San Francisco Fed: Don’t Expect Much From Those Tax Cuts
Looking for news you can trust?Subscribe to our free newsletters. Tax cuts and spending increases can help boost the economy during a recession. But what if the economy is already in good shape? Tim Mahedy and Daniel J. Wilson of the San Francisco Fed review the literature for us: A burgeoning economic literature has studied…
Trump Administration Will Not Meet Deadline for Reuniting Young Children
Yeni Gonzalez, a Guatemalan mother who was separated from her three children at the US-Mexico border, at a news conference in July in New York. Craig Ruttle/AP Looking for news you can trust?Subscribe to our free newsletters. The Trump administration confirmed on Monday that it will not meet the deadline set by a federal judge…
The UN Encourages Breastfeeding. Donald Trump Is Lying About It.
Ton Koene/VW Pics via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Last night I linked to a New York Times story about how the Trump administration bullied Ecuador into withdrawing its sponsorship of a UN resolution to encourage breastfeeding. Are you curious about what the resolution actually says? Sure you are!…
Trump Says the US Is Trying to Reunite Kids With Their Families
Yin Bogu/Xinhua via ZUMA Looking for news you can trust?Subscribe to our free newsletters. This morning, President Donald Trump tweeted that the United States is helping with efforts to reunite families whose children have been separated from them due to heart-wrenching circumstances beyond their control: The U.S. is working very closely with the Government of…
Breast Feeding? Not So Fast. The Tender Feelings of Infant Formula Makers Come First.
Ric Francis via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Ladies and gentlemen, I present to you the Trump administration: A resolution to encourage breast-feeding was expected to be approved quickly and easily by the hundreds of government delegates who gathered this spring in Geneva for the United Nations-affiliated World Health…
Market Manipulation Officially Doesn’t Exist Anymore
Richard B. Levine/Levine Roberts/Newscom via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Remember credit default swaps? Roughly speaking, they were designed as a way of turning a low-rated bond into a higher-rated bond. You’d buy, say, a BBB bond, plus insurance from a third-party against the possibility of default, and for…