Washington is loosening financial safeguards just as risks tied to artificial intelligence are mounting.
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Be afraid, be very afraid
Category Archives: economy
If it happens, it must be Biden’s fault
There?s an increasing chance that the economy will be in recession come the midterm elections this fall.
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Billionaires’ low taxes a problem for economy
From the Wall Street Journal: “The risk is that the U.S. economy becomes increasingly dependent on a narrow group of very rich households, whose spending is tied to the performance of the stock market. This could mean the entire economy pays a steep price in the next market correction. …
“Data from the Federal Reserve shows that only the richest 1% of households have grown their share of overall U.S. wealth since 1990. Their share hit a record 32% in the third quarter of 2025, equivalent to $54.8 trillion.
“Gains made by the billionaire class, the very top 0.1% of households and a subset of the 1%, have eclipsed the merely extremely rich. This group’s share of U.S. net wealth has risen nearly 6 percentage points to 14.4% since 1990.”
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We don’t need no stinking independent Federal Reserve!
Trump may have stopped threatening Jerome Powell?but he?s still got designs to control the Fed.
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Will AI create or destroy jobs?
Big companies are finally talking more specifically about the impact of artificial intelligence on their workforces.
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A small step in the right direction
Target joins other retailers trying to draw inflation-weary shoppers to stores. The chain says reductions have already been reflected in about 1,500 products.
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To those that have it shall be given
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Good news for the disabled
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“For they have sown the wind, and they shall reap the whirlwind.”
And the rest of the country shall suffer from the whirlwind they unleash in mid November when they shut down the government and possibly wreck the economy.
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Quo vadimus? Ad calamitatem?
A meeting between top debt ceiling negotiators from the White House and House Speaker Kevin McCarthy’s office ended Friday night, with neither side able to say when they’d again meet in-person.
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