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City vows to overcome finance woes
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } OTTUMWA — City of Ottumwa officials owned the problem of its financial reporting doldrums Tuesday, and shared their hope that a clear path toward getting finances current is just around the corner.During Tuesday’s city council meeting at Bridge View…
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The 2023 Litigation Finance Survey Report
Together with our friends at Lake Whillans, Above the Law has been tracking the development of litigation finance over the years, as it has evolved into an integral part of the legal ecosystem, offering benefits to organizations of all sizes. “It is now part of most case discussions,” one law firm partner told us. Our…
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Senate Finance Committee unanimously advances PBM, Medicare Part D reforms
The Senate Finance Committee on Wednesday advanced a package of bills that sets out to lower drug costs for Medicare and Medicaid beneficiaries, including reforms to the entities that negotiate drug prices on behalf of insurance plans — pharmacy benefit managers. In a 20-0 vote, the senators gave their stamp of approval on legislation that…
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Disney Explores Equity Deal for ESPN Amid Financial Challenges
Talks are heating up between the Walt Disney Co. and the NFL and NBA about taking an equity stake in ESPN, sources tell Front Office Sports. With Disney under pressure from Wall Street to improve results, the entertainment giant increasingly views a deal with the two sports leagues as its best option, said sources. Analysts…
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Finance of America reduces loss, leans into second-liens
Top reverse-mortgage lender Finance of America reported an unaudited quarterly reduction in its net loss during its earnings call Tuesday, initially giving a slight lift to its shares, which have been trading in penny stock territory.The company recorded a net loss of $175 million in the third quarter, $172 million of which was from continuing…
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Why an Ether Staking Rate Will Increase Crypto Adoption
Ethereum’s conversion to proof-of-stake not only created the foundation for the liquid staking ecosystem, it delivered a native crypto rate to finance that can serve as a critical piece of market structure. The staking rate – measuring the total income that stakers receive for validating Ethereum transactions – has immediate applicability in DeFi, centralized digital…
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Private finance cannot lead the global response to climate change
In response to the looming trillion-dollar global climate finance shortfall, a broad array of policymakers, international bureaucrats, environmentalists, and financial institutions have called for the urgent scaling up of private climate investments.The logic of private finance mobilisation starts by recognising that developing countries will need climate finance “amounting to US$5.8–5.9 trillion up until 2030”. In…
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Arevon uses IRA tax credit transferability provision to finance solar peaker plant
Arevon uses IRA tax credit transferability provision to finance solar peaker plant Continue to Site Search Solar Power World
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U.S. Finance Agency Lends to Sri Lankan Port to Counter Chinese Influence
The U.S. International Development Finance Corporation is joining forces with the Adani Group, strengthening ties to India and an embattled conglomerate.A U.S. foreign development agency announced on Wednesday it would lend $553 million to establish a deepwater shipping-container terminal at the Port of Colombo in Sri Lanka, expanding America’s effort to finance infrastructure around strategic…
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As Banks Go Digital, Finance Apps Are Still Too Risky: Editorial
For years, Americans have been giving their banking data to financial apps such as Venmo, YNAB and Rocket Mortgage. And for years, banks have been trying to figure out how to deal with the security risks. A new proposal from the Consumer Financial Protection Bureau suggests a better way.For customers, the ability to seamlessly share…
