Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Office and retail property valuations have been falling since the pandemic brought about lower occupancy rates and changes in where people work […]
Tag: banking
GOP to attack Black Rock & other ‘ESG’ firms
Republicans are planning to use their control of the House of Representatives in 2023 to intensify attacks on companies that account for climate-related risks when they’re making investment decisions. GOP officials in Washington and more than a dozen states say they’re focusing on firms that are using their financial power to push a so-called woke […]
Canceling a fraudulently opened Wells Fargo credit card will hurt your credit score
If you happen to be one of the owners of the 2 million or more accounts that Wells Fargo fraudulently created, the bank will be getting in touch asking if you need or want your credit cards. For many, the natural response probably would be disbelief at the sheer audacity of the question, prompting some […]
Guns and the president
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