Wednesday, May 19, 2021

What's the plan for American Rescue Plan money? - Austin MonitorAustin Monitor

After seeing a rough outline of how city staffers plan to spend $143.6 million in American Rescue Plan Act funds to house the homeless, address food insecurity, and provide affordable child care and job training, City Council still had a lot of questions about specifics at Tuesday’s work session.

Council members Alison Alter and Kathie Tovo, in particular, indicated they might not be ready to vote to move forward with approving spending at Council’s June 3 meeting. Council Member Leslie Pool said she wanted to look at how the spending would fit in with the upcoming budget discussions.

Publisher: Austin Monitor
Date: 2021-05-19T05:02:45 00:00
Twitter: @austinmonitor
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Following the Dark Money - Fort Worth Weekly

"This campaign is about focusing on issues that will take [Fort Worth] into the next 10, 20, 30 years," said Deborah Peoples, one of two candidates for Fort Worth mayor. "We want to put this city back in the hands of the people who love it."

Speaking to around two dozen volunteers at Chisholm Trail Park in South Fort Worth on Saturday, Peoples answered questions from canvassers before they set out to block walk. One volunteer asked Peoples how to respond to residents who have concerns about city accountability and transparency.

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Publisher: Fort Worth Weekly
Date: 2021-05-19T20:30:20 00:00
Author: Fort Worth Weekly
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Idaho Transportation Board Puts New Money to Work Across Idaho | Idaho |

LEWISTON - During its regular monthly meeting held Wednesday afternoon (May 19) in Lewiston, the Idaho Transportation Board approved dozens of new road projects across every corner of the state. The projects include $350 million in construction work that is expected to begin sometime in 2022.

Many of the projects are part of Idaho Governor Brad Little's "Building Idaho's Future" transportation funding solution.

"Idaho is the fastest growing state in the nation. To keep up with the demands of a fast-growing state, our historic transportation funding solution helps save Idahoans' time, keeps us safe on our roads, and makes our state's economy even stronger," Governor Little said. "I appreciate the Idaho Transportation Board for acting quickly to put these new funds to work."

Publisher: Big Country News
Twitter: @BigCountryNews1
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Why Banking With Greenwood Is About More Than the Money

Greenwood Financial's digital banking platform plans to offer everything you'd expect from a bank: spending and savings accounts, a mobile app, a sleek card that's heavy enough to make a good thwap sound on a table after a fancy meal with your parents while you say, "I got this."

With its three famous founders and a powerful mission, Greenwood has also attracted Grey's Anatomy actor and activist Jesse Williams as a partner and produced a couple snazzy commercials on the importance of investing in Black innovation and circulating the Black dollar.

Publisher: Morning Brew
Twitter: @MorningBrew
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Fed officials discussed adjusting money market support in April, minutes show | Reuters

The central bank began intervening in overnight lending markets in September 2019, when a shortage of reserves led to a spike in short-term borrowing rates. But in recent weeks markets have been plagued by the opposite problem: too much cash.

Firms swimming in excess reserves are flocking to the New York Fed's facility for reverse repurchase agreements, or reverse repo, which gives them a place to temporarily park their cash.

Money market funds and other eligible firms placed $294 billion in cash with the Fed overnight on Wednesday, up from about $100 billion at the time of the meeting and topping the levels reached in March 2020 at the start of the coronavirus pandemic.

Publisher: U.S.
Date: 2021-05-19T20:44:29Z
Author: Jonnelle Marte
Twitter: @Reuters
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Job openings won't be filled until Florida cuts off 'free' money | Clay Today

Being open at 100% occupancy doesn't help when the workforce is operating at 50%. That's why the Governor needs to take the next step by joining the growing list of states that will refuse to accept federal unemployment benefits.

According to Google Trends, people aren't even trying to find work. Employment searches were down by more than 15% in March. Too many capable workers have become addicted to "free" government money, prompting a lot of businesses to cut services and hours.

Publisher: Clay Today
Date: Wed 19 May 2021 12:00:00 -0400
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Don't Waste Your Money: Memorial Day Deal

It’s almost Memorial Day and that means some of the biggest deals of the year. And with the price of gas and so many other things soaring this spring, most of us could use a deal.

It’s not just those three-dollar gas prices hitting our wallets right now. Sue Lewis can’t believe all the things she is paying more for these days.

“Cleaning items, home supplies, wipes, chicken, food. It’s all going up,” Lewis said.

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Publisher: ABC27
Date: 2021-05-20T02:50:35 00:00
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Big money investors suggest the cycle has peaked: Morning Brief

As first quarter earnings season wraps up, it is starting to seem like a distinct phase of this recovery is coming to a close. 

Namely, the most optimistic days about economic growth, corporate earnings, and how willing investors should be to capture the gains from these trends appear to be passing us by. 

In its latest global fund managers' survey, strategists at Bank of America Global Research find that several indicators of the economic cycle pulled back in April after rising sharply through the spring. 

Twitter: @Yahoo
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Who Should We Honor on Our Money? - The New York Times

Students in U.S. high schools can get free digital access to The New York Times until Sept. 1, 2021.

Who is featured on your country's currency? Do you think these people represent your country well? Why or why not?

In " Maya Angelou and Sally Ride Will Be Honored on Quarters ," Bryan Pietsch writes about a new series of quarters to be issued by the U.S. Mint as part of the American Women Quarters Program. The first coins, which enter circulation in January 2022, will feature the writer and poet Maya Angelou and the astronaut Sally Ride, the first American woman to fly in space:

Date: 2021-05-19T09:00:12.745Z
Twitter: @nytimes
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1st Choice Financial : Running out of Money in Retirement | ABC27

FRANKLIN COUNTY, Pa. (WHTM) -- A Republican State Senator says former President Trump asked him to run for Governor in 2022.

Senator Doug Mastriano of Franklin County made the comment on Wednesday after meeting with Trump in New York on Monday.

HARRISBURG, Pa. (WHTM) -- Restaurants nationwide are struggling with staffing shortages. As the busy summer season gets closer, some local spots are getting creative to try to attract new workers.

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Publisher: ABC27
Date: 2021-05-19T16:14:20 00:00
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