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The COVID/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried A sequence of showing texts and tweets by Sam Bankman-Fried, the disgraced former CEO of FTX, the as soon as high-flying however now belly-up crypto trade, had the next…
Feds Are Profiting Off of Coverage: Solely Voters Can Cease Them Over the previous a number of months, The Wall Road Journal has been reporting on authorities officers who revenue from their cozy relations with the non-public companies they regulate or that…
America is Drunk on Credit score rating—and Polarized Politics Complicate the Fed’s Unenviable Drawback of Ending Easy Money I may not must be throughout the seat of Federal Reserve chair Jerome Powell. Whether or not or not the Fed continues…
How California’s Homeless Drawback Grew to become Intractable California governor Gavin Newsom sharply criticized a decide’s latest injunction that stops San Francisco from clearing homeless encampments inside the metropolis, calling the injunction “preposterous” and “inhumane.” San Francisco’s efforts to clear these encampments…
Financial Coverage Stays Sufficiently Tight Slowly however persistently, inflation is falling. The Bureau of Labor Statistics introduced the Private Consumption Expenditures Value Index (PCEPI) elevated 0.2 % in July. Over the previous 12 months, costs are up 3.3 % total and 4.2…
A Giant Financial institution Failure that Few Are Speaking About An enormous financial institution failure has occurred, but no headlines have been posted within the information or social media. This financial institution has misplaced near a trillion {dollars} on its…
President Biden’s Inflation Malarkey President Biden took to the pages of the Wall Avenue Journal to defend his financial report. He claims that “as provide chains proceed to unsnarl, firm revenue margins fall from traditionally excessive ranges, and rents proceed to average, inflation ought…
What Ought to We Do About Medicare? President Biden and former President Trump have made the identical promise to voters: they received’t contact Social Safety or Medicare. That’s not merely disappointing. It’s irresponsible. Based on the most recent Social Safety and…
Sure, Argentina Can Change the Peso with the US Greenback Argentines gave up on their peso way back. They now maintain some $200 billion in money, second solely to the money holdings of US residents. With expectations for 186% inflation…
The Federal Reserve at Struggle How will the central financial institution reply to instability in markets attributable to world turmoil? Financial coverage officers are hinting to monetary markets that the Federal Reserve will cease elevating rates of interest—even because the…
