Wells Fargo CEO Charles Scharf revealed that Americans and the U.S. economy aren’t ready for Federal Reserve interest rate hikes after the central bank raised rates earlier this month. “We know rates are going up, it couldn’t be clearer,” Scharf told CNBC on Wednesday. “We know that consumers and businesses, while strong today, are going…
Wells Fargo CEO: Americans Won’t Be Ready for What Fed Has in Store for Them
June 30, 2022
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Business & MarketsCompanieseconomic policieseconomyinflationinterest ratesInvestmentrecessionUSWells Fargo
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$10 million to Help Ohio Courts Process Backlog of Cases Quicker
June 30, 2022
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Covid pandemicJudiciaryMike DeWineOffice of Criminal Justice ServicesOhioOhio Court Backlog Reduction ProgramOhio Department of Public SafetyRegional-Local NewsUSUS News
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Ohio is spending up to $10 million in a move to reduce the backlog of court cases that has piled up mostly because of the COVID-19 pandemic. Governor Mike DeWine announced on June 29 the launch of the Ohio Court Backlog Reduction Program, a new project aimed at helping local courts process the increasing numbers…
Food Inflation Soars to Highest Level Since 1980, With More Pain to Come, Producers Warn
June 30, 2022
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Business & Marketseconomic policieseconomyfood pricesGroceriesinflationpersonal financerecessionUSUS News
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Food prices in the United States shot up in May at their fastest annual pace in 42 years, according to new government data, with some food producers warning American households to brace for more inflationary pain ahead as some input costs have yet to be reflected in grocery store prices. The food component of the…
Woman Walking Dogs Struck by Hit-and-Run Driver in Westminster
June 30, 2022
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Crime and Incidentsdiverdog walkerhit-and-runLocal NewsRegional NewsRegional-Local NewsSouthern CaliforniaSouthern California OC NewsUS
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WESTMINSTER, Calif.—A woman in her 30s was struck by a hit-and-run driver while walking her dogs June 30, sending her to a hospital in critical condition. The victim was in critical condition at UC Irvine Medical Center in Orange, but was expected to survive. The woman, who is 30 to 35 years old, was crossing…
Why Three COVID Jabs Are Worse Than Two
Big Pharma claims the shots and boosters are supposed to reduce infections, but the latest data from both Pfizer and Moderna show a whole different story. See what’s happening now in some of the most highly vaccinated countries. STORY AT-A-GLANCE COVID-19 is more than twice as prevalent among the boosted, compared to those who quit…
Peter Menzies: CRTC Sanctioning of Network Proves Skeptics Right to Fear Govt. Regulation of Internet
Commentary The authors of Canada’s plans to regulate the internet have insisted for almost two years that freedom of expression is not at risk. On June 29, the Canadian Radio-television and Telecommunications Commission (CRTC), proved them wrong. In a stunning decision that prompted a pair of brave dissentients, the CRTC sanctioned Société Radio-Canada (SRC) for using…
Social Security and You: Reach in the Mailbag
I usually like to write columns centered on one particular Social Security topic. But every once in a while, I just like to reach into my email inbox and answer whatever questions I pull out of that online mailbag. Q: I am 82. My wife is 80. We both took our benefits at 66. I…
How Will the Sharpest Rise in Mortgage Rates in 3 Decades Affect Home Prices?
By Jeff Ostrowski From Bankrate.com Mortgage rates are climbing fast. The national average rate on a 30-year mortgage rose to 5.91 percent this week, surging from just 2.87 percent in August 2021, according to Bankrate’s national survey of lenders. The last time mortgage rates rose so swiftly was in 1994. In late 1993, rates were…
‘In the Next Five Years’ Removed from China Social Media Amid Fears Of Recurring Zero-COVID Controls
The hashtag “In the next five years” has been removed from Chinese social media as fears grow over the wording of a media report on Beijing’s COVID strategies for the coming years. “In the next five years, Beijing will resolutely, unremittingly, do a good job in normalizing pandemic prevention controls,” the state-backed Beijing Daily originally…
Salmonella Outbreak Shuts Down ‘World’s Largest’ Chocolate Factory in Belgium
An international chocolate factory has shut down all production at a plant in Belgium after discovering a salmonella-positive lot, the company confirmed on Thursday. In a June 30 statement, the Swiss chocolate maker, Barry Callebaut, said all products manufactured since June 25 in Wieze, a village in East Flanders, have been placed on hold. The company noted that…
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