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The nation now has the highest debt to Gross Domestic Product ratio since World War II, and the debt servicing costs will be rising sharply with rates, Thornberg said.
Recession-proof businesses provide essential goods and services, such as health care, groceries, and car maintenance. This means they maintain consistent demand even during uncertain economic ...
The idea of a coming recession may be scary, and understandably so. The good news is that there's no guarantee the economy will decline in the coming year, despite the Fed's projections.
What matters now is that you use this time to prepare. Cut back on nonessential expenses, increase your savings and pay down or restructure high-interest debt. Once you have a plan in place, stay ...
The unemployment rate has surpassed its 36-month moving average this year — a signal in the labor market that has always been followed by a recession, according to Société Générale.
Layoffs can happen during a recession and losing your source of income is scary. Evaluate your job security and pick up a side hustle to feel confident you can ride out the hard times.
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
In a grim sign for the state, California is projected to see a $58 billion shortfall in revenue collection over the course of three fiscal years, from 2022-23 to 2024-25, according to a report ...