Al Charlson is a North Central Iowa farm kid, lifelong Iowan, and retired bank trust officer.

Financial panics are not rational. The federal debt ceiling is an arbitrary artificial limit. The U.S. economy would not fundamentally change on the day the Treasury could not send Social Security checks or military payroll because it was barred from borrowing to pay the bills Congress has already approved. But world financial markets would freak out.

The international financial market system is an extremely complex and intricate web of interrelated understandings, agreements, contracts, checks and balances, guarantees, regulations and laws. The system is normally resilient and redundant enough to handle losses which regularly can and do occur. For many decades, the U.S. dollar has been the linchpin of the system, and U.S. Treasury notes and bonds have been considered the basic risk-free asset class. Essentially, the full faith and credit of the U.S. Government has been and remains the cornerstone of the worldwide financial system.

Randy Evans can be reached at DMRevans2810@gmail.com. 

On a late summer afternoon in Bloomfield 40 years ago, the people of Iowa learned about an unofficial government principle we have seen repeated in recent weeks.

Although this has played out in various ways through the years, it ultimately comes down to the same concept: If your problem is large enough, government will step in and lend you a helping hand. But if government decides yours is not a big problem, you probably will have to fend for yourself.

Helen Redding is a Waterloo entrepreneur, business owner and and strong woman of faith. Over the past several years, after opening her salon, Helen has created multiple other businesses with her husband and children.

Going to a bank to get a loan should be an easy process if you have everything ready to go. Getting that loan from a bank, especially when you have business experience, good credit, and references, and proven success should be an easy process, and most banks will tout how easy it is to qualify for a loan too.

Unfortunately, even with advanced qualifications, Black Americans are twice as likely to get denied a loan. Systemic racism has busted the racial wealth gap wide open, and predatory lending practices perpetuate the gap. 

President Joe Biden appointed former Iowa Governor Chet Culver to the Federal Agricultural Mortgage Corporation’s board of directors this week. Assuming Culver is confirmed by the U.S. Senate, it will be his second term on the Farmer Mac board. President Barack Obama named Culver to the board in 2011, and the Senate confirmed him by voice vote in March 2012. President Donald Trump removed Culver from the position in December 2019, replacing him with LaJuana Wilcher, the current board chair.

As a group, Iowa’s U.S. House members have less seniority than at any time in more than a century. But their lack of experience in Congress didn’t translate into undesirable committee assignments.

On the contrary: Iowa’s two-term Democrat and three Republican newcomers will all serve on influential panels.

Ira Lacher: We may don masks to keep ourselves safe from the novel coronavirus, but no amount of #We’reInThisTogether can mask that we are far apart. -promoted by Laura Belin

“REOPENINGS EXPOSE U.S. DIVISIONS” proclaimed Saturday’s New York Times.

A Google search for “divided America” returns 417 million pages.

Writing in The Atlantic, George Packer reveals what should be as plain as the masks on our faces and the gloves on our hands: Because of our many divisions, America is rapidly becoming a failed state: