Category In the news

This past week a largely ignored alarm sounded from Washington, D.C. out of the Treasury Department. Secretary of the Treasury Janet Yellen issued a warning to Congress last Friday that the department will have no choice but to launch “extraordinary…

This past week saw economists’ expectations on the important economic indicator of consumer sentiment confounded. They had been anticipating a positive rise in the crucial economic metric. Instead, consumer sentiment weakened significantly in the first half of the month of…

This past week saw NATO and Russian forces engaged in a showdown in the Black Sea that threatened to escalate dangerously. Military confrontations in the area have raised concerns that a sudden upsurge in the violence could potentially pull in…

This past week saw bad news emerge regarding a potential coronavirus resurgence in America. A large part of the country has now been relieved of the twin requirements of social distancing and wearing masks. Yet because of a number of…

This past week saw an update from the Federal Reserve at its regularly scheduled meeting. The U.S. central bank gave a policy announcement that surprised many observers by bringing forward its interest rate hike timeline. They also issued a forecast…

This past week saw the fastest level of inflation since 2008. The critical measure of headline consumer prices soared five percent versus May of last year. Meanwhile the core inflation rate’s 3.8 percent increase, with food and energy prices not…

This past week saw one of the busiest waterways and most important trading passages in the world blocked for days. An enormous container ship stopped all traffic from passing through the Suez Canal in Egypt. The halt in trade amounted…

This past week saw warnings sounded regarding a wave of evictions set to begin starting the first week of April. The eviction ban is set to expire at the end of March if President Joe Biden does not extend it.…

This week saw the American Rescue Plan bill make its way back to the House of Representatives. On Wednesday, March 10th the House Democrats voted through this massive $1.9 trillion coronavirus relief bill. President Joe Biden signed the bill on…

This past week a court ruling emerged that the United States’ CDC Centers for Disease Control and Prevention eviction ban is not constitutional. It threatened to overturn the so-called pandemic eviction ban that has kept millions of Americans from losing…

This past week news emerged that much of the rest of the world’s economies are lagging behind that of United States’ recovery. Economists at JPMorgan Chase and Company warned that the recovery within the U.S. is gathering pace at a…

It is now less than two weeks time until the long-dreaded Hard Brexit scenario becomes a reality with all of its threatened international economic dislocation and corporate pain. This past week the news emerged from London that the British are…

This past week several reports emerged concerning the ongoing troubled relations between the United States and China. Secretary of Commerce Wilbur Ross slammed the Middle Kingdom for its failure to meet up to the norms expected of good state actors.…

This past week, the news emerged of a looming unemployment benefits cliff that is threatening to cut off millions of unemployed Americans who have been badly impacted by the effects of the coronavirus and business shutdowns. With negotiations to agree…

The economic fallout from coronavirus continued to worsen this past week as governors ignored court orders and imposed lockdowns. Resulting statistics from these and other protective measures have taken their collective toll on the U.S. economy in 2020. Despite record…

This past week saw a spate of horrific terrorist attacks unleashed on both France and Vienna, Austria at a time when many individuals had seemingly forgotten the still significant power of Islamic extremists and ISIS fighter returnees to Europe. The…