Category: Economy

Trump Cancels Extended Secret Service Detail For Kamala Harris Before Her Book Tour President Donald Trump terminated the Secret Service protection of former Vice President Kamala Harris on Thursday, according to a new report. By law, vice presidents receive six months of protection after leaving office, which for Harris ended on July 21. However, her…

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Fed’s Favorite Inflation Indicator Shows No Signs Of Runaway Tariff Costs Having ticked higher in June, analysts expected headline PCE to be steady at +2.6% YoY in July and Core PCE – The Fed’s favorite indicator – to rise from +2.8% to +2.9% YoY… and the numbers all came in right in line with expectations….

Futures Drop Led By Tech Ahead Of PCE Data US equity futures are lower after closing at a new all time high, dragged by tech stocks as traders cut risk ahead of today’s core PCE data that may test expectations for the pace of Fed rate cuts. As of 8:00am ET, S&P futures are down…

Trump Closes De Minimis Loophole As Dark Chapter In Trade Ends The long-standing “de minimis” exemption, which allowed small packages valued less than $800 to enter the U.S. duty-free, officially ended Friday. This closes the dark chapter on an era when China flooded America with cheap junk (think $10 Bluetooth wireless speakers) and, according to many in the America…

House Republicans Probe Wikipedia Over Alleged Bias, Foreign Manipulation Authored by Tom Ozimek via The Epoch Times, House Republicans have opened an inquiry into whether the Wikimedia Foundation is doing enough to stop coordinated efforts to manipulate Wikipedia entries on important and sensitive topics to influence U.S. public opinion. In an Aug. 27 letter to…

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Belgium Tops US As Most ‘Calorific’ Country In The World Why count calories at the national level? Average daily food supply is a snapshot of a country’s entire food system: crop yields, imports, subsidies, and consumer preferences. When availability climbs well above the 2,000–2,500 calories (kcal) most adults need, it can foreshadow rising public-health costs…

Israeli Army Carries Out Landing Op Near Damascus, More Airstrikes  Via The Cradle The Israeli military carried out a series of airstrikes as well as a landing operation in Syria Wednesday night, coinciding with ongoing negotiations for a security deal between Tel Aviv and Damascus.  “The attack in Damascus last night proves the proper balance of power…

Germany’s Rheinmetall May Produce Lockheed’s ATACMS, Hellfire Missiles At Europe’s Largest Artillery Plant The Deep State’s favorite weapons giant defense contractor, Lockheed Martin – which may or may not be next on Trump’s partial nationalization schedule – wants to have German peer Rheinmetall manufacture ATACMS and Hellfire missiles in Germany, business magazine WirtschaftsWoche cited a Lockheed…

Greenland’s Energy Stakes Trigger Denmark-U.S. Diplomatic Clash By Charles Kennedy of OilPrice.com Denmark has summoned the U.S. envoy after intelligence reports of suspected influence operations in Greenland, a mineral-rich Arctic territory central to offshore oil prospects and critical minerals, Reuters reported on Wednesday, describing the effort as an attempt to promote secession.  The development adds…

Israel Attempts ‘Decapitation’ Strikes Of Top Houthi Leadership In Yemen On Thursday the Israeli Air Force carried out major strikes on Yemen, but unlike prior attacks, this one was reportedly aimed at eliminating top military and political leaders of the Iran-backed Houthi movement. It was an operation widely described by Israeli media as the IDF…

Germany’s Ruling CDU Party Targets Afghan & Syrian Benefit-Recipients In Push To Cut “Unsustainable” Welfare Budget Authored by Thomas Brooke via Remix News, Germany’s ruling CDU/CSU bloc is demanding stricter limits on welfare, with party leaders pointing to high rates of reliance on the citizen’s allowance among Afghans and Syrians. Deputy parliamentary group leader Mathias…

Trying to decide how to handle a large mortgage, whether through a balance or high interest rate, is something far too many people are trying to decide right now. As a home is generally someone’s biggest monthly expense, anything that can be done to minimize costs sounds ideal.  Key Points No question, paying off a…

Fracturing The Axis: Trump’s Strategic Bet Against The China–Russia Partnership Authored by Tanvi Ratna via The Epoch Times, When President Donald Trump met Russian President Vladimir Putin in Alaska, many dismissed the summit as a spectacle. Yet beneath the optics, something deeper was unfolding: a strategic gambit aimed at weakening the foundations of the China–Russia…

Latest Stories Freezing The Climate Crisis Hysteria Folks across the eastern half of the U.S. have been wearing quarter zips, sweatshirts, and hoodies at night, with some even sparking up fireplaces and/or bonfires as the summer winds down, thanks to unseasonably cool air. In some areas across the Lower 48 – mostly the eastern half – temperatures have…

Soros-Funded Dark Money Group Secretly Paying Democrat Influencers To Shape Gen Z Politics Submitted by Jason Curtis Anderson of One City Rising,  When Taylor Lorenz breaks a story on Democrat dark money, you know something strange is happening. Lorenz, who has made a career as the poster child for progressive social media culture, finally turned her reporting…

A 3rd Property!? Pulte Drops New Criminal Referral On Lisa Cook As Mortgage Scandal Widens (Update: 2215ET): A third property?  On Thursday night, Federal Housing Finance Agency (FHFA) Director Bill Pulte dropped a second criminal referral against Federal Reserve Governor Lisa Cook based on evidence that she entered into a 15-year mortgage on a third property which she listed as her…

California Faces High Pump Prices As Phillips 66 Shuts LA Refinery By Julianne Geiger of OilPrice.com Phillips 66 will begin shutting down its 139,000 bpd Los Angeles-area refinery as soon as next week, sources told Reuters, moving forward on a closure plan announced last year. Units at the plant will idle in phases through Q4…

Under 25 And Earning $1 Million: The New AI Job Market The job market for new graduates is sluggish. In June, unemployment for recent college grads was 4.8%, compared with 4% for all workers, according to the Federal Reserve Bank of New York. But there’s one big exception: AI talent. Young professionals in their early…

China Rejects Trump’s Proposal For Nuclear Disarmament Talks With US, Russia Authored by Bill Pan via The Epoch Times, China has poured cold water on President Donald Trump’s suggestion that it join the United States and Russia in talks to downsize their nuclear arsenals, dismissing the idea as unrealistic. The Chinese regime rejected the proposal…

Oklahoma Introduces Certification Test To Weed Out Far-Left Teachers The speed at which progressive indoctrination was introduced into the US public school system was a disturbing reminder of the fragility of western education.  The process has been ongoing for many years, primarily in universities, but the real leftist blitz on grades K-12 started around ten…

AI Is Being Weaponized For Cybercrime In ‘Unprecedented’ Ways, Researchers Warn Authored by Tom Ozimek via The Epoch Times, Artificial intelligence (AI) is being weaponized to conduct increasingly sophisticated cybercrimes, according to a new report from Anthropic, which warns of an “unprecedented” evolution in malicious operations that makes defense far more difficult. In its Aug….

Xi, Putin, Kim Will Oversee Chinese Military Parade In Landmark Meeting Next Week China is set to host both Russian President Vladimir Putin and North Korean leader Kim Jong Un in Beijing next week in an unprecedented landmark visit. This will be Kim’s first multilateral international meeting, and the leaders will gather with President Xi Jinping to…

Mitsubishi Abandons Three Offshore Wind Projects In Japan By Tsvetana Paraskova of OilPrice.com Mitsubishi Corporation is dropping plans to develop three offshore wind projects in Japan amid unexpected changes and rising challenges in the market, the Japanese conglomerate said on Wednesday.  In February this year, Mitsubishi said it is reviewing its business plans for Japanese offshore wind…

​​​​​​​Extremist Group Admits Responsibility For Wave Of College Swatting Attacks Federal and local authorities have been bombarded with a series of hoax active-shooter incidents at a dozen U.S. universities in recent weeks, even as a horrific shooting unfolded in Minneapolis yesterday, where a crazed transgender shooter, with “kill Trump” on his weapon, killed two children…

Is AI The False Savior Of A Hollowed-Out Economy? Authored by Charles Hugh Smith via OfTwoMinds blog, What nobody seems to notice is all the incentives for deploying AI are perverse… The real story of the US economy isn’t about AI, it’s about an economy that’s run out of rope. AI is being hyped not just…

Indian Officials Call For Intervention After US Blocks Foreign Trucker Visas Two weeks ago an illegal alien truck driver of Indian origin reportedly killed three people after making an illegal U-turn on a Florida turnpike.  It’s not the first time such negligence has occurred on the part of migrant drivers but this particular event struck…

Sen. Mike Lee: Racist & Anti-American Messages At Smithsonian “Indefensible” Via American Greatness, President Donald Trump, has sent a letter to the Smithsonian Institution and other museums, requesting a “comprehensive internal review” and calling for the removal of divisive or partisan narratives ahead of the nation’s 250th anniversary celebration. Senator Mike Lee (R-UT) is applauding the president’s…

Graham Threatens Tariffs, Travel Sanctions On Norway Over Boycott Of IDF, Caterpillar Senator Lindsey Graham has blasted and threatened Norway twice in the last 24 hours, soon after the Scandinavian country’s $2 trillion wealth fund – which springs largely from energy resources – announced it is divesting from Caterpillar over concerns the Israeli military has been using its…

Another Narrative Busted: Bolton Investigation Began Under Biden Authored by Sundance via The Last Refuge, For several days the media has been saying the Trump administration FBI targeted John Bolton, hence the FBI raid on his home and office.  However, the New York Times now outlines how the investigation into John Bolton began during the…

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