Category: #Money
Global food prices continue to surge, hitting 7-year highs, UN says
A new report by the Food and Agriculture Organization (FAO) of the United Nations shows that global food commodity prices rose in March, marking their…
Sanders expresses ‘serious concerns’ with Biden’s defense increase
Senate Budget Committee Chairman Bernie Sanders (I-Vt.) expressed “serious concern” Friday over President Biden’s proposed $12.3 billion increase in defense spending.”At a time when the…
America is on the edge of its biggest economic boom since 1946
America’s financial titans are coming to a consensus: We are on the early edge of the biggest economic boom since World War II, with the…
Biden rescinds Trump-approved Medicaid work requirements in Michigan, Wisconsin
President Biden this week rescinded former President Trump’s permission for Michigan and Wisconsin to institute work requirements for recipients of Medicaid.The Centers for Medicare and…
The bull market is showing more signs of overheating
There are a growing number of signs the bull market in equities is overheating, with indicators of investor complacency and risk-seeking reaching the highest levels…
Rep. Ayanna Pressley Urges President To Act On Student Loan Debt As Biden Considers Executive Action
Long reluctant to erase student loan debt by executive order, President Joe Biden may be shifting his position. Education Secretary Miguel Cardona was asked to…
Dow hits new record as brightening outlook unleashes bulls
A blockbuster jobs report and a strong reading on the US services sector are boosting investor sentiment. Source: https://www.aljazeera.com/economy/2021/4/5/dow-hits-new-record-as-brightening-outlook-unleashes-bulls Proactive Computing found this story and…
S&P 500 hits 4,000, nearly double its pandemic low
Chart: Axios Visuals The S&P 500 crossed the 4,000 mark on Thursday, a little over a year after the index hit its pandemic low. Why…
Payment deferrals were a lifeline for millions during Covid. What happens when those end?
Consumer advocates warning of a looming debt crisis say they want the government’s watchdog to take an aggressive role in policing predatory entities. Source: https://www.nbcnews.com/politics/joe-biden/payment-deferrals-were-lifeline-millions-during-covid-what-happens-when-n1261825…
U.S. Navy offers to help clear cargo ship from Suez Canal
The U.S. Navy has offered to help Egyptian officials to clear the Suez Canal, where a cargo ship has been stuck and blocking all traffic…
63 percent approve of COVID-19 relief bill: poll
Sixty-three percent of Americans approve of the $1.9 trillion coronavirus relief bill signed into law earlier this month, according to a … Source: https://thehill.com/homenews/news/545075-63-percent-approve-of-covid-19-relief-bill-poll Droolin’…
WWII codebreaker Alan Turing honoured on new UK bank note
Turing was a mathematician and is considered the father of modern computing. Source: https://www.aljazeera.com/news/2021/3/25/wwii-codebreaker-alan-turing-honoured-on-new-uk-bank-note Droolin’ Dog sniffed out this story and shared it with you….
Man’s final paycheck comes in form of 91,500 oil-covered pennies dumped in his driveway
Andreas Flaten of Georgia said his former employer gave him his final wages by dumping $915 worth of greasy pennies in his driveway. Flaten had…
Huge ship still blocking Suez Canal like ‘beached whale’ leaves global trade in a jam
Experts said that the frenzied flotation efforts could take longer than many would hope, with the head of one of the salvage companies likening the…
Senate Democratic moderates push for minimum wage compromise
Moderate Senate Democrats are pushing their leaders for a more modest approach to the party’s signature minimum wage hike, arguing for a compromise that can…
Watchdog says DeVos made nine figures in outside income during Trump years
Former Secretary of Education Betsy DeVos earned an estimated nine figures in outside income while serving in the Trump administration, according to a Washington, D.C.,…
USDA increasing SNAP benefits with pandemic relief funds
The U.S. Department of Agriculture (USDA) announced on Monday that it would be increasing Supplemental Nutrition Assistance Program (SNAP) benefits, also known as food stamps,…
Ditch the dollar & scrap Western payment systems with us to avoid US sanctions’ sting, Russian Foreign Minister Lavrov tells China
Beijing and Moscow could together reduce their vulnerability to Western sanctions by divesting from the dollar and building their own financial systems to rival international…
Driving downtown? Get ready to pay extra
The pandemic is giving new life to plans across the U.S. to charge drivers a European-style toll to drive into congested downtowns, in hopes of…
One of the most complex tax seasons ever
This year’s tax season is shaping up to be a gnarly one. The IRS has agreed to give Americans an extra month to file their…
Biden says he plans ‘small to significant’ tax hike for those making over $400,000
Republicans are sure to oppose any such effort by the president and his Democratic allies. Source: https://www.nbcnews.com/politics/joe-biden/biden-says-he-plans-small-significant-tax-hike-those-making-n1261292 Droolin’ Dog sniffed out this story and shared…
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