Hurricane Ian Highlights the Importance of Flood Insurance, a Hedge on Your Investment
Just 18.5% of homes in Florida counties that were told to evacuate have coverage through the National Flood Insurance Program (NFIP), which is administered by FEMA. Most regular homeowners’ insurance policies don’t cover flood damage, which is why Congress created the NFIP in 1968. But at an average cost of $995 a year, according to Forbes, the insurance may be out of reach to many households.
Wall Street Is in Denial Over the Economy
We know that the US economy is currently weak, but the real economy is really weak, and the Federal Reserve’s commitment to precipitate a recession to curb high inflation will make this reality obvious to seemingly oblivious investors.
Your Inflation May Vary
Everyone’s inflation experience is unique. We all have our particular spending patterns, so our experience will feel worse if inflation is more severe in the goods and services we normally buy. Or we might not notice it as much as others do.
Musk Gets a Potential Boost With Twitter Whistle-Blower’s Claims
A whistle-blower’s complaint alleging Twitter Inc. ignored a rash of spam and bot accounts could help Elon Musk in his effort to walk away from a $44 billion buyout of the social-media platform, legal experts say.