Finance
Authored by Kevin Downey Jr via PJMedia.com,The media is shifty when it comes to mass shootings.They decide which shootings we do and do not get to hear about. If a shooting doesn’t jive with the liberal narrative, you’re not likely to…
The currencies from Kuwait and Bahrain and Grand Cayman are more valuable than the U.S. dollar, the British pound, and the euro usually if not always as of late. Why aren’t more currencies greater in nominal value? True, nominal variables should…
Something curious is taking place in the world of bitcoin as the price of the largest digital token tumbles to a two year low amid the second crypto winter accentuated by one man's historic fraud: retail refuses to sell.According to a…
by Calculated Risk on 11/24/2022 11:28:00 AM Here are five economic reasons to be thankful this Thanksgiving. (Hat Tip to Neil Irwin who started doing this years ago)1) The Unemployment Rate is Near 50 Year LowThe unemployment rate was at 3.7%…
Via Political Calculations blog,Having covered the inflating cost of a Thanksgiving turkey in 2022, we're turning our attention to something very different: the shrinking size of U.S. farm-raised turkeys in 2022.That became a cause of concern for American consumers after the U.S. government…
1. Does quantum entanglement enable mechanisms that guarantee PD cooperation? 2. Building the Empire State Building. 3. Enter Inspector Gadget, and Wilkie Collins. 4. FT dialogue with Brad DeLong. 5. The other AEA — Actors’ Equity Association — lifted mask mandates…
Last week, we observed that delusion and hope can only last so long (even when one's salary depends on it) as US homebuilder confidence crashed to COVID lockdown lows in November after failing (or refusing) to see what was obvious to…
Authored by Chris Melore via StudyFinds.org,Thanksgiving is typically a time for big family celebrations and lots of food, but a new survey finds the struggling U.S. economy is forcing many Americans to cut back this year — or not celebrate at…
Apple's manufacturing partner Foxconn Technology Group has begun distributing 10,000 yuan ($1,400) to newly recruited workers to leave the world's largest iPhone factory in central China to quell the unrest, reported Bloomberg. Late Wednesday, Foxconn proposed the payout plan to new hires, pleading…
Authored by Michael Snyder via The Economic Collapse blog,I know that things aren’t great right now, but please try to enjoy the next few days, because it appears that economic conditions could quickly get a whole lot worse after Thanksgiving. I…
Burglars in Bavaria have stolen 'several million euros' worth of gold from a Celtic Roman Museum in Manching near Ingolstadt, Die Welt reports.The treasure, which is over two thousand years old, consisted of 483 coins which were discovered near Manching in…
How to Talk to a Fox News ViewerThose on the Left need to stop ignoring the science of Influence & PersuasionTBP, November 22, 2018 As noted in 2018, I enjoyed playing with this concept so much that I created several versions…
By Heather Burke, Bloomberg Markets Live analyst and reporterRetail’s horrible 2022 is unlikely to get any better as the all-important holiday season unofficially kicks off this week amid an unprecedented cost-of-living crisis on both sides of the Atlantic.Retail is one of…
Have you noticed that Brussel sprouts are enjoying a renaissance? Once scorned they are now showing up at top-notch restaurants. NPR: Foods go in and out of style. Few of them, though, have gone through as dramatic a renaissance in their…
Readers, I hope you are all having an excellent Thanksgiving. Purely for due diligence, I remind you to encourage kindness and helpfulness wherever you are. –lambert Welcome to the Tiny Town Where Half Your Neighbors Are Polar Bears WSJ Why Wild…
The West is inching forward with providing Ukraine significant air power, at a moment President Zelensky continues pressing for NATO countries to "close the sky". UK Defense Secretary Ben Wallace has announced Britain will for the first time send helicopters to…
Spain already witnessed one of the most spectacular housing bubbles and busts so far this century. As pressures in the mortgage market begin to grow, the government and banks are desperately trying to avoid a rerun. Following weeks of negotiations with…
Lambert here: More trouble…. By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. Sales of new single-family houses have been zigzagging along low levels for months. In October, they rose 7.5% from September, after having plunged 11% in…
My morning train WFH reads: • 10 Things for Crypto People to Say at Thanksgiving This Year: It’s going to be an awkward conversation. Use these phrases to preserve your reputation. (Bloomberg) • 9 tips to debunk false claims made by…
Authored by Dave DeCamp via AntiWar.com,The White House said Tuesday that Turkey has the "right to defend themselves" from Kurdish militant groups in northern Syria and Iraq following massive Turkish airstrikes in the region."Turkey does continue to suffer a legitimate terrorist threat,…
A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season begins. Supply crunches could jeopardize critical transportation networks since the industrial fuel powers ships, trucks, and trains.…
Via Remix News,In a resounding decree released on Tuesday, Pope Francis sacked all leaders of the Caritas Internationalis charity, appointing a temporary Vatican administrator to head the confederation of 162 Catholic relief, development, and social service organizations operating in over 200 countries and…
If Volkswagen was hoping for a post-pandemic bounce back in China, they may have to wait another year...The automaker announced this week that they are expecting sales in China to stay nearly steady on a year-over-year basis from 2021. The company…
Authored by John Cody via Remix News,Following growing tensions between Italy and France over the issue of boat migrants in the Mediterranean, French Interior Minister Gérald Darmanin has resorted to extremely harsh rhetoric, referring to the Italian government as “enemies of…
Happy Thanksgiving! The painter’s name is…George Mason, further explanation here.
Dear patient readers, Starting today and through next Monday, we will have three regular posts a day. I believe Lambert will do a Water Cooler on Friday but that’s up to him. To give our diligent moderation staff a break, moderation…
Authored by J.B.Shurk via The Gatestone Institute,"There comes a time," Martin Luther King Jr. advised, "when one must take a position that is neither safe, nor politic, nor popular, but he must take it because conscience tells him it is right." Moral…
US Army officials are preparing to announce the winner of the Future Long Range Assault Aircraft. The contest comes down to Bell Textron and Lockheed Martin Sikorsky competing for the FLRAA contract to replace the Army's decades-old Black Hawk.Bloomberg spoke with…
Authored by Kit Knightly via Off-Guardian.org,President John Fitzgerald Kennedy was not assassinated with three shots from the book depository fired by Lee Harvey Oswald. And almost all of us know it.In opinion polls going back to November 29th 1963, just a week after the…
The Central Intelligence Agency is seeking to tap Russians as potential spies who are "disgusted" with Putin's war in Ukraine, The Wall Street Journal reported this week, as part of a new push to bolster its ranks of Russian assets.The CIA's…
Authored by Zachary Stieber via The Epoch Times (emphasis ours),Healthcare workers in a healthcare facility in Portland, Ore., in a file image. (Nathan Howard/Getty Images)A report promoted by the Oregon Health Authority (OHA) has been corrected after falsely claiming nearly 50…
Becoming an astronaut has seemingly lost some of its glamor, at least in the United States and the United Kingdom, where children are three times more likely to want to be a social media influencer than to jet off into space.However,…
Authored by Brad Jones via The Epoch Times (emphasis ours),San Francisco Mayor London Breed speaks during a news conference in San Francisco on Jan. 15, 2020. (Justin Sullivan/Getty Images)Guaranteed income programs for transgender residents in San Francisco and Palm Springs have…
The mea culpa tour for Sequoia Capital, who lost $150 million in the FTX blowup, continues. The venture capital firm reportedly apologized to its fund investors yet again last Thursday in a conference call, vowing "to improve its due diligence process for future…
Authored by Lorenz Duchamps via The Epoch Times (emphasis ours),Bill Gates, chair of the Maricopa County Board of Supervisors, confirmed that he was moved to an undisclosed location for safety reasons amid security concerns in connection to the 2022 midterm elections.While…
The global energy crisis brought about by Russia's invasion of Ukraine has increased interest in alternative energy sources, including nuclear, around the world. However, as Statista's Katharina Buchholz explains below, the age of nuclear infrastructure, the fact that the technology had…
Authored by Katie Spence via The Epoch Times (emphasis ours),Florida Gov. Ron DeSantis on Nov. 19 acknowledged “underwhelming performances” by Republicans in the midterm elections and contrasted the losses elsewhere with what he called a “true Republican landslide” in Florida.“We added four new…
On Tuesday we reported that the Associated Press had fired reporter James LaPorta, two days before his birthday, over an erroneous report which cited a 'senior US intelligence official,' who claimed that a Russian missile fired into Poland had killed two…
Authored by Jonathan Turley,I have previously written about how New York has proven time and time again as the gift that keeps on giving for the National Rifle Association (NRA) and gun-rights groups. New York Democrats continue to pass laws that are virtually…
So much for skipping out on meat to get healthier...One of Beyond Meat's "key" factories was "reportedly riddled with mold, bacteria and other health-related concerns", the NY Post reported this week, citing evidence that was obtained from a former employee. Leaked internal…
by Calculated Risk on 11/23/2022 06:12:00 PM Freddie Mac reported that the Single-Family serious delinquency rate in October was 0.66%, down from 0.67% September. Freddie's rate is down year-over-year from 1.32% in October 2021.Freddie's serious delinquency rate peaked in February 2010…
Authored by Dorothy Li via The Epoch Times (emphasis ours),Michael Bloomberg, chair of the Pentagon’s advisory panel, apologized to attendees at an economic forum hosted by his company after former UK Prime Minister Boris Johnson’s speech that singled out the communist…
While spending time with family and friends at Thanksgiving remains important for many Americans, the cost of that indulgence has never been higher, up a stunning 20% from last year to $64.05 for the classic feast.The cost for the classic meal…
Submitted by QTR's Fringe FinanceTo be honest, it’s kind of hard to try and entertain the innuendo and rumors that Democrats and the media are working to do damage control on behalf of Sam Bankman-Fried, the founder of now-bankrupt crypto exchange…
The White House has unveiled another $400 million in defense aid to Ukraine, which is also to include urgently needed generators as the national energy grid has been severely degraded by Russian airstrikes, leaving at least 10 million people without power. This…
As we discussed last night, Sam Bankman-Fried has now demonstrated that he is both a pathological liar and a sociopath, the kind who in "explaining" to his employees how he stole billions (over $4 billion according to new FTX CEO John…
Solid durable goods data sparked weakness in stocks (good news is bad news), but really ugly recessionary PMI prints prompted the 'bad news is good news' reaction in stocks and sent them soaring. But all those gains were erased when Europe…
The last few months have seen a growing number of companies choosing to exercise their freedom of speech by choosing to abandon any advertising platforms that dare allow freedom of speech to virulently spread among its users.Pretty soon the only advertiser…
While prevailing consensus was that the Fed didn't really say anything unexpected, or anything that wasn't already telegraphed both in the Nov 2 statement and subsequent Fed speak, Wall Street commentators agreed that "the statement overall comes across as dovish" as…
A long running debate between reader JohnH and just about anybody else on this website involves UK 2015 (1) inflation, and (2) real wages, with JohnH quoting from various documents. I thought it useful to GET THE DATA MYSELF to resolve…