Recent Posts

Heathrow is more than big enough

There hasn’t been a full-length runway built in southeast England, where London’s Heathrow airport is located, since World War Two. With a climate crisis raging, now is a bad moment to try. Europe’s largest airport hub makes do with two landing strips (Amsterdam’s Schiphol has six), and with 80 million passengers using them every year, they can’t handle any more. ...

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The Sanders bill for democracy: $50 trillion

If you ever wondered how much Sen. Bernie Sanders’ vast array of policy proposals would cost, we now have a reasonably good estimate from his own staff. The answer is about $50 trillion over the next decade. Sanders may or may not be a “democratic socialist” — whatever that means — but he clearly is a soak-the-rich radical who would ...

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Stocks rally with futures while Treasuries steady

Bloomberg European stocks surged and US equity futures jumped as expectations grow that policy makers and governments will act to guard against the economic threat of the coronavirus. Treasuries were steady as the number of infections continued to grow. Futures on the S&P 500 Index had fluctuated at the start of the day after the underlying gauge climbed the most ...

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