Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
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Trump administration to federal prisons: Increase home confinement for inmates to slow coronavirus spread
News Roundup 3/27/20
US News A record 3.3 million Americans filed for unemployment this week. The Department of Homeland Security is requesting an additional 1,500 soldiers to be deployed to the borders to prevent the spread of coronavirus. [Link] Trump signs a new law that calls for the...
The Deep State’s Demolition of Democracy
“Thank God for the Deep State,” declared former acting CIA chief John McLaughlin while appearing on a panel at the National Press Club last October. In 2018, the New York Times asserted that Trump’s use of the term “Deep State” and similar rhetoric “fanned fears that...
COVID-19’S Final Victim: The Corporate Press
It will be a couple years before we know the full story of the COVID-19 Crisis. But one thing is certain right now. When the dust settles, the corporate press better have been right on this one. They have gone all in with non-stop, wall-to-wall coverage of the...
No Bailouts
That adroit member of the British Parliament Enoch Powell once said that “the supreme function of statesmanship is to provide against preventable evils.” This duty, incumbent upon politicians endowed with wisdom, is made difficult because “by the very order of things...
3/23/20 David Stockman on the Mother of all Financial Bubbles
Scott talks to David Stockman about the fate of the economy after the coronavirus-induced shutdown and the multi-trillion dollar bailouts being undertaken by the U.S. government. Stockman is much more concerned about the economic ramifications than about the virus...
3/20/20 Scott Paul on Yemen’s Ongoing Humanitarian Crisis
Scott Paul discusses the looming cholera outbreak in Yemen as the country prepares for yet another rainy season. Thanks to U.S.-backed Saudi bombing of critical infrastructure, the people of Yemen lack the tools to fight cholera: basic nutrition and clean water. Paul...
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