Commentary For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability? Economic stability refers to an absence of excessive fluctuation, so an economy with constant output growth and low and stable price inflation is likely to be regarded…
Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
Why the Fed Can’t Hike T-bill Rates and What That Really Means
Commentary It was very early in the morning, U.S. time, and the 4-week U.S. Treasury bill then being traded all over Asia suddenly captured a huge bid. At around 3:30 am EDT, May 11, the equivalent yield on this particular short-term instrument ticked lower and lower. Two hours later, around 5:30 am, the rate had…
Alberta Court of Appeal to Rule Whether Federal Assessment Law Is Unconstitutional
Alberta’s highest court is set to release a decision today on the province’s attempt to declare the federal government’s environmental assessment act unconstitutional. The Alberta government has called the Impact Assessment Act a “Trojan Horse” that attempts to invade provincial powers by a back door. The act, given royal assent in 2019, allows the federal…
New COVID-19 Vaccine Policy for Federal Workers Expected Wednesday
The federal government is planning to update its policy on mandatory COVID-19 vaccines for its workers on Wednesday. The Public Service Alliance of Canada has already filed a grievance against the existing policy which requires all federal public service members to be fully vaccinated even if they work at home. The government is obligated to…
Federal, Ontario Governments Invest $259M Each in GM for Oshawa, CAMI Facilities
The federal and Ontario governments are announcing investments of up to $259 million each in General Motors’ Oshawa, Ont., plant and its CAMI facility in Ingersoll, Ont. The government funding is part of a $2 billion GM investment that will help boost production in Oshawa and support the company’s first electric-vehicle production line. Electric commercial vans known as…
Five Democratic Governors Call for Feds to Suspend Gas Tax
March 9, 2022
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Democratseconomyfederalgas pricesMileage-Based User Fee; gas taxPennsylvaniaPolicies & ImpactsPoliticsRegional-Local NewsUSUS News
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In response to skyrocketing gas prices, five Democratic governors have sent a joint letter to Congress, urging lawmakers to pass the Gas Prices Relief Act, which would suspend the federal gas tax for the rest of 2022. Governors Tom Wolf of Pennsylvania, Gretchen Whitmer of Michigan, Jared Polis of Colorado, Michelle Lujan Grisham of New…
5 Democratic Governors Call for Feds to Suspend Gas Tax
March 9, 2022
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Democratseconomyfederalgas pricesMileage-Based User Fee; gas taxPennsylvaniaPolicies & ImpactsPoliticsRegional-Local NewsUSUS News
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In response to skyrocketing gas prices, five Democratic governors have sent a joint letter to Congress, urging lawmakers to approve the Gas Prices Relief Act, which would suspend the federal gas tax for the rest of 2022. Govs. Tom Wolf of Pennsylvania, Gretchen Whitmer of Michigan, Jared Polis of Colorado, Michelle Lujan Grisham of New…
The Fed, Money Supply and Stock Prices: Part 2
Commentary Previously, I explained how the Fed’s policy of buying and selling securities impacts interest rates and stock prices. The biggest change in purchases (or sales) in securities occurred from mid-2007 through mid-2008. Then, the Fed sold 40 percent of its holdings of securities. The move reduced this component of money back to 1999 levels….
The Fed, Money Supply, and Stock Prices
Commentary In 1977, I co-authored the book, “Winning With Money,” explaining the relationship between the money supply and stock prices. Our work confirmed that while money supply changes impact the economy, six-to-nine-months later, the lag is much shorter for stock prices. Understanding this relationship between money and stocks prices is essential for investing in stocks….
Sentencing Set for Josh Duggar in Federal Child Porn Case
February 16, 2022
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child pornCrime and IncidentsEntertainmentEntertainment NewsfederalJosh DuggarLocal NewsRegional-Local NewssentenceUSUS News
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FAYETTEVILLE, Ark.—A judge has set an April sentencing date for former reality TV star Josh Duggar, who was convicted last year of federal child pornography charges. Duggar—whose family was featured on TLC’s “19 Kids and Counting”—was convicted of one count each of receiving and possessing child pornography. He faces up to 20 years in prison…
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