by Steve Roth Originally Published at Wealth Economics Wealth concentration got just a tiny bit less extreme. The bottom 50% of American wealth holders got richer in the last three years: in 2021, ’22, and ’23 — not just in absolute dollar terms, but relative to richer folks. The percentage growth was faster than it […]
As the title says Trump met with a Court Probation Officer. A first for a president. The Probation Officer will assess him for resources, mental health, and criminal record. Trump’s attitude will play a part in this also. Hopefully. his attorney advises him to shut up. Which if he is smart, he will take the […]
A long and interesting read. And yes on paying the price. Article by David and Lindsay on what is happening today with increasing pricing across the economy. You can experience it in just about every part of the economy. Further on down this article the authors say, this is more about pricing than supply chain. […]
WSJ. President Biden’s unprecedented release of oil from the U.S. petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine and pulled billions of dollars into the Energy Department’s coffers in the process. Oil […]
Some background on Joyce Vance: Presently: Law Prof, MSNBC/NBC Legal Analyst, Podcaster Previously: US Atty, Fed’l prosecutor Always: Wife, Mom, Dogs, Cats & Chickens, Knitting One has to wonder if Justice Sam Alito ever learned to shut up and not discuss what he believes in or his thoughts on the court. He gives all the wrong answers […]
In her book “The March of Folly,” Barbara Tuchman uses the myth of Laocoön as her first example of folly. The Trojans ignored Laocoön’s warning not to admit the Trojan horse. That didn’t end well for the Trojans. Ignoring Laocoön was folly. In his recent substack essay, The Coming Alliance Between Billionaires, Tech Giants, and […]
This reads like a Christmas tree where people or children get to pull a tag off the tree and whatever it states is your gift. Except this tree is the tree that keeps on giving all year. There are three charts in this Newsweek article which pictorially details the numbers of gifts and value of […]
I was never faced with a company rule or contract limiting me to work for a competitor or blocking me from using my knowledge to start a business. I did have proprietary knowledge on certain things. It just never dawned on me to use such. Something called being ethical and maintaining a good reputation with […]
AB: I tend to believe the Pandemic caused more economic upheaval than Wall Street blowing up the economy and Main Street paying for WS’s pennies on the dollar gambling with CDS, naked CDS, etc. in the derivatives market. More was made available in 2020 onward by the government to lessen the impact of the Pandemic. […]
Taken from the “SCOTUS Blog” and originally published at “Howe on the Court.” Usually if I am going to read about SCOTUS, I go to the SCOTUS Blog. There I find up to date information about what it is doing and what is left for it to decide upon. In 2024, there are some important […]