A hedge fund founded by Wall Street billionaire Paul Singer warned its clients this week that the sudden end of cheap money has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”Continue Reading
US credit card balances hit a record in the third quarter as banks offered more cards to consumers with less-than-stellar credit ratings. Meanwhile, subprime auto loans hit their highest delinquency rate in ten years.Continue Reading
A new study finds that only 29% of American adults believe the Bible should be the foundation for determining right and wrong. 42% say “what you feel in your heart” should be the main determinant of moral values.Continue Reading
German Chancellor Olaf Scholz’s visit to Beijing last week may be the opening move in an effort to replace the US with China as a key ally and trade partner.Continue Reading
President Biden this week condemned political violence as a threat to democracy, but strangely enough, he failed to mention threats to Republican politicians or $2 billion property damage from “fiery but mostly peaceful protests” by liberals.
Drought across America’s farm belt threatens winter wheat and next year’s wheat, corn, and soybean crops. Add to that record low supplies and surging demand for diesel, and higher food prices will be with us for a while.Continue Reading
The UK’s National Health Service issued new draft guidelines to doctors on dealing with transgender youth: “Gender incongruence” is a phase that most children grow out of if left alone.Continue Reading
The Biden administration is replacing oil released from the Strategic Petroleum Reserve when the price drops below $80 a barrel. Democrats stopped President Trump from topping off the SPR in March, 2020 when the price was $24 a barrel.Continue Reading
German media reports that the size of the devices used to sabotage the Nord Stream gas pipelines means a state actor must be responsible. European Commission President Ursula Von Der Leyen promises the “strongest possible response.”Continue Reading
Russia is being blamed by most Western analysts for sabotaging the Nord Stream gas pipelines, but Poland’s former foreign minister has thanked the United States for doing the deed.Continue Reading