The Latest Breaking News from Great Depression

Decades ago, when the late Harry Reid was relatively new to the upper chamber, a book arrived at our offices courtesy of the Democratic senator. It was “The Farm Fiasco” by libertarian author James Bovard, a piercing work that critically examined the labyrinth of subsidies, handouts, pork and market distortions…

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

Big banks are attracting more deposits–and putting money back into failing banks. A similar system existed in the run-up to the Great Depression.

Why deposit insurance matters: Without it, America's press secretary had to put his money under a mattress in the 1930s.

A new investigation into the kidnapping led her family to conclude she grew up as Jeanette Burchard, became a nurse and had three children, and died in Florida 20 years ago. “She was loved very much,” her daughter said.

Egyptian President Abdel Fattah al-Sisi rejected "misleading claims" that said the global economic crisis was only limited to Egypt and caused by domestic policies. He also defended national projects, saying they were the basis for achieving comprehensive economic development and expressed his confidence in Egypt's ability to overcome the crisis.…

God, it's brutal out here.

1923 is the next instalment of the Yellowstone origin story, introducing us to Jacob and Cara Dutton played by Harrison Ford and Helen Mirren.

The Citadel CEO worries U.S. restrictions on selling advanced computer chips to China could make invading Taiwan more tempting to Beijing.

The Bonus Army March is a forgotten footnote of American history.

I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some…