The following letter has made an impact on public health authorities not only in Belgium but around the world. The text could pertain to any case in which states locked down their citizens rather than allow people freedom and permit medical professionals to bear the primary job of disease mitigation. […]
It has been a shocking fall from grace for Exxon Mobil Corp. Just seven years in the past, Exxon was the most important U.S. firm by market capitalization. It has since misplaced roughly 60% of its worth, with its market cap now at round $160 billion, after the pandemic crushed […]
TPG, Apax load companies with loans, seizing on strong demand for high-yielding debt Private equity groups including TPG and Apax Partners are taking advantage of blockbuster demand for corporate debt by loading companies they own with fresh loans and using the cash to award themselves a bumper payday. So-called dividend […]
Scientific evidence reveals there has been no climate effect regards California’s wildfires! None! The data below proves it beyond all doubt. There is no denying that warmer temperatures can cause drier fuels and promote larger fires. But that fact is being misapplied to all wildfires. About 70% of California’s 2020 […]
You know who isn’t worried about a second wave of COVID-19? Sweden. The stolid Scandinavian kingdom has just carried out a record number of COVID-19 tests and found a positive rate of just 1.2%, the lowest since the start of the pandemic. As Sweden’s case rate drops below Norway’s and […]
When someone asks what the price of gold is, the answer depends on which gold market he means. In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up […]
Knowing how inorganic this recovery is makes it hard to be bullish on the loonie I get asked all the time why it is that data in Canada have been looking so good. Well, few other countries have turned on the monetary and fiscal spigots like Canada has. It’s an embarrassment […]
Green technologies that were known money-losers before the pandemic are still money-losers today There’s a curious idea floating around that the COVID crisis undid the principles of economics. Nobody puts it exactly like that, but it’s implied in the various proposals for restructuring the post-pandemic economy so that it will […]
All those in positions of political power, all governments, all kings, and all republican authorities have always looked askance at private property. There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible. […]
The Federal Reserve has potentially had the most memorable year in its more than a century–long history. What started out as a year of “Will they or won’t they cut interest rates?” blossomed into a time of slashing rates to near zero, unleashing unlimited quantitative easing, purchasing corporate and municipal […]