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New research shows women are more optimistic about aging and retirement than ever.Jane Lafave is using retirement to follow her passion. She volunteers at a refugee resettlement agency, making sure people are prepared when applying for jobs.Ironically, it took her leaving her job, to be able to do this.“My whole career really was balancing my children and my husband, you know, my work and all that kind of thing,” Lafave says.Lafave spent decades working as a certified public accountant, and she retired at the age of 57.“It was just time,” she says. “I needed more time and space in my life to do things other than work.That led her to the Ignatian Volunteer Corps, which placed her at the African Community Center.For two days a week, she helps refugees adjust to life in a new country.“This is just a great gift for me to serve other people who have had a much harder life than I’ve had,” Lafave says.Lafave isn't alone.A new survey from TD Ameritrade found women are increasingly viewing their retirement years with optimism.“The Women and Aging Survey” found 62 percent of women said retirement will be, "the most liberating phase of my life," and 72 percent said after years of focusing on others, aging finally gives them an, "opportunity to focus on myself." Eighty-three percent said aging provides a fresh chance to "reach new goals."Nearly 9 of 10 women surveyed said, 'it's important to me to retain a sense of higher purpose as I age.“I feel that this is my time in life to give back,” Lafave says.That's what she is doing here.“I think that's one of the gifts of age is that we've become much more aware of purpose and the time is short and we need to use it.” 1686
NEW YORK (AP) — A presidential campaign that was already tugging at the nation’s most searing divides has been jolted by the death of Supreme Court Justice Ruth Bader Ginsburg. It represents a seismic shift in a race that had been defined by a pandemic, economic uncertainty and civil unrest. Democrats and Republicans on Capitol Hill began sparring almost immediately over when to replace the former justice. But the political shockwaves were only just beginning to ripple across battleground states, where high-stakes Senate races were suddenly supercharged and presidential operations were forced to rethink their messaging just over six weeks until Election Day — and with early voting already underway in five states. 730

NEW YORK (AP) — New York state says Deutsche Bank has agreed to pay 0 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein. The penalty was announced in an agreement Tuesday by Superintendent of Financial Services Linda A. Lacewell. “Banks are the first line of defense with respect to preventing the facilitation of crime through the financial system, and it is fundamental that banks tailor the monitoring of their customers’ activity based upon the types of risk that are posed by a particular customer,” Superintendent Lacewell said in the press release. “In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the Bank itself deemed to be high risk. In the case of Jeffrey Epstein in particular, despite knowing Mr. Epstein’s terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions.”The release said the agreement marked the first enforcement action by a regulator against a financial institution for dealings with the financier. Epstein killed himself last August in a Manhattan federal jail while awaiting trial on sex trafficking charges. In a statement, the German bank said the settlement reflected its cooperation. Deutsche Bank CEO Christian Sewing addressed the bank's staff in a press release stating that taking Epstein on as a client in 2013 "was a critical mistake and should never have happened.""I would like to thank our colleagues involved for their determined handling of these cases and the internal investigations, which the DFS acknowledged as 'exemplary,'" Sewing said in a press release. "At the same time, we all have to help ensure that this kind of thing does not happen again. It is our duty and our social responsibility to ensure that our banking services are used only for legitimate purposes. That's exactly why we should always examine things critically, ask questions, and speak up. I also recommend that you read the DFS consent order and the client Q&A so that we are aware of our mistakes and learn the appropriate lessons from the past."It said it has significantly boosted its anti-financial crime capabilities.The state also found that other payments went to Russian models and for women’s school tuition, hotel, and rent expenses, as well as suspicious cash withdrawals — in total, more than 0,000 over approximately four years. 2490
Nestled along the edge of Lake Champlain, where Vermont and New York meet, is the kind of place postcards aspire.Beautiful farmlands like Seth Lapidow’s sit in Shoreham, Vermont. But while there are some animals on Lapidow’s farm, he’s a very different kind of farmer.Late last year, this 62-year-old farmer gave up his multimillion-dollar New York City law firm, to begin a start-up CBD farm. Things grew almost as quickly as the cannabidiol plants that surround his property.“At the end of 2019, we had a solid year. We had a solid year,” said Lapidow, while looking out toward the apple orchards that surround his property.But when COVID-19 struck, the farm had to shut down for two months. There was no harvesting and no retail sales. Even months after the shutdown, there are still streams of revenue for this farm that have disappeared completely.“People stopped paying their bills. I don’t know what the murder rate of my customers is. I don’t know how many are gone for good,” Lapidow said.After initially laying off all his employees, he has been able to rehire most of them. Sales are still down year-to-year, but COVID is giving some in the industry an unexpected boost.Researchers at Augusta University in Georgia have found new evidence that cannabis-derived CBD may help those suffering from severe lung inflammation that occurs in more serious cases of COVID-19.Legally, because it's not FDA approved, Lapidow can't make claims about what his products do. But many of his customers are using CBD creams, pills, and even bath soaps to help deal with the anxiety so many of us are feeling during the pandemic.“It just binds to receptors in your system and seems to balance things out for a lot of people,” he noted.As for Vermont Pure CBD, they, like so many other small businesses, are just trying to be creative preparing for how COVID-19 might change the landscape of their farm. 1903
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
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