How Much Can You Expect To Receive From Workers Compensation

If you have been involved in an accident at your work or sustained an injury or you have a work-related illness or disease, you are allowed to claim for “worker’s compensation” benefits. With most nuances, your loss of wages should typically be around 66.667% of your weekly average wage. For example, if you earn $900 a week, your wage-loss benefits would be around $600 a week.

However, there are a variety of nuances involved. There are minimums, flat payments, and maximums. In addition, the extent of your injuries is taken into account as well as your abilities to work play a significant role in deciding on how much you can make from your worker’s compensation payout. The laws associated with workers compensation are confusing and complicated. For this reason, it’s a good idea to hire an experienced lawyer who specializes in work injuries.

How Much Can You Expect From Your Wage Loss Benefits?

Your wage-loss benefits are associated with 2 factors. These include your standard weekly wages, and the 2nd has to do with the extent associated with your inabilities to work.

When You Are 100% Disabled

If you are not able to work at all, then the according to the Workers’ Compensation Act, your workers’ compensation payout should be based on what your normal weekly wage is, up to a specific maximum and subjected to a specific minimum. The maximum is associated with a DLI (Department of Labor and Industry) calculation, according to the “state-wide average weekly wage.”

For the injuries that occurred in 2017, maximum wage-loss benefits were calculated at $995. The exact benefit will be based on either a flat-amount or a % of your personal income. Below is a breakdown of the benefits:

• If you earn under $552.77, then you will receive 90% of the weekly wage that you earn.

• If you earn between $552.78 and $746.25, your benefit is set at a flat-amount of $497.50

• If you earn over $746.26 a week, your benefit is calculated at 66.667% of the weekly wage that you earn but will not exceed $995.00.

When You Are Partially Disabled

When you are partially disabled, which means you are “not totally unable to work.” This is something a doctor will need to determine and can also depend on whether your employer has made work available to you within restrictions set by a doctor. An example of this may include when your doctor has certified that you are 30% disabled and has cleared you for “light duty” you become entitled to “partial” wage-loss benefits.

The partial disability benefits for wage loss are also based on your normal weekly wage. The wage-loss benefits are calculated at 66.667% associated with the difference between the normal wage that you earn and what you will be earning while you are on light-duty. For example, if your normal wage is $800 a week, and you are now only making $600 a week while working on “light duty”, you become eligible for the 66.667% wage-loss benefit of the $200 difference. This means your benefit would be $133.33 a week.

Sports Gambling: Are the Odds in the States’ Favor?

In 2017, New Jersey’s Governor Chris Christie brought a case to the Supreme Court. The state of New Jersey was claiming that the Professional and Amateur Sports Protection Act (PASPA) violates the state’s 10th amendment rights. In May of 2018, the SCOTUS held a vote regarding the 25-year old act. The Supreme Court came to a 6-3 decision in favor of New Jersey. In other words, the Supreme Court ruled to reverse PASPA and allow states to regulate legal sports gambling independently.

When WIll This Law Take Effect?

The law is effective immediately. If states were prepared for this ruling, they can begin accepting wagers on professional and amateur sports as soon as the sports books are ready to open their doors. In New Jersey, the state that brought the lawsuit, Monmouth Park officials say they will be ready to accept sports bets within two weeks of the ruling. Another state that will be opening sports betting windows sooner rather than later in Delaware. The state passed the proper legislation in place prior to the Supreme Court’s ruling.

New Jersey and Delaware are not the only states that are looking to capitalize on the revenue that sports gambling can generate. West Virginia and Mississippi are two other states that already had legislation in place. The two central states appear to be the next up when it comes to opening up the doors to sports gambling. Within the next 90 days, states like New York, Connecticut, Illinois, Massachusetts, and Rhode Island plan on passing legislation that legalized sports gambling.  

Currently, about 20 states are in the process of legislation. The ruling is taking the nation by storm, but some states have already closed their 2018 legislation windows. This means that any drafted bills will have to wait until 2019 to be voted on. Experts are predicting that 32 states will have legalized sports gambling within the next five years.

How Do I Place Bets?

Most states are encouraging mobile and online gambling in the legislation that is being passed. For now, you will be required to place bets in person, the traditional way. DraftKings and FanDuel both released statements regarding their positions. Both companies are working to offer in-app sports gambling as soon as it is legal in your respective state.

How Big is the Sports Gambling Industry?

Sports gambling industry is a multibillion-dollar industry. It is difficult to put a number on it because Nevada is the only states which have had legal betting in the past. Experts estimate that the legal and illegal gambling industry falls between the range of $50 – $150 billion dollars.

In terms of numbers we know for sure, reports from UNLV’s Center for Gaming Research state that legal sports gambling in Nevada neared $5 billion last year. Football was the most popular sport among bettors at both the professional and college level, generating $1.76 billion for the industry.

Top Performing Stocks of Q1

After each quarter, companies that are publicly traded are required to release information regarding their performance. At the end of quarter one of 2018, there were standout performers in each sector of the market. Some of these stocks you will be familiar with (Netflix), others, not so much (Bolf Holding). Take a look at the list of the top performing stocks, you might want to jump on some while you still can.

Top Performers of Q1

Healthcare: TG Therapeutics (TGTX)

TG Therapeutics had an impressive start to 2018. The company’s stock price rose 76%. What do they do? TGTX is responsible for developing treatments for blood cancer and autoimmune diseases. Investors think that there is still room to grow with this stock despite an explosive quarter.

Tech: Twilio (TWLO)

Tilio Inc. is a communications platform based out of California. Toward the midway point of last year, they saw an explosion in stock price as it rose from $15 to $71. The company then offered 7 million additional shares, regulating the price at $23. Experts believe that even after an impressive quarter, Twilio is still labeled as a “strong buy.”

Financials: Bolf Holding (BOFI)

The last five years have been quite the journey for the founders of Bolf Holdings. the company has seen returns of 344% since going public. Even with those returns, Bolf was a leader through quarter one as shares climbed 35%. According to the experts, there is still time to buy on this stocks as they predict potential earnings of just under 10%.

Consumer: Fossil Group Inc. (FOSL)

Consumer brand Fossil performed well in the first quarter of this year increasing almost 67%. The experts do not think that this is sustainable making it a bad investment. Instead, they suggest Lam Research (LRCX). The memory chip company is exploding right now and has a 32% upside.

Service: Netflix Inc. (NFLX)

Netflix had an excellent start to 2018. Investors have seen a 56% increase in the stock’s value. The company’s worth is reaching new heights as they have been valued at $130 billion, just under Disney’s $150 million. Netflix is predicted to continue growing. That being said, you can expect the same for the stock.

 

Automakers With The Lowest Recall Rates

Recalls usually happen early after a vehicle has been released into the consumer population. They occur when a manufacturer defect could cause injury or death, and there are a growing number of recalls each year–even as the laws become more and more strict. If you’re considering a new vehicle, then you’re probably curious as to which automakers have the lowest recall rates, and maybe what the average rate looks like at a glance.

The industry average for recalls falls at 1,115 for every 1,000 vehicles. In other words, if you purchase a vehicle, that vehicle is likely to be recalled at least once. Some vehicles have recall rates high enough that your vehicle could be recalled twice!

A recent study of eighteen different automakers indicates that vehicles manufactured by Porsche have the lowest recall rates. If you own one, then there’s about a fifty-fifty shot your vehicle will be recalled. Mercedes-Benz ranks number two, with a recall rate of about 624 for every 1,000 vehicles. Kia is number three with 788 recalls for every 1,000 vehicles.

The next entries on the list all get closer to the industry average. Tesla has a rate of 936, Mazda has a rate of 955, and General Motors has a rate of 958.

Vehicles manufactured by Nissan experience a moderate number of recalls. 1,038 of 1,000 vehicles will result in a recall. Automakers with the highest number of recalls include Honda with 1,307, Chrysler with 1,422, and Volkswagen with a whopping 1,805.

This list proves that the more expensive vehicles are also less prone to defect, and therefore have the lowest recall rates. Unfortunately, most people can’t afford them! Don’t let that dissuade you from purchasing a new vehicle, though. Most vehicles are recalled because of relatively minor defects that won’t affect your ability to drive. Even so, be on the lookout for recalls that may affect you.

Tips For Flipping A House

It takes a lot of time and energy in order to make money flipping houses, and it’s certainly not for the faint of heart. Don’t just jump into anything right away; do your research. Education increases your chances of success tenfold, but what do you need to know first? These are some basic tips for flipping a house.

Before you begin, you should speak with a financial advisor about potential lenders. If your credit score isn’t high enough, you’ll never even make it to the first step.

First and foremost, determine location. Will you be flipping houses where you live, or will you be able to travel while you take on these projects? Regional economies can fluctuate and are difficult to track, but that’s what you’ll need to do in order to make this work for you. Research buying and selling prices in various markets, and determine the kind of profit margin you’d like. Will you buy an expensive home in a big market for a big profit, or would you prefer to start small?

The value of the home is important. Unless you’re an expert salesperson, you’ll want to start with something well below market value and work your way up until you find your sweet spot. Can you talk the talk?

The best flippers know how to fix something up fast without spending a fortune. Part of that formula is determined by construction. If you need to tear down walls and fix foundations in order to make it look presentable, you’ve got the wrong house. Think about cosmetic changes over structural changes. Don’t purchase houses that are riddled with mold or infestations. That’s money down the drain, and there’s no guarantee the problem won’t return a week or two later. If you don’t have any experience with design, now’s the time to research what people look for and how to give it to them.                                                         

Before deciding on the best house to flip, do a personal appraisal. Get yourself a blacklight, and walk through the home in order to find as many potential problems as you can. Finding them now will spare you innumerable headaches later.

Top 5 Embezzlement Cases in U.S. History

If you have an employer and at some point in your golden career “misplace” or “reallocate” funds that wind up in a bank account with your name on it, then congratulations: you’re guilty of embezzlement! Most companies constantly audit the books, so it’s not exactly easy to get away with the crime of embezzlement. Naturally, this hasn’t stopped anyone from trying. Here are five of the most notorious embezzlement cases in U.S. history!

  1. If you don’t get along with your family, then you’re not alone. Dane Cook is right there with you. In 2010, his half-brother was found guilty of embezzling millions of dollars. The guy didn’t really do much to cover his tracks–he forged Cook’s signature after making a check out to himself for three million bucks! The half-brother was sentenced for up to six years in prison.
  2. If you plan to steal, at least try not to steal from girl scouts. Life on earth reached a new low point when in 2011 Christa Utt was charged with embezzling thousands from the organization. Utt was a troop leader, but that didn’t stop her from committing the crime. Sadly, she wasn’t the first one to try. In 2009, Janet Daily and Laura Farrell stole over $20,000 in separate cases.
  3. Remember the Bernie Madoff Ponzi scheme in 2008? He stole from investors, and paid them back–or didn’t–with the money gained from newer investors (which is how a typical Ponzi scheme works). As a result, some people lost their life savings and associated stocks plummeted. The missing funds amounted to at least a whopping $18 billion. Madoff was sentenced to 150 years in prison. He’s famous, so he’ll probably get out.
  4. If you have a gambling problem, it doesn’t matter how rich you are. Ausaf Umar Siddiqui came up with an embezzlement scheme to pay off gambling debts, but ended up sentenced to six years in prison instead. He had previously established a fake company in order to funnel monies that ran over $80 million from Fry’s Electronics, where he worked as vice president of operations and merchandising.
  5. Kenneth Lay died before a judge could sentence him up to 45 years in prison. He was the CEO of Enron and embezzled nearly $11 billion from his shareholders. Enron went on to file for bankruptcy.

Best Selling Cars of 2017

What Were the Top Selling Cars of 2017?

Toyota SUVWhat was the best selling car of 2017? Halfway through December 2017, the Motley Fool began research for a post that would take the guesswork out of it for us. The blog compiled a list of the top five selling cars of 2017. The list only included cars and SUVs, the Motley Fool people thought it would be best to leave pickup trucks out of it because they are commonly used as fleet vehicles, which inflates there sales. As of November 2017, there were no America made vehicles in the top five as Toyota, Nissan, and Honda once again dominated car sales in America.

Top Five Best Sales

  1. Honda CR-V – 340,912, Up 6.7%

The CR-V has been one of Honda’s most reliable vehicles in terms of sales. In 2017, the CR-V reached around four million sales since its conception. The SUV features a trustee all-wheel drive system that makes it a great choice for every season.

  1. Toyota Camry – 343,750, Down 3.2%

The Toyota Camry’s sales saw a decline in 2017 by 3.2%, but that wasn’t enough to keep the perennial top performer out of the top five. The Camry was America’s second favorite Toyota in 2017, ending its 15 year streak as number one. The Toyota Camry is available in a brand new 8-speed transmission, giving the car more power than ever before.

  1. Honda Civic – 345,880, Up 3.1%

In 2017, Honda rejuvenated one of its oldest models, the Honda Civic. The 2017 Civic was available in the original sedan version, as well as brand new coupe and hatchback versions. Additionally, the Civic could be purchased in a variety of performance models like Si or Type R. The Civic beat out its counterpart, the Honda Accord, by about 15% this past year.

  1. Nissan Rogue – 363,293, Up 25.5%

The Nissan Rogue is quickly becoming one of the most popular cars in the United States. The sales of the Rogue have increased over 25% from 2016. Although, this large increase in sales was not solely due to consumers like you and me. The Rogue saw an increase in sales to rental agencies and fleet buyers, like businesses and government agencies.

  1. Toyota Rav 4 – 375,052, Up 19.1%

The Toyota Rav 4 has officially taken down the Toyota Camry as Toyota’s Number one seller in the United States. Rav 4 finished the year strong with two straight months of top sales performances. In November alone, the Rav 4 was sold 28,700 times.

Economy Vs. Personal Injury Settlements

personal injury settlementThe economy plays a role in our everyday life. It can affect your employment and your wages, which, in turn, can affect your family’s life. Just like everything else, civil settlements can also be affected by the economy. How might you ask? Well, we are going to explain that to you.

How does the economy affect personal injury settlements?

The economy can affect a personal injury settlements in a variety of ways. A bad economy can cause extra tension in settlement cases and cause them to hang around longer than usual. A good economy might result in the plaintiff receiving more money than they were expecting. The reason for this is that insurance companies make investments in order to generate revenue. When their investments are down, they are going to pinch every penny. The inverse occurs when the economy is up. Here are a few ways the economy might play games with your settlement rewards:

  • As the economy decreases, the settlement reward decreases
    • For a number of reasons, a weak economy, will lead to a lower settlement payout. For example, a settlement that might be worth $15,000 might decrease to $10,000.
  • Cases are less likely to go to trial
    • A weak economy affects everyone, even the courts. A small to mid size case is less likely to be brought to trial because a judge will not want to waste money on the case. In addition, some courts may close more often or cut staff in an effort to save money during his time. This will make it harder to get a trial date.
  • The person suing
    • There are two likely scenarios that can happen when a person is filing a lawsuit in a weak economy. One scenario is that the person will want too much money. This person will hold out as long as possible. The other scenario is that a person will settle too quickly. Settling to quickly can lead to a lesser reward for the person suing.
  • Insurance companies are difficult
    • As previously mentioned, sometimes the insurance company will hold out hope for the economy to rebound. Another factor might be that the company was forced to make cuts. This can affect how long your claim takes to process.
  • Court costs
    • We mentioned before how a weak economy affects the court system. Not only will it be harder to secure a trial for a small to mid level case, court fees will increase. Court fees are payments for documents like a notice of appeal or a motion.
  • The number of fake cases increases
    • In a weak economy, people will do anything for money. Some might even try to report a false claim and exaggerate their symptoms.

While a weak economy might lower the reward of a settlement, it does not mean that your medical expenses or lost wages will not be recuperated. If you suffer a catastrophic injury, your case has a greater chance of going to trial and receiving a maximum value reward. Even in a weak economy, if you suffer an injury due to another individual’s wrongdoing, you should contact an experienced personal injury attorney.

What States Have The Strongest Economy?

What States Have The Strongest Economy?

strong economyEvery year, USNews.com ranks the states with the strongest economies. The rankings are based on a number of factors including growth, employment, and business environment. According to USNews.com, the ranking categories are defined and weighted as follows:

  • Growth (50%)
    • Growth measures the growth of the young population in the state, overall growth through migration, and the GDP growth rate.
  • Employment (30%)
    • The employment ranking tracks the three-year average of job growth, unemployment rates, and labor force participation rates.
  • Business Environment (20%)
    • This ranking gauges a state’s business environment based on the monthly birth rate or new businesses and the rate of parents for new inventions.

In some cases, a state may be stronger in one category than another. For example, Massachusetts is ranked fifth on this list. While Massachusetts is ranked 26th in terms of growth, the bay state ranks fourth in employment and second in business environment.

The Top Five “Best State for Economy”

USNews.com ranks the top states in terms of the economy every year. The results from 2017 are in and they are:

  1. Colorado
    1. Colorado took the number one overall spot by ranking second in growth, second in employment, and fourth in business environment. Overall, the state of Colorado’s economy had a great year. It continued to grow and new businesses began to form.
  2. North Dakota
    1. North Dakota had the second best years in terms of the USNews economy scale. Although the state has a low population, the residents we able to power the state to the top ranking for growth and the third spot in terms of employment ranking. These strong grades were enough to overcome a low business environment ranking of 21.
  3. California
    1. California is one of the larger states that made this list. California received strong grades for the growth category (5) and took the number one spot for business environment. California’s employment grade was the definition of mediocre, coming in a number 25.
  4. Utah
    1. Utah had the fourth strongest economy in 2017. The industry state ranked first in terms of employment and fifth in business environment. Utah’s weakest category was growth. The state placed 20th in this category.
  5. Massachusetts
    1. As previously mentioned, Massachusetts ranked fifth on the USNews “Best States for Economy” list. The state ranked well for business environment (2) and employment (4). While these numbers are great, Massachusetts placed below the median line for growth (26).

The states are ranked by metrics that have a relation between to the economy. Growth, employment, and business environment are all factors that contribute to the strength of the economy of each individual state. 2017 was a good year for the United State’s economy overall. The nation’s economy was powered by great years from states like Colorado, North Dakota, and California.

Is Divorce Good For The Economy?

When two people get married, they do not expect their relationship to end in a divorce. Unfortunately, a large portion of marriages end in divorce, but that number is dropping. The National Center for Family & Marriage Research reported that in 2015, 16.9 of every 1,000 married women received a divorce. According to the report, this number is down from 17.6 in 2014  and has decreased 25% since 1980. The locations in the United States with the highest divorce rate are Washington D.C., Wyoming, and Nevada; in that order. The states with the lowest rate of divorce are Rhode Island, Wisconsin, and Hawaii; in that order. Fun fact, Hawaii is the only state that fell under the 12 per 1,000 married women mark.

How Does Divorce and the Economy Relate?

A big debate about divorce is if it positively or negatively affects the economy.

  • Divorce slows economic growth
    • A common trend in economics is if there is an increase in households, there is a decrease in the economic growth rate. Naturally, an increase in divorce causes an increase in the number of households, an increase in the amount of power being used, an increase in the number of resources being used, etc. Therefore, an increase in the divorce rate leads to a decrease in the economic growth rate.
  • Changing family formula driving down divorce rates
    • The average divorce rate for first-time marriages is 41%. There are a number of factors that weigh into the divorce rate and how it fluctuates including age, first-time marriage, location, finances and other factors.
    • A change in the family formula means that the traditional roles of the family members are changing. An example of this is, for many households, the woman or mother is now the financial supporter. This has led to an increase in the number of dual-income families, which bring down the divorce rate. Another factor is that couples are getting married at a later age. It is believed that couples who wait to marry, are less likely to get a divorce.

What Factors Into Divorce Rates?

There is a wide variety of reason that people become unhappy in their marriage and decide to get a divorce. The following factors all play a part in any divorce:

  • Age
    • There is a direct correlation between the average age couples are getting married and the rate of divorce. According to CNBC, in 1950, the average age of men getting married was 23 years old; the average age of a woman getting married was 20 years old. Over the next 59 years, the average age of marriage has increased to 28 years old for men and 26 years old for women. The sweet spot for marriage is about 28-32 years of age.
  • Education Level
    • Education Level plays a factor in divorce. Couples who have a college degree are about 10% less likely to get a divorce. Women who completed college have a divorce rate of 14.2:1,000. The divorce rate rises to 23:1,000 when women do not finish college.
  • Location
    • Where you live when you get married has a factor in divorce rates. Nevada and Maine have the highest divorce rate, 14%. New York, New Jersey, Utah, California and North Dakota all have considerably lower rates.
  • Race
    • According to the 2014 Community Survey, the ranking of race and divorce race is as follows: Asian women, Hispanic women, white women, then black women.
  • Sexuality
    • A report came out that same-sex marriages in New Hampshire and Vermont had a lower rate of divorce than heterosexual couples. Shortly after, the Washington Post came out with an article that stated this is not true. The article also stated that the rates are the same.
  • Children
    • Usually, having children decrease the likelihood of a divorce, but having children often decreases the parents’ rate of happiness and their life satisfaction.
  • Religion
    • Religion tends to be a marriage give marriages some stability. The highest rate of divorce over all religions is Christianity which comes in at 74%. The next highest is atheist at 20%.
  • Mental Health
    • Depression and substance use disorders are both factors in increasing the divorce rate.
  • Parents’ Marital Status:
    • Basically, if your parents were divorced, you are more likely to have a marriage end in divorce. This is due to the fact that you are brought receiving messages that convey the thought that marriages and relationships are not long-term.

All of these factors can weigh into why you a couple’s relationships may end in divorce, but they are not end all be all. There are exceptions to every rule.

A common misconception is that a higher divorce rate will lead to a stronger economy. This is simply not true. Divorce rates have an inverse relationship with the economy, as they go begin to decrease, the economy will begin to rise. If you are going to get a divorce, hopefully it is mutual and you and your partner can have a collaborative divorce. Contact a divorce attorney today to find out more about your options when it comes to divorce.