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Headlines: Trump's Joint Session of Congress Address; Climate Change Is Harming the Health of Americans; Musk Calls Social Security a 'Ponzi Scheme'; Trump Threatens to Deport International Students Breaking news, politics, and commentary from the other side
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News
US Consumer Prices Accelerate in August
1+ day, 5+ hour ago (385+ words) Report likely to result in the Federal Reserve raising interest rates next week, financial markets bet. Consumer sentiment sags in September; inflation expectations rise. Posted by lamplighter at 11:33 PM | 5 COMMENTS | permalink | Comment on This Entry | Fed Chairman Kevin Warsh faces…...
Car Makers Discover How to Boost EV Range Massively
3+ day, 9+ hour ago (225+ words) The auto industry has a new solution to Americans' fear that electric vehicles will run out of juice: a gasoline engine. Posted by sitzkrieg at 07:32 PM | 4 COMMENTS | permalink | Comment on This Entry | That was how the Volt was setup 16 years…...
Workers' Share of America's Income Is at a Record Low
4+ day, 16+ hour ago (1084+ words) Workers' share of U.S. income has already fallen to its lowest level on record, while corporate profit margins keep breaking records quarter by quarter. Posted by lamplighter at 12:33 PM | 28 COMMENTS | permalink | Comment on This Entry | Corporate America has been waging a…...
World's Biggest Sovereign Wealth Fund Plans to Cut U.S. Treasury Holdings
5+ day, 5+ hour ago (365+ words) Norway's sovereign wealth fund has proposed cutting the allocation of government bonds in its $2.3 trillion investment portfolio, chiefly affecting its holdings of U.S. Treasurys, as it seeks to diversify its risk exposure and boost returns. Posted by qcp at 11:32 PM | 2 COMMENTS…...
Diesel Hits Record Price
5+ day, 7+ hour ago (191+ words) Posted by reinheitsgebot at 09:32 PM | 5 COMMENTS | permalink | Comment on This Entry | Diesel. (via Schwab)[image or embed] Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month…...
Trump's Threat to Halt Trade with Top Partners Unless Fed Cuts Rates
5+ day, 6+ hour ago (153+ words) President Donald Trump on Friday demanded that the Federal Reserve slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits. Posted by qcp at 10:30 PM | 3 COMMENTS | permalink | Comment on This Entry | "Trump…...
Argentina: Oil Firms Working Off Falklands Face Sanctions
1+ week, 9+ hour ago (259+ words) Argentina's President, Javier Milei, has heightened tensions with the UK over the Falklands, warning he will impose economic sanctions on firms which exploit oil close to the British overseas territory. Posted by REDIAL at 07:33 PM | 5 COMMENTS | permalink | Comment on This…...
Trump Says US Has Deal to Control Venezuela's Oil
1+ week, 3+ day ago (145+ words) The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced. Posted by REDIAL at 11:32 PM | 4 COMMENTS | permalink | Comment on This Entry | As I expected, Trump will not…...
Dutch Central Bank Shifts Billions in Gold to London
1+ week, 3+ day ago (120+ words) The Dutch central bank announced Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as "crisis preparedness" in a time of global political unrest. Posted by LampLighter…...
America's Next Grocery Shock Is Brewing
1+ week, 5+ day ago (459+ words) America's grocery squeeze has thus far been most painfully felt in a few expensive categories, like beef, coffee and chocolate. Now, the forces pushing up food prices are starting to pile up: expensive grain, soaring fertilizer and fuel, plus unpredictable…...