May 15, 2024
Investment

A bank’s offering a 100-year CD. Should you consider investing in one?

Savers may want to lock in high interest rates for the long haul before they likely head lower later this year. But is 100 years too long? Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a100-year Local Impact Certificate of Deposit (CD) paying a fixed 4.75% annual interest rate.

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Funds

New North Padre Island park in Corpus Christi may see more funds

A planned park for North Padre Island that would transform a largely bare landscape into a regional recreational hub hasn’t yet reached design – but additional funding may speed it along. The first phase of Commodore Park, if it were to unfold as envisioned, would encompass a range of early amenities such as pickleball courts,

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Crypto

California co. upends Cherokee County, NC

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

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Property

James Pfister: Property, our basic right

James W. Pfister The right to property in our English legal tradition goes back before the Magna Carta of 1215 in the age of feudalism. The famous Article 39 of the Magna Carta states as relevant here: “No free man shall be … disseised … unless by the lawful judgment of his peers, or by

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Loans

Loan debt list ranks 3 Florida cities in US’s top 20 for most debt

Two months ago, Jacksonville ranked in personal finance company WalletHub’s top 10 U.S. cities where residents are the most financially stressed.  Just last week, Florida ranked in Forbes Advisor’s top 10 states where it’s most difficult for residents to save money and the Miami metro area ranked in the top five metro areas where it’s

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Loans

Nonprofit awards $12 million in loans to Ventura County projects

A nonprofit lender that supports developers building affordable housing announced Thursday it will loan $12 million to several projects in Ventura County. Housing Trust Fund Ventura County will make loans to Arrive Ventura and Valentine Road Apartments in Ventura, Citrus Flats in Santa Paula and Aspire Apartments in Oxnard. “For us to approve $12 million

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Funds

Fall River seeks grant proposals for opioid lawsuit settlement funding

FALL RIVER — With the city receiving a windfall of $8 million from settling lawsuits with prescription opioid manufacturers and distributors, Fall River should set aside some money to pay the funeral expenses of people who will die from drug overdoses, said Niki Fontaine, director of Substance Use and Homeless Outreach Services.  To the board

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Property

NJ’s property tax rate leads the country. Where does your town stand?

New Jersey’s 564 towns all levy property taxes and invariably receive backlash over the cost — not surprising, as the state boasts the highest concentration of the highest property tax bills in the nation. Its property tax rate on owner-occupied property as a percentage of home value leads the 50 states, according to a 2023

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Loans

Iowa Student Loan stopped collecting confessions of judgment years ago

Christine Hensley is chair of the Iowa Student Loan Liquidity Corp. board. Steven McCullough is CEO of Iowa Student Loan Liquidity Corp. Editor’s note: The April 21 Register editorial “Student borrowers shouldn’t be asked to sign away their rights” noted court filings within the preceding month when Iowa Student Loan had filed previously signed confessions

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Finance

Amid FAFSA crisis, Federal Student Aid chief Richard Cordray steps down

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,

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