US Power Grid May Become Unreliable This Summer, Watchdog Warns
US Power Grid May Become Unreliable This Summer, Watchdog Warns A third of the country is facing an ‘elevated risk of blackouts’ soon, an industry expert said. 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 […]
Al Gore Said the Ice Caps would be Gone by 2014 – Yes 2014!
Al Gore Said the Ice Caps would be Gone by 2014 – Yes 2014! The Press REFUSES to hold all of these failed Climate Change forecasts to test. All they do is keep moving the date for our doom, all due to CO2. In fact, the real crisis is the continued weakening of the magnetic field, […]
Precarious: One Misfortune Away from Insolvency
Precarious: One Misfortune Away from Insolvency As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency. We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90% of American households has become far more precarious over […]
Birth Dearth or Baby Boom?
Birth Dearth or Baby Boom? A new debate on where global population may be headed Lots and lots of babies! Upgrade to paid Writing in the Wall Street Journal earlier this week Greg Ip and Janet Adamy explored the possibility that the world’s population may peak and begin to fall far sooner than demographers have previously projected: […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
Fed’s Asset Purchases Result in Increased Market Volatility
Fed’s Asset Purchases Result in Increased Market Volatility “Once again, the empirical evidence supports reigning in the Fed; the economy works better when the Fed does less, not more.” The Federal Reserve underwent a massive regime shift following the 2008 financial crisis. It incorporated several new tools into its monetary policy arsenal, ranging from interest on excess […]
Germany’s Dark Future
Germany’s Dark Future The Pot is calling the kettle black. Many in Germany are now afraid to fly the German flag, for fear they will be labelled a “nationalist”. By weaponizing the fear of being labeled a Nazi, the currently governing German government is going further down the dark path of censorship and, even worse, […]
China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough
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 […]
Controversial FAA Bill Passes Senate, Promotes Digital IDs and Mobile Licenses, Facial Recognition Concerns Ignored
Controversial FAA Bill Passes Senate, Promotes Digital IDs and Mobile Licenses, Facial Recognition Concerns Ignored The US Senate has passed the Federal Aviation Administration (FAA) reauthorization act, which enjoyed bipartisan support, with an overwhelming majority (88-4). The legislation includes a push to introduce digital ID and digital or mobile driver’s licenses, and will be considered […]
The Decay of Everyday Life
The Decay of Everyday Life So where does this leave us? We’re on our own. This month I’ve described what can be summarized as The Decay of Everyday Life: the erosion of the fundamental elements of everyday life: work, opportunity, social mobility, security and well-being, which includes civility, conviviality and a functional, competent social-political order. In other […]
“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs
“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 […]
Hezbollah launches first-ever Lebanese airstrike on Israeli base
Hezbollah launches first-ever Lebanese airstrike on Israeli base The resistance group used, for the first time, a drone equipped with two missiles to attack Israel’s Metulla site (Photo credit: X) Hezbollah launched the first-ever Lebanese airstrike on an Israeli target on 17 May, using a never-before-seen drone for the operation. “In support of our steadfast […]
Why the dollar will lose its status as the global reserve currency
Why the dollar will lose its status as the global reserve currency By the early 400s, the Roman Empire was coming apart at the seams and in desperate need of strong, competent leadership. In theory, Honorius should have been the right man for the job. Born into the royal household in Constantinople, Honorius had been […]
Small-scale farmers in Ethiopia: First came conflict, then devastating drought
Small-scale farmers in Ethiopia: First came conflict, then devastating drought Kalayu and other farmers can now harvest up to four times a year, instead of relying only on rain and harvesting only once a year. All photos: Sarah Easter/CARE Kalayu, 70, was once a self-sufficient farmer, but “last season,” he says, “there was no harvest […]
