Commentary I was visiting with a friend who told me an all-too-familiar story. Her teenage niece adores TikTok. Too much. She spends many hours a day on it. It’s become her secret world, much more influential over her outlook on life than her parents, church, or physical community. It shapes her values and opinions. She…
Reclaim Control of Your Digital Life
July 21, 2022
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AnalysisBig TechBusiness & MarketsBusiness Columnistsdigital lifedigital mediainternetnotificationsOpinionprivacy
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The Political-Economy of Destruction
Commentary “Something feels off,” the outstanding journalist Sharyl Attkisson tweeted this morning. She didn’t elaborate on what she meant. And yet we all share that sense that the wheels are coming off. The progress we once took for granted is in question. There’s too much going wrong at once. We feel powerless to do anything…
What If We Define Recession Away?
July 19, 2022
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AnalysisBusiness & MarketsBusiness Columnistseconomic depressionNational Bureau of Economic ResearchNBEROpinionrecessionU.S. economyunemployment
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Commentary Another word has lost its traditional meaning. It’s the word recession, which is a postwar neologism in any case. The word depression—from the idea of depressed economic condition—became unsayable following the disaster in the 1930s. So the wordsmiths got busy and invented this new term based on the idea that the economy is merely…
Why Is Economic Science So Isolated?
July 18, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsCOVIDCOVID-19Deborah BirxeconomylockdownsOpinionPublic Health
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Commentary In Deborah Birx’s revealing book (“Silent Invasion”) on her role in the pandemic response, she continually pits public health against economic concerns. The opposition to lockdowns within the White House came entirely from the economics team. It drove her nuts. “I saw the economic consequences as a ‘tomorrow issue,’ while human life was a…
Can the Jobs Market Withstand Economic Gloom?
News Analysis The U.S. economy added a surprisingly strong 372,000 jobs in June. Many concluded that calls of a recession were greatly exaggerated after seeing the red-hot jobs report. But despite the solid employment recovery, some observers are skeptical that the jobs market is as healthy as the government portrays. The main concern is that…
Massive Leak Shows Big Data Is Central to CCP’s Ambitions, But It Does Not Protect Chinese Citizens
News Analysis The leak of a Shanghai police database containing personal details of a billion people has again highlighted the Chinese Communist Party’s (CCP’s) reckless attitude toward its citizens’ privacy. The CCP has frequently introduced data security-related laws in recent years, but instead of focusing on protecting the personal information of Chinese citizens, it has…
The Strangest Recession of Our Lifetimes
July 15, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsinflationOpinionrecessionstagflationU.S. economyunemployment
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Commentary The evidence of economic weakness and decline fill the headlines day by day, with major banks reporting lower earnings, big box stores with excess inventories, home sales skidding, and consumer sentiment crashing. Meanwhile, inflation in all sectors is raging so high and hot that it has overtaken every other issue that polls say matter…
The Great Squeeze in Profit Margins
July 14, 2022
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexCPIinflationOpinionPPIproducer price indexprofit marginsprofitabilityU.S. economy
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Commentary It’s beyond me why the Consumer Price Index (CPI) garners so much attention from the press, but the statistical release the following day barely makes a dent in the news cycle. That is the Producer Price Index (PPI). In many ways, the PPI is more important because it forecasts the plight of the consuming…
America’s Retreat by 1,000 Small Steps
Commentary Originally published by Gatestone Institute President Joe Biden has been lying about his knowledge and likely his involvement in his son’s business dealings since at least 2018. That is the inescapable conclusion to draw from a short voicemail recording discovered on the laptop computer that belonged to his son, Hunter and reported by The Daily Mail and The…
CPI Wednesday Delivered Very Bad News
July 13, 2022
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexconsumer pricesCPIinflationOpinionproducer pricesrecessionU.S. economy
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Commentary Yesterday afternoon, the financial markets were roiled by an early release of the Consumer Price Index that turned out to be a fake. It looked real and markets were flooded with sellers because the number came in at 10.2 percent year over year. That would imply more extreme efforts by the Fed to crack…
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