As social values and attitudes shift, estate planners may find that inheritors don't want the heirlooms their elders want to pass on to them. Appraiser Elizabeth Stewart suggests strategies that may satisfy parents and children, and possibly result in tax breaks.
The increased demand for warehouses and distribution centers is an indication that e-commerce is growing, while commercial retail development will continue to slow in the Midwest, says Laird Goldsborough of Valbridge Property Advisors. Vacant big-box buildings are likely to transition into office and warehouse space, among other uses, he says.
Health insurance premiums are likely to increase again in 2019, and more insurers will leave the Affordable Care Act market, according to a report from the Urban Institute and Georgetown University's Center on Health Insurance Reforms. Federal policies on cost-sharing reduction payments, the removal of the individual mandate and the sale of short-term and association health plans are contributing to uncertainty in the market, said a report author.
Legal experts say the death of a pedestrian struck by an autonomous Uber vehicle in Tempe, Ariz., on Sunday could have implications for legal liability in crashes that occur when a human is not operating a vehicle. Litigation over crashes involving self-driving vehicles could hinge on design-defect claims instead of driver negligence, according to experts.
A PCI survey identified Houston, Dallas, Chicago, New York City and Los Angeles as the municipalities where drivers face the worst towing-related "hassles," while Texas, Illinois, California, Pennsylvania and New York ranked worst among states. PCI also offers a checklist of drivers' rights when a vehicle is being towed, including their right to refuse a tow and to ask to view a valid towing permit.
A crest of subtropical moisture called a "pineapple express" is on track to hit California, where authorities have issued evacuation orders for about 30,000 people in Santa Barbara County and 2,400 in Ventura County. The storm appears likely to bring several inches of rain, posing a risk of flooding and debris flows, particularly in areas where wildfires have burned away vegetation.
A fourth major storm in three weeks is expected to slam the Mid-Atlantic and Northeast with powerful wind and a foot or more of snow in some places. The nor'easter is forecast to drop much of its snow in Delaware, Maryland, New Jersey and eastern Pennsylvania today before moving into Massachusetts on Thursday.
The National Highway Traffic Safety Administration has taken no steps to require seat-belt reminders for rear-seat passengers in the six years since Congress approved legislation instructing NHTSA to do so. NHTSA expects to make its first efforts toward developing the rules in October, a spokesperson said.
Heidi King, acting head of the National Highway Traffic Safety Administration, said during a Senate committee hearing on Tuesday that "there are positive signs" in the recalls of 50 million Takata air-bag inflators. The company's defective inflators have been linked to 22 deaths worldwide, 13 in the US, along with 180 injuries in the US.
The stock prices of publicly traded health insurance companies rose 272% from 2014-2018 under the Affordable Care Act, according to a report from the White House's Council of Economic Advisers. The report could affect subsidy negotiations that are taking place as part of the major spending bill, but industry officials say stock-price growth is not a good gauge of success under the law and nonpublicly traded companies note they are struggling in certain states.