Economy & Inflation
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BREAKING NEWS
The Incoming Commercial Real Estate Crisis No One Seems Prepared For
By Kevin Stocklin It has been a year since a string of U.S. regional bank failures, together with the collapse of global heavyweight Credit Suisse, caused many to fear that a major financial crisis was imminent. But, by the summer of 2023, the panicked withdrawals by frightened depositors largely subsided. In February, however, New York…
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Iranian President, Foreign Minister Killed in Helicopter Crash
By Aldgra Fredly Iranian state media reported on May 20 that President Ebrahim Raisi, the country’s foreign minister, and several other Iranian officials died in a helicopter crash in the northwestern part of the country. Iran’s supreme leader has also confirmed the deaths. Iranian Supreme Leader Ayatollah Ali Khamenei, who holds ultimate power in Iran,…
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Jack Smith’s Appointment Violated the Constitution, Some Legal Experts Argue
By Catherine Yang Days before Attorney General Merrick Garland appointed special counsel Jack Smith to investigate former President Donald Trump, experts who had been following the Justice Department investigations questioned its necessity. Mr. Smith was appointed on Nov. 18, 2022. Would the appointment of an “independent” lead prosecutor undermine the Justice Department’s own appearance of…
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Star Witness Michael Cohen Admits Stealing Tens of Thousands From Trump Organization
By Jack Phillips Former Trump associate and lawyer Michael Cohen on Monday admitted to stealing thousands of dollars from the Trump Organization as he testified during the former presidents’ trial in New York City. Mr. Cohen made the admission while facing cross-examination from defense attorney Todd Blanche. “You did steal from the Trump Organization based…
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Helicopter Carrying Iranian President Crashes
By Web Staff A helicopter carrying Iranian President Ebrahim Raisi, the country’s foreign minister, and other officials crashed in the mountainous northwest reaches of Iran on May 19, sparking a massive rescue operation in a fog-shrouded forest, state media have reported. Mr. Raisi was traveling in Iran’s East Azerbaijan province. State TV said the helicopter…
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Behind Rosy Economic Data, Americans Struggle to Make Ends Meet
By Emel Akan Monica Lomax, a 59-year-old resident of Elkridge, Maryland, has been feeling the pinch of rising costs. She’s had to tighten her budget, especially for groceries and clothing. Now, her shopping trips are primarily for essentials, a necessary adjustment in her life to manage the financial squeeze. “I was thinking about purchasing or…
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Conservative Group Files Emergency Court Motion to Get Biden–Hur Audio Tapes
By Tom Ozimek The Heritage Foundation, a conservative think-tank, has filed an emergency motion in a Washington court seeking to accelerate the release of audio tapes of President Joe Biden’s interview with special counsel Robert Hur, over which the White House recently asserted executive privilege. The emergency motion, filed on May 17 at the U.S.…
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Chinese Spy Defector Shares New Info on Dissident Whose ‘Mysterious’ Death in Canada Was Cited as a Warning
By Andrew Chen A former Chinese spy has revealed new information about the Chinese regime’s targeting of a Chinese dissident who died in British Columbia in 2022. While the RCMP says the death was not suspicious, it was raised as a warning last year to another exiled Chinese activist now living in Toronto. The warning…
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Oregon’s Mailed Ballot Returns Delayed Due to Confusion About Counting Process
By Scottie Barnes Post offices in two Oregon counties have caused delays in getting ballots from local post offices to county election offices ahead of the May 21 primary election in the vote-by-mail state. After learning from county election clerks that ballot returns were lower than expected and some post offices across the state were…
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Inflation The Effect It Has on Our Currency
By Rodd Mann As we unpack and deconstruct the subject of inflation, there are many aspects ranging from what is inflation, how is it calculated, and what is hurtful about it. The direct impact it has on our currency is what this article will primarily focus upon. We must also do our best to delineate…
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FCC Chair Seeks $6 Billion to Continue Internet Subsidies for Low-Income Households
By Aaron Gifford Federal Communications Commission (FCC) chairwoman Jessica Rosenworcel asked members of Congress for $6 billion in emergency aid on Thursday to continue funding internet subsidies for low-income households. Ms. Rosenworcel also requested a nearly 15 percent increase to the agency’s operations budget for 2025, which would add 1,600 employees, improve a mapping system…
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40 Percent of Arrestees in UC Irvine Protest Had No Connection With School
By Rudy Blalock Forty percent of arrestees in the Pro-Palestinian protest at the University of California–Irvine May 15 had no connection with the school, according to numbers released by authorities. University spokesperson Tom Vasich confirmed to The Epoch Times 47 individuals were arrested—including 26 students, 2 employees, and 19 not affiliated with the institution—for disrupting…
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