The United States faces a public pension crisis. Even before the COVID-19 pandemic, state and local government retirement schemes were bleeding red ink and on the cusp of failure. The coronavirus further worsened the situation. According to a new study by the Wilshire Trust Universe Comparison Service, these pensions had their worst quarter since the […]
Archives for May 2020
Could Turkey be the first victim of the coronavirus pandemic?
By: Andrew Moran The Turkish lira recently cratered to a record low against the U.S. dollar as the nation faces the grim reality of a Coronavirus-induced financial crisis. A crumbling currency, a cratering economy, and a corrupt government – the country might be putting together the ingredients of an economic collapse and become the first emerging […]
Donald Trump tweets ‘benefits of negative interest rates’ to mitigate financial crisis
Will the Federal Reserve introduce negative interest rates? It is possible, but it will probably leave that policy tool until the next financial crisis. That has not stopped President Donald Trump from continually pushing the central bank to impose subzero rates. He recently tweeted: “As long as other countries are receiving the benefits of Negative […]
Huh? CNN’s Brian Stelter accuses conservatives of Russian obsession
For the last three years, the Counterfeit News Network has spent hours obsessing over Russia. Everything had to do about Russia. The cable news channel even had a segment suggesting President Vladimir Putin interfered in the 2016 election by using Pokemon Go. Well, now that it has been proven to be a hoax, conservatives are […]
The Democrats’ latest COVID-19 stimulus plan: Free money for all
By: Sarah Cowgill A socialist test-run in America is underway, complete with proposals for a universal basic income, or UBI, at least for the short term. Granted, the initial $2.2 trillion CARES Act is meant to ease the burden of the typical American taxpayer unable to make ends meet without unemployment insurance or a hefty savings account, […]