Bill Schmick

A government-owned wealth fund would give the people a direct role not only in determining the future of this technology but also in giving more than the very rich an

Markets managed to hang in there this week, despite a bout of profit-taking, because the flow of money out of tech rolled into healthcare, banks, industrials and other sectors.

The economy is still growing, and employment, while plateauing, is holding up. Now that oil prices are declining, inflation should begin to decelerate over the next few months.

Over time, the British economy grew far less than it might have if it had stayed in the trade bloc. At the same time, business investment and productivity slumped as

Critics dismiss a federal sovereign wealth fund as a ‘solution looking for a problem'. We can't afford one, they say, we are already in too much debt. The real solution is to cut spending and raise taxes.

The above risks can be a lethal brew for investors. And yet, markets barely budged by the end of the week.

Few data advocates exist in today’s mostly populist Congress. Since bureaucrats rarely, if ever, get to talk to legislators, it’s an out-of-sight, out-of-mind kind of situation.

It has been ten years since Brexit took center stage in the politics of the Western world. The populist furor of an unhappy electorate triggered Great Britain's exit from the European Union. How has that worked out for the Brits?

Misery loves company, or so they say. There was plenty of that this week as declining technology stocks dragged down the indexes.

In an era of populism, distrust in government is rampant. That lack of trust has seeped down into just about everything one reads or hears. Government data is no exception.