Introduction I was not made aware of the internment of about 112,000 persons of Japanese ancestry who lived on the U.S. mainland, mostly along the Pacific Coast, until about 20 years ago. About two-thirds [...]
Originally published in January 2003 This past week three of members of Easy Company, 506th Parachute Infantry Regiment, 101st Airborne Division, U. S. Army spent significant time with the fixed income department of Lazard [...]
School District Offers Classes Separated by Race by Sara Randazzo and Douglas Belkin A November 26 Wall Street Journal article highlighted a very troubling development. The Evanston, Illinois School District, in an attempt to [...]
I thoroughly enjoyed listening to this book. David Rubenstein, who has enjoyed a remarkable career, interviewed leading historians. For the most part, these historians discussed the subjects of their biographies. While one can read this [...]
An August 13 New York Times article, “Growing Segregation by Sex in Israel,” highlighted the culture war that has sharply divided Israel’s secular majority and the politically powerful minority of ultra-Orthodox Jews, who frown on [...]
Introduction I received a BA from the University of Texas (Austin), a MA from the University of Michigan (Ann Arbor), and an MBA from the University of Michigan (Ann Arbor). My tuition at the University [...]
As I sit down to write my final column for the Sarasota Herald-Tribune after 15 years as a guest columnist, I find myself filled with a mix of emotions. First and foremost, I want [...]
As I sit down to write my final article for the Sarasota Herald Tribune after 15 years as a guest columnist, I find myself filled with a mix of emotions. First and foremost, I want [...]
The U.S. economy is entering the second half of 2023 much stronger than anticipated. The American economy is benefitting from broad-based momentum despite rising interest rates. For more than a year, there have been [...]
On June 22, 2023, President Biden showered Indian Prime Minister Narendi Modi with expansive flattery during a lavish state dinner. He sought to draw India closer at a time when the United States is in [...]
The Federal Reserve currently has two major challenges — fighting inflation and averting a credit crunch. Raghuram Rajan, the former governor of the Reserve Bank of India, summarized the problem: “They (the Federal Reserve) are between a [...]
Introduction Allsyia Finley, writing for the Wall Street Journal, exposed several disturbing issues: (1) While we do not know the percentage of people taking the covid vaccine that have suffered very serious negative consequences, [...]
The COVID-19 pandemic has profoundly impacted our lives. The entire ecosystem collapsed during the early months of the pandemic as office workers shifted to working from home. The office market has been slow to [...]
Shoplifting is an alarmingly common crime. The National Retail Federation estimates that retail shrink, which includes theft but also problems leading to inventory being lost or recorded inaccurately, was roughly $95 billion in 2021. Dean Rosenblum, [...]
On May 1, Treasury Secretary Janet Yellen warned in a letter to House Speaker Kevin McCarthy that the U.S. may run out of measures to pay its debt obligations by June 1. A potential [...]
On April 19, the United Nations projected that India’s population growth will surpass that of China by the middle of 2023. India’s population, driven by a combination of high fertility rates and improved health care and [...]
On April 11, the International Monetary Fund (IMF) warned that its economic outlook for 2023 has been lowered. IMF Managing Director Kristina Georgieva cautioned that global growth is set for the weakest near-term expansion since 1990. The [...]
On March 4, the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) reported that there were nearly 9.9 million job openings in February. This is a reduction from January’s downwardly revised 10.6 [...]
The role of the Federal Reserve is to create a safer and more stable monetary and financial system. Unfortunately, our central bank faces enormous challenges. We have not broken the back of inflation and the [...]
The sudden collapse of Silicon Valley Bank (SVB) — the nation’s 16th largest bank — and Signature Bank have changed the financial landscape. Stephen Solaka, managing partner at Belmont Capital Group, wrote, “Sentiment went very quickly [...]
Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. --by Hannah Dreier The New York Times uncovered that an overwhelming number of migrant children are ending up in very dangerous jobs. Largely [...]
On Jan. 19, the United States hit its “debt ceiling,” which is currently capped at $31.4 trillion. The “debt ceiling” refers to a statutory limit on how much the U.S. can borrow. To prevent a default, [...]
On Feb. 14, the Labor Department reported that the Consumer Price Index increased by 6.4% over the past year. This represents the seventh straight month of declines. CPI measures a broad basket of goods and [...]
On Feb. 3, the Labor Department reported surprisingly strong employment numbers. The economy added a robust 517,000 nonfarm jobs, and the unemployment rate fell to 3.4%, a 53-year low. Analysts were surprised. They had expected job [...]
Last week the U.S. reached its borrowing limit of $31.4 trillion. The debt limit is the maximum amount of debt that the Treasury Department can issue. Given that the federal government runs large budget [...]
The National Bureau of Statistics recently reported that China’s population declined in 2022 by approximately one million people to 1.412 billion. This represents the first decline since 1961, the last year of China’s Great Famine. United Nation experts estimate [...]
The Wall Street Journal in an article “Negative-Yield Bonds Approach Final Days” highlighted that the outstanding amount of negative-yielding debt has almost declined toward zero. According to the Bloomberg index, it now stands at $254 billion, [...]
On Dec. 4, The New York Times in an article “Worsening Debt in Poor Nations Threatens Crisis” highlighted the catastrophic debt crisis of developing nations. The Times pointed out that “rapid inflation, slowing growth, rising interest [...]
“I think the reality is that college athletics has become a profit maximizing endeavor for athletics administrators and coaches. And pretty much every else is left kind of holding the bag.” -Jack Kroll, a board [...]
On Nov. 15, the United Nations estimated that the global population had reached 8 billion people. Marie-Francesca Spatolisano, the U.N. assistant secretary-general for Policy Coordination and Inter-Agency Affairs, said at a news conference in July, [...]
“When systems fail, whether it’s the government or the markets or anything else, leaders often look for someone to blame. Jews have historically played that role.” --Jonathan Greenblatt, Chief Executive of the Anti-Defamation League Today’s [...]
On Oct. 13, the Labor Department released data that showed the consumer price index rose 8.2% in September. Over the past year, the core inflation index, which excludes food and energy, increased 6.6%, the highest level since [...]
The Treasury Department released data on Oct. 4 that showed America’s national debt exceeded $31 trillion for the first time. Our outstanding debt raises major fiscal concerns because low interest costs to fund the debt are [...]
As the world’s most important currency, the U.S. dollar frequently appreciates during times of turmoil. The dollar has appreciated significantly for several reasons: (1) The Federal Reserve has raised interest rates in order to bring down the [...]
On Sept. 13, the Labor Department reported that the Consumer Price Index (CPI) rose 8.3% in August over the past 12 months. The core CPI, which excludes energy and food prices, increased 6.3% from the previous year. [...]
On Sept. 8, the European Central Bank (ECB) increased its interest rates by 75 basis points, the largest ever. ECB revised up its inflation expectations to an average of 8.1% in 2022. The bank indicated that they “expect [...]
