funding

Baltimore city schools, despite $1.6 billion funding, reported 0 proficiency rates in math with 40% of schools, and even top 5 schools having only 11% proficient students.

Despite receiving a substantial amount of funding, Baltimore city schools experienced a disheartening outcome. “Last year, Baltimore city schools received a record $1.6 billion plus an additional $799 million in COVID funds The result? 0 students tested proficient in math in 40% of schools. 0 students. The person in charge of Baltimore schools is Dr. …

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McCarthy Backtracks on Saturday, Says He Will Keep $300 Million of Ukraine Aid in Pentagon Funding Bill

House Speaker Kevin McCarthy on Saturday backtracked and said he will keep the $300 million of Ukraine aid in the Pentagon funding bill. On Friday it was reported that the Pentagon will exempt Ukraine funding from a possible government shutdown as House Republicans argue over the stopgap bill. “The Pentagon will exempt its Ukraine operations …

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The House and Senate are united in ending Ukraine’s funding, signaling a shift in support.

Zelensky’s administration, often criticized for corruption, might face turbulent times ahead. This move raises questions about the future of Ukraine’s leadership. The sentiment among some Senators is clear: they believe it’s time for a change. The House is already on record for ending Ukraine funding and now the Senate joins in. Looks like Zelensky's corrupt …

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Liquidity Fairy Alert! It just keeps going up! Bank Term Funding Program usage above $100B for the 15th consecutive week! ($107.993B vs $107.855B 9/6). An over reliance on central bank funding, the BTFP is a moral hazard! As of 8/31/23, $2,173,066,000 in interest to survive another day.

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 15th consecutive week above $100 billion! What we are reviewing: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …

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Byron Donalds: Disaster relief for Florida, Hawaii should not be linked to Ukraine funding, prioritizing American people and homeland.

Disaster recovery relief for Florida, Hawaii, & other states reeling from recent disasters should NOT be attached to additional money for Ukraine. We must put the American people & the homeland FIRST. Shelling out billions to Ukraine on the backs of hurting Americans is wrong. pic.twitter.com/R5VXAVX89v — Byron Donalds (@ByronDonalds) August 31, 2023 WATCH: Peter …

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Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17). An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard!

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 13th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …

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Liquidity Fairy Alert! Bank Term Funding Program usage UP AGAIN (.4% to $107.242B vs $106.864B 8/9), marking the 11th consecutive week over $100B. This looks more and more like there’s an over-reliance on Fed Funding–growing faster than inflation ‘should be,’ I believe the BTFP is a moral hazard!

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 11th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …

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Minutes of the Federal Open Market Committee, July 25-26, 2023: “Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs.”

by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further easing of inflation pressures. The market-implied peak for the federal funds rate rose in response …

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Outstanding comments from Newt Gingrich… ‘Republicans need to cut off all funding for Jack Smith as of September 30’…

Gingrich earlier tonight. 'We are drifting towards the greatest constitutional crisis since the 1850s. This indictment is a desperate effort by a corrupt machine to destroy their most dangerous opponent, in a way which obliterates the Constitution."pic.twitter.com/ntUpCHxQDM — Citizen Free Press (@CitizenFreePres) August 15, 2023 Gingrich goes on to urge House Republicans to cut off …

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Ukraine Funding Is Costing Americans Roughly $900 Per Household

‘A new analysis from the Heritage Foundation found that the current U.S. commitment of $113 billion in aid to Ukraine is costing American taxpayers roughly $900 per household. “The formal aid packages alone amount to a staggering $113 billion—roughly $900 per American household and almost 12 times the spending cuts promised by House leadership in …

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Borrowing from the Bank Term Funding Program hit a NEW all time high–the 10th consecutive week above $100 billion!

by Dismal-Jellyfish What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. Buckle up! Bank Term Funding Program (BTFP): https://www.federalreserve.gov/releases/h41/20230810/ ​ https://fred.stlouisfed.org/series/H41RESPPALDKNWW 781.1%!!! Date …

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MOODY’S DOWNGRADES 10 U.S. BANKS, WARNS OF POSSIBLE CUTS TO OTHERS.

Moody’s cuts US banks due to rising funding costs and Rising risk tied to Commercial Real Estate (CRE) loans Moody’s Investors Service hs lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial …

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Biden admin sparks controversy by withholding key funding for schools with hunting & archery programs. Concerns arise over impact on outdoor education opportunities.

According to federal guidance circulated among hunting education groups and shared with Fox News Digital, the Department of Education determined that, under the Bipartisan Safer Communities Act (BSCA) passed last year, school hunting and archery classes are precluded from receiving federal funding. The interpretation could impact millions of American children enrolled in such programs. “It’s …

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Intelligence agency funding research to merge AI with human brain cells

An Australia intelligence agency is funding research attempting to merge artificial intelligence with human brain cells. According to The Guardian, “Research into merging human brain cells with artificial intelligence has received a $600,000 grant from defense and the Office of National Intelligence (ONI).” The funding from the Australia National Intelligence and Security Discovery Research Grants …

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Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It’s looking more and more like there’s an over-reliance on Fed Funding. I believe this be a moral hazard.

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program is on the increase again! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. …

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Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.305B vs $101.959B on 7/5), marking the 6th straight week over $100B. It’s looking more and more like there’s an over-reliance on Fed Funding. Could this be a moral hazard?

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program is back on the increase! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. …

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Republicans Slip Massive Foreign Worker Expansion into DHS Funding Bill

House Republicans have slipped a massive foreign worker expansion into their Department of Homeland Security (DHS) spending bill, a blow to the GOP’s promise to protect the nation’s working class from powerful special interests. After markups and hearings, Republicans on the House Appropriations Committee approved the DHS spending bill which would blow the lid off …

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32 Tons! Corporate Bankruptcies Reach Highest Level Since 2010, Bank Term Funding Program At $102 BILLION (Total Debt & Unfunded Liabitilies = $224.5 TRILLION)

by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …

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Sliding Commercial and Industrial Loans and the Bank Term Funding Program: How the Fed’s Two-Tiered System is Distorting Idiosyncratic Risk in the Market and Setting Us on a Risky Path Towards Moral Hazard.

by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about tonight is something new–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial …

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Over 60% of Money Flowing Into Democrat Party Funding Group ActBlue Coming From CHINA – Rasmussen Reports

“ICYMI: New lawsuit expected to soon produce evidence that 60% of illegal election funding flowing into Democratic Party funding group @actblue is secretly from China. From OMG Media – https://twitter.com/Rasmussen_Poll/status/1673658581017669633?s=20” ICYMI: New lawsuit expected to soon produce evidence that 60% of illegal election funding flowing into Democratic Party funding group @actblue is secretly from China. …

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Borrowing from the Bank Term Funding Program hit a new all time high this week at $102.735 billion!

Bank Term Funding Program (BTFP): https://fred.stlouisfed.org/series/H41RESPPALDKNWW Tool Bank Term Funding Program (BTFP) Up from 3/15, 1st week of program ($ billion) 3/15 $11.943 billion $0 billion 3/22 $53.669 billion $41.723 billion 3/29 $64.403 billion $52.460 billion 3/31 $64.595 billion $52.652 billion 4/5 $79.021 billion $67.258 billion 4/12 $71.837 billion $59.894 billion 4/19 $73.982 billion $62.039 …

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Purdue Pharma family protected from lawsuits in exchange for addiction treatment funding

‘A court ruled the owners of Purdue Pharma, the Sackler family, will be protected from civil lawsuits linked to the opioid crisis in exchange for a $6 billion settlement. Purdue, which filed for bankruptcy in 2019 amid thousands of lawsuits, made drugs like OxyContin and is blamed for fueling the opioid epidemic.’ https://www.pbs.org/newshour/show/purdue-pharma-family-protected-from-lawsuits-in-exchange-for-addiction-treatment-funding There’s a …

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