America Ripe for Reform
by | Mar 22, 2020

President Donald Trump pushes a stimulus package, which includes a moratorium on Social Security and Medicare payroll taxes as well as rebate checks of between $600 and $1,200 sent to Americans, exceeding $1 trillion. This comes atop the Families First…

by | Mar 12, 2020

The Council on Foreign Relations canceled its “Doing Business Under Coronavirus” conference scheduled to begin in New York this Friday because of — what else? — coronavirus. Doctors have diagnosed, in a state of nearly nine million people, 173 cases…

by | Mar 3, 2020

Coronavirus recalls scares over SARS and bird flu. More so does its response evoke the Animal House parade scene, Caddyshack pool scene, and Jaws beach scene meshed with War of the Worlds and The Birds. Though coronavirus does not rise…

by | Feb 26, 2020

Financial markets endured a bout of coronavirus or suffered a third-degree Bern this week, depending upon the diagnosing doctor. The Dow Jones Industrial Average lost 879 points on Tuesday after plummeting 1,031 points on Monday (following lesser losses late last…

by | Feb 18, 2020

Federal Reserve Chairman Jerome Powell cited a record 11-year expansion, an economy “resilient to the global headwinds,” “near half-century lows for more than a year” regarding unemployment, and how “GDP rose at a moderate rate over the second half of…

by | Feb 8, 2020

President Trump spoke nearly 6,000 words in his State of the Union address on Tuesday. These included “Space Force,” “Advancing Support for Working Families Act,” and “Artemis program.” The terms “debt” and “deficit” never made it past the blue pen….

by | Jan 29, 2020

The First World War’s Christmas Truce witnessing impromptu soccer matches between the combatants and mutual caroling among Germans and Frenchmen proves that adults trying to kill one another one minute can treat one another humanely the next. This 105-year-old precedent,…

by | Jan 22, 2020

When does the medicine become the disease? Four months after the Federal Reserve intervened in the repurchase agreements (repo) market for the first time since the Great Recession, this strikes as a pertinent question. The temporary palliative that started in…

by | Jan 13, 2020

The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring…

by | Jan 1, 2020

Inequality won the electoral vote for Donald Trump in 2016. Four writers in the Nation admitted as much the day after the election. “Inequality created the presidency of Donald Trump,” they wrote. But the president’s antagonists generally appear loath to…

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