Familiar number, a more dangerous moment
The yield on the 30-year Treasury bond has climbed back to where it stood in 2007, north of 5%, and it pushed a little higher again this week after the Federal Reserve left its own rates alone. On its face, that sounds almost reassuring, a return to some pre-crisis normal. It is nothing of the sort. The same number today carries a very different, and far heavier, meaning than it did 19 years ago. In 2007, the federal debt held by the public was roughly nine trillion dollars. Today it is about four times that. A yield is simply the price of borrowing, and paying the 2007 price on four ...
Tuning in for AM radio support in new cars
It is rare for me to support anything inserting more government into our lives. However, I'm now looking at one of these exceptions. It's the AM Radio in Every Vehicle Act. The legislation pushes back against automobile manufacturers moving to no longer include AM radio as standard equipment in new cars. The bill mandates a Department of Transportation rule requiring that all new vehicles manufactured in the U.S. or imported come equipped with an AM radio and the ability to receive AM radio broadcasts. At first glance, I felt, as I most always do, that what business is it of ...
Skubal is the prize at MLB trade deadline
A trio of powerful pitching arms — including two-time Cy Young Award winner Tarik Skubal, Freddy Peralta and Mason Miller — highlight the intriguing candidates who could switch teams as Major League Baseball's trade deadline approaches. The deadline is Monday at 6 p.m. EDT. Skubal — ...
Ryu takes 1-shot lead at British Women’s Open
LYTHAM ST. ANNES, England (AP) — Haeran Ryu birdied No. 18 to complete a 2-under 69 for a one-shot lead after two rounds of the British Women's Open on Friday as the South Korean star pursues a third consecutive major victory. Ryu overcame a tough start — including a double bogey on the ...