Monthly Archives: September 2022

Netflix’s ‘High Water’ trailer tells a tense true story about a horrendous flood

In 1997, a terrible flood swept through Poland, Germany, and the Czech Republic, causing billions of dollars of damage and the deaths of 114 people. Netflix’s High Water dramatises these events, focussing on the struggles of a female hydrologist, Jaśmina Tremer (Agnieszka Żulewska), who is brought in by the local authorities only to be predictably…

The dollar has surged 13% against the euro and 20% against the yen this year as it scorches every currency in sight

An employee checks stacks of dollar notes at the Bureau of Engraving and Printing in Washington, DC. EVA HAMBACH/Getty Images The US dollar has surged dramatically against major currencies thanks to Fed hikes and economic worries. For the year, the greenback was up 13% vs. the euro, 15% vs. the pound, and 20% vs. Japan’s…

Today’s mortgage and refinance rates: September 7, 2022 | Rates rising ahead of September Fed meeting

Mortgage rates have been rising and are likely to remain elevated this month as investors await the Federal Reserve’s next rate hike decision on September 21. The Fed has been raising the federal funds rate to slow the economy and tame inflation. So far, its efforts appear to be working, and the economy has remained…

Steve Bannon is expected to be indicted in New York over an alleged scheme to defraud Trump voters

Steve Bannon is seen after been found guilty on contempt of Congress outside the E. Barrett Prettyman Courthouse on Friday, July 22, 2022. Tom Williams/CQ-Roll Call, Inc via Getty Images Steve Bannon is expected to be indicted in New York on Thursday, reports say.  The charges relate to an alleged a scheme that defrauded Trump…

France is reviving a disused gas pipeline to help out energy-strapped Germany after Russia shut down fuel flows

France will deliver 2% of Germany’s natural gas needs over winter. Photo by Bodo Marks/picture alliance via Getty Images France will restart a shuttered pipeline to send natural gas to energy-strapped Germany, Reuters reported.  The formerly east-west pipeline will deliver about 2% of Germany’s gas needs over the colder months. Germany has scrambled to secure…

Indiana is the latest state to confirm plans to tax student loan forgiveness, leaving some residents with a bill of over $300

Eligible residents could end up with a tax bill of several hundred dollars, Indiana’s Department of Revenue told the AP. Chuck Savage/Getty Images Indiana is the latest state to confirm it will tax forgiven student loan debt as income. Eligible residents will face a tax bill of around $300, Indiana’s Department of Revenue said. Other…

Veteran investor Mark Mobius predicts more pain for US markets – and issues a bleak outlook for China and Europe

Mark Mobius. Richard Brian/Reuters Mark Mobius warned of further downside for US markets and the economy. The veteran investor singled out Europe’s energy crisis and China’s lockdowns as key concerns. Mobius said the Fed may be forced to hike interest rates to keep up with the European Central Bank. Mark Mobius predicted further pain for…