NONE..... They are begging President Biden to go first..... It IS that BAD..... How do you negotiate with someone who has no idea what they want? That’s the challenge for President Biden as Republicans say he must (A) satisfy their fiscal demands before they’ll … [Read more...] about Republicans have NO Budget or Debt plan…..
US Economy
Fed’s setting up more money to back up the banks…..
Don't call it what it is.... Circa 2008/2009? The Federal Government is seeking to' bail out 'the banks depossits IN WHOLE...... The 'crisis' mode has dropped from the headlines but things ain't normal for the industry which has tried to prop up things on it's own with … [Read more...] about Fed’s setting up more money to back up the banks…..
FED interest rate raised .25%
This is NOT a surprise.... Fed raises interest rate for the Big banks .25%... They admit their efforts on Inflation are NOT doing that good.... Update... Federal Reserve officials raised interest rates by a quarter-point on Wednesday as they tried to balance two … [Read more...] about FED interest rate raised .25%
420,000 LA students have the day of from school due to a teachers strike…..
The strike will last until Friday, when employee's will return to work.... Classrooms in Los Angeles sat vacant again on Wednesday morning, as tens of thousands of teachers and employees in the nation’s second-largest school district continued a three-day strikethat has left … [Read more...] about 420,000 LA students have the day of from school due to a teachers strike…..
Second weak Bank First Republican has Big Banks coming to the rescue…
This IS a heartening signal about the US Banks taking care of business.... Eleven of the nation’s largest banks announced Thursday that they would deposit a total of $30 billion into First Republic Bank, as Wall Street and U.S. officials staged an emergency intervention … [Read more...] about Second weak Bank First Republican has Big Banks coming to the rescue…
Inflation has slowed…But is still High…..
Ask anyone buying groceries.... The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual … [Read more...] about Inflation has slowed…But is still High…..
Some state lawmakers want kids to do more work….
And increasing number of state's want to allow teenagers to put in more hours at work.... Probably at a cheaper rate of pay.... Competition against migrant labor? The economy is doing soooooo good we're reaching down for kids to work? Legislators in multiple states … [Read more...] about Some state lawmakers want kids to do more work….
Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….
11:00 DST NY 3/15/2023..... Stocks tumble as Credit Suisse woes add to banking sector jitters Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse... More... Did we say late … [Read more...] about Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….