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Economy

“Florida’s 125% Surge in Property-Insurance Bills Sows Havoc”

“…In the five-year period ending 2023, costs surged 125%. Last year, annual premiums soared about 27% in the state — for the second year in a row — while nationwide the growth rate slowed to nearly 6% from about 15%,… Continue Reading…

Economy

“Mike Johnson sets up weekend showdown on foreign aid bills”

“House Republicans are prepared to unveil the much-anticipated foreign aid bills on Wednesday, Speaker Mike Johnson told members this morning. Why it matters: The timing sets up weekend votes on bills for foreign aid, national security and the southern border — and… Continue Reading…

Economy

“America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the [debt] is higher than believed…”

“National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation. That is increasingly the opinion of… Continue Reading…

Business

“House passes bill that could lead to a TikTok ban; fight shifts to the Senate”

“The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one… Continue Reading…

Economy

“Congress passes $886 billion defense policy bill, Biden to sign into law”

“More than two-thirds of the U.S. House of Representatives voted in favor of a defense policy bill on Thursday that includes a record $886 billion in annual military spending and authorizes policies such as aid for Ukraine and push back… Continue Reading…

Business

“Bill Gates buying up land, threatening small farms under guise of saving planet, author claims”

“A new book aimed at “exposing the billionaire class” says Microsoft co-founder Bill Gates’ investments in patented fertilizers, fake meat and U.S. farmland aren’t saving the planet but rather enriching his bank account… Author and investigative journalist Seamus Bruner — who led… Continue Reading…

Economy

“The U.S. government’s interest bill is skyrocketing”

“… Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago. …” https://www.axios.com/2023/10/16/interest-rates-federal-debt Long story short… Continue Reading…

Business

“Meta threatens to pull news post from facebook instagram if California bill becomes law”

“Meta, the parent company of Facebook and Instagram, has threatened to remove news posts from those social media platforms should Assembly Bill 886, dubbed the California Journalism Preservation Act, become law. The measure, authored by Assemblywoman Buffy Wicks, D-Oakland, would… Continue Reading…

Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

Banking

“President Biden slams ‘reckless bill’ from Republicans to reverse funding for the IRS and its 87,000 new hires — here’s how it could affect you”

“President Joe Biden had included increased funding for the IRS in the Inflation Reduction Act to help the agency catch sneaky tax evaders — especially those high-earners who love to find loopholes. Advocates believe the increased funding could raise as… Continue Reading…