On a recent road trip to a family event, I did an experiment while listening to Bloomberg for six hours in both directions. The various hosts were all interested in the topic of “contagion” and whether or not their guests thought we were in an artificial intelligence bubble. One pretty young host lamented that work was more fun when the market is going up.
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In his Executive Order of January 21, 2025, President Donald Trump fulfilled one of his campaign promises by terminating the Biden administration’s diversity, equity, and inclusion (DEI) policies. He announced a new era of what he called merit-based opportunity (MBO).
The GSE have probably been told by the administration to buy up more mortgage debt to give the illusion that there is more demand for real estate than there really is.
Cuban hospitals are overwhelmed, pharma drugs are in short supply, and diagnostic tools are in short supply. The Cuban state is pretending nothing is wrong.
Hassett was thought to be a done deal, but Trump and his allies are now suggesting that Kevin Warsh is the frontrunner.
A common myth about American history is the one in which a handful of so-called “founding fathers” in the 1780s declared that America would create a “wall of separation” between religious institutions and government institutions. After that, the First Amendment to the US constitution was instrumental in ensuring that religious institutions would be totally separate from American political institutions. Or so the story goes.
