Commentary Bank runs, as they say, have a way of spiraling. The first two bank failures, those of Silvergate Bank and Silicon Valley Bank (SVB), were the results of idiosyncratic circumstances at those two entities. Or so the analysts say. But when New York-based Signature Bank was also taken over by regulators on March 12,…
Is Your Bank Safe Now?
Commentary One week ago Sunday, the Federal Reserve Board, alongside the FDIC and the U.S. Treasury, announced plans—in the wake of the failure of Silicon Valley Bank (SVB)—to provide liquidity to U.S. banks in an attempt to “bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and…
A 4-Day Work Week Sounds Great, But What’s the Cost?
Commentary There is no such thing as a free lunch. So goes the saying. Someone always has to pay. The question is only—who and when? This is a truism based on our experience as a society over millennia of generations. Similarly, there is no such thing as a four-day week with no diminution in income…
‘Persecution, Not Prosecution’–Ramaswamy Calls on DeSantis and Haley to Join Him in Condemning Trump Indictment
Commentary CHARLESTON, SC—The afternoon of March 18, only hours after rumors of Donald Trump’s possible indictment by Manhattan district attorney Alvin Bragg in the Stormy Daniels affair went flying around the internet, insurgent presidential candidate entrepreneur Vivek Ramaswamy called upon two other fellow candidates, announced Nikki Haley and presumed Ron DeSantis, to join him in…
A Mismanaged Silicon Valley Bank Failure Has Grave Consequences
Commentary This was undoubtedly the week that was. Silicon Valley Bank’s (SVB) failure sent the markets into the worst turmoil since the 2008 financial crisis. And, as I write this Friday morning, St. Patrick’s Day, there are “little fires everywhere” in regional banks that have unsettled markets. Most of them could have been avoided. What…
‘Not QE’ as Fed Trapped Between a ‘Rock and a Hard Place’
Commentary “QE” or Quantitative Easing has been the bull’s siren song for the last decade, but will “Not QE” be the same? Last week, amid a rash of bank insolvencies, government agencies took action to stem a potential banking crisis. The Federal Deposit Insurance Corporation (FDIC), the Treasury, and the Fed issued a Bank Term…
Century-Old Law Leaves US Government in Losing Position Against CCP’s Propaganda War
Commentary In 2021, the Department of Justice (DOJ) demanded that the Chinese language Sing Tao News Corporation register as a foreign agent. But the efforts from the U.S. government have done little to stop the media group from helping the Chinese regime’s propaganda efforts in the United States. Sing Tao Daily is the oldest and…
From Culture Shock to Biting the Feeding Hand
Last week I talked about the horrific experience of using the public toilet at the Ming Tombs in Beijing back in my school days. This culture shock is still vivid in my mind thirty years later. However, this was not my first China shock. My first was in 1978, during a family trip to Guangzhou…
Apocalypse Now? John Rich, Tom MacDonald, and David Horowitz Sing the Same Song Brilliantly
Commentary It must be something in the air. Or maybe it’s the air itself. Nevertheless, country legend John Rich and rapper Tom MacDonald of Hangover Gang fame—in their new two-genre music video “End of the World”—and major conservative thinker David Horowitz in his latest best-selling book “Final Battle” are all singing from the same playbook….
Punished for Doing the Right Thing: The Battle for Ethical Medicine in Ontario
Commentary The College of Physicians and Surgeons of Ontario (CPSO) continues to pursue disciplinary proceedings against three Ontario doctors for providing vaccine exemption letters and making allegedly “misleading” statements questioning the health benefits of CPSO policy on COVID-19. The stakes are high for Crystal Luchkiw, Patrick Phillips, and Mark Trozzi. With their medical licences indefinitely…
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