Many Americans expect the Internal Revenue Service (IRS) to target low- and middle-income households and small businesses, according to a new survey. A recent Convention of States Action and Trafalgar Group poll learned that 36.2 percent of respondents think the IRS will use its 87,000 new agents to audit low-income earners, middle-class Americans, and small…
More Americans Fear Small Businesses, Middle-Class Will Face Higher IRS Audits
Powell’s Warning at Jackson Hole Will Drive Bank of Canada’s Course, Says Economist
News Analysis U.S. Federal Reserve chair Jerome Powell spoke bluntly at a highly anticipated annual conference to dispel the assumption that because elevated inflation may have peaked, the Fed could soon pivot from continuing to aggressively hike interest rates. Canada is in the same boat as the United States, and Powell’s words served as a…
Study Predicts Healthy Diets Equal Longer Life
Studies have long found an association between consuming a healthful diet and better health, leading to a longer life, mainly from a reduced risk of cardiovascular disease, diabetes, and cancer. It has been estimated that dietary risk factors lead to 11 million deaths globally each year, making a poor diet the leading risk factor for…
Biden Ups the Rhetoric Against Republicans
Commentary President Joe Biden crossed a line of sorts last week when he characterized the philosophy of Donald Trump and his supporters as “semi-fascism.” “Fascism,” of course, is the verbal f-bomb of politics. As it’s most commonly used today, it’s an inflammatory insult, a rhetorical flame-thrower’s delight. It’s a virtual knee to the groin, a…
Teens and Tech Don’t Mix
Commentary Over the past several years, we have seen incident after incident that has shown that the “kids are not alright,” particularly teenagers, whose rates of depression, self-harm, substance abuse, and suicide continue to rise at alarming rates. As sociologists, psychologists, and others search for the reason this is happening, signs increasingly point to the…
Alberta on Track for $13.2B Surplus, Kenney Says Ahead of Fiscal Update
Alberta Premier Jason Kenney says the province is on track for a $13.2-billion surplus in this budget year. It’s an exponential escalation from the $511-million surplus forecast when the provincial budget was introduced in February. “Of course, a lot of that is thanks to the growth of commodity prices and royalty revenues,” Kenney, who is…
Australia to Prioritize Overseas Teachers Visas Amid Teacher Shortage, May Offer Hongkongers an Alternative Lifeboat Option
Jason Clare, Minister for Education and Youth of Australia, recently said visa applications for overseas teachers would be prioritized to help ease the country’s teacher shortage. On Aug. 12, Clare held a roundtable with provincial education ministers, teacher representatives, principals, and unions on how to address the national teacher shortage. He spoke about the idea…
4-Time Slam Champ Osaka Loses to American Collins at US Open
NEW YORK—Naomi Osaka walked off the court, headed toward the locker room and layed down, draping a towel over her face. Out-hit in Arthur Ashe Stadium by another big hitter, Danielle Collins, two-time U.S. Open champion Osaka was left to contemplate a second consecutive first-round loss at a Grand Slam tournament. Collins reached her first…
Michael Zwaagstra: Our Public Education System Is About to Fracture
Commentary School board trustee elections are currently taking place in four provinces: Ontario, British Columbia, Manitoba, and Prince Edward Island. While trustee elections are typically sleepy affairs, things are shaping up quite differently in Ontario. That’s because a significant number of trustee candidates are running on a so-called “anti-woke” platform. Fed up with schools imposing…
Has Inflation Peaked? White House Admits Maybe Not
August 31, 2022
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Bureau of Labor StatisticsBusiness & Marketseconomyhigh inflationinflationJared BernsteinUSUS NewsWhite House Council of Economic Advisers
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Jared Bernstein, a member of the White House Council of Economic Advisers, has admitted that inflation might not have hit its highest level yet. In an interview with Saleha Mohsin, senior Washington correspondent for Bloomberg News, Bernstein was asked about the inflation situation. “I’ve seen folks say that the peak is behind us. I’m just…
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