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The Freeport Navigator

It’s Once Again Come Down to MAD

Our government has managed to borrow $35 trillion, and a lot of that debt is held by foreign central banks… including China’s. And in case you hadn’t noticed, relations between the U.S. and China haven’t exactly been friendly in recent years. China could cripple the US economy by dumping its massive stockpile of U.S. Treasuries…

The Freeport Navigator

[Sunday Read] Company and Political Insiders Have Been Busy

Four senators have submitted a proposal to ban the president, vice president, and members of Congress from buying stocks and a range of other financial assets during their tenures. Spouses and dependent children would be included in this ban. Hats off to them. Their hearts are in the right place. But who are they kidding?

The Freeport Navigator

When Burger Flippers Earn More Than Teachers…

On April 1, California’s new minimum-wage law went into effect, giving fast-food workers in the Golden State a $20 per hour minimum wage. That works out to $40,000 per year assuming a 40-hour workweek with two weeks of vacation. This is not going to turn out well…