The cost of food in Europe has continued to soar, rising 16.6 percent in the year to April -- despite falling energy prices -- which is far more than the headline inflation rate of 8.1 percent. The cost of grains, vegetable oil, dairy, and other staple foods has
Meta will lay off another 6,000 employees in its business departments in the latest round of mass cuts. Meta is about to lay off around 6,000 employees in its third round of mass cuts, according to news outlet Vox, which obtained a recording of a recent company staff
It seems certain that the Democrats will continue with what they see as a successful tactic: Portraying anyone who supports Trump as a beyond-the-pale extremist.
By Alexander Gray for the Daily Caller Foundation | May 20, 2023 Last week, the House Energy and Commerce Subcommittee on Oversight & Investigations held a hearing to discuss important issues surrounding America’s pharmaceutical drug supply challenges. Though the subcommittee is right to give this issue the focus it deserves,
The GOP's odds of winning the White House in 2024 are better than ever.
By Doug French for the Mises Institute | May 20, 2023 The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, JP Morgan’s Jamie Dimon said, “This part of the crisis is over.” After he said
By Daniel Lacalle, the Mises Institute | May 20, 2023 The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the
By Steve Miller, RealClearInvestigations | May 16, 2023 While pushing record spending for research and development, the Biden administration is working not just to advance science but also progressive ideology. In line with the administration’s “whole of government” commitment to diversity, equity, and inclusion, recent grants and requests for proposals
Sen. Marco Rubio's office released a 329-page report called "A COMPLEX AND GRAVE SITUATION” and a video highlighting the findings of an investigation into the origin of COVID-19. Senator Rubio asserts that China closed schools in November 2019, despite claiming that the first COVID-19 cases were in
By Bryce Hill for the Daily Caller News Foundation | May 19, 2023 We are a nation that trusts some government numbers, but not all. But here’s the thing about data: it doesn’t care about our feelings; it just provides information. And many of the people who report on
By Grover Norquist for the Daily Caller Foundation | May 20, 2023 President Joe Biden nominated an extraordinarily radical candidate for U.S. Secretary of Labor who wants to wield bureaucratic power to raise your taxes. Julie Su was previously confirmed as Biden’s Deputy Secretary of Labor on a thin
It is an infinite do-loop, where a course correction can never happen.
By Terence P. Jeffrey via the Daily Signal During President Barack Obama’s first term, there was a massive spike in the annual deficits run up by the federal government. In fiscal 2008, which ended a little more than a month before Obama was elected, the annual federal deficit was
By David Stockman via the Brownstone Institute | May 19, 2023 Yes, inflation is taking its toll on the ballyhooed consumer. The figures for retail and food service sales released this AM for April left nothing to the imagination, falling by nearly 3 percent in inflation-adjusted terms from the level of
By Daniel Kowalski for the Mises Institute | May 19, 2023 On April 6, 2023, President Joe Biden’s Twitter account sent the following message: “Trickle-down economics doesn’t work.” Trickle-down economics is a phrase that is often thrown around negatively to ridicule those who believe that the free-market system is
By Ryan McMaken, the Mises Institute | May 20, 2023 On Friday, members of the Arab League welcomed the Syrian regime back to the organization. Representatives from several Arab member states shook Syrian leader Assad's hand and gave him, a "warm" reception according to several news outlets.
