President Joe Biden’s pick for a top banking regulation position was withdrawn on Tuesday after strong pushback from Senate Republicans and several Democrats. Saule Omarova, a professor at Cornell Law School, drew criticism for her proposals to dramatically centralize banking and her thesis on Karl Marx, widely seen as the founder of communism. Biden said…
NTD Business Full Broadcast (Dec. 7)
Several Amazon services went down Tueday, affecting thousands of its customers, including some big names. The self-proclaimed founder of bitcoin just won an important court case, but does that mean he is the founder of the cryptocurrency? Tesla boss Elon Musk is weighing in on President Joe Biden’s social spending bill. What concerns does he…
Saule Omarova Shouldn’t Be Overseeing Our Banks
Commentary It is ironic when Democrats complain about sensational use of language. Thanks to progressives, practically every white person in America has been labelled a racist. But now Democrats are screaming because Republican Sen. John Kennedy suggested that Saule Omarova, whom President Joe Biden has nominated to head the Office of the Comptroller of the…
Gas Prices Are Rising. Who Did That?
News Analysis The stickers are a smash hit. At the top: President Joe Biden, pointing with double finger guns or, in one of several other versions, a single outstretched finger. Underneath him, in bold black text: “I Did That!” or a variation thereof. Slapped on a gas pump next to the digital meter display, the…
Omarova Invokes Margaret Thatcher to Justify State Control
Commentary What can we say about Saule Omarova, President Joe Biden’s nominee to the important Treasury position of head of the Office of the Comptroller of the Currency? I think of her as the Rosa Klebb of the Biden “let’s destroy America” pool of apparatchiks. You remember Rosa. She was the anaphrodisiac Bond villain in…
Bank Regulator Nominee Tries to Detach from Her Bank Centralization Ideas During Hearing
Saule Omarova, nominated by President Joe Biden for the role of one of the top banking regulators, on Nov. 18 tried to portray her recently published proposal to centralize banking as merely an outline of one among many options to consider rather than her own preference. Her proposal, outlined in an October paper titled “The…
US ‘Must Not Emulate Europe’s Disastrous Energy Blueprint’: Expert
Energy expert Robert Bryce said spiking energy prices in Europe are tied to an increased reliance on renewables and lowered investments in fossil fuels, arguing that the continent’s green policies provide the United States with a clear example of what not to do. Bryce, who made his remarks in testimony to the Senate Committee on Energy…
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