Politics & Government

The Politics of Inflation

“Bankers Uneasy on Inflation” was the Wall St. Journal’s above the fold headline on Monday October 16, 2017 in its story summarizing recently concluded meetings of the International Monetary Fund and the World Bank in Washington D.C.  Wages and consumer prices in the US remain stubbornly stagnant after close to a decade now of aggressively low interest rates ostensibly intended ...

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Chinese Propaganda Movies Losing their Impact

Two propaganda films that were released in China this month did not foster the reactions that the Chinese Government had hoped for. Instead of inspiring Chinese pride and nationalism, one of the films, “The Founding of an Army” was mocked especially by the younger generation it was targeting. The film featured popular teen idols as revolutionary leaders. Hung Huang, a ...

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Top Candidates For Federal Reserve Chair Position And Their Views

President Trump is weighing his options for appointing a new Federal Reserve Chairman and this could be one of the most important appointments that he makes in his first year or his first term possibly. The Fed Chair is seen as the main policy maker when it comes to monetary issues. The way the Fed sways the economic environment is ...

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Senate Passes $4 Trillion Budget Plan

Senate Republicans passed a $4 trillion budget resolution Thursday night after a so-called “vote-a-rama” where amendments are considered in quick succession. The vote was 51-49, with Kentucky Senator Rand Paul the only Republican to vote against the plan. “Tonight we completed the first step toward replacing our broken tax code by passing a comprehensive, fiscally responsible budget that will help ...

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Which Companies and Industries Will Suffer If NAFTA Is Terminated

The North American Free Trade Agreement was signed between Canada, Mexico and the United States in 1994. The agreement was designed to eliminate almost all trade barriers between the three countries. For the most part, it has had its desired effect with trade between the three increasing significantly. For the United States, Canada is the leading country for American exports ...

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Trump Expected to Roll Back Obamacare Regulations by Exec Order

The Wall Street Journal has reported that the Trump administration is about to take another step to reform America’s healthcare system. President Donald Trump is expected to sign an executive order that will roll back some of Obama’s former healthcare rules in an effort to make plans more affordable. “The order is aimed at expanding insurance options for Americans who buy ...

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A Canary in the Underfunded Pension Coal Mine

In its purest form, hydrocarbon natural gas is composed primarily of methane, which is odorless and colorless. “Coal seam” natural gas is a natural byproduct of coal deposits. As recently as the 1980’s, coal miners would often bring canaries with them into the mines because canaries were known to be far more sensitive to air quality than humans. If the ...

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SPECIAL – Tribalism in the wake of Las Vegas

In a very dramatic and tragic way, the reaction to the shooting in Los Vegas may indicate whether America represents a culture or a collection of tribes.  The immediate answer on the scene suggests we are a strong culture, bonded together by a remarkable dedication to noble core values. The concert was a collection of some 23,000 people drawn from ...

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Supreme Court Revisits Labor Union Debate

There’s a good chance that public employees will no longer be forced to pay union dues. The Supreme Court has decided to hear Janus v. AFSCME – the latest in a series of free speech cases in which workers object to paying money to a union they do not support. The case challenges a decision upheld in 1977: that public-sector ...

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Trump Unveils Tax Reform Plan

President Trump’s long-awaited tax plan, revealed on Wednesday, would cut corporate rates and nearly double the standard deduction. The 9-page document is vague in some areas, leaving plenty of space for congressional tax-writing committees to work out the details as they craft legislation. Republicans are aiming for a tax overhaul that will simplify the tax code, reduce taxes on the ...

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