Commentary “Twelve voices were shouting in anger, and they were all alike. No question, now, what had happened to the faces of the pigs. The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.” — George Orwell,…
Swiss Propose Liquidity Rules Costing Banks Little or Nothing Extra
ZURICH—Switzerland proposed updated rules to ensure major banks hold enough liquidity to absorb shocks, but the draft changes will cost banks little or nothing in additional capital and liquidity holdings, government documents showed on Thursday. The proposed revisions, which were sent into consultation on Thursday, aim to ensure that systemically important banks (SIBs)—which include Credit…
UK Police Jailed for Life for Sarah Everard Murder
The former British police officer who raped and murdered Sarah Everard in March is handed a whole life order on Thursday. It means the convict, 48-year-old Wayne Couzens who pleaded guilty to the kidnap, rape, and murder of Everard, will most likely die in prison as the sentence comes without any possibility of parole or conditional release unless there…
EU Wants to Extend Looser State Aid Rules for Virus-Hit Companies to Mid-2022
BRUSSELS—The European Commission on Thursday proposed extending looser state aid rules for virus-hit companies for six months to June 2022 in a bid to slowly wean them off the billions of euros provided by governments across the European Union. The EU executive, tasked with ensuring a level playing field in the 27-country bloc, also proposed…
Texas Decides to Defend America: Fact, Not Brag
Commentary A week after Sept. 11, 2001, I spoke with a disaster-response expert about terrorist targets in Texas. The Houston Ship Channel, “with all those refineries,” was his first reply. How to protect it? He said: “You tell me.” In December 2020 Forbes magazine published an article by David Blackmon addressing the vulnerability of offshore…
Hidden in Spending Bill: Billions for ‘Community Organizations’
Commentary Democrats are pushing to pass a multitrillion-dollar spending bill called the Build Back Better Act. It ought to be called the Political Scam Bill. Buried in the 2,465 pages are numerous billion-dollar grants to unnamed community organizations for vague purposes such as promoting “community engagement” and “creating equitable civic infrastructure.” Translation: Your taxpayer dollars…
South Dakota Attorney General Reviewing Noem’s Meeting With Daughter, Officials
South Dakota’s attorney general is looking into a meeting Gov. Kristi Noem had with her daughter and top officials last year. “I have been contacted by concerned citizens and legislators. I am actively reviewing their concerns and I will be following the steps prescribed in codified law in relation to those questions,” South Dakota Attorney…
Stagflation Risk: Stephen Roach Latest Economist to Sound Alarm on 70s-Style Inflation
Stephen Roach is the latest high-profile economist to sound the alarm on the risk of a 1970s-style stagflation—where economic growth falls but inflation stays stubbornly high. The former Morgan Stanley Asia chairman told CNBC in a Sept. 29 interview that the energy price spike is inflicting major damage to struggling supply chains and that he believes…
Homeless German Shepherd Rescue
An emotional rescue with a happy ending you will love to pieces. How wonderful to see kindness in action!
America Is Still Working
Commentary The Census Bureau has just issued its latest annual report, “Income and Poverty in the United States: 2020,” and American Enterprise Institute economist and blogger Mark Perry has extracted and summarized its highlights, as he does every year. Perry’s work is always illuminating because the data shows how much healthier the country is socially…
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