It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty …
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Illustration by Kevin Whipple The year is 2100 and a worker is facing retirement. She’s been a conscientious employee, but she hasn’t been able to save much for her future because of years of family caretaking, student debt and low wages. But she’ll be able to enjoy retirement. That’s because …
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Ray Dalio certainly is no radical idealist, but in his frequent writings and media appearances the veteran investor consistently calls for Americans to rewrite their longstanding contract with capitalism so that it is fairer and more generous to more people. Otherwise, he predicts, life in the U.S. could become more …
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It’s been more than 100 days since the World Health Organization declared the coronavirus outbreak a pandemic. Several red flags were missed, so what can we learn from those mistakes? The COVID-19 pandemic, which was first identified in Wuhan, China in December, had infected 10,055,037 people globally and 2,534,981 in …
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The world’s second largest ticket seller, Eventim EVD, +1.84%, is withholding millions of euros of ‘processing fees’ from fans seeking refunds for events canceled due to the coronavirus. The German-listed company sells tickets to concerts from the Red Hot Chili Peppers to Iron Maiden. Based on several refunds, reviewed by …
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As the coronavirus crisis unfolds, many are asking: Where is Warren Buffett? They want to hear and see more from America’s most literary and famed investor, noted for both calm and prowess in times of distress. People know the current crisis is more acute than any in living memory, including …
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New York’s shelter-in-place mandate has pushed millions of New Yorkers inside. But for the city’s homeless population, that’s meant a choice between crowded shelters, the street and, increasingly, the subway system. Both Mayor Bill de Blasio and Gov. Andrew Cuomo on Wednesday called for action to help address overcrowding in …
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California, once known as the land of golden dreams, has become a housing nightmare. The housing crisis in California is getting worse. According to a statewide survey that was conducted earlier in 2019, a majority of California residents said that one of the biggest problems in their region was lack …
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The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial Average DJIA, -4.55% has been simply gut-wrenching for the average investor, …
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