Category: Business & Markets

Mining Billionaire Says Too Much Fossil Fuels Leading to Inflation

Mining magnate and former CEO of Fortescue Metals, Andrew Forrest, believes an overreliance on fossil fuels is to blame for Australia’s record-high energy prices. In an interview with 2GB’s radio last week, Forrest declared that to combat high levels of inflation, Australia must swiftly transition to what he believes to be the cheapest form of…


AUKUS Subs Deal: Pentagon Seeks Congress Greenlight for Sub Transfer

The Pentagon has requested Congress to greenlight the transfer of up to two nuclear power submarines to Australia. The legislative proposals (pdf), which were first submitted on May 2 and made available online on May 23, come as U.S. defence officials argue that while the transfer may have a short-term effect, the transfer would allow…


Sen. McConnell Urges Senate to Pass McCarthy’s Debt Deal

Senate Minority Leader Mitch McConnell (R-Ky.) called on the Senate to pass a debt deal that was brokered by the House speaker and White House, arguing that the United States cannot default. “The United States of America will not default on its debt,” McConnell said Sunday after President Joe Biden and Speaker Kevin McCarthy (R-Calif.)…


US Still ‘Careening Towards Bankruptcy’ After Debt Ceiling Deal, Says DeSantis

The United States will still be “careening towards bankruptcy” after President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached an agreement to raise the debt ceiling by $4 trillion, says Gov. Ron DeSantis (R-Fl.) in a new interview. The 2024 presidential candidate appeared on “Fox & Friends” on Memorial Day and was asked about…


Here’s the Latest National Chain Facing Boycott Calls for Selling LGBT Onesies for Babies

Retailer Kohl’s may be facing a Target-style boycott as social media users highlighted the company’s “pride month” clothing for children. Among the items that Kohl’s is selling are LGBT-related onesies for infants and a rainbow-colored tutu for children, according to its website. Some of the items, for example, included a “Love Is Love” banner, as well…



When Environmental Radicalism Is More Harmful Than Good

Commentary When mindless environmental zealotry turns into environmental vandalism and economic destruction something is badly wrong. What turns the wrong into an inexcusable outrage is when the government allows it to occur, ignoring the common good which is at stake. This is exactly the state of play in the state of Victoria where the debt-ridden…


Ted Cruz Says He Sees an Issue With Target Boycott

Sen. Ted Cruz (R-Texas) responded to the Target boycott over the company’s LGBT clothes for children and said that it will be difficult to sustain, although reports have indicated that the firm has lost some $10 billion in market value so far. “What really came to bite Bud Light is that wasn’t a hard boycott,”…


Air France Flight Turns Back to Osaka After Malfunction: Kyodo

TOKYO—An Air France KLM SA passenger plane flying from Osaka in western Japan to French capital Paris turned back on Sunday after weather radar and speed meters malfunctioned while flying over the Pacific Ocean, Kyodo news agency reported. None of the 324 passengers and crew were injured, but the aircraft’s leading edge was damaged and…


The Most Valuable Gold Coins

Whether you’re a seasoned coin collector or just taking your first steps into precious metals investment, you’re likely quite familiar with the value of gold coins. Gold is a popular choice for investors because these coins tend to retain their value and beauty over time. They also feature a high value-to-weight ratio—a single gold coin…