Chet Collins

McCarthy Gets a Debt-Ceiling Win - WSJ Opinion

The plan also cancels the President’s student loan write-off and blocks a proposal to cap borrower loan payments at de minimis levels, which combined would save $460 billion from 2023 to 2033. A White House press release claims these measures “hurt students.” Since when is requiring borrowers repay their loans a form of punishment?

Fidelity and State Street Push to Make 401(k)s More Like Pensions - WSJ

The income-producing funds are coming to market a few years after Congress made it easier for employers to offer annuities in 401(k) plans. The law protects employers that follow certain procedures from being sued if they select an annuity from an insurance company that later fails to make the promised payments.

Nice lobbying!

Biden Administration Considers Tougher Regulation of Money-Market, Hedge Funds - WSJ

“The authority for emergency interventions is critical. But equally as important is a supervisory and regulatory regime that can help prevent financial disruptions from starting and spreading in the first place,” Ms. Yellen said Friday. 

Hard to take this quote seriously, in light of recent events.

FAA Acting Chief Billy Nolen to Depart - WSJ

Mr. Nolen’s planned departure comes as the agency faces challenges including a spate of serious near-collisions at U.S. airports and failing technology that earlier this year ground U.S. air traffic to a halt.

But we can all at least feel good that Mr. Nolan’s focus on replacing the word “airman” with more inclusive terms will make aviation a much more inviting place for all theys.

Biden’s Second-Term Mistake - WSJ Opinion

But asking the country to elect a man who is 80 years old and whose second term would end when he is 86 is a risky act that borders on selfish. It’s impossible to know Mr. Biden’s real physical and mental state because the White House goes to great lengths to hide it. But his decline is clear to anyone who isn’t willfully blind. He rarely holds a press conference, and his words are as scripted as possible to avoid embarrassing stumbles that he nonetheless continues to make.

Apple Card’s new high-yield Savings account is now available, offering a 4.15 percent APY - Apple

To build on their savings even further, users can deposit additional funds into their Savings account through a linked bank account, or from their Apple Cash balance.

Why didn’t they enable this for all Wallet users?

It was fun to collect, but now it’s time to cash in