Independent thinking for complex markets and current events
TRUMP’S SBA CHIEF FINDS 7,000 FAKE LOANS WORTH $430M IN MINNESOTA ALONE Small Business Administrator Kelly Loeffler says her team found 6,900 fraudulent small business loans in Minnesota that stole $430 million from taxpayers. It took them 2 days to find $3 million worth of fraud once they started looking. “It didn’t take long when …
by Mike Maharrey In another sign that things aren’t so great on Main Street, bankruptcy inquiries hit pandemic-level highs in Q1. More and more people are worried about a looming recession. The mainstream blames these economic worries on tariffs, but it’s pretty clear Americans started feeling the squeeze long before the trade war. Tariffs may be …
Despite a strong labor market in 2022, the poverty rate for families headed by single mothers soared, according to a new analysis provided first to Axios. Why it matters: That’s due to the expiration of key pandemic-era benefits, including the child tax credit. Women and children face disproportionate poverty and hardship in the U.S., writes Shengwei Sun, a senior research …
More Ontario homeowners sold within a year of buying as interest rates climbed, report finds There’s been a “notable” increase in homeowners selling within one year of buying a property, particularly condos, since interest rate hikes started last year, according to a new report from land and commercial registry company Teranet. The latest edition of Teranet’s …
