Speaker Boehner Readies Final Sellout As Debt Ceiling Debacle Looms

It’s campaign season, and that means non-stop media coverage of candidate polls, quips, gaffes, tweets, emails, controversies, lies, and scandals. It all makes for a good soap opera. Unfortunately, it’s almost all irrelevant in the big picture. The media prefer to focus on the sideshow rather than the 800-pound gorilla in the room: the looming … Read more

Why Are “Bank Holidays” Always Announced on Sunday?

On Sunday, June 29, the Associated Press ran the following headline: “Greek Banks will not open Monday.” After a lengthy cabinet session, it was decided that Greek banks would remain closed for 6 working days, along with restrictions on cash withdrawals. In addition, financial sector officials confirmed the Athens Stock Exchange would not open the … Read more