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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
While the agreement still needs to be ratified by members of WGA, which represents more than 11,000 writers, this marks a significant turning point in the nearly five-month-long strike. The current walkout came close to beating the longest strike in WGA history, a 1988 strike that lasted 154 days. “But we are, as of today, suspending WGA picketing.” The Guild encouraged members to join the picket line for the actors’ strike instead this week. One person close to the matter said that, as a result, writers could potentially be back to work in just days. People familiar with the matter on Sunday night voiced optimism the studios’ agreement with the writers will also allow it to reach a deal with the actors.
Persons: Organizations: Los Angeles CNN, Writers Guild of America, WGA, SAG, Hollywood, Industries, Empire State Development Locations: Hollywood, New York
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