NATO Secretary General Jens Stoltenberg said last week that Ukraine has the right to use NATO-supplied weapons to strike deep inside Russia—which suggests that Russia might feel free to respond deep inside NATO countries.
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
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.
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
The Supreme Court hears a case beginning today that could mean the end of racial quotas. The suit is based in part by claims that Asian students are discriminated against in college admissions in favor of other students of color.Continue Reading
A new study finds that, because of inflation, the average US household will have to spend $11,500 more this year to maintain the same standard of living it had in 2020.Continue Reading
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