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Thanks, Joe Biden: $1,400 Stimulus Checks Led to Booming Economy?
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LIBOR s Long Good-Bye | Allen Matkins
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Wednesday, April 21, 2021
Ready or not, borrowers are involuntarily seeing changes in the interest rates they are being charged. Why, you ask? Because there are serious, systemic risks associated with the most widely used interest rate basis in the world – the London Interbank Offered Rate (or LIBOR), including the LIBOR Rate for U.S. Dollar denominated loans and other financial products (USD LIBOR). The situation is so serious that regulatory authorities have said that “given consumer protection, litigation, and reputation risks, [they] believe entering into new contracts that use USD LIBOR as a reference rate after December 31, 2021, would create safety and soundness risks . . .”. In our view, all of this means that borrowers should prepare themselves to deal with forthcoming interest rate changes in as effective a manner as possible (and not wait until the inevitable occurs later this year).
Shaker High students use machine learning to analyze pandemic s impact on wealth inequality
Shaker High students use machine learning to analyze pandemic s impact on wealth inequality
Analysis wins team prize in annual Fed Challenge, an economics competition hosted by New York Federal Reserve Bank
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From left to right, Sahana Vinothkumar, 10th grade, Avi Bagchi, 11th grade, Andrew Krakat, social studies teacher and advisor to the club, Priya Musuku, 10th grade, Roshni Ramesh, 10th grade, and Harrison Fazzone, 11th grade, pose for a photo outside the school on Monday, April 19, 2021, in Latham, N.Y. The students, all members of the History Research and Competition Club, are finalists in the High School Fed Challenge for their research on wealth inequality. Their paper will be one of 12 published in the Journal of Future Economists. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times Union
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