Hints and tips:
...Elsewhere, the US has trade, consumer credit, preliminary Michigan Sentiment and annual consumer price index (CPI) inflation rate revisions, Germany publishes its delayed CPI data along with factory orders...
...But the market is changing and a lot of the smaller ones like the credit unions are going digital....
...Tony Yates: Covid-19 has been a regressive shock to society, and since some of the distributional pathologies of society have a regional component, it is, and will continue to aggravate regional inequality...
...Patti Waldmeir is the FT’s North America correspondent Follow @FTMag on Twitter to find out about our latest stories first....
...Only government backstops, including a lender of last resort and deposit insurance ultimately guaranteed by the monetary authority, can overcome the risk embedded in banks’ funding model....
...lowering the cost of mortgage insurance to help first-time buyers into the housing market....
...And that means we can help on tax credits. I’ve been asked to help in the transition as Britain moves to the higher wage, lower welfare, lower tax society the country wants to see....
...Today we usually associate national postal systems with the arrival of things we never wanted in the first place: utility bills, overdraft alerts, tax audits, one-time-only credit-card offers, charity appeals...
...The law has won plaudits as a first step towards fiscal reform. But it comes only after repeated downgrades that have left Illinois with the lowest credit rating of any US state....
...The US lost its AAA credit rating for the first time. A repetition cannot be ruled out after November when the “lame duck” Congress will be asked to raise the debt ceiling again....
...In Tennessee, Whirlpool is opening their first new US factory in more than a decade. Dow is building a new plant in Michigan to manufacture batteries for electric vehicles....
...I will first take up customs duties....
...Prof Aneel Karnani of the University of Michigan argues that ”despite the hoopla over microfinance, it doesn’t cure poverty....
...We all put our country first. America, our work will not be easy....
...Still, Stephen Collesano, vice-president of research and development at AIG, the big insurance company and one of Weiner’s clients, says that several years ago Weiner first alerted AIG to Islamic finance...
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