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It’s barely been a year since the 2023 bank crisis in which several large banks, including Silicon Valley Bank and Signature Bank, failed. At the time, I wrote that the bank failures weren’t over, and that there would be more. But it’s been quiet for most of the last year;
The barbarian chief of the Federal Trade Commission (FTC), Lina “Genghis” Khan, has some of the most bewildering priorities I’ve ever seen. The FTC is the federal government’s most prominent business regulator; yet she doesn’t seem the slightest bit concerned that US economic growth is coming to a screeching halt.
According to this morning’s dismal publication from the US Bureau of Economic Analysis, US GDP growth crashed to just 1.6%, while inflation keeps rising at a 3.4% rate. And ‘core’ inflation, which excludes food and energy, was up even higher at 3.7%! All of these numbers are much worse than
In 1972, while excavating to build a factory on the Black Sea coast of Bulgaria, a backhoe operator noticed gold objects glimmering in the bucket of his machine. The construction worker had accidentally discovered the Varna Necropolis. Dating back to around 4500 BC, the jewelry found in this ancient burial
Veronica Perez was skeptical when city workers found her under the Los Angeles highway overpass she called home. They presented her with an opportunity to move into a private room—a converted hotel room, part of a state initiative where some units were renovated at costs approaching $400,000 each. Before long,
Billionaire Peter Thiel has one. Former Google CEO Eric Schmidt has one. Actress Kirsten Dunst has one. Singer Ricky Martin has one. Frankly the list of American celebrities, billionaires, and famous business moguls who have second passports is incredibly lengthy… and those are just the ones that we know about.
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