On Wednesday, Federal Reserve Chairman Jay Powell said that he is concerned about low inflation not only in the United States but also in other developed countries. Specifically, inflation for a significant time period [...]
“The high level of U.S. government debt is likely to mean that the U.S. economy is much more interest-rate sensitive than it has been historically.” Robert Kaplan, president of the Dallas Federal Reserve Robert [...]
I normally rewrite the material that I describe; however, in this case I have extracted much from Wikipedia because it accurately portrays the horrible abuse that was inflicted on the McMartin family. I find it [...]
I recently reread this classic and happily can report that I thoroughly enjoyed it. Halberstam made an interesting comment. When we think of the 50’s, we have an image of a black and white society [...]
"It always seems impossible until it’s done." -Nelson Mandela I recently heard a presentation on climate change and read a book “Life After Carbon” by Peter Plastrik and John Cleveland. Plastrik and Cleveland highlighted [...]
The anticipation that U.S. corporations will repurchase a record $940 billion of their stock has raised significant congressional criticism, particularly from Democratic presidential hopefuls, but also from Republican Sen. Marco Rubio of Florida. The [...]
I have just returned from a very exhilarating experience, the John Hopkins Cancer Symposium, sponsored by Erwin and Stephanie Greenberg. In brief, all of us would be elated to learn about the incredible breakthroughs [...]
This past Thursday, President Donald Trump gave an upbeat assessment of efforts to settle our trade dispute with China. Vice Premier Liu He promised China would buy more U.S. farm and energy products and [...]
President Harry S. Truman once quipped that he wanted a “one-handed” economist because all his economic advisers said, “on the one hand this, and the other hand that!” Alas, “Give ‘em Hell Harry” would [...]
In today’s Wall Street Journal, Ilan Berman wrote an editorial that frankly surprised me. In brief, Berman highlighted America’s concern that Israel’s growing political and economic relationship with China has sinister implications. Specifically, John [...]
On Thursday, the markets dropped precipitously for a variety of reasons, including Apple’s disappointing revenue projections, concerns over the Federal Reserve ‘s monetary policy, the U.S.-China trade impasse and weak U.S. manufacturing data. Stephen [...]
In the wake of the mass shootings this past week in Dayton, Ohio and El Paso, Texas, the New York Times reprinted an article (2017) that sought to explain the high numbers of mass shootings [...]
My father was educated in a one-room schoolhouse in Pearland, Texas. While certain deficiencies particularly in mathematics and foreign languages arose from such a rudimentary background, other excellent disciplines were instilled. In particular a strong [...]
The Strange Career of Jim Crow By C Vann Woodward The issue of race has always fascinated me. To understand the complexity of race relations, I read for the first time C. Vann Woodward’s pioneering [...]
The New York Times reported the appalling statistic: The police kill an average of 17 people every day in Brazil. Rogue officers are killing even more off duty For over a decade masked gunmen [...]
In looking at the Pew Research findings, one can understand why there is growing partisan divide. That is, there has been growing division in wealth between upper classes vs. middle and lower classes. Only the [...]
By Lynne Olson Personal Thoughts For me, the struggle against Fascism represented the clearest example of good versus evil. I would have loved to have actively participated on the side of those who favored [...]
By William Jacobson, Wall Street Journal Today’s Wall Street Journal printed an editorial by William Jacobson, a professor at Cornell Law School. Sadly, the behavior of both the student body and administrators of Oberlin were [...]
Ted Van Dyk, who has been active in Democratic National policy and politics for 40 years, wrote an excellent editorial for the Wall Street Journal. In brief, Van Dyk worries that despite President Trump’s [...]
On November 15th, the New York Times wrote an article Florida State Player Fled Crash but Got Only Traffic Ticket. The NYT investigative reporter found the following: On October 5th, the FSU starting cornerback [...]
As I have previously mentioned, I have thoroughly enjoyed the book The American Story by David Rubenstein. Doris Kearns Goodwin provided wonderful insights into Abraham Lincoln. She repeated a story about Tolstoy and Lincoln. Tolstoi [...]
I absolutely loved this book, Working. The author, Robert Caro, has devoted his life to writing biographies of two men, Robert Moses and Lyndon Johnson. Caro is fascinated by how men amass power in a [...]
By Benjamin Weiser and Denny Hakim (New York Times) Today’s New York Times revealed the systematic beatings and maltreatment of residents of a New York State run facility for Developmentally Disabled Residents. My fear is [...]
Cancer: What You Need to Know, by Stephen Rosenberg Introduction Dr. Stephen Rosenberg spoke at our CTAC 2019 event and wrote this very informative book that we help all of us cope with cancer. [...]
Because this book is so focused on a single, but pivotal year, I am hesitant to recommend it. That is, one has to be a committed World War II Buff to enjoy it. Richard Moe, [...]
On Wednesday, the Federal Reserve nudged up short-term interest rates to 2.25 to 2.5 percent, the ninth increase since December 2015. In recognition of slowing growth in China, Japan and Europe and of our [...]
The New York Times reported today that anti-Semitism and racial divide has split the women’s movement so badly that it undermines its effectiveness. Vanessa Wruble, a Jewish Brooklyn based activist, was pushed out of the [...]
I had not thought about homes and businesses not using energy until a good friend of mine sent me an article about his housing development that has an energy free environment. Today, there was an [...]
Several days ago, I had a wonderful opportunity: (1) I introduced Senator Lieberman before he addressed attendees at the American Israel Public Affairs Council (AIPAC) annual meeting in Sarasota and (2) spend a few minutes [...]
Over the past six weeks, U.S. crude oil prices have dropped from close to $75 a barrel to below $50, the lowest since October 2017. It is almost inconceivable that just a few weeks [...]
Last week, Amazon chose New York City and Northern Virginia as the locations for the company’s second and third headquarters. To attract Amazon, New York offered a package of nearly $3 billion, while Virginia [...]
In recent weeks, significant attention has been paid to the possibility of a stock market correction. By contrast, few have focused on the challenges developing in the corporate bond market. The bond market is [...]
The completion of the U.S.–Mexico-Canada Agreement (USMCA) alleviates the concerns of businesses and investors who for months worried about our trade relationships with Canada and Mexico. Investors seem generally relieved that important components of [...]
Ten years after the global financial crisis, the combined debt of sovereign governments, nonfinancial corporations and households has grown by $72 trillion to a total of $169 trillion, according to a briefing note from [...]
Our economy is robust but we need to remember that capitalism is inherently unstable and undergoes cycles of boom and bust. In 2008, our financial institutions were overleveraged and held too many toxic assets. [...]
Ten years ago, the Federal Housing Finance Agency seized Fannie Mae and Freddie Mac, placing them in conservatorship. The federal agency did this because the mortgage giants’ $5 trillion loan portfolios were in danger [...]
