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Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Authored by Tyler Turman via TheDailyEconomy.org,
America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing?
That depends, as it turns out, on how you measure it.
Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations.
As Kennedy points...
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May 13, 2026 / Tyler Durden
Two Empty Qatari LNG Tankers Head Toward Gulf After Weekend Hormuz Transit Breakthrough
Two Empty Qatari LNG Tankers Head Toward Gulf After Weekend Hormuz Transit Breakthrough
Bloomberg ship-tracking specialist Stephen Stapczynski has identified two empty Qatari LNG tankers, Al Gattara and Fraiha, transiting north toward the Gulf area after idling near Mauritius.
This movement comes just days after a Qatari LNG carrier successfully transited the Strait of Hormuz, suggesting that Doha may be engaged in backchannel discussions with Tehran about a gradual normalization of LNG flows through the maritime chokepoint.
Al Gattara and Fraiha could be returning to Qatar to load LNG cargoes. If confirmed,...
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May 4, 2026 / Tyler Durden
Iraqi Father Arrested In Sweden For Beating, Imprisoning Daughter In Italy Over Forced Marriage Plot
Apr 8, 2026 / Tyler Durden
10Y Auction Tails As Foreign Demand Dips
10Y Auction Tails As Foreign Demand Dips
After yesterday's impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction.
The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last August. It also tailed the When Issued 4.280% by 0.2bps, the third consecutive tail in a row.
The bid to cover dipped to 2.429 from 2.449, and was also below the six-auction average of 2.48.
The internals also...
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