For prosperity, the invisible hand works better than an iron (or any other kind of) fist Hard times make strong people, the saying goes, but it didn’t work out that way for the Brits. Victorious but beaten to within a hair of its life from six years of war with Hitler, […]
The price of oil turned negative on Monday for the first time in history. Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the […]
Oil did something Monday that made even market veterans shake their heads in wonder — the thinly traded, soon-to-expire May contract for West Texas Intermediate crude on the New York Mercantile Exchange traded, and closed, in negative territory. “I’m not sure how to react to that other than say that nobody, whether […]
Government policies need to encourage capital investment, aim for fiscal balance and liberate the private sector from uncompetitive taxes and red tape At this moment of national peril, those with an ideological agenda are plotting the permanent expansion of government at the expense of personal freedom and economic opportunity. Some are […]
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than this collapse NEW YORK — U.S. crude oil futures turned negative on Monday for the first time in history, ending the day at a stunning minus US$37.63 a barrel as traders sold […]
OPEC deal to cut production fails to offset even greater plunge in demand for fuel Oil prices plunged on Monday as traders got caught in a desperate race to offload contracts for just about any price they could get. The price of a contract to deliver West Texas Intermediate crude oil […]
Sweden’s unusual approach to fighting the coronavirus pandemic is starting to yield results, according to the country’s top epidemiologist. Anders Tegnell, the architect behind Sweden’s relatively relaxed response to Covid-19, told local media the latest figures on infection rates and fatalities indicate the situation is starting to stabilize. “We’re on […]
Link to the original story by Kim McDermott ’87 Army Hockey Head coach Brian Riley wears two steel bracelets, one on each wrist. They bear the names of two graduates who have left an indelible mark on Riley. Leaving legacies to the program, and to the nation, were Major Thomas […]
Turn the key and the economy will restart. That’s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic. That’s not going to happen. We’re not going back to normal. In fact, things weren’t “normal” before […]
Central bank holds rate and will start buying up to $50 billion in provincial debt, and up to $10 billion of corporate bonds The International Monetary Fund earlier this week observed that forecasting accurately during the coronavirus crisis is an extremely uncertain undertaking, but it still published an outlook that […]