I wonder how much this guy gets paid…
The New Deal included the establishment of the Civil Works Administration (CWA), the Farm Security Administration (FSA), the Civilian Conservation Corps (CCC), and the Social Security Administration (SSA), which provided support for farmers, the unemployed, youth, and the elderly. The New Deal also included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply.
Great song… great ensemble performance.
There are three kinds of government fixed-income securities: Treasury bonds, notes, and bills.
T-bonds (long bonds) mature in 30 years and typically pay the highest interest rates twice yearly. They are sold at monthly online auctions held by the US Treasury in multiples of $100.
T-notes mature anywhere from 2 to 10 years and pay lower yields, also twice yearly. Like T-bonds, they are sold at auction in $100 increments.
T-bills have the shortest maturity, ranging from four weeks to a year. T-bills are auctioned off to investors at a discount to par (face value). The investor’s return is the difference between the par value and the discount price paid at purchase.
Very interesting. With all the research I’ve been doing, I didn’t know some of these “facts.”
Treasury bonds (T-bonds) are US government debt securities with a maturity of 10 to 30 years. They pay a fixed interest rate to the purchaser on a semiannual basis until maturity. At maturity, the purchaser is paid the principal (the face value of the bond). Because they are considered to have low credit or default risk, they generally offer lower yields relative to other bonds. The interest is tax-exempt at the state and local levels, but is taxed by the federal government.
Good corona humor: “Adley on Instagram” LINK
How Bad Was the Great Depression?
The stock market crashed on Black Thursday, October 24, 1929. By the following Tuesday, it was down 25%. Many investors lost their life savings that weekend.
By 1932, one out of four people was unemployed. Wages for those who still had jobs fell precipitously. Manufacturing wages dropped 32% from 1929 to 1932. US GDP was cut nearly in half.
Thousands of farmers and other unemployed workers moved to California and elsewhere in search of work. Two-and-a-half million people left the midwestern Dust Bowl states.
The Dow Jones Industrial Average didn’t rebound to its pre-Crash level until 1954.
(Source: TheBalance.com)
Happy feet!
Unlike what some in the media are claiming, obesity – not coronavirus – is almost certainly the biggest killer in America.
* It is responsible for about 600,000 or 20% of the approximate 3 million Americans that die each year.
* According to a study published in the American Journal of Public Health, obesity was associated with nearly 1 in 5 deaths (18.2%) among adults in the United States from 1986 through 2006.
* In 2017, more than 100 million Americans (80+ million adults and 20+ million children) were obese, according to the National Center for Health Statistics. And the prevalence of obesity rose steadily from 19.4% in 1997 to 31.4% in 2017.
* The prevalence of obesity is greater in some minority groups, including Pima Indians, Mexican Americans, and African Americans.