General World News

Eurovision Song Contest is Back, Ready to Defy the Pandemic

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Pounding beats? Check. Uplifting lyrics? Check. Huge, backlit white wings? Check.  After last year’s Eurovision Song Contest was canceled amid the global COVID-19 pandemic, it is roaring back to life this year with coronavirus bubbles added to its heady mix of music and melodrama.  National delegations traveling to the Dutch port city of Rotterdam are […]

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Texas is the biggest GOP-led state to end federal unemployment benefits, cutting off an estimated 1.3 million from $8.8 billion in aid

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Summary List Placement Texas is joining at least 19 other GOP-led states in ending its participation in federal unemployment benefits early. On Monday, Gov. Greg Abbott told the Labor Department that the state was withdrawing from “further federal unemployment compensation related to the COVID-19 pandemic” effective June 26, which includes an additional $300 in weekly […]

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The curious case of the enduring sub-3% mortgage rate

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Historically low mortgage rates had their moment in the sun in 2020. They rested far below 3% for months before America’s economic rebound pushed them back up in the winter of 2021. But data released on Thursday data from Freddie Mac showed that mortgage rates idled below 3% again for an entire month, even with […]

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BlackRock’s Rieder says the Fed should start tapering asset purchases ‘sooner rather than later’

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Summary List Placement BlackRock’s global fixed income chief investment officer, Rick Rieder, says the Fed should start tapering asset purchases “sooner rather than later.” In an interview with Bloomberg on Monday, Rieder said he believes the Fed has done “an incredible job” rescuing the American economy amidst a global pandemic but thinks it’s “time to […]

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Department of Education’s Office for Civil Rights Announces Virtual Public Hearing to Gather Information for the Purpose of Improving Enforcement of Title IX

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The U.S. Department of Education’s Office for Civil Rights (OCR) today announced a virtual public hearing to be held from June 7, 2021, to June 11, 2021, to gather information for improving enforcement of Title IX of the Education Amendments of 1972. The notice for the public hearing is available here, and the official hearing notice will […]

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What if mortgage rates don’t rise this year?

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With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for […]

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The end of forbearance and the capital markets

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One of the great questions facing the housing markets in 2021 is what will happen when the mortgage forbearance programs under the CARES Act expire. When this act was originally passed on March 27, 2020, there were notable concerns that these measures would merely postpone an inevitable correction in the housing market once the programs […]

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Biden’s infrastructure plan will pass in late 2021 and boost growth next year, Morgan Stanley says

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Summary List Placement President Joe Biden faces a steep uphill battle to pass his infrastructure bill. Republicans have balked at its $2.3 trillion price tag, and moderate Democrats aren’t entirely sold on its necessity. The president has held bipartisan meetings to iron out disagreements, but Democrats’ soft deadline of a July 4-passage remains ambitious. Morgan […]

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Nobel prize-winning economist Paul Krugman explains why he’s more left-wing than the Modern Monetary Theory crowd

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Summary List Placement Modern Monetary Theory economists are the trailblazing left-wingers in the field. Nobel laureate Paul Krugman says he’s farther left than them. Both schools are inspired by the great 2oth-century English economist John Maynard Keynes, whose theory of fiscal stimulus influenced not only FDR’s response to the Great Depression of the 1930s, but […]

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The Biden administration moved more than $2 billion earmarked for COVID measures to deal with the influx of migrants at the border

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Summary List Placement The Biden administration is funneling more than $2 billion toward the care of migrant children by and along the southern border, Politico reported. That money had originally been earmarked to go toward various measures to fight the coronavirus pandemic, according to Politico. The Department of Health and Human Services said $850 million […]

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Government partnership with big business created the internet and cell phones — an economist says it can deliver a new generation of innovations, too

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Summary List Placement When you trim away all the complications and high-minded theories, the single mission statement of an economy under capitalism is to grow. We say an economy is healthy when it’s adding jobs, productivity, and profits, and we say an economy is sick when it’s contracting, losing jobs, and failing to hit profitability […]

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Palm Beach County has around 44 billionaires. The super-rich are flocking there for business opportunities, convenient transport links, and a chance to live in ‘paradise.’

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Summary List Placement Florida has been one of the few states to see real economic progress during the pandemic. Both businesses and companies have flocked to the US’ third-largest state over the past year because of its pro-business environment, including a lack of personal-income tax, alongside its sunny climate that made it an alluring place […]

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Foreclosures down in April as moratorium continues

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The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal government’s foreclosure and eviction moratorium. States with the highest April foreclosure rates were Delaware (one […]

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Biden sets a Tuesday deadline for the GOP to bring him an infrastructure counter-proposal

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Summary List Placement Nearly every day this week, President Joe Biden met with different groups of influential lawmakers to attempt to reach some form of bipartisan agreement on infrastructure. One of those meetings included the group of Republicans that introduced a $568 billion counter-proposal to the president’s $4 trillion plan. The White House said on […]

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16 GOP governors will axe weekly unemployment checks to incentivize returning to work, but experts say federal aid isn’t slowing job growth

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Summary List Placement The coronavirus outbreak in the US appears to be abating, with the government ramping up its vaccine capability, rolling back mask-wearing mandates, and lifting restrictions. But while the country is poised to return to normal, some Americans are not ready to return to the workforce. The US economy has made dramatic gains […]

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Kamala Harris blasts how workers lose $200 billion per year from the anti-union trend in the US economy

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Summary List Placement President Joe Biden’s new task force on strengthening unions and their participants officially kicked off on Thursday. In her opening remarks, Vice President Kamala Harris, who is chairing the task force, emphasized the impact declining union membership has had on American workers. Because of the decline in union membership, “American workers are […]

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How do we make real progress on the homeownership gap?

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Secretary of Housing and Urban Development Marcia Fudge delivers remarks during a press briefing at the White House in Washington, U.S., March 18, 2021. REUTERS/Carlos Barria First, let’s set the record straight. Homeownership is critical to wealth creation, especially for establishing intergenerational wealth in America. When looking at net worth, even considering the fact that […]

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‘Big Short’ investor Michael Burry predicted the inflation spike a year ago — and sounded the alarm multiple times in February

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Summary List Placement Michael Burry predicted post-reopening inflation back in April 2020. “The Big Short” investor warned prices could surge earlier this year too. Burry trumpeted the value of profitable companies during inflationary periods. See more stories on Insider’s business page. Michael Burry warned the post-pandemic reopening could cause inflation to spike as early as […]

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Delaware State University will use Biden’s stimulus to cancel over $700,000 in student debt

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Summary List Placement Education Secretary Miguel Cardona issued guidance in March allowing colleges and universities to use funds from President Joe Biden’s $1.9 trillion stimulus plan for a variety of student needs, including grants and scholarships. Delaware State University (DSU) has decided to use those funds to cancel student debt. On Wednesday, DSU officials announced […]

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Africa Hits the Court with Professional Basketball League Debut

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Twenty-six games, writing a major chapter of African sports history. That’s the narrative of the inaugural season of the new Basketball Africa League, an offshoot of the U.S. National Basketball Association.     The action tips off Sunday, in Rwanda’s capital.     Basketball is not currently the continent’s favorite sport. That trophy goes to […]

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UWM has a plan to win a war of mortgage attrition

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Mat Ishbia isn’t sweating a projected drop in gain-on-sale margins, all the way down to 75 to 110 basis points. Quite the contrary. In his estimation, a higher rate environment and hyper-competitive pricing will provide United Wholesale Mortgage an opening salvo to win a war of attrition and build an even bigger army of loyal […]

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Top US Squash Player Trains for Major Tournaments, While Fasting

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A Pakistani immigrant who is now an American citizen is working hard to bring glory to U.S. professional squash in upcoming tournaments.  Training was especially hard for Shahjahan Khan during Ramadan, as Saba Shah Khan reports. Producer: Saba Shah Khan. Camera: Matt Dibble, Qazafi Babar.    details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: […]

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3 former Lambda School students are taking legal action against the coding bootcamp over claims it misrepresented its job placement success rate

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Summary List Placement Three former Lambda School students are taking legal action against the coding bootcamp over accusations that it misrepresented its job placement rate, according to the National Student Legal Defense Network, which filed arbitration cases on their behalf on Thursday.   Lambda School, which has raised $129.53 million from investors like GV (formerly Google […]

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Bernie Sanders urges Biden administration to prevent loss of jobless benefits for gig workers in red states

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Summary List Placement Sen. Bernie Sanders urged the Biden administration on Thursday to prevent the loss of jobless benefits for unemployed Americans in the 14 GOP-led states that are on the verge of ending their participation in federal unemployment benefits next month. Governors in red states such as Georgia, Montana, and South Carolina have cited […]

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Republican governors are canceling unemployment but Biden’s Labor Department may step in and provide some of it instead

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Summary List Placement After last Friday’s weak jobs report, over a dozen GOP-led states have announced that they’ll be pulling out of federal unemployment benefits, with governors saying they want to urge workers to get back to work.  “Federal pandemic-related unemployment benefit programs initially provided displaced Iowans with crucial assistance when the pandemic began,” Iowa […]

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Department of Education’s Federal Student Aid Denies Reinstatement Application of For-Profit Law School

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Today, the office of Federal Student Aid (FSA) in the U.S. Department of Education (ED) informed Florida Coastal School of Law that its application for reinstatement to participate in federal student aid programs has been denied. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education

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John Podesta and other progressive leaders want Biden to drop the GOP’s ‘small-minded’ infrastructure plans

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Summary List Placement This week, President Joe Biden has been entrenched in bipartisan infrastructure talks, from meeting with the most powerful congressional leaders to a group of Republicans pushing a smaller infrastructure plan. But progressive leaders are worried these talks are slowing down urgent efforts to repair the economy and the climate. On Wednesday, John […]

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Mortgage rates manage another dip to 2.94%

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The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. Despites last week’s rates mirroring closer to what was […]

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27 fast-paced books you can finish in one day

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  Summary List Placement It is undeniably satisfying to start and finish a whole book in one day. When I haven’t read a book in a while and want to feel like I accomplished something even while I’m relaxing, I love to grab a short, great book or a novel that’s so fast-paced and fascinating […]

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The US economy has not hit ‘peak data.’ There’s still plenty of room for the post-COVID boom to soar.

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Summary List Placement There’s always a reason things are about to get worse. Throughout the pandemic, pessimistic forecasters have doubted the pace of the US economy’s recovery. And now that the consensus has largely caught on to the US economic boom, there’s a new story for the worrywarts: “peak-data.”  The idea with “peak data” is […]

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U.S. Department of Education Announces 161 Students from Across the Country As 2021 U.S. Presidential Scholars

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U.S. Secretary of Education Dr. Miguel Cardona today announced the 57th class of U.S. Presidential Scholars, recognizing 161 high school seniors for their accomplishments in academics, the arts, and career and technical education fields. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education