WHITE HOUSE WATCH COMMENTARY: THE TRUTH ABOUT DR BRIGHT AND THE PRESIDENT
By Denny Gulino WASHINGTON (MaceNews) – When Jack Nicholson ad-libbed, “You can’t handle the truth” in that 1992 movie it became one of those phrases that assumed a life of its own, used long after in contexts far removed from the original plot. The Nicholson character’s truth proved to be irrelevant, part of a strident […]
BOE’S BAILEY REFUSES TO RULE OUT NEGATIVE UK INTEREST RATES IN MEDIUM TERM
By Laurie Laird LONDON (MaceNews) – Bank of England Governor Andrew Bailey surprised investors on Thursday, refusing to rule out negative interest rates in the U.K., even as he repeated his hopes of a robust economic recovery before year end. Answering a question about sub-zero rates posed by a Financial Times journalist at a web […]
BANK OF CANADA: FIN SYSTEM ‘RESILIENT,’ COPING W/ COVID-19, OIL SHOCKS
NEW YORK (MaceNews) – Canada’s financial system “remains resilient” in the face of Covid-19 and the oil price shock, with support from Bank of Canada policy, and strong private capital and liquidity buffers, even as the economic outlook remains uncertain, the bank said Thursday. “Strong policies have put a floor under the economy and laid […]
DATA FLASH: US INITIAL CLAIMS DIP; 36.5 MLN SINCE MID-MARCH
–Initial Claims Fall 195,000 to 2.981 Mln; Signs Backlogs Winding Down–Import Prices Fall 2.6% in April; Still Down 0.5% Excluding Fuels By Kevin Kastner WASHINGTON (MaceNews) – The rate of initial claims growth slowed further in the May 9 week as backlogs are worked down, but there is no indication that the number of people […]
WHITE HOUSE WATCH COMMENTARY: FIGHTERS, HATERS AND UNSUNG HEROES
By Denny Gulino WASHINGTON (MaceNews) – There is a basic problem in news coverage of the pandemic, the fact that the virus culture wars are much more interesting than the fight against the virus itself. When President Trump calls an answer from NIH’s Tony Fauci “unacceptable” as he did Wednesday, the president’s fans are cheering […]