Economics

The Myth That the President and the Fed Direct the Stock Market 0
- Economics
- March 17, 2020
If you own stocks, you’re probably searching for explanations about the sudden bear market. The answers you find likely start with an event: what the Fed does, what President Trump does, or what the coronavirus does. For example, last week, news stories conflated a speech by President Trump with the market decline: “The president’s prime
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‘Going Big’: White House Says COVID-19 Relief Checks on Way to Americans 0
- Economics
- March 17, 2020
To stimulate a flagging economy amid the coronavirus pandemic, President Donald Trump said Tuesday that his administration is “going big” by sending out checks directly to Americans. During the daily briefing with the White House’s coronavirus task force, Treasury Secretary Steven Mnuchin said more details are coming, but suggested the amount of money in the checks
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Government COVID-19 Tests Were Awful, Now Private Labs Are Saving the Day 0
- Economics
- March 17, 2020
The World Health Organization has declared the coronavirus a global pandemic. As of Friday afternoon, there are 132,000 diagnosed cases of COVID-19 worldwide, and the global death toll has topped 5,000 people. The fast-spreading virus claimed 196 lives in Italy, on Tuesday alone. At this time, 90 percent of all cases are in four countries:
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Why ‘Medicare for All’ Isn’t the Right Prescription for a Pandemic 0
- Economics
- March 13, 2020
Is a pandemic, like other crises, a terrible thing to waste? For progressives, it looks like a golden opportunity to outlaw Americans’ private health insurance and create a single-payer system of national health insurance for every legal or illegal resident in every nook and cranny of the country. Take it from the irrepressible Rep. Alexandria
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Why New York’s Hand Sanitizer Stunt Won’t Work 0
- Economics
- March 11, 2020
As new cases of COVID-19 continue to be diagnosed in the U.S. and abroad, New York Governor Andrew Cuomo on Monday announced the state is prepared to introduce its own brand of hand sanitizer, free of charge, called NYS Clean hand sanitizer. At the press conference unveiling the brand, Cuomo remarked, “This is a superior
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Target’s Wage Floor Shows the Folly in Wage Fixation 0
- Economics
- March 10, 2020
Bonnie Furlong started working at Target in Harrisburg, Pennsylvania, more than seven years ago. Today, however, she’s making the same as new hires and less than she was before the Minneapolis-based retailer raised its wage floor to $13 an hour in June of last year. “The last time they raised it, they cut our hours,
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