Looks like Trump going to start a crypto exchange and a USD stable coin… 🤔.@WorldLibertyFi is helmed by @realdonaldtrump's sons, @EricTrump and @DonaldJTrumpJr and the 18-year-old Barron Trump is the project's "DeFi visionary.” https://t.co/PSKhQWyQKu— CoinDesk (@CoinDesk) September 13, 2024

This does not make sense. Between Fund payouts and Social Security, we were well below $100,000. After deductions and expenses (mortgage, property tax, donations, etc.) our income taxes were very small. We set a side 7% of our SS for taxes and we had plenty left over. We are not the poorest and definitely not the richest. If we follow Trumps suggestion, we will be favoring the very rich getting Social Security. The ones who can afford to pay....

More on Kroger push to merge Albertsons into its array of stores. This comes after Appollo Funds and Cerberus Capital Management have milked it for $billions. The $24.6 billion deal[1], largely benefiting Albertson’s private equity owner Cerberus Capital Management, is seen by many as a maneuver to maximize investor returns rather than to provide tangible benefits to consumers or workers. Appollo owns $1.75 billion in Albertson’s preferred stock....

When you read this, pay attention to who is funding who for the presidency. It is surprising and it is not surprising. We have heard this person who longs to be a president again and people still support this person? The energy companies backing are profit and control mongers. They see an opportunity and they are preparing for when and if Trump becomes President. Under a President Kamala Harris, they would still be profitable. They would also...

At https://www.c-span.org/video/?538053-1/simulcast-abc-news-presidential-debate under racism/racial identity @ ~120 mins. Donald J. Trump Per transcript: I DON’T KNOW. ALL I CAN SAY IS I READ WHERE SHE WAS NOT BLACK THAT SHE PUT OUT… I WILL SAY THAT. AND THEN I READ THAT SHE WAS A BLACK AND THAT IT’S OKAY PETE EITHER HOME IS OKAY WITH ME. THAT IS UP TO HER THAT IS UP TO HER. What he said: … I read where she was black . . . that she...

Die Schuldenbremse — muss das wirklich sein? Schulden abzubauen gilt als generationengerecht. Schließlich, so das Argument, reduziere das die Zinslast zukünftiger Generationen. Das klingt nachvollziehbar, in der Realität ist es aber etwas komplizierter. Weniger Schulden sind nicht gleichbedeutend mit einer geringeren Zinslast. Denn zum einen genießt der Bund zeitweise ein ganz besonderes Privileg: Er zahlt nicht für seine Schulden, sondern wird dafür...

[unable to retrieve full-text content]Michael Hudson and Richard Wolff critique the lack of substantive policy debate in the Trump-Harris exchange, noting that key issues like U.S.-China relations and the economic decline of the U.S. were largely ignored. Both highlight that the debate focused on personality over policy, avoiding critical topics such as de-industrialization, foreign policy in Ukraine, and the shifting global economic landscape. Hudson points out the bipartisan reluctance to...

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The imminent likelihood of a Fed rate cut has continued to drive rates down to new 12-month lows (which is good for things like mortgages in particular). Meanwhile consumer spending as measured weekly is also near 12 month highs, which is also very good. As usual, clicking over and reading will bring you up to the virtual moment as to all the categories of economic...

Teacher pay rises in 2023 by Sylvia Allegretto Economic Policy Institute Just offering up a portion of an EPI report on Teacher’s Earnings Public school teachers attaining a bachelor’s degree to teach in the U.S. do not make similar wages as what other similarly degreed people in other fields. There is a pay gap between the disciplines and gender. The EPI report compares the pay of public-school teachers with the pay of college graduates...

Dum och dummare i svensk nationalekonomi I Tidningen Näringslivet kunde vi för några år sedan läsa en intervju med ekonomiprofessor Daniel Waldenström, där denne gång på gång bagatelliserade den ökade inkomst- och förmögenhetsklyftan i Sverige under de senaste 40 åren. Enligt Waldenström har efter 00-talet ”inkomstskillnaderna faktiskt inte ökat särskilt mycket alls.” De som påpekar att ojämlikheten de facto ökat kraftigt även de senaste två decennierna,...