“It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation…
“It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation…
In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling, reclaiming the Court’s role as interpreter of statutory law…
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both…
In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, this surplus has…
In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor….
This is a sequel to a post from January 25 titled “Is it time for another Lehman Brothers moment?“, discussing the threat of a 2024…
Reading the tea leaves for the 2024 economy is challenging. On January 5, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages…
Three US presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3 1789, George Washington declared the first federal Thanksgiving holiday. In…
“You’ll own nothing and be happy’? David Webb has gone through the 50-year history of all the legal constructs that have been put in place…
US banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in…
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that…