Monthly Archives: July 2022

Trump escalates feud with Mitch McConnell, trying to claim credit for his longstanding status as least popular senator

Then-President Donald Trump in Washington, DC, October 27, 2020 and then-US Senate Majority Leader Mitch McConnell on Capitol Hill in Washington, DC on February 5, 2020. Saul Loeb/Mandel Ngan / AFP via Getty Images Trump jabbed at Mitch McConnell in a Truth Social post, suggesting he caused a drop in his polling. “See what I…

“Pharma bro’ Martin Shkreli – now free from prison – has launched a crypto business aimed at disrupting the pharmaceutical drug industry

Lead defense attorney Benjamin Brafman walks with former pharmaceutical executive Martin Shkreli after the jury issued a verdict at the U.S. District Court for the Eastern District of New York, August 4, 2017. Drew Angerer/Getty Images Martin Shkreli has launched a drug-discovery company called Druglike which is centered on free blockchain-based software.  Shkreli was barred…

The Fed’s preferred recession indicator shows traders want the central bank to ease off rate hikes

Federal Reserve Board Chairman Jerome Powell. Chip Somodevilla/Getty The difference between the current rate on the three-month Treasury bill and expectations for it in 18 months is the Fed’s preferred recession indicator. That spread has fallen 95 basis points so far in July, the largest monthly drop since data on it started in 1996. With…

Russia says it will pull out of the International Space Station sometime after 2024

The head of Russia’s space program says the country will withdraw from the International Space Station after 2024. It will instead focus on building its own space station as a successor to Mir, Roscosmos administrator Yuri Borisov said, according to the Associated Press. The country made the call at a time of heightened tensions with…