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Archive of Articles in the "Economics" Category

Friday Talking Points -- Convicted Felon Donald Trump

[ Posted Friday, May 31st, 2024 – 17:03 UTC ]

For a while, Donald Trump was known as "President Trump." Then he became (depending on your editorial whim) the "former president" or "ex-president." But the only valid title he really could claim after leaving office (former titles being no more than diplomatic politeness, really) was what one judge called him while turning down one of his numerous appeals: "Citizen Trump." Or, as the judge and the prosecution referred to him throughout his first criminal trial in New York City, merely: "Mister Trump."

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Friday Talking Points -- Run It Up The Flagpole

[ Posted Friday, May 24th, 2024 – 17:58 UTC ]

It is supposed to be a metaphor, of course. It's supposed to be said when a person or company is about to try out a new idea or product: "Let's run it up the flagpole and see who salutes." In other words: "Let's try it out and see how it goes -- it might wind up being popular." But this week the saying sprang to mind in a much more literal fashion, since Supreme Court Justice Samuel Alito already knew who was going to salute the two very real insurrectionist-themed flags that got run up the flagpoles in front of both his house and his vacation home. Flying them after the January 6th attack on the U.S. Capitol signified support for those who had besieged the building, plain and simple. It was a rather treasonous thing to do, when you get right down to it. Which Alito fully knew (or should have, at any rate).

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Nobody Likes The Ticketmaster Monopoly

[ Posted Thursday, May 23rd, 2024 – 16:35 UTC ]

It has become increasingly hard in our politically divided country to find any one single issue that pretty much everybody agrees with. The Biden administration just found one, though -- one that will resonate with football fans, hockey fans, basketball fans, country and western fans, rap fans, blues fans, rock-n-roll fans, and fans of almost every other type of music, sports, or pretty much any large performance of any type. And that's even before you add in the considerable power of the Taylor Swift fans. All of the people who enjoy all of these performances and sporting events have one thing in common no matter what their politics may be -- because nobody likes getting forcibly and brutally ripped off for ticket prices. Nobody. So the news today that the Biden administration and 30 individual states have filed suit against Ticketmaster/Live Nation for being a monopoly will be hailed as good news by pretty much everybody who doesn't directly earn their paycheck from the conglomerate.

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Friday Talking Points -- Hannibal Lecter Makes A Campaign Appearance

[ Posted Friday, May 17th, 2024 – 18:17 UTC ]

Presidential debate announcements, Michael Cohen testifying, and The Jerry Springer Show breaking out in a House committee -- it's been an eventful political week all around, folks!

But we have to begin today with a very sobering piece of data, just to put everything in some perspective. We (rather obviously) personally live and breathe the political scene, and it is a fair assumption that anyone who regularly reads this column all the way to the end (a weekly marathon, 'tis true...) is also pretty plugged in to the follies of the everyday political landscape as well. We all pay attention, in other words. Not just to the large and meaningful events, but also to the small and amusing. But it cannot be repeated enough: this is not exactly normal. Most Americans just don't pay all that much attention to politics. Like, at all.

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New Schedule III Marijuana Rule Submitted

[ Posted Thursday, May 16th, 2024 – 16:07 UTC ]

Today saw a historic step taken on the road to finally ending the federal War On Weed. The Biden administration has now submitted a new federal rule on marijuana classification to the Federal Register, which will kick off a 60-day public commentary period. The new rule won't take effect for a while, in other words, but the clock has begun ticking at least.

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Watching Maryland

[ Posted Tuesday, May 14th, 2024 – 15:39 UTC ]

Today my eyes have turned towards Maryland, and not just to watch the video clips of the explosive demolition of part of the Francis Scott Key Bridge (which was indeed fascinating to see). The plans to fully reopen the port seem to be moving forward on schedule, which is doubtlessly some very welcome news for both the city and the whole state. But tonight I'll be watching Maryland for a different reason, since they are holding their primary election today.

The big race worth watching here is who will win the Democratic primary for an open Senate seat. The Republican primary became a foregone conclusion with the entry of the state's former governor, Larry Hogan. Which Democrat will face him could be crucial to control of the Senate this November, though.

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Michael Cohen Takes The Stand

[ Posted Monday, May 13th, 2024 – 16:50 UTC ]

Today was probably the key day of the prosecution's testimony in the trial of Donald Trump. Michael Cohen, Trump's former "fixer," became the prosecution's star witness as he took the stand, since he is the one who can best tie together all the threads of the case introduced so far. Tomorrow will continue to be key, as the prosecution is likely to finish their direct questions and the defense will begin Cohen's cross-examination. The entire case could very well hinge on how the jury reacts to his testimony these two days, and whether or not they find him believable.

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Friday Talking Points -- Not Unlike Mr. Trump

[ Posted Friday, May 10th, 2024 – 17:40 UTC ]

You'll have to forgive us, but nobody really has any experience with this sort of thing -- an adult film actress/director testifying under oath in a criminal trial about a sexual encounter with a man who would go on to become president. Even Bill Clinton's got to be shaking his head in disbelief somewhere, one assumes.

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The Split-Screen That Wasn't

[ Posted Thursday, May 9th, 2024 – 16:21 UTC ]

What we should all really be seeing, at this point, is a drawn-out split-screen moment. Call it a "split-screen couple of weeks," maybe. However, this hasn't really been the case, for two reasons. The first is that cameras are not allowed inside the courtroom of the first criminal trial of an ex-president in American history. So even following the trial at home is a once-removed experience: following along with the New York Times liveblog (who seems to have the most comprehensive coverage of all the newsfeeds I have sampled) as they document each development in the case, whether monumental or simply mundane. Snippets of what is going on in the courtroom appear all day long, from the jousting of the lawyers and the witnesses to the reactions of the judge and jury to whether Donald Trump seems to have fallen asleep again or not. Fascinating stuff, but not exactly the same as it would have been on live television.

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Greene Backs Down

[ Posted Tuesday, May 7th, 2024 – 16:15 UTC ]

And so Representative Marjorie Taylor Greene's doomed attempt to take down yet another Republican House speaker appears to have ended with a whimper, not a bang. After meeting with Speaker Mike Johnson twice (both yesterday and today), she appears to have backed off -- at least for the foreseeable future. With Greene, you never really know what she'll do next, but at least for the time being she appears to have been talked out of forcing her "motion to vacate the chair" onto the House floor this week.

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