Business
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Another Recession Signal: Credit Card Spending Is Slowing Significantly
(Mike Maharrey, Money Metals News Service) America runs on debt. And American consumers may be getting close to their credit card limits, yet another signal the U.S. economy could be teetering on the brink of a recession. (If it’s not there already.) According to the latest data released by the Federal Reserve, revolving credit cratered in…
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Report: New York City Failed to Control Overspending on Migrants
(Christian Wade, The Center Square) The Adams administration failed to provide oversight of a $432 million contract to provide services to newly arriving migrants, wasting millions of taxpayer dollars, according to a new audit. The report by City Comptroller Brad Lander, who is challenging Eric Adams in next year’s Democratic mayoral primary, blasts the city’s Department of…
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British Citizen Arrested over Facebook Comments amid Anti-Immigration Uprising
(Jacob Bruns, Headline USA) In response to recent anti-immigration protests, the British government began arresting citizens over social-media comments that the government disagreed with, the Business & Politics Review reported. Working-class British citizens and Muslim immigrants violently clashed in the streets following the murder of three young girls in Southport, England. Birmingham tonight.Pubs attacked.This is…
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The Rot in the Commercial Real Estate Market in One Story
(Mike Maharrey, Money Metals News Service) I’ve been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface. The story of one commercial real estate investment by UBS Group is a microcosm…
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I Thought Gold Was a Safe Haven! Why Did It Tank With Stocks?
(Mike Maharrey, Money Metals News Service) And in the blink of an eye, the expectation of a “soft” landing turned into worries about a crash landing! It was a bloody Monday in the stock market as analysts digested the dreary jobs report released Friday and suddenly discovered the rot in the economy’s foundation. They fretted…
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Kamala Picks Fellow Socialist Tim Walz to Join Extreme-Left Ticket
(Therese Boudreaux, The Center Square) Vice President Kamala Harris on Tuesday picked Minnesota Gov. Tim Walz for the Democrats’ presidential ticket against Republican former President Donald Trump. BREAKING. Kamala Harris has selected Minnesota Gov. Tim Walz as her VP choice. Who is Tim Walz? Let’s take a quick look: • Fueled BLM Riots in 2020•…
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SCOTUS Rejects Missouri AG’s Inter-State Challenge to New York’s Dubious Trump Gag Order
(Headline USA) The U.S. Supreme Court on Monday shut down Missouri’s bid to remove a gag order in former President Donald Trump’s Manhattan porn-star case and delay his sentencing over concerns that the leftist lawfare activists—including biased Judge Juan Merchan—were engaged in election meddling. The Missouri attorney general sought to sue New York after the…
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Judge: Google Exploiting Search-Engine Monopoly to Squash Competition
(Headline USA) A judge on Monday ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake up the internet and hobble one of the world’s best-known companies. The highly anticipated decision issued by U.S. District Judge Amit Mehta comes nearly…
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CNN Cites Taliban’s Sharia Law to Defend Against Defamation Lawsuit
(Luis Cornelio, Headline USA) CNN has turned to a baffling legal defense in a $1 billion defamation lawsuit: Sharia law, specifically that of the Taliban. The lawsuit, filed by Navy veteran Zachary Young, accuses CNN of falsely reporting that his company profited from efforts to rescue vulnerable women and children from Afghanistan. Last week, CNN filed a…
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BLACK MONDAY: Dow Drops 900 Pts; Japan Faces Worst Crash Since 1987
(Headline USA) Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets worldwide. The S&P 500 was down by 3.1% in morning trading, coming off its worst week in more than three months. The Dow Jones Industrial Average was down 956…
