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In a stark reality check, Bloomberg reports that the economic optimism touted by some is falling flat for many American households. The sentiment of being worse off isn’t just a feeling; it’s a harsh truth. According to the Daily Rampart from @ftschuyler, Credit Card Delinquency levels have doubled since the COVID lows, painting a concerning picture of financial strain. As inflation runs rampant, the impact is palpable even in everyday expenses. A snapshot of what $70 gets you at Walmart is a testament to the escalating costs that consumers are grappling with, highlighting the stark reality of today’s economic landscape.

Is Biden trying to burn down the economic house? Under Bidenomics, America’s middle class and low wage workers are suffering from a wild, wild life in terms of inflation. First, food prices are up 20% since December 2020. Talk about destruction of middle class wealth! That is in addition to gasoline prices are up 64% under Biden while rent growth is up 252%. Well, Biden waived through millions of illegal immigrants and rent had to rise. Biden and Washington DC’s broken borders is Livin’ La Vida Loco. To cope with inflation (that Paul Krugman claims is over but the last...

Small businesses are struggling to pay rent due to higher rent inflation and fewer customers. The struggles vary by type of business. ... Record Surge in Small Business Delinquencies Alignable reports Record Surge In Rent Delinquency: Up 7% In October, Totaling 37% For U.S. SMBs Due to ongoing economic challenges, small business owners' ability to pay their full rent on time in October took a major hit based on a new Alignable poll. In fact, the U.S. rent delinquency rate among small businesses jumped 7% in just one month, marking the largest, most rapid increase in 2022. In September, rent...

Florida, United States: A Florida man was arrested after he allegedly broke into a room inside his own house to steal a hookah from his roommate, the Lee County Sheriff’s office said. The man identified as Tyler Wesley, 19, was arrested Saturday evening in Fort Myers city of the US after his roommate, Monica, dialled 911 to report him. Security camera footage from inside her room shows the teen trying to cover the camera with a cloth before dropping it and running away. The incident is only the latest in a series of conflicts to which deputies have responded at...

Rep. Matthew Cartwright has a history of tax delinquency.. Rep. Matthew Cartwright (D., Pa.) was hit with tax penalties for late condo payments in 2021, just three years after facing media scrutiny for repeated tax delinquency. Cartwright last year owed $436.63 in penalties and interest, stemming from the late property tax payments on his Washington, D.C., condo he shares with his wife, according to D.C. Office of Tax and Revenue records reviewed by the Washington Free Beacon. The news could be a problem for the congressman, who is locked in a competitive race against Republican challenger Jim Bognet. Cartwright on...

Alignable's June Rent Report reveals that rent delinquency rates in the U.S. have reached record levels for 2022. This year started with an average national delinquency rate of 26%, but now that rate is up by 9% compared to January, as 35% of small businesses in the U.S. could not pay their rent in full or on time in June. Not only is this rate 2% higher than it was last month, it’s the highest it has been this entire year. Most small business owners attribute this worsening situation to record-breaking inflation, which includes escalating gas, labor, and supply costs....

HARRISBURG, Pa — Emotions were high inside the Harrisburg School Board meeting Monday night as The Harrisburg Education Association pleaded with the board for help following violent encounters in the classrooms at elementary schools throughout the district. First grade teacher Johanna Brown describes what's going on in her classroom at Downey Elementary, saying to the school board, "Are we getting hurt? This bruise is from last Friday.” HARRISBURG, Pa — Emotions were high inside the Harrisburg School Board meeting Monday night as The Harrisburg Education Association pleaded with the board for help following violent encounters in the classrooms at elementary...

A teacher at Encinal High School in Alameda, Calif., allegedly told his tenth-grade students to find their parents’ sex toys and condoms and take selfies with them for extra credit. A local CBS affiliate reports that two of the students’ mothers, Kimberly Cobene and Evangeline Garcia, had heard about the assignment from a counselor at the school. “It was to go into your parents’ private drawers or whatever to seek out sexual toys or condoms, or anything of that nature and to take a selfie with it,” Cobene said. According to CBS, the school administration has tried to play off...

Maryland attorney general...Doug Gansler is having a tough time explaining why he did nothing to stop the drunken festivities at a teenage party...attended by his son in June.... [The Democrat was photographed] wearing a white button-down shirt while he holds up a cell phone to capture a picture of a scantily clad female....

Nearly 700 employees of Internal Revenue Service contractors owe $5.4 million in back taxes, said a report Wednesday by the agency’s inspector general. More than half of those workers are supposed to be ineligible to do work for the IRS because they are not enrolled in installment plans to pay the taxes they owe. Unlike other federal agencies, the IRS requires employees and those who work on agency contracts to comply with federal tax laws. That means they have to file returns on time and either pay all the taxes they owe or enroll in a payment plan. …

A sparkling clean canteen in a community center, where families talk quietly over their sandwiches. At the counter, a fight breaks out between five young men. The cook tries to calm the men down and asks them to leave, but it gets nastier—chairs are thrown; a knife is produced. “See them? How angry they be?” an older man sitting outside says to me. “Not one of them ever knew their fathers.” … Areas such as Ladywood, an inner-city corner of Birmingham, are utterly dominated by single-parent families. And the effects are devastating. … The area has the highest number of...

The St. Louis Fed has published two maps showing state averages for overall amount of student debt and delinquency rates on repaying it. A high delinquency rate is bad news because it makes it harder for the student to get credit in the future, which leads to a higher likelihood of the student defaulting on other kinds of debt. Here's the map for highest average student debt.

Some have called the nation’s soaring college debt load a “ticking bomb” -- a new bubble crisis threatening young adults, their families and the broader economy. Are those fears warranted? A report Monday adds to the alarm bells. In it, the Federal Reserve Bank of New York says it’s likely that as many as one out of four borrowers are carrying a past-due student loan balance. That’s a much higher rate of delinquency than previously thought. By the more conventional measure, the Fed report says, 5.4 million out of 37 million borrowers with student loan balances as of last summer...

New York is the largest city and the most misunderstood housing market in the nation. Sellers think that the market in New York has held up rather well and ask a lot for their property. Most buyers look at the listing price, laugh and just walk away. The result has been very low sales volume at prices that cause many analysts to shake their head in bewilderment. This report is written to help both buyers and sellers. If you are a potential buyer, you will learn why you need to be extremely careful to avoid overpaying on a property. If...

Commercial Real Estate Clouded by Delinquencies Published: Wednesday, 4 May 2011 | 1:28 PM ET By: Diana Olick CNBC Real Estate Reporter Barely a few minutes after reading an article in the Wall Street Journal about banks finally opening the "spigot for commercial real-estate," the folks over at Trepp issued their monthly report on the delinquency rate for commercial mortgage backed securities (CMBS); let's just say it isn't good. After two months of very minimal rate increases, the number jumped in April, 23 basis points, to 9.65 percent, "the highest reading in the history of the CMBS market," according to...

CMBS Delinquencies Spike Again Across Every Category Joe Weisenthal Feb. 5, 2010, 11:21 AM Fitch's latest look at CMBS delinquencies isn't particularly comforting: ---- Fitch Ratings–NY–5 February 2010: The delinquent status of the Extended Stay America loan was a large contributor to a 129 basis-point (bp) increase in overall U.S. CMBS delinquencies last month to 6%, according to Fitch Ratings in its weekly U.S. CMBS newsletter. ‘While the Extended Stay loan is a significant contributor to the increase in delinquencies, a steady up-tick in all property types will lead to continued increases in the months ahead’, said Managing Director Susan...

LEWISTON — In the early evening on the first day of summer, a large group of Somali boys approached a woman on the corner of Ash and Pierce streets. According to police reports, they intimidated the woman and slapped her in the back of the head before scattering into the downtown. Five days later, shortly after midnight, a man was accosted by a group of Somali boys outside the Big Apple on Main Street. Police reports say several members of the group punched the man and took money from him. They then fled in a car. Later that night, a...

Up 5.5% this month. Delinquencies in commercial mortgage-backed securities (CMBS) accelerated in October, according to a report from Barclays Capital (BarCap). The 30-plus day delinquency rate jumped 41bps to 5.5% in October as current loans deteriorated and transferred to special servicers. Continue reading »

Moody’s Expects US CMBS Delinquencies to Reach 5-6% Moody’s now expects the aggregate rate of delinquencies among US Commercial Mortgage-Backed Securities to reach 5% to 6% by the end of this year. Moody’s latest CMBS Delinquency Tracker (DQT) records the aggregate rate of delinquencies among US CMBS conduit and fusion loans at 2.67%, based on data through the end of June. This represents a 40 basis point increase from the prior month’s 2.27% rate. By comparison, the DQT was 0.46% a year ago and is now 245 basis points above the low of 0.22% measured in July 2007. "Hotels saw...

- Catholicism.org - http://catholicism.org - Ten Ways to Make a Delinquent (Guaranteed to Work!) Posted By Sister Maria Philomena, M.I.C.M. On January 7, 2009 @ 11:24 am In Columns, Marriage and Family | No Comments The police department of Houston, Texas, gave the following ten rules for raising delinquent children. 1. Begin with infancy to give the child everything he wants. In this way he will grow up to believe the world owes him a living.2. When he picks up bad words, laugh at him. This will make him think he is cute. It will also encourage him to pick...