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You can find me @AmyResnick
Amy B. Resnick, former Editor at Pensions & Investments, the international newspaper of money management.
BREAKING: In a historic win, Oregon votes to becomes the first state in history to make healthcare a constitutional right, giving ALL Oregonians a right to “cost-effective, clinically appropriate and affordable healthcare.” RT IF YOU THINK THAT YOUR STATE SHOULD DO THE SAME!
@bennyjohnson the NY naming convention of our court system is a bit strange. Supreme Court is the lowest level court. this will be appealed to the appellate division by NYC. and ultimately could go to the NY State Court of Appeals which is the highest court here...
Rates up - Bond prices down. Why this matters?
1- pension funds repo the gilts out. As value of gilts (collateral) drops they get margin calls
2- they hedge with interest rate swaps (receive fixed). As rates move higher, they have to post variable margin
With @CNBCJou
(2)
“We’re going to be allocating pubic capital to things you’ve never heard of before [including carbon sequestration, broadband investments, and various climate adaptations]. Experts in public finance will need to become experts in those projects as well.” (5/6)
BREAKING: More than 150 prominent Michigan Republicans have announced their support for Dem Governor Gretchen Whitmer for re-election against Trump-backed opponent Tudor Dixon.
Country over party.
@fwtoney Here’s the letter Kushner from the oversight committee re the investigation into the 2 billion from Saudi, and it’s incredibly telling.
https://t.co/jRauL5RhGv
European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5 trillion, Norwegian energy giant Equinor says https://t.co/1L9GDXZ2kB
Hats off to the P/E lobby! After all these years and budget crises, the highest paid people still pay the lower capital gains tax on earnings from their labor. I agree their activity helps the economy, but so does the labor of truck drivers, teachers and construction workers!
A judge scolded right-wing conspiracy theorist Alex Jones on Tuesday for lying under oath during his defamation trial in Travis County, Tex.
“You must tell the truth while you testify,” Judge Maya Guerra Gamble said. “This is not your show.”
https://t.co/YzxxNm93Op
With much in #ARPA $$$ unspent, some argue too much cash was available, but "trends thus far are not reflective of a lack of need but are tied to administrative challenges," write @Amanda_Kass and @PhilipRocco for @govfinanceUIC in @ASPANational's PATimes.
https://t.co/FGc4104bhf
WSJ Ed Board continues the Dump Trump drumbeat: “Republicans can’t afford to look away from the accumulating evidence of his conduct” https://t.co/dhRkxQliMZ