Hole. Jackson Hole.

Powell sounds like he will announce a 0.25% interest rate drop in September.

First, Trump demanded Intel’s CEO quit.

When the Chips Are Down

Now he wants the United States to own 10% of the company. Huh?

The Dow jumped to a new record after Powell’s speech today. If interest rates drop enough to move money out of Money Market accounts and CDs, that will inflate Wall Street further. Then we’ll have a bubble, and look out when it bursts.

Prior Authorization for Traditional Medicare

Last year, half an hour after hearing my cancer diagnosis on the phone, I had an appointment scheduled with a surgeon for the next day. The appointment was available by chance. Being able to act quickly, without checking with an insurer, was because I have traditional Medicare, rather than a Medicare Advantage plan. Trump wants to eliminate traditional Medicare.

Trump administration tiptoes into testing prior authorization in traditional Medicare

https://finance.yahoo.com/news/trump-administration-tiptoes-into-testing-prior-authorization-in-traditional-medicare-143012089.html

A Likely Story

I meant to post this link a while ago, but lost track of it. Sections of the Constitution, specifically about Congressional powers, recently disappeared from the Library of Congress website. The claimed explanation is that someone failed to close an XML tag.

https://techcrunch.com/2025/08/07/library-of-congress-explains-how-parts-of-us-constitution-vanished-from-its-website/

The LOC link provided on that Tech Crunch page is useless. This is where it should be directed:

https://constitution.congress.gov/browse/introduction/