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Thread: Yeah finally
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09-21-2021, 04:15 PM #16Supporting Member
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Jim,
Read both articles and try to comprehend what they convey. Here is the short version of Dave's; Canada has opened up its side of the boarder and there is no reason why Biden shouldn't follow suit at this point "it is hurting thousands of businesses that depend on both sides". Your article says it all in the last two paragraphs: "Trump made a loan to and partial grant to the airlines in the interest of maintaining national security" (something we obviously lack at this point with Bewildered). The air lines have conditional guidelines that they are to follow until the money is repaid.
Joe
If you are looking for a negative article or move against our countries leadership then check into this and let me know what you think. More union bailouts and Biden is allowing them to invest the money in worthless bonds that offer next to nothing for a cap rate and no payback "what a joke this guy is, we won't recover this money in the next 5 generation
U.S. President Joe Biden’s pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc.
Struggling multi-employer pensions, which are often tied to unions, will be able to apply for special financial assistance, thanks to the $1.9 trillion pandemic-relief bill signed into law in March. Pension Benefit Guaranty Corp., which insurers the plans, will make a single lump-sum payment to eligible funds.
Citigroup estimates that roughly 230 pensions will be eligible to receive $86 billion as early as 2022, though the amount may change when the pension insurer releases application guidance in July, strategists Daniel Sorid and Jason Williams said in an interview. The plans will have to invest the money in high-grade bonds or other securities approved by the agency.
The strategists said pension managers may try to extract as much yield as possible by loading up on bonds in the lowest investment-grade rung, which yield 2.46% on average, versus 2.23% for the broader market. Existing funds could get reallocated into riskier investments like stocks, they added.
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09-21-2021, 05:47 PM #17
My brothers summer home, that's Canada on the other side
My family has owned property since the 1930's in Canada, It's a bitch not being able to go to It.
Youngstown NY, Fort George is on the other side with Fort Niagara on the American.
1/4 of the house is built on monster steel beams used on bridges because It hangs over the Niagara Gorge which Is a 11 KM or 6.8 mile canyon carved by the Niagara Falls since the Ice age, no other house Is built like that or will be ever again because of code.
As kids my brother said he wanted that house.
Last edited by CUDA; 09-21-2021 at 09:15 PM.
We have invented the world; WE see
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