U.S. factory orders fell into negative territory for the first time since October 2020, delivering a fresh sign that America’s manufacturing sector is suffering a slowdown. The U.S. Census Bureau announced on Wednesday that orders for U.S. manufactured goods declined by 1.0 percent in year-over-year terms in May, the first time in 31 months that…
Could Australia’s Tourism Industry Be Threatened by the Climate Change Agenda
Is flying about to become the new smoking as the world attempts to transition to net zero? In Australia, flying is a critical part of our tourism industry, but a new report may put taking to the skies and our tourism industry under threat. According to The Future of Urban Consumption in a 1.5-degree C…
Federal Reserve Economists Still Expect a Recession Later This Year, FOMC Minutes Show
Federal Reserve economists still expect a recession starting later this year, according to minutes from the June Federal Open Market Committee (FOMC) policy meetings. The economic forecast put together by staff at the policy meeting “continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions”…
Federal Reserve Expects More Rate Hikes Ahead Amid ‘Upside Risks’ to Inflation: FOMC Minutes
Federal Reserve officials expect more rate hikes ahead, while some had advocated for a quarter-point increase at the June Federal Open Market Committee (FOMC) policy meeting, according to new minutes. Rate-setting Committee members agreed that more rate increases are ahead but at a slower pace. They also found it acceptable or appropriate to leave the…
Foreign Business Looks Less Favorably on China
Commentary Rhetoric—whether from corporate executives or government officials—seldom comports with reality. And seldom is the gap as wide as on the subject of foreign investment in China. Beijing says that it is open for business and welcomes foreign investment when, in reality, it has made doing business in China more difficult than ever. Corporate executives…
Train Firms Plan Mass Closure of Ticket Offices in England
Train companies have unveiled plans to close most ticket offices at railway stations in England. The Rail Delivery Group (RDG), which represents rail companies, unveiled proposals on Wednesday which could lead to nearly all offices being shut, including those at some of the UK’s busiest stations, such as London Waterloo, London Euston, Birmingham New Street,…
Legal Group Warns ‘Woke Corporations’ of ‘Illegal’ DEI Programs After Supreme Court Ruling
The legal nonprofit organization America First Legal (AFL) and its Center for Legal Equality has put corporations “on notice” that all diversity, equity, and inclusion (DEI) programs are now “illegal.” In a July 3 press release, AFL cited the Supreme Court’s recent decision ruling that race-based admissions policies at U.S. colleges are unconstitutional after a lawsuit was filed against the…
Bank of England Calls Mothers ‘Birthing Parents’, Urged to Use Even More Gender Neutral Terms
Controversial charity Stonewall urged the Bank of England to use more gender neutral terms after praising it for referring to mothers as a “birthing parent.” Documents seen by The Epoch Times show how the central bank received a 12-page “feedback” report from the LGBT lobby group after it introduced the controversial terminology—which suggests people of…
UK’s Britcoin CBDC Plans Raise Monetary Stability Concerns
UK politicians and financial experts have expressed their concerns over the proposal to introduce a central bank digital currency (CBDC) dubbed “Britcoin.” A joint consultation by the Bank of England (BoE) and HM Treasury, established in February, received thousands of responses on the introduction of the digital version of the pound. The project was launched…
Bud Light’s Latest Move Pushes Drinkers Farther Away, Ex-official Warns
The former chief executive of Anheuser-Busch’s U.S. division warned that Bud Light will continue to see declines in sales if it avoids the controversy surrounding its decision to promote a campaign with a transgender influencer. “This chasm that we’re seeing between Bud Light and its consumers is only going to intensify because every time you…
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