KYIV/BRUSSELS—The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills. Russia was intensifying its assault, Ukraine’s defense ministry said, with nearly 50 air strikes carried out on Tuesday…
EU Aims for Russian Oil Ban as Ukraine Says Battlefield Assault Intensifies
May 4, 2022
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Stagflation Is Here
Commentary In February, we started writing and talking about stagflation. Stagflation is the rare combination of high inflation combined with negative economic growth. We expressed the point of view in this paper that inflation was understated by approximately 100 percent and was actually in the mid-teens. Further, we noted that once you adjusted fourth-quarter gross…
Elon Musk Calls for Investigation Into Far-Left Groups Trying to Pressure Advertisers
Elon Musk called for an investigation into left-wing organizations that are pressuring companies to boycott Twitter if Musk changes the social media firm’s content moderation policies, coming about a week after it was announced he would purchase the platform. It comes as about two dozen groups left-wing groups reportedly sent letters (pdf) to Coca-Cola, Kraft,…
Private Sector Employment Growth Slows Sharply as Small Businesses Shed Jobs: ADP
The pace of job growth among America’s private employers slowed sharply in April while small business hiring dipped into negative territory, according to payroll processor ADP, with the numbers painting a picture of a labor market recovery losing steam. Private-sector employment in the United States grew by 247,000 positions in April, according to ADP’s May…
Hunter Biden’s Laptop Repairman Sues Schiff, CNN, Politico, and the Daily Beast for Defamation
May 4, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesCrime and IncidentsElection IntegrityExecutive BranchFeatured TopicsHunter BidenJohn Paul Mac IsaaclaptopMedia & Big TechPoliticsUSUS News
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The Delaware computer repairman who received a damaged laptop computer from President Joe Biden’s son has sued Rep. Adam Schiff (D-Calif.), CNN, The Daily Beast, and Politico for alleged defamation. John Paul Mac Isaac, the 45-year-old former shop owner of Delaware computer, filed a multi-million-dollar defamation suit (pdf) in Montgomery County, Maryland on May 3, saying…
Hunter Biden Laptop Repairman Sues Schiff, CNN, Politico, Daily Beast for Defamation
May 4, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyChinaCompaniesCrime and IncidentsElection IntegrityExecutive BranchFeatured TopicsHunter BidenInfiltrating the WestJohn Paul Mac IsaaclaptopMedia & Big TechPoliticsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relations
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The Delaware computer repairman who received a damaged laptop computer from President Joe Biden’s son has sued Rep. Adam Schiff (D-Calif.), CNN, The Daily Beast, and Politico for alleged defamation. John Paul Mac Isaac, the 45-year-old former computer shop owner, filed a multimillion-dollar lawsuit in Montgomery County, Maryland, on May 3, claiming that he suffered financial…
Stocks Drift, Bond Yields Rise as Markets Wait for the Fed
NEW YORK—Stocks were mixed and bond yields rose Wednesday ahead of a widely expected interest rate increase from the Federal Reserve. Oil prices rose as Europe moved toward banning Russian oil. Crude oil prices rose 3.9 percent after Europe took a step closer to placing an embargo on Russian oil as that country continues its…
Elon Musk Invited to Give Evidence to UK Parliament on Twitter Takeover
May 4, 2022
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British ParliamentBusiness & EconomyCompaniesElon Muskfree speechMedia & Big TechOnline Safety BillSocial MediaTechTech NewsTwitterUKWorld
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Elon Musk has been invited to give evidence to a UK parliamentary committee about his takeover of social media platform Twitter. Julian Knight, a Conservative MP who chairs the Digital, Culture, Media, and Sport (DCMS) Committee, has written to the Tesla and SpaceX boss inviting him to “discuss the future of Twitter” in the British…
More Japanese Firms Adopt 4-Day Workweek to Improve Work–Life Balance
More Japanese firms have shortened the working week to four days, instead of the typical five days, following the government’s annual economic policy guidelines that aim to improve the nation’s work–life balance. Panasonic Holdings Corporation ADR was the latest company to adopt the four-day workweek, joining global bank Mizuho and Uniqlo operator Fast Retailing Co., local media Kyodo…
Musk Not Worried About Twitter Employees Quitting: ‘It’s a Free Country’
Billionaire tech mogul Elon Musk said that he’s not worried by a potential exodus of Twitter employees if his takeover bid becomes reality, with his remarks coming amid reports that some staff are unsettled by his buyout proposal. “It’s a free country,” Musk told reporters on the red carpet at the annual Met Gala in…
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