Democrat Spending Nears $3.5 Trillion With Inflation Reduction Act
The passage of the Inflation Reduction Act over the weekend brings the total amount of spending in the pipeline by congressional Democrats to around $3.5...
Manchin-Schumer Energy Deal Proves the Power of The Swamp
Commentary Never doubt the power of The Swamp. That’s the apparent lesson to be learned from Senator Joe Manchin’s reversal on the energy-related provisions of...
‘Substantial’ Risk That High Inflation Becomes Entrenched, Expectations De-Anchored: IMF
With inflation climbing to multi-decade highs and price pressures broadening out, the International Monetary Fund (IMF) has warned that there’s now a “substantial risk” that...
Procter & Gamble Warns That American Consumers Are Starting to Crack Under Inflation
Procter & Gamble warned on July 29 that consumers are beginning to buckle under the weight of inflation, prompting shoppers to look for discounted brands....
BlackRock, World’s Largest Asset Manager, Lost $1.7 Trillion in Clients’ Money This Year
BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according...
Reports of Depositor Accounts Being Frozen, as China’s Banking Crisis Spreads
Bank depositors in several Chinese provinces have reported their bank and credit accounts have been frozen, actions seen as being related to bank runs in...
Gas Prices Could Soar Again as ‘Oil’s Second Act’ Is Coming, Expert Predicts
Even though gasoline prices have slid below $4.50 per gallon on average nationwide in what’s been a multi-week downward trend, an industry expert warns that...
This Ain’t Your Daddy’s Inflation: Part 3
Commentary The Volcker recession of 1981–82 crushed inflation out of the economy, and presented economists with a new challenge: Rather than high and rising inflation,...
Competing Directly With Belt and Road Initiative Spells Disaster for Western Taxpayers
Commentary U.S. President Joe Biden’s announcement at the 2022 G7 meeting that $600 billion would be given to the developing world should set off alarm...
Are ‘Inflation Relief’ Checks Like Pouring Gas Onto Inflationary Fire?
News Analysis As some states mull or roll out “inflation relief” in the form of checks or tax rebates in a bid to help households...