Bernie Sanders is downright angry with Apple for its efforts to address California’s housing crisis. Last month, Apple announced it would contribute $2.5 billion, including $1 billion in new housing, $1 billion in mortgage assistance, and $300 million of Apple-owned land to be used for affordable housing.
Congratulations, Washington, you have set another record. The Treasury Department announced recently that the federal deficit rose an astounding 26% during the last fiscal year, bringing the total one-year deficit to nearly $1 trillion. The cumulative federal debt is now more than $22 trillion, greater than our total gross domestic product for the year. Federal Reserve Chairman Jerome Powell has declared the debt situation “unsustainable.”
Nowhere are good economic ideas more important for growth and stability than in labor and capital markets. Enormous technological, political, and demographic shifts in the past one hundred years have changed what is feasible and what works in practice. Panelists will discuss how ideas about the roles of government and private enterprise have changed, how good ideas stressing economic freedom can be advanced into action, and the influence of globalization on the ability of governments to apply good ideas to capital flows and immigration.
Here’s a pop quiz for you. Choose which of these two performers had a worse weekend in the Deep South: Tua Tagovailoa, the University of Alabama’s star quarterback, whose season (and possibly his college career) came to an abrupt end on this play; or President Trump, the Republicans’ quarterback, who was unceremoniously sacked in Louisiana’s gubernatorial race as he tried to push a GOP challenger across the goal line.