Interest Rate Tightening Will Cause Even More Economic Destruction
Federal Reserve policies attempting to promote economic and price stability are a major cause for the recent acceleration in consumer prices. According to popular thinking, the central bank is supposed to promote both steady economic growth and price stability, the economy is perceived as a spaceship that occasionally slips from stability to instability. Supposedly, when […]
Economic Crisis Claims Another Victim As More Than 130 Pizza Hut Locations File For Bankruptcy
Pizza Hut franchisee EYM Pizza LP filed for Chapter 11 bankruptcy protection on Monday. The lawsuit in the Eastern District of Texas could result in the closure of about 140 Pizza Hut locations across the South and Midwest. according to To NRN: EYM apparently owes Manufacturers Bank more than $21 million and Pizza Hut itself […]
US Economic Growth Beats Expectations In Second Quarter
The US economy grew by 2.8% According to gross domestic product (GDP) statistics released by the Bureau of Economic Analysis (BEA) on Thursday, the global economy is expected to recover in the second quarter of 2024. Growth in the first quarter of 2024 was low, but growth in the second quarter was 1.4% After being […]
David Frum Says Biden Should ‘Boast’ About Economic ‘Record’ Regardless Of Some ‘Sad People In America’
Former Bush speechwriter David Frum said Wednesday that President Joe Biden should “boast” about his economic “record” regardless of there being some “sad people in America.” Frum appeared on “Erin Burnett OutFront” to discuss what President Joe Biden should be discussing ahead of his first speech since withdrawing from the 2024 race. During his interview […]
‘Refugees’ Are Just Economic Migrants
Public opinion polls in 52 countries show that overwhelming majorities of people say the majority of “refugees” are not helpless victims of war or disaster, but simply economic migrants seeking work and aid. The polling company IPSOS 33,000 people from 52 countries Do you agree or disagree with the statement, “Most foreigners who want to […]
Harris Is Burdened by the Biden-Harris Economic Record
Harris can’t let go of the burden he’s been through. Intention Kamala Harris Can they overcome the American people’s dissatisfaction with the U.S. economy and the impact that the Biden-Harris administration’s policies have had on it? The Vice President said:Not limited by what can be done or what has happenedIn a bit of poetic justice, […]
July Border Numbers Show No Decline in Biden’s Invited Economic Migrants
President Joe Biden’s border czar, Alejandro Mayorkas, is letting in a steady flow of about 120,000 economic migrants a month through semi-legal entry points on the southern border, even as he damages Democrats’ 2024 electoral chances. The invitation comes as Mayorkas plans to expand “parole,” an emergency loophole in border law, from roughly 15,000 people […]
Chinese State Media Condemn JD Vance for His ‘Aversion to Economic Globalization’
Chinese state-run newspaper Global Times Sen. Vance (R-Ohio) on Thursday said China “experts” worry about a “clear inward-looking or even isolationist tendency” and an “aversion to economic globalization” that runs counter to the Chinese Communist Party’s orthodox ideology. Former President Donald Trump, the Republican nominee for the 2024 presidential election, on Monday selected Vance as […]
CrowdStrike CEO apologizes for faulty software update that apparently caused global economic mayhem
The leader of one of the world’s largest cybersecurity companies has apologized after a faulty software update halted the airline industry and much of the online shopping around the world. Just before 6 a.m. Friday, George Kurtz, CEO of Texas-based cybersecurity giant CrowdStrike, Social media Microsoft acknowledges that “a flaw found in a single content […]
Wokeness And Conservative Economic Power
Estimated Reading Time: 5 minutes As an observer of both the social scene and politics, it is interesting to see the reaction of Conservative Americans to two recent events. One is the purported firing of Tucker Carlson from Fox News and the other was the transgender pandering marketing effort by Bud Light. Related to the […]