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General Electric is under such financial stress that new CEO Larry Culp is slashing the troubled conglomerate's 119-year-old dividend to just a penny a share.GE revealed on Tuesday worse-than-expected results and a billion accounting writedown for its beleaguered power division. Culp plans to split up the power division to accelerate a turnaround.The company also announced that the SEC and Justice Department are investigating the charge, which reflects the deterioration of businesses GE has acquired. The news adds to GE's mounting legal problems and helped send the stock to a nine-year low in volatile trading.In a bid to fix GE's debt-riddled balance sheet, Culp announced the company will cut its quarterly dividend from 12 cents a share starting in 2019. By paying just a token dividend, GE (GE) will save about .9 billion of cash per year.Analysts had been anticipating a potential dividend cut, though not one of this magnitude.It's an especially painful move for a company that long viewed its stable dividend as a source of pride. But years of bad decisions forced GE to halve its dividend last November for just the second time since the Great Depression. The dividend cuts deal a blow to the many GE retirees and mom-and-pop shareholders who long relied on the cherished payouts."We are on the right path to create a more focused portfolio and strengthen our balance sheet," Culp said in a statement.Culp, who was suddenly named CEO on October 1, acknowledged during a conference call "this is not a quarter that we're particularly proud of." 1572
Here's something scary: Even if you have the legal right to vote and have done everything to prepare yourself for Election Day, you could still be turned away at the polls.In recent years, almost two dozen US states have implemented laws that impose new restrictions on voting, which critics say disproportionally affect minority voters.The stricter laws stem from a 2013 Supreme Court decision that struck down parts of the 1965 Voting Rights Act, which required the approval of the Justice Department before states made any changes to their voting laws.In the last five years at least 23 states have placed restrictions on voting by closing polling places, cutting early voting, purging ineligible voters from electoral rolls and imposing stricter voter ID laws, reports the federal Commission on Civil Rights.With midterm elections around the corner and early voting already underway, it can be a tricky situation for thousands who are just looking to legally exercise their civic right as American citizens.But no matter what unexpected issues you encounter at your polling place, there are ways to make sure your vote gets in safely. Here are some tips. 1166

Here's something scary: Even if you have the legal right to vote and have done everything to prepare yourself for Election Day, you could still be turned away at the polls.In recent years, almost two dozen US states have implemented laws that impose new restrictions on voting, which critics say disproportionally affect minority voters.The stricter laws stem from a 2013 Supreme Court decision that struck down parts of the 1965 Voting Rights Act, which required the approval of the Justice Department before states made any changes to their voting laws.In the last five years at least 23 states have placed restrictions on voting by closing polling places, cutting early voting, purging ineligible voters from electoral rolls and imposing stricter voter ID laws, reports the federal Commission on Civil Rights.With midterm elections around the corner and early voting already underway, it can be a tricky situation for thousands who are just looking to legally exercise their civic right as American citizens.But no matter what unexpected issues you encounter at your polling place, there are ways to make sure your vote gets in safely. Here are some tips. 1166
Good people of America, the lottery jackpots need to be stopped. They are getting too powerful.Tuesday's Mega Millions drawing is worth 7 million (its largest ever), and Wednesday's Powerball jackpot stands at 5 million.The reason these jackpots have ballooned to such monstrous proportions is that, well, no one has won in a while. According to a release from Mega Millions, the last Mega Millions jackpot was won July 24, netting 11 co-workers a combined 3 million. The last Powerball jackpot, which totaled 5.6 million, was won August 11 by a man in Staten Island, New York.Believe it or not, this week's combined billion-dollar haul is not the biggest prize in the lottery's history. That honor goes to a 2016 Powerball jackpot, which clocked in at .586 billion (although it was shared by three winners).Of course, the actual amount you'll win is considerably less than a billion dollars, not just because of taxes and annuities and fine print things. The amount you will win is likely Honored to have served @realDonaldTrump and the American people during these difficult times. pic.twitter.com/xT1hRoYBMh— Scott W. Atlas (@ScottWAtlas) December 1, 2020 176, because the odds of winning either jackpot are one in several hundred million.Sure sure, someone needs to win eventually, we know. But it's not going to be you.**OK, almost certainly not. But cheer up! There are often secondary prizes to these huge drawings that can be worth millions of dollars, and a shocking amount of them go unclaimed -- probably because people get too focused on the biggest possible way to win. 1435
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