NORTH PORT – North Port leaders moved closer Wednesday to approving the wording for a November referendum asking voters to let the city borrow money without getting voter approval for every project. As required by state law, any bonds that would be backed by property tax revenues would still be subject to a citywide referendum. […]
Tag: Borrowing
California in a jam after borrowing billions to pay unemployment benefits
California Gov. Gavin Newsom discusses his proposed state budget for the 2024-2025 fiscal year, during a January news conference in Sacramento. (Rich Pedroncelli / Associated Press) California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred […]
Optimize borrowing of ideas from other arenas
Everywhere you turn, people and businesses are trying to “optimize” something. Optimize and its longer form, “optimization”, is one of those buzzwords that drives me crazy. It’s overused to the point it has lost its meaning over time. I hate that. People running around, running their mouths without making much sense. We all run into […]
Deere cuts 2024 profit view as high borrowing costs hurt farm equipment demand
(Reuters) -Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket farm equipment purchases due to high borrowing rates and falling crop prices. Net farm income in the U.S. is expected to witness its largest decline since 2006, as it is set to fall 27% to $116 billion, from […]
UPDATE 1-Deere cuts 2024 profit view as high borrowing costs hurt farm equipment demand
(Adds details on net income, revenue) Feb 15 (Reuters) – Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket farm equipment purchases due to high borrowing rates and falling crop prices. Net farm income in the U.S. is expected to witness its largest decline since 2006, as it […]
This nurse from Nashville borrowed $48K for her fiance’s truck — after borrowing $25K to fund her custody battle with her ‘crazy ex.’ Dave Ramsey responds
‘Super stupid and crazy’: This nurse from Nashville borrowed $48K for her fiance’s truck — after borrowing $25K to fund her custody battle with her ‘crazy ex.’ Dave Ramsey responds How do you get ahead in life when your past keeps coming back to bankrupt you? That was the dilemma Ashley from Nashville, Tennessee, recently […]
Short Sellers See Distress Emerging in Apartments as Borrowing Costs Surge
(Bloomberg) — Soaring rents and cheap funding made blocks of US rental apartments seem like a “can’t miss” investment during the pandemic. Developers piled in to take advantage by constructing millions of the multifamily units, while investors snapped up older complexes to renovate them. Most Read from Bloomberg Since then, borrowing costs have surged, and […]