Finance

Judge Refuses To Release Epstein Files, Says DOJ Should Do It Instead Of Legal ‘Diversion’

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A Clinton-appointed federal judge on Wednesday denied the Trump administration's request to unseal grand jury materials used to charge Jeffrey Epstein with sex trafficking, and instead said that the federal government is the 'logical party' to dump said 'files.'"The information contained in the Epstein…

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Leaked Emails Show EPA Sought To Discredit Scientist After Ohio Train Derailment Disaster

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Via American Greatness,Leaked emails from the Environmental Protection Agency (EPA) show that the agency sought to discredit an independent scientist who questioned official data on contamination following the East Palestine, Ohio train derailment and fire in February 2023.Following the official EPA…

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Big Mac Price Cuts Signal McDonald’s Return To Value As QSR Battles Intensify

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The era of $18 Big Macs, which we called "Mcflation," ignited during the Biden-Harris regime years of generational-high inflation fueled by out-of-control green spending, looks to be ending.A new internal memo obtained by The Wall Street Journal shows McDonald's will slash combo…

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She Thought That Her Computer Science Degree Would Get Her A Six Figure Job – Instead It Got Her An Interview With Chipotle

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Authored by Michael Snyder via The Economic Collapse blog,If you recently graduated from college, good luck trying to find a decent job. What we are experiencing right now reminds me so much of the early 1990s. If you were a new…

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‘Hawkish’ FOMC Minutes Shows ‘Majority’ Fear Inflation More Than Employment

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Since the last 'dovish' FOMC statement (and Powell's post-statement 'hawkish' presser) on July 30th, we have had 'cool' payrolls print and 'hot' inflation prints with retail sales mixed... and now everyone is anticipating Friday's speech by Powell at Jackson Hole. So,…

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FOMC Minutes: “Committee might face difficult tradeoffs” regarding Unemployment and Inflation

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by Calculated Risk on 8/20/2025 02:00:00 PM This is a little stale since this meeting was before the July employment report.From the Fed: Minutes of the Federal Open Market Committee, July 29–30, 2025. Excerpt:n their discussion of inflation, many participants observed…

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Wednesday assorted links

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1. “Statistical bias along less salient dimensions, such as physical attractiveness, is more likely to go undetected.” 2. The new Austin Vernon solar start-up. 3. Turn your research paper into a music video. 4. European freedom of speech increasingly in danger. …

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Meta Artificially Inflated Ecommerce Ad Metrics, Former Employee Claims

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Meta, the parent company of Facebook and Instagram, has been accused of artificially inflating the performance metrics of its ecommerce advertising product, Shops ads, according to a whistleblower complaint filed Wednesday in a U.K. employment tribunal.The complaint, brought by Samujjal Purkayastha,…

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DHS Secretary Says Southern Border Wall Will Be Painted Black To Deter Illegal Crossings

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Authored by Aldgra Fredly via The Epoch Times,Homeland Security Secretary Kristi Noem said Aug. 19 that President Donald Trump has requested that the entire wall along the U.S.-Mexico border be painted black in order to deter illegal crossings.Speaking to reporters in…

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In Live CNBC Audition, Jefferies’ Zervos Says Fed Not Independent, Powell Left-Leaning

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David Zervos, the Chief Market Strategist at Jefferies, has garnered significant attention as a potential candidate for the role of Federal Reserve Chair, amid increasing activity on prediction markets. This morning he placed his flag firmly in the ground as a front-runner…

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Bad news, Mises vindicated!

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U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said. Expanding on a plan to receive an equity stake in Intel (INTC.O),…

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WTI Holds Gains After Biggest Crude Draw In Over 2 Months, US Production Rises

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Oil prices are higher this morning, bucking a broadly risk-off sentiment across markets, following API's report overnight showing US crude stockpiles declined last week, while traders assessed negotiations to end Russia’s war against Ukraine.“Focus is gradually shifting back towards fundamentals,” said Arne…

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Autism Fabulist RFK, Jr. Shuts Down Research Into Possible Environmental Causes Even as He Escalated Broad-Based Attack Against Vaccines.

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Yves here. Since positions on vaccines have become so black and white (a cognitive bias!), we live in a bizarro world where those who dare bring up the topic are force-fit into one of two camps, regardless of what your views…

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Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years

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James Hardie Industries - the world's largest producer of fiber cement products, headquartered in Ireland and dual-listed in Sydney and New York - issued a grim housing outlook that sent its Sydney shares plunging the most in 50 years. The warning underscores deepening…

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Musk Reportedly Scales Back ‘America First Party’ Plans In Possible Détente With Trump

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There are emerging signs that Elon Musk and President Trump have reached a détente - well, at least for now. The public bickering has stopped, tensions over Trump's 'Big Beautiful Bill' have faded, and both men have found common ground in backing the deployment…

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Links 8/20/2025

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Watch: London Zoo’s capybaras and tortoises on weigh-in day BBC Going with the flow: How penguins use tides to travel and hunt PhysOrg Your Dog Has a Unique Ability to Read Your Mind. Here’s Why. ScienceAlert (Chuck L) Are Those Marble…

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Tucker Slams Predatory Buy Now Pay Later Loans as the Economist Celebrates This New Debt Slavery Device

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We have entered a parallel universe when Tucker Carlson, amplifying the concerns of right-wing activist Charlie Kirk, is calling for more financial regulation, here of a relatively new form of extraction called buy now, pay later loans. Due to buy now,…

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Israel Considers Military Recruitment Inside USA As Soldier Shortage Persists

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Amid an enduring soldier shortage, and as an all-out occupation of Gaza looms, the Israel Defense Forces are considering a campaign to recruit soldiers from Jewish populations living in the United States and other countries around the world. According to Israeli Army Radio,…

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The Garbage Cafe

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Every day, hungry people arrive at this cafe in Ambikapur, a city in the state of Chhattisgarh in central India, in the hope of getting a hot meal. But they don’t pay for their food with money – instead, they hand…

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