Following uproar in the state’s far west over noise and other disruptions brought by cryptocurrency mining, Buncombe County has extended by a year its temporary ban on such operations. County officials say they are struggling with how to write rules protecting residents from problems that those who have experienced them say include constant noise as
Recent economic data has shown remarkable resilience to higher interest rates placed upon us by the Federal Reserve. Traditional economic theory would say the Fed rate is restrictive, but strong jobs reports and higher inflation says otherwise. These factors have crushed market expectations of interest rates dropping this spring. Some within the Fed have even
Inflation, undersupply, high demand and exorbitant home prices are often reasons cited for why rents are high. But there’s another few people talk about, rampant fraud. Since the pandemic, rental fraud has exploded nationwide. Nearly all respondents (93.3%) to a survey of members of the National Multifamily Housing Council (NMHC) and the National Apartment Association
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100%
A co-owner of Springfield’s First Watch restaurants is suing his business partner. Joseph Hulston, a 50% co-owner of Ozark Endeavors LLC, is suing James Tillman, the other co-owner, for fraud, misappropriation of funds, and breach of fiduciary duty. James Tillman’s wife, Lisa Tillman, also is a defendant. Ozark Endeavors, LLC manages various LLCs operating First
The top Biden official overseeing federal college financial aid has resigned, the Education Department said Friday, capping off a year of turmoil for students and universities. Richard Cordray, the chief operating officer for Federal Student Aid, will step down at the end of June, officials said. The former head of the Consumer Financial Protection Bureau,
Superintendents, financial officers and other school leaders packed a State Board of Education meeting to address multiple concerns about how the Arizona Department of Education is managing federal poverty funds. School leaders said earlier this week they don’t trust the department’s calculations for Title I funds, which are federal dollars that support schools with high
Federal pandemic relief measures brought in $178 million to Knox County Schools. The money paid for technology upgrades, tutors and career empowerment. But the Elementary and Secondary School Emergency Relief Fund expires this year, and school districts around the country have to make decisions about what programs to continue when only local and state taxpayers
What happened to all the money entrepreneur Rodney Grubbs borrowed from his creditors, including dozens of friends and associates he met in the fast-growing world of pickleball? That was the $47 million question at a hearing Tuesday in Grubbs’ bankruptcy case. And the answer remained a mystery at the conclusion of a virtual meeting of
For the last two weeks we’ve been looking at target-date funds. This is a re-examination of several articles I wrote on the subject over a decade ago. They were prompted by a report released by the Securities and Exchange Commission on how investors perceive these funds. Let’s just say the results showed a lot of