DeSantis New Condo Law: Florida Owners Flee in Financial Strain

Governor Ron DeSantis has signed into law HB 1021, which will overhaul state regulations governing condominium oversight and management effective July 1. The legislation, unanimously passed by the Legislature in March, aims to bolster accountability among condo boards regarding maintenance, repairs, reserves, and recordkeeping. This legislative response follows heightened scrutiny after the tragic 2021 Surfside…

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China Sells Record $53B in US Treasuries, Anticipating Trump’s Return

According to US Treasury data cited by Bloomberg, Beijing sold $53.3 billion worth of US Treasury and agency bonds from its stockpile. That’s above already eye-catching volumes China was offloading last year. Altogether, one estimate has calculated that the country has sold $300 billion of US Bonds between 2021 and mid-2023. China’s selling grew to…

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Newsom’s California: Minimum Wage Hike to $20 Was Not Enough, $30 An Hour Is Needed According To Data

In a move aimed at confronting pervasive income inequality, California Governor Gavin Newsom recently signed into law a substantial increase in the state’s minimum wage for fast food workers setting it at $20 per hour. While celebrated as a significant step forward for workers’ rights and economic justice, experts argue that this adjustment, while notable,…

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Supreme Court’s 6-3 Decision on Bump Stocks Draws Criticism, Spotlight on Justice Thomas

In a controversial 6-3 decision, the Supreme Court has struck down a Trump-era ban on bump stocks, reigniting debates over gun control and judicial interpretations of federal law. Justice Clarence Thomas, writing for the majority, has come under particular scrutiny for his role in overturning a regulation born from one of the deadliest mass shootings…

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Simulated Keyboard Activity Leads to Mass Firings at Wells Fargo

In a significant move to uphold ethical standards, Wells Fargo has terminated over a dozen employees for allegedly faking work by simulating keyboard activity. This decision came to light following a thorough review of the allegations last month, according to Bloomberg News. The dismissed employees were part of the bank’s wealth and investment management unit….

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FedEx and UPS Await Governor Hochul’s Decision on New York Home Booze Delivery

Small distillers across New York State are rejoicing over the recent legislative approval of a measure that would allow them to ship their products directly to consumers. This privilege, long enjoyed by New York wineries, promises to open new sales channels for distilleries, cideries, and meaderies. However, the bill’s future hinges on the signature of…

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