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For weeks, the stock market has fluctuated dramatically due to thedebt ceilingstalemate. A default could send stocks into a free fall
stanley thermos mug with a direct hit to retirement savings plans.Zach Moller, the economic program director at the center-left think tankThi
stanley cups rd Way, says time is of the essence. If we are in default for a very long time, like some studies have been estimating, then yeah, a 45% drop in the stock market is entirely plausible, he said.A Gallup Polllast year found almost two-thirds of Americans own stocks, either individually or through mutual funds and 401 k accounts.
stanley website The success of those 401 k accounts is tied directly to the success of the stock market.SEE MORE: Biden, McCarthy meeting Monday for debt ceiling talksMoller and his team estimate a default could cause the SP 500 to drop about 22%, wiping out years of earned wealth for millions of households, particularly those nearingretirement. [For] a typical 401 k for someone near retirement, which is about a quarter of a million dollars, that would be about a $20,000 drop in your assets, he said.Again, Moller says the financial pain depends on how long the U.S. is in default, adding that the current stalemate is economically damaging in its own right. The longer that we are potentially at risk of default, the more damaging that this is for confidence in the United States more broadly and for our financial institutions, he said.The last time theU.S. faced default was in 2011, with the Treasury reporting th Sfsj Rural towns lean on the arts as a way to survive
Sky-high COVID-19 cases in Wisconsin led the Department of Health Services DHS to switch reporting systems to allow positive COVID-19 test results to be automatically imported into the system. Dr. Hashim Zaibak of Hayat Pharmacies runs testing and vaccine sites all throughout the city and has see
stanley cups uk n case counts climb over the last week. It s the highest I have seen since the pandemic, said Dr. Zaibak.According to the DHS, Wisconsin shattered the record of po
stanley taza sitive cases Friday reaching almost 20,000. This was a 7,000 jump from just the day before. In an effort to keep track of the rising numbers, DHS says they will now allow positive test results to be automatically reported. They also warned that we could see elevated case counts as the new system begins to process and enter in back-logged results. With the number of tests going up and also the number of positive cases going up, it then becomes a little bit more challenging. It s a time-consuming task, and that has probably created some of the numbers not to be as up to date and I think that the state is doing the right thing now by simplifying the process, said Dr. Zaibak. According to the DHS release, they say this change is intended to support the efforts of local and tribal health departments LTHDs as they manage the influx of positive tests due to the Omicron variant. Currently, the seven-day average increased by
botella stanley more than 10,000 cases a day to now 11,000.These numbers raise concerns for some Milwaukee Public School