How a 1990 tax rebellion rewired the state’s finances and set the stage for decades of rising property taxes The phone rang. "Hi, my name is John Budzash,” the caller said, “and I want to talk to John and Ken about organizing a protest where we all link
Dear Senators Booker, Schumer and and House Minority Leader Hakeem Jeffries Hope you’re well. I recently wrote you a letter regarding Emil Bove. I was disappointed in your legalistic, procedural approach to resisting his appointment. It felt empty. I asked you to begin, instead, with our ideals, so you
A letter to our elected representatives on the occasion of the government as a teacher Dear Senators Blumenthal, Booker, Hirono, Padilla, Schiff, Welch, and Whitehouse: I hope you’re well. I live in New Jersey, and I have been grateful for your contributions as Senators. Your oversight on the appointment
In June 1931, Ohio Senator Simeon Fess took the stage at the Willard Hotel in Washington DC. President Hoover was running for reelection, and Assistant Secretary Snyder hoped to rile up the convention of Young Republicans. Senator Fess exclaimed from the podium, “When the American people realize what President Hoover
Until this week it was never quite clear to a considerable body of intelligent citizens why a sufficient plurality of voters in the United States would flock to a reality television star whose casual relationship with the truth would frame a day of riot, rapine, and insurgency at the Capitol
This is a picture of the New York Stock Exchange in 1975. That’s when the SEC abolished fixed trading commissions and invented discount brokerages. The SEC abolished fixed brokerage commissions on May 1st – ending a 183 year old practice of exchange-mandated commission rates. The market would set the commissions,
UBS shared a lesson in understatement last week when analyst Karl Keirstead wrote, “Customer efforts to optimize/trim their cloud spend are well beyond any historical norm.” One could almost hear the frenzied IT staff yanking blue cables out of servers and powering down the racks. Amazon and Microsoft all
That was fast. I thought for sure that we would get a tough day followed by a shotgun marriage over the weekend. The FDIC has to appreciate how acute the working capital problem is for the vast network of early stage businesses throughout the country. Something like 75% of venture
Oil shock. Prices on the rise. A menace in Russia. The US coming off of one war and supporting the under-dog in another. “The ingredients of the 1970s are already in place,” said Niall Ferguson at the Ambrosetti Forum in Italy the other week. Says, Niall: Why shouldn’t it
With Jamie Dimon auditioning for the weather channel, calling for hurricanes, it’s no wonder companies are looking for the keys to the bunker. Memories of the Nasdaq, circa 2000 or the entire market, circa 2008, might make you a bit more frenetic. Who can forget Sequoia’s “RIP Good
“Does anyone know what JAND is?” Stephen Kuhl and Kabeer Chopra were in Ethan Mollick’s entrepreneurship class at Wharton in 2016 and had no idea what JAND was or what could possibly be contained in the powerpoint professor Mollick was waving in front of the class. It happened to