Category Archives: TenCount

The Federal Open Market Committee will spend two days reading the tea leaves of recent and coming economic reports in trying to decide how to align interest rates with an economy that, depending on whom you ask, is either rolling along or stumbling toward its demise. The Fed’s meeting begins Tuesday and concludes with an… Continue reading →

It will be a quiet week in Washington, with both houses of Congress out for an extended holiday. Plenty of electoral action down south, however, where two Democratic primaries are scheduled for next weekend. On Saturday, 12 Democratic delegates are at stake in the Virgin Islands, while on Sunday voters in Puerto Rico apportion 67… Continue reading →

The presidential primaries roll on Tuesday, with Kentucky holding its Democratic primary and Oregon conducting both its Republican and Democratic primaries. Look for two Bernie Sanders wins that nonetheless barely dent Hillary Clinton’s delegate lead. On Saturday, meanwhile, President Obama begins a weeklong visit to Vietnam and Japan. President Obama has led a nation at… Continue reading →

Puerto Rico has until the end of the business day on Monday to make a $422 million Government Development Bank bond payment, but few people are holding their breath. “On Monday there will be a default,” Puerto Rico’s governor, Alejandro García Padilla, said last Wednesday. Even if it reaches an agreement to delay a default,… Continue reading →

The Justice Department has charged multiple FHA lenders with fraud under the False Claims Act recently, leading to an exodus from the FHA program and reduced opportunities for working-class Americans to get home loans. In his recent letter to shareholders, for example, Jamie Dimon, CEO of JP Morgan Chase, said the bank had dramatically reduced… Continue reading →