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…
The Biden administration has admitted that the cancelation of the Keystone XL Pipeline has cost tens of thousands of jobs in the United States. The Biden admin released a congressionally required report on the impact on jobs of the president’s decision to cancel the Keystone XL Pipeline. The report reveals…
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. Shares of Bed Bath & Beyond dropped drastically on Thursday after the company warned it is considering bankruptcy. In a…
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. Bankman-Fried has been hit with federal charges of fraud, conspiracy, campaign finance law violations, and money laundering. 30-year-old Bankman-Fried entered his plea via his lawyer…
Congressional Democrats are pushing for a referendum to vote on giving the unincorporated U.S. territory of Puerto Rico statehood. Led by Rep. Raúl Grijalva (D-AZ), the U.S. House of Representatives passed the “Puerto Rico Status Act” in mid-December. While mostly symbolic, the bill could be brought up again in the new…
Automotive giant General Motors (GM) is funding efforts to promote transgenderism in children's classrooms. GM provided a grant to a pro-transgender organization that supplies schools with children’s books that support its ideology. The funding has been used to push the ideology in kindergarten and elementary school classrooms. According to its…
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. After crypto exchange FTX filed…
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…
Over 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, a new report from Lending Tree indicates. Lending Tree, an online loan marketplace for mortgages, small businesses, and other loans, analyzed the latest U.S. Census Bureau data…
Department store chain Target has decided to restrict the sales of over-the-counter pain and fever medication for children. The move comes as the United States faces the challenge of a “tripledemic” and health care systems struggle with drug shortages. “Tripledemic” refers to three illnesses—COVID-19, flu, and respiratory syncytial virus (RSV)—that…