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Personal Finance Daily: Three ways the tax code ‘amplifies’ the black-white wealth gap and the CDC finally issues social distancing guidelines

Friday’s Personal Finance Stories. Read More...

Happy Friday MarketWatchers. Don’t miss these top stories:

CDC finally issues social-distancing guidelines as states press forward with reopening plans

The Centers for Disease Control and Prevention on Friday issued a set of social-distancing guidelines for Americans as states and cities begin to reopen their economies.

‘At the most elite institutions, college can basically be a finishing school:’ Coronavirus casts light on the value of higher education

After universities moved online in the spring, the question of what college tuition actually buys took on new resonance.

2020 looks like an unprofitable year for rental properties. How to handle the taxes

If your rental property throws off tax losses, things can get complicated.

Did quarantining hasten the end of your marriage? If so, avoid these tax pitfalls

Getting divorced can be a major financial transaction with major tax consequences.

Millions of African Americans and Native Americans were uninsured as pandemic hit: ‘Having COVID-19 is scary enough’

‘The pandemic is laying bare the lethal inequality of American society and American health care.’

Adults with severe mental illness account for 1 in 4 people killed in police encounters

Amid calls to defund police, mental-health advocates call for rethink of public safety.

Should I tell my sister that her husband, a notorious spender, has a secret credit card?

‘My niece told me that her dad, my brother-in-law, has a secret credit card that my sister doesn’t know about.’

3 ways the tax code ‘amplifies’ the black-white wealth gap

Many black taxpayers aren’t in a financial position to access the tax code’s ‘special aspects.’

‘Higher education essentially preserves intergenerational racial and class inequality’: How coronavirus could make it worse

With colleges squeezed for revenue, persistent problems are likely to continue.

‘Disneyland reopening schedule looks like the unsafest thing ever’: Thousands sign petition asking to delay July opening

Guests will be required to make reservations in advance, and they’ll have temperature screenings before entering the parks.

Elsewhere on MarketWatch
Fed’s Barkin says best stimulus plan would be common standards so consumers feel safe to shop

The best stimulus plan for the economy would be common standards so consumers feel safe to shop and go to restaurants, said Richmond Fed President Thomas Barkin on Friday.

Queen Elizabeth II joins the rest of the world on ‘Zoom’ for her first public outing online, showing support for U.K.’s COVID carers

The 94-year-old head of state joins the rest of the world using videconference platforms which have seen rapid user growth due to travel bans and people working from home.

Coronavirus-induced recession is putting downward pressure on wages, Fed says

Anecdotal evidence suggests that the recession is putting downward pressure on wages, the Federal Reserve said Friday.

Oddsmakers say Joe Biden is the favorite over Donald Trump in the 2020 election

Joe Biden currently has a 52.6% chance of winning, while Trump has a 40.5% chance.

Don’t give up on low-volatility stock strategies just yet, despite their poor recent performance

Over the long term, this approach handily beats the S&P 500, with much lower volatility.

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