Voice
A retired Congressional Budget Office economist — thirty-five years at the agency, rising to deputy director for macroeconomic analysis — who came out of retirement when she saw the scoring methodology she'd personally authored misrepresented by people who knew better. A Pittsburgh steelworker's daughter who watched the Homestead Works collapse take her father's pension, she covers tax and fiscal policy, the budget process, and financial regulation in a deadpan register that lets the receipts do the indicting.
Call it what it is: a legalized kickback. The financial press frames the first-day IPO "pop" as a market mystery, a happy accident for those who secure the allocation, and bad luck for the rest. The documentary record does not support the accident framing. University of Florida finance professor Jay Ritter's historical dataset, spanning nearly 9,300 U.S.-listed IPOs from 1980…
5 MIN READAsian markets aren't dipping; they're hemorrhaging. South Korea's KOSPI fell by almost 9 percent at one point, forcing a trading suspension. Japan's Nikkei surrendered 3 percent in a single session. The S&P 500 dropped 2.64 percent on Friday. A brutally strong US employment report just torched the rate-cut fantasy: the next move for borrowing costs is now aggressively upward.…
5 MIN READThe British government is letting organised crime launder £1 billion a year through High Street shops. Its answer is £10 million a year in new spending. That is a 100-to-1 mismatch—and it comes after two decades of deliberate cuts to the…
4 MIN READThe numbers are not in dispute. The Ministry of Finance intervened in the foreign-exchange market between April 28 and May 27, spending roughly $73 billion at current rates—the first intervention since 2024—to defend the yen. The yen, at…
3 MIN READJPMorgan, Citigroup, Wells Fargo, and Bank of America are weaponizing their deposit franchise to build a tokenized cartel and crush upstarts. The Clearing House, the bank consortium that co-owns the real-time payment system and Zelle, will…
4 MIN READTrump and his administration are utilizing federal levers to transfer wealth from working families to the billionaire class, calling this extraction fiscal discipline. The data are not ambiguous: since the start of the second Trump term, the American economy has fractured into a brutal bifurcation—a soaring stock market for the donor class masks the systematic hollowing out of…
5 MIN READThe billionaire class is looting the productive capacity of the American economy—and the economics profession is stealing the policy debate to protect that extraction. Here are the numbers. According to the Census Bureau, the income ratio between the 90th and 10th percentiles rose from 8.7 in 1976 to 12.6 in 2024. The wealth of the 400 richest Americans has grown by a factor…
8 MIN READThe Justice Department is prosecuting market skepticism as securities fraud. The conviction follows a three-week trial in the Central District of California where federal prosecutors presented a timeline of Andrew Left’s Citron Research…
4 MIN READTrump and his Trade Department are stealing from American consumers to mask their own procedural incompetence and calling it a stand against forced labor. The US Trade Department announced on June 2, 2026, that it would impose 10- to…
7 MIN READSenate Republicans are pushing a $72 billion reconciliation package that uses the procedural machinery of immigration enforcement as the chassis for a donor-class slush fund. The legislative vehicle is labeled as an ICE funding bill, but…
5 MIN READDonald Trump is pricing homebuyers out to fund a $3.4 trillion tax giveaway. The administration wants the public to believe the Federal Reserve holds the dial for mortgage rates. It does not. Long-term borrowing costs are set by the…
3 MIN READStatistics Canada reported a 0.1% annualized contraction in the January-to-March quarter. The Bank of Canada's internal forecast called for 1.5% expansion. The miss sits at 1.6 percentage points. Prime Minister Carney addressed the data in…
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Arm’s board is paying Rene Haas one billion dollars for stock-price movements he does not control. The shareholders who will fund the payout did not select him and cannot remove him. The documentation is in the SEC filing. The filing is…
5 MIN READBureau of Reclamation managers are looting hydropower revenue to fund unaccounted ecological compliance. The mechanics of the transfer are not complicated, and the cost is not theoretical. The Bureau’s proposed “cool mix flow” at Glen…
4 MIN READJohn Cornyn is paying for his dignity with his career, proving once again that in the modern Republican primary, there is no depth of self-abasement deep enough to satisfy a vengeful, absolute master. He spent his final year in the Senate…
3 MIN READHomeland Security Secretary Markwayne Mullin is weaponizing the federal travel apparatus to punish political dissent, and calling it border security is a deliberate lie. The proposal to withhold Customs and Border Protection officers from…
5 MIN READOn May 23, 2026, in the East Room of the White House, Kevin Warsh was sworn in as chair of the Federal Reserve by Supreme Court Justice Clarence Thomas. The ceremony broke with the decades-long tradition that the Fed chair takes the oath…
4 MIN READThe S&P 500 chalked up its eighth consecutive winning week on Friday, rising 0.4% to 7,473.47 and leaving the all-time high within easy reach. The Dow tagged 50,579.70; the Nasdaq coasted to 26,343.97. On cable television the anchors…
5 MIN READTreasury yields are rising because investors are doing their job, not because they are offering political advice to the White House—but the job they are doing is exposing the rot in the speculative growth narrative. When the 10-year…
5 MIN READCongress and the White House are looting the economy. The bond market has stopped financing it. The arithmetic is finally forcing a reckoning, and yet the media frames the crisis as “warning signals” from an invisible oracle that drag down…
7 MIN READTrump and Senate Republicans are stealing a billion dollars for a ballroom and calling it homeland security. The vehicle is an immigration-enforcement funding bill. The procedure is reconciliation—the budget maneuver that allows the Senate…
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