MONEY MARKETS-U.S. rates futures hold modest losses after Fed’s Beige Book

NEW YORK, Oct 18 (Reuters) – U.S. interest rates futures held modest losses on Wednesday as the Federal Reserve’s latest Beige Book on regional U.S. economic conditions showed mild domestic growth and inflation in September through early October.

At 2:22 p.m. EDT (1822 GMT), federal funds contracts implied traders saw an 80 percent chance the U.S. central bank would raise key overnight borrowing costs by a quarter percentage point to 1.25 percent to 1.50 percent at its Dec. 12-13 policy meeting, unchanged from the level prior to the release of the latest Beige Book, according to Reuters data. (Reporting by Richard Leong; Editing by Lisa Shumaker)

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No money budgeted for state worker raises

South Carolina state workers have almost no chance of getting a pay raise this year.

In the spending plan it approved Tuesday, the S.C. Senate’s budget panel did not include a raise or a one-time bonus for state workers.

Chances of a pay increase for state workers have been bleak since legislators returned to Columbia in January.

Lawmakers have an added $522 million to spend in this year’s $8 billion budget, which takes effect July 1. But a chunk of those added dollars — roughly $150 million — is being spent to shore up the ailing pension system for state workers.

Lawmakers knew they likely could not both give state workers a raise and put millions into fixing the pension system this year, said state Sen. Darrell Jackson, D-Richland.

“(But) it’s not completely over,” Jackson said, adding there could be an effort to add a pay raise or one-time bonus for employees when the budget is on the Senate floor.

The full Senate will consider the spending plan in the coming weeks, then it will send its version of the budget back to the S.C. House, which did not include a pay raise in its spending proposal. Differences between the two budget proposals must be worked out before the spending plan takes effect July 1.

The absence of a pay raise comes as state agencies struggle to recruit and

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Video shows thieves hugging in celebration after finding woman’s rent money

HENRICO COUNTY, Va. – Surveillance video captured three men breaking into cars in Henrico County, Virginia, then embracing after realizing what was inside them.

A woman living on Kinloch Lane said her daughter-in-law forgot to lock her car doors. Thieves broke in and stole the rent money out of her pocketbook early Tuesday morning.

They were obviously happy with their heist, which was all caught on camera.

As he watched video of the thieves rifling through cars in the early morning hours, retired Henrico Deputy Christopher Wilson said what he saw on surveillance made his blood boil.

“Hugging? I mean, celebrating,” Wilson told WTVR. “There’s a place for you. I’d like to introduce it to you. Parham Road. Henrico jail. I would come back to show you a thing or two. Teach you some manners, some respect and respecting other people’s property.”

Video captured one man apparently so happy about the loot he scored that the other two came over to see. They hugged it out and danced around on camera.

“They don’t care… that’s what you’re dealing with,” said Wilson.

Wilson says this style of crime has plagued his community in spurts over the past three years. He says he feels bad because he heard a noise Tuesday morning but didn’t look outside.

That’ll change now, he said, knowing thieves are back on the prowl.

Christopher Wilson

“You go to work, come home and you can’t have peace at home.

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This Marijuana Penny Stock Investigation Could Jeopardize Investors’ Money

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Pot stocks have delivered double- and triple-digit returns to investors this year. Amfil Technologies Inc. (OTCMKTS: AMFE), for instance, is up a whopping 1,500% so far in 2017.

But there’s still risk involved in this industry, as you’ll see when we detail this latest marijuana penny stock scandal. We’ll also show you two tips for avoiding similar scams in the future.

Here’s more on the scandal that sparked an SEC investigation – and how you can avoid similar scams in 2018…

If You Own This Marijuana Penny Stock, Your Money Could Be in Jeopardy

The investigation involves CV Sciences Inc. (OTCMKTS: CVSI) – which also goes by the name CannaVest. It’s a Las Vegas-based marijuana company that was charged with fraud back in June. The charge stemmed from CannaVest’s CEO, Michael Mona, Jr., allegedly falsifying financial documents back in 2013.

marijuana penny stock

You see, CVSI was one of the top marijuana stocks of 2013. Before it was a penny stock, it surged 700%, from $5 per share to $40 over the course of that year. Shares even peaked near $70 in January 2014.

But CVSI’s 700% gain in 2013 has been overshadowed by the stock’s crash in value. As of Oct. 18, shares of CannaVest are down 99.7% from the $70 peak, to just $0.24.

CV Sciences is also down another 11.1% since June 16 –

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