NC Budget, Immigration Bills rounded at the end of the session | Health, medicine and fitness

By GARY D. ROBERTSON – Associated Press RALEIGH, NC (AP) — The North Carolina General Assembly on Friday closed its main working session for the year by finalizing proposed fiscal year adjustments to the state budget, cutting other mandatory legislation, but leaving some major policy issues unresolved abandoned or thwarted. The Republican-drafted spending measure, which … Read more

Reports Chart Good May For Nevada Casinos, Tourism | Health, medicine and fitness

LAS VEGAS (AP) — A trio of economic reports show May was a good month for tourism and gambling in Nevada, including passenger traffic characterized as the third busiest ever at Harry Reid International Airport in Las Vegas. The Nevada Gaming Control Board said on Thursday that casinos statewide won $1.3 billion last month, the … Read more

Connecticut Abortion Act, Tax Changes Take Effect Friday | Health, medicine and fitness

By SUSAN HAIGH – Associated Press HARTFORD, Conn. (AP) – Connecticut’s first major abortion-related legislation in years, which aims to legally protect health care providers and patients from other states’ bans on the procedure, will go into effect Friday. The legislation was passed by the Connecticut General Assembly in late April and signed in May … Read more

Opinion: Stocks could fall by 50%, says Nouriel Roubini. Things will get much worse before they get better.

NEW YORK (Project Syndicate) – The global financial and economic outlook for the coming year has deteriorated rapidly in recent months, with policymakers, investors and households now asking how much and for how long to revise their expectations. That depends on the answers to six questions. Six questions First, will the rise in inflation in … Read more

Rising interest rates will crush the federal budget

The Federal Reserve’s policy of raising interest rates and quantitative tightening — reducing its $8.9 trillion balance sheet — will increase the volume and cost of federal government borrowing, strain the federal budget and expose the effects of decades of deficit spending. The impact will be felt even without a recession, but if the economy … Read more

US pays more to borrow as Fed raises interest rates, inflation remains high

US Treasury yields are rising as the Federal Reserve raises interest rates to cool inflation, a move that could raise federal borrowing costs over time to higher levels than currently forecast. Government spending on net interest expenses in the fiscal year that began last October totaled about $311 billion through May, up nearly 30% from … Read more

Highlights of Bipartisan Gun Violence Bill OK’d by Senate | Health, medicine and fitness

AP WASHINGTON (AP) — Highlights of the bipartisan gun violence bill passed by the Senate on Thursday and the House expected to pass Friday: — Comprehensive background checks: State and local youth and mental health records of gun buyers will be part of federal background checks for buyers ages 18 to 20. Maximum three days … Read more

Jensen seeks tax cuts to help Minnesota fight inflation | Health, medicine and fitness

By STEVE KARNOWSKI – Associated Press ST. PAUL, Minnesota (AP) — Republican gubernatorial candidate Scott Jensen on Thursday called for tax cuts and curbing government spending and regulations to help Minnesota residents cope with the highest inflation rate in 40 years. Inflation has already dominates national election campaigns. Republicans see it as a powerful problem … Read more

A holiday on the gas tax from reality

Let’s take a look at President Biden’s ideas to lower high gasoline prices. He has tried to lobby the Saudis, but to no avail. Releasing oil from the US strategic reserve; the market yawned. He attacks oil and gas companies for not drilling or refining enough, but he also wants those companies to go bankrupt. … Read more

A holiday on the gas tax from reality

Let’s take a look at President Biden’s ideas to lower high gasoline prices. He has tried to lobby the Saudis, but to no avail. Releasing oil from the US strategic reserve; the market yawned. He attacks oil and gas companies for not drilling or refining enough, but he also wants those companies to go bankrupt. … Read more