America's Housing Crisis Affects Everyone

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The American dream is supposed to play out like this: a pleasant house in an appealing color scheme, surrounded by a white picket fence; a lush patch of grass out front; a triumphant family photo beside the “SOLD” sign in the yard. Here’s the reality: 11 million Americans spend more than half their paychecks on rent for homes they don’t own, in counties that aren’t the ones they work in. More than 550,000 people in the U.S. are homeless altogether. For those America ...read more

Sears Files For Chapter 11 Bankruptcy

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(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping. The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Chief Executive Officer Eddie Lampert in an attempt to turn around the company he bo ...read more

Jamie Dimon Joins Growing List Of Business Leaders Skipping Saudi Conference

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Jamie Dimon, chief executive of JPMorgan Chase, and Bill Ford, chairman of the Ford Motor Co., are the latest business leaders to drop out of an investment conference in Saudi Arabia in the wake of the disappearance and presumed murder of journalist Jamal Khashoggi. Khashoggi, a Saudi reporter and columnist for The Washington Post, has not been seen since entering the Saudi consulate in Turkey earlier this month. He was a known critic of Saudi policies, and Turkish authorities claim he was kille ...read more

Jamie Dimon, Steve Mnuchin And Big Bank CEOs Set To Attend Saudi Conference Despite Journalist’s Disappearance

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Even amid reports that agents for Saudi Arabia’s Crown Prince Mohammed bin Salman brazenly killed a Saudi journalist working for The Washington Post, some of the world’s richest and most influential business, media and political figures still plan to attend a Saudi-sponsored schmoozefest in Riyadh this month. U.S. Treasury Secretary Steve Mnuchin, JPMorgan Chase CEO Jamie Dimon and International Monetary Fund Managing Director Christine Lagarde plan to attend the event, the second an ...read more

‘If We Can’t Mine Coal, What Are We Going to Do?’

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EDITOR’S NOTE: Among the authors who will make presentations at next week’s Southern Festival of Books in Nashville, Tennessee is Tom Hansell, whose book, After Coal: Stories of Survival in Appalachia and Wales, will be released in November by West Virginia University Press. The book is a companion to Hansell’s 2016 documentary film, which chronicles a decades-long exchange between coalfield communities in Wales and Appalachia.  By Tom Hansell / The Daily Yonder &ldqu ...read more

Make Money From Pot? Then Forget About A Federally Subsidized Loan

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By Sophie Quinton Marijuana legalization at the state level has created a moneymaking opportunity not only for licensed growers and sellers but also for a wide range of ancillary businesses, from publicly traded garden product companies to local print shops. Now a new Small Business Administration (SBA) policy could force some entrepreneurs to choose between serving cannabis clients and getting a federally subsidized loan. In an April policy notice, the federal agency said it won’t approve ...read more