Too Short On How Much He Charges Major Label And Local Artists For Verses

In this clip, Too Short talks about collaborating with Kelis on a song produced by the Neptunes called “Bossy.” He described the events leading up to the partnership and what it meant to him in the latter part of his career before Shirley Ju informed him that he has partaken in 20-30 gold-selling records as a guest feature. To that, the Bay Area rap legend names off some of his greatest collaborations that have earned him plaques such as his work with E-40, Jay-Z, Foxy Brown, and Snoop Dogg.

As the interview moves along, Too Short talks about the way in which his friendships with East Coast rappers blossomed in wake of his first retirement back in the 90s. The Oakland native attributes the friendships that he developed with rappers like Eric Sermon, Keith Murray and Redman. Then, he tells an interesting story about how he and Keith Murray hung out for an entire day, which eventually ended with the two of them going to an infamous nightclub called in NYC called “The Tunnel.” He reveals that Keith Murray had a razor blade in his mouth for the entire day until he spat it out at some point later that night. Lastly, Too Short shares the backstory for some of his favorite collaborations with East Coast rappers such as “Buy You Some” with Eric Sermon, before explaining his logic for working with a litany of unknown rappers all over the country.

Your Earthquake Kit Should Include Cash. But How Much?

Dear Liz: In these uncertain times, I decided I need to have cash on hand. I withdrew $500 in small bills from the bank and put it in a fireproof pouch. Is there a recommended amount of cash one should have available for emergencies?

Answer: The appropriate amount depends on how much you spend and how paranoid you are.

Many financial planners recommend storing a few hundred dollars somewhere safe in your home in case a widespread electrical outage — after an earthquake, for instance — affects ATMs and point-of-sale devices. The idea is that you’ll want enough cash to cover spending for a few days until the power comes back on. Smaller denominations are better than larger ones because you may have trouble finding anyone to give change for $50 or $100 bills.

Emergency preparedness sites tend to recommend storing even larger amounts — $1,000 to $3,000, or whatever you would need — in case access to ATMs and credit cards was affected for a few weeks.

Obviously, storing cash has its perils. The money could be lost, stolen or destroyed in a disaster. You’ll have to weigh those risks against the possibility of needing the cash, and make your own call.

Dear Liz: You mentioned in a recent column that people should check estate plans created before 2010 because they might contain bypass trusts that are no longer needed. The classic AB Trust, although not necessary now for the estate tax exemption for most people, still can be useful if one spouse wants to ensure her half of the estate goes as she desires if she is the first to die.

Answer: Possibly, but people should make the decision proactively by having their estate plan reviewed and discussing their options with an experienced attorney, since these trusts have some significant disadvantages.

Bypass, or AB, trusts were a routine part of estate planning even for middle-income couples when the estate tax exemption limit was just $675,000. When the first spouse died, a portion of the couple’s assets went into an irrevocable trust that would avoid estate taxes when the surviving spouse died. Because the trust was irrevocable, the surviving spouse couldn’t change its terms and had limited access to the assets.

Also, assets in the irrevocable trust don’t get a step up in tax basis when the survivor dies. That means the ultimate beneficiaries could wind up paying higher capital gains rates when they sell the assets. When the estate tax exemption limit was low, couples were gambling that the estate tax savings would outweigh the future capital gains cost.

Today, far fewer families have to worry about estate taxes. The exemption limit for 2022 is over $12 million per person and over $24 million per couple. Even after the current limit sunsets in 2025, individuals would be able to exempt over $6 million and couples over $12 million from estate taxes. Estate tax exemptions are also now “portable,” which accomplishes much of what the AB trust was designed to do in ensuring the exemption of the first to die wasn’t “wasted.” Now the amount of the exemption limit that isn’t used by the first spouse to die can be transferred to the survivor’s estate.

Bypass trusts are still routinely used for wealthier people and those who live in states with low estate tax exemption limits, but for many people this estate planning tool has outlived its usefulness.

Dear Liz: You recently stated Social Security numbers were never intended to be used as a universal identifier. I’ve found that every place asking for my number has other means of identification and will ask for my mother’s maiden name or my place of birth when I tell them I don’t use my Social Security number for identification purposes. This also works for financial institutions that have a legitimate claim for having it.

Answer: To clarify, you probably had to disclose your Social Security number when you applied for accounts at your financial institutions. You also typically need to disclose it when you apply for credit, employment or government benefits.

But you don’t necessarily have to cough it up on demand to verify your identity or to do business with the many, many other companies and organizations that ask you for it without good reason to do so.

Source: LA Times

COVID-19 Cases Recorded In Antarctica For First Time – Isolated Continent Reportedly Registers First Infections After 36 Chileans Fall Ill At Research Base

Antarctica, once the only continent not to be affected by the coronavirus pandemic, has reportedly recorded its first cases. The 36 new infections are among people stationed at a Chilean research base and include 26 members of the Chilean army and 10 maintenance workers.

Spanish-language media reported the outbreak at the General Bernardo O’Higgins Riquelme research base on Monday.

In a statement, the Chilean army said: “Thanks to the timely preventive action … it was possible to relieve said personnel, who, after being subjected to a medical control and the administration of a PCR test … turned out to be positive for Covid-19,” according to Newsweek. It reported that three crew members on a ship providing support to the base have also tested positive since returning from their mission to Antarctica.

The 36 individuals who tested positive have since been evacuated to the city of Punta Arenas in Chile, where they are reported to be under isolation and in good condition.

General Bernardo O’Higgins Riquelme is one of 13 Chilean bases on the island, the ABC reports.

Trying to keep the virus at bay in Antarctica has come at a cost. All major research projects in the Antarctic have been halted. As a result, research by scientists around the world has been interrupted.

While the continent has no permanent residents, it 1,000 researchers and other visitors stayed on the island over winter, according to the Associated Press.

In March, as the world locked down in response to Covid’s rapid spread, the Antarctic programs agreed the pandemic could become a major disaster. With the world’s strongest winds and coldest temperatures, the continent roughly the size of the United States and Mexico is already dangerous for workers at its 40 year-round bases.

Source: The Guardian