https://www.pilotonline.com/government/local/vp-nw-portsmouth-deputy-city-manager-lawsuit-20230202-a7yoqoft45ddzfepmzjxppcmoy-story.html I worked in Portsmouth, Va., 35 years ago as a journalist. Recently, they came up with the idea of distributing federal pandemic aid directly to citizens in the form of $500 Visa gift cards. $3 million worth of aid. So 6,000 gift cards. So basically like 6,000 $500 bills needed to be handled very […]
What could go wrong? Read More »
https://www.bloomberg.com/news/newsletters/2023-02-20/whats-happening-in-the-world-economy-could-the-fed-boost-its-key-rate-to-9?cmpid=BBD022023_NEF&utm_medium=email&utm_source=newsletter&utm_term=230220&utm_campaign=nef&sref=y5OnTMHX It is aggravating being a governor of the Federal Reserve. The only real lever you have to bring inflation down is monetary policy, and for a year, you have been jacking up interest rates, and inflation is still coming down very slowly and the consumer and the economy are running full tilt. Now if
The Fed’s frustration Read More »
https://www.bloomberg.com/news/articles/2023-02-17/explainer-china-s-top-tech-banker-is-missing-here-s-what-that-means?sref=y5OnTMHX In American 10-K’s, US companies have to disclose risks, include many that are somewhat farfetched. I have never read an American 10-K risk section that said “Our CEO may do something to irritate the government and be whisked away and not seen for a while.” This is a problem for China. If you are
The risk section of Chinese 10-Ks Read More »