Are the BRICS Countries increasing their clout? Are the BRICS Countries Hard to Ignore? Increasing Their Economic Clout? My answer is no. A Bloomberg columnist says yes. But he misses the real issue by a mile. Please consider BRICS Is Getting Increasingly Hard to Ignore by Alan Crawford. BRICS leaders hosted by Brazilian President Luiz Inácio Lula […]
Hurry, hurry, step right up, tax credits expire September 30. Has There Ever Been a Better Time to Buy an EV? The Wall Street Journal asks Has There Ever Been a Better Time to Buy an EV? Not even bargain-basement deals are enough to entice U.S. drivers to go all-in on electric vehicles. A Hyundai dealership […]
NYC is poised to elect a Zohran Mamdani, socialist madman. Here’s what to expect. Greatest Comeback Surprise in History A week ago, Polymarket betting odd were over 80 percent for former NY governor Andrew Cuomo and under 10 percent for Mamdani. On May 27, Cuomo was over 90 percent. But Mamdani won the primary and […]
The Fed’s outlook has soured vs its March forecast. “We expect a meaningful rise in inflation in the coming months,” said Powell Unemployment projection from Fed press conference. Trump will not be pleased with the Fed’s outlook. In the press conference, the Fed highlighted more concerns of tariffs on inflation and growth. Regarding jobs, Powell […]
I soundly beat the WSJ to this story but here are some more details. Trump says businesses report losing ‘very good, long time workers.’ How about changing policy? Please consider Mass Deportation . . . Except at Hotels? How far does President Trump envision his mass deportation project going? As if to heighten the ambiguity, on […]
Do we need more stablecoins? Corporate coins could take payments activity away from banks and the traditional financial system. I am 100% O.K .with that. What Is a Stablecoin? A stablecoin is a type of cryptocurrency that is pegged to another asset, typically the U.S. dollar. Regulation will likely ensure that US dollar stablecoins are […]
Hello Elon Musk, you are now 10 million rides behind Waymo. It’s Waymo’s World Please consider the Wall Street Journal, It’s Waymo’s World. We’re All Just Riding in It. Unless you live in one of the few cities where you can hail a ride from Waymo, which is owned by Google’s parent company, Alphabet GOOGL, it’s […]
With benefits, the effective wage is $38.35. This is inflationary. New Minimum Wage AI Overview Los Angeles is moving towards a $30 minimum wage for hotel and airport workers by 2028, a move supported by unions and some council members who believe it will benefit the local economy. The city council passed an ordinance to […]
Free money includes Medicare, Medicaid, SNAP, Social Security, and more, discussed below. Some may object to the term “free money” but the definition of Personal Current Transfer Receipts (PCTR) is “Payments to individuals for which no current services are performed, representing a component of personal income.” I don’t want to get into a debate over “free” […]
That’s the question I was asked today. 12 Ideas. A Spending Conversation on X What Do I Propose? The short answer is fiscal discipline by Republicans and better tax code and trade policy. Currently, the inevitable Congressional result is more of this for more of that. Democrats and Republicans are both in on it. Mish […]