New Unemployment Claims Fall Below One Million for First Time Since March
The U.S. Labor Department reported on Thursday that 963,000 workers filed for unemployment benefits last week.
Economy & Business
Trump Floats Capping Capital Gains Tax at 15 Percent if Reelected
“If Biden gets in, the market will crash,” Trump said.
U.S. Companies Push for Leniency in Trump’s Ban of Chinese App WeChat
Trump ordered the Commerce Department earlier this month to draw up a plan to ban WeChat within 45 days.
National Lockdown Aspirations: A Bridge Too Far Even for the Fed
When Fed officials make policy pronouncements on non-financial matters on which they have no expertise or authority, everyone loses.
The Future of Work Arrived Way Too Early
For many American workers, the pandemic has been a disaster. For public policy, it has been attention-focusing.
Hanke’s World Inflation Update
Purchasing power parity provides a more accurate measure of inflation than other widely used estimates.
Video
Amazon Wants to Convert JCPenney and Sears into Distribution Centers
The Wall Street Journal reports this move could position Amazon to build out its order capacity amid the pandemic.
‘Stakeholder Capitalism’: Roundtable for One
The Business Roundtable's ‘Statement on the Purpose of a Corporation’ basically rejected the quaint idea that a company’s primary duty was to its owners (the shareholders) and replaced it with ...
Fiddling with the Fed
Narayana Kocherlakota argues that Fed policy would have been better for everyone over the last few decades, and especially the last decade, if it had put weight on reducing the ...
What Makes a Car American?
God bless the American automobile.
Does Reopening Change Behavior More Than Locking Down Does?
Lockdowns had little impact right when they went into effect, the data suggests they did have an impact later.