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Are based on policy and whatan they re doing is if you re a company or a sovereign like the united a states and you isse debt, they rated single aa triple-a. triple-a is the best you can get. america for a longu time has always been triple-a because people have faith that faie govethe government will py back the bonds that people buy from them. and most of the world trades on the american dollar and commoditie thes. if you re a sovereign wealth fund in the middle east or in norway ormiddle east in swil a lot of your liquidity is inan american dollar treasury billsdt . what happened in the last 48 hours? there s no way to sugarcoa this. it s bad news. it s basically a rating agency saying , you your faith in thehe ame american government to pay you back has been diminishedri aaa from a triple-a to a double-a, and that has nothing to do with any one event. it s just a long term grinit id on debt being issued by the company regardless of politicsyt at all and the propensity to pay it back ....
The good news is that Virginia s unemployment trust fund is brimming with a record $1.5 billion and claims for jobless benefits have fallen to their lowest level since the COVID-19 pandemic began. The bad news is Virginia still ranks second in the country for the longest average wait on appeals of state decisions on unemployment claims at 481 days. ....