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Did You Know?
62% of renters renewed their leases in the second quarter of this year, up from 60.5% a year ago. (WSJ)
Did You Know?
Math stands for…...
M - Measurement,
A - Analysis,
T - Techniques, and
H - Hypothesis
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BANK-flation? Those who argue that some entities did not purposefully profit from the inflation narrative might want to evaluate this: US banks made a $1 TRILLION windfall from the Federal Reserve’s two-and-a-half-year era of high interest rates, an analysis of official data by the Financial Times has found. Lenders got higher yields for their deposits at the Fed but kept rates lower for many savers, the review of Federal Deposit Insurance Corporation data showed. The boost to the US’s 4,000-plus banks helped pad profit margins. (FT)
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Hurricane Helene will cause $25 - $30 billion in physical damage and losses. The majority of that won’t be covered by insurance. Roughly 4% of Americans have flood insurance. (Bloomberg)
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A sizable effort is being made to harvest seeds of native plant species: Invasive plants can do extensive damage to ecosystems and increase fire risks. But native plants can reduce both risk and damage from wildfires. Fire-resistant landscaping emphasizes low-growing, deep-rooted, moisture retaining plants.
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The PCE price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago. The all-items inflation gauge was below Wall Street estimates and the lowest since early 2021.
Did You Know?
BANK-flation? Those who argue that some entities did not purposefully profit from the inflation narrative might want to evaluate this: US banks made a $1 TRILLION windfall from the Federal Reserve’s two-and-a-half-year era of high interest rates, an analysis of official data by the Financial Times has found. Lenders got higher yields for their deposits at the Fed but kept rates lower for many savers, the review of Federal Deposit Insurance Corporation data showed. The boost to the US’s 4,000-plus banks helped pad profit margins. (FT)
Did You Know?
Gold-rushes, Arms races, Oil-rushes.....now we are in the midst of a power rush as technology companies scramble to secure massive swaths of power for their tech, especially A.I..... will EV's be the victim? Who has more power to sway policy: tech companies or car manufacturers? For decades consumers have been encouraged to reduce power consumption with LED lighting and energy efficient systems/appliances.....many data centers use the same amount of power as entire large cities. Who is picking up the tab? (WSJ)
Did You Know?
That on the US highways system if the highway ends in a 0 then you are traveling from East and west through the country. If theHighway ends in a 5, your are traveling vertically (north and south). Check out this video.
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