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On October 23, 1944, a formidable US naval fleet sailed past the Philippine island of Leyte with more than 300 battleships, aircraft carriers, cruisers, destroyers, and submarines. Their objective was to secure the island’s strategic gulf to support the Allied amphibious invasion (which would ultimately liberate the Philippines from Japanese
The Fed Chairman was flush with praise yesterday over the stupendous state of the US economy. The economy is in a “good place”, he told reporters at a press conference after announcing a 50-basis point (0.5%) interest rate cut. The labor market is “strong”. Inflation is “coming down”. They’re “confident”
At some point early in 2011, I received a frantic phone call from a woman who was terrified that then-President Obama was going to “close the borders”. She had apparently been reading some pretty dark forums on the Internet which had convinced her that Obama was going to prevent all
This is an anomaly we haven’t seen before. Gold just hit yet another all-time high. But what’s strange is that, if you look at gold’s supply and demand fundamentals, the price should almost be falling. Not rising. I’ll explain— On the supply side, gold production is actually increasing slightly. The
The US Department of Transportation clearly has a lot on its plate. America’s infrastructure is not in great shape. The American Society of Civil Engineers (ASCE) grades America’s roads, bridges, and public transportation a C- overall. In fact 42% of US bridges are at least 50 years old, and nearly
Taylor Swift’s announcement pretty much said it all. After last night’s Presidential debate, the pop star publicly endorsed Kamala Harris because “she is a steady-handed, gifted leader” who fights for “LGBTQ+ rights, IVF, and a woman’s right to her own body. . .” I really try to keep an open
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