Author: admin

Time spent on Wall Street has historically been a stepping stone to top positions within the US Treasury. Alexander Hamilton, the first treasury secretary, had a hand in establishing the Bank of New York, a bank that remains in operation today. More recent examples include Robert Rubin and Hank Paulson, who both held leadership roles at Goldman Sachs before transitioning to government positions. The concept of the “revolving door” also sees individuals moving from the private sector to government roles and back again. Rubin went on to work at Citigroup, while John Snow and Timothy Geithner chair Cerberus Capital Management…

In recent news, former President Donald Trump continues to falsely claim that he was named “Man of the Year” in Michigan before he began his presidential campaign, marking the third consecutive election where he has made this assertion. During a speech in Detroit on Saturday, Trump reiterated this claim, stating, “You know, I got the ‘Man of the Year’ in Michigan. Years ago, long before politics, like 12, 13 years ago.” However, despite Trump’s repeated statements, the facts remain unchanged. There is no evidence to support his claim of being named “Man of the Year” in Michigan before his presidential…

An eye-catching home has hit the real estate market in Tennessee, located at 1824 Stryker Place in Brentwood. Social media users are buzzing about this unique property, which is listed for $5.95 million. Susanne Flynn, the real estate broker and listing agent for the home, shared that this particular property stands out in several ways. The home spans approximately 11,500 square feet and is a four-story masterpiece with surprises hidden in the bottom two basement floors. This residence was designed and built in 2015 by a former Disney illustrator, adding an extra touch of magic to the space. The lower…

For years, homeowners have been fighting against the high fees charged by estate agents, also known as “realtors” in America. They have accused the agents of engaging in anticompetitive practices and have taken legal action against them. Lawsuits have been filed against brokers, the National Association of Realtors (NAR), and the keepers of databases of homes for sale, known as “multiple-listing services”. Juries and judges have ruled in favor of the homeowners, finding that they have been overcharged and misled by the real estate industry. Recently, several class-action lawsuits were settled between the plaintiffs and the NAR, with the agreement…

On June 18, 1983, astronaut Sally Ride made history by becoming the first American woman to travel to space. Born on May 26, 1951, in Los Angeles, Ride had earned bachelor’s degrees in English and physics from Stanford University before obtaining a PhD in physics from the same institution in 1978. Ride’s journey to the stars began when she saw an advertisement for NASA’s astronaut recruitment program, which, for the first time, was open to women. Out of more than 8,000 applicants, Ride was selected as one of six women to join the astronaut program in January 1978. After completing…

In a recent roundtable discussion at a predominately Black church in Detroit, former President Donald Trump claimed that President Joe Biden “has done nothing for you except talk” and touted his record on African American unemployment and poverty rates during his presidency. Trump stated that he achieved “the lowest African American unemployment rate and the lowest African American poverty rate ever recorded – ever, ever recorded – during my four years.” However, a fact check reveals that while Trump’s claims were true when he made them before Biden took office, they are no longer accurate. Record lows for Black unemployment…

Alfred Marshall, one of the founding fathers of modern economics, believed that the discipline was meant to study the ordinary business of life. He understood that economics was not just about numbers and graphs, but about the fundamental questions that people face in their everyday lives. Questions such as how to pay bills, what career to pursue, how to handle illness, and whether retirement is a possibility – these were the questions that Marshall believed economics should seek to answer. However, not everyone shares Marshall’s view of economics. Steven Levitt, an economist at the University of Chicago, has a different…

In response to comments made by former President Donald Trump about Ukrainian President Volodymyr Zelensky and the war in Ukraine at an event hosted by Turning Point Action in Michigan, William Cohen, CEO of Cohen Group and former Secretary of Defense under President Bill Clinton, shared his thoughts on Trump’s speech. Cohen expressed his reaction to Trump’s comments regarding Zelensky and the ongoing conflict in Ukraine.

Investors who pay close attention to politics often look for opportunities to capitalize on potential policy changes that could benefit certain industries. In the case of the 2020 American presidential election, many investors anticipated a victory for Joe Biden would lead to favorable policies for green energy and cannabis companies. As a result, exchange-traded funds (ETFs) that covered these sectors saw a significant rally in the months leading up to the election and Mr. Biden’s inauguration. However, as reality set in and investors adjusted their expectations, the prices of these ETFs eventually dropped. This example highlights the role that politics…

CNN Senior National Correspondent Miguel Marquez reports on the concerns of Democrats in Michigan, a battleground state that President Joe Biden won by just over 150,000 votes in 2020. Despite the state flipping from red to blue, polls indicate a potential decrease in the president’s popularity. In Oakland County, MI, Democrats are working hard to maintain their stronghold and ensure Michigan stays blue in the upcoming 2024 election.