Money
Krieg Barrie

Easy come, easy go

Money | Serve God, and don’t worry about money
by Andrée Seu Peterson
Posted 8/21/19, 04:00 pm

In the same month of August, these two things happened to me: I paid $239 to a New Jersey court for the dubious pleasure of holding my cell phone in hand while driving in plain sight of a cruiser. Second, a Korean woman I don’t even remember who knew my late husband and happened to dine with a distant acquaintance, asked said acquaintance about me, and ended up writing me a check for $200. 

So it was kind of a wash, financially speaking.

Read more

Associated Press/Chinatopix

Markets rebounding from China’s money move

by Harvest Prude
Posted 8/06/19, 01:06 pm

China allowed its tightly controlled currency, the yuan, to plunge to a 7-to-1 valuation against the U.S. dollar Monday, its lowest level in more than a decade. The devaluation made Chinese goods cheaper around the globe at a time when the United States is trying to discourage buying from the communist country. Last week, President Donald Trump threatened 10 percent tariffs on an additional $300 billion in Chinese imports if trade talks between the nations don’t yield results soon.

Read more

Associated Press/Photo by Richard Drew

Fed cuts interest rates

by Lynde Langdon
Posted 7/31/19, 03:58 pm

The Federal Reserve announced its first interest rate cut in a decade Wednesday. The quarter-point decrease will affect the cost of many loans for homes and businesses.

Is the economy in trouble? Not yet, and Fed Chairman Jerome Powell said he wants to keep it that way. He told reporters this rate cut is about sustaining growth amid economic uncertainty caused by things like the trade war with China, low inflation, and weaker global markets. He also said the Fed is not planning a long series of rate cuts, as it did in the Great Recession of the late 2000s.

Read more