Ole' Jerome at the Federal Reserve has NO friends .... Interest increases and bank problems ain't helping his rep.... And now he has the Massachuttes US Senator on his case? She wants his job.... Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chair Jerome … [Read more...] about Sen. Warren goes after Fed Chair Powell….
the Economy
Prime Minister Rishi Sunak gives the Brits a Reality Check….
The New York Times does a piece on the new British Prime Minister a look and find's the coun tries first leader of colour moving past the Boris Johnson a'la Donald Trump policies.... Prime Minister Rishi Sunak of Britain has mothballed his predecessors’ projects, large and … [Read more...] about Prime Minister Rishi Sunak gives the Brits a Reality Check….
Iraq….20 Years after the US stepped in…..
The New York Timnes gives a view of the complex situation in the country.... A place that has US and other nation's Spec Op's troops still working with the Iraqi's against ISIS .... As Iraq marks the 20th anniversary on Monday of the American-led invasion that toppled the … [Read more...] about Iraq….20 Years after the US stepped in…..
Senate Republicans to go after Biden loan forgiveness policy….
They don't have the votes to actually do anything... But any effort would be to get political gains with those who are against ANY forgiveness from the Trump and Biden policy... If enacted? It would throw the Education Dept. onto a Florida like sitauation where almost … [Read more...] about Senate Republicans to go after Biden loan forgiveness policy….
Second weak Bank First Republican has Big Banks coming to the rescue…
This IS a heartening signal about the US Banks taking care of business.... Eleven of the nation’s largest banks announced Thursday that they would deposit a total of $30 billion into First Republic Bank, as Wall Street and U.S. officials staged an emergency intervention … [Read more...] about Second weak Bank First Republican has Big Banks coming to the rescue…
Inflation has slowed…But is still High…..
Ask anyone buying groceries.... The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual … [Read more...] about Inflation has slowed…But is still High…..
Some state lawmakers want kids to do more work….
And increasing number of state's want to allow teenagers to put in more hours at work.... Probably at a cheaper rate of pay.... Competition against migrant labor? The economy is doing soooooo good we're reaching down for kids to work? Legislators in multiple states … [Read more...] about Some state lawmakers want kids to do more work….
Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….
11:00 DST NY 3/15/2023..... Stocks tumble as Credit Suisse woes add to banking sector jitters Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse... More... Did we say late … [Read more...] about Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….