March 18, 2021

problems

Biden Highlights P.P.P. Aid as Problems Persist With Lending Program

On Tuesday, the Senate confirmed Mr. Biden’s nominee to run the Small Business Administration, Isabel Guzman, by an 81-to-17 vote.

Despite the concerns, Mr. Biden was met with praise in Chester, Pa., when he visited Smith Flooring, a Black-owned business that supplies and installs flooring. White House officials said the shop cut payroll over the last year, from 22 union employees to 12, after revenues declined by 20 percent during the pandemic. It has survived, the officials said, thanks in part to two rounds of loans from the Paycheck Protection Program, which Congress established last year during the Trump administration

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Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems

While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases, non-renewals, coverage restrictions or refusals from the admitted market.

The situation has become untenable, Florida agents say, and they hope the state’s legislature will take action in the current legislative session so Florida policyholders can access the insurance they need.

“We are taking sides for Floridians. I want a healthy stable insurance market because a stable insurance market is critical for a healthy economy,” said Mary Katharine Lawler,

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Sen. Rand Paul: A mountain of debt, ‘free money’ is not the answer to our problems. Here’s what is

Democrats (and many Republicans) don’t seem to care about the mountain of debt Congress added last year and continues to add this year. Instead of simply opening the economy back up as the virus wanes, Democrats are plowing ahead with another $2 trillion in deficit spending.

The Congressional Budget Office, a non-partisan agency, warns that this mountain of debt will explode interest payments, such that over the next 30 years, taxpayers will have to pony up $61 trillion in interest. (Interest payments, by the way, don’t buy you government services.  Interest payments just eat up cash and crowd out other

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Mobile has personal credit problems

City is only in the eighth percentile nationally – still better than Birmingham and Montgomery

MOBILE COUNTY, Ala. (WKRG) — No credit? Big problem for people in Mobile.

The Port City ranks in the 8th percentile nationally for a median personal credit score, 647, according to a study released Tuesday by the personal finance website WalletHub.

The survey looked at 2,570 cities and towns nationwide.

Navarre, Fairhope, Destin, and Daphne were the only cities in the WKRG viewing area to

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The Federal Reserve Is Financing Future Debt Problems



Illustration:

Chad Crowe

Economists John Greenwood and Steve H. Hanke ably sound the alarm in “The Money Boom Is Already Here” (op-ed, Feb. 22). Too many have looked away as the Federal Reserve prints dollars by another name: quantitative easing. While the authors rightly describe the profound implications of the massive surge in M2 from the money that has already been spent, they neglected to mention the implications for the pending $1.9 trillion in Covid spending that President Biden and many at Treasury and the Fed have requested. Follow their logic and understand the

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Santiago ‘Morro’ Garcia death ‘motivated by personal problems’

Argentina’s first division club Godoy Cruz have said the death of their Uruguay striker Santiago “Morro” Garcia was “motivated by personal problems.”

Garcia, 30, was found dead in his home in Mendoza by police on Saturday.

The player had missed training sessions on Thursday and Friday.

“We have been silent until now out of respect for the person who was our top scorer and for his family, until they were duly noted,” a club statement said.

“We are obliged, in the face of the news and posts

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