What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
The Latest
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Amtrak said that all long-distance passenger trains will not run because freight rail workers are planning to go on strike soon.
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The man who started Patagonia has given his business to Planet Earth.
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On Wednesday, Florida Governor Ron DeSantis kept his promise to send illegal immigrants to progressive states by sending two full planes of migrants to Martha's Vineyard.
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No justice! Nothing!
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According to court documents, Hunter Biden wants to get his child support payments for his 4-year-old love child lowered by saying that his 'financial circumstances' have changed in a big way.
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The first duty in life is to be as artificial as possible. What the second duty is no one has as yet discovered. ~Oscar Wilde
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The Bureau of Labor Statistics of the U.S. government released new data on price inflation today, and it wasn't good. Before taking into account seasonal changes, the Consumer Price Index (CPI) showed that inflation rose 8.3% year over year in August, according to the BLS. That's the seventeenth month in a row that inflation has been higher than the Fed's arbitrary target of 2%. It's also the sixth month in a row that prices have gone up by more than 8%.
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Bob Iger, who used to be CEO of Disney, will join a venture capital firm run by Jared Kushner's brother. He will give advice on the company's possible investments and help startup founders.
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A senior fellow at Harvard Business School says that Mark Zuckerberg is a bad leader who has surrounded himself with sycophants and fallen into the trap of 'chasing money' and 'being the wealthiest guy around.'
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Thousands of professors and students signed a petition in support of a Carnegie Mellon University professor who wished Queen Elizabeth a 'excruciating' death just hours before she died last week.