Well, it’s tax time again. Tens of millions of Americans are getting ready to file their tax returns before the April 15 deadline, while millions more are requesting extensions (but you still have to pay the taxes by April 15). People grumble about income taxes, but most accept it as the price we pay to
Despite all of the happy talk from Larry Kudlow and other Trump administration officials, the data make it clear that the U.S. economy is slowing down. The U.S. economy had an outstanding performance in the second quarter of 2018 (4.2% annualized growth) immediately after the Trump tax cuts. But the performance since then has been
Investors have been speculating for years about the demise of the “petrodollar” deal struck by Henry Kissinger and William Simon in 1974. Now, according to this article, the Saudis themselves are confirming that they may be getting ready to push the dollar to one side when it comes to setting the price for oil. In 1974,
In 2017, we advised readers that Trump “owns” the Federal Reserve. This was not hyperbole; it was just simple math. There are seven seats on the Fed board of governors. The seven seats include a chair, a vice chair and five other governors. But two of the seats were vacant when Trump was elected.
FISA stands for the Foreign Intelligence Surveillance Act of 1978. That’s a law which allows electronic surveillance and other intelligence collections of information and communications “between foreign powers” and “agents of foreign powers” involving espionage or terrorism. The CIA is not allowed to conduct spying information inside the U.S., so that responsibility falls to the
