Stimulus checks: You have questions, we have answers
In this April 23, 2020, file photo, President Donald Trump s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. (AP Photo/Eric Gay, File)
Published February 05. 2021 6:17PM | Updated February 06. 2021 12:00AM
Heather Long and Jeff Stein, The Washington Post
President Biden promised to get more relief to Americans quickly to help people survive financially until the pandemic is under control. A key part of Biden s proposal is to send another round of cash payments directly to U.S. households.
President Joe Biden plans to name New York Federal Reserve markets chief Daleep Singh to serve as deputy national security adviser, a move the White House says reflects a commitment to prioritizing U.S. workers in foreign policy.
CT restaurants hail federal aid plan
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Match restaurant owner and chef Matt Storch waits to meet with Norwalk Mayor Harry Rilling and Lt. Governor Susan Bysiewicz during a walking tour of the Washington Street retail and restaurant district in Norwalk, Conn. on Wednesday, May 27, 2020.Brian A. Pounds / Hearst Connecticut MediaShow MoreShow Less
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New Haven, Connecticut - Saturday, August 01, 2020: Douglas Coffin, co-owner with Robin Bodack (not in photo) of Next Door bar and pizza restaurant) on Humphrey Steet in New Haven. While the restaurant is closing, Coffin will continue cooking pizzas out of the kitchen for takeout under the Big Green Pizza Truck name.Peter Hvizdak / Hearst Connecticut MediaShow MoreShow Less
Controlling the Curve
If time is money, then interest rates are the price of time. The most important interest rates in the world are for US Treasury securities. This is why I’ve long said it makes no sense for a committee to set those rates. The markets could do just fine without that help, thank you. But the Federal Reserve’s Open Market Committee arbitrarily decides the overnight Federal Funds rate. And lately, it doesn’t stop there.
Like the proverbial frog in a boiling pot, we are slowly being conditioned to accept this as normal. The warm water feels good at first. We think we can hop out in time. It’s not clear we can. And it’s not just the Fed. Central banks all over the world are turning the heat up on the various currency pots.
Ghana’s oil revenue hits $6.5bn since commercial production LISTEN
FEB 4, 2021
Ghana s revenue so far raked in from her commercial production of oil which started since April 2011 has reached $6.5 billion, a Petroleum Holding Fund and Ghana s Petroleum Accounts at the New York Federal Reserve has revealed.
The figure was arrived at from Ghana s earnings from her share of crude exports and taxes, rental charges and other payments made by the oil exploration firms which were operating in her oil fields.
Fund Utilisation
The report showed that all the foreign oil firms, since April 2011, had paid about $1.2 billion to the state by way of taxes and rental charges. Two billion dollars have since been channeled to the Ghana National Petroleum Authority (GNPA) to finance its operations since April 2011.