Venezuela is a terrible mess and is obviously looking for targets to blame. According to the Venezuelan central bank, the dolartoday.com website has pushed up the country’s triple-digit inflation lying about exchange-rate data to make the situation seem even worse than it is. Only a central bank could blame a website for monetary and price inflation that would not exist without central bank printing presses.
Yields could go even lower if more central banks opt for negative rate policies. In a report last month, Citigroup said that a handful of central banks are likely candidates to adopt negative rates in the next couple of years, with Israel almost guaranteed to go negative later this year.
Some readers were reluctant to buy this rationale, but the fact is, just because the bank intermediary failed to do its part for Main Street doesn’t thereby mean this entire experiment isn’t still a farce. Think about the mechanics of it: 1) the government prints a liability (a bond), 2) that liability is sold to a primary dealer, 3) the central bank buys that government liability with yet another liability (dollars) that the government also prints.
The Seeds of Destruction (Tiffany D.)
Economists (like me) take a wider perspective. We tend to focus on markets as aggregates rather than on individual firms. We also see government as an economic actor in its own right, providing public goods and other essentials that markets don’t because of externalities and market failure. We know the “logic” of government leads it to overreach, but most of us don’t imagine that we can live without it.
Theft is a persistent concern for Amazon, with warehouses full of small but valuable items and a workforce with high turnover and low pay. Workers interviewed for this story say the range of thefts posted on the screens is as varied as the company’s sprawling catalog: DVDs, an iPad, jewelry, a lighter, makeup, a microwave, phone cases, Pop Rocks, video games. Several recall a post about an employee fired for stealing a co-worker’s lunch.
While naturalizations generally rise during presidential election years, Mr. Trump provided an extra boost this year. He began his campaign in June describing Mexicans as drug-traffickers and rapists. His pledge to build a border wall and make Mexico pay for it has been a regular applause line. He has vowed to create a deportation force to expel the estimated 11 million immigrants here illegally, evoking mass roundups of the 1950s.
But where some observers have stressed the continuities with the 2008 nomination fight, others see the opposite: a role reversal. In this take, Clinton has inherited the coalition that vaulted Obama to the presidency. While black voters were a crucial source of support for Obama in 2008, they’re rallying behind Clinton this year in similarly impressive numbers. Geographically, Clinton’s 2016 support looks like the inverse of her 2008 performance. In 2008, she won New Hampshire and Oklahoma while losing Iowa, South Carolina, Virginia and much of the South; in 2016, she has done the precise opposite.
Coal provides about a third of Oregon’s electricity, but most of it is imported from Utah, Montana and Wyoming. The state only has one operating coal-fired power plant, the 36-year-old Boardman facility supplying about 550 megawatts, but it is due to shut down by 2020.
State Republicans criticized the bill as leading to higher electricity costs for households but Pacific Power, a large Oregon utility, answered that the move to renewables would only raise costs by less than 1 percent by 2030, the newspaper said. The other major utility in the state, Portland General Electric, also backed the deal.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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