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Opinion

ROADWORK STAY ALERT!

PHARR – Various single-lane closures of the I-2 eastbound frontage roads will continue to take place next week. Crews will be working to identify underground utilities. No ramps will be affected.

The Federal Reserve is Getting Desperate

In a sign that the Federal Reserve is growing increasingly desperate to jumpstart the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds.

China under judgment?

You know something may be wrong when the secular world press reports that disasters in China are approaching “biblical proportions.” Yet, that’s what happened last week in an Internet news program on China.

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