Independent thinking for complex markets and current events
CBS News reports: In a 2-1 decision, a panel of federal judges at the 5th Circuit Court of Appeals said the Trump administration had properly reinterpreted an immigration law last year to disqualify many unauthorized immigrants arrested by Immigration and Customs Enforcement from being able to ask an immigration judge to be released on bond. …
You just can’t make this up. Federal Reserve Chair Jerome Powell, once so adamant about controlling inflation, now finds himself back at square one. “Transitory,” he said, just like the early days of this crisis. That term—used to downplay what we all knew was coming—is now being recycled like some tired political mantra, as if …
RALEIGH — During each election cycle, we are treated to an endless parade of politicians extolling freedom. Given how many of them subsequently vote to restrict our freedom in myriad ways, we have ample reason to be skeptical about politicians. But we should not let our skepticism become cynicism, or realism become defeatism. The cause …
As parents and teachers are getting more and more disgusted with student discipline — or the lack thereof — states are responding. A new law in Kentucky, for example, allows for students to be suspended for profanity, “willful disobedience or defiance of the authority of the teachers or administrators,” “defacing school property” and alcohol and …
The sharp increase in credit card losses, coupled with the rise in evictions and loan delinquencies, paints a bleak picture for the economy, reminiscent of the challenging times during the Great Financial Crisis. Food Prices up Over 20%, Credit Card Delinquencies Now Higher As Credit Card Debt Grows on Inflation Despite Paul Krugman’s assurance that …