The Good: The federal and state investigations of what caused and who is behind the water crisis in Flint. In an already economically beleaguered city, the latest outrage is the contamination of its water supply system. And the finger of responsibility points to the Republican governor and state officials. If that turns out to be true, impeachment and resignations are in order as are criminal trials. For more info, I highly recommend:

The Bad: The continuing instability of the Chinese economy. Everyone agrees that it will have a negative impact on the global economy, but the unsettled question is to what degree. And here is where opinions differ. Some believe that the impact will be shallow and fleeing; others that it could be much worse. If the latter are right, everything becomes unpredictable.

The Ugly: once again the Republican Party presidential debate where New Jersey Governor Christie said of President Obama, “The American people have rejected your agenda and now you are trying to go around it? That is not right and it is not constitutional and we are going to kick your rear end out of the White House come this fall.” Could he have forgotten that the American people twice elected the president twice by substantial margins. No, this guy is a punk, a bully, and a demagogue, although those qualities hardly separate him from the Republican Party presidential front runners – Trump, Cruz, and Rubio.