The Biden administration’s dramatic expansion of the role of the federal government in business, banking, and society, and sharp break from the deregulatory approach of the Trump presidency, has severely overburdened key sectors and industries of the U.S. economy and helped drive up inflation to the highest rate in four decades, experts say. The federal…
Biden Admin’s Reversal of Trump’s Deregulation Is Hurting Economy, Experts Say
May 27, 2022
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More Corporations Removed From ‘GenderCool’ Website Following State Farm Exit
May 27, 2022
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Business & EconomyCompaniesEducation & Family NewsgendercoolSocial IssuesState Farmtransgender ideologytransgender kidstransgenderismUSUS News
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A day after insurance company State Farm ended its partnership with an organization aimed at promoting transgender ideology among children, multiple corporations and a federal agency have been deleted from the project’s partner page. State Farm announced May 24 that it had withdrawn support for the “philanthropic” program GenderCool, which pushed for distributing books on…
‘Energy Emergencies’: US Summer Blackout Risks Grow Amid Global Energy Crisis
Many parts of North America are at risk of experiencing blackouts this summer, the North American Electric Reliability Corporation (NERC) warned in a new dire report. According to the non-profit organization’s “Summer Reliability Assessment” report (pdf), there could be widespread summer blackouts amid shuttered power plants, supply chain snafus, and intense heat. The group, which…
The Russo-Ukrainian War: A New Opportunity for Demagogues to Destroy Freedoms at Home
Commentary Politicians thoroughly enjoy times of war. Periods of bellicosity are when the most power-hungry members of the political class indulge in their most depraved political fantasies. The Russo-Ukrainian War has been no exception to this trend. Since World War II, Western politicians have taken advantage of the largest conventional military conflict on European soil…
Wall Street Opens Higher as Economic Data Allays Growth Worries
U.S. stock indexes opened higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief to investors worried about a sharp slowdown in economic growth. The Dow Jones Industrial Average rose 97.90 points, or 0.30 percent, at the open to 32,735.09. The S&P 500 opened higher by 19.59 points,…
Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist
A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that U.S. consumers polled about…
Shares of Dollar Tree and Dollar General Rise as Inflation Pushes Shoppers to Find Bargains
Shares of Dollar Tree Inc. and Dollar General Corp. surged on May 26 after upbeat financial news for 2022 from the two discount retail chains in the their first-quarter earnings reports. Many shoppers are flocking to discount retailers as U.S. inflation rates hit a four-decade high. “Despite ongoing headwinds due to supply chain pressures and heightened…
Dollar Drifts Up but Set for Biggest Weekly Drop in 4 Months
LONDON—The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A broad-based decline in U.S. Treasury yields,…
Oil on Track for Weekly Rise Amid Global Supply Concerns
LONDON—Oil prices edged lower on Friday but were on track for weekly gains, supported by the prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of an EU ban on Russian oil. Brent crude was down 20 cents, or 0.2 percent, at $117.20 at…
World Stocks Eye First Weekly Gain in Eight Weeks, Dollar Hits 1-month Low
LONDON/BEIJING—World stocks were heading for their first weekly gain in eight weeks on Friday on a more upbeat earnings view while the dollar hit one-month lows after the Federal Reserve’s minutes suggested it could put the brakes on rapid rate hikes later this year. Optimistic U.S. earnings outlooks overnight from department store operator Macy’s Inc….
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