Independent thinking for complex markets and current events
For far too long, entrepreneurs and employee representatives have silently accepted the ecological crash course of politics. Now, the chemical union IG BCE is demanding a shift in climate policy. Slowly, the penny seems to be dropping. A storm is brewing in Berlin. The faint rumble that barely drew attention weeks ago has now grown …
Anthem Blue Cross Blue Shield have reversed a policy change that would have seen them tie payments in some states to the length of time a patient went under anesthesia. The insurance company, which is one of the largest health insurance companies in the country, backtracked on the move following widespread outcry. Their decision came …
via notayesmanseconomics Later this week the European Central Bank meets to set interest-rates for the Euro area and yet again we see that its Forward Guidance on the subject is in disarray. Let us start our journey by seeing how it is doing on the inflation front. Euro area annual inflation is expected to be 1.8% …
Volodymyr Zelensky has invited Russia to the next peace summit despite previously saying it could only join if it relinquished land in Ukraine. The Ukrainian president refused to invite Russia to the first peace summit in Switzerland last month to the consternation of some officials who questioned whether peace could be achieved without both parties …
Another bizarre virtue signal just in time for pride month. Street signs that LA officials said previously targeted LGBT community members were taken down from a Silver Lake neighborhood this week. The signs that read “No Cruising” and prohibited U-turns were installed in 1997 when neighbors allegedly complained about gay men stalking back and forth …
via DAVID JENSEN: On December 13, 2023 the Fed U-turned from a staunch inflation fighting policy stance two weeks prior to signaling that it was preparing for rate cuts. This raised the question of what could have changed in two weeks to cause such a reversal. If we look at key metrics such as M2 …
There is a growing feeling that the experiment has backfired and support is increasing for a measure – which could go on the ballot next year – to prosecute drug users again. Measure 110 was backed by 58 per cent of voters in a referendum in November 2020. Now, three years later, an Emerson poll …
New York governor Kathy Hochul welcomed asylum seekers with ‘open arms’ and pledged to house them just three years before telling migrants to ‘go elsewhere’ because the city is at its limit. The Democrat addressed the migrant crisis on Wednesday, warning that asylum seekers who arrive in New York City will not be housed in …