New Restrictions On SNAP Purchases To Take Effect In More States In April

Waste Of The Day: Seattle's Homelessness Fiasco Authored by Jeremy Portnoy via RealClear Politics, Topline: The homelessness agency in King County, Wash., has a $45 million deficit, but auditors can’t fully figure out why, according to a state audit publicly released this April. Its accounting records are so poor that it’s impossible to track where portions of its money are being spent. Key facts: The King County Regional Homelessness Authority helps run shelters and outreach to the homeless population in 39 cities. It’s funded jointly by the county and the City of Seattle. Financial...

Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg. The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump's announcement of a 2-week ceasefire which sent...

My Retirement Accounts Fail In The World I Actually Live In Authored by Patrick Brenner via RealClearMarkets, I remember the first time I logged into my retirement account as a young professional. It felt like a milestone: proof that I had entered the world of adulthood, of long-term thinking, of ownership. I work in the nonprofit sector, so technically it's a 403(b), not a 401(k). The distinction is academic; the promise is the same: contribute consistently, invest wisely, and over time, build financial independence. The longer I've contributed, the more I've realized...