Tag: Would

John Kerry says people would 'feel better' about the Ukraine war if Russia would reduce emissions

Outgoing Special Presidential Envoy for Climate (SPEC) John Kerry claimed that people would “feel better” about the ongoing war in Ukraine if Russia would “make a greater effort to reduce emissions.” “If Russia wanted to show good faith, they could go out and announce what their reductions are going to be and make a greater … Continue reading John Kerry says people would 'feel better' about the Ukraine war if Russia would reduce emissions

Tennessee bill would require defendants convicted of killing a parent to pay victims' children

Tennessee lawmakers proposed legislation that would require defendants convicted of certain violent crimes that killed a parent to pay the victim’s children until the children become adults.

SB2878/HB2960 is sponsored by Sen. Sara Kyle and Rep. G.A. Hardaway, both Democrats, in their respective chambers.

The legislation would create a new financial penalty for those convicted of first-degree murder, second-degree murder, voluntary manslaughter, vehicular homicide and aggravated vehicular homicide.

TENNESSEE GOVERNOR SIGNS LAW ALLOWING PUBLIC OFFICIALS TO DECLINE TO PERFORM MARRIAGES THEY DISAGREE WITH

If a defendant is convicted of one of those charges and their victim has children, they would be ordered to “pay restitution in the form of child maintenance to each of the victim’s children until each child reaches eighteen (18) years of age and has graduated from high school or the class of which the child is a member.”

The bill would take effect in July if it is approved.

Mr. Monopoly would be a better Fed chairman

According to the Bureau of Labor Statistics, the consumer price index (CPI) has risen 16% under President Biden. The CPI rose 3.2% in the year ending in July, an acceleration from the 3% reading in June. 

Such rapid devaluation of the currency has some people referring to the dollar as “Monopoly money,” but it turns out that’s unfair to the eponymous board game.

In fact, if the nation had begun using Monopoly money in 1935, when the game first went on sale, inflation over the last 88 years would have been substantially lower because the supply of Monopoly money has grown much less than that of Federal Reserve notes.

That is an amazing fact considering that the only board games with higher lifetime sales are chess and checkers, and they had head starts of hundreds and thousands of years, respectively.

WHOLESALE INFLATION ACCELERATES IN JULY FOR FIRST TIME IN 13 MONTHS

Approximately 1.8 million Monopoly games were sold in the first year of its release, beginning in 1935, with each game containing $20,580. The initial money supply of Monopoly money was about $37 billion.

Amazingly, that is almost exactly the same as the M2 money supply in 1935 of $39 billion, as calculated by Milton Friedman and Anna Schwartz.

Since Monopoly’s introduction, about 300 million games have been sold, including its many variants. Today’s Monopoly money supply of $6,174 billion is 16,586% higher than it was in 1935. If that seems like an astronomical increase, consider what M2 has done over that same time.

Data from the Board of Governors of the Federal Reserve System show the money supply rose to $21,577 billion in 2022, which is 55,226% higher than it was in 1935. The supply of Federal Reserve notes has grown more than three times faster than the supply of Monopoly money.

This actually overstates the amount of Monopoly money in existence because many games have been thrown away over the last 88 years, but even this inflated figure still proves that Monopoly money’s growth has been more in line with growth in the real economy than M2 has.

JOB GROWTH CONTINUES TO DECLINE AS FED EYES ANOTHER RATE HIKE

Real gross domestic product (GDP), measured in 2012 dollars, was $986.905 billion in 1935. In 2022, it was $20,014.128, an increase of 1,928%. Over that same time, Monopoly money grew about nine times faster than real GDP, while M2 grew about 29 times faster.

And this is not the result of some bygone era; the Federal Reserve’s mismanagement of the money supply continues to this day. For example, in 2020, Monopoly saw a huge increase in sales because of lockdowns, selling 9.15 million games, increasing the supply of Monopoly money by $188 billion. Conversely, M2 increased by $2,818 billion, almost 15 times the increase in Monopoly money.

Put more whimsically, the mustachioed character in the middle of the Monopoly board, named “Rich Uncle Pennybags,” has done a better job managing his currency than the collective chairs of the Federal Reserve Board of Governors for nearly nine decades. The reason why lies in the political constraints faced by Federal Reserve Chair Jerome Powell and his predecessors.

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There is tremendous pressure for the Federal Reserve to finance massive budget deficits like we have seen for the last three years. When they do so, the government’s spending, borrowing and creating too much money causes inflation. 

People often use the term “Monopoly money” as a pejorative. It turns out the resulting devaluation of the Federal Reserve note has been worse than if the nation had used Monopoly money instead. That’s quite an indictment of Bidenomics.

Lena Dunham denies using N-word after Donald Glover joke: 'Never used, nor would use'

Actress Lena Dunham denied using the N-word on the set of her HBO show “Girls” after Donald Glover joked about it during an awards show. The actor-musician referenced his time on Dunham’s show while presenting an award to writer-producer Paul Simms at the Writers Guild Awards on Sunday. Glover, who previously played a boyfriend of … Continue reading Lena Dunham denies using N-word after Donald Glover joke: 'Never used, nor would use'

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious

There can be much more to a financial institution company funding than making passion and also primary settlements. When you uncover the surprise costs as well as fees, your company might obtain a fantastic price on its brand-new credit report line or term finance yet you might weep on the method residence.
Also experienced consumers can be captured off-guard. Loaning prices can be improved by countless bucks and also the reliable price on the financing raised by numerous basis factors as an outcome of these concealed fees.
Right here are several of the costs as well as fees that can boost your company’s prices on small business loan:
Dedication costs
Numerous financial institutions bill dedication charges of 1/2% – 1% or even more to release a dedication to offer cash. The charge is relied on the offered debt quantity. Dedication costs substantially raise the efficient price on impressive car loans.
These charges can be worked out. If your company has a solid credit score account or if the competitors amongst financial institutions in your location is tough, request a reduced dedication cost or ask to have it forgoed.
Non-use costs
These charges might be butted in lieu of or along with dedication costs Non-use costs typically vary from 1/4% to 1/2% of the extra credit report center. These costs are much less difficult than dedication charges, they likewise raise the efficient loaning price.
Similar to a dedication cost, you might have the ability to obtain the non-use charge forgoed or decreased if your company has a solid credit scores account or if the financial atmosphere is really affordable.
Restructuring charges
When your company has factor to reorganize an existing finance, you can anticipate your financial institution to bill a restructuring charge for the advantage. If your business has factor to transform a temporary car loan right into a lasting one, it will possibly be billed for this restructure.
These charges can vary from 1/2% to 2% or even more plus any kind of financial institution lawful charges or out-of-pocket expenditures. You might be able to get rid of the charge or discuss if your company has actually been a lasting financial institution consumer in excellent standing. Do not anticipate to remove the financial institution’s lawyer costs as well as out-of-pocket expenditures.
Financial institution lawyer charges
When the financial institution utilizes an outdoors legislation company, Attorney costs generally come right into play. Making issues worst, several outdoors financial institution lawyers call for a customer to employ an outdoors lawyer to release a point of view letter covering the purchase.
Typically, just the best debtors in really affordable financial scenarios can entirely get rid of paying financial institution lawyer costs. If your company is a valued client, your financial institution might be eager to have these costs minimized or topped. Usually financial institutions have some utilize with their law practice to obtain a discount rate.
Appraisal/environmental examination charges.
These charges are billed on several asset-backed lendings. They typically include generating an outdoors specialist to assess devices or property. These costs can be substantial, relying on the sort of assessment or setting problem.
Like lawyer charges, assessment or atmosphere assessment costs are generally for the account of the customer. Maybe the very best result one can anticipate is to have these charges topped or have the loan provider divided the quantity somehow.
Unforeseen audit expenditure
Numerous financial institutions book the right to investigate customers or to send out financial institution employees in for examinations. Some financial institutions need outdoors audits by CPA companies in link with expanding credit history.
Prior to finalizing, examine your funding arrangement meticulously to determine any type of audit or financial institution evaluation need. Attempt to obtain it removed or attempt to discuss limitations if your financial institution needs an audit or evaluation that you did not prepare for. You might have the ability to obtain a less-stringent demand or to discuss a less-expensive option to the audit or assessment called for by your financial institution.
Attempt to obtain audit or assessment charges covered if all else falls short.
Late costs
Fees for making late settlements to your financial institution are normally in your control. These fees can be difficult and also can include dramatically to your company’s loaning price. It is not uncommon to see financial institutions tack 300 basis factors onto a consumer’s interest rate for overdue repayments.
While it is beneficial throughout the bargaining phase of the lending to request a reduced late- settlement cost, the most effective option is to attempt to prevent these costs. Attempt to obtain the late-payment price knocked down to 75 to 150 basis factors over your loaning price if you can.
Expiration of or Failure to Get a Rate-lock
In a steady price setting, lots of financial institutions are ready to secure the price on fixed-rate credit rating deals. Rate-locks are not unusual in genuine estate financings and also tools installation fundings.
Attempt to bargain a rate-lock if your company is working out a fixed-rate funding. You might pay lending passion that is a little bit greater, however a secured price can get rid of an undesirable rates of interest swing.
Attempt to remain within the holding duration for shutting the purchase as soon as you have actually secured the price. A lot of financial institutions will excitedly and also strongly hand down price walks in a climbing price market, if you stop working to conform.
Lots of surprise financial institution charges and also costs can be minimized or gotten rid of if you intend in advance as well as are prepared to work out. You can additionally ask your financial institution to prepare a different checklist highlighting all possible costs as well as fees.

Lots of financial institutions bill dedication charges of 1/2% – 1% or even more to provide a dedication to offer cash. These charges are much less burdensome than dedication costs, they additionally boost the reliable loaning price.
These charges can vary from 1/2% to 2% or even more plus any kind of financial institution lawful costs or out-of-pocket expenditures. If your company has actually been a lasting financial institution consumer in excellent standing, you might be able to get rid of the charge or work out. Several surprise financial institution costs as well as costs can be minimized or removed if you prepare in advance and also are prepared to work out.

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