Displaying items by tag: market

RALEIGH — After a historic period of rock-bottom interest rates and equally historic infusions of cash into the economy during the COVID-19 pandemic, the Federal Reserve raised interest rates yesterday by a half of a percentage point and announced plans to reduce their $9 trillion balance sheet. Both of these moves are aimed at fighting rising inflation, including in the housing market. In March, they brought the rates up a quarter percent to 0.25–0.50, and now they are setting the rates at 0.75–1.0, a half-point jump. 

Published in Local News

WASHINGTON — The U.S. Department of Agriculture has clarified the definition of a spot market sale and hog eligibility under the Spot Market Hog Pandemic Program, which assists producers who sold hogs through a spot market sale from April 16, 2020, through Sept. 1, 2020. Hog producers will also now be required to submit documentation to support information provided on their SMHPP application. USDA’s Farm Service Agency will accept applications through April 29, 2022, which is an extension of the April 15, 2022, deadline previously set for the program.   

Published in Local News
Thursday, 04 November 2021 13:52

USDA provides $1.8B to offset market fluctuations

WASHINGTON — The U.S. Department of Agriculture is in the process of issuing $1.8 billion in payments to agricultural producers who enrolled in the Agriculture Risk Coverage and Price Loss Coverage programs for the 2020 crop year. 

Published in Local News
Monday, 01 November 2021 12:26

OPINION: Public conflicted on housing markets

As they witness rapidly escalating costs for building, buying, and maintaining homes, the vast majority of North Carolinians clearly want their leaders to do something about affordable housing.

Published in Opinion
Wednesday, 20 October 2021 14:15

OPINION: 'Fair trade' is still a fraud

The Biden administration is embracing the same flawed “fair trade” mantra that previous administrations used to sanctify protectionist policies. Biden’s team has “largely dispensed with the idea of free trade as a goal in and of itself,” the New York Times reported. U.S. Trade Representative Katherine Tai recently touted the Biden administration’s plans to “shape the rules for fair trade in the 21st century.” What could possibly go wrong from such a lofty aspiration?

Published in Opinion

On July 26, 2020, U.S. President Donald Trump signed an executive order under which the U.S. government's Medicare Part D program would have negotiated lower prescription drug prices based on an "International Price Index."

Published in Opinion

Despite Joe Biden’s success on Super Tuesday and his likely nomination, the Democratic primary has exposed the leftward shift of the country. Last night on stage with Kamala Harris and Cory Booker, Biden called himself a “bridge” between this generation and the next generation of leaders. And the next generation will be far more progressive than those who have governed in the 40-year wake of the Reagan Revolution. 

Published in Opinion

RALEIGH — Fears of a global economic slowdown, fueled in part by the coronavirus outbreak, took a $4.2 billion chunk out of North Carolina’s state pension plan.

Published in Local News