Some refer to it as the “Irish slaves myth,” which claims that there weren’t any Irish slaves, but “indentured servants.” However, according to UCLA history professor Roger McGrath, the Irish slave trade began when 30,000 Irish prisoners were sold as slaves to the New World. In most cases during the 17th and 18th centuries, Irish slaves…
Were Irish People the “First Slaves in America”? | The Larry Elder Show | EP. 146
March 31, 2023
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Canadian Home Sales Drop 40 Percent in February Compared With Year Ago
February’s home sales plummeted 40 per cent from a year ago to levels not seen since before the pandemic as new listings and prices also dropped in what one economist called “hints of a bottoming process.” The plunge in sales came as actual average home prices declined 18.9 per cent compared with the all-time record…
As Fed Rates Rise, Save at a Credit Union
In the past year, the Federal Reserve has employed several interest rate hikes in an effort to stabilize the U.S. economy. Depending on your situation and financial institution, your debt may have gotten more expensive or your savings might have grown. As rates continue to change, it’s worth exploring whether you’re still getting the best…
Australia Reserve Bank’s Cash Rate Decision to Dominate Agenda
Mortgage holders are likely to be hit with another lift in their monthly repayments if Australia’s Reserve Bank delivers its 10th likely interest rate hike in a row this week, as is widely expected. The nation’s central bank is tipped to deliver another 25 basis point rise after communications following the February decision struck a…
Bank of America Strategists Expect Economic ‘Hard Landing’ to Pummel Markets
February 17, 2023
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Bank of America strategists are expecting an economic “hard landing” to pummel the markets at the end of the year, due to a resilient U.S. economy. Economists are beginning to fear that a delayed recession in the second half of 2023 will be harsh on stocks, since the current state of the American economy is keeping…
Australian Interest Rates: How High, How Long?
February 9, 2023
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Commentary Home buyers and businesses are suffering sticker shock as the Reserve Bank of Australia (RBA) lifted the official cash rate from 0.1 percent to 3.35 percent in the course of the nine months since April 2022. But they should probably be thinking of rates of this level as the “new normal.” Assuming lenders pass…
Australian Interest Rates: How High and for How Long?
February 9, 2023
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AustraliaAustralian Cash rateAustralian economyAustralian Home Loan MarketBusiness & Marketseconomyinflationinterest rateInternationalOpinionphilip loweRBAViewpointsWorld
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Commentary Home buyers and businesses are suffering sticker shock as the Reserve Bank of Australia (RBA) lifted the official cash rate from 0.1 percent to 3.35 percent in the course of the nine months since April 2022. But they should probably be thinking of rates of this level as the “new normal.” Assuming lenders pass…
Strong January Jobs Report Means Fed Raises Rates Higher Than Forecast, Says Atlanta Fed Chief
February 7, 2023
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It appears that the stronger-than-expected U.S. jobs report last week likely means that the Federal Reserve may be open to raising the interest rate higher than planned, said a member of the Fed board. Federal Reserve Bank of Atlanta president Raphael Bostic, in an exclusive interview with Bloomberg News on Jan. 6, said that the…
Nearly One-Quarter of Canadians Say They’re ‘Completely Out of Money’ Amid Inflation and Rising Costs: Poll
Canadians are feeling the pinch in their wallets with nearly one-quarter of them saying they are completely tapped out, according to a new poll. Conducted by Ipsos on behalf of Global News, the poll suggests there is a growing proportion of Canadians (22 percent) who say they are “completely out of money” and there is…
Save Money With a Mortgage Rate Buydown
January 13, 2023
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A mortgage is usually the most significant monthly expenditure that people have. The 28 percent rule is that a mortgage makes up about 28 percent of a monthly income. That makes keeping that monthly payment down a priority. There is a way to temporarily lower a monthly mortgage. A mortgage rate buydown can help. But…
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