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On Peachtree City agenda: Rolling back tax increase, curbing sewer system expansions

“In a change from a previous hearing on the budget, city staff now is recommending a full rollback of the property tax millage rate at 6.232 mills for maintenance and operations and a .273-mill rate for the bond millage” writes Ben Nelms for thecitizen.com. Fayette County will contribute $2 million and SPLOST (special purpose local option sales tax) revenues will make up the remaining amount. Source: thecitizen.com Share This:

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Renaissance’s Medallion Made Stunning Shift After Trump Election

“The in-house gold mine, the wildly lucrative Medallion fund, was suddenly looking for capital” writes unknown author for bloomberg.com. The firm told staff that they would be allowed to increase their Medallion stakes by at least 50 percent.The news sent millionaires who work at the hedge fund powerhouse Renaissance Technologies searching for cash. Source: bloomberg.com Share This:

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Trump healthcare subsidy cut would raise premiums by 20%, CBO says

“But the uncertainty has made it difficult for the insurance companies, which must set their rates for 2018 within the next few weeks” writes Lauren Gambino for theguardian.com. If the president followed that timeline, the budget office estimates that premiums for “silver” plans under the Affordable Care Act (ACA) would rise.The payments reimburse insurance companies for covering some low-income enrollees.The CBO projection, which was released on Tuesday, also estimated that terminating the subsidy payments would increase the federal deficit by $194bn by 2026. Source: theguardian.com Share This:

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Ending Obamacare subsidies would increase premiums by 20 percent in 2018, CBO says

“The subsidies, called cost-sharing reductions, are used to help lower-income Americans afford their deductibles and co-payments” writes Carolyn Johnson Is for washingtonpost.com. Insurers have been insistent that the cost-sharing reductions be paid and have been seeking a commitment that they will be paid next year.That’s because people who make up to four times the federal poverty level receive tax credits from the government that limit their monthly premiums.But under the scenario where cost-sharing reductions are discontinued, the premium tax credit would grow to $11,800. Source: washingtonpost.com Share This:

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CBO: Trump threat to scrap cost-sharing payments would increase federal deficits, premiums

“The cost-sharing reduction payments pay back health insurers for the increased cost of certain plans on the ACA’s marketplaces” writes Emma Court for marketwatch.com. Withholding the Affordable Care Act’s cost-sharing reduction payments, which President Donald Trump has threatened to do, would increase federal deficits and increase gross premiums for certain ACA plans, the Congressional Budget Office said in a report released Tuesday.The federal deficit would increase by $194 billion between 2017 and 2026, the CBO said, due to changes in government spending that withholding the payments would prompt.It would also…

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Rail fares to increase by 3.6 per cent

“James Tucker, ONS head of consumer price inflation, said: “Falling fuel prices offset by the costs of food, clothing and household goods left the headline rate of inflation unchanged in July.”” writes Ashley Kirk for telegraph.co.uk. It has been the policy of successive governments to reduce the funding of the railways by taxpayers and increase the relative contribution of passengers. Source: telegraph.co.uk Share This:

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News Regulators 

Treasury yields tick lower as investors look ahead to inflation report

“The 10-year Treasury yield TMUBMUSD10Y, +0.35% edged lower 2 basis points to 2.191%, from 2.211% in the previous session” writes Sunny Oh for marketwatch.com. Amid weakness in inflation data, market participants have shown concerns that a further rate increase could result in a policy misstep, and inadvertently slow down the economy.Investors will brace for a release of consumer-price inflation data (CPI) that could clarify how much the Federal Reserve will tighten monetary conditions.Treasury yields extended their three-day decline on Friday ahead of inflation numbers that could aid the case for…

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Golden government deal about to expire for nature-loving seniors

“On Monday, August 28, the price of the senior lifetime National Park pass will increase from $10 to $80” reports thebostonchannel.com. Since the deadline was announced, the National Park Service has increased a flood of applications for the pass.America the Beautiful Senior Pass to increase by $70 on August 28 For anyone over the age of 62 that plans to visit national parks across the country, it’s been the best deal around. Source: thebostonchannel.com Share This:

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Netflix price hikes are coming to Canada

“A price increase is on the way for Canadian Netflix users, with new users facing the charges immediately” writes Aug Edt for theverge.com. Netflix, which offers several different streaming plans in basic, standard, and premium tiers, has raised its prices before.Current subscribers should also expect equivalent price hikes in the coming weeks.US users saw a price hike in May of last year, which led to a significant boost in profit during the last two quarters.CBC News reports that the service’s basic and standard plans will both now cost a dollar…

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