Will they or won’t they? That’s what markets are wondering after a disappointing United States jobs report in May. According to the CME Group FedWatch tool, the market thinks there’s a six percent chance of the Federal Reserve raising interest rates this month. The market also pegs a July rate hike at 37 percent. But […]
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Video: Bernie Sanders supporters like idea of laptops, iPads for all if they cast vote for him
If you cast a vote for Bernie Sanders in the California primary, you’ll receive a laptop or an iPad. Amazing, huh? Well, it’s not true at all, but his supporters believe it, according to a new video by media analyst Mark Dice. He recorded another man on the street video, in which he spoke to […]
Swiss voters overwhelmingly reject basic income guarantee (again)
If some people had their way, you would receive a monthly check just for living. This idea is gaining so much steam all over the world, which leads us to ask the question: is Switzerland the land of common sense? It appears so. On Sunday, Swiss voters overwhelmingly rejected a proposal to implement a guaranteed […]
Probability of U.S. recession in next 12 months hits a new high
Will a recession happen in the United States within the next 12 months? The risks of one unfolding has hit a new high amid May’s weak employment numbers, says one of the world’s largest financial institutions. According to JPMorgan’s Jesse Edgerton, the probability of a recession taking place between now and next June has jumped […]
Everyone Wants Profits — Including ‘Non-Profit’ Groups
By: Jonathan Newman What is a “non-profit” organization? Are they subject to economic calculation? What can economic theory tell us about their functions? With Hillary Clinton under fire for (among other scandals) using the Clinton Foundation as “a kind of globalist grift,” and with promising new lines of research into social entrepreneurship by Professor McCaffrey and […]