News Analysis The public loathing of these price increases cuts across all party and demographic lines. Many people express the same longing: “These prices have to go back to normal. It’s killing me. Surely things will settle down.” This is a widespread hope born of disbelief of what has happened in such a short period…
The Massive Wealth Transfer That No One’s Talking About
Commentary While inflation and skyrocketing rents have been grabbing the headlines, there’s a bigger story that’s going on. With the poor and the middle class being forced to pay more at the grocery store, the gas pump, and to their landlords, they’re lining the pockets of the wealthy. There is a huge wealth transfer occurring…
How Inflation Hurts Retirement
Commentary Inflation hurts consumers—that’s obvious—but what about retired people? If you are on a fixed income and the price of consumer goods continues to rise, your purchasing power drops. If you are no longer working (or no longer able to work), how can you generate more income to compensate for the loss of purchasing power?…
TikTok: The Digital Equivalent of Crack Cocaine
Commentary ByteDance employees in China have repeatedly accessed the private information of tens of millions of American TikTok users, according to a recent report from BuzzFeed News. The people behind the app cannot be trusted. Moreover, the app itself is dangerous. Like an illicit, highly addictive opiate, TikTok ruins lives. When you hear the word “addiction,” what images spring…
The Evisceration of the American Work Ethic
June 20, 2022
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ambitionAmerican work ethicbourgeois ethosbourgeois valuesBusiness & MarketsBusiness Columnistsdemoralizationfreedomlockdownstechno-feudalismVirtuework ethic
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News Analysis “I can’t seem to hire good and reliable people anymore,” the manager of an Apple store told me over the weekend. “I don’t get it. They aren’t motivated by money. They can’t show up on time. They are not driven to do better. There is no personal ambition. Something is wrong.” His own…
Gauging Investor Sentiment Post-Rate Hike
Commentary The financial markets are reeling. Those who followed the proverbial “sell in May and go away” are sitting in a relatively good position. For everyone else? The U.S. stock market officially entered bear market territory, and the Federal Reserve delivered a massive 75 basis point rate hike, the biggest benchmark rate increase since 1994….
Killing Jobs in the Name of Saving the Planet
During the State of the Union address to Congress this year, President Joe Biden delivered an astoundingly Orwellian endorsement of socialism, clothed as its anti-matter counterpart. “I’m a capitalist, but capitalism without competition isn’t capitalism,” the president declared. “It’s exploitation, and it drives up prices. When corporations don’t have to compete, their profits go up,…
Large Private Investment Funds Need Closer Oversight
June 18, 2022
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BlackRockBusiness & MarketsBusiness ColumnistsDodd-Frank laweconomic policiesInvestmentOpinionsecuritiesViewpoints
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Commentary Recent news reports that the top Justice Department antitrust lawyer, Jonathan Kanter, is planning to scrutinize large private investment funds’ practice of “rolling up” competing companies to create monopolies and oligopolies. That may be a good idea on the antitrust front, but let’s take a step back and look at the risk front. In 1995,…
California Scheming: The Progressive Leadership’s New Plan to Impose High-Cost, Low-Quality Medical Care
June 18, 2022
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Business & MarketsBusiness ColumnistsCaliforniaeconomic policieseconomyhealth careOpinionsingle-payer government health careViewpoints
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Commentary With a budget surplus of more than $200 million, the California legislature is thinking big, really big, and that means one thing: single-payer government health care, which recently was introduced as AB 1400. Notes the Los Angeles Times: “This measure … would completely change health care coverage for Californians. Insurance companies would be shoved aside….
Team Biden’s Gas Inflation Disaster
Commentary The Democrats are in trouble—big, big trouble. Gas prices are up—way, way up. See the parallel? It’s been said that “it’s the economy, stupid.” Now the most obvious economic problem that Americans have is filling their tanks. So we can change the saying. It’s the gas, stupid. And gas prices won’t come down for…
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