The internet is place of light, hope and community where people can engage with the rest of the world. It is also a dark pool of misinformation, lies and conspiracy theories where trolls and fraudsters spin their webs. Let’s take a (mercifully) shallow dive and see what’s bubbling to the surface. It doesn’t take long […]Read More
Financial and economic news can be confusing under the best of circumstances. But how different media platforms report on the complexities of banking, corporate earnings and regulatory actions can make those circumstances more difficult than they need to be. While economists and industry insiders know the lingo and are familiar with the issues, the general […]Read More
After another winter of legislative discontent made glorious summer travel season by a budgetary reprieve, Visit Florida is still in business. While not quite what the Bard of Avon had in mind in the opening monologue of “Richard III,” it is an apt metaphor for the Shakesperean journey of the state’s tourism development arm. The […]Read More
On March 10, Silicon Valley Bank collapsed, causing a disturbance in the financial force. A little over a month and a half later, the Federal Reserve Board released a report detailing the bank’s shortcomings, as well as its own. But instead of simply closing the barn door after the horses bolted, the Fed is making […]Read More
In a recent speech on Innovation and the Future of Finance, Federal Reserve Board Gov. Christopher Waller spoke eloquently about the role of innovation in society. And while he was focused primarily on the possibilities the blockchain and artificial intelligence bring to banking, he identified – perhaps unintentionally – a deeper issue regarding the limits […]Read More
If stories about artificial intelligence and cryptocurrency make you nervous or you’re worried that the robot apocalypse may be a real thing, you better skip Deloitte Insights Tech Trends 2023 report. While the look ahead doesn’t include an inevitable subjugation to our AI overlords, it does paint a picture of an increasingly tech-heavy – and […]Read More
If John Maynard Keynes is right and it’s possible to collectively spend our way out of a recession, then it also must be true that we can worry ourselves into one. And that just may be what is going on right now. A recession can be defined as a decrease in spending and income. Because […]Read More
Buried underneath the bigger headlines in the final days of the first quarter of 2023 was a nugget of good news about the economy. On Wall Street, the Dow Jones Industrial Average, the Nasdaq index and the S&P 500 all ended the quarter with a surge, adding confirmation to signs of an uptrend in the […]Read More
Whether we are in the midst of a temporary blip in the financial services industry or at the beginning of the Great Banking Crisis of 2023 is something for time and economic historians to decide. But if journalism is “the first rough draft of history” as Philip Graham said when he was president and publisher […]Read More
News of the collapse of Silicon Valley Bank and Signature Bank have some consumers concerned about their own money. And despite the federal government’s quick work to guarantee depositors’ accounts, the prospect of a banking crisis adds a few more black clouds on the economic horizon. When publicly traded companies have news to report, their […]Read More