Biden Makes Another Move To Crush Economic Development In Alaska
The Biden administration announced two steps on Friday to crack down on oil, gas and mining in Alaska. The Department of the Interior (DOI) announced that it is advancing a plan to keep 28 million acres of Alaska under protections from oil and gas development and also is cementing its decision to block the Ambler […]
Debate Showed Biden Still Trapped in His Old Economic Lies
Biden lives in a world of economic lies. President Biden said last night that he was completely Disconnected from the truth of the American economy And he was not prepared to discuss the country’s economic challenges. In opinion polls, Inflation is the No. 1 issue for votersSo it was only natural that the CNN moderators […]
Top economists claim Trump will be an economic disaster—They said the same thing in 2016
A group of leading economists published a letter this week warning voters that former President Trump would bring economic disaster if he won the election — the same warning many of them issued in 2016. At least nine of the 16 Nobel Prize-winning economists who signed Tuesday’s letter issued similar warnings about the economic perils […]
Consumer confidence drops on worries about US economic outlook
U.S. consumer confidence fell in June amid concerns about the economic outlook, but households remain Optimistic about the labor market It expects inflation to ease over the next year. A mixed survey released Tuesday by the Conference Board also showed that consumers’ perceived likelihood of a recession over the next 12 months fell this month […]
Consumer confidence dips in June amid economic unease
Consumer confidence in June dropped as people expressed growing pessimism about the short-term prospects for the economy. The Conference Board’s consumer confidence index fell to 100.4 in June, down from 101.3 the month before, the group announced on Tuesday. That is another warning signal for President Joe Biden, who has been trying to shore up support for his […]
‘Not Going Down Like That’: Sheng Thao Decries FBI Raid, Alleges Discrimination Based On Economic Status
Democratic Oakland Mayor Shen Tao made her first public appearance Monday since the FBI raided her home last Thursday. Thao has denied any wrongdoing and suggested the federal investigation may have targeted her because of her history rather than any criminal activity. according to The search was part of an investigation involving the Internal Revenue […]
‘No Evidence’ That Gun Buyback Programs Reduce Gun Violence, New Economic Study Finds
Estimated Reading Time: 4 minutes The latest research dovetails with previous studies that found gun buyback programs were ineffective but popular with the public Shortly before Christmas in 2018, a woman named Darlene voluntarily turned in a 9mm pistol to the Baltimore Police Department. It was just one of about 500 firearms the department collected […]
Biden’s phony numbers mask true economic pain
Official government statistics about the U.S. economy have been contradictory and confusing for some time. Closer inspection reveals that federal overspending and overregulation have seriously damaged the economy, and that the worst of these policies are yet to come. Latest Government Report show Both employment and average hourly wages rose more than expected in May, […]
Australian Dollar extends decline following mixed China's economic data – FXStreet
In Asian markets on Monday, the Australian dollar continued to fall as the US dollar strengthened. A hawkish Fed stance and challenges in China’s economic recovery are weighing on AUD/USD. Attention will be on the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday, although no changes to rates are expected. The Australian dollar […]
US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
Estimated Reading Time: 2 minutes The economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the […]