The Budget Act of 2022 is working its way through the State Legislature and $25 million could be used to help address homelessness along the American River Parkway. The money would be specifically for Sacramento County. Assemblymember Kevin McCarty spoke with KCRA 3 on how the funding would be used.
- Business Insider
Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history, and it could lead to a major recession
"The last two years [are] one of the biggest policy mistakes in the 110-year history of the Fed, by staying so easy when everything was booming."
- LA Times
California Gov. Gavin Newsom signed two laws Sunday that will make it harder to sell stolen catalytic converters.
In most American cities, it can be hard to live off just a Social Security check. For 2022, the average monthly Social Security benefit for retirees is just $1,623.10. That doesn't leave a lot of...
The continuous raising of interest rates by the Federal Reserve to tame inflation has become a divisive topic.
Many states had a budget surplus in 2022 or excess money from COVID relief aid. This means a windfall for many taxpayers who can expect one-time direct deposits in plenty of time for the holiday...
- Motley Fool
In the coming years, it expects to fall short on revenue, due to an anticipated mass exodus of baby boomers from the labor force. Granted, as baby boomers exit the workforce, it should clear the way for more younger workers to become gainfully employed. As such, Social Security needs to dip into its cash reserves, known as its trust funds, to keep up with scheduled benefits as its main revenue source shrinks.
Faced with exploding energy and ingredient costs, German baker Tobias Exner has installed new energy-efficient ovens, shortened his opening hours and even considered baking at lower temperatures.
Although the federal government has not revealed plans to issue any further stimulus checks, several states are issuing tax refunds to residents as a result of surplus budget funds in 2022. Student...
- NBC News
As housing sales slow amid higher interest rates, thousands of workers who found jobs in the booming housing market of the pandemic are now facing widespread
There are no reasons to be thankful for high inflation. However, unexpected -- but not necessarily unfortunate -- consequences of this year's persistently high inflation rate will be...
- Business Insider
BlackRock says markets will get 'Fed up' with too much tightening as growth slows, with Powell showing the most resolve since Paul Volcker
Fed rate hikes show "an impressive resolve and a commitment rarely seen at the central bank since the days of Chairman Paul Volcker," BlackRock said.
At Ulaanbaatar's Naiman Sharga money exchange market, elderly women stand in the street waving wads of money at passers-by, encouraging them to change foreign currency to Mongolian tugriks.
Indian consumers, tempered by inflation and wth their hopes dashed by an erratic monsoon, may not spend heavily this coming festive season.
Federal Reserve officials have a busy week of speeches ahead. Investors are desperate for more information on the future of rates.
- Yahoo Finance
The UK economy is once again under a microscope with a new prime minister in office and the passing of Queen Elizabeth II.
With warm weather and relatively affordable living costs, Arizona has long been a popular destination for retirees. While the average monthly costs of the necessities (rent, groceries, healthcare and...
- The Hill
Two high-ranking Russian lawmakers on Sunday criticized those carrying out Russian President Vladimir Putin’s move last week to draw up some 300,000 reservists to fight in Ukraine. Valentina Matviyenko, who chairs Russia’s upper legislative chamber the Federation Council, wrote in a Telegram post that she was aware of men who are ineligible to fight in…
- Associated Press
As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Bakers who can't afford to heat their ovens are talking about giving up, while fruit and vegetable growers face letting greenhouses stand idle. In poorer eastern Europe, people are stocking up on firewood, while in wealthier Germany, the wait for an energy-saving heat pump can take half a year.
- The Daily Beast
CNNTwo of the most senior officials on the Jan. 6 committee said this weekend they personally believe the committee could make a unanimous decision to refer former President Donald Trump for criminal prosecution—should that be what it chooses to do.Reps. Adam Schiff (D-CA) and Liz Cheney (R-WY) made the claims over a 12-hour period, each of them noting the committee could make a unanimous decision to refer the twice-impeached former president for prosecution.“We operate with a high degree of con
- The Telegraph
Liz Truss's £45bn tax cutting spree has set Britain on course for a bailout from the International Monetary Fund, a leading economist dubbed Dr Doom has warned, as fears grow that the pound could fall to parity with the dollar.