Marquette Nat. Bank of Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978). In a unanimous U.S. Supreme Court decision, the court held states anti-usury laws regulating interest rates unenforceable against nationally chartered banks based in other states. Justice William Brennan: It was the intent of Congress when it passed the National Banking […]
Econospeak (Barkley Rosser, pgl, Peter Dorman, Tom Walker) is in the financial section along with Bonddad blog (New Deal democrat) and Capital Ebbs and Flows (Joseph Joyce), and I am proud to say have a direct connection to Angry Bear (under general blogs…). Dear Dan, I wanted to let you know that your blog, Angry Bear Blog has been featured in the Top […]
Iran: An Unfortunate Anniversary And Getting Worse It was a year ago today that President Trump removed the United States from the JCPOA nuclear agreement with Iran as well as Russia, China, UK, France, Germany, and the EU, under the auspices of the UN Security Council. According to IAEA inspectors, Iran was fulfilling its part […]
The National Bureau of Economic Research has highlighted two studies. (hat tip Spencer England) U.S. Consumers Have Borne the Brunt of the Current Trade War Recent tariff increases are unprecedented in the post-World War II era in terms of breadth, magnitude, and the sizes of the countries involved. In 2018, the United States imposed tariffs […]
I think it might be time for an update on the crudest of tiny sample reduced form analysis of fiscal policy and the current recovery. One reason for my continued interest is that there was a rather large tax cut enacted in 2017. Trump critics tend to argue that it failed to encourage investment, but […]
The Blue Dogs suddenly have remorse over supporting the nomination of what’s-his-name . . . Elmer Fudd or was it William Barr? Sen. Doug Jones (D-Ala.) The most vulnerable Democratic Senator up for reelection next year, said he is “’greatly, greatly’ disappointed in what I am seeing in the attorney general.” While Barr did follow […]
FoxConn, Valerie Bauerlein. Microsoft News “Six miles west of Lake Michigan in Mount Pleasant, Wisconsin lies a cleared building site half again as big as Central Park and ready for Foxconn Technology Group’s $10 billion liquid-crystal-display factory. Contractors have bulldozed about 75 homes in Mount Pleasant and cleared hundreds of farmland acres. Crews are widening […]
Panetta and Trump: Who are You Calling Chumps? Leon Panetta: Trump treats Americans like we’re chumps Check out the entire interview as it was excellent. But I had to look up this old fashion word: a person who is easily tricked : a stupid or foolish person OK – Trump supporters are easily tricked. But Trump […]
Free Speech, Safety and the Triumph of Neoliberalism I’m reading another article about debates over free speech on campus, this time at Williams College, an elite school in the northwestern corner of Massachusetts. A faculty petition asks to formalize and tighten the college’s policy on free speech by adopting the Chicago Principles, which state that “concerns about […]
Trump Drops The Other Iran Oil Shoe US SecState Pompeo announced early today that the waivers granted to 8 nations allowing them to continue to import oil from Iran will not bee renewed when they expire in early May. I am not sure of the identity of three of those nations, but the big five […]