House committee approves bill to repeal Oklahoma's grocery tax
House committee approves bill to repeal Oklahoma's grocery tax
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Business InsiderI'm a Stanford professor who's studied organizational behavior for decades. The widespread layoffs in tech are more because of copycat behavior than necessary cost-cutting.
Many companies blame their mass layoffs on an economic downturn, but Stanford professor Jeffrey Pfeffer says simple copycat behavior is also at play.
- INSIDER
Americans could lose $20,000 in retirement savings and private student-loan borrowers could see their payments surge if Republicans don't raise the debt ceiling, a new report says
The Joint Economic Committee unveiled a report on the consequences failing to raise the debt ceiling would have on millions of Americans.
- Insider Monkey
15 Cheapest States to Live In
In this article, we will take a look at the 15 cheapest states to live in. If you want to see more states in this selection, go to the 5 Cheapest States to Live In. The rise in inflation over the last year has led many Americans to consider shifting to states with a lower […]
- Motley Fool
Joe Biden's 2024 Budget: What Retirees On Social Security Need to Know
President Biden's budget contains some good news for Medicare beneficiaries, but it offers no solution for the problems facing Social Security.
- The Fiscal Times
House Republicans Draw Up Their Debt Limit Demands
House Republicans said Thursday that they are preparing a “term sheet” of conditions they want met by the President Joe Biden and congressional Democrats before they agree to raise the federal borrowing limit and avert what would be a calamitous debt default. Rep. Jodey Arrington (R-TX), the chair of the House Budget Committee, told reporters that Republicans are finalizing a list of spending cuts they will demand and that Speaker Kevin McCarthy (R-CA) has prioritized finishing that “deal sheet”
- GOBankingRates
Social Security: Effort To Eliminate Pensioner Benefit Cuts Gains Momentum — Who Would Be Affected?
Efforts to repeal a pair of decades-old provisions that have restricted Social Security benefits for public-sector pensioners are gaining renewed momentum this year, though there will likely be a...
- GOBankingRates
Social Security: 20% Cuts to Your Payments May Come Sooner Than Expected
In more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, per CNN, unless Congress intervenes with measures to...
- The Telegraph
Foreign property buyers plunge after ‘Londongrad’ crackdown
A crackdown aimed at stopping criminals from laundering money through British property appears to be working after researchers revealed a drop in purchases by companies based in tax havens.
- GOBankingRates
Tax Cuts: 50% of States Are Pushing for Reductions or Eliminating Taxes Altogether
While the federal government is dealing with a debt ceiling crisis, many local states have a cash surplus: so-called "rainy day funds." In fact, 27 states are now considering cutting taxes (or...
- Business Insider
4 banks have collapsed in less than a month. Here's what Jerome Powell, Nouriel Roubini, Elon Musk and others are saying about the turmoil.
Deutsche Bank is the latest to spark concern, and it follows the recent collapses of Silvergate, Silicon Valley Bank, Signature and Credit Suisse.
- Fox News
Biden blasted for claiming GOP would slash border funding: 'Must be a parody'
President Joe Biden was blasted on Twitter Saturday after he claimed "MAGA" Republicans want to "slash funding for border security."
- Motley Fool
Is Bitcoin the Future of Banking?
Up more than 30% in the last two weeks, Bitcoin seems to be benefiting from troubles in the banking sector. But can it actually replace banks?
- SmartAsset
5 Things to Invest in When a Recession Hits
When the market is soaring, it's easy to forget that what goes up can also come down. But economic slowdowns tend to be cyclical, which means that another recession is in the future. Whether it's fast-approaching or still a ways off, it's … Continue reading → The post 5 Things to Invest in When a Recession Hits appeared first on SmartAsset Blog.
- Reuters
Fed's Kashkari: Banking stress brings U.S. closer to recession - CBS
Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the U.S. closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation. "It definitely brings us closer," Kashkari said. Kashkari, who has been among the most hawkish Fed policymakers in advocating higher interest rates to fight inflation, said it remained too soon to gauge the size of the “imprint” bank stress will have on the economy, and therefore too soon to know how it might influence the next interest rate decision of the Federal Open Market Committee.
- Yahoo Finance
Labor market: Workers are getting two jobs amid inflation, says industry watcher
'What we actually think is happening is that you’re going back to a time where people had two jobs,' Evan Sohn, CEO of Recruiter.com told Yahoo Finance Live.
- Yahoo Finance
What's next for the U.S. economy? 'The extent of these effects is uncertain.'
Turmoil in the banking system has made for a murkier outlook for the economy.
- Pensacola News Journal
V-22 Osprey program has been a win for our military. It deserves funding. | Guestview
It would be foolish to phase out a working program that our warfighters rely on, especially when there isn’t a clear plan to replace its capabilities.
- Reuters
Factbox: The biggest financial crises of the last four decades
Fears of banking contagion remain, and investors are worried that global economies will suffer if the effects of higher interest rates torpedo more lenders.
- AFP
'Great misery': Kuwait political crisis drags down economy
A seemingly never-ending political crisis is plunging oil-rich Kuwait's economy into the mire, affecting basic services and causing mounting public concern.This is "apparent in systemic malaise, in failures of planning and in mounting social woes", including over the deterioration of public services, the expert said.
- WITI
Milwaukee County Parks budget crisis, funding flat for decades
Milwaukee County Parks is facing a budget crisis. Battling deferred maintenance, inflation and invasive species -- the parks themselves are in trouble.