The Dodd–Frank Wall Street Reform and Consumer Protection Act passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. The CFPB in creation was an independent bureau within the Federal Reserve. Its creation was meant to write and enforces rules for financial institutions, examine both bank and non-bank […]
Candidate Donald Trump promised not to touch Social Security if elected. But President Musk made no such promise, and is already spouting the usual lies to justify cutting Social Security benefits and privatizing the program: “The billionaire argued Friday on “The Joe Rogan Experience” podcast that the United States government is “one big pyramid scheme” […]
When I was growing up, our vacations involved camping each night. With five kids, it was a way to maximize vacation travel while minimizing costs. We would often camp at national parks. And of course, having grown up in East Tennessee, I visited the Great Smoky Mountains National Park many times. Our national parks are […]
My associate at Angry Bear or as you may know him better as Prof. Joel Eissenberg has some thoughts on what happened with Trump and Vance. It may be legitimate and we shall see. “my (Joel) thought was that this encounter might have been staged rather than be authentic. Like “reality TV.” My thought was […]
I grew up in Oak Ridge TN in the 1960s. It would have been hard to find any city in the world more pro-nuclear at that time*. Since then, nuclear power plant building went into decline in the US, partly because of concerns over safety. But any serious effort to decarbonize the world’s energy will […]
Here we are EOM February, have economic projections improved under Trump? I do not believe, this administration gives a damn about economic projections. It is open to questions though. 🙂 Stay-At-Home Macro (SAHM), “The Fed’s Summary of Economic Projections isn’t living up to its promises,” Claudia Sahm On December 18th, the Fed officials voted to […]
Charles Gaba at ACA Signups commenting on Trump and Vance selling out Ukraine. Today if you missed it, you can see our best of the best negotiators bullying Zelinsky as they attempt to sell out Ukraine to Russia. And still Trump wants to have access to Ukraine’s minerals. What jackasses we have for leadership. If […]
Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues. Yes, that is 81 trillion U.S. Dollars, which about says it all. The good news for Citi is that–this time–they managed to get […]
America has set its life upon a cast and will now stand the hazard of the die. As of today, most likely, Trump’s legacy will be that he sold out the United States of America, Ukraine, Europe, and Taiwan for his own personal benefit, and perhaps a nineteenth-century fantasy. That his threats to annex Panama […]
Each week, R.J. sends me briefings on various topics (covid, etc.) impacting the nation. This particular report caught my eye. If you have worked in the food industry, you would know an outbreak of listeria is serious. Such an outbreak leads to a shutdown of a facility for a long period of time. The FDA […]