Good morning, and welcome to the Essential California newsletter. It’s Thursday, Aug. 8, and I’m writing from Los Angeles.Get the Essential California newsletter »Some place names are just words, while others act as a kind of shorthand for an entire way of life. For decades, the very phrase “Orange County” has conjured both demographics and values in the collective imagination: suburban, affluent or aspirant middle class, white and, most of all, conservative.Of course, Orange County’s demographics have long since shifted from that stereotype (the county has been majority-minority since 2004), and the GOP has had a loosening grip on its California stronghold ever since. But on Wednesday, the once unthinkable happened: Orange County officially turned blue, according to voter registration records.[Read the story: “Orange County, longtime GOP stronghold, now has more registered Democrats than Republicans” by Seema Mehta and Melanie Mason in … [Read more...] about Orange County officially has more Democrats than Republicans
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What if a sizable portion of global economic activity rests on magical thinking? Matt Taibbi, provided by Published 3:00 am PDT, Friday, July 26, 2019 Photo: Stefan Kiefer/imageBROKER/Shutterstock Photo: Stefan Kiefer/imageBROKER/Shutterstock Image 1 of / 1 Caption Close Image 1 of 1 Photo: Stefan Kiefer/imageBROKER/Shutterstock Banks Sued for LIBOR Collusion — Again! 1 / 1 Back to Gallery Two summers ago, the head of Britain’s Financial Conduct Authority, Andrew Bailey, made news when he announced that LIBOR – the leading benchmark for setting global interest rates – had a “sustainability” issue. The rate is supposed to measure the rate at which … [Read more...] about Banks Sued for LIBOR Collusion — Again!
Erica Lamberg, provided by Published 10:04 am PDT, Tuesday, May 28, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Thomas Barwick / Getty Images It's not impossible to get a loan with bad credit, but you'll need to consider all of your options. Your credit score and your debt to income ratio can impact the rates lenders are willing to offer you, so you'll want to know yours before applying for a loan. Borrowers with bad credit can consider approaching credit unions or online lenders, both of which tend to be able to offer lower interest rates than traditional banks. They may also want to consider getting a secured loan, or getting a cosigner to guarantee the loan. However, a secured loan puts collateral like a house or car at risk, and a cosigner becomes responsible … [Read more...] about How to get a loan, even if you have bad credit
Martin Crutsinger, Ap Economics Writer Updated 5:50 pm PDT, Monday, May 20, 2019 FILE - In this Wednesday, May 1, 2019, file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. less FILE - In this Wednesday, May 1, 2019, file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Powell ... more Photo: Patrick Semansky, AP Photo: Patrick Semansky, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this … [Read more...] about Powell says he sees ‘moderate’ risk from corporate debt