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Thursday, Oct 16

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Why some credit card APRs aren’t coming down, even after a Fed rate cut

www.cnbc.com

Sky-high credit card rates won't come down much, even as the Federal Reserve lowers its benchmark.

Fed’s Stephen Miran says he wants half-point interest rate cut this month

nypost.com

Miran has argued that a quicker rate-cut path is necessary as trade tensions and heightened economic uncertainty amplify risks to economic growth.

N.B. seafood company takes feds to court after $1M fine over foreign worker treatment

globalnews.ca

A New Brunswick seafood processing company is taking the federal government to court after being fined $1M and given a 10-year ban from the temporary foreign worker program.

Kevin Warsh on Why Jerome Powell Has Failed at the Fed

Kevin Warsh likes to tell a story that explains why he would remake the Federal Reserve from top to bottom if President Donald Trump chooses him to be the central bank's next chair. Trump will soon announce a replacement for current Chair…

21

Letitia James is housing criminal OnlyFans model relative at her other Virginia property — which also faced fed investigation

nypost.com

New York Attorney General Letitia James is housing a second criminal family member at her properties in Virginia — and The Post can reveal she and her big sister were partners in crime.

Amazon’s Ring to partner with Flock, a network of AI cameras used by ICE, feds, and police

techcrunch.com

Agencies that use Flock can request that Ring doorbell users share footage to help with "evidence collection and investigative work."

Official data dramatically underestimates hedge funds’ involvement in the Treasury market, Fed paper finds

www.marketwatch.com

Key Treasury Department data is massively underreporting the amount of U.S. government debt held by hedge funds registered and incorporated in the Cayman Islands, and is failing to reflect their heavy reliance on a controversial leveraged…

19

Miran chastises Fed for wading into politics under Biden

www.bondbuyer.com

Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their…

Miran chastises Fed for wading into politics under Biden

www.americanbanker.com

Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their…

Fed Gov. Barr points to 'gaps' in GENIUS Act

www.americanbanker.com

Federal Reserve Governor Michael Barr said strong oversight mechanisms and consumer protections are needed for stablecoins to make them a more viable payment instrument.

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Work on Ore-Ondo-Akure highway meets international specifications – Fed govt clarifies

www.vanguardngr.com

The Federal Government has said that ongoing Ore-Ondo-Akure highway expansion project adhere strictly to approved international specifications.

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Britney Spears' Former Dancer Speaks Out After K-Fed Hookup Allegation

www.tmz.com

Britney Spears' former dancer -- the one who Kevin Federline claims hooked up with the pop star while they were dating -- is addressing the media "Circus" around her ... though she's keeping tight-lipped about the exact nature of their…