Bigger Isn't Better: A Case For Downsizing The Federal Reserve

Trump Dismisses Delaney Hall Protesters As 'Paid' Amid Growing Scrutiny Of ICE Detention Facility Authored by Evgenia Filimianova via The Epoch Times, President Donald Trump has dismissed protesters outside a New Jersey immigration detention facility as “fake” and “paid for” as demonstrations intensified and Democratic lawmakers demanded investigations into conditions inside the center. Video footage from the scene showed protesters clashing with ICE agents outside the Delaney Hall detention facility in Newark, New Jersey, on May 25 as tensions escalated over immigration enforcement. Speaking during a Cabinet meeting on May 27, Trump praised...

Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year Add another vocal warning to the chorus singing about the dangers of private credit.  DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...

Federal Appeals Court Upholds Illinois Ban On 'Assault Weapons' Authored by Aldgra Fredly via The Epoch Times, A federal appeals court on July 9 upheld Illinois’s ban on the sale and possession of “assault weapons” and large capacity magazines, overturning a lower court ruling that had blocked enforcement of the law. Illinois Gov. JB Pritzker signed the Protect Illinois Communities Act into law in January 2023 after a gunman killed seven people in a 2022 shooting during an Independence Day parade in suburban Chicago. A federal judge overturned the law in 2024,...