Independent thinking for complex markets and current events
The Biden administration is cracking down on water heaters by imposing greater efficiency standards. Consumers will have to shovel out thousands of dollars more to install a heat pump water heater rather than a conventional storage water heater in order to fall in line with new standards released on Friday by the Department of Energy. …
by BoatSurfer600 As rates rise and the economy slows, banks tighten their credit lending standards out of fear of higher loan losses. If the credit to the economy dries up more than anticipated, then the slowdown might accelerate. A credit-starved economy is no bueno Source: Sagar Singh Yield curves around the world are inverting the …
via newzasa: The World Economic Forum (WEF) has issued a warning that the use of artificial intelligence (AI), the switch to green energy, environmental, social, and governance (ESG) standards, and slower economic growth will all significantly alter the employment landscape over the next five years. According to WEF’s “The Future of Jobs Report 2023,” over …
FAIL, BRITANNIA: UK motorists warned of wearing jeans this summer or risk £1,000 fine and licence points. Experts are warning drivers that they could be handed fines based on the clothes they wear when at the wheel. When driving, motorists should have full control of the car at all times and should be paying attention to …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230601a1.pdf Under the proposed rule, the agencies would require institutions that engage in covered transactions to adopt policies, practices, procedures, and control systems to ensure that AVMs adhere to quality control standards designed to ensure the credibility and integrity of valuations. The proposed standards are designed to ensure a high level of confidence …