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 Biden’s physician on Friday determined he was healthy and fit to execute the duties of the presidency following his annual physical the day before his 79th birthday.
The famous philosopher and mathematician Blaise Pascal once declared that “the only shame is to have none.” The problem with shame is it assumes a sense of guilt over one’s actions.
CVS Health Corp. announced Thursday that it will close 900 stores over the next three years, or about 10 percent of its locations in the United States, as it shifts to adding more primary-care offices at different sites.
