Paul Krugman can’t figure out why everybody is so bummed about the economy. From his perspective, we should all be jumping for joy, praising Joe Biden, and publicly signing fifty-year commitments to vote Democrat. Official statistics show that “unemployment is still near a 50-year low, yet inflation has been falling fast.” But the ignorant masses simply won’t get with the picture.
The Formula One Heineken Silver Las Vegas Grand Prix is on for next year and scheduled for November 21-23. This despite reporting from SFGate’s screaming headline, “Las Vegas’ biggest event in years was a disaster.” According to The Messenger’s Arash Markazi, “Tickets for Thursday’s practice sessions were selling for around $100 on Wednesday night and tickets for Friday’s qualifying were going for around $250 on the secondary market.
Nowhere are memories shorter than in finance and speculation. Yield farming is back in the crypto market, meaning the “ lending of cryptocurrency which gets you interest and sometimes fees, with the kicker being new cryptocurrency is paid on top of the interest. “The real payoff comes if that coin appreciates rapidly.
With the release of Ridley Scott’s new film Napoleon, viewers encounter a cinematic version of Napoleon caught up in a tumultuous romance against the backdrop of the upheavals of the Napoleonic wars.
This has revived interest in the French military commander and left many wondering what they are to make of the real, historical Napoleon. For many Americans in the audience—who, unlike Europeans, devote virtually no time to Napoleon in school—this may be the first time they’ve thought much about Napoleon at all.
Sixty years ago today, I was in Mrs. Isles’ fifth-grade class on Friday afternoon at Boothwyn Elementary School in Pennsylvania when we got the news: President John F. Kennedy had been assassinated in Dallas, Texas. They sent us home immediately and the next several days were consumed with the killing and its aftermath.
Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead determined by supply and demand. The consumer’s wants and needs are signaled through prices, which are in turn satisfied by the producers, who want to make a profit. Despite the success of this process, many still believe that government intervention is necessary to help the poor and to provide services that may not be available in the market.
