Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows...
The federal government’s program of supplemental unemployment benefits of up to $600 per week, as provided for in the CARES Act, is set to expire at the end of July. Whether or not to extend this program is setting up to become a contentious political battle mere...
Henry David Thoreau has inspired generation of Americans to live fuller, freer lives. From his story of spending a night in jail as a tax protestor in “Civil Disobedience” to his chronicle of solitary living in Walden, Thoreau reached higher ground by going against...
Glenn Greenwald at The Intercept: How The Armed Services Committee, In The Middle Of A Pandemic, Approved A Huge Military Budget And More War In Afghanistan. For anyone that needs a reminder of what Democrats (and some Republicans) were saying about V.P. Dick Cheney...
US News MIT and Harvard file a lawsuit against a Trump decision to bar foreign students from remaining in the US if they are only taking online classes. [Link] The California prison system moved prisoners with coronavirus to the San Quentin Prison. A third of the...
On FPF #506, I discuss Trump's obsession with helping the arms industry. The Pentagon announced that it plans to spend $135 million bailing out small arms makers, the Senate is trying to allocate $10 million for nuclear weapons testing, and the US will acquire the six...
George Floyd Protests Two Buffalo police officers were fired and charged with 2nd-degree assault for pushing a 75-year-old man to the ground. The rest of the Buffalo emergency response police team resigned from the team in protest of the officers being fired. [Link]...
From Bloomberg This is just April and just in New York. This will happen all over the country. My guess is that these lockdowns will end when state and local governments have to start letting people go and renegotiating pension contracts. "The Empire State collected...
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