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GameStop Stock Share Prices Soar

Tuesday, February 2, 2021
GameStop, a company described on January 26, 2021, in the
Wall Street Journal as a “moribund mall retailer” that sold electronic games, but not very many with the closing of malls as a result of the growth of e-commerce, and even fewer after the shutdowns of non-essential shopping stores due to COVID, has seen its stock (listed on the New York Stock Exchange) share price rise in the last year from a low of $2.57 to $483.00. Almost all of that gain has occurred since Friday, January 22, 2021. What business development caused this? The simple answer to that question is NONE.
Rupture Rapture ....

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Why Are There So Few Black Economists at the Fed?

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Why Are There So Few Black Economists at the Fed?
Monroe Gamble became the San Francisco Fed’s first Black research assistant in 2018. His path shows why fixing a striking diversity shortfall will take commitment.
J. Monroe Gamble IV pushed for changes to the hiring process at the Federal Reserve Bank of San Francisco.Credit.Christopher Smith for The New York Times
Feb. 2, 2021
WASHINGTON J. Monroe Gamble IV was the first Black research assistant to work at the Federal Reserve Bank of San Francisco. He started in 2018.
That one data point speaks to a broader reality: Even as America’s central bank dedicates research and attention to racial economic outcomes and publicly champions inclusion, it has had a poor record of building a work force that looks like the population it is meant to serve. ....

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Nixon Closed The Gold Window And All I Got Was This Lousy National Debt

Nixon Closed The Gold Window And All I Got Was This Lousy National Debt
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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What is monetary policy? Definition and meaning - Market Business News

What is monetary policy? Definition and meaning
Monetary policy is the main focus of a central bank, it involves regulating the money supply and interest rates. The US Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, the Bank of Canada, The Reserve Bank of Australia and other central banks manage monetary policy to control inflation, stabilize their country’s or region’s currency, and make sure the economy is moving in the right direction.
By regulating what effectively is the cost of money, a central bank can affect the amount of money that is spent by businesses and individuals. ....

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Federal Reserve Board approves reappointment of Reserve Bank presidents and first vice presidents

Date Time
Federal Reserve Board approves reappointment of Reserve Bank presidents and first vice presidents
The Federal Reserve Board on Thursday announced the approval of the reappointment of 12 Federal Reserve Bank presidents and 11 first vice presidents, as previously made by their respective boards of directors.
1 Each individual has been approved to serve a new five-year term beginning March 1, 2021.
Under section 4 of the Federal Reserve Act, all Reserve Bank presidents and first vice presidents serve five-year terms that expire at the end of February in years ending in 1 or 6. Presidents and first vice presidents who take office in intervening years are initially appointed for the remainder of the current term. Class B and C Reserve Bank directors who are not affiliated with a supervised entity are eligible to vote on appointment and subsequent reappointment actions for presidents and first vice presidents. ....

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