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Is Your 1982 Penny Worth $20,000? Probably Not—Here’s Why
Could there be a penny in your pocket worth thousands of dollars? It’s highly unlikely. Still, online influencers on Facebook, TikTok and YouTube continue to plug the storyline that a particular rare 1982 penny can be found in pocket change. These posts generate clicks, but they can also create false hope among amateur collectors and…
Clover Health’s CEO Just Sold 62,711 Shares for Tax Withholding. The Bigger News Comes Next Week.
Andrew Toy, Chief Executive Officer of Clover Health Investments, Corp. (CLOV -3.46%), sold 62,711 shares of Class A Common Stock on July 15, 2026, according to a recent SEC Form 4 filing. Transaction summary Metric Value Transaction value ~$292,860 Shares sold (directly held) 62,711 Post-transaction shares (directly held) 9,547,114 Post-transaction value $44.68 million Transaction value…
How to Spot a Bad Landlord Before You Hand Over Your Money
Today’s column could save you not only money, but grief when dealing with a landlord and their property managers who might care little about respecting state laws that require rental units be habitable. While the events described here concern an alleged California slumlord-on-steroids family, these creeps are found all over the country. Over the years,…
PRA fines HDI Global SE £4,165,000 for inaccurate reporting of FSCS Liabilities and FSCS Fee Tariff data
News release The Prudential Regulation Authority (PRA) has imposed a financial penalty of £4,165,000 on HDI Global SE in connection with the submission of incorrect data to the PRA. This occurred on multiple occasions between August 2021 and August 2024 and included errors in data provided to the PRA in purported remediation of previously incorrect…
Municipal spending increased across Metro Vancouver
Municipal spending increased across Metro Vancouver beng Tue, 07/28/2026 – 09:23 EST. READ TIME 3 MIN. In Metro Vancouver, municipal governments are spending more than they used to, even after accounting for inflation and population growth. And residents should ask whether they get good value for their tax dollars. In 2024, the latest year of…
Reserves and the Buyer of Last Resort — by Frederic Boissay, Harald Uhlig
We examine the role of central bank reserves and public liquidity when secondary markets may freeze. Central bank reserves help intermediaries purchase assets during stress but crowd out investment. Under laissez-faire, intermediaries hold insufficient reserves, overlooking how aggregate liquidity reduces freeze risk. We propose a “market-backstop principle”, akin to Bagehot’s principle for intermediaries. It combines…