The FTC’s Amazonian Snipe Hunt
When lockdowns were the order of the American day, we worried. The media highlighted only the worst predictions, and we did not know what would happen next. Whether transitioning from high school to college or returning from spring break, we both had serious concerns about what the future held. But one thing concerned neither of […]
Has The Rule Of Law Collapsed In Germany?
I want to explain an incident when I was doing a world tour for the Forecaster Movie. In Europe, there would be a question-and-answer period after the film concluded. I was in Frankfurt, and a woman stood up and said this is what was wrong with America. It always protected the bankers. She was […]
U.S. wraps up fiscal year with budget deficit near $1.7 trillion
Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023. Pool | Via Reuters The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S. Department of the Treasury announced Friday. Wrapping up a […]
Biden’s Student Loan Forgiveness Plan Makes the Poor Pay for the Rich
A year after the Supreme Court struck down President Biden’s student loan forgiveness plan, he presented a new scheme to the Department of Education on Tuesday. While it is less aggressive than the prior plan, this proposal would cost hundreds of billions of taxpayer dollars, doing more harm than good. As the legendary economist Milton […]
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024. Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2% […]
2:00PM Water Cooler 10/20/2023 | naked capitalism
By Lambert Strether of Corrente. Barn Swallow (White-bellied), Mpala Ranch and Research Centre–Vanessa’s Glade, Rift Valley, Kenya. Short, but the insect tremolo is terrific! September 1, 1939 (the date Germany invaded Poland, setting off World War II) isn’t one of Auden’s more cheerful poems. The opening lines always comes to my mind as representing the […]
