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The Treasury’s recent moves in the bond and currency markets add up to ‘soft-form financial repression’ to lower debt cost
3+ week, 8+ hour ago (621+ words) With U.S. debt hitting $40 trillion, markets are turning more attention to that burden and whether policymakers will address the root causes or just the symptoms. The Treasury Department’s interventions in the bond and currency markets in recent weeks point to the…...
Pence says U.S.-Canada trade fight adds to affordability concerns for economy
3+ week, 10+ hour ago (233+ words) Former vice president Mike Pence said Sunday the U.S.-Canada trade fight that erupted this weekend poses new risks for the economy, with American consumers already struggling with high costs. “We hear about the issue of affordability right now,” Pence told…...
Buc-ee’s Buckeye backlash as beaver infringement lawsuit infuriates Mini Mart maniacs in Ohio
3+ week, 11+ hour ago (799+ words) A lip-licking alligator, a smiling moose and a hat-wearing bear are among the many cartoon animals to have found themselves in the crosshairs of Buc-ee’s, the popular Texas convenience store chain that has a penchant for protecting its buck-toothed beaver....
Your boss’s monitoring app didn’t just watch you — it shared your data to Facebook and a Russian search engine
3+ week, 11+ hour ago (1026+ words) College administrators read an adjunct professor’s comments to students on personal essays. Managers told a pharmacist to spend less time with patients after tracking the number and length of her appointments. Scanners on a warehouse conveyor belt monitored the pace…...
Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
3+ week, 12+ hour ago (729+ words) Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high of around $95,000 to below…...
New student-loan repayment glitches are throwing borrowers’ budgets into limbo
3+ week, 13+ hour ago (831+ words) On August 1, Daniela Perez received three separate emails from her student-loan servicer, MOHELA. The first read “Your payment is due soon.” Then “Account is over 210 days delinquent.” Finally: “Loan default is approaching.” She immediately logged in to her account, which…...
Dozens of retail chains you once loved that don’t exist anymore
3+ week, 16+ hour ago (1345+ words) Retail is a tough business. One day, your favorite brand can be riding high and enjoying strong sales from loyal customers, while the next it’s fighting for survival and fending off creditors. Emerging trends, changing shopping patterns, and new e-commerce…...
Buc-ee’s chain draws outcry in Ohio for launching fight over mini mart’s beaver logo
3+ week, 17+ hour ago (800+ words) A lip-licking alligator, a smiling moose and a hat-wearing bear are among the many cartoon animals to have found themselves in the crosshairs of Buc-ee’s, the popular Texas convenience store chain that has a penchant for protecting its buck-toothed beaver....
Trump’s Top Trade Representative Details Offer That Canada Rejected
3+ week, 21+ hour ago (816+ words) The United States had offered to reduce its tariffs on steel, aluminum and autos, and eliminate a recently imposed tariff on Canadian lumber, before negotiations suddenly collapsed last night, Jamieson Greer, the U.S. trade representative, said Saturday. In an interview with…...
Trump’s trade war with Canada: A timeline of how we got here
3+ week, 1+ day ago (768+ words) On Saturday, Trump followed through on a threat to impose 50% tariffs on $20 billion worth of Canadian imports. Those levies kicked in after last-ditch negotiations failed, and Canada’s Prime Minister Mark Carney quickly responded with retaliatory tariffs due to take effect…...