Can the American banking system keep cash flowing if the economy stops?
Banks are on the front lines of the economic falloutDURING THE financial crisis of 2007-09, American banks were part of the problem. As the covid-19 virus spreads, and efforts to halt the virus threaten to cause a cash crunch, they could be part of the solution. Company revenues may tumble but firms will still need…
Turkey hits back against Syria, risking escalation with Russia
Mar 4th 2020BEIRUT AND ISTANBULTHE SYRIAN army is still better at stealing refrigerators than at fighting rebels. But after a decade of war, it finally looked to be learning better tactics. Instead of sending lone tanks to bounce through the hills, some units fighting in Idlib, the last opposition-held province, have worked together, with columns…
8-Year-Old Wins $200 Worth of Weed Items at Youth Hockey Tournament
A grandfather is stumped after his eight-year-old grandson won a stockpile of $200 worth of cannabis merchandise at a local youth hockey tournament. Keith Redl said the Dawson Creek Minor Hockey’s longstanding tradition of raising funds took a left turn. “Each team is usually responsible for putting a gift basket or prize package together with…
America’s central bank acts to offset the impact of covid-19
Expect other central banks to cut interest rates tooMar 3rd 2020IT IS the first time that the Federal Reserve, America’s central bank, has cut rates between meetings since 2008. Then it was in response to the collapse of Lehman Brothers, an investment bank. This time, on March 3rd, it was because of the “evolving risks…