In Madison County, homeowners pay an average effective property tax rate – or taxes paid as a percentage of home value – of 2.12%, according to ATTOM Data Solutions. That’s nearly double the national average of 1.16%. St. Clair County homeowners pay an even higher effective rate at 2.49%, over twice the national average.
All the same, as economic growth slumped to a decade low last quarter, an unusually long period of slow wages growth has also throttled household incomes and put pressure on borrowers trying to meet mortgage repayments. The household debt to income ratio is at a record high 190%, according to RBA data.
Tuition increase coming to all of Oregon’s public universities (Saxplayer00o1)
Molly Blanchett, a spokeswoman for the University of Oregon, said the school has to address a $34 million recurring budget gap and that they’re “facing a very challenging budget situation” because of declining international enrollment and increases in employee health care and retirement costs.
In 2018, Italy’s public debt-to-GDP ratio was 132.2 percent, the second largest figure in the European Union and one of the largest in the world. According to the European Commission, such a debt makes the country’s economy extremely vulnerable.
When Debt Becomes A Life Sentence: The Rise of Terminal Debt (Saxplayer00o1)
As of last year, overall consumer debt reached a record level of $13.5 trillion, while student loan debt ballooned to a record $1 trillion dollars. This begs the question – did the students who borrowed over $1 trillion receive educational benefits that enable them to repay that amount? The data suggests that the answer is no.
In addition to Germany, government bond yields are now also negative in fellow eurozone members Austria and the Netherlands.
Outside the eurozone, EU members Sweden and Denmark also have negative interest rates, as does non-member Switzerland.
‘Super Mario’ shock: euro slides, yields hit new lows (Saxplayer00o1)
Draghi, nicknamed “Super Mario”, looks set to end his eight-year term this year without having ever executed a rate rise.
The ECB’s signals came a day ahead of a widely anticipated U.S. Federal Reserve policy decision, where expectations were running high that Draghi’s counterpart Jerome Powell would probably lay the groundwork for a rate cut later this year.
The data showed that Japan, the second-largest non-U.S. holder of Treasuries, also reduced its holdings of Treasuries in April, to $1.064 trillion, from $1.078 trillion the previous month.
Overall, foreign holdings of Treasuries dropped to $6.433 trillion in April, from $6.473 trillion in March.
Americans are now used to things that in any other country would be unthinkable: bulletproof backpacks for high-school students, police walking the halls, metal detectors, proposals to arm teachers, “active-shooter” drills. To the rest of the world (or to Americans who were in high school in the Sixties) this is insane.
Earlier on Tuesday, oil prices were essentially flat as weak U.S. economic figures and concern over the trade war, coupled with estimates for yet another record in America’s shale production, were offsetting fears of an oil supply disruption due to increased tension in the Middle East.
Box explained that temperatures over the western Greenland ice sheet have been abnormally high while snow has been well below normal.
Marco Tedesco, an ice researcher at Columbia University, added that it has been unusually warm in east and central Greenland, as well. “This has triggered widespread melting that has reached about 45 percent of the ice sheet,” he wrote in an email.
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