China’s Economic Miracle Has Run Out Of Road
Logan Wright’s Broken China: How the Economic Miracle Shattered and What It Means for the World provides considerable, up-to-date evidence for the minority view.
Business
The Tragic Path Of New Keynesianism
Milton Friedman popularized and developed the monetarist framework, arguing that the stagflation of the 70s was the result of expansionary monetary policy.
Global Warming: Here’s Where We Are
Let’s begin with United Nations Secretary-General Antonio Guterres’ claim that seas are rising “faster than at any point in recorded history with far-reaching consequences”...
US Wholesale Inflation Hits Four-Year High As Prices Rise Sharply
The Producer Price Index (PPI), which tracks prices received by businesses, increased 1.3% from August and 6.3% year over year
Global Tech Stocks Slide As AI Investment Concerns Mount
Recent US inflation figures have raised concerns that borrowing costs could increase the expense of financing AI infrastructure
Amazon’s Proposed Westborough Drone Hub Faces Strong Local Opposition
Local opposition appears substantial. One independent survey of 1,200 responses found 92% opposed to the facility, while a separate voluntary survey recorded more than 1,500 responses, with 93% against the project.
Could Affordability Decide California’s Governor Race?
This concern cuts across parties, too, as a US Polling Data poll found the economy ranked as the top overall issue for both Democrats and Republicans.
The Only Way To Fight Government Corruption
Corrupt officials abuse their positions because the government is so enormous and invasive that there are endless opportunities for graft and grift.
Berkshire Hathaway Raises Stake In Nasdaq-Listed Bending Spoons To 4%
Under the agreement, the Italian technology company will issue 10 million ordinary shares to Berkshire at $33 each.
Netflix To Cut Nearly 1,000 Jobs In Workforce Restructuring
Co-CEOs Ted Sarandos and Greg Peters told employees that the company’s business remained strong and was on track to meet its full-year financial forecast.
Bank Of America Profit Drops 17% As Trading Revenue Disappoints
Net profit declined 17% to $6.93 billion, while earnings per share came in at 91 cents against analysts’ expectations of $1.10.
Panel Discussion Explores The Future Of AI Regulation
The panelists generally agreed that the future is happening right now. “AI technologies are going to affect all aspects of our lives,” Upal warned. “There are no ‘safe’ jobs. We need to make sure there are guardrails.”
The Austrian Cure: The Restoration Of Economic Reality
The cure... is the restoration of sound money, free prices, secure property, open competition, capital accumulation, and the discipline of profit and loss.
UnitedHealth Posts Strong Quarterly Earnings Despite Elevated Healthcare Costs
The health insurer expects adjusted earnings of at least $20.50 per share this year, up from its previous forecast of $19.50 to $20
IMF Warns Of Financial Risks From Rising Debt And Circular AI Deals
The fund highlighted growing hedge fund exposure to US Treasuries, warning that leveraged positions could unwind simultaneously and disrupt markets
Starbucks Denies Plans To Acquire Chipotle After Takeover Speculation
Starbucks CEO Brian Niccol, who previously led Chipotle until late 2024, is overseeing a turnaround effort at the coffee chain.