Reading List for January 8-10

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Jan 08, 2021
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Economics, Cryptocurrencies, Investing, Insurance, Student Loans

Economics

  • Biggest economic news this week hit today: The December jobs report shows a 140,000 decline, the first decline since April, and the news for long-term unemployed and labor force participation aren’t great. (NYTimes)
  • This followed yesterday’s news on initial jobless claims, still stubbornly high. (Yahoo Finance)
  • The US Trade deficit hit a 14-year high in November. (Reuters)
  • January 1 brought increases in the minimum wage across the country. (NYTimes)

(Economist-graph below)

  

Pandemic

  • Wondering where your stimulus check is? For people using Turbo Tax and H&R Block, it may have gone to the wrong account. This article helps you navigate through a variety of potential stimulus check issues. (USA Today)
  • Details of next round of PPP loans now available. (Forbes)

 

Investing

  • During a chaotic week, the stock market rise is unabated. Here is an explanation. (USA Today
  • Here is a second article describing the record-breaking week for markets. (MarketWatch*)
  • A record $500 billion flowed into ETFs in 2020. (Barrons*)
  • 10-year Treasuries over 1% for first time since the pandemic began. (MarketWatch*)
  • Mortgage interest rates drop again. (Housing Wire)

 

Cryptocurrency

  • Bitcoin is going bonkers (over $40k!) Why? Will it last? (Coindesk)

 

Paying for College

  • The FAFSA expected family contribution (EFC) is changing. Here are the details. (NYTimes)

Insurance

  • Driving and accident claims are down. Will insurance companies give drivers a break? (NYTimes)

 

*Barrons and MarketWatch will allow you to read a limited number of articles per month without subscribing. 

The New York Times is now available for free for high school teachers and students through next September.  (sign up here)

 

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.