#us credit rating
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i-news-you · 1 year ago
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📉 Is the United States' Credit Rating in Jeopardy? 📈
In our latest video, we dive deep into the potential consequences of an impending government shutdown on the US credit rating. Moody's Investors Service has issued a warning, and it's a wake-up call for all of us.
Join us as we unravel the intricacies of this critical issue, shedding light on how political polarization and fiscal challenges are impacting the nation's financial stability.
Discover the ripple effect of a credit rating downgrade - from Treasury bonds to your mortgage rates. We've got all the insights you need to make informed financial decisions.
Stay in the loop with the latest in finance and economics. Watch our video, like, subscribe, and hit that notification bell to stay ahead of the game!
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hezigler · 1 year ago
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mapsontheweb · 1 year ago
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States with better credit ratings then the federal government
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wizardnuke · 1 year ago
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thought about professor caleb a little too hard. laying on the floor
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macbethz · 22 days ago
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I cannot believe how fast misinformation spread about ai energy use like I get it you want to have ethical backing for your anti ai argument and discussions of things like “labor laws” and “copyright” are much more complicated than invoking global warming or the human soul but like jesus. It’s becoming very clear to me that most people don’t know how the internet or technology works at all.
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besnouted · 5 months ago
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now that i can give a more coherent update, the prognosis is basically that she will be in indefinite hospice treatment with symptomatic treatment where possible. the main concern is her platelet count, because her blood is unable to clot and so even a little bump could cause big problems for her. and then her appetite to ensure she keeps her weight on and strength up
we ended up at the kindest emergency vet we've ever been to and god i cannot even begin to get into how many traumatic experiences we've had with horrible emergency vets... but they were all amazing there and the main vet took so much time to break down what was going on and keep us informed on every single test they did and then afterward wrote up a super detailed report so we could go to a non-emergency vet to continue her meds if they improve her qol
and already a day and a half later she is seeing a huge improvement in her energy and comfort, like she's doing things i haven't seen since before the lethargy first set in which i am so beyond grateful i get to see again even if i know she isn't 'getting better'
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maryse127 · 2 months ago
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Writing this cover letter and I can't help but feel excited about the possibility of maybe getting a job at Nintendo if this application is well received but the simultaneous reality of probably needing to move to Germany for it is something I do not want to grapple with
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comrademango · 3 months ago
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😐
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uninspiringdyke · 1 year ago
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doing boring adult things kinda makes me horny. got approved for a credit card with unreal benefits that'll help us afford groceries. got a crock pot recipe pulled up in a tab to make today. kinda gets me going
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dontmeantobepoliticalbut · 1 year ago
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When Hurricane Ian pummeled Florida last week, it left a stunning trail of physical devastation in its wake. Entire neighborhoods vanished beneath water, cities were shredded by 150-mile-per-hour winds, and thousands of people lost their homes overnight.
Though the storm has since dissipated, it will bring even more turmoil to the Sunshine State in the coming months — but this damage will be financial rather than physical. Ratings agencies and real estate companies have estimated the storm’s damages at anywhere between $30 and $60 billion, which would make it one of the largest insured loss events in U.S. history.
Wind damage is covered by standard homeowner’s insurance, and the payouts necessitated by Hurricane Ian’s extensive wreckage are likely to accelerate the collapse of the state’s homeowner’s insurance industry, driving private companies into bankruptcy and forcing thousands more Floridians into a state-run program with questionable long-term prospects. The process offers an early view of the way that natural disasters fueled by climate change threaten to upend regional economies.
Home insurance costs are poised to skyrocket for all Floridians — not just those who live in the places most vulnerable to major storms. The state will be forced to impose new taxes and penalties as it tries to keep the market afloat. New burdens will fall largely on low- and middle-income homeowners. For many working class Floridians, homeownership may become impossible to afford as a result.
“We already have a housing affordability crisis, and now we’re adding this new pressure,” said Zac Taylor, a professor at the Delft University of Technology who has studied climate risk in Florida and grew up in the city of Tampa. “Insurance is potentially the thing that is destabilizing homeownership — ironically, because it’s the thing that’s supposed to protect [homeownership] and make it possible.”
While homeowner’s insurance nationwide averages around $1500 a year, Floridians already pay almost three times as much. The state’s insurance market has been struggling ever since Hurricane Andrew made landfall south of Miami in 1992 and damaged more than 150,000 buildings. After Andrew, large private insurers like Travelers and Allstate froze their business in the state rather than risk having to pay for future disasters. This led to the creation of a public option called Citizens, which functions as an “insurer of last resort” for people who can’t find private coverage. The state also subsidized small “specialty” insurers who would only offer homeowner’s coverage in Florida, shifting market share away from national companies.
But this local market has begun to teeter in recent years, even in the absence of any major hurricanes. One reason is that Florida has become a hotbed for sham roof-repair lawsuits. Shady contractors approach a homeowner and offer her a free new roof, then file a claim with her insurer on her behalf, even if her roof didn’t actually suffer any insurable damage. Then, the contractors litigate the claim until the insurer settles. This has gotten quite expensive for insurers in the state: Florida accounted for 8% of all homeowner’s insurance claims in the United States in 2019, but more than 75% of all insurance lawsuits.
At the same time, it has become much more expensive for insurance companies to purchase their own insurance. The companies buy this so-called “reinsurance” to guarantee that they have enough money to make large payouts after big disasters, but the large global companies that sell reinsurance have gotten cagey about offering it in Florida, considering that the state has built millions of additional homes in areas vulnerable to natural disasters even as climate change increases their risk. The reinsurance companies have raised prices to account for this, and many local insurers have struggled to keep up with the costs.
The high costs of litigation and reinsurance had already driven six local insurers bankrupt so far this year, even before Hurricane Ian. In the summer, a ratings firm called Demotech threatened to downgrade several other specialty insurers, saying they weren’t stable enough to deal with a big storm. That downgrade would have made them worthless in the eyes of major lenders and effectively removed them from the market. It caused a flurry of concern from state lawmakers, one of whom said the market was about to “collapse.”
Hurricane Ian is likely to hasten that collapse by driving at least a few more homeowner’s insurance companies into bankruptcy. If Ian’s damages are close to the estimated $30 to $50 billion, it would be especially catastrophic for Florida’s already-struggling specialty insurers. The companies that do survive will have to pay even more for reinsurance, which will force them to further raise prices.
“I would predict the price of insurance will go up in Florida, or, certainly insurers will be looking for price increases,” Alice Hill, a climate change and insurance expert at the Council on Foreign Relations, told Grist. “It’s proving to be risky, particularly with climate change, looking at these storms intensifying more quickly.… Homeowner’s insurance is written on a year-by-year basis, so if a big event comes through, there’s a change next year.”
New bankruptcies and price hikes on the private market would drive thousands more Floridians to Citizens, the public insurance provider that the state established after Hurricane Andrew. The number of Floridians enrolled in Citizens has already surged over the past decade as other private insurers have collapsed, and this year the program surpassed 1 million policyholders for the first time, having doubled in size over two years. It controls around 15% of the insurance market — and more than twice that in especially vulnerable places like Miami.
“You’re going to see a big increase in the number of policies going to Citizens, and you could see a significant portion of the private market just go away,” said Charles Nyce, a professor of risk management at Florida State University and an expert on the state’s insurance market. “And the more of the market Citizens takes, the more at risk the state is.”
That’s because the state is on the hook to help Citizens pay out claims after big storms. Citizens has about $13 billion right now, and early estimates suggest that claims from Ian will only cost the program around $4 billion, so it’s not in any immediate financial jeopardy. But the program will balloon in size over the coming years as it absorbs all the people who lose coverage on the private market after Ian, and its expanding roster will leave it more vulnerable to the next big storm. If another Ian comes around, Citizens might find itself short on cash.
This would force Citizens to make what is called an assessment, or a “hurricane tax” in local lingo. When the program faces financial difficulties, it can impose a surcharge on every person in Florida who buys any kind of property insurance, from home insurance to auto insurance to business insurance. This surcharge acts as a kind of tax subsidy for people in vulnerable areas: Everyone in Florida ponies up to ensure the state can help storm victims rebuild.
“That’s the biggest concern I have,” said Nyce. “Say you’re a single mom working in Orlando living in an apartment, but yet you have to own a car. Now you’re paying an assessment on your auto insurance to subsidize someone who lives on the beach.”
Since Hurricane Ian is unlikely to stem the tide of new arrivals to Florida — and since the only insurance option for these new arrivals will be Citizens — Nyce said that these assessments could become much more common as the years go on. In the past they have never exceeded around 1.5% of annual insurance bills, but future storms could drive that number higher.
Citizens can also issue bonds to fund payouts, said Nyce. But because it would issue those bonds against the state’s credit rating, doing so could dampen the state’s own ability to borrow money, again leading to higher costs down the road. And the more tax revenue the state spends propping up Citizens, the less it has to fund other essential services like education and transportation.
The upshot is that Hurricane Ian could make life in Florida a lot more expensive for everyone in the state who owns a home or a car. Decades of rapid development and a new era of supercharged storms have created a risk burden that is impossible for the private insurance market to bear. Now, in the aftermath of Ian, the state’s 21 million residents will assume more and more of that risk, and their wallets will see its earliest effects.
For an example of how these costs might impact vulnerable Floridians, Taylor pointed to the community of Miami Gardens, a majority-Black community in the Miami metroplex that is one of the last places in the region where homes are affordable.
“How is this community supposed to reduce its risk?” they said. “How are homeowners going to deal with this? We’re talking potentially the equivalent of multiple monthly mortgage payments … and this is not poised to go [back] down. Fewer and fewer people are going to be able to afford their houses.”
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flamelaz · 9 months ago
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i've come to accept that my mom is never going to respect my personal boundaries but I need her to respect my financial ones
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gnatlistens · 2 years ago
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album review: Wachito Rico -- boy pablo
ALBUM RATING: 7.5/10
initial thoughts
i got some motivation to do another album review again HAHAHSH thanks @dumdum0515 for this rec! i haven't listened to a lot of boy pablo's discography (the few songs i listened to were just okay), so i'm not too sure if i'll like this, but i'm hopeful :)
tracklist
in depth review under the cut:
track 1: ​i hope she loves me back
Okay woah I immediately liked the synth in the beginning! Lyrics are just okay to me, but the whole track is definitely a vibe + his voice fits that vibe, and I generally love the instrumentals.
8/10, i would relisten for the amazing synth
track 2: hey girl
This is groovy! The track starts off strong and immediately with the hook, that is repeated throughout, which makes it quite catchy. I like how it swells at the chorus, and the bridge is really cool too. It reminds me of The Beginning by Magdalena Bay, just slightly
8/10 too, any song that can be compared to The Beginning is amazing in my books
track 3: leave me alone!
THE BUILD UP BEFORE THE FIRST CHORUS?? it was unexpected and it works SO WELL with the chorus! plus that outro after that?? omg. I also love the bridge, it's a vibee. I like the drums in this song, and generally like the melody more than the previous two, so:
9.5/10! it was an immediate add to playlist
track 4: honey
The lyrics on this track are quite pretty and poetic, this is quite nice and the repeated notes in the chorus remind me of 'if i let u in' by Shye.
6/10, a very decent track! (I just liked it less than the previous 3)
track 5: rest up
Hmm, this track is okay! The hook is pretty good, and I just realised boy pablo's voice sounds kinda similar to Rex Orange County LOL.
also 6/10!
track 6: te vas // don't go
A cute and quite an aesthetic song! The lyrics feel like they can be quoted, and the bridge sounds like it would fit the ending of an episode in a tv series, when there's a resolution (something like Space Song in Wednesday)
6/10 too, still a decent track!
track 7: aleluya
Aww a sweet interlude! I like the vibes, and it extends from te vas//don't go quite well!
6/10
track 8: come home
Strong beginning again! It cools off into a more chill, slower pace which fits the home-y and welcoming vibes that the lyrics are trying to convey. Lyrics and melody/rhythm are integrated really well in this :)
7/10
track 9: mustache
This is okay to me! I like the general hook and the back part, the instrumentals after the lyrics
6/10
track 10: vamos a la playa
It's speeding up the pace for the next track, and OH THE TRANSITION?? Albums get bonus points to me if they have great transitions, so it looks like this album is going to qualify
track 11: wachito rico
OHH title track time. I immediately liked this! Instrumentals and melody, high scores across the board, plus a cool bridge?!!
9/10
track 12: nowadays
A quieter, acoustic track! Love the vibes and it sets the mood for the last 2 tracks from this album. Really quotable lyrics too, and the repeated lyrics work well in this track
7/10
track 13: i <3 u
I love this soft track, it ends the album well, especially the slower cool down from the bridge onwards. How the instrumentals briefly pause,, i love that type of syncopation so much!
8/10
best lyrics --  te vas // don't go
You gave your eyes to somebody else // What am I supposed to do?
best melody/production -- leave me alone
I love this song so much!! With the creative use of build ups and quite a unique mix, it is memorable and reminds me of my favourite synth-pop tracks (although it's not exactly synth-pop). Definitely my favourite from this album
my final rankings 
leave me alone!
wachito rico
hey girl
​i hope she loves me back
i <3 u
come home
nowadays
rest up, honey
te vas // don't go, mustache
aleluya, vamos a la playa
Overall, this album is very cohesive and I appreciate the 3 transition tracks! This was better than I expected and I'll definitely be listening to leave me alone! for a bit, and I'm sure the slower songs will grow on me with another listen.
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pebblezone · 2 years ago
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succumbing to the illness. becoming a hater. anyway look at this building they’re fucking destroying
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#talkingcore#they’ve been hosing her down everyday but it’s so windy she just blows onto people. not ideal#she used to be the rec building but she felt like tunnels she was stuffy and evil and the weights were separated in a mean way#not a fan but she’s dead now!!!!!!#every day can be destroy. build. destroy when you’re living the dream life#thinking about how like December 2021 I was doing my first run through of the bb discography and making my ratings#(had a lovely grid and rating system) but one of my biggest flaws was how low I rated love you#yeah the vocals are kinda trash but that’s what happens when you go from singing to critical acclaim to doing coke daily there are effects#like sure Mona is obnoxiously repetitive but dammit it’s a Little fun. we can ignore what the actual meaning of I wanna pick you up is#ignoring the actual meaning it’s a really nice and sweet song. once agai. 1970s Brian should not have been allowed to touch a pen#anyway this is a roundabout way of saying I caved in and put Johnny Carson on the 2023 playlist and I think it’s yelling in a not good way#I’d share it but I got Apple Music and I kinda like not doxxing myself 💔 sorry lads#maybe one day I’ll be ready to doxx myself#that way my employer can see all my really great takes and creations!!!#Twas sounding like i had been able to achieve the sweet sweet affects of t this morning but now I am Less ill and sound more normal#sad but good I kinda need to sound normal as long as I have to speak in class#yknow what’s a good album? make it big by wham that shit is sooooo good#you CAN have my credit card baby 🥰🦅🦅🦅🫡🦅🦅🦅
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deeisace · 1 year ago
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#wh. um. fuck.#dad's told me about my nan's will#and uh.#the money goes first to my grandad's looking after obviously#but um once he's not around (in a year or two dad says‚ with his alzheimers)#then it's split between the family in percentages ive forgotten - including my mum‚ which is lovely#but basically in two/three years. i could have enough money to buy my own place.#ive no idea what my credit rating looks like in the least but i guess i have that amount of time to find out and sort it out#i imagine it's not very good - i don't have a credit card or anything like that but i haven't used my overdraft since i was at uni#but dad says i could get 60 grand! so if i buy somewhere with 60k up front and the rest as mortgage? right?#i have no clue whatsoever how to do all that stuff or even like how much furniture costs or how to choose a mattress or anything#ive never had anything like that new#so um. yeah. that's. something#i don't know what to do with it or anything. but it's a thing.#for now i need to go back and find a flat my own cs ive got like 6 weeks now to move from this place#and i have to ring the estate agent landlord people to find out if i can just move upstairs or what. cs that'd be my first choice honestly#but um. my brains gone to mush#i knew my grandparents were well-off but i didn't know it was by that much#or that id get such a high percentage - tho that's half what my dad's getting so i guess that makes sense#he says he's gonna buy a boat and go to south america#which sounds bonkers honestly like he's not a sailor whatsoever#but i guess he's a lot more sensible now he's been sober a year than he ever was when i was a kid
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niconiconwo · 1 year ago
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Writers/Actors on strike on top of video game workers and SFX workers starting to unionise, UAW imminent strike, looming federal shutdown; man it sucks to be a money guy right now tbh. UPS was smart to make an honest deal, but imagine if Teamsters were all on strike right now too.
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sabattoir · 1 year ago
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rent is 38% of my monthly income :(
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