Cryptocurrency exchange FTX collapsed in spectacular fashion last week with the owner’s net worth dropping from $15 billion to $0 in days. Sources claim that some $10 billion in customer funds was secretly funneled to a sister company.Continue Reading
A hedge fund founded by Wall Street billionaire Paul Singer warned its clients this week that the sudden end of cheap money has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”Continue Reading
The expected “red wave” failed to materialize Tuesday night. Although Republicans are expected to win a majority of the House, Democrats may keep a slim edge in the Senate. In other news, God is still on His throne.Continue Reading
US credit card balances hit a record in the third quarter as banks offered more cards to consumers with less-than-stellar credit ratings. Meanwhile, subprime auto loans hit their highest delinquency rate in ten years.Continue Reading
A new study finds that only 29% of American adults believe the Bible should be the foundation for determining right and wrong. 42% say “what you feel in your heart” should be the main determinant of moral values.Continue Reading
German Chancellor Olaf Scholz’s visit to Beijing last week may be the opening move in an effort to replace the US with China as a key ally and trade partner.Continue Reading
President Biden this week condemned political violence as a threat to democracy, but strangely enough, he failed to mention threats to Republican politicians or $2 billion property damage from “fiery but mostly peaceful protests” by liberals.
The Pentagon confirmed earlier this week that American troops are on the ground in Ukraine to inspect stockpiles of weapons sent by the US. The proxy war between the US and Russia threatens to get hot.Continue Reading
The Intercept reports that the Department of Homeland Security is broadening efforts to clamp down on speech it considers dangerous by partnering the big tech platforms. This isn’t news to anyone who’s been paying attention.Continue Reading
Drought across America’s farm belt threatens winter wheat and next year’s wheat, corn, and soybean crops. Add to that record low supplies and surging demand for diesel, and higher food prices will be with us for a while.Continue Reading