The OC Register reports that a California judge has struck down a new law allowing as many as four units on a single lot: “The Legislature finds and declares that ensuring access to affordable housing is a matter of statewide concern and not a municipal affair,” SB 9 states. “Therefore, … (this law applies) to…
Category: Economy
Justice Thomas Raises Scrutiny On Special Counsel Jack Smith’s Appointment In Trump Hearing
Justice Thomas Raises Scrutiny On Special Counsel Jack Smith’s Appointment In Trump Hearing Authored by Naveen Athrappully via The Epoch Times, U.S. Supreme Court Justice Clarence Thomas has asked former President Donald Trump’s lawyers about whether they challenged special counsel Jack Smith’s authority to bring charges against the president. On April 25, the U.S. Supreme…
“What Is The Sound Of One Hand Clapping” Asks BOJ Head Ueda As The Yen Collapses
“What Is The Sound Of One Hand Clapping” Asks BOJ Head Ueda As The Yen Collapses By Eric Peters, CIO of One River Asset Management “What is the sound of one hand clapping,” asked Kazuo Ueda, sitting alone in seiza. The dollar had just crossed above 158 to the yen, a level not seen in…
Joe Biden’s Brother Embroiled In High-Ranking Qatari Scheme To “Provide Wealth Of Introductions” Through “My Family”: Politico
Joe Biden’s Brother Embroiled In High-Ranking Qatari Scheme To “Provide Wealth Of Introductions” Through “My Family”: Politico Qatar has had a lot of fingers in a lot of pies. While we knew about the EU’s ‘Qatargate,’ investments with the Kushner family, and of course Sen. Bob Menendez advancing Qatar’s interests, Politico reports that the Biden…
A Chipotle Double Steak Bowl Is Now $39 In California
A Chipotle Double Steak Bowl Is Now $39 In California By Mish Shedlock of MishTalk Food away from home has risen at least 0.3 percent for 34 out of the last 36 months Sticker Shock in California Higher state minimum wage went into effect April 1; chains say burritos and burgers are getting more expensive…
New Bombshell Evidence Emerges: Was Trump Set Up In Classified Docs Saga?
New Bombshell Evidence Emerges: Was Trump Set Up In Classified Docs Saga? Authored by Matt Margolis via PJMedia.com, This week in Florida, Judge Aileen Cannon unsealed a trove of new documents that Jack Smith fought to keep hidden. And you’ll soon find out why. Among the documents unsealed were extensive exhibits, motions, and other filings…
Is 10% The New 1%
Is 10% The New 1% By Peter Tchir of Academy Securities I’ve been thinking a lot about one of the first lessons I was taught as a junior trader. We were warned that when something happens, say a piece of economic data comes out, and the market doesn’t respond as you expected, to cut positions…
The Struggle For The Soul Of The GOP
The Struggle For The Soul Of The GOP Authored by Kevin Roberts via The Epoch Times, The Republican establishment doesn’t know it yet, but last weekend was a watershed moment for their party. On April 20, House Republican leadership facilitated passage of a foreign-aid package that sends roughly $60 billion to Ukraine, $26 billion to…
Another Bank Bites The Dust – So Who Will Be The Next Dominoes To Fall?
It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry. A key program that was keeping U.S. banks afloat was allowed to expire last month, and everyone knew what that would mean. On Friday, the FDIC quietly announced that Republic Bank had…
NY Home Depot Hires Guards And Dogs To Combat Aggressive Parking Lot Migrants
NY Home Depot Hires Guards And Dogs To Combat Aggressive Parking Lot Migrants A Home Depot in New York has hired armed security guards and K-9 units to protect shoppers from aggressive migrants and thieves in the parking lots, the NY Post reports. According to City COuncilwoman Kristy Marmorato, “Everybody is well aware of the…
Mother of Bailouts: Government!
NY Judge Claims ‘Second Amendmentment Doesn’t Exist In Her Courtroom’ In Case Against Gunsmith
NY Judge Claims ‘Second Amendmentment Doesn’t Exist In Her Courtroom’ In Case Against Gunsmith Dexter Taylor, a software engineer and resident of Brooklyn, NY, took on gunsmithing as a hobby during the Covid-19 lockdowns. He was already familiar with machining and found himself fascinated by the project, so he set out to learn the skills…
12 Suze Orman Quotes Every 50 Year Old Needs To Hear
Perhaps your coffers aren’t as well lined as you’d like, or maybe you have some discretionary income you’d like to invest. The fifth decade of our lives is the final lap in the race to a comfortable retirement. While some of us are on track, others will require a tune-up and a tire change. Regardless…
China Expanding New Outpost In Antigua & Barbuda, Alarming The Pentagon
China Expanding New Outpost In Antigua & Barbuda, Alarming The Pentagon US officials are deeply alarmed at new reports that China is greatly expanding its economic, diplomatic, and possibly even military presence in the island paradise region of the Caribbean, just off America’s doorstep. Newsweek says it has in its possession leaked documents which show…
My Weekly Reading for April 28, 2024
Yet Another Drug War Failure by Ted Galen Carpenter, antiwar.com, April 23, 2024. Excerpt: Despite such spectacular policy failures, drug warriors in the United States and other countries cling to hard-line strategies and refuse to face an inconvenient economic truth. Governments are not able to dictate whether people use mind-altering substances. Such vices have been…
This Is the Largest House in America
While many of us are content with our current homes and just want a comfortable living space, this isn’t true for everyone. In some places around the country, the rich want to live rich. With everything always being bigger in America, some of the houses we build are among the largest on Earth. What’s notable…
Elon Musk Makes Surprise Beijing Visit As Tesla Seeks Full Self-Driving Rollout
Elon Musk Makes Surprise Beijing Visit As Tesla Seeks Full Self-Driving Rollout Elon Musk arrived in Beijing on Sunday and met with Premier Li Qiang, one week after postponing a trip to India. A source familiar with the visit told Reuters that Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas with top Chinese officials. …
Justice Kavanaugh Warns Of Vicious Cycle Of Malicious Prosecutions That Could End Presidency
Justice Kavanaugh Warns Of Vicious Cycle Of Malicious Prosecutions That Could End Presidency Authored by Tom Ozimek via The Epoch Times, During Thursday’s deliberations at the U.S. Supreme Court on former President Donald Trump’s immunity claim, Supreme Court Justice Brett Kavanaugh warned that a decision in the case has future implications for whether future presidents…
The 5 Worst Dodge Ram 1500 Years To Avoid and 5 Years to Own
In the world of pickup trucks, Ford and Chevy might be the two biggest names, but they are not the only names. The Dodge Ram 1500 has been around since 1981 and has more than held its own against the Ford F-150 and Chevy Silverado. Accordingly, the Ram sold 444,927 models in 2023, not too…
The 5 Worst Dodge Ram 1500 Years To Avoid and 5 Years to Own
In the world of pickup trucks, Ford and Chevy might be the two biggest names, but they are not the only names. The Dodge Ram 1500 has been around since 1981 and has more than held its own against the Ford F-150 and Chevy Silverado. Accordingly, the Ram sold 444,927 models in 2023, not too…
US Senators Doing the Least in Office
The United States is facing a serious issue with legislative activity on the Senate floor. According to analysis by the Pew Research Center, the ideological gap between Republican and Democratic senators is wider now than it has been at any point in at least the last 50 years. As partisanship grows, achieving legislative agreement becomes…
“Wasted Protest Vote”: Trump Says He’d Take Biden Over RFK Jr.
“Wasted Protest Vote”: Trump Says He’d Take Biden Over RFK Jr. Authored by Naveen Athrappully via The Epoch Times, Former President Donald Trump criticized Robert F. Kennedy Jr.’s bid for presidency in the 2024 elections, pointing out his progressive stances on climate, guns, border, and energy. “RFK Jr. is a Democrat ‘Plant,’ a Radical Left…
Full E*Trade Review: Everything You Need To Know Review. Is It Worth It?
If you’ve decided to get into trading stocks, you might be wondering where to start. Should you stick with one trading platform, or spread your trading activity and investments over a few? Doubtless, if you’ve done any research online you will have been bombarded with new subscriber deals, account benefits, and success stories from several companies. But which should you pick, and how does E*Trade…
Robert MacNeil’s Axiom
Pierre Lemieux’s excellent post on The Economist‘s dismissal of an argument against gun control reminded me of a line from, I think, one of Robert MacNeil’s books. He said, “It has always been axiomatic to me that easy access to firearms would lead to more crime, in particular, homicide.” See the problem? It’s not axiomatic….
California Homeowners: Insured No More Amid Fire Danger
California Homeowners: Insured No More Amid Fire Danger America’s largest and, for some owners, only option for a home insurer is pulling back its operations in the state of California, leaving many with no more options to secure their property’s value amid wildfire danger in the state reaching new heights. As Statista’s Katharina Buchholz reports, after saying…
What’s Really Behind Poland’s Interest In Deporting Ukrainian Draft-Dodgers?
What’s Really Behind Poland’s Interest In Deporting Ukrainian Draft-Dodgers? Authored by Andrew Korybko via Substack, Polish Defense Minister Wladyslaw Kosiniak-Kamysz expressed support in an interview for Ukraine’s latest conscription-related policy of refusing consular services for draft-aged men aged 18-60. The form of assistance that Warsaw provides Kiev in returning these draft-dodgers depends on the regime, but he implied that…
Elon’s Next Gambit Needs To Pay Off
Tesla’s recent earnings announcement was underwhelming, but interest spiked with Elon Musk’s promise of a $25,000 electric vehicle (EV) and the development of a robo-taxi, an autonomous vehicle requiring no human intervention. The conversation explores the potential impact of these developments on Tesla’s valuation and investor expectations, contrasting the tangible product of a lower-cost EV…
3 Trillion-Dollar Stocks to Buy Now
The U.S. stock market boasts a combined market cap of $50.8 trillion, as of early 2024. But the wealth is concentrated, with a select few names earning the right to be called trillion-dollar stocks. Perhaps not too surprisingly, all of the companies that qualify also share the title of tech titans (except for Saudi Aramco). …
The Economist‘s Irrational Fear
I mentioned in a previous post that The Economist appears to lose all rationality when one specific topic is broached. The writer of the magazine’s April 20 newsletter “The World in Brief” gave another illustration: he could not mention the 25th anniversary of the horrible Columbine school massacre without doing the rhetorical equivalent of a child…
How Skeptical Are Europeans About Vaccinations?
How Skeptical Are Europeans About Vaccinations? 31 percent of people surveyed in Poland as part of Statista’s Consumer Insights survey say they have little confidence in the safety of vaccinations. The low influenza vaccination rate among older individuals in Poland points to the potential practical consequences of such attitudes – although the data does not conclusively demonstrate a causal…
These Biotechs and IPOs Inspire Big Insider Buying
As tech giants and other sector leaders report their most recent quarterly results, one might expect notable insider purchases to be scarce. However, a couple of initial public offerings and a secondary offering inspired insiders to pick up some shares. Two of the companies featured here had management changes, and half of them are biotech…
PM Orbán At CPAC: The 5 Methods Of Oppression Liberals Use To Silence Conservatives
PM Orbán At CPAC: The 5 Methods Of Oppression Liberals Use To Silence Conservatives Authored by John Cody via ReMix News, In the run-up to major elections across the West, including the U.S. presidential election and the EU parliament elections in June, Hungarian Prime Minister Viktor Orbán warned that conservatives face unprecedented pressure from liberals,…
Is Tim Cook The Next Steve Ballmer?
Is it time for Apple CEO Tim Cook to step down? Microsoft’s leadership transition after Ballmer revitalized the company, and Apple may be ready for the same jolt of electricity. Is the company ready for a potentially younger leader, who might better navigate Apple’s current challenges? https://247wallst.com/wp-content/uploads/2024/04/Is-Tim-Cook-The-Next-Steve-Ballmer_.mp4 TRANSCRIPT: But if you’re thinking the way Warren…
5 Of The Highest Yielding Blue Chip Stocks To Buy Now
Investors love dividend stocks because they provide dependable income and a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation. Here at 247 Wall St., we consistently emphasize the…
A US Senator Just Sold This Banking Stock
In mid-April, Texas Senator Ted Cruz sold shares of Wall Street bank Goldman Sachs (NYSE: GS) when the stock was trading at $400 per share. The sale was not chump change and appears to have amounted to $375,000 but not more than $500,000, according to Capital Trades. It also represents one of only a couple…
Majority Of British Public Does Not Back ‘Rwanda Plan’
Majority Of British Public Does Not Back ‘Rwanda Plan’ A survey by YouGov conducted on April 24 has found that six in ten people in the United Kingdom think that the Rwanda plan will not be effective in stopping migrants from crossing the English Channel between France and the UK. As Statista’s Anna Fleck shows in the following chart, this figure…
70’s Era Stagflation Is Ready To Bite US Consumers
In today’s episode of the 24/7 Wall St. podcast Lee Jackson reflects on the economic challenges of the 1970s, drawing parallels to the present economic climate. The conversation touches on stagnant economic growth and persistent inflation during that era, suggesting similarities with current economic indicators and concerns. https://247wallst.com/wp-content/uploads/2024/04/70_s-Era-Stagflation-May-Be-About-To-Bite.mp4 TRANSCRIPT: So, Lee, do you remember something…
Ukraine Withdraws Abrams Tanks From Frontlines After Russian Drone Attacks
Ukraine Withdraws Abrams Tanks From Frontlines After Russian Drone Attacks Authored by Will Porter via The Libertarian Institute, The Ukrainian military has opted to withdraw its US-supplied M1 Abrams main battle tanks from the front lines due to the threat posed by Russian drones, American officials told the Associated Press. Kiev has reportedly lost several…
Snap’s Weak Comeback
Snap (NASDAQ: SNAP) announced earnings recently. They were better than expected. The stock rose a breathtaking 28% to $14.55. However, over the last five years, they are down 49%. The S&P 500 is up 23% in the same period. Shares of much larger rival Meta (NASDAQ: META) are up 121%. Just a few months ago,…
Do Apple’s Big Events Matter Anymore?
Steve Jobs used to plan and announce Apple’s (NASDAQ: AAPL) big events for developers, customers, and the press months in advance. He would wear his trademark black turtleneck, basic Levi’s jeans, and New Balance shoes. He would talk for several minutes to half an hour. He spoke for less than seven minutes when introducing the…
I’VE LOST ALL HOPE, PEOPLE ARE BUYING THE ABSURD, SAVINGS PLUNGE, ECONOMIC DROP AHEAD
Back with another dose of economic reality: You won’t believe the things people are spending money on. Also, economic updates and more. Subscribe to stay ahead of the financial / economic curve!!: youtube.com/channel/UCXuldJPtmI0x0DVQFsB9cSg?sub_confirmation=1 Thank you for being a part of my channel. I am an investor that also works in the finance industry. I also…
Americans Are Increasingly Negative About China
Americans Are Increasingly Negative About China Data by Gallup shows that Americans’ views of China have continued to worsen after 2018. The deterioration started with the U.S.-China trade war under President Donald Trump, continued during the coronavirus pandemic that originated in China and has recently taken on yet another dimension among concerns about widespread Chinese tech and industrial espionage and…
The Scramble For Antarctica
The Scramble For Antarctica Authored by Gregory Copley via The Epoch Times, The “scramble for Antarctica” is slowly gathering steam, and it is not unrelated to a new “scramble for the Americas.” The ramifications for the Indo-Pacific and, indeed, for the global strategic balance are also profound. By 2024, Antarctica had at least 82 bases…
“A Marriage Of Ineptitude & High Self-Esteem” – Tucker Exposes The Liberal Cognoscenti
“A Marriage Of Ineptitude & High Self-Esteem” – Tucker Exposes The Liberal Cognoscenti “The marriage of ineptitude and high self-esteem is really the marker of our time,” explains Tucker Carlson as part of his wide-ranging discussion with Joe Rogan. Reflecting on the likes of Alexandria Ocasio-Cortez and Karine Jean-Pierre, Carlson remarks that “I’ve nothing against…
How The Supreme Court’s Immunity Decision Could Limit The Cases Against Trump
How The Supreme Court’s Immunity Decision Could Limit The Cases Against Trump Authored by Sam Dorman via The Epoch Times, The Supreme Court indicated on April 25 that it would issue a narrow ruling refining the scope of presidential immunity while leaving the details of former President Donald Trump’s other legal battles up to lower…
Adam Schiff Robbed In San Francisco
Adam Schiff Robbed In San Francisco Via the Post Millennial, Democratic Congressman Adam Schiff’s luggage was stolen out of his parked car in a downtown San Francisco parking garage on Thursday. He later attended speaking event and dinner in a shirt and hiking vest. According to the San Francisco Chronicle, the left-wing Senate hopeful was…
Bitcoin Is Built To Last: How The Network Defends Against Attacks
Bitcoin Is Built To Last: How The Network Defends Against Attacks Via Bitcoin Magazine, Bitcoin is one of the most robust distributed systems in the history of mankind. For fifteen years it has ticked along block by block with only two disruptions in its first few years that were very quickly handled by responsive developers…
Which City Has The Most Billionaires In 2024?
Which City Has The Most Billionaires In 2024? Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million. But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live? Using data…
Chinese Nationals Charged With Conspiracy to Export US Technology
Chinese Nationals Charged With Conspiracy to Export US Technology Authored by Matt McGregor via The Epoch Times, The Department of Justice has arrested two Chinese nationals who allegedly plotted to export U.S. technology to advance the People’s Republic of China’s military operations. Han Li, 44, and Lin Chen, 64, have been charged with several counts…
These Are The Countries That Have Become ‘Sadder’ Since 2010
These Are The Countries That Have Become ‘Sadder’ Since 2010 Can happiness be quantified? Some approaches that try to answer this question make a distinction between two differing components of happiness: a daily experience part, and a more general life evaluation (which includes how people think about their life as a whole). The World Happiness Report – first…
Office Market Availability Rate Hits Record High In San Francisco
Office Market Availability Rate Hits Record High In San Francisco Authored by Travis Gillmore via The Epoch Times, A confluence of factors continues to impact San Francisco’s office market, with vacancy and availability rates reaching record highs in the first quarter of 2024, according to commercial real estate analysts at global companies Avison Young and…