These three things are all true: The United States almost certainly isn’t in a recession right now. It may well avoid one for the foreseeable future. But the chances that the nation will fall into recession have increased sharply in the last two weeks.
— New York Times, August 16 1969
White House economic adviser Larry Kudlow said Sunday that “there’s no recession on the horizon.”
You can’t make this up. Six cops were wounded in a shootout with a bad dude in the Nicetown-Tioga neighborhood in Philly. Looks like Nicetown has some really mean streets. Locals turned against cops there, too. Cop hate is growing worse by the day. Beat cops in America’s gritty cities aren’t the only ones at risk, though. Continue reading →