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JPMorgan CEO Jamie Dimon throws doubt on ‘Goldilocks’ economy, cites ‘huge…

JPMorgan boss Jamie Dimon warned that a so-called “Goldilocks” economy — with growth that’s not too hot or too cold — may not save the US from a recession as the government faces a “huge deficit”. “I’m a little skeptical on this Goldilocks scenario. I still think the chances of it not being a soft landing are higher than other people,” Dimon told Fox Business from San Francisco, where JPMorgan is hosting its 42nd Annual Healthcare Conference from Jan. 8 to 11. Dimon warned about a slew of issues that could disrupt the economy in the coming months, including COVID relief that’s set to run out this year. “The extra money that …

Why the US Federal Reserve may be Trump’s next target

Interest rates in the world’s largest economy are heading down. Maybe not today, and maybe not tomorrow, but soon, and for the rest of this year (at least). Why? Because there are very good reasons for the US Federal Reserve, which controls short-term interest rates — that’s how it makes monetary policy — to start reversing the sharp rate hikes it carried out beginning in March 2022. There’s a vigorous debate about whether those rate hikes were excessive, which I’m not going to litigate here. Whatever you think about past policy, the case for cuts going forward is very strong, and I hope the Fed will act on that case. Former US…

Antioch mayor says city should take action against owners of empty, blighted…

Many in Antioch have had just about enough of the longtime, blighted, boarded-up storefronts that have become magnets for trash dumping, drug use and other illicit activities. Antioch Mayor Lamar Thorpe for one is proposing the city do what it can legally to clean up these eyesores where city code enforcement and fines have not worked, an idea he pitched at a press conference Tuesday and later again at a City Council special workshop he called afterward. “Today this corridor is an iconic symbol of decades of economic decline, neglect and disinvestment as the city has bulldozed its way into southeast Antioch,” Thorpe said, standing…

No STEM major, no problem: How to make a liberal arts degree count

Majoring in science, technology, engineering and mathematics (STEM) isn’t the only way to land a job that . A liberal arts degree can pay off, too — but you may need to put in more legwork than a STEM major would. “Going to school and being a liberal arts major in and of itself is not going to give you the same outcomes as focusing on your career preparation in tandem with going through your college experience,” says Joshua Kahn, associate director of research and public policy at the National Association of Colleges and Employers (NACE). If you want to major in English, history, sociology or another nontechnical field, here are…

This northeastern state is the best place to raise a family — see the full top…

If you’re looking to raise your brood in what’s just been named as the best place in the nation to do that, you should embrace the Spirit of America. That’s right: Emerging as the prime contender for the ideal family-centric location is Massachusetts, securing its top spot for the second consecutive year. That’s according to a comprehensive evaluation by WalletHub that analyzed five key pillars, including Family Fun, Health & Safety, Education & Child Care, Affordability and Socio-economics. It utilized 50 pertinent metrics graded on a 100-point scale to determine optimal living conditions for families. WalletHub aimed to identify…