‘Desperate’ Australians losing billions more to pokies during cost-of-living crisis, researcher warns | Gambling

Australians are losing billions of dollars more to poker machines than they were before the pandemic, with researchers attributing the sharp increase to “desperation” during a cost-of-living crisis. In New South Wales, an average of about $22m was lost to poker machines each day during the first six months of 2023, totalling $3.9bn over that…

Higher Interest Rates and the National Debt

Aug 13, 2024 The Federal Reserve has held the federal funds rate, which is the interest rate at which commercial banks lend to one another overnight, steady since July 26, 2023. The federal funds rate is used by the Fed to help control inflation, but the rate also has implications for the federal government’s borrowing…