Finance – Page 44 – PelhamPlus

Former Treasury Secretary Larry H. Summers Warns About Economic Policies by the Biden Administration

Reia Leen DelantarJuly 26, 2023July 26, 202305 mins

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…

Back-to-School Sales Tax Holiday Begins in Central Florida

JinelyJuly 25, 202303 mins

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…

Santa Barbara Paper Ceases Publishing after Bankruptcy Declaration

JinelyJuly 25, 202304 mins

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…

Student Loan Forgiveness Program to Forgive $39 Billion in Debt for Longtime Borrowers

Roselyn SaritaJuly 25, 202303 mins

The Student Loan Forgiveness comes as a result of the Education Department‘s income-driven repayment (IDR) account adjustment. On July 14, a significant step was taken in the Student Loan Forgiveness program as 804,000 longtime student loan borrowers received the news that their remaining debt of $39 billion would be forgiven Consequently, many borrowers are now…

Fed Raises Interest Rates for the 11th Time Since March 2022 Amidst Inflation Concerns

Roselyn SaritaJuly 25, 202303 mins

Experts suggest that the Fed’s approach may now follow a pattern of “Pause, hike, pause,” indicating further rate adjustments may be on the horizon. Fed Raises Interest Rates, marking the 11th increase since March 2022 Bill Adams expects a modest quarter percentage point rise in the federal funds rate, bringing it to a target range…

Anti-Business Measures in California: Push for New Regulations and Costs Puts Job Creators at Risk

JinelyJuly 24, 202303 mins

The Anti-business bills, dubbed “job killers” by the California Chamber of Commerce, are seen as a response to the lingering impacts of COVID-19 on the economy. Anti-business measures are being pushed by California’s Democratic-controlled Legislature, raising concerns about the state’s private-sector workers and job creators One such bill, Anti-business Senate Bill 616, seeks to extend…

Low Polling Rate Continues to Haunt “Bidenomics” Despite Economic Progress, Says Chief Economic Adviser

JinelyJuly 24, 202304 mins

In a candid interview on Fox News Sunday with Shannon Bream, Bernstein defended President Joe Biden‘s economic agenda, colloquially known as “Bidenomics,” asserting that it has contributed to enhancing the financial well-being of families. Jared Bernstein, the Chair of the Council of Economics Advisers, remains undeterred by the recent low polling rate on the economy,…

Hannah Williams: TikTok Finance Expert Revolutionizes Salary Transparency, Advocates for Fair Pay and Income Equality

Roselyn SaritaJuly 24, 202303 mins

With over 1.2 million followers, the 26-year-old Hannah Williams CEO of Salary Transparent Street aims to bridge income disparities, especially for women, people of color, and minorities. Gen Z finance expert Hannah Williams has become a prominent voice on TikTok, discussing work culture and advocating for salary transparency Hannah Williams’s viral videos often feature her…

Chicago Income Tax Proposal Gains Support Amidst Revenue Challenges

JinelyJuly 23, 202303 mins

In his bid for mayor, Brandon Johnson vowed to secure an impressive $800 million in fresh funds for Chicago income tax without resorting to the conventional property tax route typically used by cities during financial crunches. Chicago income tax proposal gains momentum as viable revenue solution, backed by Mayor’s allies Despite encountering obstacles with…

Biden Student Loan Program to Provide Relief for Rhode Island Borrowers

JinelyJuly 23, 202304 mins

The Biden student loan program aims to rectify past servicing errors and accurately count the number of payments that qualify for loan forgiveness under income-driven repayment (IDR) plans. Approximately 2,580 federal student loan borrowers in Rhode Island are set to benefit from the Biden student loan debt relief initiative The Biden student loan relief measures…

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