In the wake of three bank failures last spring, and as the commercial real estate bust continues to unfold, federal bank regulators are pressing small and regional banks to add to their liquidity, Bloomberg reported.
Category: 12 September 2023
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U.S FACING A REAL ESTATE “DOOM LOOP
From 2015 into 2022, small and regional banks nearly doubled the value of their loans against commercial real estate, amassing portfolios totaling about $2.2 trillion, according to an analysis by The Wall Street Journal. Those banks hold more than 60 percent of all commercial property loans in the U.S.Banks with less than $250 billion in assets......
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U.S. HOME PRICES ON THE RISE
In May, home prices fell in their steepest monthly drop since 2012, as we reported in “U.S. Home Prices Fall By Most Since 2012” (27 Jun 2023), U.S. home prices began rising again.
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U.S. JOB MARKET “AT AN IDEAL CRUISING ALTITUDE,” ANALYSTS SAY
With 187,000 new jobs in August, the U.S. labor market is in a sweet spot, economists say.
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AS INFLATION SLOWS, PROFITS FALL TOO
After-tax corporate profits in this year’s second quarter were 9.4 percent below those of a year earlier, the U.S. Commerce Department reported in late August, although companies listed in the Standard & Poor’s 500 index showed only a 2.9-percent decline in earnings per share, data service Refinitiv said.
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THIS WEEK IN SURVEILLANCE
It’s hard to parody the dystopian control-freak technology ambitions of Government entities, as two recent stories underscore.
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PAST TIME TO RESPOND TO TERM WARFARE
Political and social coercion is often largely carried out by winning debates before they even start, via defining the terms used.
Words are used to negatively define opponents and win the argument by their simple embodiment of some perceived good or truth.
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SEC WANTS IMMEDIATE HALT ON RIPPLE SALES
As the U.S. banking system, and an unknown ocean of derivatives investments teeter on the edge of a cataclysm, the SEC seems more concerned than ever with…Ripple?
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AI HELPS LANDLORDS GO GREEN
Owners of retail and office space are finding that they can charge premium rents for “green” locations that are more energy-efficient, have more natural light and better air circulation, and meet the increasingly stringent environmental codes cities are adopting.
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COLLEGE ADMISSIONS OFFICES WRESTLE WITH THE PRESENCE OF AI
The all-important college admissions essay has long been a screen for college admissions offices. How thoughtful is the applicant? How articulate? What is the applicant’s character, the person’s goals and values?