A Failed State

A Failed State

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Wildfires continue to burn in California: Overnight, the fires in and around Los Angeles continued to worsen. Five people have died, 2,000 structures have been destroyed, and 27,000 acres have been consumed so far. The Palisades fire is not yet under control, and 37,000 people have evacuated from that fire alone. But the Eaton fire and the Hurst fire also rage in Southern California, and a new one started overnight in the Hollywood Hills, which has since been […]

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‘Too Big to Fail’ Banks Sparked the 2008 Crisis…?

‘Too Big to Fail’ Banks Sparked the 2008 Crisis…?

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According to wallstreetonparade.com– It took eight years of research to compile a data set of annual balance sheets of more than 11,000 commercial banks dating back to 1870 in 17 advanced economies. And in every country, the study arrived at the same finding: concentrating the banking system in the hands of five or less giant banks leads to financial instability and more severe financial crises. The bank balance sheets of the following countries were examined: Australia, Belgium, Canada, Denmark, […]

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Instant Analysis of the TikTok Oral Argument

Instant Analysis of the TikTok Oral Argument

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A few moments ago, the Supreme Court wrapped oral argument in the TikTok case. It stretched nearly three hours, but could have easily been finished in one. I do not think the Court can settle this matter one way or another in the next nine days. There are simply too many issues. Let me start with perhaps the most relevant question asked at the end: Justice Alito asked whether the Court could grant an administrative stay, that did not […]

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