By: David Smith We tend to spend a lot of time looking into the rearview mirror, especially when under duress. Connected to this is something psychologists call “recency bias.” This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in […]
U.S. initial jobless claims increase for first time since start of coronavirus pandemic
Is America’s labor market deteriorating? That’s the question on everyone’s mind on Thursday after the U.S. government reported the latest jobs numbers. Initial jobless claims came in at 1.42 million in the week ending July 18, worse than the market forecast of 1.3 million, reports the Department of Labor. This was the first weekly increase […]
LOL: Steven Mnuchin says administration wants ‘a stable dollar’
In one of the funniest remarks you will read today, the Treasury Secretary said that the administration wants a stable U.S. dollar. Ostensibly, this is achieved by printing more of it. Humph. Speaking an interview with CNBC, Steven Mnuchin noted that a major goal of President Donald Trump and the administration is a stable dollar. […]
South Korea to tax bitcoin, other virtual assets in 2021
South Korea will start to tax cryptocurrency. The government announced on Wednesday that income made from cryptocurrency will face a penalty of 20 percent. Under the details of the new legislation, income made from virtual assets below $2,000 will not be subjected to a penalty. But anything above $2,000 will immediately be hit with a […]
Hey, Portland progressives, Big Government is what you asked for
By: Jeff Deist Dear Portlandia progressives: a federal government big enough to take care of you is a federal government big enough to “take care of you.” Scary unidentifiable police, federal black sites, and procedureless snatching of individuals from the streets are the wholly predictable and natural consequences of the very policies you advocated for decades. […]