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...Let’s start with the federal government. The Biden administration is one of the most collaborative I’ve seen in my 33 years of journalism....
...But Biden, the president who has overseen this bonanza since defeating Trump in 2020, is getting little credit....
...In 2002, US-based Mack Truck closed its operations in neighbouring Fairfield County, eliminating hundreds of high-paying jobs overnight....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Pay in Clayton County, a suburb of Atlanta, has risen faster than anywhere else in the country in the past year....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...Wagner said the company “will deal with the challenge” if the tax credits went away....
...The Fulton County district attorney’s office and Wade did not respond to a request for comment....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...The divergence between European and US credit spreads has played out primarily at the weakest end of the credit quality spectrum....
...(There is a parallel with the US economy where state bank licensing regimes coexist with a set of federal licensing rules.)...
...Verner says his company has made contingency plans in case the tax credits disappear....
...The federal structures are far too complex for that.”...
...But locals credit the former president with taking a hard-nosed approach that deterred people from making the journey....
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
...Denmark’s largest union 3F announced yesterday that it had joined Scandinavia in the latest escalation in tensions over workers’ rights against US electric-car maker Tesla....
...The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions....
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