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As if lenders and vendors don’t have enough other stuff to worry about, the budgetary standoff in the U.S. doesn't look like it will abate soon, raising the likelihood of the first government shutdown since 2019. Current funding for federal operations will end on October 1 unless a deal is reached or the proverbial can kicked down the road. Thousands of federal workers might be furloughed without pay. Sure it will be temporary, and its wider impact will likely be limited, but still even talking about it is lousy. According to Morgan Stanley, the last 20 government shutdowns that occurred since 1976 "appear to have had limited impact on the economy." As for bond prices, a shutdown may cause some "temporary instability", but this is not a given. There is talk of a short-term Continuing Resolution (CR) providing funding until later this year, but federal agencies, including HUD and Treasury, will cease to function normally. The National F ....
McDonald’s taking 9 years to eliminate its self-serve soda pop machines. (Couldn’t they take 5 hours and just move the machines behind the counter?) In other non-mortgage news, arguably more interesting to talk about than the continued decline in mortgage applications and IMBs concerned about CRA requirements (STRATMOR’s current blog is titled, “Knowing CRA Developments is Critical”), remember when it was Ford, GM, and Chrysler? The third largest automaker in the world is VinFast, a Vietnamese electric vehicle manufacturer that was founded in 2017 and listed on the Nasdaq this month with a market cap of $191 billion! This is behind only Tesla ($760 billion) and Toyota ($270 billion), and well ahead of Chinese car maker BYD ($90 billion) and Volkswagen ($70 billion). VinFast, which entered the electric vehicle market last year, is planning to build a factory in North Carolina. Oh, and Ford is at $49 billion, GM $46 billion. Yes, rankings of all industr ....
Ken, what did he tell you about it and how is snapchat responding? matthew burgman has set up a law practice to sue snapchat and other social media companies, but in particular on this fentanyl issue. he says it s only snapchat. under a product liability theory. what he s arguing is that snapchat is putting out a harmful and defective product, the disappearing message feature are designed to shield a child s activity from parents, law enforcement and empowering drug dealers. this relates to a product feature that is designed to evade law enforcement, designed to evade parental oversight and snapchat knows it. their executives know it. and he represents dozens of ....
Innovation under Pandemic, Outstanding Operation HONG KONG, Aug. 1, 2022 /PRNewswire/ Hosted by Business Innovator, Asia's leading content platform of business innovation, the 2021 Most Innovative Solutions Award culminated on 29th July 2022 with an award presentation ceremony held at Hilton Garden Inn Hong Kong Mongkok to acknowledge businesses that demonstrated remarkable contributions and superior innovation in a wide array of industries. The event was participated by representatives from the award-winning companies, together with esteemed business and political leaders. Themed "Innovation under Pandemic, Outstanding Operation", the 2021 Most Innovative Solutions Award Recognizes Innovative Operations Themed "Innovation under Pandemic, Outstanding Operation", the 2021 Most Innovative Solutions Award is designed to identify and reward organizations which have demonstrated remarkable contributions and superior innovation in their respective sectors, which str ....