A complaint filed by Netzel argued that his termination was “the direct result” of him being an older white male, which is apparently “demographic the company specifically sought to reduce in managerial positions” like his own.
Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
President Joe Biden has picked Federal Reserve Chair Jerome Powell to serve a second four-year term at the helm of the central bank, while nominating Lael Brainard, the only Democrat on the Fed’s seven-member board, to serve as second-in-command at the Fed.
Yesterday, I was listening to a classical-music station when NPR came on with the news. Addressing the controversy surrounding former President Trump’s efforts to keep secret his records relating to the January 6 protests at the Capitol, the NPR reporter referred to the “deadly attack” on the Capitol.
A group of 19 Senate Republicans and 13 House Republicans helped Democrats and President Joe Biden pass their $1.2 trillion infrastructure bill that includes no federal funding for infrastructure, such as a border wall, to reduce illegal immigration to the United States.