS backs down and won’t require Social Security recipients to file tax returns for stimulus checks

Finance
shot of social security cardKameleon007People who receive Social Security benefits and who do not submit tax returns will not have to file in order to get a government stimulus check.The announcement by the Treasury Department and Internal Revenue Service on Wednesday night reverses earlier guidance that said those people would have to file simple returns in order to get paid."Social Security recipients who are not typically required to file a tax return need to take no action, and will receive their payment directly to their bank account," Treasury Secretary Steve Mnuchin said in a statement.The agencies will use information from Social Security beneficiaries' 1099 documents – Form SSA-1099 or Form RRB-1099 – for those individuals who do not have 2018 or 2019 tax returns on record."
Calm returns to markets after share turmoil

Calm returns to markets after share turmoil

Business
Stock markets in Europe have opened higher following Monday's plunge, when shares saw the biggest falls since the 2008 financial crisis.London's FTSE 100 share index rose more than 2% after having sunk 7.7% in the previous session.Markets were battered on Monday in reaction to the threat of an oil price war between Russia and Saudi Arabia.But after falling as much as 30% on Monday, oil prices also saw some recovery, with Brent crude rising 4%. The main share indexes in France and Germany were also up by more than 2% on Tuesday morning. The response has been a fairly standard one when it comes to stock market behaviour, said Kathleen Brooks, director at Minerva Analysis."Markets are so emotional, it...
Coronavirus: Fear returns to stock markets

Coronavirus: Fear returns to stock markets

Business
Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the coronavirus.London's FTSE 100 share index fell more than 3% and there were similar declines in other European markets.In the US, upbeat data on hiring and unemployment failed to buoy investors.The Dow Jones Industrial Average closed almost 1% lower, while the Nasdaq slumped 1.8% and S&P 500 ended down 1.7%.The monthly report from the US Labor Department found US employers added 273,000 jobs in February - significantly beating expectations - while the jobless rate fell back to near a 50-year low of 3.5%.The report also revised up estimates of job gains in January and December, finding 85,000 more than previously understood.The surveys, howe...
Ed Reed returns to Miami Hurricanes’ football program as chief of staff

Ed Reed returns to Miami Hurricanes’ football program as chief of staff

Sports
Jan. 30 (UPI) -- Pro Football Hall of Famer Ed Reed is returning to his alma mater and rejoining the Miami Hurricanes' football program. The school announced Thursday that Reed was hired as the chief of staff for the Hurricanes. The agreement will be finalized when the university completes a standard background check. "We are thrilled to welcome Ed back to Coral Gables," Hurricanes head football coach Manny Diaz said in a statement. "He is not only one of the most decorated players in Miami football history but also a devoted Cane who cares deeply about this program. All of our players, coaches and staff will be fortunate to tap into his experience, knowledge and passion on a regular basis." As the Hurricanes' chief of staff, Reed will serve in an advisory role to Diaz "in all aspects of...
Mummy returns: Voice of 3,000-year-old Egyptian priest brought to life

Mummy returns: Voice of 3,000-year-old Egyptian priest brought to life

Science
Media playback is unsupported on your device Scientists have fulfilled a mummified Egyptian priest's wish for life after death - by replicating his voice with artificial vocal chords.Nesyamun's voice has been reproduced as a vowel-like sound that is reminiscent of a sheep's bleat.The priest lived during the politically volatile reign of pharaoh Ramses XI, between 1099 and 1069BC.As a priest in Thebes, Nesyamun would have needed a strong voice for his ritual duties, which involved singing.When Nesyamun died, his voice fell silent, but 3,000 years on, a team of researchers have brought it back to life.They have done so by producing a 3D-printed voice box based Nesyamun's vocal tract, which was scanned to establish its precise dimensions. By usin...