The EDD crisis could have been avoided

The EDD crisis could have been avoided

Employment Development Department headquarters at the State Capitol complex in Sacramento. EDD headquarters. Google Maps The action most emblematic of Governor Gavin Newsoms’ nearly five-year term in office is the descent into chaos of the California Department of Employment Development as a result of the Covid-19 virus outbreak in the spring of 2020. Beginning with …

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Unsexy companies are sexy now: Startups seek safety as the technology crisis continues

Unsexy companies are sexy now: Startups seek safety as the technology crisis continues

Australian venture capital firm Flying Fox Ventures is focusing on decidedly unsexy startups, its partners say, as local investors modify their strategies in the wake of the tech downturn over the past 18 months. Flying Fox led a $1.4 million ($750,000) investment round in British accounting startup Mayday, which founder Rachael Neumann says is part …

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Leon Cooperman warns of persistent inflation, recession and financial crisis

Leon Cooperman warns of persistent inflation, recession and financial crisis

Leon Cooperman. Rick Wilking/Reuters Leon Cooperman warned of persistent inflation, higher interest rates and a potential recession. In an interview with Insider, the billionaire investor blamed senseless fiscal and monetary policy. Cooperman called on the US authorities to sort out their actions before they plunge the country into crisis. Short-sighted officials paved the way for …

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A huge increase in shoplifting in Australia as the cost of living crisis drags on

Australians rob shops, gas stations and cafes maintenance costs is growing – new data show. Comparison website Finder reported that in a survey of more than 1,000 respondents, 12 percent admitted to stealing in the last 12 months due to financial stress. That would mean 2.4 million people nationwide. Australians have admitted to stealing from …

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Argentina goes to the polls in the face of a severe economic crisis

Argentina goes to the polls in the face of a severe economic crisis

Workers load ballot boxes and voting materials into a truck ahead of the presidential election, Buenos Aires, Argentina, October 21, 2023. REUTERS/Mariana Nedelcu/File Photo Acquire Licensing Rights BUENOS AIRES, Oct 22 (Reuters) – Argentines will go to the polls on Sunday to vote in a general election in the shadow of the South American country’s …

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S&P raises Greece to investment grade for the first time in over a decade

S&P raises Greece to investment grade for the first time in over a decade

ATHENS Greece’s credit rating has been upgraded to investment grade by Standard & Poors in the first such move by one of the three main rating agencies since the country’s sovereign debt crisis rocked the country more than a decade ago. Late Friday, S&P Global upgraded Greece’s rating to BBB- from BB+, citing the country’s …

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