America Starts Spring Broke

Update 424 — America Starts Spring Broke;Senate Set to OK Biggest Spending Bill Ever The COVID epidemic is far from over, as are its economic repercussions and the policy responses to them. Today, the US Senate will adopt a third relief package (stimulus would be mostly misnomer), this one bigger than any federal spending measure …

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Senate Poised to Vote Tonight on Largest Stimulus Bill in American History

Update 423 — Senate Poised to Vote Tonighton Largest Stimulus Bill in American History Befitting the worst economic and civic crisis confronting the nation in nearly a century, the GOP Senate leadership is preparing legislation in scope and scale that could spare vast material wreckage, or make it inevitable, or worse. What happens on the …

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Virus Stops Economy Cold

Update 422: Virus Stops Economy Cold;Congress in Search of Plan, Consensus Legislation to address the impact of the coronavirus is making its way through the Congressional mill. An initial $8 billion targeted relief package was enacted last week. This week, the House and Senate have taken a week to hammer out the finer points of …

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COVID Response in Congress

Update 421 — COVID Response in Congress Stimulus: What Works, How Much is Enough? The President’s churlish, sententious address to the nation on Wednesday night regarding his efforts to combat and contain the COVID-19 crisis inspired little confidence and precipitated the worst one-day drop in the capital markets in 33 years on Thursday.  Democrats in Congress …

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Late Boomers Lend Biden Latent Boost

Update 418 — Super Suburban Tuesday:Late Boomers Lend Biden Latent Boost Last night, over 11 million voters in 14 states selected their choice to face President Trump in the November election. Vice President Biden took ten states including Texas. Sen. Sanders won the other four primaries including California. Delegate numbers are still being determined, but …

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Amid Market Viral and Spiral

Update 417: Amid Market Viral and Spiral,A Survey of Business and Consumer Debt In the midst of the coronavirus panic, the Dow plummeted 1,191 points yesterday — the biggest single-day point drop in history. This past week, the S&P 500 dropped 12 percent, making this a full-blown market correction from nowhere in just six trading …

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Millennial Economic Challenge

Update 416 —Millennial Economic Challenge:Agenda to Redress Generational Imbalance  Never in the nation’s history have circumstances and public policy combined to produce an entire generation economically disadvantaged compared to — if not by — its immediate forebears. Those responsible did not intend this consequence, and many in fact have remorse and resolve.  From spending priorities …

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Something Completely Different — Bloomberg on Stage

Update 415: Something Completely Different:Bloomberg on Stage, Foil or Proxy for Trump? On the eve of the Nevada caucuses, the Democratic presidential process remains fluid, and it may be more so come Sunday, with Iowa and New Hampshire having less predictive value than usual for several reasons.  One of those reasons is the entry in …

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