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MONEY AND FINANCE

From the editorial: "(We) must find ways to bring down the cost of college. But in the interim, this plan has the appeal of partially relieving a burden that is stunting a generation of younger Americans."
The U.S. Supreme Court's nine justices are hearing arguments in the Biden administration's appeal of the two lower court rulings today. The court is expected to rule on this case this Spring.
Cal-Maine Foods, which controls 20% of the retail egg market, reported quarterly sales up 110% and gross profits up more than 600% over the same quarter in the prior fiscal year.
Sears Authorized Hometown Stores LLC has filed for Chapter 11 bankruptcy, prompting the closure of locally owned and operated stores across the country.

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The Minnesota Department of Commerce’s solar report shows solar capacity and consumption has increased steadily since 2013. The industry believes expanding capabilities will lead to even more growth.
The fine for Wells Fargo is the latest in a series of actions that underscore the CFPB's more aggressive posture under President Joe Biden's administration.
From the column: "Today we are surrounded by the confusing lexicon of economics ... (and) are similarly surrounded by professors and politicians who purport to understand it."
From the column: "It is being sold as a device to aid the less fortunate, but it is really a transfer of tax dollars from lower-income earners to higher-income earners."
From the column: "The system is broken and must be fixed. Biden’s plan to cancel student debt is a first step."
From the editorial: "While this may cheer borrowers who’ve grown accustomed to forbearance, the rest of the country will bear the costs. The moratorium has already deprived the government of $155 billion in expected revenue; freezing payments through the middle of 2023 will cost taxpayers tens of billions more."

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The cutting board and kitchen implements manufacturer is offsetting its energy needs with 197-kilowatt solar array.
The central bank is expected to raise rates by 75 basis points for a fourth straight time at the conclusion of its next policy meeting on Nov. 1-2.
U.S. District Judge William Griesbach in Green Bay threw out the case, noting that merely paying taxes is not enough to challenge federal actions.

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