Finance
A Life of Passion and Purpose: Fay Pacchioli's Story
2025-05-13

Fay Pacchioli, a 93-year-old bookkeeper from Pennsylvania, shares her remarkable journey through life, balancing work, family, and personal interests. Despite not being wealthy, she cherishes her independence and active lifestyle. Pacchioli recounts her experiences growing up during the Great Depression, founding her business over five decades ago, and maintaining a vibrant social life today. Her reflections highlight the importance of staying engaged and adaptable as one ages.

From running her pet supply store to embracing part-time work after selling the business, Pacchioli demonstrates how meaningful employment can contribute to well-being in later years. She emphasizes finding joy in daily activities while nurturing relationships with family and friends. This inspiring narrative offers insights into crafting a fulfilling life filled with purpose and connection.

Building a Legacy Through Entrepreneurship

Pacchioli’s entrepreneurial spirit began early when she started working at ten years old. Over time, she developed skills in various roles before establishing her own business. Selling grooming equipment initially out of her car evolved into opening Sandy King’s, a thriving pet supply store that has operated for over half a century. Her dedication ensured its success despite challenges such as limited space and financial constraints.

Beginning with teaching others about dog handling and ordering necessary supplies for them, Pacchioli expanded her offerings significantly. When she encountered skepticism regarding her store location due to accessibility issues, she responded by investing in signage visible from the main street. Such strategic decisions helped transform what was once just an idea into a lasting establishment. Eventually selling the business to her daughter allowed her to transition gracefully without entirely stepping away from managing finances.

Cultivating Balance Amidst Retirement

While technically retired, Pacchioli continues contributing meaningfully through bookkeeping services. Recognizing the value of staying active, especially following her mother's example who remained intellectually stimulated until late in life, she schedules her days flexibly yet productively. Working fewer hours allows leisure pursuits like therapy sessions, caring for her beloved dog Miss DeeDee, and occasional housecleaning tasks interspersed with rest periods facilitated by regular visits from her monthly housekeeper.

Pacchioli maintains strong connections within her community and beyond, participating actively in alumni gatherings and playing bridge regularly. These engagements provide mental stimulation alongside physical movement required moving between tables during games. Family support remains crucial; they assist whenever needed, exemplified recently after her transient ischemic attack which temporarily restricted driving privileges. Additionally, spending summers at her lakeside residence encourages increased physical activity compared to urban living arrangements. Ultimately, her advice underscores prioritizing engagement whether professionally volunteering or socially interacting ensuring vitality throughout advanced age stages.

Utah's 2034 Winter Games: A Financial Blueprint for Success
2025-05-13

The planning for Utah’s upcoming 2034 Winter Games is gaining momentum, with a revised financial strategy aimed at securing private support. The latest fundraising target has been set at an ambitious $300 million, marking a significant increase from the initial goal of just over $163 million. According to Steve Starks, vice chair of the organizing committee and Olympic adviser to Governor Spencer Cox, this adjustment reflects a proactive approach to ensure long-term financial stability. By relying on donations, organizers hope to avoid placing any burden on local or state taxpayers, echoing the successful funding model used during the 2002 Winter Games in Salt Lake City.

A robust network of supporters is already emerging as institutions and foundations express interest in contributing to this historic event. Starks emphasized the importance of these contributions, not only to cover immediate costs but also to sustain operations leading up to the games. Given the restrictions on competing with Los Angeles, host of the 2028 Summer Games, for U.S. sponsorships, early donation efforts are crucial. During the interim period until commercial funds become available, the team plans to operate within a budget of less than $28 million. This cautious approach aims to safeguard against unforeseen economic challenges while preserving the legacy of fiscal responsibility established by previous games.

In preparation for the monumental task ahead, the organizing committee has expanded its workforce significantly since officially commencing operations in March. Alongside newly appointed full-time employees, several key roles have been filled through contracts and part-time arrangements. Additionally, the committee has secured donated office space in downtown Salt Lake City, demonstrating strong community backing. Fraser Bullock, president and chair of the organizing committee, highlighted the collaborative nature of the effort, involving at least 75 individuals thus far. As part of their outreach initiative, a "listening tour" will commence on May 19, engaging directly with residents across various host communities to gather input and foster inclusivity.

This comprehensive approach underscores the commitment to creating a lasting impact beyond the games themselves. By fostering partnerships, ensuring transparency, and actively involving the public, Utah is poised to deliver another remarkable global event that celebrates unity, resilience, and shared aspirations. Such endeavors inspire collective action and remind us of the power of collaboration in achieving extraordinary goals, setting a benchmark for future international sporting events worldwide.

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Proposed Tax on International Money Transfers Sparks Debate
2025-05-13

A new fiscal initiative from the House Republicans proposes a levy of 5% on certain global fund transfers, commonly referred to as remittances. This has ignited a fierce advocacy struggle among industry bodies representing firms involved in these transactions. The proposed tax is aimed at generating substantial revenue needed for various national priorities, including border security and tax reforms.

Despite some reservations about the broader bill, even fiscal conservatives have expressed backing for this specific tax, particularly when it pertains to individuals residing in the U.S. without legal documentation. As lawmakers search for billions to support their legislative agenda, eliminating this provision could prove challenging for its adversaries. According to the World Bank, workers in the U.S. annually send significant amounts overseas to support family and friends abroad.

Industry associations involved in international money transfers recently attempted to dissuade the Ways and Means Committee from incorporating such a tax into the comprehensive legislation but were unsuccessful. The financial services sector continues to advocate against the measure, emphasizing potential impacts on both businesses and recipients abroad.

The ongoing dialogue surrounding this tax proposal underscores the delicate balance between securing necessary funding for critical national projects and protecting the interests of those affected by such policies. It highlights the importance of thoughtful consideration in crafting legislation that affects millions globally while addressing domestic needs effectively.

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