Why is Israel a primary benefactor of United States foreign aid? Is Israel a proxy for US imperialism in the Middle East? Does American aid to Israel benefit constituencies other than the defense industry? The ongoing feud between Israel and Palestine has raised these questions to the forefront of public debate. Israel is the leading recipient of American foreign aid, despite its wealth.

Just when you thought every inflation related economic term was used up, CNBC headlines:

‘Funflation’ drives sporting event ticket prices up a whopping 25%

[The Domestic Revolution: How the Introduction of Coal into Victorian Homes Changed Everything, by Ruth Goodman, Liveright Publishing Corporation; 2020. xxi + 330 pp.]

The thirty-year mortgage, of all things, came under attack in a piece by Ben Casselman in the New York Times. The three-decade fixed rate loan is, of course, a creation of the government and adds constant fuel to the US housing market. The title of Casselman’s piece calls the most popular debt instrument for home purchases “weird,” “cushy,” and “old.” He blames low interest rate thirty-year fixed loans for the broken housing market.

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.

Dear Friend,

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.