Fine Art Insurance – Bing Gallery http://binggallery.com/ Tue, 27 Sep 2022 16:35:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://binggallery.com/wp-content/uploads/2021/04/default-150x150.png Fine Art Insurance – Bing Gallery http://binggallery.com/ 32 32 Every art collector needs this database. But is it manipulated by thieves? https://binggallery.com/every-art-collector-needs-this-database-but-is-it-manipulated-by-thieves/ Tue, 27 Sep 2022 16:35:49 +0000 https://binggallery.com/every-art-collector-needs-this-database-but-is-it-manipulated-by-thieves/ Julian Radcliffe, founder of the Art Loss Register. (Lucas Oleniuk/Toronto Star via Getty Images) Museums, auction houses and private collectors around the world have a keen interest in knowing whether works of art are legitimately bought or stolen. For 32 years, they have relied on the Art Loss Register (ALR) to guarantee the provenance of […]]]>
Julian Radcliffe, founder of the Art Loss Register. (Lucas Oleniuk/Toronto Star via Getty Images)

Museums, auction houses and private collectors around the world have a keen interest in knowing whether works of art are legitimately bought or stolen. For 32 years, they have relied on the Art Loss Register (ALR) to guarantee the provenance of pieces. But the ALR, founded by British businessman Julian Radcliffe, is not always reliable, art sleuths say, and can be exploited by criminals seeking to cover up their thefts.

With over 700,000 lists of lost and looted artworks, the ALR claims to be the largest private database of stolen artworks in the world. Institutions and private collectors search the database to ensure potential sales and loans have not been flagged as stolen by the ALR, and the company website indicates that more than 450,000 searches are performed each year. During this time, victims of art theft can register their work in the database or call on the ALR to help recover it.

The company also offers clearance certificates for pieces not listed in their database, which indicate that the work in question is free from loss or theft. These certificates can however be manipulated by art thieves who provide false information in order to obtain authorizations. In the past, ALR certificates have would have granted for stolen Picasso paintings, Nazi-looted artwork and convicted art dealers selling items to major museums.

More recently, art collector Georges Lotfi was accused of using ALR certificates to fake the provenance of potentially looted antiquities in Libya.

Other aspects of the LRA, such as its for-profit structure and cooperation with criminals, have also sparked critical. But art experts say that even if the ALR is faulty, it’s the art world‘s best option for keeping track of missing artwork.

“The FBI’s stolen art database is tiny, not even more than a few thousand pieces listed. Even Interpol’s database isn’t complete,” said Robert Wittman, a A former FBI agent specializing in art theft, he believes the ALR offers a more comprehensive database than those provided by law enforcement.

The idea for the ALR actually came from Sotheby’s in the late 1980s, according to Radcliffe, who said the auction house approached him to create a database of stolen art. At the time, Radcliffe was involved with UK consultancy Control Risks, focusing on kidnapping negotiations. “They realized there was some similarity between this and the stolen photos issue,” he said. “You needed knowledge of the insurance industry, how to please governments and negotiate under duress.”

Radcliffe, who earned a master’s degree in politics and economics from Oxford University, had no background in law enforcement or the arts but worked as an insurance broker in London throughout the years 1970. “I knew a little about fine art insurance, but I was not a fine art lover myself,” he said.

Recover lost works of art at a lucrative price

Sotheby’s had previously worked with a stolen art catalog run by the nonprofit International Foundation for Art Research (IFAR), but the organization ran out of money, Radcliffe said. ALR was established in 1990 and has digitized the IFAR database containing approximately 18,000 records, making it a searchable database. While IFAR was and continues to operate as a not-for-profit organization, ALR took a different route. “We explained to everyone that the only way we thought the database could work successfully is if it was for profit, because we had to raise a lot of capital and put in a huge sales effort to make people use it,” Radcliffe said.

A single search of the ALR database costs approximately $95, although subscription options are offered, and an additional provenance search performed by ALR employees costs $450 for three hours of work. During this time, the recovery costs represent approximately 20% of the value of the works of art recovered. The ALR Recoveries team, which represents claimants in negotiating settlements for the return of objects, is made up of lawyers and art historians who often work alongside law enforcement.

Commercial databases aren’t necessarily a bad thing, according to Andrea Barasel-Brand, documentation manager at Lost Art Database, a Magdeburg, Germany-based nonprofit database focused on art looted by the Nazis and funded by the German government. Barasel-Brand said it’s beneficial to have other databases focused on different eras of looted art, even if they’re not free.

And while critics have argued that lost artworks should be the domain of law enforcement, some in the art world say that’s unrealistic. “The police are not capable of doing large-scale art recoveries,” said Christopher Marinello, CEO of Art Recovery International, a Venice-based company specializing in the recovery of stolen works. Art recovery ranks considerably at the bottom of the hierarchy of issues that concern law enforcement, he said.

Cooperation with criminals in the art world

Marinello previously worked for ALR before founding his own company in 2013, saying he left the database after discovering unethical practices regarding the use and payment of art dealers as a informants. “I didn’t like the way they worked,” Marinello said. Although Radcliffe said the ALR sometimes uses criminals as informants, this is only done with the permission of law enforcement. “If we do, we will have told the police that these people have been in contact with us,” he said, adding that the LRA will cease if any objections to communication or payment are raised by the forces. of the order.

However, criminals have also been known to manipulate the ALR to their own advantage. By requesting searches for freshly looted works of art, such as a recently unearthed antique that dealers know will not yet be registered in the ALR, some traffickers have been able to obtain certificates stating that a specific work is not was not found in the company database. lost or stolen work. They can then sell the looted work, claiming it has been authorized by the ALR.

In the case of Lotfi, who served as a source of art trafficking for the Manhattan District Attorney before becoming a suspect, art dealer Yemini is accused of using ALR to create a false paper trail of looted Libyan antiquities, submitting false provenances and origins of the coins to obtain certificates.

“I know from my experience in previous investigations that antiquities traffickers often use ALR to increase the value of their looted property,” Homeland Security Agent Robert Mancene wrote in a month ago. of August. to guarantee for the arrest of Lotfi. “A trafficker who knows that a coin has been looted from an unsearched location knows that the ALR will have no prior record of the coin. An ALR certificate stating that there is ‘no match’ in the ALR database will then be used to help the trafficker later sell the stolen part.

Lotfi, who denied abusing ALR certificates or providing false information to the database during an interview with the Observer, has since published a lengthy answer defending himself against the allegations of the Antiquity Trafficking Unit.

Certificates intended to prevent the sale of looted works of art can turn against you

ALR’s Radcliffe says its approach to certificates has changed in response to these misuse allegations, a gradual shift that began about a decade ago and has tightened over the past six years.

“Some of the antique dealers in particular thought that if they could get a certificate from us, they could wave it in front of the police and say, ‘look how good boys we are, it’s not recorded as stolen with the ALR, so he must be fine,” Radcliffe said. “Now we issue certificates with much more care. We used to rely on the person requesting the certificate to give us information , giving him too much confidence.

The ALR currently has a total of about 50 employees, Radcliffe said, with backgrounds ranging from law enforcement, insurance and law to art history, archeology and research. provenance research.

Lotfi’s certificates were granted nearly a decade ago, and Radcliffe says the most recent case of an ALR certificate being given to a trafficker was in 2016. Now the company requires detailed provenance from merchants of art in search of certificates – although the system is not infallible. “That’s not to say a smart person couldn’t get a certificate by lying to us,” Radcliffe said.

Some in the art world believe that the criticisms against ALR certificates are unjustified. “It’s too easy to point fingers at the ALR,” said Arthur Brand, an independent art crime investigator based in the Netherlands. “For freshly stolen antiquities you can create a fake provenance and ask the ALR if it’s in their database – of course it’s not, it hasn’t come up for 2000 years But is the ALR to blame?

Brand says the same problem would appear with any database, and thinks there should be more emphasis on the responsibility of museums and auction houses to do their homework on potential works instead of accept coins with red flags from.

“You can say a lot about the ALR. It’s not perfect at all, and people abuse it, but it’s the best we’ve got.

Every art collector needs this database.  But is it manipulated by thieves?

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The 3 Mistakes Almost All Investors Make https://binggallery.com/the-3-mistakes-almost-all-investors-make/ Sat, 24 Sep 2022 02:56:08 +0000 https://binggallery.com/the-3-mistakes-almost-all-investors-make/ photoschmidt / Shutterstock.com Editor’s note: This section is accessible to everyone, but if you want to know more about the investments I make with my own money, then become Money Talks News member. Not only does your membership support our journalism, but you also get many additional benefits, like my columns, ad-free reading, free books, […]]]>
photoschmidt / Shutterstock.com

Editor’s note: This section is accessible to everyone, but if you want to know more about the investments I make with my own money, then become Money Talks News member. Not only does your membership support our journalism, but you also get many additional benefits, like my columns, ad-free reading, free books, course discounts and more. And it’s cheap: only $5/month. I hope my advice columns alone are worth as much! Learn more here.

I have been investing in stocks for over 40 years. Along the way, I made a few big moves, and a lot of spectacularly stupid ones.

Here are three mistakes I’ve made in the past, along with countless other investors, that I’m now doing my best to avoid. Dodge them and you’ll be richer.

1. Don’t buy when stocks are on sale

Worried man
A and D Photography / Shutterstock.com

Most investors love when stocks hit new highs and hate when they hit new lows.

I understand. Obviously, we like to feel richer when prices go up. But we actually obtain richer by buying when prices are low and selling when prices are high. So, just like you might expect a sell-off at the mall, I look forward to horrible stock markets, because that’s when stocks are selling.

Example: Take a look at my portfolio, and you’ll see that I bought a bunch of stocks in 2009, near market lows. At the time, no one – and I mean no one – was suggesting stocks. Stocks and housing sucked, and everyone was freaking out.

That’s when I bought a bunch of stocks and the house next door. Not because I’m a genius, but because I’ve missed opportunities like this over the years by standing like a deer in front of the headlights.

It’s as simple as that: buy quality businesses when times are scary. As long as you believe the economy will eventually rebound, you will eventually be rewarded. If you think everything is bad and the economy will never recover, buy a shotgun and canned food.

2. Not having patience

Impatient woman checking her watch
progressive / Shutterstock.com

Buy a bush and plant it in your front yard. Watch it every few seconds and soon you’ll think you screwed up because you can’t see it growing. Then you might be tempted to rip it out and start over, or maybe even stop planting stuff altogether.

That’s not how you grow bushes… or money.

Success takes time. Make informed decisions, then be patient.

Earlier this year, the stock market was down, which didn’t surprise me, because it was horribly overvalued and inflation and interest rates were up: both bad for stocks. Then, in June, many investors suddenly became convinced that the Fed would soon switch from a rate hike to a rate cut and that the worst of the economic news was behind us.

For a moment it seemed like they were right. From mid-June to mid-August, the Dow rose 14%.

But in my experience, it takes time to get inflation under control and for stocks to recover. So rather than chasing the rally and buying, I patiently waited. In fact, I used the summer rally to lighten stocks.

My patience paid off. In early September, the realization set in that interest rates weren’t going to come down any time soon and the economy could be recession-bound. The shares have since fallen.

Like I said above, I’m fine with it. As stocks go down, I will increase my positions in companies I like, like Microsoft and Apple. Not yet, however. I’m not in a hurry.

3. Paying too much attention

Worried man reading a newspaper
GaudiLab / Shutterstock.com

Knowledge is power, and information creates knowledge. But too much information can be a bad thing if it makes you nervous.

To survive, CNBC and other news sources are required to “feed the beast” by breathlessly reporting every nuance and opinion.

You don’t attract viewers with a video showing growing bushes. To avoid dead air, CNBC must report every cloud, raindrop, puff of wind, new leaf and branch.

Blah, blah, endless blah, that’s how they make money, but that’s not how you make money.

Guessing what will happen in the next 10 days is a fool’s game. Forming an opinion about what will happen in the next 10 years, and then acting on it, is how wealth is created.

Use the information to create and confirm an investment thesis. Then sit down and stay put while your thesis still makes sense.

In 2001, I realized that Apple’s iPod was a consumer phenomenon, essentially creating a new paradigm. I put $1,700 into the stock. Over the next 20 years, there were myriad stories on CNBC and other sources suggesting it was time to call the register.

I ignored the noise.

Twenty years later, I finally sold Apples, after my investment had reached $800,000 and it had become too large a part of my portfolio.

At the end of the line ? Read, watch and observe until you are pretty sure you know what is going on. But not to the point of developing an itchy finger.

About me

Aaron/Money Talks News

I founded Money Talks News in 1991. I’m a CPA and also licensed in stocks, commodities, major options, mutual funds, life insurance, supervisor securities and real estate.

If you choose to follow my advice, please note: I will tell you what I do, but I will never tell you what you should do. I can’t, because I don’t know you. I’ve been doing this for a long time, but I’m certainly not always right. Not by far. So do your own research, make your own decisions, and be responsible for your own money.

Finally, check out my weekly “Money Talks News” podcasts. These are short, casual conversations with news summaries, plus tips and tricks to get rich.

You can listen right here on the Money Talks News website or download them wherever you get your podcasts. just search Money Talks News, the podcast with Stacy Johnson.

Check them out: you’ll be glad you did!

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7 Ways Retirees Can Reduce Their Income Taxes https://binggallery.com/7-ways-retirees-can-reduce-their-income-taxes/ Tue, 20 Sep 2022 22:00:14 +0000 https://binggallery.com/7-ways-retirees-can-reduce-their-income-taxes/ Poungsaed-Studio / Shutterstock.com Retirement is the time to enjoy the fruits of many years of hard work. However, if you’re not careful, Uncle Sam can dip into your hard-earned savings and claw it back little by little, year after year. When the taxman comes during your working years, it’s annoying. But it’s even worse during […]]]>
Poungsaed-Studio / Shutterstock.com

Retirement is the time to enjoy the fruits of many years of hard work.

However, if you’re not careful, Uncle Sam can dip into your hard-earned savings and claw it back little by little, year after year.

When the taxman comes during your working years, it’s annoying. But it’s even worse during your golden years, when you no longer have a full-time income and every penny counts.

Fortunately, you can take steps to keep the government at bay. Here are several ways to reduce your tax bill during retirement.

1. Convert to a Roth IRA – with care

invest
designer491 / Shutterstock.com

Once you hit age 72, old Uncle Sam will come knocking on the door and demand that you start making annual withdrawals from traditional retirement accounts, including 401(k) plans and accounts. individual pensions.

And when you make those mandatory withdrawals — known as required minimum distributions, or RMDs — you’ll have to pay taxes on them.

One way to minimize the tax bite is to plan ahead.

Long before you hit 70, slowly convert portions of your traditional retirement funds into a Roth IRA, which is not subject to RMDs. This strategy is particularly good in certain situations, such as if you are retiring early and expect your income to be lower for several years.

For example, if you plan to live off a mountain of savings you’ve accumulated in a bank account — and you’ll have few regular sources of income during that time — you could find yourself in a lower tax bracket. Move money from tax-deferred accounts into a Roth IRA during such a period, and you’ll only have to pay taxes at that low rate. The money will then grow tax-free and future gains will be tax-free when withdrawn.

Admittedly, this strategy will not be feasible for everyone. But it can be a good strategy for some.

Before considering it, however, be sure to speak with a qualified tax professional or financial adviser. If you’re not sure where to start or already know you want a fiduciary – an advisor who’s bound to act in your best interest – consider checking out Wealthrampa free service that connects you with licensed fiduciary advisors in your area.

2. Donate to charity

Sign up to support charity
Rawpixel.com / Shutterstock.com

Yes, the changes brought about by the 2017 federal tax code overhaul have made it less attractive to contribute to charity, at least in terms of tax relief.

However, a big tax break remains for retirees who want to donate to the charity of their choice. You can use the money you need to withdraw for any required IRA or 401(k) minimum distribution and donate it to a good cause.

As we detail in “5 Ways to Avoid Social Security Income Taxes”:

“If you are at least 70 ½ years old, you can take up to $100,000 of your required annual minimum distribution, give it to charity and avoid tax on the money. This is called a qualified charitable distribution.

3. Take advantage of favorable capital gains rates

Happy seniors outdoors
Monkey Business Images / Shutterstock.com

When your income is low, so is your capital gains tax rate. In fact, it’s positively underground.

You will be do not pay capital gains tax on investment gains held for more than a year if your income falls below certain levels. If your income is a little higher, you can pay a rate of 15% or 20% in most cases.

So it may be a good idea to sell stocks and other long-term investments when your income is lower. However, it is also foolish to sell stocks just to get tax relief. Weigh other factors before making this move – and consider consult a financial professional for advice.

4. Delay applying for Social Security

Elderly Asian couple use laptop at home
Monkey Business Images / Shutterstock.com

It hardly seems fair: after years of paying extra taxes that contribute to your fellow citizens’ social security benefits, you may be taxed on yours Social security benefits upon retirement. This is what happens if you earn too much of what the Social Security Administration calls your “combined income.”

There are several ways to avoid this fate, but perhaps the easiest is to simply delay applying for your Social Security benefits. In fact, if you’re waiting until you’re 70, you can also significantly increase the amount of your monthly Social Security payment since benefits increase each year you delay until that age.

However, before deploying this strategy, be aware that it does not always make sense. Money Talks News founder Stacy Johnson details the pros and cons in “Should We Take Social Security at 62, 66, or 70?”

5. Keep the right mix of investments

online activity
wavebreakmedia / Shutterstock.com

One of the most overlooked ways to save on taxes in retirement — or at any other age — is to make sure you keep the right mix of investments in your taxable and non-taxable accounts.

With this strategy, you keep tax-efficient investments, such as stocks, many types of mutual funds and ETFs, and municipal bonds, in your taxable accounts. Less tax-efficient investments — many types of bonds, CDs, real estate investment trusts — should be held in tax-deferred and tax-free accounts.

Those who fully understand this concept can create the right mix themselves. For many of us, it’s best to turn to professional help. Stop by the Solution Center and find a great financial advisor.

6. Withdraw money wisely

senior man holding money
Prostock-studio / Shutterstock.com

Eventually, you’ll probably have to withdraw the money you’ve saved for retirement. Doing it the right way can give your bottom line a boost.

In 2020, Morningstar researchers crunched the numbers and discovered that simply withdrawing funds from your accounts in the most tax-efficient way can increase your retirement income by 4%.

This means that if you withdraw $50,000 each year, you can increase your take by an additional $2,000.

Again, executing this strategy correctly is not always easy. As a general rule, many experts suggest withdrawing from taxable accounts, tax-deferred accounts, and tax-free accounts in that order. However, your personal situation will determine if this is the right approach.

So seeking help from a financial advisor is probably a smart move if you are in this situation.

7. Stay frugal

pathdoc / Shutterstock.com

Another sensible way to reduce your tax bill is to simply reduce your expenses. It is true that once you reach age 72, you will be required to make the required minimum distributions from traditional retirement accounts. But you are only required by law to withdraw this minimum and not a penny more.

However, if you overspend in retirement, you may be forced to dip deeper into these accounts. This could drive up your tax bill.

So if you’ve spent years being smart with your money, don’t get silly now that the ballgame has entered the final innings. Keep it frugal and you’ll reap the tax benefits.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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How NFTs Can Be Used In Real-World Products – CryptoMode https://binggallery.com/how-nfts-can-be-used-in-real-world-products-cryptomode/ Sun, 18 Sep 2022 18:04:27 +0000 https://binggallery.com/how-nfts-can-be-used-in-real-world-products-cryptomode/ In this article, we will look at NFTs, a type of programmable token. These tokens are non-fungible, unique and programmable. These properties make it a perfect fit for the real-world product space. Let’s see how NFTs can be applied to real-world products such as bali red vein capsules and other unique consumer goods available on […]]]>

In this article, we will look at NFTs, a type of programmable token. These tokens are non-fungible, unique and programmable. These properties make it a perfect fit for the real-world product space. Let’s see how NFTs can be applied to real-world products such as bali red vein capsules and other unique consumer goods available on the Internet.

NFTs are programmable

NFTs are programmable devices that can deliver a real-world product. NFT technology is currently in its infancy, but as the technology continues to advance, more companies will begin to realize its potential. It is possible to program an NFT to perform certain tasks such as unlocking group prizes, which makes it a great tool for the social network.

NFTs offer new ways for artists to interact with their fans and earn money. For example, Grammy Award-winning recording artist RAC recently released a social token on the Zora platform. The RAC social token had a limited supply of 10 million shares which represented its artist brand. RAC then distributed these tokens to his fans based on their support for him.

They are non-fungible

A product that is not fungible to offer a real-world product is a product that cannot be exchanged for a similar item. For example, cash is fungible because one $10 bill can be exchanged for two five-dollar bills. However, a $10 note signed by a famous artist is not fungible and the signed note could be worth more than its face value.

Non-fungible tokens have a unique value, similar to crypto, and are not interchangeable. They are created as proof of origin and authenticity, and the creator is entitled to a portion of the profits. This means that not being fungible to offer a real-world product can disrupt many industries.

They are unique

NFTs are a new way to offer a physical product to consumers. Currently, a brand needs a strong community of customers to launch an NFT project. Accordingly, a brand must connect its NFT collection to its brand identity. Brands like Nivea use this approach. Other companies, such as Budweiser, use NFT technology to sponsor up-and-coming musicians. The result is a unique micro-sponsorship effort that has exceeded the expectations of other philanthropic efforts.

One of the reasons NFTs are so popular among consumers is that they can be sold like real-world goods. This is similar to how real estate is valued. People tend to pay a premium for real estate because of its location, amenities, and profitability. Similarly, NFTs can allow sellers to charge premiums for real-world products.

They can be used in real estate

The use of NFTs in real estate would bring benefits similar to those offered by cryptocurrencies, including a safe and fast way to transfer ownership. These technologies are based on blockchain technology, which allows the creation of a complete ownership history for any asset. NFTs could also be used for mortgages.

Typically, deeds are used to prove ownership of real estate, and buyers often use escrow holders, attorneys, and title insurance companies to ensure they are buying the correct property. But blockchains allow a more direct process, bypassing trusted third parties. Blockchains can also identify title charges and speed up the settlement of transactions. A startup has already used NFTs to sell a 2 million euro apartment in Wiesbaden, Germany, via its blockchain platform.

While it is still difficult to hold entire real estate using NFT, this is likely to change as the technology continues to develop. The use of NFTs in real estate can extend to crowdfunding opportunities, mortgages, and construction projects.

They are a certificate of authenticity for real world objects

An NFT is a unique digital certificate of authenticity that represents a physical or virtual item. NFTs are a great way to verify the authenticity of real-world items. These digital certificates are often purchased with cryptocurrency. They are encoded using the same software that creates the cryptos. These certificates are relatively new and are becoming an increasingly popular method of purchasing digital artwork. The NFT market is expected to reach $41 billion by 2021, which is close to the total value of the global fine art market.

NFTs are also useful for tracing the life cycle of physical objects and products. For example, an NFT can link the fingerprint of a handbag or a luxury watch to its owner, and can even include the repair history of that item. This information is essential for luxury watches and handbags. In fact, the Chanel v. What Goes Around Comes Around case highlights the need to track the lifecycle of items.

CryptoMode produces high quality content for cryptocurrency companies. To date, we’ve provided brand visibility for dozens of companies, and you can be one of them. All our customers appreciate our value for money ratio. Contact us if you have any questions: [email protected]

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred while acting on the information provided on this website by its authors or customers. No advice should be taken at face value, always do your research before making financial commitments.

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5 restaurants offering free or cheap burgers on Sundays https://binggallery.com/5-restaurants-offering-free-or-cheap-burgers-on-sundays/ Fri, 16 Sep 2022 16:59:13 +0000 https://binggallery.com/5-restaurants-offering-free-or-cheap-burgers-on-sundays/ Did you miss the traditional Labor Day barbecues? Its good. You have a second chance to swallow a mouth-watering meal, because September 18 is National Cheeseburger Day. Several restaurant chains are celebrating the holidays with free or discounted burgers. It’s a well-made offer and well worth the wait. Just check out the list below for […]]]>

Did you miss the traditional Labor Day barbecues? Its good. You have a second chance to swallow a mouth-watering meal, because September 18 is National Cheeseburger Day.

Several restaurant chains are celebrating the holidays with free or discounted burgers. It’s a well-made offer and well worth the wait. Just check out the list below for all the juicy deals we’ve rounded up.

To note: Before you go, consider calling ahead to confirm that locations in your area are participating in these offers.

For more deals available now, check out “10 Free Things in September.”

dairy queen

Drive to your Nearest Dairy Queen on Sunday and save $1 on a Signature Stackburger with the DQ app. There are five flavor options, including Two Cheese Deluxe and the FlameThrower.

burger stand

burger stand offers a lot: buy a cheeseburger, get one free when you order online and use the promotional code CHEESEBURGER.

Tavern and grill of legends

Sit down and enjoy a juicy burger at Legends on Sunday. The Florida-based restaurant chain offers $5 burgers all day with the purchase of a drink.

Mooya

Mooya Rewards app members get an MDC burger for only $5 when they spend $5 or more until Sunday. Download the app by Sunday to get the offer on the spot. Already a member of the app? You should have received your $5 reward automatically on September 12.

Homecoming Burgers

Order one Homecoming Burgers Classic burger and get one for free. This offer is redeemable by ordering through the Wayback Burgers app on Sundays only.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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Oldenburg tribute to cult father-son directors Peter and John Hyams – The Hollywood Reporter https://binggallery.com/oldenburg-tribute-to-cult-father-son-directors-peter-and-john-hyams-the-hollywood-reporter/ Wed, 14 Sep 2022 20:21:36 +0000 https://binggallery.com/oldenburg-tribute-to-cult-father-son-directors-peter-and-john-hyams-the-hollywood-reporter/ “I have a mantra,” says director Peter Hyams. “It was something that me and my cameraman, Steve Campanelli, had: every morning before we went to shoot, we would stick together, like football players, and say four things: 1. Go bigger or go home. you. 2. If it cannot be fixed with a hammer, it cannot […]]]>

“I have a mantra,” says director Peter Hyams. “It was something that me and my cameraman, Steve Campanelli, had: every morning before we went to shoot, we would stick together, like football players, and say four things: 1. Go bigger or go home. you. 2. If it cannot be fixed with a hammer, it cannot be fixed. 3. If it won’t fit, force it. 4. Let’s blow the shit up.

When it comes to mantras, it’s hard to argue with the results. With a career that includes a prescient conspiracy thriller Capricorn One (1977), starring Elliott Gould and James Brolin; sci-fi western Outland (1981) with Sean Connery, actor Gene Hackman / Anne Archer narrow margin (1990) and Jean-Claude Van Damme’s time-traveling combat film timecop (1994), Hyams, secured his place in cult cinema history.

It’s also an approach to filmmaking that inspired the career of Hyams’ son John, who forged his own path through genre films, including two universal soldier movies (2009 Universal Soldier: Regeneration and Universal Soldier: Reckoning Day from 2012), horror mystery 2020 Only with Jules Willcox, and Sicka pandemic thriller starring Gideon Adlon and Jane Adams, which had its world premiere as a screening of Midnight Madness at the Toronto Film Festival this week.

The work of father and son, Peter and John Hyams, will be on display in a joint retrospective at this year’s Oldenburg Film Festival.

On the eve of the 29th Oldenburg Feast, the two Hyams joined The Hollywood Reporter for a joint video call to discuss their influences on each other, each other’s favorite movies, and how the business of “meat and potatoes” genre filmmaking has changed over the years.

‘Capricorn One’

Courtesy of Oldenburg Film Festival

“I was maybe 6 or 7 years old when Capricorn One was being made,” recalls John. “I have vivid memories of being on set in the Mojave Desert, watching my dad when they filmed that aerial chase scene. At the time, they literally strapped him into a chair mounted to outside of a helicopter, and he filmed the whole chase scene from there, with the camera in hand. It was the craziest thing I’ve ever seen, a real heist thing. neck. It made a huge impression on me.”

Instead of going to film school, John Hyams took a page from his father’s book and studied fine art, later moving on, via documentary films, to directing feature films.

“When John first suggested going to film school, we had a bit of a review and I said, no, you’re not going to film school. Feed your gaze on art, learn literature and history. And you’ll learn more than most people in film schools,” says Father Peter. “He was a brilliant painter. In fact, he could have made a living as a painter… We ended up on a similar path, he started making documentaries, like I did at the beginning. The difference was that John was a phenomenal artist. I was one of those guys that people thought was good because I could draw.

John Hymas’ ‘Sick’ was a screening of Midnight Madness at TIFF 2022

Courtesy of TIFF

While he says he loves his son’s films – “my favorite is always the last one I saw” – Peter Hyams says he finds it “very painful” to see his own work again. “I watch a movie of mine 1,000 times when I make it, 1,000 more times when I’m previewing it, and once it’s done, and there’s nothing I can do to make it better, it becomes impossible to watch. All I see are all the things I did wrong.

But in his 50 years behind the camera, Hyams says he’s learned a few things, including the ability to get out of the way.

“When I started, I was making charts of where the camera was, what lens we were using, I was making diagrams, like a quarterback with his playbook,” he recalls. “Then you step onto the set with a group of human beings in front of you and the best-laid plans of mice and men, you know? I realized that this kind of planning is stupid. The best work comes when your actors feel absolutely free and come up with something you never thought of. It may be Gene Hackman who chooses the glasses [for Narrow Margin] That makes all the difference.”

“Narrow Margin”

Courtesy of Oldenburg Film Festival

“We make different films, of course, but I feel our approach, and in many ways our aesthetic is quite similar,” adds John. “If there’s one thing I’ve really learned [my dad] looking at him directly was the pride of the profession. Because I always thought my dad was an amazing craftsman. As a musician, you talk about having chops. And my dad, as a filmmaker, he always had some serious chops.

What has changed significantly since Peter Hyams started directing in the early 70s and since John’s first feature films in the mid-2000s is the market for mid-budget genre films.

“That’s what I call the $40 million movie,” says Peter, “by which I mean a movie without big movie stars where there’s no indemnity, no guarantees, it’s gonna work [but] this is where you get a star warsa Jawsa Extraterrestrial. Where there is no insurance policy and the studio just has to think the movie is good. You don’t have much these days.

“When I came into the business, at the end of the years, the DVD market was disappearing, and you could already see that the studios weren’t making these kinds of films anymore, these 40-50 million dollar thrillers. , as Irregular edge or one No Exit, which was once the bread and butter of the industry,” adds John. “Things looked a bit dire for a while. But I think streamers saved the industry. Now you can do a genre movie, the kind of movie that’s in my wheelhouse or my dad’s wheelhouse, with somebody like Netflix and do it with a lot of artistic freedom.

Alongside Peter Hyams Capricorn One, Outland and narrow marginOldenberg retrospective will include John Hyams universal soldier films, his first two feature films: a dog day (1997) and the documentary The breaking machine (2002) plus recent horror titles Only (2020) and Sick.

John Hyams will attend Oldenburg, which runs from September 14-18 and will participate in a live chat, with Fr Peter joining via video, during the event.

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Insurer offers €500,000 reward to solve Tefaf jewelry theft https://binggallery.com/insurer-offers-e500000-reward-to-solve-tefaf-jewelry-theft/ Tue, 13 Sep 2022 09:41:13 +0000 https://binggallery.com/insurer-offers-e500000-reward-to-solve-tefaf-jewelry-theft/ Photo: Politie.nl A €500,000 reward is being offered for information on this summer’s jewelry theft at the Tefaf art fair in Maastricht, the Telegram reported. The money has been put in place by the insurance company and will be paid if the items, which are believed to include a large rare yellow diamond, are recovered, […]]]>

Photo: Politie.nl

A €500,000 reward is being offered for information on this summer’s jewelry theft at the Tefaf art fair in Maastricht, the Telegram reported.

The money has been put in place by the insurance company and will be paid if the items, which are believed to include a large rare yellow diamond, are recovered, the newspaper said.

Police are continuing to hunt down four men, who were wearing flat caps and glasses as they smashed the window display at the fair in June. Another brandished a gun at the visitors.

Police confirmed the gang got away with a quantity of jewelry but did not say what. According to the Telegraaf, the transport included at least 10 items, including a necklace with the 114-carat diamond.

The reward, which according to broadcaster NOS has been confirmed by the police, is one of the highest ever offered in the Netherlands.

The prosecution had previously offered €100,000 for information leading to the address of crime boss Ridouan Taghi while a private foundation put up €1million to try to solve the cold case of Tanja Groen’s murder.

The Crown pays only about 10% of the reward it offered, the NOS said.

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Can you live happily in retirement on only 66% of your working income? https://binggallery.com/can-you-live-happily-in-retirement-on-only-66-of-your-working-income/ Fri, 09 Sep 2022 15:08:50 +0000 https://binggallery.com/can-you-live-happily-in-retirement-on-only-66-of-your-working-income/ Roman Samborskyi / Shutterstock.com Editor’s Note: This story originally appeared on NewRetirement. Contrary to what many financial planners suggest, you can live on much less than 100% or even 80% of your pre-retirement income. In fact, a investigation by T. Rowe Price of new retirees who have 401(k) account balances or rolling IRAs have found […]]]>
Roman Samborskyi / Shutterstock.com

Editor’s Note: This story originally appeared on NewRetirement.

Contrary to what many financial planners suggest, you can live on much less than 100% or even 80% of your pre-retirement income. In fact, a investigation by T. Rowe Price of new retirees who have 401(k) account balances or rolling IRAs have found that you can live comfortably on much less.

The report suggests that nearly three years into retirement, the majority of retirees are living on just 66% of their pre-retirement income (on average).

Is 66% of your work income really enough for your retirement income? Too?

retired senior man
Medvedeva Oxana / Shutterstock.com

Only you can really know what you need. But, it is useful to understand what is really going on in households across the country.

Eighty-five percent of the 1,507 survey respondents say they don’t need to spend as much as they did before retirement to be satisfied. And 57% say they live as well or better than when they were working.

“This [the data] doesn’t surprise me,” says Cynthia Petzold, Certified Financial Planner at CommonWealth Financial Planning LLC in Roanoke, Virginia. “Everyone’s situation is different, but I think 66% is reasonable. [to cover] basic living expenses.

But the figure likely doesn’t include special or one-time expenses, such as travel, home repairs or car replacements, she adds.

Interested in living on less in retirement? Here are a few tips…

Don’t rely on rules of thumb: project what you really need

insta_photos / Shutterstock.com

The consensus among financial planners is that there is no magic income that everyone should strive for. The only real way to determine how much you and your household will need is to do detailed budget projections. Maybe you will need 50%, 66%, 100% or even 200% of your work income.

Get serious about budgeting for your next 20-30 years. It might sound crazy or unrealistic, but you can break your projections down into five-year chunks or think about milestones like kids graduating from college or your spouse retiring.

You can also think of phased retirement – an active phase when you first stop working and maybe spending even more than when you were working, a slowing phase when you start spending less, and a cooling phase. end of life where health care costs can be high.

The NewRetirement Planner allows you to do this kind of lifetime budgeting. Set as many different spend levels for as many different retirement phases as you want overall or in 75 different categories. Budgeting for your future helps you envision and make a plan for the life you want.

Create a reserve in your retirement savings

Elderly couple worried about social security and expenses
Andrii Zastrozhnov / Shutterstock.com

Be sure to include these occasional expenses, which can significantly reduce your savings if not properly budgeted.

Home and car repairs, entertainment expenses, and rising health care costs are often overlooked in the planning stages, but they should be budgeted for.

“You don’t want to be in a position after retirement where something happens [that can] destroy your retirement plan,” says Jim Cantrell, certified financial planner at Financial Strategies Inc., based in Brookfield, Wis. “You want buffers in your retirement plan, and one way to do that is to estimate the high costs – in those occasional expenses. If not in the plan, these can be $10,000 to $50,000 that you weren’t expecting and can really hurt your retirement plan.

For example, most retirees tend to replace their car within five to 10 years of retirement, he says. So to plan for this cost in the future, retirees should consider how much it would cost to buy a new or used car and add it to their budget.

And don’t forget travel, the retirement activity most sought after by the greatest number of retirees.

Whether it’s travel or something else, be sure to budget for what you want to do in retirement.

Watch your budget and be flexible

senior friend shopping
Sirtravelalot / Shutterstock.com

Flexibility is key to establishing and achieving your target retirement income level.

“Once you’re retired, annually review your projected expenses, your sources of income, and adjust your expenses based on your income,” Petzold suggests. “Be flexible when considering your retirement expenses. Sometimes I think people don’t understand that you don’t have to withdraw the same amount every month.

Ultimately, finding the right balance between your cash flow and spending habits, while accounting for occasional expenses, is key to living comfortably in retirement.

“People say financial planning is like a headache, but I don’t think that’s true,” Cantrell says. “It’s more like a Rubik’s Cube: all the pieces are linked together. Every time you say, “I’m going to change what I spend on one thing,” it changes what you spend on everything else.

Consider the average retirement income

Senior couple discussing finances
wavebreakmedia / Shutterstock.com

Not sure if 66% of your work income will really cover what you need and want in retirement? Perhaps consider the average household retirement income: $71,446 for 2022. (However, remember that averages, especially national averages, can be extremely misleading. Where you live, your age, and specifics of your lifestyle are more important than the averages.)

To prioritize

Senior woman holding house key
Roman Samborskyi / Shutterstock.com

Budgeting for 66% of your pre-retirement income may not mean you can buy everything you want, but you can make it work if you prioritize spending on what’s really important to you.

Try living on a tight budget before you retire

An older couple is preparing a healthy meal in their kitchen
Rawpixel.com / Shutterstock.com

It might not be completely realistic, but it might be a good idea to try living on a tight budget before you retire to get an idea.

Health care budget

A nurse holding a bottle of intravenous therapy
LightField Studios / Shutterstock.com

If you think Medicare is going to cover your healthcare costs, think again. There are things that Medicare does not cover.

Research from Fidelity Investments estimates that a 65-year-old couple retiring in 2022 can expect to spend $315,000 on health and medical costs throughout their retirement. And that doesn’t include the potential cost of long-term care.

Regardless of the level of spending, you will probably make it work and be very happy

senior couple watching tv
WHYFRAME / Shutterstock.fr

A Merrill Lynch study found that 92% of retirees say retirement gives them “greater freedom and flexibility to do what they want, no matter how much money they have.” The ideal point of freedom is between 61 and 75 years old. This is when the study says most people enjoy the “best balance of health, free time, pleasure, and emotional well-being.”

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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Do retirees really need $300,000 for health care? Probably not https://binggallery.com/do-retirees-really-need-300000-for-health-care-probably-not/ Sat, 03 Sep 2022 00:25:48 +0000 https://binggallery.com/do-retirees-really-need-300000-for-health-care-probably-not/ A popular estimate of retiree health care costs may be misleading, if a new study is accurate. For more than two decades, Fidelity Investments has published an annual estimate of health care costs for retirees. He estimates that the average 65-year-old couple retiring now and enrolled in Original Medicare can expect to spend $315,000 on […]]]>

A popular estimate of retiree health care costs may be misleading, if a new study is accurate.

For more than two decades, Fidelity Investments has published an annual estimate of health care costs for retirees. He estimates that the average 65-year-old couple retiring now and enrolled in Original Medicare can expect to spend $315,000 on health care and medical expenses in their remaining years.

Fidelity’s estimate is based on a hypothetical scenario rather than actual spending data. New research from Retirement Research Center at Boston College, based on actual data, comes up with a much lower figure for out-of-pocket expenses: $67,260, on average, for a 65-year-old couple who can use a variety of options for health care coverage. health .

The CRR study found that these out-of-pocket expenses account for about one-fifth of total retirement healthcare expenses. The rest is covered by Medicare (64%), Medicaid (10.7%) and other insurers (3.7%). Medicare is the federally run insurance program for people over 65 and generally requires patients to pay premiums and deductibles. Medicaid is a federal state assistance program for low-income patients of all ages administered by state and local governments under federal guidelines, which usually covers all costs.

The CRR study is based on Medicare and Medicaid records as well as a long-running nationally representative health and retirement survey. This information was supplemented with data from insurers for people with Medicare Advantage plans, the other type of Medicare coverage with Original Medicare. Therefore, it covers a wider range of scenarios than Fidelity’s estimate and is based on actual spending by real people.

A drawback of the CRR study, however, is that its data sources only include information up to 2012. This means that they do not take into account the last decade of inflation or the evolution of health care trends.

For a direct comparison, in 2012, Estimated loyalty her hypothetical couple would need $240,000 to cover medical expenses until retirement. This is still 3.5 times the CRR estimate.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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Hiscox Ltd (LON:HSX) Receives Average Analyst Rating of “Hold” https://binggallery.com/hiscox-ltd-lonhsx-receives-average-analyst-rating-of-hold/ Mon, 29 Aug 2022 08:38:45 +0000 https://binggallery.com/hiscox-ltd-lonhsx-receives-average-analyst-rating-of-hold/ Hiscox Ltd (LON:HSX – Get a rating) received an average recommendation of “Hold” from the eight analysts who cover the stock, reports MarketBeat.com. One research analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among analysts […]]]>

Hiscox Ltd (LON:HSX – Get a rating) received an average recommendation of “Hold” from the eight analysts who cover the stock, reports MarketBeat.com. One research analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is 995.83 GBX ($12.03).

HSX has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut its price target on Hiscox shares from 900 GBX ($10.87) to 880 GBX ($10.63) and set an “underweight” rating for the company in a research note from Thursday, August 4. Morgan Stanley reaffirmed an “overweight” rating on Hiscox shares in a Wednesday, May 11 research note. Royal Bank of Canada raised its price target on Hiscox shares to 950 GBX ($11.48) and gave the company an “industry performance” rating in a Thursday, Aug. 4 research note. Berenberg Bank cut its price target on Hiscox shares from 1,075 GBX ($12.99) to 1,045 GBX ($12.63) and set a “hold” rating for the company in a memo. research from Thursday August 4th. Finally, Barclays raised its price target on Hiscox shares from 1,144 GBX ($13.82) to 1,150 GBX ($13.90) and gave the company an “equal weight” rating in a research note from Monday, August 15.

Insiders place their bets

Separately, insider Colin D. Keogh bought 1,617 shares of the company in a trade on Wednesday, June 15. The share was acquired at an average price of 944 GBX ($11.41) per share, with a total value of £15,264.48 ($18,444.27).

Hiscox Stock Performance

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LON HSX opened at GBX 881.80 ($10.65) on Monday. The company’s 50-day moving average is 910.83 GBX and its 200-day moving average is 926.57 GBX. Hiscox has a 12-month low of 769.40 GBX ($9.30) and a 12-month high of 1,002 GBX ($12.11). The company has a quick ratio of 0.10, a current ratio of 0.48 and a debt ratio of 29.18. The company has a market capitalization of £3.06 billion and a P/E ratio of 2,004.09.

Hiscox cuts dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 20. Shareholders of record on Thursday, August 11 will receive a dividend of $0.12. The ex-dividend date is Thursday, August 11. This represents a return of 1.12%. Hiscox’s dividend payout ratio is currently 26.05%.

Hiscox Company Profile

(Get a rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the UK, Europe, USA and internationally. The Company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. It provides commercial insurance to small and medium sized businesses, personal lines coverage including high value household, fine art, luxury automobiles and classic cars through brokers, partners and consumers direct using traditional and digital business models.

Read more

Analyst recommendations for Hiscox (LON:HSX)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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