Economy

Pritzker announces deal to eliminate pandemic UI debt

Pritzker announces deal to eliminate pandemic UI debt

SPRINGFIELD, Ill. — Governor JB Pritzker announced an agreement to pay off the state of Illinois’ remaining $1.36 billion unemployment insurance loan balance Tuesday. The bipartisan agreement will save taxpayers an estimated $20 million in interest costs that would be due next September. Representatives from business, labor, bipartisan members of the general assembly and the …

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Victoria 3 Players Think Communism Is Too OP Versus Capitalism

Victoria 3 Players Think Communism Is Too OP Versus Capitalism

Image: Paradox Interactive / Kotaku Victoria 3 is a political simulation game that plays like accounting software. And currently, apparently even the game’s numbers agree with the so-called radical left that communism is the most economically efficient government system. Victoria 3 players have taken to the Internet to complain that there aren’t any other ways …

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Sam Bankman-Fried doesn’t know what happened to his Twitter stake

Sam Bankman-Fried doesn't know what happened to his Twitter stake

Photo illustration: Brendan Lynch/Axios. Photo: Jeenah Moon/Bloomberg via Getty Images Sam Bankman-Fried tells Axios that he always intended to roll over at least a portion of his former firm’s $100 million Twitter stake into the new, privately held entity led by Elon Musk. But the former FTX CEO said in an interview on Monday night …

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Biden accuses US of getting ‘lazy’ in sending manufacturing jobs to China

Biden accuses US of getting 'lazy' in sending manufacturing jobs to China

The president toured a technology plant Tuesday to highlight a $300 million expansion of chip manufacturing. President Joe Biden on Tuesday suggested that manufacturing jobs, rather than products, were sent overseas to China and elsewhere because the United States became “lazy.” The president made those remarks during an appearance in Bay City, Mich., where he …

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FUD and the Ghana 2030 Bond

FUD and the Ghana 2030 Bond

Mark Weidemaier, Ugo Panizza and Mitu Gulati teach international finance and law at the University of North Carolina, the Geneva Institute, and the University of Virginia, respectively. Mark and Mitu co-host the podcast”Clauses and Controversies“where Ugo is a frequent guest. An investor friend taught us a new acronym a few days ago: FUD. He used …

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The Fed is Hiking at the Most Aggressive Pace Ever (And What it Means for Housing) – Mish Talk

The Fed is Hiking at the Most Aggressive Pace Ever (And What it Means for Housing) - Mish Talk

Monthly average Fed Funds Rate via St. Louis Fed Chart Notes I use monthly averages because the Fed now targets a range. Also the Fed Funds Target Rate is discontinued and only dates to 1982. This is the steepest, most aggressive hiking cycle ever. You can see the impact especially in mortgage rates and thus …

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Inflation relief checks going to residents in these states. See if you qualify

Inflation relief checks going to residents in these states.  See if you qualify

Former CKE Restaurants CEO Andy Puzder discusses whether persistent inflation will lead to a weaker Christmas retail season on ‘Varney & Co.’ As high inflation saddles Americans with an extra financial burden, some states are helping out with one-time stimulus rebates to offset the pain of higher prices. At least 20 states are offering one-time …

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