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...“Mr Biden’s recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points.”...
...We didn’t bold the final sentence above, but it’s an interesting side-argument from the paper’s authors, Ross Batzer, Jonah Coste, William Doerner and Michael Seiler....
...Biden has increasingly sought to blame corporations for high prices, and made a populist crackdown on “junk fees” part of his speech to Congress on Thursday....
...About a third list rent or mortgage payments as being the biggest source of financial stress — ranked fifth overall after food, household supplies, gas and utilities....
...The volume of mortgages outstanding at US banks was flat from the end of the year....
...However the new minimum corporation tax would mark an increase from the 15 per cent that was implemented in 2022 as part of the Inflation Reduction Act....
...Biden’s “recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points”....
...“Mr Biden’s recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points,” said Erik Gordon, a professor at the University of Michigan’s Ross...
...More than 60 per cent of voters support Biden’s proposed tax increases on corporations and the wealthy, according to the latest FT-Michigan Ross poll....
...Here’s more of the results from the latest FT-Michigan Ross poll....
...This was because corporation tax was charged on paper profits from stock appreciation, the difference between the original cost of inventory and the inflated cost of replacing it....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
...Some $117bn in commercial mortgages tied to US offices will come due this year, according to data from the Mortgage Bankers Association, part of a wall of looming maturities that is contributing to expectations...
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...One recent buyer in Shanghai, who asked to remain anonymous, said he bought a second-hand home because prices had fallen “to a level where I can afford it” and because of mortgage incentives offered by the...
...Investors’ expectations on interest rates matter for voters’ borrowing costs, and the recent reversal has helped push new mortgage rates above 7 per cent....
...The next instalment of our monthly FT-Michigan Ross poll will be published this weekend. Check back here for updates....
...Company results: Target, Ross Stores and Nordstrom will give further insight into how consumer spending has fared in recent months when they release earnings....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...The January edition of the FT Michigan Ross poll showed that more than half of voters believe they have become worse off under Biden....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...In her recent opinion piece in the Financial Times, Sheila Bair, the former chair of the US Federal Deposit Insurance Corporation, who is now a senior adviser to the Systemic Risk Council, argues that “derivatives...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
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