When Ideological Bubbles Trump Economic Thinking Authored by Paul Mueller via The American Institute for Economic Research, Sometimes smart people make remarkably naïve or deeply problematic comments because their view of the world has been molded by narrow ideology, reinforced by significant consensus in their social circles. Recently Esther Duflo, a Nobel prize winning economist, revealed herself to be such a person. In […]

Oil Tanker Struck By Missile Off Yemen Coast  As Ukrainian drones relentlessly target Russia’s energy complex, tensions in the Middle East are once again rising. Early Saturday, Agence France-Presse reported that a crude oil tanker was hit by a missile off the coast of Yemen. These mounting geopolitical risks underscore the possible need for a higher risk premium on Brent crude prices. Maritime security firm Ambrey told AFP News […]

Not Just The US: Global Debt-To-GDP Ratios Are Skyrocketing Via SchiffGold.com, The US national debt is so out of control that, ironically enough, even the Federal Reserve chair has expressed concern about the problem. And while America is among the top contributors, it isn’t just the US that’s spending money it doesn’t have: after briefly declining in 2023, the global debt-to-GDP ratio is again at an all-time […]

Watch: Zelensky Says ‘It’s The World’s Fault’ That Russia Is Gaining In a rare personal visit of Ukrainian President Volodymyr Zelensky to the battlefield, particularly to the war-ravaged country’s northeastern Kharkiv oblast, he blamed Russia’s rapid advance on “the world” for not sending enough weapons. Ukraine’s front lines in the region have been collapsing amid a major new Russian cross-border offensive. “Brigades are not […]

Unprecedented Surge In Chinese Illegal Immigration Raises Security Concerns Authored by Simon Hankinson via The Epoch Times, This is a lightly edited excerpt from Simon Hankinson’s testimony before the House Homeland Security Subcommittee on Oversight, Investigations, and Accountability at a hearing on “Security Risk: The Unprecedented Surge in Chinese Illegal Immigration,” on Thursday, May 16. I served as a Foreign Service […]

Germany Deports 7 Ukrainian Soldiers For Displaying Nazi Symbols In the latest confirmation that Ukraine’s military has a Nazi streak, the German government revealed that it has expelled seven Ukrainian soldiers who were displaying Nazi symbols while they were in the country for training.  Wednesday’s disclosure was prompted by an inquiry from the populist Alternative For Germany (AfD) party, which has been surging in popularity […]

Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The US Authored by Michael Snyder via The Economic Collapse blog, I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States.  Unfortunately, that day has arrived.  Our leaders have been pursuing highly inflationary policies for many years, and now we have […]

Warsaw’s Left-Wing Mayor Bans Display Of Christian Crosses In Public Buildings Authored by Grzegorz Adamczyk via ReMix News, Warsaw mayor Rafał Trzaskowski has signed an order banning the display of religious symbols such as the Christian cross in public buildings. The move is said to be driven by a desire to combat discrimination.  “Warsaw is the first city in Poland to adopt such a measure,” Monika Beuth, the […]

US Sending Nuclear-Powered Carrier For ‘Higher Stakes’ Red Sea Mission Since the start of the Gaza war at least 20 ships have been damaged in the Red Sea amid the ongoing Houthi campaign to punish Israel and its international backers. The US-led Operation Prosperity Guardian is something which has retreated from headlines as it has by and large proved ineffective.  US warships patrolling waters off Yemen have shot down dozens, or […]

The Assassination Attempt Against Robert Fico Proves That Fake News Can Radicalize People Authored by Andrew Korybko via Substack, Slovak Prime Minister Robert Fico survived an assassination attempt against him earlier this week after being shot several times at point-blank range by a political extremist who was angry about him suspending armed aid to Ukraine. Fico’s return to office last fall came in spite of American […]

Sen. Cruz Urges DOJ, FBI To Investigate Whether Foreign Adversaries Are Behind Gaza War Protests In US Authored by Ryan Morgan via The Epoch Times, Sen. Ted Cruz (R-Texas) has called for U.S. federal authorities to investigate whether foreign actors are promoting contentions within the United States, including recent protests over the war in Gaza taking place on U.S. college campuses and other venues around the country. During a […]

NOTAM Sparks Confusion Over Possible Russian Hypersonic Missile Test Off California Coast There’s been quite a stir on X as some users speculate that a NOTAM, or aviation notice to airmen, suggests a potential Russian Navy hypersonic missile test off the coast of Southern California. However, that’s not the case. According to The War Zone, the NOTAM is actually in anticipation of a Russian space booster splashing down in the […]

Drug Overdose Deaths Drop For First Time Since 2018 Authored by Amie Dahnke via The Epoch Times, The rate of death by overdose declined in 2023, marking the first decrease in five years. Data released by the U.S. Centers for Disease Control and Prevention’s (CDC) National Center for Health Statistics show the decline mainly attributed to a drop in deaths from synthetic opioids, specifically fentanyl. The number of drug […]

Watch: Houthis Shoot Down A 4th US Reaper Drone Yemen’s Iran-linked Houthis have announced that they have shot down yet another $30 million American military drone.  Footage is widely circulating of what appears to be the wreckage of an MQ-9 Reaper drone in Yemen, but the Pentagon has not yet confirmed.  Houthi military spokesman Brig. Gen. Yahya Saree described that the drone was conducing “hostile actions” over Yemen’s […]

US Power Grid May Become Unreliable This Summer, Watchdog Warns Authored by Naveen Athrappully via The Epoch Times, Parts of America could face difficulties in meeting electricity demand during the summer season, with renewable energy sources like wind and solar power posing a potential risk to reliable power supply, according to a report by the North American Electric Reliability Corporation (NERC). The NERC report classifies […]

First Images Of American Taxpayers’ $350 Million Completed Gaza Pier  The Pentagon is ‘proud’… and so is the Biden administration. But the US taxpayer?… “Today we began delivery of aid from the temporary pier on to the beach of Gaza for further distribution to the people by our partners,” US Central Command announced Friday. “This unique logistics capability facilitates the delivery of lifesaving humanitarian aid enabling a […]

Santa Monica Homeless Man Slapped With Felony Charges After Dragging Jogger By Ponytail Authored by Sophie Li via The Epoch Times (emphasis ours), A homeless man in Santa Monica was arrested earlier this week after allegedly dragging a female jogger by her ponytail across a beach path in what the victim believes to have been a failed attempt at sexual assault. Malcolm Jimmy Ward, Jr., 48. (Courtesy of Santa Monica Police […]

25 Year Old BofA Analyst Dies Suddenly Of Cardiac Arrest While Playing Soccer At Industry Event A credit trader from Bank of America who was just 25 years old died suddenly on Thursday night while playing soccer at an industry event, a report by Yahoo/Bloomberg on Friday confirmed.  The credit portfolio and algorithmic trader, Adnan Deumic, reportedly “collapsed of a suspected cardiac arrest” and did not respond to medical […]

2 House Panels Clear Contempt Resolutions Against AG Garland Authored by Samantha Flom via The Epoch Times (emphasis ours), Attorney General Merrick Garland appears at a House Appropriations Committee hearing on Capitol Hill on April 16, 2024. (Andrew Harnik/Getty Images) Republicans on two House committees voted to hold Attorney General Merrick Garland in contempt of Congress on Thursday night despite President Joe Biden’s […]

China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough More than four years ago, when China first launched its latest “deleveraging” campaign targeted at bursting the country’s housing bubble in a controlled fashion, which coincidentally was the single largest asset for China’s massive middle class, we – and many others – said that this experiment was doomed and that all China is doing is […]

CBO Report Obscures Negative Impact Of ‘Bidenomics’: House Budget Committee Chairman Authored by Indrajit Basu via The Epoch Times, The chairman of the House Budget Committee has cast doubt on a recent Congressional Budget Office (CBO) report, which he says glosses over the failures of President Joe Biden’s economic policies. The White House has said its policies have led to economic growth “from the middle out and bottom […]

Texas Governor Pardons Man Convicted For Shooting Armed BLM Protester Defend yourself against violent BLM protesters and face an endless salvo of character assassination, not to mention potential prison time.  That was the message being sent by far-left activists and the establishment media from 2020 to 2023, specifically in their efforts to destroy the image of Kyle Rittenhouse and veteran Army Sergeant Daniel Perry.  In both […]

Hezbollah Launches First-Ever Airstrike On Israeli Territory Via The Cradle Hezbollah launched the first-ever Lebanese airstrike on an Israeli target on Friday, using a never-before-seen drone for the operation.  “In support of our steadfast Palestinian people in the Gaza Strip and in support of their brave and honorable resistance, the Islamic Resistance attacked at 1:38 pm on Thursday the Metulla site, its garrison, and its […]

World’s #1 Golfer Tossed Against Car, Arrested In Kentucky — Calls “Very Chaotic Situation” The world’s #1 golfer Scottie Scheffler was arrested and taken to jail on several charges – including a felony charge of assaulting a police officer, after he tried to bypass a massive traffic backup to enter the Valhalla Golf Club in Louisville Kentucky. Scheffler was set to tee off for his second round of the PGA Championship at 8:48 ET […]

“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs For the last year, we’ve been writing extensively about how high costs and low demand have made EVs uneconomical – and, as a result, unpopular to produce – for the auto industry. It turns out unionized employees extorting you on labor costs while the government mandates you produce a money-losing product isn’t a combination that leads to prosperity […]