NYC politics
fromUnHerd
10 hours agoZohran Mamdani is pushing New York towards fiscal disaster
New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
The Bank of Japan's loose monetary policy has turned the yen into the world's cheapest and most reliable funding currency, creating a publicly subsidised funding pipeline for bankers.
Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly. The temptation to use one to fund a big holiday or a new sofa that you can't afford can be seriously tempting.
The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
The proposed rule establishes broad principles to guide the determination of whether state-level stablecoin regulatory regimes are 'substantially similar' to the federal framework, allowing smaller issuers to remain under state supervision.
Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
I have not touched a paper note for months. I don't even have money to pay for a taxi. Now we walk a lot, for long distances. Palestinians in Gaza use the Israeli currency, the shekel, in their daily transactions, and depend on Israel to supply banks with new banknotes and coins.
Like [Keir] Starmer, the chancellor is also fighting for her political life whether because the prime minister himself falls, or chooses to move his chancellor in a reset reshuffle. Against that backdrop, Reeves hopes to project calm and competence next week, after a tumultuous 18 months.
This is not an argument against continuing to line things up just so, of course. It just means that the very orderly person will over time become a very familiar face to the people at The Container Store, to the point where they might remark to each other during their breaks about having seen him, again, purchasing more of those stackable, breakable containers that he's always getting.
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