Commentary A lot of people are moving out of California. Over the last two years, California has lost about 300,000 people. Major companies, including Telsa, Oracle Corp, and HP have abandoned California for Texas. With high taxes, lots of regulations, high crime, poor schools, mishandling of the pandemic, and “woke” policies, it isn’t surprising that…
Buying or Renting? The Old Question Is Back
September 2, 2022
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AnalysisBusiness & MarketsBusiness ColumnistshousinginflationmortgageOpinionreal estate marketrecessionrenting
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Commentary Every young person moving into adulthood faces the great question of whether to buy or rent their primary residence. That question just became much more complicated. The ratio between the two just expanded to the greatest gap since 2008, and it does not favor buying. Mortgage rates have made buying completely unaffordable even for…
Biden MAGA-Bashing Speech Could Cool Democrats’ Midterm Momentum
September 2, 2022
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2022 Midterm Elections2024 electionAnalysiscongressDemocratsDonald TrumpMAGAOpinionPoliticsRepublicansUSUS NewsUS President Joe Biden
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News Analysis When President Joe Biden accused MAGA Republicans of being “a threat to this country” in his Sept. 1 primetime address at Philadelphia’s Independence Hall, Democrats’ prospects of retaining control of the U.S. House and capturing the U.S. Senate in November’s midterm elections appeared to be on the upswing. Democratic candidates in congressional races…
China’s Forced Organ Harvesting Demands US Response
Commentary American doctors go to great lengths to maintain the highest ethical standards as they work to save thousands of desperately ill patients waiting for an organ match, as underscored in recent reporting of innovative transplant experiments using genetically modified pig hearts. China’s transplant sector, unconstrained by rigorous ethical rules, found a more expedient solution….
Much More of Much Less Demand
Commentary ADP wanted to get its employment numbers right, or as close to accurate as it could possibly reach. The payroll processing company had been maintaining its own set of labor estimates from all the way back to the start of the 21st century. Unsatisfied with how the data performed over the last couple of unusual…
Germans Laughed at Trump’s Russia Warning, But It Proved Prophetic
September 1, 2022
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AnalysisBusiness & MarketsDonald Trumpeconomic policieseconomyenergyEuropeGermanyinflationInternationalNatural gasOpinionPoliticsRepublicansRussiaRussia-Ukraine WarTrumpUSWorld
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News Analysis In September 2018, the German delegation to the United Nations General Assembly snickered when then-President Donald Trump said their country would “become totally dependent on Russian energy.” Some observers gleefully joined in. Trump said during the same speech: “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation.”…
German Who Laughed at Trump at UN Won’t Comment on President’s Warning Coming True
September 1, 2022
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AnalysisBusiness & MarketsDonald Trumpeconomic policieseconomyenergyEuropeGermanyinflationInternationalNatural gasOpinionPoliticsRepublicansRussiaRussia-Ukraine WarTrumpUSWorld
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News Analysis One of the German diplomats who snickered when then-President Donald Trump said Germany would “become totally dependent on Russian energy” didn’t respond to a question on whether his views have changed as rising energy costs amidst the war in Ukraine seem to prove Trump right. Trump made the remarks during a speech to…
What If We Never Left Recession?
September 1, 2022
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AnalysisBusiness & MarketsBusiness Columnistsdepressioninflationlabor productivityOpinionrecessionU.S. economy
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Commentary There was some hope that the output revisions at month’s end would put to rest the recession debate. Instead, they only added more confusion because we still experienced two quarters of declining GDP as adjusted for inflation, which means recession. Those inflation adjustments can be a real buzz kill. The Bureau of Labor Statistics…
Trump Lawyer May Have Walked Into DOJ Perjury Trap, New Documents Reveal
News Analysis In a late-night filing on Aug. 30 in response to former President Donald Trump’s motion for an independent party to scrutinize documents seized from his Mar-a-Lago estate, the Department of Justice (DOJ) urged a judge not to grant the motion. Much attention has focused on a photograph attached to the DOJ’s filing. The…
Is the Fed Panicking or Bluffing?
August 29, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionU.S. economy
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Commentary The big takeaway from the Fed meeting in Jackson Hole, Wyoming—in person this time after two years of staying home and staying safe—was that the Fed is serious about stopping inflation. The message to the media was firm and unified. There will be no stopping this Fed until the target of 2 percent is…
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