The Hill reports today that the Vermont Senate has voted to approve the legalization of recreation marijuana for users over 21 years of age.
With its passage in the Senate, the law proceeds to the governor’s desk where he is expected to sign.
A decade ago, Ian Bremmer, president of Eurasia Group, launched one of the geopolitical world’s greatest marketing coups: an annual list of key global risks.
2018 version is finely balanced to generate maximum interest among the consultancy’s global banking, defence and government sector clients. China, Russia, North Korea and Iran all figure highly, as do terrorism, Islamic- and cyber- threats.
It’s interesting how often the most memorable and thought-provoking parts of a given discussion are to be found in the tangents away from it.
The Tax Cuts and Jobs Act (TCJA) signed into law on December 22, 2017 promises no relief from one big tax on income — the inflation tax. Quite the contrary, there are strong grounds to expect this burden to increase as new and unannounced methods of collection evolve further.
A day after Bill Gross called bonds a bear market, reports are out that the Chinese government is considering slowing our halting US Treasury purchases.
Few people outside New York City noticed that Bill de Blasio was sworn in for a second term as mayor of the Big Apple, as the Usual Luminaries did not show up for the occasion. However low-key the ceremony might have been on that freezing January day, it was significant one thing: the political leadership of New York once again is looking to unabashed socialism as the guiding light (or, perhaps more appropriate, darkness) for the city’s future.
Axios is reporting today on commentary from Deutsche Bank economist Torsten Slok in which Slok concludes that Americans now have a smaller net worth than they did in 1989:
