The Awakening Will Continue Regardless of This Year's Election ... Every four years the public gets all riled up over the outcome of the presidential election, projecting all their expectations and visions for a better tomorrow on to a candidate in the hopes that they will swoop in and save the day. However, the reality is that the outcome of the presidential election has little to no effect on th...Read More
Four Ways to Think About the Economy ... I see four different schools of thought about how the economies of the U.S. and much of the developed world should be managed. The challenge for the Federal Reserve and other central bankers is that it’s hard to know who’s right. -BloombergThe author of this article proposes a series of unique, economic "schools."The first, he says, are "neutral...Read More
Curry house owner jailed for six years after customer dies from nut allergy ... Paul Wilson’s parents Margaret and Keith said he loved curry but was always clear with staff about his allergy, asking for his meals not to contain any peanuts ... Businesses have been warned to take allergies seriously after a restaurateur was imprisoned for six years for killing a customer by selling him a curr...Read More
Obama is visiting Japan to meet with world economic leaders this week, and he plans to stop at Hiroshima Peace Memorial Park and deliver remarks about war and nuclear proliferation. The visit, preceded by similar visits by U.S. Ambassador Caroline Kennedy and Secretary of State John Kerry, is controversial ... -LA TimesThree top politicians from the US have recently visited Hiroshima. Obama's u...Read More
How corporate America bought Hillary Clinton for $21M … Hillary Clinton has amassed a huge fortune through shady speaking engagements given to some of the most powerful corporations in the world. - NY PostAs we've followed the coverage of Hillary Clinton, we've pointed out the negatives continue to mount for her in the mainstream media.Over the weekend and late last week that trend hasn't ch...Read More
The right kind of reform ... America's next president should modernise the Federal Reserve system ... Perhaps it was inevitable in the aftermath of the worst financial crisis in almost a century, but America is boiling over with schemes to remake the Federal Reserve ... The Fed is not broken, but it is anachronistic. -EconomistThe Economist is on a roll - in the wrong way.We recently wrote about...Read More
Conditions for a rate increase by the Federal Reserve are “on the verge of broadly being met,” Eric Rosengren, president of the Federal Reserve Bank of Boston, told the Financial Times ... According to an article on Sunday, Rosengren told the FT he was getting ready to back tighter monetary policy as economic and financial indicators had become more positive. -ReutersThe more you fin...Read More
Get cozy in Montana with this decked out 245 square-foot tiny home ... What this rustic and quaint tiny home lacks in square footage, it makes up for in d?(C)cor and location. Set in extremely rural land alongside Skalkaho Creek in Hamilton, Montana, this 245 square-foot home looks like something straight out of Pinterest. -AOL EditorsThe tiny house movement is similar to the tiny apartment...Read More
How corporate America bought Hillary Clinton for $21M … Hillary Clinton has amassed a huge fortune through shady speaking engagements given to some of the most powerful corporations in the world. - NY PostAs we've followed the coverage of Hillary Clinton, we've pointed out the negatives continue to mount for her in the mainstream media.Over the weekend and late last week that trend hasn't ch...Read More
The right kind of reform ... America's next president should modernise the Federal Reserve system ... Perhaps it was inevitable in the aftermath of the worst financial crisis in almost a century, but America is boiling over with schemes to remake the Federal Reserve ... The Fed is not broken, but it is anachronistic. -EconomistThe Economist is on a roll - in the wrong way.We recently wrote about...Read More
Conditions for a rate increase by the Federal Reserve are “on the verge of broadly being met,” Eric Rosengren, president of the Federal Reserve Bank of Boston, told the Financial Times ... According to an article on Sunday, Rosengren told the FT he was getting ready to back tighter monetary policy as economic and financial indicators had become more positive. -ReutersThe more you fin...Read More
Get cozy in Montana with this decked out 245 square-foot tiny home ... What this rustic and quaint tiny home lacks in square footage, it makes up for in d?(C)cor and location. Set in extremely rural land alongside Skalkaho Creek in Hamilton, Montana, this 245 square-foot home looks like something straight out of Pinterest. -AOL EditorsThe tiny house movement is similar to the tiny apartment...Read More
Free exchange Murder most foul When periods of economic growth come to an end, old age is rarely to blame ... In June America's economic expansion will be seven years old. That is practically geriatric: only three previous ones lasted longer. The record boom of the 1990s survived only ten years. It is tempting to look at that ten-year mark as something like the maximum lifespan of an expansion...Read More
The three biggest mistakes Hillary Clinton is making right now ... Democratic presidential frontrunner Hillary Clinton has been on a bit of a losing streak lately. She did pull out a technical victory in the Kentucky primary on Tuesday, but she lost the Oregon contest and simply cannot shake Democratic challenger Bernie Sanders. To make matters worse, her national poll numbers against Donald Trump...Read More
Free exchange Murder most foul When periods of economic growth come to an end, old age is rarely to blame ... In June America's economic expansion will be seven years old. That is practically geriatric: only three previous ones lasted longer. The record boom of the 1990s survived only ten years. It is tempting to look at that ten-year mark as something like the maximum lifespan of an expansion...Read More
The three biggest mistakes Hillary Clinton is making right now ... Democratic presidential frontrunner Hillary Clinton has been on a bit of a losing streak lately. She did pull out a technical victory in the Kentucky primary on Tuesday, but she lost the Oregon contest and simply cannot shake Democratic challenger Bernie Sanders. To make matters worse, her national poll numbers against Donald Trump...Read More
The Government Just Got More Powerful. (And That’s a Good Thing.) … Here's the most important legal principle that you've probably never heard of: If a regulation issued by a government agency turns out to be ambiguous, the agency, not the court, gets to resolve the ambiguity. It's called the Auer principle, after the 1997 Supreme Court decision that established it. ... Few people have...Read More
The Federal Reserve may be eying its next rate hike as soon as this summer. Evidence of a possible June rate hike came Wednesday when minutes from the Fed’s April meeting gave a more upbeat assessment of the U.S. economy. “Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter…then it likely would be appropriate for th...Read More
Germany Is Very, Very Tired ... The overriding worry is that a vicious cycle has begun: As Germany gets ever more frustrated with Europe's inability to change, it gets ever less likely to lead, so the change it wants becomes ever less likely to happen. If Britain were to opt to leave and other countries threatened to hold referendums, then even the cautious Merkel might be forced to seize the mome...Read More
Zika virus could spread to Europe in coming months, says WHO ... The Zika virus is expected to spread in Europe within the next few months, the World Health Organisation has said, although it has classified the risk of an outbreak at low to moderate ... WHO Europe, which made the assessment, said the risk should not be underestimated. -GuardianWe've avoided writing about health catastrophes for...Read More