Commentary Inflation news in July and August had offered a few willing souls so inclined to hope that price pressures would dissipate quickly. Consumer price inflation was indeed remarkably slow. Measures over the prior 12 months came off the frightening highs of over 9 percent recorded last June. However, the hope of a quick, easy…
Inflation Persists
October 14, 2022
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Business & MarketsBusiness Columnistsconsumer price index (CPI)energy priceshousinginflationOpinionThinking About ChinaViewpoints
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TikTok Expanding to Everything
October 14, 2022
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Business & MarketsBusiness ColumnistsDonationsExpandmisinformationOpinionpocketThinking About ChinaTikTok
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Commentary TikTok is on a rampage, expanding into music, online purchases, search engines, fulfillment centers, and warehouses to rival not only Instagram, Facebook, and Google, but eventually Spotify, Apple Music, and Amazon. TikTok, and the Chinese regime that controls it, would like to be America’s “everything app,” an idea that Elon Musk is thinking about,…
Near Crash of Pound—A Warning of Global Crisis
Commentary The decline of the British pound has far-reaching implications for the global economy. The near crash of the British pound last month is just one of many such stories of declining currencies and central bank intervention taking place around the globe. It serves as a frightening harbinger of a major economic crisis to come….
Summer Saw Slumping Apartment Demand as Americans Put Off Moves
News Analysis Demand for apartments in the United States crashed this summer, with asking rents dipping in September and the number of renters moving out of apartments exceeding the number moving in during the third quarter. The surprisingly sharp drop in rental demand comes as home sales continue to weaken, suggesting that inflation and economic…
The Demise of American Cities and the Rule of Law
October 10, 2022
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Business & MarketsBusiness ColumnistsChicagocitieseconomyinflationlawOpinionrecessiontimeUSUS NewsViewpoints
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Commentary As voting in the midterm elections gets underway, crime and safety are the key issues. In cities across the country, the nightly news has endless scenes of store lootings, car jackings, and random attacks on innocents, without consequences for the offenders. Chicago stands out as a prime example in the current wave of lawlessness.Chicago…
The PayPal Fiasco Was No Accident
Commentary Over the weekend, PayPal sent out an update to its terms of use or acceptable use policy. It included a shocking addition. It reserved the right to confiscate $2,500 from people’s accounts if they spread “misinformation.” It was a clear announcement of what many already suspected: PayPal has enlisted in the information war. This…
The Beginnings of an All-Out Energy Catastrophe
Commentary Those waggish stickers we’ve been seeing at gas pumps, with President Joe Biden pointing to the inflated price, saying “I did that,” won’t be going away any time soon now that OPEC is cutting global oil supplies by two million barrels a day. But too few realize that this White House’s foreign policy is…
Mortgage Market on Red Alert
October 10, 2022
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Business & MarketsBusiness Columnistseconomyinterest rateMarketsmortgageOpinionreal estateUSUS NewsUS Real EstateViewpoints
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Commentary The financial markets are fragile right now. And there’s no better illustration of this than the multiple layers of issues plaguing the U.S. mortgage market. To U.S. consumers, the mortgage interest rate is probably the most direct translation of the Federal Reserve’s interest-rate moves. More than 50 million Americans have a mortgage, and a…
Users Reject PayPal’s Attempt to Limit Speech. They Should.
October 9, 2022
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arbitrary online censorshipBig Tech, Censorship, and SocialismBusiness & MarketsBusiness Columnistsbusiness websiteconstitutional rightseconomic policiesEditorialsFeatured TopicsOpinionPayPalTimeless PrinciplesUSViewpoints
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Commentary An update to the Acceptable Use Policy (AUP) of PayPal, the multinational payments platform, was interpreted to say the company will withhold up to $2,500 of account holders’ funds as “liquidated damages” if users “provide false, inaccurate, or misleading information.” The new policy was first highlighted by the Daily Wire on Oct. 7. Even…
A Cautious Fed Sets Up ‘Stagflation’ After a ‘Just Right’ Jobs Report, No ‘Soft Landings’
October 7, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyFederal ReserveinflationjobsMarketspricesrecessionstagflationstocksUSUS News
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Commentary September jobs printed at 263,000 new jobs, somewhat above the consensus estimate of 250,000 jobs. That’s 52,000 fewer jobs than were created in August 2022 and 161 fewer jobs than September 2021. July revisions added another 11,000 jobs; August was unrevised. It is generally believed that 200,000–250,000 jobs are required to accommodate population growth. The unemployment rate was…
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