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The U.S. Department of Labor’s unemployment insurance (UI) program provides cash benefits to eligible workers who become unemployed through no fault of their own. There are specific regulations about which unemployed workers qualify for this insurance. On March 27, 2020, President Trump signed into law a $2 trillion coronavirus emergency stimulus package called the Coronavirus Aid,
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Since 2011, a group of enthusiasts and collectors have been obsessed with the physical manifestation of Bitcoin.  On the face of it, physical Bitcoin seems like a contradiction to the key terms that define it, so a trustless, instantly transferable virtual currency becomes a real world coin that has all the disadvantages of Earth-bound cash.
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PRESS RELEASE. Omni Futures LLC has received significant interest since its recent founding and is starting series A funding from additional investors for a new project, Omni II, to develop additional infrastructure in cryptocurrency mining. According to Ali Farhat, Managing Director of Omni Futures, “Overwhelming interest in a new proprietary mining technology has shown demand
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Municipals were on autopilot in the secondary with rates holding at Wednesday’s levels as U.S. Treasuries weakened on stimulus news. New-issues from Cook County, Illinois and Pennsylvania turnpikes repriced by 10 to 15 basis points and gilt-edged Columbus, Ohio, also repriced to lower yields. Supply scarcity coupled with pent-up demand amid the seasonal redemption season
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Sharp selloffs naturally freak out traders crushing any bullish sentiment. Serious gold down days are nearly always driven by heavy speculator selling in… by Adam Hamilton of Zeal LLC Gold plummeted last Friday, dragging silver and their miners’ stocks down with it.  That was reminiscent of another brutal down day in early November.  While certainly
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In 2019, General Motors Company (NYSE: GM) was the fifth-largest automaker in the world, behind Volkswagen AG (OTC: VWAGY), Toyota Motor Corp. (NYSE: TM), and Renault-Nissan-Mitsubishi. GM famously held the top spot in global auto sales for 77 consecutive years from 1931 to 2007. Following the 2007-2008 financial crisis, however, GM filed for bankruptcy protection. The company re-emerged following a
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Brazil’s health regulator has given the green light to the Oxford/AstraZeneca and Chinese-made Sinovac coronavirus vaccines, paving the way for Latin America’s largest nation to begin an immunisation programme that has been marred by delays and political bickering. Following a marathon five-hour presentation broadcast live on Sunday, the board of watchdog Anvisa (the Agência Nacional
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India has kicked off one of the world’s most ambitious inoculation drives in the midst of growing vaccine scepticism over the contentious approval of an indigenously developed jab. The first phase of the vaccination rollout targets 30m healthcare and frontline workers, with the goal of inoculating 300m people by July. London’s “black cab” drivers urged
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Economic Security Planning, Inc. Today’s column addresses questions about whether to take a survivor’s benefit before a retirement benefit delayed until 70, how Canadian pensions can affect US Social Security benefits and how Social Security verifies marriages. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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New York Mayor Bill de Blasio’s $92.3 billion fiscal 2022 preliminary budget rollout came with caveats about the levels of federal aid and prospective cuts from the state. The lingering COVID-19 crisis makes them more poignant than past advisories. De Blasio on Thursday said the spending plan, the final one for the term-limited mayor, “demonstrates
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But relax: have a cracker ‘n schmear, perhaps even a beer, and we’ll try to relate to making it all clear. To be sure — given all that we and you from here to Kalamazoo fundamentally understand about Gold – its moving lower in the ongoing financial environment makes nary a wit of sense whatsoever.
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The taxpayer is backstopping more credit risk than ever… by Doug French via Mises What clear-eyed mortgage underwriter would sign on to a thirty-year loan at less than 3 percent? After all, in Las Vegas, for instance, the unemployment rate in November was 11.5 percent, second highest in the country. The city’s main engine, tourism, has
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Families spent $30,017, on average, to pay for college during the 2019-20 school year, according to a 2020 survey by Sallie Mae and market research company Ipsos. Almost half of that amount (47%) came from financial aid. From this data, two things are immediately clear—first, college is expensive, and second, paying for it generally requires
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Eurozone nations’ escalating restrictions to tackle the coronavirus pandemic have significantly slowed economic activity, fuelling fears that the bloc faces a double-dip recession, according to widely watched and timely alternative data indicators. Travel to retail and hospitality venues and workplaces, as well as consumer confidence and spending, have all taken a hit in the first
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Amid its pandemic firefighting, the European Central Bank is ploughing on with a strategic review of its monetary policy framework. One previously neglected idea is coming into the discussion. Pablo Hernández de Cos, Spain’s central bank governor, suggests that the ECB could explore “yield curve control”, or the policy of directly setting long-term interest rates.
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The Internal Revenue Service’s Criminal Investigation Division issued a warning Thursday about a new wave of COVID-19 scams tied to the latest round of stimulus payments, especially targeting taxpayers in the District of Columbia. The warning comes amid heightened tension in Washington after a riot last week at the Capitol that left five people dead
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