The 41st Annual Forbes 400 Ranking Of The Richest Americans. Total Wealth Dropped for First Time Since Great Recession!

The 41st Annual Forbes 400 Ranking Of The Richest Americans.  Total Wealth Dropped for First Time Since Great Recession!

New York, NY…Elon Musk Tops The Forbes 400 Ranking For The First Time Ever.  The Total Wealth Of The Forbes 400 And The Minimum Fortune To Make The Cut Drop For The First Time Since The Great Recession.  Forbes today released its 41st annual Forbes 400 list, the definitive ranking of the wealthiest people in America. […]

Yes on A! Campaign Hosts Town Hall Oct. 6 in Murphys! Increased Fire Protection for Everyone!

Yes on A! Campaign Hosts Town Hall Oct. 6 in Murphys!  Increased Fire Protection for Everyone!

Murphys, CA…The Calaveras Local Fire Protection Committee for Measure A will host a Town Hall at 6 p.m. Oct. 6 in the Native Sons of the Golden West Hall, 389 Main St., Murphys. The Town Hall offers a chance for voters to learn the details of Measure A, the Calaveras Local Fire Protection Tax Initiative. […]

Federal Reserve FOMC on Raising Interest Rates Another 3/4 Percent

Federal Reserve FOMC on Raising Interest Rates Another 3/4 Percent

Washington, DC…Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human […]

Fed’s Tough-Talk Rattles Markets. Monthly Market Insights from Sabrina Julian Investment Services

Fed’s Tough-Talk Rattles Markets.  Monthly Market Insights from Sabrina Julian Investment Services

Murphys, CA…Monthly Market Insights for September 2022. Stocks dropped on renewed fears of higher rates and economic weakening, coupled with some tough talk from the Fed Chair. Sabrina Julian sabrina@sabrinajulian.com (209) 890-7491 Sabrina Julian Investment Services http://sabrinajulian.com Securities and advisory services offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance […]

Fed Chair Powell on Monetary Policy and Price Stability

Fed Chair Powell on Monetary Policy and Price Stability

Jackson Hole, WY…Thank you for the opportunity to speak here today.  At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct. The Federal […]

Childs/Hurst Scholarship for 2022

Childs/Hurst Scholarship for 2022

Angels Camp, CA… Childs/Hurst Scholarship Awarded by Calaveras Community Foundation (CCF) The Beth E. Childs/Genna Hurst Renewable Scholarship, administered by CCF, was awarded recently. The 2022 Scholarship winner is Calaveras High School student Sierra Lowry. See photo below. The scholarship is for $1,000 a year, renewable for four years. Sierra plans to become a Registered […]

Columbia College Awarded $408,000 State Grant for Incarcerated Students Education Program

Columbia College Awarded $408,000 State Grant for Incarcerated Students Education Program

Columbia, CA… Columbia College has been awarded a $408,000 state grant to expand and strengthen its programs for incarcerated students over the next three years. The grant comes through the Rising Scholars Network, a new program within California Community Colleges funded by California Assembly Bill 417 and designed to support justice-involved students. The three-year Rising […]

Calaveras Community Foundation (CCF) Announces Annual Competitive Grants Period for 202

Calaveras Community Foundation (CCF) Announces Annual Competitive Grants Period for 202

Angels Camp, CA…The Calaveras Community Foundation is seeking applicants for its 2022 competitive grant process. Any project submitted by a qualified applicant will be considered. A wide variety of projects is being sought, but because of new funding sources available this year, special emphasis will also be placed on applications addressing food scarcity, mental health […]

Calaveras Community Foundation (CCF) Announces Annual Competitive Grants Period for 202

Calaveras Community Foundation (CCF) Announces Annual Competitive Grants Period for 202

Angels Camp, CA…The Calaveras Community Foundation is seeking applicants for its 2022 competitive grant process. Any project submitted by a qualified applicant will be considered. A wide variety of projects is being sought, but because of new funding sources available this year, special emphasis will also be placed on applications addressing food scarcity, mental health […]

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.  The GDP estimate released today is based on source data that are […]

Inflation Drives Producer Price Index up 11.2%! Even Worse than Consumer Inflation!

Inflation Drives Producer Price Index up 11.2%!  Even Worse than Consumer Inflation!

Washington, DC…The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in February and 1.2 percent in January. (See table A.) On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months […]

Managing Bond Risks When Interest Rates Rise ~ From Brian J. Tewksbury

Managing Bond Risks When Interest Rates Rise ~ From Brian J. Tewksbury

Murphys, CA…After dropping the benchmark federal funds rate to a rock-bottom range of 0%–0.25% early in the pandemic, the Federal Open Market Committee has begun raising the rate toward more typical historical levels in response to high inflation. At its March 2022 meeting, the Committee raised the funds rate to 0.25%–0.50% and projected the equivalent […]

Federal Reserve to Raise Federal Funds Interest Rate 1/4 to 1/2 Percent

Federal Reserve to Raise Federal Funds Interest Rate 1/4 to 1/2 Percent

Washington, DC…Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human […]

Presidential Executive Order on Ensuring Responsible Development of Digital Assets

Presidential Executive Order on Ensuring Responsible Development of Digital Assets

Washington, DC….By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. Advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital assets, with profound implications for the […]