American Airlines to Drop Services in 3 Cities amid Reduced Demand and Pilot Shortage
American Airlines is dropping service in three cities starting this Spring because of reduced demand and an ongoing pilot shortage.
Economy
Is the Fed Trying to Wean Markets Off Monetary Policy?
Is the Fed trying to wean the markets off monetary policy? Such was an interesting premise from former British diplomat Alastair Crooke via the Strategic Culture Foundation, to wit: “The Fed however, may be attempting to implement a contrarian, controlled demolition of the U.S. bubble-economy through interest rate increases. The rate rises will not slay the … Read more
Biden Admin Admits Keystone Cancelation Cost Tens of Thousands of U.S Jobs
The Biden administration has admitted that the cancelation of the Keystone XL Pipeline has cost tens of thousands of jobs in the United States.
Bed Bath & Beyond Shares Plummet as Company Says ‘Substantial Doubt’ It Can Continue
American retail chain Bed Bath & Beyond has seen its share prices plummet this week after the company revealed it has “substantial doubt” that it will be able to continue.
FTX’s Sam Bankman-Fried Pleads Not Guilty in Federal Fraud Case
Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, pleaded not guilty to the charges against him in a federal court Tuesday.
Democrats Push for Referendum on Puerto Rico Statehood
Congressional Democrats are pushing for a referendum to vote on giving the unincorporated U.S. territory of Puerto Rico statehood.
General Motors Is Funding Transgenderism Efforts in Children’s Classrooms
Automotive giant General Motors (GM) is funding efforts to promote transgenderism in children’s classrooms.
$3.5 Billion of FTX Customer Assets Being Held by Bahamas Regulators
Regulators in the Bahamas are holding on to $3.5 billion worth of FTX assets that it claims are intended to be transferred to those who were monetarily affected by the crypto-fallout as customers of the company have filed a lawsuit to get their dues prioritized.
America’s Strategic Petroleum Reserve Falls to Lowest Level Since 1983 as Gas Prices Rise Again
The Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983, as oil and gas prices rose again last week. The Biden administration has tapped over 240 million barrels from the SPR this year to lower domestic gas prices, which have been rising since the president took office. President Joe Biden first announced his … Read more
China’s Manufacturing Industry Is Rapidly Collapsing
China’s world-dominating manufacturing industry is rapidly collapsing as multiple factors weigh heavily on the Chinese economy.