While TWIA may have been intended as a residual provider, it has become anything but that. Its unrealistically low rates have made TWIA an unbeatable competitor which is crowding out the private market yet doesn’t have the money to pay off major claims.
Economy
Biden’s ‘less is more’ mantra demands sacrifice only from average Americans
The Biden administration can’t escape the blame for higher prices. And that’s why it must try to redirect voters’ anger. JPMorgan Chase CEO Jamie Dimon mentioned “inflation” more than 20 times in his annual report to shareholders, released Monday. And he warned that the Federal Reserve’s response — raising interest rates to cool spending — could...
April 12, 2024