Nearly two years ago, at the age of 56, Janet K. Redman found herself at a personal and professional crossroads after 12 years as a successful financial adviser in Delaware.
Her parents had both recently died. “I had spent the last decade or so staying near them, helping them as much as I could, so their loss really hit me hard,” she said. At the same time, she came to terms with how unhappy she was at the financial firm where she worked. “I wasn’t enjoying what I was doing.”
She and the firm agreed to split. She didn’t have another job lined up and wasn’t sure what lay ahead. “I spent three or four months kind of lost, really trying to figure out what to do,” she said.
That took her on a journey that would reignite goals she had as a teenager for an environmental career.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
Who Pays for Covid-19 Medical Care? That Depends on How (or if) You Are Insured: Pandemic has put a spotlight on the vast differences in affordability of health care across the country.
PLANNING & INVESTING
These Funds Let Investors Profit from Companies Hurt by the Pandemic: ETFs and other financial products that invest in or acquire distressed businesses are gaining interest.
From Dow Jones Newswires
Nearly 100,000 restaurants have closed as a result of the pandemic, representing one in six locations, according to a new survey by the National Restaurants Association. Forty percent of operators tell the trade group they won’t be in business in six months, the survey of more than 3,500 finds. Sales were down by 34% in August, and the association predicts restaurants will lose $240 billion this year. The association added that restaurants need Congress to pass a federal rescue package before the November recess or face waves of further closures beginning in the fall. “As fall and winter approach, restaurants that are still open will face even greater challenges as customer traffic declines. We simply cannot wait for the perfect solution from Congress,” the trade group writes in a letter to House and Senate leaders (firstname.lastname@example.org; @heatherhaddon)
Delta’s decision to turn down a $4.6B government loan could open the door for rivals looking for a bigger share. Congress set aside $25B for loans to struggling airlines under the Cares Act, a broad stimulus package passed in March. Airlines have until the end of this month to draw those loans, Southwest and now Delta have said they’ve got better options elsewhere and won’t be going ahead. American Airlines has said it will ask for a larger loan than the $4.75B it was originally entitled to, since its competitors aren’t using their funds. It remains to be seen whether the Treasury will redistribute the funds among participating airlines. (email@example.com; @alyrose)
BUSINESS & PRACTICE
Blank-Check IPOs in Europe Show Signs of Life: The offerings have been more popular in the U.S., in part because investors get greater influence over deals there.
Banking Is Now Ahead of Other Industries in Promoting Women: Citigroup’s appointment of Jane Fraser reflects efforts to elevate women across banking, though many say work remains to transform the industry.
The Biggest Money Mistakes People Make in a Recession: Facing a downturn is hard enough without falling into the common traps in the way we save, invest and spend our money.
TRAVEL & LIFESTYLE
Yes, Your Dog Can Be Allergic to Your Cat: Allergy cases are on the rise among pets, with animals allergic to dust, grass, pollen—each other.
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SOURCE: MoneyBeat – Read entire story here.