“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
[PREMIERING 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
Chicago Walgreens Restricts Unlocked Aisles to Two Due to Crime
June 6, 2023
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A Walgreens in Chicago redesigned a store that would allow customers to browse only two aisles of products because of crime. Customers can only access those shelfs after they pass through anti-theft detectors. “Non-essential” items can only be ordered digitally from kiosks and later picked up at a counter as part of a pilot program, according…
Legacy Media Illegally Colluded With Big Tech to Censor News Publishers: Lawsuit
Some of the oldest media organizations in the world illegally colluded with Big Tech companies to censor news publishers, according to a new lawsuit. Reuters, the Associated Press, the BBC, and the other organizations violated U.S. law with the collusion, which was done after forming a new coalition called the Trusted News Initiative (TNI), the…
Congress Bill Wants AI Content to Be Labeled
June 6, 2023
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Content created by Artificial intelligence (AI) could soon be labeled as such, as a bill has been prepared in Congress for its regulation. Rep. Ritchie Torres (D-N.Y.) is planning to introduce a bill that will require any content produced by AI—whether it be text, image, or video—to have a disclaimer attached to it informing that…
Target’s $13 Billion Stock Plunge Is a Message for Woke Corporations: Kevin O’Leary
Venture capitalist and “Shark Tank” television personality Kevin O’Leary said that part of Target’s recent multibillion-dollar stock plunge is about investors sending a “Get woke, go broke” message to corporations which chase progressive social and political agendas. Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items…
BlackRock Pushing Chinese Social Credit System in America: News Editor
June 6, 2023
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A news editor slammed BlackRock for attempting to push a Chinese regime-style social credit system into American industry and warned in a recent interview that CEOs were feeling the heat due to such attempts. Breitbart’s economics editor, John Carney, said that BlackRock, with its environmental, social, and governance (ESG) agenda, was trying to implement China’s…
Lululemon CEO Defends Firing Employees Who Confronted Robbers: ‘Step Back, Let the Theft Occur’
Lululemon CEO Calvin McDonald defended the firing of two employees who confronted three masked thieves robbing a Georgia store and called the police, with McDonald saying that company policy is for staff to “let the theft occur” and not try to intervene. “We have a zero-tolerance policy that we train our educators on around engaging…
Formal Demand Letter Sent to Target Over ‘Radical LGBT’ Agenda
Former Trump presidential adviser Stephen Miller’s America First Legal formally demanded that Target be transparent in the midst of backlash against the big box chain for its decision to sell “pride”-related items for children. The group, working on behalf of the National Center for Public Policy Research (NCPPR), served Target Corporation with a “formal demand…
Ford Recalls 125,000 Vehicles Over Engine Failures That Can Cause Fires
WASHINGTON—Ford Motor Co. said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire. The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020–2023 model years with 2.5L hybrid or plug-in hybrid engines, according…
Twitter’s New CEO Linda Yaccarino Logs First Day in Role
Twitter’s new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she said in a tweet late on Monday, about a month after Elon Musk named her as the new CEO. “It happened—first day in the books!” she posted on Twitter, without providing further details. Yaccarino, the former advertising chief…
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