President Biden's attempt to reassure Americans that the US banking sector is doing just fine had the opposite effect: banking stocks plunged after he spoke. Will his bailout-that-isn't-a-bailout shore up the economy or are we heading for 2008 on steroids? Also today,...
The agreement announced on Friday in Beijing regarding the normalisation of diplomatic relations between Saudi Arabia and Iran and the reopening of their embassies is a historic event. It goes way beyond an issue of Saudi-Iranian relations. China’s mediation signifies...
I often joke that I survived Washington because I had low expectations, but last week’s hearing of the House Weaponization of the Federal Government subcommittee would have tested the lowest of my low expectations. The purpose of the subcommittee is to look into the...