One of Janet Yellen's stated reasons behind the Fed's rate hike has been to reward savers with a slightly higher rate of interest on their deposits: after all, for nearly a decade the interest collected by depositors across US banks, with a few exceptions, has been 0.0% or thereabout.
From Nuisance to Threat: The High Cost of Truth
Paul Craig Roberts
When one gives so much scarce time and energy from one’s life to a large and unknown public, one needs to know that it is sufficiently appreciated to be a worthwhile use of one’s time and energy. This is especially the case when there are large costs associated with the commitment.
Your response to my quarterly request for donations showed me that enough of you value what I am doing to justify its continuation.
Update: echoing comments made by Senator Lindsey Graham, a South Carolina Republican who serves on the Senate Foreign Relations Committee, the top House Democrat said that the Trump budget proposal is "dead on arrival."
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Authored by Charles Hugh-Smith via OfTwoMinds blog,
A funny thing happened on the way to a low-risk environment: loans in default (non-performing loans) didn't suddenly become performing loans.
Judicial Watch are suing the Department of Justice to release all records detailing former Attorney General Loretta Lynch’s meeting with Bill Clinton in the midst of Hillary Clinton’s email investigation last June. The conservative watchdog said it was forced to file the suit after the DOJ failed to respond to a request disclosing all records and transcripts of the meeting between the two. Bill Clinton and Loretta Lynch both met onboard a private plane at Sky Harbor Airport in Phoenix in June 2016 during the FBI’s ongoing investigation of Hillary Clinton’s email server.