Money

Valdosta investigates Rush Propst, allegations of ‘funny money’

The deposition, which Nelson gave Friday, was released this week by the Superior Court of Lowndes County and given in the civil action against the Valdosta Board of Education filed on behalf of Alan Rodemaker, the coach whom Propst replaced last year. Rodemaker alleges that his January 2020 firing was unjust and racially motivated.

Valdosta Schools superintendent Todd Cason confirmed Monday to WALB-TV in Albany that his district was investigating Nelson’s allegations and had contacted ’’the appropriate agencies.’’

Georgia High School Association executive director Robin Hines confirmed Wednesday that the school district had contacted his office but said no GHSA

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‘If You Have Less Money Than Elon, You Should Probably Watch Out’

TipRanks

2 ‘Strong Buy’ Stocks With 7% Dividend Yield

You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news bites for the economy, and will help to justify increased economic opening. At the same time, a Congressional COVID relief package working its way through the legislative process promises a booster shot for consumer spending –

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This stock fund may be for you if you want to sleep well at night and still make money

Just about every financial adviser recommends that individual investors avoid timing the stock market. That advice can go in one ear and out the other in turbulent times, such as during last year’s coronavirus-induced panic.

Professional money managers have various strategies to limit downside risk. Some of those are being sought out today, as a recent change of direction for interest rates has rattled stock market investors.

The ACM Dynamic Opportunity Fund
ADOIX,
-1.89%
follows a long/short strategy that seeks to give investors a measure of protection. However, its approach isn’t to short-sell stocks that the portfolio managers believe will

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Turns out Texans don’t save money under our deregulated electricity market

Our deregulated electricity market promised reliability and lower electricity prices than our neighbors. Turns out, it provided neither.

HARD CHOICES: Use vacation time or go without pay? Some Texans forced to choose after winter storm

Overall, the deregulated market has cost Texans $28 billion more than traditional utilities since 2004, McGinty and Patterson report.

When Texas moved from full-service regulated utilities nearly 20 years ago, proponents of deregulation said that competition between retail energy providers would drive monthly rates down because residents could shop around for the best deals. Instead, Texans ended up paying a lot more.

Texas’ deregulated electricity

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The Fed’s system that allows banks to send money back and forth went down for several hours

The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down for several hours Wednesday, but appeared to be coming back online later in the afternoon.

The “operational error,” as the Fed described it, impacted multiple services, including its pivotal automated clearinghouse system, which connects depository and related institutions sending electronic credit and debt transfers.

There were no initial indications that foul play was suspected.

Along with the Fed ACH service, other systems impacted included Check 21, FedCash, Fedwire and the national settlement service.

A statement from the central bank said it became aware

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‘It’s a dirty way to make money’

Charlie Munger, vice chairman of Berkshire Hathaway and long-time business partner of Warren Buffett, issued a strong condemnation of the businesses he said enabled the recent frenzy of speculative trading by retail investors.

The 97-year-old investor, speaking during a question-and-answer session at the Annual Meeting of Shareholders of the Daily Journal Corporation (DJCO) in Los Angeles, responded to a query about the recent run-up in shares of heavily shorted stocks like GameStop (GME) last month.

“That’s the kind of thing that can happen when you get a whole lot of people who are using liquid stock markets to gamble the

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