Mortgage rates drop by largest amount in 41 years Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline […More]
Soccer-Ex-FIFA Vice President Warner Loses Appeal Against Extradition From Trinidad Former FIFA vice-president Jack Warner can be extradited from his homeland of Trinidad to the United States to face corruption charges, a London court said on Thursday. Warner’s lawyers argued that his extradition was unlawful but London’s Privy Council, the highest court of appeal for many Commonwealth countries, unanimously dismissed […More]
Jamaica tourism minister: Plug leakages, promote linkages As the region takes on recovery challenges, Jamaica’s Minister of Tourism Edmund Bartlett wants to see a repurposed Caribbean tourism architecture that increases benefits for locals. Speaking over the weekend on 92.9 FM VOB’s “Down to Brasstacks” in Barbados, Minister Bartlett opined that despite strong performances across the sector, with the continuing war […More]
LONG LIVE THE CARIBBEAN “For I know the plans I have for you,” declares the LORD, plans to prosper you and not to harm you, plans to give you hope and a future.” – Jeremiah 29:11 The British Empire started in the U.K. in the 16th century and eventually spanned North America, India, Asia, Australasia, Africa, the Caribbean and the […More]
Fed unleashes another big rate hike but hints at a pullback Fed interest rates increased by 75 basis points again, Powell says ‘very premature’ to talk about pause WASHINGTON (AP) — The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size […More]
Mortgage rates top 7% for first time since April 2002 Mortgage rates surpassed 7% for the first time since April 2002, adding more reason for price-struck homebuyers to stay on the sidelines. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Rates have jumped 3.86 percentage points since the […More]
Court temporarily blocks Biden’s student loan forgiveness ST. LOUIS (AP) — A federal appeals court late Friday issued an administrative stay temporarily blocking President Joe Biden’s plan to cancel billions of dollars in federal student loans, throwing the program into limbo just days after people began applying for loan forgiveness. The Eighth Circuit Court of Appeals issued the stay while […More]
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St Vincent offers assistance to Cuba & Venezuela in wake of devastation Following the destruction in Venezuela and Cuba, Prime Minister Ralph Gonsalves has expressed St. Vincent and the Grenadines’ solidarity with the people of both countries. To help restore power in hurricane-ravaged Cuba, St. Vincent Electricity Services, Gonsalves added, would deploy technicians. “Before I left, I asked Dr Vaughn […More]
China scholarship announcement The Government of the People’s Republic of China, in collaboration with the Government of Grenada, is offering scholarships for individuals to study in Chinese Universities for undergraduate programmes, master’s programmes or doctoral programmes in the academic year 2023/2024. Eligibility All applicants MUST: be in good health (mentally and physically) be a citizen of Grenada be a high […More]
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