Jack Poulsen, the former president of the failed Ericson State Bank in Nebraska was sentenced to 18 months in prison for bank fraud involving loans to a relative that led to the rural bank’s collapse, according to the U.S. Attorney’s Office for the district of Nebraska. Poulsen, 71 , was sentenced to bank fraud last … Read more
Michigan is spending money at an unsustainable rate, and the state’s latest state budget shows why this can’t go on. The state-funds budget for fiscal year 2024-25 is $46.8 billion, a 0.4% decline from the previous year. While this amount is below the Sustainable Michigan Budget level, it hides deeper problems threatening the state’s economic … Read more
A 2023 SecureSave survey found that 63% of Americans could not cover an unplanned $500 expense. That tells us that many people lack emergency savings in a very big way. New York Life’s latest Wealth Watch survey findings align with SecureSave’s. That data, which was released this past June, found that only 38% of U.S. … Read more
(Bloomberg) — SK Hynix Inc. is set to receive an initial $450 million in US grants and $500 million in loans to build an advanced chip packaging and research facility in Indiana, a project that will bolster US capacity for a critical part of the artificial intelligence supply chain. The $3.87 billion site will package … Read more
Whatever your financial situation, it’s safe to say that the last few years have been challenging economically. From the cost of living crisis to rising interest rates, there’s no hiding from the fact that life has become more expensive so it’s no surprise if your financial goals have felt more out of reach. Regardless of … Read more
Living in the Big Apple State just got a little sweeter: Gov. Kathy Hochul recently announced that $350 million in New York state revenues will be sent throughout August. This is part of the state’s expanded Empire State Child Tax Credit program. We’ll cover the program, eligibility requirements, and how much families can expect in … Read more
While consumer prices, food and energy through June 2024 are up 3% year over year, some specific grocery items are up much higher than that in the same period. The cost of beef and veal is up over 5% since June 2023, butter is up 6.9%, bacon and related products are up over 8%, and … Read more
ORONO—Registration is open for a new online professional development program titled “What’s Next? Planning Your Transition to Retirement,” with each class to be held biweekly from 6–7:30 p.m. on Sept. 10 and 24, Oct. 8 and 22, and Nov. 12 and 26. The newest program in the University of Maine Division of Lifelong Learning’s Professional … Read more
New Soap Lake School District Superintendent Angela Rolfe said she and her administration are focused on responsible budgeting and she’s glad to be back in the district. “The Soap Lake School District has really always felt like home to me, so I was really excited to be able to come back,” Rolfe said. Rolfe replaces … Read more
The traditional investment model often prioritizes financial returns above all else. However, a growing number of investors recognize their money can be a force for good, too. Impact investing is a strategy that aims to generate both financial returns and positive social or environmental change. Impact investing aims to support certain companies while also netting … Read more