A German bakery was shocked when its bill for natural gas, normally about $5,800 a month, jumped to about $87,500 a month for the last quarter. The ongoing proxy war between NATO and Russia is leading to a cold, dark, and hungry winter for Europe.Continue Reading

The Federal Reserve Bank plans to launch a new settlement system called FedNow by next summer. While it’s not blockchain-based, like cryptocurrency, it would route credit and debit card transactions through the Fed—meaning instant government records of card purchases.Continue Reading

It’s a question being asked by some Taiwanese government officials after Pelosi Jr., the second-largest investor in a major Chinese tech firm, accompanied his mother on her visit to the island. Specifically, why are children of prominent Democrats so skilled at landing high-paying jobs with foreign companies?Continue Reading

China quietly cut off shipments of sand to Taiwan last Wednesday, depriving the country that produces 2/3 of the world’s computer chips of a critical raw material, potentially affecting everything from computers and cars to missile guidance systems.Continue Reading

Nancy Pelosi’s stunt visit to Taiwan last week caused Xi Jianping and Chinese leadership to lose face, an unforgivable act in their culture. China’s response may be slow in coming, but it will be calculated, precise, and tough.Continue Reading

The Department of Justice filed suit Tuesday against Idaho, seeking to overturn what it calls the state’s “near-total ban” on abortion. Attorney General Merrick Garland claims, however, the lawsuit has “nothing to do with going around” the Supreme Court.Continue Reading