having

Fed’s Economic Well-being US Household 2022: “fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected “a lot” by price increases.” “51% of adults reported that they reduced their savings in response to higher prices.”

by Dismal-Jellyfish ​ https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. The report draws from the Board’s tenth annual Survey of Household …

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DON SURBER: Media Angry At CNN: Having rejoiced at Fox shutting down Tucker Carlson — which vaporized Fox’s audience — the media had ice cold water thrown on its face on Wednesday night when CNN broke the moratorium on giving President Trump live coverage.

“The mean girls in the media did not get their way, and boy are they mad. They spurted article after article condemning CNN for letting Trump speak. At the same time they said it was not a news event, they …

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DTC Settlement Money Market Instrument (MMI) Issuer Failure. Is HSBC Bank having problems?

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-dtcc-white-paper-money-market-instruments-blue-sky-task-force-report.pdf Some recent headlines: HSBC 1/13/2023: Under pressure from his biggest shareholder, China’s Ping An Insurance Group, to improve profit, HSBC (HSBA.L) Chief Executive Noel Quinn has in recent months accelerated plans to shrink its global empire and streamline its …

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SEC Punishes Barclays for having offered and sold approximately $17.7 billion of securities in unregistered transactions. Buyers of the “unregistered securities” right to demand Barclays buy back the products at the original price plus interest. Barclays sets 1.3 billion aside to cover the costs.

Sept 29 (Reuters) – British bank Barclays (BARC.L) agreed to a $361 million penalty over internal control failures related to the unregistered offer and sale of “an unprecedented amount” of securities, the U.S. Securities and Exchange Commission said on Thursday. https://www.reuters.com/business/finance/barclays-pay-sec-361-million-over-issuance-securities-2022-09-29/ h/t ringingbells

[China in July] Having witnessed first-hand how the subprime mortgage crisis dragged down the Lehman Brothers and threatened the entire industry, this environment is starting to feel eerily similar.

It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties they’ve bought but that their financially strapped developers can’t finish. Some say that they will only resume payments when construction restarts. The protest involved …

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