Economic Truths | Eastern NC Now

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

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Economic Truths  

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
 
TikTok CEO Shou Zi Chew neglected to provide a clear answer on whether individuals associated with ByteDance, the social media platform’s Chinese parent company, helped him prepare for a Thursday morning hearing before the House Energy and Commerce Committee.
TikTok CEO Shou Zi Chew neglected to provide a clear answer on whether individuals associated with ByteDance, the social media platform’s Chinese parent company, helped him prepare for a Thursday morning hearing before the House Energy and Commerce Committee.
 
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
 
Economic volatility over the past year has severely impacted retirement savings, with more than half of households falling short of the savings trajectory needed to retire at their desired level.
Economic volatility over the past year has severely impacted retirement savings, with more than half of households falling short of the savings trajectory needed to retire at their desired level.
 
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
 
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
 
Republican state attorneys general rebuked senior financial authorities on Tuesday over the role that left-wing regulatory priorities allegedly played in the recent collapse of Silicon Valley Bank.
Republican state attorneys general rebuked senior financial authorities on Tuesday over the role that left-wing regulatory priorities allegedly played in the recent collapse of Silicon Valley Bank.
 
Declining Labor Force, Wages, and Work Hours Cause for Concern
 
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
 
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
 
Fayetteville native Brian Tyree Henry was among those nominated for an Oscar in this year’s 95th Annual Academy Awards. He was recognized for his role as James in the film “Causeway.”
Fayetteville native Brian Tyree Henry was among those nominated for an Oscar in this year’s 95th Annual Academy Awards. He was recognized for his role as James in the film “Causeway.”
 
Amazon announced on Monday that the company would dismiss some 9,000 employees amid efforts to become more efficient.
Amazon announced on Monday that the company would dismiss some 9,000 employees amid efforts to become more efficient.
 
Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
 
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
 
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
 
Michigan could be the first state in nearly 60 years to repeal a “Right to Work” (RTW) law.
 
Banking collapses have left the market reeling and worried about an imminent recession
 
New Study Shows NC Creates the Most Barriers to Earning a Living in the Region
 
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
 
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
 
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
 
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
 
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
 
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
 
After a train carrying highly toxic chemicals derailed in East Palestine, Ohio, President Joe Biden hopped on Air Force One, transferred to a train and went to … Ukraine.
After a train carrying highly toxic chemicals derailed in East Palestine, Ohio, President Joe Biden hopped on Air Force One, transferred to a train and went to … Ukraine.
 
Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.
Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.
 
BlackRock CEO Larry Fink told investors on Wednesday that the asset management company views climate change as a risk to portfolio companies.
BlackRock CEO Larry Fink told investors on Wednesday that the asset management company views climate change as a risk to portfolio companies.
 
Meta CEO Mark Zuckerberg announced that the social media company would dismiss 10,000 employees and cease efforts to fill 5,000 open roles amid economic turmoil and lackluster performance.
Meta CEO Mark Zuckerberg announced that the social media company would dismiss 10,000 employees and cease efforts to fill 5,000 open roles amid economic turmoil and lackluster performance.
 
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
Deposits have grown by more than $15 billion in Charlotte-based bank as investors seek safer shelter for their money
 
Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
Shares in Credit Suisse plummeted on Wednesday morning amid lackluster firm performance and spreading fears of a worldwide financial crisis.
 
Moody’s Investors Service, one of the three prime rating services, downgraded its rating of the entire banking system from stable to negative in response to the SVB banking crisis.
Moody’s Investors Service, one of the three prime rating services, downgraded its rating of the entire banking system from stable to negative in response to the SVB banking crisis.
 
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
When the next bank loaded with depositors exceeding $250,000 fails, will the federal government jump in to save the day as it is doing now with Silicon Valley Bank?
 
Silicon Valley Bank collapsed because of bad decisions by senior management, but the historic failure was helped along by the Biden administration’s disastrous handling of the economy, Ben Shapiro said on his podcast Monday.
Silicon Valley Bank collapsed because of bad decisions by senior management, but the historic failure was helped along by the Biden administration’s disastrous handling of the economy, Ben Shapiro said on his podcast Monday.
 
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