It is fitting that Federal Reserve Board Chairman Jerome Powell gave his most recent remarks on inflation and the economic outlook in the resort town of Jackson Hole, Wyoming. While the location if the annual conference sponsored by the Federal Reserve Bank of Kansas City has been a fixture for monetary policy groupies for nearly […]Read More
In mathematics, an arbitrary number is one that is undetermined and is not assigned a specific value. But for economists at the Federal Reserve Board, there is an arbitrary number that has immense value: 2%. While for some 2% is the preferred content of fat in milk, at the Federal Open Market Committee, the central […]Read More
A piece of legislation is working its way through the U.S. Senate that aims to limit the power and influence of digital media platforms such as Facebook, Google and Amazon. And while most people might be surprised to learn that Senators Elizabeth Warren and Lindsay Graham are the co-sponsors of the Digital Consumer Protection Commission […]Read More
With Fed interest rate moves, stubborn inflation and the dark clouds of recession hanging over the economy, there hasn’t been much news about the world of cryptocurrencies lately. But don’t think the crypto bros and their fans have gone away. In fact, the industry has been in a celebratory mood lately, with its own awards […]Read More
While the Barbie movie and “Oppenheimer” are dominating the box office, here’s a pitch for another sure-to-be blockbuster: Researchers at a high-tech company have discovered a more efficient and automated method of designing computer chips using artificial intelligence, which the lab’s parent company said could improve its own specialized AI chip. Get a few A-list […]Read More
They say misery loves company, but what it really needs is more attention – especially from the media. Not the dictionary definition of a state of suffering and want or great unhappiness and emotional distress but the Misery Index — a measure of the economic distress felt by consumers due to the risk of (or […]Read More
Wonder of wonders, miracle of miracles, the banking system is safe and secure – from the Great Recession of 2008-09. That is more or less the Federal Reserve Board’s assessment after the latest round of stress tests were completed earlier this year. The central bank announced the results in late June and was clearly in […]Read More
Whether we like it or not, artificial intelligence is the future. But exactly what kind of future that will be is less clear. Proponents of the new technology hail it as the labor-saving device to end all labor-saving devices and AI companies are scrambling to find new ways to apply it to business, manufacturing and […]Read More
There are no such things as UFOs. However, there are unidentified anomalous phenomena – or UAPs – out there all the time. Just as the universe is expanding, so is the terminology for what we might see when we look, up in the sky and realize it’s not a bird or a plane. The UAP […]Read More
Enterprise Florida is no more. With the stroke of a pen, Gov. Ron DeSantis killed the public/private partnership economic development agency and moved its functions into a recreated Department of Commerce. The move was championed by House Speaker Paul Renner, who made it one of his top priorities when he took the gavel for the […]Read More