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BC-US--Business Features Digest, US

August 23, 2018

The Business News enterprise package planned through Aug. 27. For comments or questions, call 212-621-1680.For questions about photos, call ext. 1900. For questions about graphics, call ext. 7636.

FINANCIAL PICTURE-PREPARYING FOR A DOWNTURN — The economy is growing, the stock market is soaring and unemployment remains low. It’s the perfect time to prepare for the worst. AP spoke to some experts about what steps to take now while things are hot to better position yourself for when they, inevitably, are not. By Sarah Skidmore Sell. UPCOMING: Thursday, 750 words by 1 p.m., photos.

DON’T CALL IT VEGAN — They’re new foods that don’t contain eggs, dairy or meat. Now, the word “vegan” is also missing. As companies look to lessen American’s reliance on animals for food, the term “plant based” is replacing “vegan” and “vegetarian” — partly because of unappetizing or polarizing associations the v-words might have. By Candice Choi. SENT: Thursday, 630 words, photos.

NERDWALLET-COLLEGE CREDIT CARD — Before paying college bills with plastic, be aware of school “convenience fees,” which could cost more than the value of any rewards or bonuses you’re hoping to rack up on your card. And that’s not even counting the interest that could mount up if you don’t get rid of your balance fast. Here’s what to weigh before using one type of credit to get another. By NerdWallet columnist Brianna McGurran. SENT: Thursday, 640 words, photos.

LONGEST BULL MARKET-MILLENIALS — Young people who dared to dabble in the stock market for the first time after March 2009 have made a handsome return. They’ve also never known a bear market. A look at their investment style and whether they might panic when the market inevitably hits a rough patch. By Stan Choe. SENT: Wednesday, 1,000 words, photos, graphic.

FEDERAL RESERVE-POWELL — Is financial turmoil in Turkey and other emerging economies at risk of spreading? Will America’s trade war with China derail the U.S. economy? Does the Federal Reserve have the means to fight the next recession? And: Is Chairman Jerome Powell troubled by President Donald Trump’s public denunciation of the Fed’s interest rate hikes? When Powell gives the keynote address Friday at an annual conference of central bankers in Jackson Hole, Wyoming, the world will be seeking any clues to his stance on those questions — and how any of it might affect the Fed’s rate policy. By Martin Crutsinger. SENT: Wednesday, 1,000 words, photos.

SMALLBIZ-SMALL TALK-MANAGING LAWSUITS — When a small business is involved in a lawsuit, an owner’s concern can’t only be about winning or losing — it also has to be about making sure the company stays on track. By Joyce M. Rosenberg. SENT: Wednesday, 900 words, photos.

SAVING BIG OIL-TEXAS — As the nation plans new defenses against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build a nearly 60-mile “spine” of concrete seawalls, earthen barriers, floating gates and steel levees on the Texas Gulf Coast. By Will Weissert. SENT: Wednesday, 1,100 words, photos.

ON THE MONEY-FAMILY TRAVEL — Little has changed in the two years since Congress prodded airlines to seat children 13 and younger next to an adult family member at no extra cost. The reason: The Trump administration has declined to draft new rules detailing how airlines should apply the new law. That means that kids, in some cases, are still being separated from their parents while other families are paying more — in advance — to guarantee seats together. By David Koenig. SENT: Wednesday, 1,100 words, photos.

FASHION-SMALL MANUFACTURERS — Customer demand for something unique is helping small clothes manufacturers buck the globalization trend and create jobs in developed countries that had long seen such work disappear. While international brands like H&M and Zara still dominate the clothing market, small manufacturers are finding a niche by using technology and skill to bring down costs and targeting well-heeled customers who are willing to pay a little more for clothes that aren’t churned out by the thousands half a world away. By Danica Kirka. SENT: Tuesday, 1,110 words, photos.

HERBALIFE-CIRCLE OF SUCCESS — Some distributors who claim they were duped by Herbalife’s promises they’d get rich selling health and personal care products are suing the company for as much as $1 billion in damages. By Curt Anderson. SENT: Tuesday, 1,000 words, photos.

NERDWALLET-DEBT-FREE VACATION — Vacations can be expensive, but with some clever planning, you can take your break without taking on debt. Tactics include finding cheap flights, saving in advance and using your credit card strategically. By NerdWallet columnist Sean Pyles. SENT: Tuesday, 800 words, photos.

GREECE BAILOUT-WHAT’S LEFT — For all the official pronouncements that Greece’s eight-year crisis will be over as its third and last bailout program ends Monday, few Greeks see cause for celebration. The economy is once again growing modestly, state finances are improving, exports are up and unemployment is down from a ghastly 28 percent high. But one in five Greeks is still unemployed. By Nicholas Paphitis. SENT: Monday, 1,000 words, photos.

US-CHINA TARIFFS-PLEAS FROM US COMPANIES — Fishermen complain that their catch will be taxed upon return to the U.S. from processing in China. A Utah semiconductor company fears higher costs for materials it imports from China. Starting Monday, the Trump administration will receive a rush of pleas from companies that say they’d suffer if the administration proceeds with tariffs on an additional $200 billion in imported Chinese goods. They represent further examples of how the trade wars the Trump administration is engaged in pose threats to American individuals and companies. By Paul Wiseman. SENT: Monday, 1,000 words, photos.

SPORTS BETTING-COLLEGE INTEGRIY FEES — Concerned that expanded sports gambling will bring additional costs for ensuring their games are on the up-and-up, college athletic departments are looking for a way to get a piece of the action. SENT: Monday, 1,200 words, photos.

NERDWALLET-LIZ WESTON-WORST-TIME-RETIREMENT — Investors are waiting for a correction as the bull market inches closer to its 10th year. For those retiring or near retirement, it’s not time to panic. Instead, work on a plan to prepare for the inevitable downturn. By Liz Weston, NerdWallet. SENT: Monday, 800 words, photos.

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