‘We believe the $38 billion in fraud we’ve come across is merely the tip of the iceberg,” said financial investigator Harry Markopolos, who exposed Bernie Madoff’s Ponzi scheme.
In 1977, Jimmy Carter made an improbable journey from Georgia peanut grower to Democratic president in part by playing on his humble roots and receiving support from America’s farmers. Yet this bedrock voting constituency abandoned a fellow farmer to back Ronald Reagan four years later, after Carter punished Moscow for invading Afghanistan by cutting off grain sales to the Soviet Union. U.S. farmers were already struggling with collapsing crop prices, and the embargo may have been the final straw. Farmers threw their support behind Reagan, who had promised to lift the hated restrictions.
Today, a black hole observed … tomorrow, a pothole avoided?
Republicans are in revolt. Economists on the left and right are deeply skeptical. President Trump’s top economic adviser resigned rather than be party to it. The culprit: tariffs, and specifically the president’s decision to slap duties on imported steel (25 percent) and aluminum (10 percent).
The move came as Israel reversed course and said it was barring the pair from entering the country on a planned visit this weekend.