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Feds Close Trucking Schools in Alleged Fraud Crackdown

(Jim Talamonti, The Center Square) Trump administration officials say they have ordered the emergency removal of 110 commercial driver’s license schools associated with more than 5,000 drivers who failed English language proficiency tests. They have also shutdown of 150 additional schools that claim to be certified but have unlicensed instructors...

There’s a Race for Vault Space as Physical Gold Demand Surges Globally

(Mike Maharrey, Money Metals News Service) It’s a bull market in gold vaults. The surging gold price has sparked a significant uptick in demand for physical bars and coins. And with so many investors stacking gold, they need someplace to store all that metal. Sharps Pixley told The Financial Times that its vaults...

Fidelity International Doubles Gold Holdings as a Lack of Faith in the Fed Grows

(Mike Maharrey, Money Metals News Service) As the bond market continues to melt down and faith in the Federal Reserve’s willingness and ability to tackle inflation grows, it appears at least some institutional investors in the West are turning back toward gold. In a recent interview, Fidelity International portfolio manager...

How Bitcoin and Gold Went from a Slump to an MVP Week in Just a Few days

(Headline USA) Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high of around $95,000 to below $60,000 at the end of June. Investors...

The Cost of America’s 25-Year War on Terror: Closing in on $10 Trillion

(Bethany Blankley, The Center Square) Twenty-five years after the Sept. 11th terrorist attacks, the cost to taxpayers for the U.S. War on Terror is approaching $10 trillion. Initial costs for two conflicts in Iraq and Afghanistan were more than $8 trillion. An additional $2 trillion will be incurred by U.S....

India Gold Market Showing Signs of Recovery

(Mike Maharrey, Money Metals News Service) After facing significant headwinds over the last couple of months, a recovery seems to be brewing in the Indian gold market. India ranks as the second-largest gold market behind China. After domestic gold corrected sharply in June, the price stabilized in July and began recovering in...

GOP Group Launches $22 Million Midterm Ad Blitz

(José Niño, Headline USA) The American Action Network, a leading outside group tied to House Republican leadership, plans to roll out a $22 million advertising push on Thursday spanning 41 congressional districts, according to an Axios report. The move signals how GOP strategists intend to lean on tax policy...

$40 Trillion Debt Black Hole: Is a Financial Crisis Coming?

(Money Metals News Service) The United States is closing in on a milestone that would have been almost unimaginable not long ago: $40 trillion in national debt. That staggering figure framed the latest episode of the Money Metals Midweek Memo, as host Mike Maharrey examined what he calls the economy’s “debt...

Pentagon Orders Audit of 30 Universities’ Partnerships with Foreign Institutions

(Headline USA) The Department of Defense has ordered 30 U.S. universities to audit their partnerships with mostly Chinese universities and military training institutions as the Trump administration scrutinizes the country's growing global influence. If the schools don't complete a review and terminate any arrangements deemed problematic within the next two weeks,...

Inspector Finds ‘Dormant’ $57 Million Fund

(Jim Talamonti, The Center Square) Following an advisory by the Chicago inspector general’s office, the city treasurer has asked the city council to dissolve the Community Catalyst Fund and return its more than $57 million in assets to general funds. The fund was set up 10 years ago to increase...

2027 Social Security Raise Pegged Between 3.2% and 3.6%

(Brett Rowland, The Center Square) Seniors are on track for a Social Security raise of 3.2% to 3.6% next year, money paid from a retirement fund the program's trustees say will be depleted in 2032. Three groups have issued 2027 estimates based on July inflation data and projections for the...

Flock Announces Changes Amid Backlash Over its License Plate Reader Network

(Headline USA) Flock Safety, the surveillance technology company increasingly under scrutiny from lawmakers from both parties, civil liberties advocates and citizens across the U.S., announced Thursday that it is making changes to its platform intended to quell privacy concerns and address documented abuses of its system by some members...
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