Independent thinking for complex markets and current events
Can we make it a cool billion?Every day the Fed is paying $800 million in interest to banks and money market funds. This means that the Fed's net operating loss is now a record $68 billion. pic.twitter.com/DoY7j6cbgD — zerohedge (@zerohedge) June 11, 2023
A new law threatens to demolish a $US85 million market for the home-sharing behemoth—but the Big Apple is just a small piece of its pie. Last week, Airbnb filed a lawsuit against New York City over a new law that the company is calling a “de facto ban” against short-term rentals that threatens $US85 million …
via zerohedge: Nearly 100 million people across 18 states, from New Hampshire to South Carolina, are under air quality alerts Wednesday morning, according to NBC News. A low-pressure system stuck off Nova Scotia is sending smoke from Canadian wildfires into the Northeast, Mid-Atlantic, and Southeast. According to the Canadian Interagency Forest Fires Centre, more than 400 …
via naturalnews: Chicago’s Black community has expressed worries over the city’s plan to dole out $51 million to assist migrants in the city. On May 31, the Chicago City Council passed the $51 million funding for migrants via a 34-13 vote. The funding came amid a surge of immigrants because of the border crisis inflicted by President Joe Biden’s …
via entrepreneur: Three people were arrested on felony charges last week for their alleged involvement in a “substantial food stamp fraud ring.” The scheme is responsible for stealing $4 million in purchases from Sam’s Club stores by illegally obtaining data from 8,000 electronic benefit transfers (EBT) cardholders, which are used by people who are involved …
by scott_jr Welp .. another crack in the commercial real estate industry that’s only going to get worse in the near future. Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in …
According to the @FBI, Biden as VP was involved in a 5 million dollar bribery scheme with a foreign national. — Rep. Anna Paulina Luna (@RepLuna) June 5, 2023 Just left meeting for House Oversight. The @FBI is afraid their informant will be killed if unmasked, based on the info he has brought forward about …
via calmatters.org: California will send $95 million to flood victims in a long-awaited program to assist undocumented residents suffering hardship and damage from the recent months of storms. The money will be available in many affected counties starting in June, according to the state’s Department of Social Services. The announcement comes two months after Gov. …
Once again, leaders disgraced the Americans who they supposedly “represent “. AC