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FINANCE

From the commentary: Government bailouts do not penalize bad management and lack of oversight, or risky investment strategies that caused the problem.
The United States is probing many fraud cases pegged to U.S. government assistance programs, such as the Paycheck Protection Program, unemployment insurance and Medicare.
In inflation-adjusted 2022 dollars, net farm income would be at its highest level since 1973 and net cash farm income at its highest level on record, according to the USDA.
The new funding will help Americans with heating costs and unpaid utility bills and repairs of home energy appliances that will help lower their energy costs, the White House said.

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Summary: There's now a class-action suit against Kim Kardashian for having promoted a thing called EthereumMax last summer. Within a week, these crypto tokens lost 70% of their value. What can you say about people who took investment advice from Kim Kardashian?
Khou Lor joined the Southwest Initiative Foundation in January as its new rural equity specialist. She will help build and strengthen local Black, Indigenous and People of Color leaders and organizations in southwest Minnesota.
OLIVIA — A third financial adviser has joined the Olivia office of Edward Jones.
Darla Bajari has joined the Mid-Minnesota Development Commission, according to a news release from the commission.
Igor Fruman, 56, admitted to soliciting money from a foreign national at a hearing before U.S. District Judge Paul Oetken in Manhattan.
The program was passed by the City Council this past fall and caused the city's two lenders — Greenbacks at 819 30th Ave. S. and Peoples Small Loan Co. at 1208 Center Ave. — to close up shop.

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WILLMAR — Cynthia Williams, a financial services assistant/registered representative with Taatjes Financial Group of Willmar, has passed the General Securities Representative Exam, allowing her to hold the Series 7 license, according to a news release from the company.
The president is seeking to play down the risk of a downturn while also pinning the blame for a potential downturn on the Federal Reserve.
Federal Reserve Chair Jerome Powell had two messages for Congress Wednesday, July 10: Central bank independence is critical and an interest-rate cut is likely at the end of July.

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