Tag: Finance News
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New York Blackout Imminent: Power Shortages Expected as Green Energy Transition Faces Delays
This vulnerability stems from the state’s plan to phase out natural-gas-fired “peaker” power plants, which are used during periods of high electricity demand, and replace them with green-energy sources like solar, wind, and hydroelectric plants. The New York Independent System Operator issued a warning today, stating that New York could face a potential New York…
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Supreme Court Strikes Down Student Loan Forgiveness Plan, Impending End of Moratorium Worries Borrowers
The student loan forgiveness plan, which aimed to alleviate up to $20,000 of student loan debt per borrower, was officially struck down on June 30. The Supreme Court’s recent decision on President Biden’s student loan forgiveness plan has caused significant concern for tens of millions of Americans burdened with debt Adding to the urgency of…
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Minneapolis City Council Considers Minimum Wage Proposal for Lyft Drivers Amidst Growing Concerns
The proposed ordinance, which may be passed as early as next month, aims to address the financial struggles faced by Lyft drivers in the industry. Minneapolis City Council members announced plans for a potential city ordinance that could ensure Lyft drivers and those working for other rideshare companies receive a minimum wage If approved, the ordinance…
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Austin Police Union Launches ‘Defunded’ Podcast Revealing Impact of Budget Cuts and Unit Disbandment
This Austin Police Union podcast features candid interviews with officers and detectives from units that experienced budget cuts or were disbanded altogether. The Austin Police Union has recently launched a podcast series titled “Defunded,” shedding light on the consequences of the drive to defund their department APA President Thomas Villareal expressed his intention to discuss…
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Rep. John Garamendi is skeptical of the ‘mysterious’ buyer of land worth $800M near Travis AFB; “Who are these people?”
The United States Air Force is looking into a corporation that bought land for $800 million close to Travis Air Force Base, one of the most important defense facilities in the country. However, after eight months of research, investigators have been unable to establish who is responsible or rule out any threat to national security.…
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Former Treasury Secretary Larry H. Summers Warns About Economic Policies by the Biden Administration
Former Treasury Secretary Larry H. Summers says he generally supports President Joe Biden’s economic policies, but he is concerned about the White House’s emphasis on industrial policy and outbound investment constraints, which he describes as nationalistic and “increasingly dangerous.” “I am profoundly concerned by the doctrine of manufacturing-centered economic nationalism,” Larry H. Summers exclaimed Tuesday at a…
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Student Loan Bankruptcy: How Does Filing Bankruptcy Clear Student Debts?
Here’s how filing student loan bankruptcy can clear student debts. Filing Student Loan Bankruptcy is Difficult, but Possible to Help in Clearing Student Debts Filing a student loan bankruptcy is difficult, but it is not impossible to help in clearing student debts, wherein filing a student loan bankruptcy will aim to discharge the student debts…
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Fanboys Marketplace Owner Accused Of Embezzling Over $23,000 From Vendors And Former Staff, Making False Cybersecurity Claims
The owner of the Fanboys Marketplace was accused of embezzling over $23,000 from vendors and former staff and making false cybersecurity claims. Fanboys Marketplace Owner Allegedly Owes Over $23,000 to Vendors and Former Staff Before Making False Cybersecurity Accusations The Fanboys Marketplace owner Mike Rogers was accused of embezzling over $23,000 from vendors and former…
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Back-to-School Sales Tax Holiday Begins in Central Florida
With less than three weeks left before most kids head back to the classrooms, the state has implemented a tax-free period on school supplies that will run until August 6. Central Florida is gearing up for the highly anticipated “back-to-school sales tax holiday” which kicked off today This year brings a notable change, as there…
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Santa Barbara Paper Ceases Publishing after Bankruptcy Declaration
The Santa Barbara Paper shifted to an online-only format in April, but owner Wendy McCaw‘s recent bankruptcy filing led to its ultimate closure. Santa Barbara Paper, the esteemed Pulitzer Prize-winning newspaper with a 150-year legacy, has halted its print and digital operations due to bankruptcy Managing editor Dave Mason conveyed the unfortunate news to the…