Money
Jo Freeman Reviews - The Book of Gutsy Women by Hillary Rodham Clinton and Chelsea Clinton
In the 1980s and 1990s, when I read women’s history on my own, I realized that there were important and prominent women in every decade, but they disappeared when the history books were written. Women were like sand castles; men were like rocks. The waters of time washed over both and wiped out the women. The Clintons — mother and daughter — are helping to remedy that. By telling the stories of 103 Gutsy women, they want to raise the sand from the beaches and fuse the particles into solid quartz. more »
Investing Through the Next Recession: It is Best to Use the Volatility of Financial Markets to Your Advantage
Financial Advisor Lex Zaharoff writes: "Given the reality that there will be a recession in our future, there is a natural tendency to want to adjust our investment strategy in advance of a market drop. Ideally we would like to sell stocks and buy longer maturity bonds of higher quality borrowers just before a recession starts. And before others recognize the recovery, we’d like to reverse those trades – buying back into stock markets and reducing our interest rate sensitivity in our bonds. Unfortunately, it is impossible to know the timing of market fluctuations with greater certainty than the rest of the market." more »
A Comprehensive Outreach on Monetary Policy At a Fed Listens Event: "How can we help you better understand our work so you can hold us accountable?"
Fed Governor Michelle W. Bowman asks: "For many years, inflation has run modestly below our 2 percent objective. Given that, it would be helpful to hear from you whether you think the Federal Open Market Committee should consider strategies that aim to have inflation exceed our target for a time, to make up for the earlier period of time when it fell short. Or would that threaten the decades of success the Fed has had keeping the public's expectations for inflation low and stable?" ... more »
GAO** Reports: Electronic Cigarettes - US Imports and the Value of US E-cigarette Imports was $2.4 billion; CDC and FDA Campaigns
Over the last 15 years, use of electronic cigarettes in the United States has grown rapidly as use of traditional cigarettes declined. Most e-cigarettes sold here are thought to be imported. The government began collecting data on imported e-cigarette devices, parts, and liquid in 2016. The value of US e-cigarette imports was $2.4 billion and brought $120 million in tariff revenue over that period. China accounted for 97% of these e-cigarette imports by value, and more than 271 million e-cigarette devices were imported. more »