Higher prices, crushing debt? Bidenomics just gets better and better!
Remember in 2021 when the Biden administration ordered the Treasury Secretary to Janet Yellenare Americans assured that inflation is “temporary” and will end soon? Yellen has since changed her tune, saying it is important to keep inflation in check. Joe Biden’s Top priority. If so, he and his administration need to refocus. Whatever they are […]
Buffett’s Berkshire reveals over $6B investment in Chubb, sending shares higher
Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation, talks about investing in Ukraine, which is in the middle of a war with Russia, on “Claman Countdown.” Warren Buffett’s Berkshire Hathaway disclosed a new $6.72 billion investment in insurance company Chubb in a regulatory filing Wednesday, sending the company’s stock price to […]
Jerome Powell urges patience on rate cuts, inflation index higher than expected
Federal Reserve Chairman Jerome Powell on Tuesday called for patience and said he was losing confidence in the outlook for lower inflation this year after key indicators came in better than expected. The producer price index (PPI), which measures prices at the wholesale level, rose 0.5% last month, beating the Dow Jones estimate of 0.3%, […]
We Can Likely Be Fiscally Sustainable with ‘Higher Ratio of Debt to GDP’
In an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen said that even with a rate hike, interest rates are lower than they have been in decades, so “we can probably get out on a fiscally sustainable path.” Ta. [a] The debt-to-GDP ratio is slightly high. ” Yellen said President Joe Biden’s budget proposal […]
Hotter inflation keeps mortgage rates higher, but housing inventory building: Fannie Mae
Fannie Mae has said that if inventory builds up and borrowing rates remain high for an extended period, home prices could fall. (iStock) With interest rate cuts further away, there is no end in sight for high borrowing costs. Still, a surge in housing inventory could give buyers more options, Fannie Mae said in a […]
Gen Z Struggling with Low Income, Higher Debt-to-Income Ratio
Recent research shows that Gen Z is struggling financially, with lower incomes and higher debt-to-income ratios than when Millennials were their age. a study According to consumer credit reporting agency TransUnion, a survey of 614 Gen Z adults who are currently 22 to 24 years old and 623 Millennials who were 22 to 24 years […]
Race-based, higher ed funding formula advocates want state to cover student costs
(The Center Square) – A new, more “equitable” higher education funding formula being discussed at the Illinois statehouse would transfer student costs such as tuition to taxpayers. “Equitable funding formula for higher education” was the subject matter of a hearing in Springfield of the Illinois House Appropriation-Higher Education Committee. The proposed new formula for the […]
HART: Foolish College Antics Accelerate Downward Spiral Of Higher Education
Note: This is a satirical piece. The liberal islands of college campuses continue to fail us. A look at the response to the Arab Spring Break protests across the country tells you all you need to know. At my alma mater (or most state universities), this didn’t happen because kids had to find jobs after […]
Buffett predicts higher taxes due to rising deficit
Treasury Secretary Janet Yellen talks about the Biden budget, the US dollar, and FinCEN in an exclusive interview with FOX Business. billionaire warren buffett Rather than cutting spending, the federal government believes it will increase taxes in the future to address the growing budget deficit. “I think a tax increase is likely,” Buffett said Saturday. […]
Threats to Jewish Students a ‘Real Crisis Across Higher Education’
On FNC’s “Hannity” on Friday, Rep. Elise Stefanik (R-N.Y.), the chair of the House Republican Conference, told stand-in host Kayleigh McEnany that the House Republican Party would not support Jewish students in American colleges and universities. He said he was expanding the investigation into threats against students. She said the threat to Jewish students, especially […]