FILE PHOTO: A worker walks past the logo of Reserve

Virus Did Not Bring Financial Rout That Many States Feared

Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic — sometimes a lot more. Change in state tax revenue –42.5% –10.0% 0 +10.5% +2.5% The change in tax revenue during the “pandemic period,” April through December 2020, compared to the same period in […]

Despite attacks, Sanders’ Medicare for All boosts early-state triumphs

By Joseph Ax (Reuters) – In the days leading up to Saturday’s Democratic presidential caucuses in Nevada, Bernie Sanders withstood one attack after another over his Medicare for All plan – both from his rivals and the state’s powerful hotel and casino workers’ union. But entrance polls from Edison Research showed more than 60% of […]

Interest rate hikes and strong property market cause first-home buyer freak out

Some banks are increasing staff to cope with demand post-interest rate hikes but mortgage brokers say “ridiculous” house prices have some first home buyers “freaking out”. Competition in parts of the Bay of Plenty meant pre-approvals were also being extended as four or five people were “fighting” for the same home. Meanwhile, one financial research […]