The Fabulous Yields, and Lurking Risks, of Money Market Funds

The funds are paying enticing interest rates right now. But the debt ceiling and signs of weakness in the banking system are worrisome, our columnist says.

source https://oto.oto-login.com/

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Paul Krugman: What’s the matter with New York? Too little housing

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Bashing New York City has long been a popular pastime on the right. Conservatives routinely portray the Big Apple as a dystopian wasteland. And the bashing has reached a fever pitch since Alvin Bragg, the Manhattan district attorney, announced multiple charges against Donald Trump. How dare Bragg pursue these cases, Republicans ask, when crime is running out of control on his home turf? But New York crime isn’t really out of control. As in many places, crime jumped during the pandemic, but it seems to be subsiding; although Republicans won’t believe it, crime in America’s safest big city remains much lower than crime in, say, Miami or Columbus, Ohio. Still, even before the pandemic there was a steady if not huge flow of people out of New York. Why were they leaving? It probably wasn’t crime, although perceptions can be at odds with reality. It probably also wasn’t taxes; I’ll get there in a minute. The biggest factor, almost surely, was and is the cost of housing. About perceptions:...
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Celeste Maloy challenged by GOP opponent to 13 primary debates — just as she dared Republicans last year

As Rep. Celeste Maloy asked of her competition while running in last year’s 2nd Congressional District special election, her new Republican challenger Colby Jenkins is asking the congresswoman to face him in 13 primary election debates — one for each county in the district. In a news release, Jenkins said Maloy should have “no problem” agreeing to the debates. “I think my opponent said it best last year when she issued this exact challenge – Republicans deserve a robust debate on policies that directly impact their lives and the direction of our country,” he said in a statement. “I urge her to accept my invitation to show up and give voters in the 2nd District a better understanding of our positions on the key issues facing this district and our country.” After taking 1st place at the GOP state convention, I'm challenging my opponent @CelesteMaloyUT to agree to the same challenge she issued last year - let's have 13 primary debates, one in every county represented within U...
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