Free Republic

Twenty-seven House Democrats have joined a growing chorus of voices calling for the resignation of World Bank chief David Malpass after he made comments that critics say smacked of climate denial. In a letter sent Thursday to President Biden, representatives Jared Huffman (D-Calif.), Sean Casten (D-Ill.) and 25 other Democrats said Malpass’s recent comments were both “troubling” and “unacceptable” and that the World Bank should have a “leader who listens to the science and is a global leader in combating climate change.” “We urge you to advocate for the removal or forced resignation of David Malpass as World Bank Group...

Editor’s Commentary: I have long contended that those in the know among the “elites” have done whatever they can to avoid taking the actual Covid vaccines. I’ve suspected that the higher-ups like Barack Obama and Anthony Fauci are taking their “jabs” but they’re not really the so-called vaccines. Others are trying to buy their way out of getting the jabs by getting fake vax passports. In the article below by Matt Agorist from Free Thought Project, we see the latter in action. This took place in Spain, but we can assume it’s taking place in every western nation. Some people...

President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution. That’s according to a senior administration official who spoke on condition of anonymity because the official wasn’t authorized to comment publicly on personnel decisions.Trump is expected to make an announcement later this week. Malpass, the undersecretary for international affairs at the Treasury Department, has been a sharp critic of the World Bank, especially over its lending to China. …

We expect stronger 3.5% U.S. growth in the second half and a market shift from bonds to stocks as auto production picks up, growth in emerging markets remains strong and near-term concerns get resolved -- about QE2 ending, the debt limit increase, a China hard landing and a quick Greek default. (We think they’ll all be resolved favorably, but even unfavorable outcomes are better than the current uncertainty.)    This year’s soft patch has been exaggerated by the emphasis on the auto sector in the data including ISM, other diffusion indexes, auto sales and industrial production. Jobless claims jumped due to the unique automatic...

Concerns about the end of QE2 have put downward pressure on equities and bond yields. We think this will ease. We expect the consensus outlook to improve as it did in the face of Y2K.  Like the June 30 end of QE2, Y2K crash warnings had a date certain, January 1, 2000, to worry about, causing months of hand-wringing due to the uncertainty.  Equities ended up rallying over 15% in the final three months of 1999 and went higher in following months.  We expect a substantial flow from bonds to equities in coming months as the growth outlook improves, inflation rises...

- New York Republicans have given Bruce Blakeman the party's official designation to take on Democratic Senator Kirsten Gillibrand. The three-day GOP convention came to a fractious end with the Republican delegates split on their choice of Senate candidate. Bruce Blakeman is the former presiding officer of the Nassau County Legislature. He won the endorsement over David Malpass, who earned enough support at Thursday's convention to run in a September 14th GOP primary. Malpass is a former Bear Stearns chief economist. A third candidate, former congressman Joe DioGuardi, didn't get enough votes for a primary line. But he is vowing...

My Nov. 10, 2008 column warned that big government was walking away as the knockout winner over the private sector in the financial crisis. But it's going much further than I'd feared. The federal government has accelerated its takeover of the economy, adding a mega-trillion-dollar health care entitlement, despite the damage to health care and the national debt this will cause. Washington is frenetically cutting unfunded checks. Capital is being channeled away from small businesses toward big government. Looming on the horizon is the bailout of state and local governments, which will concentrate more and more of the nation's debt...

NEW YORK—David Malpass, an economist who worked as a treasury official under Ronald Reagan, said he will challenge the U.S. Senate seat currently held by Kirsten Gillibrand. In front of City Hall, Malpass, 54, who is running on the Republican ticket, made the announcement on Wednesday in front of a crowd of supporters, including multimillionaire Forbes magazine owner Steve Forbes. Gillibrand was an “unelected” senator that didn't do an adequate job in protecting taxpayers' interestes, said Malpass. He added that she took the wrong path in supporting Presdient Barack Obama's health care and stimulus packages, squandering taxpayers' money in the...

The entry of David Malpass into the lists for the Republican nomination for United States Senator from New York is one of those opportunities for which the state has been have been waiting. A former official in the Reagan administration, he is a successful businessman and public intellectual who is short on gimmickry and long on substance. He has thrown his hat into the ring in hopes of gaining the nomination to challenge the Democratic incumbent, Senator Gillibrand. It’s too soon for an endorsement, since the field is not yet complete and the primary is not until September. But it’s...

David Malpass, a former aide to Presidents Reagan and George H.W. Bush, filed paperwork today with the Federal Elections Commission as he weighs a run against Sen. Kirsten Gillibrand. A spokeswoman said Malpass, of Manhattan, has been meeting with Republican and Conservative leaders as he considers whether to jump into what is becoming a crowded GOP race to get the party’s nomination to run against the Democratic senator. Malpass, who also assisted Rudy Giuliani on economic policy during his ill-fated presidential run, was a deputy assistant treasury secretary under Reagan and a former deputy secretary of state under Bush. His...

What a difference a news leak from the Federal Reserve makes. Ever since this newspaper ran its December 2 page-one article, "Fed View Shifting on Inflation: Rate Rises Likely," the world's leading indicators of future prices have been heading back down. David Malpass of Bear Stearns points out that gold has since dropped to $434 or so from a peak of $456, oil is back down to $41 a barrel and the dollar has been firmer in currency markets. Amazing how that works: The Fed finally signals that it is going to print fewer dollars, and inflation expectations begin to...

Several months of growth have blown away most of the Chicken Little stories about a "jobless recovery," but one doubt has lingered. Many Americans believe that service-sector "offshoring" means that the number of high-paying jobs is flat, while companies are creating more menial positions. ...A new paper ... analyzes government employment numbers and finds that growth in jobs paying more than the mean now outstrips the creation of jobs on the bottom end of the bell curve. Moreover, the timing of this shift is in line with the pattern of past economic expansions. ...Partisans can generalize the data to get...