Not a Very Virtuous Virtue Signal
The Davos Congress Center in Davos, Switzerland, welcomed international guests in January. As reported by Reason, a group including about 250 million- and billionaires calling themselves Proud to Pay More (P2PM) advocated the imposition of wealth taxes in an open letter to the “luminaries” meeting in Davos, Switzerland. Its core is apparent from the following excerpt: Our […]
What’s the Fate of Social Security in a Brutally Unequal America?
Yves here. Both parties have been gunning to “reform” as in cut, Social Security for decades. Bill Clinton’s plan was sidetracked by the American heroine Monica Lewinsky. Obama’s Grand Bargain failed due what is left of the left combatting cuts to safety nets, most of all Social Security. Readers here like to diss Bernie Sanders, […]
Market Talk – February 1, 2024
ASIA: In December, Hong Kong’s retail sales continued their upward trend for the 13th consecutive month, driven by improving tourism. Official data revealed a 7.8% year-on-year increase to HK$36.3 billion ($4.64 billion), following a 15.9% jump in November. The government anticipates further growth in visitor arrivals and attributes this to increased handling capacity recovery. Additionally, […]
Euro zone inflation eases as expected, but core figures disappoint
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed Thursday, while core figures declined less than expected. Annual headline price rises came in at […]
