Madison Business – HSMC Ohio http://hsmcohio.com/ Mon, 26 Sep 2022 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://hsmcohio.com/wp-content/uploads/2021/04/default-150x150.png Madison Business – HSMC Ohio http://hsmcohio.com/ 32 32 City Council Members Propose Modest Initial Changes to Mayor’s Capital Budget https://hsmcohio.com/city-council-members-propose-modest-initial-changes-to-mayors-capital-budget/ Mon, 26 Sep 2022 00:00:00 +0000 https://hsmcohio.com/city-council-members-propose-modest-initial-changes-to-mayors-capital-budget/ Dean Mosiman | Wisconsin State Journal City council members proposed modest initial changes — and no new funds to fill a funding gap for Madison‘s public market — to Mayor Satya Rhodes-Conway’s record $368.4 million capital budget. for 2023. The initial set of 10 amendments to be considered by the city’s finance committee on Wednesday […]]]>

City council members proposed modest initial changes — and no new funds to fill a funding gap for Madison‘s public market — to Mayor Satya Rhodes-Conway’s record $368.4 million capital budget. for 2023.

The initial set of 10 amendments to be considered by the city’s finance committee on Wednesday will provide $250,000 to support accessible taxis, $200,000 for small business grants in an additional tax funding (TIF) district on State Street and $850,000 for citywide flood mitigation.

Two other changes would delay engineering projects and save money in 2023.

But the proposed changes do not include additional money to help fill a $5.2 million funding shortfall revealed earlier this month that will, at a minimum, delay construction from November until early spring and could completely threaten the project of the public market.

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In August 2022, Madison selected three finalists in its Lake Monona Waterfront Design Challenge, aiming to create a “visionary, inclusive and environmentally focused master plan” for 1.7 miles of shoreline and 17 acres of Madison’s first public lake. . Planners are looking for designs that can better connect neighborhoods and residents to the lake, improve water quality, and preserve the cultural history of the lake. Take a brief tour of this stretch of shoreline, which stretches from Williamson Street to Olin Park.



The mayor and members of council will, however, have another chance to propose amendments during the final review of the capital and operating budgets in November.

Aldes. Erik Paulson and Charles Myadze want to borrow $250,000 next year to establish a grant program for licensed private taxi companies to purchase accessible vehicles to increase the availability of “on-demand” accessible taxis in the city . The amendment directs staff to devise a plan in early 2023 for board approval and implementation in the second half of the year.

Aldus. Mike Verveer, 4th District, and two others offered another $200,000 loan in TIF to provide additional funding to meet demand for small business grants. Funds could also be used to support planning activities and furniture repairs and upgrades on State Street.


Rapid Transit Bus, Library, Housing Drive Madison Mayor's Record $368.4 Million Capital Budget

And Ald. Bill Tishler, 11th District, proposed to spend $850,000 to design and construct the culvert replacement on Orchard Street and extend a culvert across the drainage route, as well as fund the construction and restoration of the maintenance road in the damaged Robin Greenway.

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Madison County Receives Recycling Award https://hsmcohio.com/madison-county-receives-recycling-award/ Sat, 24 Sep 2022 00:18:10 +0000 https://hsmcohio.com/madison-county-receives-recycling-award/ The Madison County Household Hazardous Waste Collection Facility was honored for its efforts as it nears its first year of operation in October. Madison County Building and Zoning received an award from the Illinois Recycling Foundation at its conference in Joliet for its pursuit and achievement of opening a permanent household hazardous waste collection facility. […]]]>

The Madison County Household Hazardous Waste Collection Facility was honored for its efforts as it nears its first year of operation in October.

Madison County Building and Zoning received an award from the Illinois Recycling Foundation at its conference in Joliet for its pursuit and achievement of opening a permanent household hazardous waste collection facility.

“There hasn’t been an RDD site opened in Illinois in the past 20 years,” Madison County Building and Zoning Administrator Chris Doucleff said. “This is a great achievement for Madison County as we continue to set the benchmark for resource management practices in southern Illinois.”

The collection facility located at 249 N. Old St. Louis Road in Wood River allows all Illinois residents to drop off household hazardous waste free of charge on the first Saturday and third Friday of each month. The facility is one of the few such sites in the state and the first permanent household hazardous waste collection facility in southern Illinois.

The facility provides opportunities and services for local communities to dispose of their toxic waste responsibly.

“This helps keep harmful chemicals like gasoline, antifreeze and other toxic chemicals from entering local waterways and waste streams,” Doucleff said. “With the opening of this facility, the county was able to quadruple its annual number of hazardous waste collection in its first year alone.”

Doucleff said the site recently had to limit its collection services when an incinerator fire in Ohio suspended acceptance of some items. Items temporarily suspended include pesticides, herbicides, fertilizer/lawn chemicals, pool chemicals, and medications. Drugs can still be dropped off at local sheriff’s offices and police stations.

“The Building and Zoning Department has mitigated these service interruptions by limiting the items accepted for drop off while keeping their doors open for all other acceptable materials,” Doucleff said.

He said the public should review the updated list of prohibited items to ensure items brought in to be dropped off will be collected. Residents with temporarily suspended items should keep them safely in their original manufacturer’s containers until HHW collections fully resume.

Through its partnership with the Illinois Environmental Protection Agency, which funds transportation and disposal, the Maadison County Building and Zoning Department is able to reduce the financial burden on taxpayers while providing more opportunities for waste disposal and improved collection services for local communities.

Items currently accepted for deposit include oil-based paints, cleaning solvents, paint thinners, hobby chemicals, antifreeze, motor oil, old gasoline, household batteries, items containing mercury (i.e. thermostats, thermometers), lead acid batteries and fluorescent lamps.

Materials not accepted are latex paint, used tires, used/empty propane tanks, ammunition, agricultural waste, explosives, fireworks, fire extinguishers, smoke detectors, oil agricultural machinery, commercial or biohazardous waste.

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Unemployment rate in the county at 3.9% https://hsmcohio.com/unemployment-rate-in-the-county-at-3-9/ Thu, 22 Sep 2022 02:20:00 +0000 https://hsmcohio.com/unemployment-rate-in-the-county-at-3-9/ The unemployment rate in the Utica-Rome region fell from 4.9% in August 2021 to 3.9% in August 2022. The unemployment rate fell from 3.8% in July. Evolution of non-agricultural employment since August 2022 For the 12 months ending August 2022, nonfarm payrolls in MSA Utica-Rome increased by 1,300, or 1.1%, to 122,100. Private sector employment […]]]>

The unemployment rate in the Utica-Rome region fell from 4.9% in August 2021 to 3.9% in August 2022. The unemployment rate fell from 3.8% in July.

Evolution of non-agricultural employment since August 2022

For the 12 months ending August 2022, nonfarm payrolls in MSA Utica-Rome increased by 1,300, or 1.1%, to 122,100. Private sector employment increased increased by 1,400, or 1.5%, to 92,700.

Employment gains were posted in: education and health services, plus 400; trade, transport and public services, plus 400; manufacturing, over 300; leisure and hospitality, over 200; other services, plus 200; and professional and business services, plus 100.

Losses were recorded in government, a drop of 100 jobs; information, a reduction of 100 jobs; and natural resources, mining and construction, minus 100 jobs.

County Rankings

Oneida County ranked 41st out of 62 counties in the state for its unemployment rate which was 3.9% in August, down from 3.8% in July.

Madison County ranked 16th with an unemployment rate of 3.3%, down from 3.4% in July.

Herkimer County ranked 43rd at 4.0% in August, an increase from 3.9% in July; and Lewis County ranked 32nd at 3.7%, an increase from 3.6% in July, according to the state Bureau of Labor Statistics.

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WillowTree Director of Diversity Keynote Speaker for Quad County Business Summit | Company https://hsmcohio.com/willowtree-director-of-diversity-keynote-speaker-for-quad-county-business-summit-company/ Mon, 19 Sep 2022 23:15:00 +0000 https://hsmcohio.com/willowtree-director-of-diversity-keynote-speaker-for-quad-county-business-summit-company/ BY ANDREW HOLLINS ORANGE COUNTY REVIEW Dr. Kelli Palmer, Director of the Diversity Office at WillowTree, will be the keynote speaker at the Quad County Business Summit on October 12 at Shenandoah Crossings in Gordonsville. Charlottesville-based WillowTree is a full-service digital product consulting firm that started in 2008 with three employees building mobile apps, and […]]]>

BY ANDREW HOLLINS ORANGE COUNTY REVIEW

Dr. Kelli Palmer, Director of the Diversity Office at WillowTree, will be the keynote speaker at the Quad County Business Summit on October 12 at Shenandoah Crossings in Gordonsville.

Charlottesville-based WillowTree is a full-service digital product consulting firm that started in 2008 with three employees building mobile apps, and today has over 1,000 employees building digital products for companies ranging from startups to Fortune 500, according to a statement from Orange County. Director of Economic Development Rose Deal.

The networking event will also feature a panel of local business owners, including Wesley Chiles, owner of Chiles Enterprises in Louisa, André Xavier, owner of several tourism businesses in Orange and Charlottesville, and Katherine Morris, co-owner of Performance Signs & Wraps in Greene County. The event is a collaboration of Orange, Louisa, Fluvanna, Greene and Madison counties.

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Wondering why a “quad-county” event spans five counties? Deal said he kept the name after Madison County became the event’s fifth member due to a popular college slang term.

“A ‘quad’ is a central area on a college campus where students meet and congregate, so we thought it was an appropriate name regardless of how many counties there are,” Deal said.

“It also comes off the tongue better than ‘penta-county’.”

This year’s summit will once again include the “QuadTank” pitch competition, the popular reality show “Shark Tank”.

Local businesspeople and entrepreneurs can pitch to a panel of judges for a chance to win prizes including $5,000 cash and an appraisal for a “micro-loan” to bring their business idea to fruition.

Residents interested in pitching should schedule a meeting with the Central Virginia Small Business Development Center. The deadline to apply is September 16 via contact@cvsbdc.org or 434/295-8198.

Participants who are not participating in the pitch competition can register at qcbsummit.com.

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Local insurance agent in the final of the national competition | Company https://hsmcohio.com/local-insurance-agent-in-the-final-of-the-national-competition-company/ Sat, 17 Sep 2022 16:00:00 +0000 https://hsmcohio.com/local-insurance-agent-in-the-final-of-the-national-competition-company/ PENDLETON — Last September, when Sean Kirby and his wife were planning a getaway before the birth of their first child, he received an invitation to a small conference in San Antonio for insurance professionals. “My wife was pregnant and our anniversary is in September, so I said, ‘Why don’t we do three things at […]]]>

PENDLETON — Last September, when Sean Kirby and his wife were planning a getaway before the birth of their first child, he received an invitation to a small conference in San Antonio for insurance professionals.

“My wife was pregnant and our anniversary is in September, so I said, ‘Why don’t we do three things at once?’ “recalls Kirby.

The conference ended with the announcement of a live vote to choose a winner for an “Apprentice” style contest called “The Protégé”. The show, hosted on YouTube, features 15 insurance agents from across the country participating in challenges designed to help them grow their business.

After the vote, representatives from Killing Commercial Insurance, a sales training program designed for independent insurance agents, issued a call for entries for the show’s second season. On a whim, Kirby decided to submit a video audition.

“The whole program is about how to build a business enterprise and how to work with business owners and how to solve business owner problems,” Kirby said. “I got excited because I had found what makes me happy.”

Kirby’s audition video, one of hundreds of submissions, was chosen for him to be one of the contestants for the second season. After 10 weeks of challenges and fan voting, he is part of the final trio, from which a winner will be chosen after online voting closes next week. The winner receives a full membership in the Killing Commercial program, worth nearly $17,000.

Kirby, who graduated from Pendleton Heights High School in 2014 and attended the University of Iowa, has run the Performance Insurance Group, owned by his father, Mike, since 2017. He said his experience with “The Protégé “helped him bring an outgoing personality to a profession that, he admits, many find uninteresting.

“Insurance, clearly, is a boring thing, right?” he said. “If you look at it from the outside, it seems very boring to see us facing the challenges of developing a business plan. But (the show) allowed me to show some personality and stay captivating in my own aspect and add to the show as much as possible.

He added that whatever the outcome, he hopes his appearances on the show will bring welcome attention to the local business community and its efforts to revitalize the area.

“Eyeballs are everything,” he said. “If you look at what Madison County is and has always been, it’s hard-working, blue-collar workers. If someone in a national competition can still make it in Madison County and work with big companies, that’s the idea.

Follow Andy Knight on Twitter @Andrew_J_Knight, or call 765-640-4809.

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What is a single-stock ETF and why are advisors wary? | Business News | Investment https://hsmcohio.com/what-is-a-single-stock-etf-and-why-are-advisors-wary-business-news-investment/ Wed, 14 Sep 2022 22:49:30 +0000 https://hsmcohio.com/what-is-a-single-stock-etf-and-why-are-advisors-wary-business-news-investment/ Sam Taube The investment information provided on this page is for educational purposes only. NerdWallet does not provide advisory or brokerage services, and does not recommend or advise investors to buy or sell particular stocks, securities or other investments. These days, exchange-traded funds, or ETFs, can do much more than passively track a basket of […]]]>

Sam Taube

The investment information provided on this page is for educational purposes only. NerdWallet does not provide advisory or brokerage services, and does not recommend or advise investors to buy or sell particular stocks, securities or other investments.

These days, exchange-traded funds, or ETFs, can do much more than passively track a basket of stocks. For example, the recently introduced single-stock ETFs allow traders to place large bets on individual stocks.

The first single-stock ETFs hit US markets in July 2022, but since then several ETF issuers have launched new ones. Here’s a look at how they work, how popular they are, and what advisors have to say about them.

What are Single Stock ETFs?

Single-stock ETFs are leveraged ETFs whose performance is tied to the daily performance of an individual stock. They come in a few different varieties:

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  • Long single stock ETFs with leverage target a multiple of their actions. For example, the AXS 2X NKE Bull Daily ETF (NKEL) targets twice the daily return of Nike stock. So if Nike goes up 2% on a given day, the ETF is supposed to go up 4%.
  • Short Single Stock ETFs target the inverse of their stock. The Direxion Daily TSLA Bear 1X Shares ETF (TSLS), a short single-stock ETF, tracks the opposite of Tesla’s daily performance. This means that if Tesla stock falls 5% on any given day, the ETF should rise 5%.
  • Leveraged Short Stock ETFs target a negative multiple of their stock. One example, the AXS 2X PFE Bear Daily (PFES) ETF, is designed to give twice the opposite of Pfizer’s daily return. So, if Pfizer drops 4% in one day, the ETF should rise 8%.
  • Single Stock ETFs Hedged target a limited version of the daily gains and losses of their stocks. The Innovator Hedged TSLA Strategy ETF (TSLH), for example, attempts to provide Tesla’s daily return but is capped at a maximum of 9.29% and a minimum of -10%.

As with other leveraged ETFs, issuers of single-stock ETFs attempt to achieve their return objectives by trading complex financial instruments called derivatives.

Traders could use single-stock ETFs to double down on their short-term bets on companies such as Apple, says Malcolm Ethridge, a certified financial planner based in Rockville, Maryland and vice president of CIC Wealth.

However, Ethridge points out that single-stock ETFs are not long-term investments.

“It’s an overnight strategy, ticker by ticker. They’re not meant to be bought on Monday if you plan to hold them until Friday,” he says.

What’s driving the single-stock ETF trend?

Will Rhind is the CEO of GraniteShares, a New York-based ETF issuer that has launched several single-stock ETFs. He says the single-stock ETF trend is driven by the popularity of leveraged ETFs overseas and recent regulatory changes.

“We intend to do a bunch of these products on various companies,” Rhind said. “We’ve been doing this in Europe for a few years – that’s sort of where the idea started.”

“There were only two companies authorized to issue leveraged products [in the U.S.] until a few years ago, and it was ProShares and Direxion,” says Rhind. “That changed with the new updated rules that came out a few years ago.

Ethridge agrees that regulatory changes played a big role in the rise of single-stock ETFs, but he takes a different view of where the trend is coming from.

“I think it’s trying to meet the market where it was in 2020,” he says, referring to the trend at the start of the pandemic era of stock and options trading memes.

“Robinhood, by allowing ordinary people to invest in options, has awakened [Wall Street] down to the fact that ordinary people want to be able to invest that way,” says Ethridge. ‘t have permission to do so.

Should you buy single stock ETFs?

Advisors are hesitant to recommend single-stock ETFs because of their risky nature.

“These types of instruments are not for the faint-hearted,” says Frank Paré, a certified financial planner based in Oakland, Calif., with PF Wealth Management and former president of the Financial Planning Association.

“I wouldn’t recommend it to an average investor. I wouldn’t recommend it to a long-term investor. I wouldn’t recommend it to an investor,” Paré says. “I would recommend it to those who like to speculate and have a high tolerance for risk.”

Ethridge also believes single-stock ETFs have many potential downsides. “Because of all the leverage involved, things can go wrong very quickly,” he says, adding that fund fees “will likely erode any positive returns.”

The United States Securities and Exchange Commission has expressed similar concerns. He warned investors that the returns of these ETFs can deviate from their targets over time due to their complicated internal workings.

“Daily rebalancing and compounding effects can cause returns to diverge quite significantly from the performance of, in this case, an underlying stock, particularly if these products are held for multiple days or longer,” SEC Commissioner Caroline Crenshaw wrote in a statement. on the SEC website in July 2022.

Paré says he thinks most people would be better off avoiding single-stock ETFs and relying on proven strategies to build wealth.

“Follow the slow, boring path of steady returns over a period of time, rather than speculating in the market,” he says. “If you feel you need [speculate], do it in a responsible way; take a very small part of your wallet.”

Neither the author nor the publisher held a position in the aforementioned investments at the time of publication.

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whistleblower brings his criticism to Congress | national news https://hsmcohio.com/whistleblower-brings-his-criticism-to-congress-national-news/ Tue, 13 Sep 2022 10:00:00 +0000 https://hsmcohio.com/whistleblower-brings-his-criticism-to-congress-national-news/ By MARCY GORDON – AP Business Writer WASHINGTON (AP) — A former Twitter security chief will appear before Congress on Tuesday with alarming allegations that the social platform misled regulators about its cyber defenses and efforts to police millions of fake accounts. Peiter “Mudge” Zatko, a respected cybersecurity expert, will appear before the Senate Judiciary […]]]>

By MARCY GORDON – AP Business Writer

WASHINGTON (AP) — A former Twitter security chief will appear before Congress on Tuesday with alarming allegations that the social platform misled regulators about its cyber defenses and efforts to police millions of fake accounts.

Peiter “Mudge” Zatko, a respected cybersecurity expert, will appear before the Senate Judiciary Committee on Tuesday to outline his concerns. Zatko’s claims could also affect Tesla billionaire Elon Musk’s bid to walk away from his $44 billion deal to acquire the social platform. Musk says Twitter has long underestimated spambots on its platform and cites that as a reason to roll back the deal he made in April.

Zatko was the influential platform’s chief security officer until he was fired earlier this year. He filed a whistleblower complaint in July with Congress, the Justice Department, the Federal Trade Commission and the Securities and Exchange Commission. Among its most serious charges, Twitter violated the terms of a 2011 FTC settlement by falsely claiming that it had stricter measures in place to protect the security and privacy of its users.

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The chairman of the Judiciary Committee, Democratic Illinois Sen. Dick Durbin, called Zatko’s accusations a “serious matter.”

“If it’s somewhere along the lines that (he) suggested, I think it’s a serious matter of personal confidentiality,” Durbin told reporters on Monday. “The question is whether the information collected by Twitter has been used for purposes that we are not aware of.”

Many of Zatko’s claims are unsubstantiated and appear to have little documentary evidence. Twitter called Zatko’s description of events a “false narrative…riddled with inconsistencies and inaccuracies” and lacking in significant context.

Zatko also accuses the company of deception in its handling of automated “spam bots” or fake accounts. This allegation is at the heart of billionaire tycoon Elon Musk’s bid to pull out of his $44 billion deal to buy Twitter. Musk and Twitter are locked in a bitter legal battle, with Twitter suing Musk to force him into the deal. The Delaware judge overseeing the case ruled last week that Musk can include new evidence related to Zatko’s allegations in the high-stakes trial, which is scheduled to begin Oct. 17.

Zatko, 51, first rose to prominence in the 1990s as an ethical hacker and later held senior positions at an elite Defense Department research unit and at Google. He joined Twitter in late 2020 at the request of then-CEO Jack Dorsey.

Follow Marcy Gordon on https://twitter.com/mgordonap

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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MBA to Watch 2022: Alexis Barber, University of Minnesota (Carlson) https://hsmcohio.com/mba-to-watch-2022-alexis-barber-university-of-minnesota-carlson/ Sun, 11 Sep 2022 17:53:32 +0000 https://hsmcohio.com/mba-to-watch-2022-alexis-barber-university-of-minnesota-carlson/ “Small but mighty!” Hometown: Toronto, Ontario (Canada) Fun fact about yourself: I moved from Canada to the United States! Minneapolis is technically further north than Toronto! Undergraduate school and degree: University of Wisconsin – Madison, BA Political Science and History Where was the last place you worked before enrolling in business school? Mission Animal Hospital […]]]>

“Small but mighty!”

Hometown: Toronto, Ontario (Canada)

Fun fact about yourself: I moved from Canada to the United States! Minneapolis is technically further north than Toronto!

Undergraduate school and degree: University of Wisconsin – Madison, BA Political Science and History

Where was the last place you worked before enrolling in business school? Mission Animal Hospital – Director of Development

Where did you do your internship during the summer of 2021? Boston Consulting Group, Minneapolis

Where will you work after you graduate? Boston Consulting Group, Minneapolis – Consultant

Community work and leadership roles in a business school:

  • Strong Fellow
  • President, Carlson 4 Community
  • Board Member, Graduate Women in Business

What academic or extracurricular achievement are you most proud of while in business school? In February 2022, the Carlson 4 Community (C4C) student group hosted the biggest event of our MBA experience, supporting a fantastic local non-profit organization, InnerCity Tennis. Having spent much of our first year in the virtual environment, hosting an in-person event of this scale was unfamiliar to us all. I am so proud of the work done by the team to raise nearly $40,000 for our community.

What achievement are you most proud of in your professional career? This month, I was approved as a board member of Mission Animal Hospital, the organization where I previously worked as Director of Development. This is a tremendous professional achievement for me because I care deeply about the work of the organization and can now help shape Mission for the future. It’s an incredible honor and I’m thrilled to serve alongside the other experienced and passionate board members.

Why did you choose this business school? Having attended a large public university for my undergrad, I wanted to have a different experience in my MBA. The Carlson School’s small class size in the environment of a large research institution has allowed me to forge deep connections with brilliant peers and professors.

Who was your favorite MBA professor? Myles Shaver’s Corporate Strategy and Responsibility courses were among my favorites at the Carlson School! He was able to break down complex concepts in an digestible and entertaining way. It doesn’t hurt that he’s a fellow Canadian!

What has been your favorite MBA event or tradition at your business school? The C4C Charity Auction is by far my favorite tradition as it is a perfect demonstration of Carlson’s motto, “Business as a Force for Good”. Seeing all the students, alumni, staff and local business leaders come together to support the community was so much fun and helps to better understand the importance of philanthropy.

Looking back on your MBA experience, what is one thing you would do differently and why? Is it corny not to say anything? Seriously, the friendships, network and knowledge gained from this experience changed my life for the better and I would absolutely do it again.

What is the biggest myth about your school?

Myth: It’s too cold in Minneapolis to do anything in the winter

Reality: Yes, it’s cold, but Minnesotans are making the most of it. In February, the Carlson Brands Enterprise had a great outing at Top Golf in the middle of a snowstorm!

What surprised you the most about business school? Exposure to premises Fortune 500 leaders through academics. I had no idea I would have the opportunity to take a course co-taught by the former CEO of Cargill or work with the CMO of UnitedHealth Group on a consulting project. It was an amazing way to learn business skills from those with deep understanding coupled with endless experience.

What is one thing you did during the application process that gave you an advantage at your chosen school? The Carlson School Admissions team was amazing during the application process. I contacted the team first to find out if the full-time program was even an option for me. By connecting with them early, I had advocates on my side to provide guidance every step of the way. I think building a relationship with admissions was an amazing “benefit”.

Which MBA classmate do you admire the most? In an MBA class full of great people, that’s a challenge! One person who really stands out, however, is Kayla McGrady. Kayla’s work with the administration and our MBA student association has advanced conversations about diversity, equity and inclusion in ways that I believe will impact future generations of students. MBA. In addition to this incredible work, Kayla is a rock star academically and professionally. Her work ethic and her dynamism push everyone around her to give the best of themselves.

Who most influenced your decision to do business in college? My dad, Doug Barber, has always been one of my greatest professional cheerleaders. When I initially brought up the idea of ​​going back to school for my MBA, he encouraged me to “go for it”. Having a long career in the corporate world himself, he saw the value I could bring before me. He was an incredible role model.

What are the top two items on your professional to-do list? First, I have to say, start with BCG! It’s been a long journey to get to this point and I’m so excited to get back to work this spring to continue learning and growing.

Second, and further down the road, I would love the opportunity to mentor women pursuing the MBA. I think of the amazing speakers that Carlson brought into the program, and it would be so amazing to be that person one day.

What made Alexis such a valuable addition to the Class of 2022?

“Alexis is a talented, driven and strong leader who is appreciated and respected by her classmates. She is fully engaged in all aspects of student life at the Carlson School. An active organizer, she helps build a strong culture and improves performance in everything she is involved in. As part of her experiential learning program, Alexis led two very challenging client projects and surpassed her Fortune 50 customer expectations in the challenging virtual COVID environment. Excelling as a team player and leader, she demonstrated her ability to be inclusive while enhancing the performance of all her classmates. She is results-oriented but demonstrates empathy, intellectual curiosity and contagious passion. I look forward to seeing his career succeed and his continued growth.

david hopkins
Corporate Director Carlson Brands

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3 Social Security Rules You May Not Know But You Should Smart Change: Personal Finances https://hsmcohio.com/3-social-security-rules-you-may-not-know-but-you-should-smart-change-personal-finances/ Wed, 07 Sep 2022 09:04:00 +0000 https://hsmcohio.com/3-social-security-rules-you-may-not-know-but-you-should-smart-change-personal-finances/ (Maurie Backmann) Social security is an essential source of income for millions of older people. It’s also a program loaded with rules, so much so that you could possibly spend hours and hours reading how it works. Now, some social security rules are pretty well known. Many people, for example, know that you can register […]]]>

(Maurie Backmann)

Social security is an essential source of income for millions of older people. It’s also a program loaded with rules, so much so that you could possibly spend hours and hours reading how it works.

Now, some social security rules are pretty well known. Many people, for example, know that you can register for Social Security as early as age 62, but for a reduced benefit. And many people know that deferring Social Security beyond full retirement age (FRA) results in a higher monthly benefit.

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But here are some rules you might not know.

Image source: Getty Images.

1. You can cancel your return once in your life

Claiming Social Security before FRA is a decision some seniors come to regret, especially because it leaves them with a lower monthly benefit for life. But if you’re upset about taking benefits sooner, you may still have the option of locking in a higher monthly salary from Social Security.

It’s a lesser-known fact that Social Security allows all filers to make one, so to speak. If you decide within a year that you regret your decision to apply for early benefits, you can withdraw your application and repay all the money you received in benefits. From there, you can enroll in Social Security at a later age and receive a more generous monthly benefit in the process.

2. If you are married, you cannot apply for a spousal benefit until your spouse has filed

Even if you have never worked and therefore never contributed to Social Security, you may still be entitled to a spousal benefit if you are married to someone eligible for Social Security. And your spousal benefit could be worth up to half of what your spouse is able to collect.

But if you think you’ll claim your spouse’s allowance before your spouse files for Social Security, think again. If you are divorced, you may be able to claim spousal benefits before your ex claims their benefit. But if you’re still married, you’ll have to wait for your spouse to register to receive your money. This is an important point to consider as part of your joint retirement planning.

3. You can work and collect benefits at the same time

You might assume that once you start collecting Social Security, you are not allowed to earn money through a job. Not so.

First, once you reach FRA, you can earn any amount of money through employment and continue to receive your full monthly Social Security benefit. And you can even earn money and collect benefits before FRA. If you choose this route, however, you will be subject to an income limit that changes every year. And if your income is too high, you may have some of your Social Security benefits withheld.

Know the rules

Although these Social Security rules are not as widely known as others, they are important points to keep in mind. And while you’re at it, you might want to share them with your friends so they can get the most out of their benefits too.

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Where to Find the Highest Paying Cities for Gen Z | Smart Change: Personal Finances https://hsmcohio.com/where-to-find-the-highest-paying-cities-for-gen-z-smart-change-personal-finances/ Mon, 05 Sep 2022 17:30:00 +0000 https://hsmcohio.com/where-to-find-the-highest-paying-cities-for-gen-z-smart-change-personal-finances/ Compared to millennials — who largely entered the workforce following the Great Recession — Gen Zers face a very different labor market and set of economic conditions. Wages are rising rapidly and businesses are struggling to find and retain workers. Taken together, these conditions better position Gen Z to avoid many of the financial challenges […]]]>

Compared to millennials — who largely entered the workforce following the Great Recession — Gen Zers face a very different labor market and set of economic conditions.

Wages are rising rapidly and businesses are struggling to find and retain workers. Taken together, these conditions better position Gen Z to avoid many of the financial challenges that plagued millennials when they were the same age, such as underemployment and stagnating wages.

The researchers ranked the metros based on the cost-of-living-adjusted median annual salary for full-time Gen Zs.

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