2020 saw an increase in the number of people killed in air crashes around the world despite the Covid-19 pandemic leading to a dramatic reduction in the number of operational flights. Aviation Safety Network data released in early January shows that th…
The World Bank released its latest Global Economic Prospects report this week, providing us with an updated look at the coronavirus pandemic’s effect on the world economy. Striking a cautious tone, the report finds that global economic output will like…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The Federal Reserve and other central banks represent a clear and present danger to future financial stability. I’ve been saying for a while central banks are fueling an asset bubble and as […]
All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude.
Despite massively growing their fortunes, the amount billionaires donated to charitable causes remained at historic lows in 2020 according to The Chronicle of Philanthropy’s annual ranking of the top charitable contributions from individuals and their …
Despite the latest surge in coronavirus cases across the country, the U.S. manufacturing sector continues to rebound from the initial shock brought about by the lockdown in spring. According to the Census Bureau’s latest report on Manufacturers’ Shipme…
Faced with antitrust allegations and the wrath of (some) app makers, Apple extended an olive branch to its developer community in November by introducing the App Store Small Business Program, which reduces the company’s app store commission from 30 to …
After both Democratic candidates have been projected as winners in Georgia’s Senate runoff election, the party has regained control of the upper chamber in U.S. Congress. Sens. Jon Ossoff and Raphael Warnock will raise the number of Democratic senators…
It’s like somebody took a bite out of the middle of the thing this week.