News Analysis A new Congressional Budget Office report projects an even more dire outlook for Social Security’s future than was previously calculated. Without action to fix the situation, huge benefit cuts for recipients will begin in 2033. And preventing those cuts will require massive tax increases for working Americans beginning immediately. In contrast to the Social Security trustees’…
Benefit Cuts of 23 Percent—and 4 Other Things to Know About the Government’s New Social Security Projections
The SBF Scandal: The Players and the Money
News Analysis The complexities of the FTX scandal with Sam Bankman-Fried at the helm boggles the mind. Unlike the Madoff scandal, which was incredibly simple, the funding, influence, and political networks sounding the $32 billion collapse of FTX is byzantine by design. Just have a look at the org chart of the company to get…
How and When Will This Inflation End?
December 13, 2022
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexCPIFederal ReserveinflationOpinionrecessionU.S. economy
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Commentary Can the press stop saying that inflation is “easing” please? It’s getting ridiculous. The Consumer Price Index came in at 7.1 percent from a year ago. That’s terrible. Yes, not as terrible as last month but look at the breakdown in detail. Food at home was up 10 percent and food at restaurants up…
Communist China Establishes Global Presence Through Local Police Overseas Stations
Commentary The Chinese Communist Party (CCP) is engaged in a multipronged campaign to establish its power overseas, especially over the ever-growing Chinese diaspora. It started for real with the launch of Fox Hunt, a campaign to hunt down Party members, state functionaries, and those working in or with public entities, and it seems to have…
The Border Is Less Secure Than Ever, and the Implications Are Deadly
News Analysis During a recent hearing of the House Homeland Security Committee, Congressman Dan Bishop (R-N.C.) asked Homeland Security Director Alejandro Mayorkas, “Do you continue to maintain that the border is secure?” Mayorkas replied, “Yes, and we are working day in and day out to enhance its security.” Contradicting that claim, objective measures show that the border is less…
Who’s Really Facilitating America’s Border Crisis?
News Analysis Catholic Charities and other non-governmental organizations are working in concert with the Biden administration to facilitate the worst border crisis in American history, according to an investigation that examined the movement of 30,000 mobile devices in the United States. The shocking report is a snapshot of the border crisis over the course of just one…
New Autopsy Report Reveals Those Who Died Suddenly Were Likely Killed by the COVID Vaccine
News Analysis A major new autopsy report has found that three people who died unexpectedly at home with no pre-existing disease shortly after COVID vaccination were likely killed by the vaccine. A further two deaths were found to be possibly due to the vaccine. The report, published in Clinical Research in Cardiology, the official journal of the German Cardiac…
China’s Progress Toward Nuclear Triad Faces Major Maritime Shortcomings
New Analysis Although the United States and Russia have cut down on nuclear weapons spending after the Cold War, China has been expanding its nuclear arsenal to match the top nuclear triad nations, resulting in greater tensions and threats of nuclear warfare. However, China’s ability to launch nuclear weapons at sea has become a challenge…
5 Principles of Stagflation
December 8, 2022
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AnalysisBusiness & MarketsBusiness ColumnistseconomicsinflationOpinionrecessionstagflationU.S. economy
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Commentary Stagflation is the combination of slow or falling economic output plus high inflation. For nearly two years, we’ve been stuck in this pattern and it still feels confusing. Prices for many items like cars and homes have whipsawed around in strange ways, up one month and down the next only to repeat the pattern….
Supreme Court Justices Question Biden Administration’s Border Policy
News Analysis The Supreme Court heard oral arguments Tuesday in a lawsuit filed by Texas and Louisiana over Biden administration guidelines that severely restricted the Department of Homeland Security’s enforcement of federal immigration law against illegal aliens. Twenty other states supported Texas and Louisiana with amicus briefs, ranging from Arizona to Florida and West Virginia to Wyoming. The Biden administration was appealing…
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