Month: May 2022

FBI’s Handling of Trump-Alfa Bank Allegation ‘Unusual’: Former Agent

The way the FBI investigated allegations of a secret backchannel between the Trump Organization and Russia-based Alfa Bank was peculiar in several regards, according to a former FBI agent. A number of FBI agents and officials took steps that effectively shielded from scrutiny the source of the allegation: operatives tied to the Clinton campaign, according…


Elon Musk Responds After Overwhelmingly Winning Poll Against AOC

Tesla and SpaceX CEO Elon Musk has responded after comfortably winning a popularity poll on Twitter between himself and Rep. Alexandria Ocasio-Cortez (D-N.Y.). David Weissman, a Twitter user who describes himself as a “former Republican, former Trump supporter, and proud Liberal Dem,” initiated the vote after Musk invited Ocasio-Cortez to conduct a poll on Twitter comparing…


America’s Anti-Child Culture

Commentary Every decent human being is grief-stricken at the horrendous murders of 19 fourth-grade children and two teachers at Robb Elementary School in Uvalde, Texas. In the wake of the targeted atrocity, the usual commenters jumped to make the usual arguments about the need to restrict gun ownership or, on the other side of the…


The Loss of Trust Is Well Earned

Commentary Society is broken at many levels, and the economy too. We face a mental health crisis among young people following two years of unprecedented educational and social disruption. The highest inflation in most people’s lifetimes has people nearly panicked about the future, and that combines with strange and unpredictable shortages. And we wonder why….


German Inflation Accelerates to Highest Level in Nearly 50 Years

Inflation in Germany picked up its pace in May on the back of high energy and food prices, with government data released Monday showing annual price growth climbing to its highest level in nearly 50 years. Germany’s Federal Statistical Office said on May 30 that year-over-year inflation rose to 7.9 percent in May, up from 7.4…


Oil Prices Surpass $120 per Barrel as Europe Considers Sanctions on Russian Energy Imports

Oil prices remained elevated during early trading on May 30 as traders await Europe’s decision on Russian oil import sanctions. The Brent crude oil futures contract for July hit $120.02 per barrel at 11 a.m. UTC (7 a.m. Eastern time) on May 30, its highest level in over two months. Meanwhile, U.S. West Texas Intermediate…


Nestle CEO Does Not See ‘Significant’ Baby Formula Shortages Outside US

ZURICH—Nestle does not expect “significant infant formula shortages” in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday. “This was very much a domestic situation caused by the outage of a large facility in the U.S.,” Schneider said, after a shortage hit the U.S….


Fed’s Waller Supports 50 BPS Rate Hikes for ‘Several’ Meetings

The U.S. Federal Reserve should raise interest rates by a half percentage point each time at more than its next two meetings, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation. “I support tightening policy by another…


Science Loves This Superfood, So Why Aren’t You Eating It?

The story of amaranth is one of tenacity. The name comes from the Greek word amarantos—meaning “the immortal” or “the never fading”—a reference to a vibrant red flower head which maintains its color even after it’s dried. Amaranth was once a staple crop of the Toltec, Maya, and other Mesoamerican civilizations. For the Aztecs, this…


Emergency Powers Granted to Presidents Are Unconstitutional: Brennan Center for Justice

A portion of the pres­id­en­tial emer­gency action docu­ments, or PEAD—wide-ranging powers granted to the executive branch during times of emergency—have been disclosed using the Freedom of Information Act (FOIA), shedding light on some of the powers that can be exercised by American presidents. PEADs, first drafted during the Cold War era under Pres­id­ent Dwight Eisen­hower,…