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Search resuls for: "Michael Frerichs"


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Political Cartoons View All 253 ImagesUnder so-called linked-deposit programs, states deposit money in banks at below-market interest rates. Banks then leverage those funds to provide short-term, low-interest loans to particular borrowers, often in agriculture or small business. The programs can save thousands of dollars for borrowers by reducing their interest rates by an average 2-3 percentage points. Illinois has nearly $950 million of deposits linked to low-interest loans for farmers, businesses and individuals. In 2015, Frerichs said, the state's agricultural investment program had just two low-interest loans.
Persons: Vivek Malek, Malek, ” Malek, Banks, Michael Frerichs, Frerichs, Rafael Salaberrios, ” Salaberrios, Brian Zimmerschied, Doug Fish, Jason Bernard, ” Bernard, Mike Hopkins, , Hopkins, Jordan Harvey, Sid Miller, hadn't, Miller, Organizations: JEFFERSON CITY, Federal Reserve, National Association of State, State Development, , OakStar Bank, FCS, FCS Financial, BTC Bank, Montana Board of Investments, Republican, AP Locations: Mo, Missouri, New York, Illinois, Montana, , National Association of State Treasurers . Illinois, Bethany , Missouri, Bethany, Iowa , Kansas, Ohio, Kansas, In Ohio, Texas
[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Tens of thousands of people are flocking to Omaha, Nebraska this weekend for the extravaganza that Buffett, 92, calls "Woodstock for Capitalists." "Charlie is 99 and Warren turns 93 on Aug. 30," Lountzis added, "and you just don't know how many more you're going to have." Buffett and Munger are due to answer five hours of shareholder questions at the meeting. "We believe in constructive engagement and dialogue, whether it's Warren Buffett or another company," Frerichs said in an interview.
[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Tens of thousands of people are flocking to Omaha, Nebraska this weekend for the extravaganza that Buffett, 92, calls "Woodstock for Capitalists." Buffett and Munger are due to answer five hours of shareholder questions at the meeting. "We believe in constructive engagement and dialogue, whether it's Warren Buffett or another company," Frerichs said in an interview. Reporting by Jonathan Stempel in Omaha, Nebraska; Editing by Will Dunham and Megan DaviesOur Standards: The Thomson Reuters Trust Principles.
Indeed, about 64% of Hispanic workers, 53% of Black workers and 45% of Asian American workers have no access to a workplace retirement plan, according to AARP. State-facilitated individual retirement account savings programs have stepped in to attempt to close that racial savings gap. As of the end of January, there were more than $735 million in assets in these state-facilitated retirement savings programs, the center found. How it worksRather than competing against large corporate retirement plans, state-facilitated retirement savings programs turn their focus toward an underserved corner of the market: small businesses. Most of these state programs require businesses to either offer a workplace retirement plan or to help automatically enroll their workers into the state's program.
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