Category: #Money
Investors fear inflation, labor shortages in second half of 2021
Investors entered 2021 concerned about the transition to a new U.S. president, the form of new fiscal stimulus, the distribution of vaccines and the reopening…
Bitcoin Plunges as China’s Sichuan Province Pulls Plug on Crypto Mining
Bitcoin continued its dramatic plunge to $32,281 Monday morning, down 17.65% from a week earlier as some of China’s largest bitcoin mining farms were shut…
Million-dollar lotteries fail to cut through vaccine apathy
State efforts to juice Covid-19 vaccination rates through million-dollar lotteries haven’t reversed the steep decline in adults seeking out shots when many pockets of the…
Median annual wage for Black workers is 30% lower than for white workers
As we prepare for tomorrow’s federal Juneteenth holiday, commemorating the emancipation of enslaved Americans in Texas, our economy remains marred by the legacy of slavery…
Child tax credit checks could come as a surprise to some
The Biden administration is preparing to send money to millions of Americans — including to some who may not want it. Its plan to have…
How to Reduce the Financial Impact of a Data Breach
Whether there is a ransom or not, data breaches always have financial implications. Organizations may face regulatory penalties, operational losses, and reputational damage. Careful planning…
Jobless claims show surprise increase to highest level in a month
Most of the increase came from just two states — Pennsylvania, with 21,590 new claims; and California, which rose by 15,712. Source: https://www.nbcnews.com/business/economy/jobless-claims-show-surprise-increase-highest-level-month-n1271125 Droolin’ Dog…
Maine offering $1,500 payments to people on unemployment who go back to work
The Maine state government on Tuesday announced it would be providing $1,500 payments to be given to employees who start working between June 15-30 to…
5 takeaways from Britain’s G-7 summit
Biden gave them a boost but did the leaders deliver on the big issues like climate, coronavirus and China? Source: https://www.politico.eu/article/5-takeaways-from-britain-g7-summit-cornwall-boris-johnson-coronavirus-china-trade-coal-brexit/ Droolin’ Dog sniffed out…
First four states cut off federal unemployment benefits
Alaska, Iowa, Missouri and Mississippi eliminated their federal unemployment programs on Saturday, ending federal assistance for almost 340,000 workers. The states are the first four of…
Private colleges across America can’t pay their bills
Behind the scenes in colleges across the U.S., institutions are having trouble paying their bills. Why it matters: There’s a reckoning coming in higher education…
The household items inflation is hitting hardest
Data: U.S. Bureau of Labor Statistics; Chart: Michelle McGhee/Axios While a 5% increase in the Consumer Price Index grabbed headlines on Thursday, a third of…
Central banks are headed toward digital currencies
The U.S. is starting a national conversation around a central bank digital currency (CBDC). Why it matters: Several other countries have already experimented with or…
Unemployed workers in these four states lose their federal benefits this weekend
The Republican governors of Alaska, Iowa, Missouri and Mississippi are all shutting off federal pandemic unemployment benefits three months early. Source: https://www.nbcnews.com/business/economy/unemployed-one-these-four-states-you-lose-your-federal-benefits-n1270385 Droolin’ Dog sniffed…
Meat supplier JBS paid $11 million to its ransomware attackers
JBS says that backups got its meat processing plants operating again, but it paid $11 million to ransomware attackers to “mitigate any unforeseen issues.” Source:…
Half of the pandemic’s unemployment money may have been stolen
Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say….
Reducing poverty can actually lower energy demand, finds research
Ethiopians carrying jerrycans of water. (credit: UNICEF Ethiopia/2011/Lemma) As people around the world escape poverty, you might expect their energy use to increase. But my…
NFTs Are Crashing and Who Could Have Seen This Coming Other Than Basically Anyone?
The crypto world saw a dizzying surge this year of NFTs being used to sell ownership of everything from works of online art to random…
Norton 360 antivirus will soon mine cryptocurrency
Norton 360 will soon come with a built-in miner that will enable users to mine for Ethereum. Source: https://www.engadget.com/norton-360-antivirus-ethereum-crypto-miner-104547053.html?src=rss_b2c Proactive Computing found this story and…
Biden administration reverses Trump-era policy that hampered probes of student loan companies
The Biden administration announced Friday it is reversing a Trump-era policy and will broaden the ability for state and federal regulators to investigate large student…
States collected $2.7 billion in recreational pot taxes in 2020
Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales…
GOP senators unveil $928 billion infrastructure counteroffer
A group of Senate Republicans on Thursday released the framework for their latest counterproposal to President Biden’s infrastructure plan, raising their offer from $568 billion…
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