Category: Economy

There is perhaps no better way to put a $500,000 windfall to work than to stash it in a self-directed investment portfolio. Indeed, you don’t need to be a wizard at stock-picking to do well and grow your wealth over the years. All it takes is patience and a solid game plan to transform an…

Supreme Court Hands Trump Huge Win On Deporting ‘Worst Of The Worst’ Illegals The US Supreme Court just lifted a lower court’s order that required the Trump administration to give people 10 days’ notice and a chance to object before deporting them to a third country. “The United States is facing a crisis of illegal…

UK Government To Slash Industrial Energy Costs Via City A.M., The UK government plans to significantly reduce industrial energy prices for British manufacturers to improve their competitiveness. Industries like steel, ceramics, and chemicals will see standing charges for electricity fall by up to 90 percent. British industrial electricity prices are currently the highest in the…

Auto Tariffs Will Cost Consumers An Estimated $2,000 More Per Vehicle President Trump’s tariffs are hitting car buyers hard, with prices expected to rise nearly $2,000 per vehicle, according to consulting firm AlixPartners. The firm estimates that automakers will pass on 80% of the $30 billion tariff cost, adding about $1,760 per car, according to…

German Police Caught Dropping Off Migrant In Dutch Border City Authored by Thomas Brooke via Remix News, German federal police were filmed quietly dropping off a migrant in the Dutch city of Venlo in the early hours of the morning in what appears to be a cross-border expulsion carried out without the knowledge of local…

Beyond Beyond Meat: Lab Grown Meat Has Now Arrived For Sale In 3 Countries Is this what’s beyond Beyond Meat? Australia just gave lab-grown meat the official thumbs-up, approving the sale of cultivated Japanese quail and joining the elite global club of… three. That’s right—only Singapore, the U.S., and now Australia are on board with selling…

Turkey Rejects Open-Door Policy For Refugees If Iran Falls Apart Via Middle East Eye Israeli and US attacks on Iran risk sparking a regional war or even triggering regime change in the country, a development that has concerned Turkish officials in Ankara since September. The Israeli strikes that began earlier this month initially targeted Iran’s nuclear infrastructure and air defense systems. Over…

Trump: “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!”  Update(0320ET): As the US- and Qatar-brokered ceasefire deadline closed in, Israel and Iran exchanged lethal blows overnight, with Israel hitting various targets in Iran, killing nine people in northern Iran and reportedly assassinating yet another nuclear scientist, while Iran killed at least five…

France Is No Longer France French authorities detained 12 suspects after 145 people reported being pricked with syringes during Fête de la Musique — France’s annual World Music Day celebration. For perspective on how dramatically the festival has changed in three decades, compare the atmosphere of the 1994 event to the chaos seen this past weekend. …

Trump At NATO Summit To Push ‘Historic’ 5% Spending Goal Amid Global Conflicts Authored by Emel Akan via The Epoch Times, President Donald Trump will arrive in The Hague, Netherlands, today June 24 for a critical NATO summit, aiming to secure unprecedented defense spending commitments from allies, an issue he has championed for years. This…

All Eyes On Beijing’s Annual Reshuffle Of Military Chiefs Amid Signs Of Xi’s Waning Power Authored by Alex Wu via The Epoch Times, As infighting within the top echelons of the Chinese Communist Party (CCP) intensifies, many China watchers are wondering if Chinese leader Xi Jinping is still in power and really in control, especially…

“Extraordinary”: More Than Two Dozen Missing Children Found In Florida Special Operation In the first operation of its kind in Florida, authorities have located over two dozen missing children during a multi-day rescue mission in Northeast Florida, according to Local 12. The children, aged 7 to 17, had been missing from 10 days to more…

The Trump Doctrine (AKA The Businessman’s Way Of War) Authored by ‘Cynical Publius’ via American Greatness, As the dust and smoke settle over Iran’s devastated nuclear weapons program, President Donald Trump’s method of waging war is coming into focus. We had hints of what I call the “Trump Doctrine” in his first term as he annihilated…

These Are The Most Overpriced Cities In The United States As rents skyrocket and the cost of living keeps climbing, a new study from Highland Cabinetry aims to answer a simple but critical question: are America’s most expensive cities actually worth it? Spoiler: not really. The study analyzed a wide range of metrics — including…

Iranian FM Clarifies That If Israel Holds Fire, So will Iran: Fighting ‘Until The Very Last Minute’ Update(2200ET): The ceasefire is going to be shaky and likely difficult to maintain given that right up until the very moment it is to go into effect Tehran was on the receiving end of very intense Israeli warplane attacks….

Fed Drops ‘Reputation Risk’ From Bank Exams Amid Backlash To Debanking Authored by Tom Ozimek via The Epoch Times, The Federal Reserve announced on June 23 that it will no longer factor “reputation risk” into its bank examinations, a move aligned with efforts by Republican lawmakers and the Trump administration to combat what they describe…

Nap Time And Ping Pong: Inside Gen Z’s Batsh*t Crazy Expectations For A Workplace According to a new Resume.io survey, nearly one in six Americans under 28 won’t even look at a job unless it comes with a designated nap zone. Yes, nap pods — the latest dealbreaker for Gen-Z job hunters, according to the…

San Francisco Is America’s Worst Run City: WalletHub Report Authored by Kimberley Hayek via The Epoch Times, San Francisco is the worst-run city in the nation, according to a report by WalletHub. Several other California cities also ranked in the bottom 10 of 148 cities, including Stockton (138), Los Angeles (139), Long Beach (140), Fresno…

Automotive Industry Imbalance Delays Trade Negotiations With Japan Japan’s auto exports remain the biggest obstacle in reaching a trade deal with the U.S., according to opposition leaders briefed by Prime Minister Shigeru Ishiba. Yoshihiko Noda, head of the Constitutional Democratic Party, said after a Thursday meeting with Ishiba that the U.S. focus on the automotive…

The Fog (Machine) Of War Authored by Charles Hugh Smith via OfTwoMinds blog, Meta-Thoughts On The War Decades of ‘The Fog Machine of War’ have jaded the public’s appetite for ‘Narrative Control’. The Fog of War is perhaps better described as The Fog Machine of War, for everything presented to the public is some version of Narrative Control,…

Church Massacre Cancelled: Shooter Run Over By Deacon’s Truck, Then Fatally Shot By Staff What promised to be a ghastly church massacre in Michigan on Sunday was prevented by the speedy reactions of a church deacon and two staff members — with the deacon unleashing the first blow with his truck before a security guard…

Iran Reportedly Agrees To Trump-Backed, Qatari-Mediated Ceasefire With Israel Update: Fox is reporting, “President Trump spoke with Qatar’s Emir and informed him the U.S. got Israel to agree to a ceasefire with Iran. The President asked Qatar to help persuade Iran to do the same, following that Vice President Vance coordinated with Qatar’s Prime Minister on…

Schlichter: Trump’s Attack On Iran Will Not Destroy The America First Movement Authored by Kurt Schlichter via Townhall.com, The critical follow-on function for a devastating strike like the one Donald Trump just launched against the goat-molesting seventh-century semi-humans ruling Iran is battle damage assessment. BDA is a crucial function – you need to understand how…

This post Chewing Through Red Tape with a Chainsaw appeared first on Daily Reckoning. Power costs are set to surge across the country, and utilities are warning of potential brown-outs. Here in Maryland we just received a letter warning about sticker-shock when our electricity bills arrive this summer. This is incredibly frustrating, because the situation…

DHS Alerts US Public On Iran Retaliation Threat: Just Some ‘Low-Level’ Cyberattacks? The latest Department of Homeland (DHS) alerts are telling the American public to expect some form of Iranian retaliation in response to this weekend’s major US bombing raids targeting three key Iranian nuclear energy and uranium enrichment sites. And the Pentagon is preparing…

Dollar’s Decline Meets Rising Dedollarization: The Threat Comes From Within Authored by Peter Earle via TheDailyEconomy.org, The recent weakness in the US dollar has reignited the debate over the durability of the dollar’s dominance in global finance. Over the first half of the year, the Bloomberg Dollar Index has fallen nearly 8.5 percent, marking one of…

NYC Mayor’s Race Upended As Business-Unfriendly Former Rapper Socialist Tops Cuomo A major poll before primary day in New York City shows Queens Assemblyman Zohran Mamdani pulling ahead of former Gov. Andrew Cuomo in the race to become the city’s next mayor.  According to Emerson College / Pix11 / The Hill, Mamdani – a socialist and…

“America’s Hive-Mind Is Aflame With Histrionic Hypotheticals Over Iran…” Authored by James Howard Kunstler, Boom “In eight days, the United States and Israel eliminated Iran’s nuclear capabilities with minimal civilian casualties. One of the greatest military achievements ever.”  – Bill Ackman Of course, you must expect a whole lot of deranged thinking after the USA’s…

It’s a comforting thought: once the world’s flashpoints cool down—Ukraine, Russia, the Middle East, trade disputes with China—markets will finally have the clarity they need to launch into the next leg higher. The logic is simple: fewer headlines, less uncertainty, more risk appetite. Right? Maybe not. Read more Click this link for the original source…

“Too Early For Turnaround”: Goldman Finds Target Boycott Persists As Democratic Shoppers Begin Losing Faith  Goldman analysts, led by Kate McShane, note that the ongoing social media-driven boycott continues to pressure Target’s traffic and sales. McShane maintains a “Neutral” rating on the stock—downgraded from “Buy” in April—as consumer perception of the woke retailer has yet…

Leftist Senate Parliamentarian Cuts Immigration Enforcement, Other Items In GOP Megabill Senate parliamentarian Elizabeth MacDonough (D) has booted several major provisions from the Republican megabill to enact President Trump’s agenda – including language which would authorize states to conduct border security and immigration enforcement (which are traditionally duties of the federal government).  The U.S. Capitol building in Washington on…

Victor Davis Hanson: Ten Iranian Questions Authored by Victor Davis Hanson via American Greatness, 1. What are we to make of Saturday night’s destruction of the three Iranian nuclear sites at Fordow, Natanz, and Isfahan? Trump and the U.S. military took a great risk and succeeded in astounding fashion. Operationally, the destruction of the nuclear…

Russia Ready To Help Iran, Says Has ‘Every Right’ To Nuclear Energy Program The Kremlin has announced Monday that Russia stands ready to help Iran in its ongoing conflict with Israel and the United States in the Middle East, based on specific requests. Such assistance “all depends on what Iran needs,” presidential spokesman Dmitry Peskov explained, as quoted…

Iran Fires Missiles On US Bases In Gulf, But Admits Advanced Notice Was Given Update(1335ET): NY Times is reporting that advanced notice was given, which appears confirmation that plans of the ‘retaliation’ attack were leaked beforehand and was in many ways telegraphed publicly. “Iran coordinated the attacks on the American airbase in Qatar with Qatar officials…