Thursday, October 23, 2025

FINANCE

U.S. GDP Worse Than Originally Published

(By Casey Harper, The Center Square) Newly revised Gross Domestic Product data shows that the U.S. economy grew by 2.1% in the second quarter of 2023, lower than previously reported by the federal agency. The U.S. Bureau of Economic Analysis released the revised GDP numbers Wednesday, which are lower than...

What Happens If the Government Outspends Its Ability to Pay?

(By Peter Jacobsen, FEE) For “Ask an Economist” this week, I have two questions from J.R. He says, “My question is what happens when the government continues to spend out of control where it potentially out spends its ability to pay its bills/debt? With the national debt over $30 trillion and...

The Real Reason Millions of Americans Are Prohibited From Pumping Their Own Gas

(By Jon Miltimore, FEE) For the first time since the Truman administration, Oregon drivers will be permitted to grab a fuel hose and fill their gas tanks all by themselves. Governor Tina Kotek on Friday signed legislation, which went into effect immediately, that lifts the state’s 72-year ban on self-serve...

San Francisco Bakery Refuses Service to Police Officer Because of ‘Store Gun Ban’

(Corine Gatti, Headline USA) A San Francisco bakery refused service to a uniformed police officer last week, with the company claiming there was a “strict policy” of not serving anyone who is carrying a firearm, the Gateway Pundit reported. The San Francisco Police Officers Association criticized the Arabian-food bakery Reem's for...

Blue-Run Cities Sue Kia, Hyundai for Making Cars too Easy to Steal

(Molly Bruns, Headline USA) The city of Chicago launched a lawsuit against automotive manufacturers Hyundai and Kia for not installing anti-theft technology into their vehicles, making them easier targets for criminals. "Unlike the movies, hot-wiring vehicles is far harder than it appears—unless that vehicle was manufactured by Hyundai or Kia,"...

Report: DEA ‘Accidentally’ Paid a Scam Artist $50,000

(Ken Silva, Headline USA) The Drug Enforcement Administration was tricked earlier this year into giving a $50,000 of cryptocurrency to a scam artist posing as someone with the U.S. Marshals Service, according to a report from Forbes. Citing an FBI search warrant it obtained, Forbes reported Thursday that the DEA seized...

Media Fight to Release Client List of Democrat Establishment-Linked FTX

(Ken Silva, Headline USA) It’s not the Jeffrey Epstein client list, but it’s a start. A coalition of media outlets is fighting in court to release the list of roughly 9 million clients of the defunct crypto firm FTX—whose founder, Sam Bankman--Fried, was the second largest Democratic donor in the...

Bidenomics Triggers Panic Attack as Back-to-School Prices Soar

(Mark Pellin, Headline USA) President Joe Biden’s eponymous economic policy has claimed another victim, with the backlash from Bidenomics driving back-to-school prices to a record high. In at least one case, the skyrocketing costs of school supplies triggered a medical scare. "Before I even went shopping, I will tell you,...

Ford CEO Admits Driving Electric Vehicle Long Distance Was A ‘Reality Check’

(Headline USA) Ford CEO Jim Farley admitted this week that the electric vehicles being forced on the market by the Biden administration have serious downsides that have not yet been addressed. Farley said he recently took Ford’s electric pickup truck on a cross-country road trip, and called the long drive a...

Average Long-Term U.S. Mortgage Rate at Highest Level in More Than 20 Years

(Headline USA) The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale. Mortgage buyer Freddie Mac said Thursday that the...

Big Tech Accused of Sabotaging Tucker Carlson, Mark Levin Books

(Mark Pellin, Headline USA) The publisher of the critically-acclaimed and MAGA-embraced blockbuster book Tucker accused Amazon of deliberately trying to sabotage its success. All Seasons Press confirmed its intent to “make formal representations to the Federal Trade Commission, after the book’s sales rankings appeared to be negatively affected by both...

House GOP Subpoenas Citibank, Widening Probe into FBI’s Collection of Bank Records

(Ken Silva, Headline USA) The House Weaponization Subcommittee issued a subpoena to Citibank on Thursday as GOP legislators widen their probe into the FBI’s collection of the bank records of peaceful protestors who were at Capitol Hill on Jan. 6, 2021. The Weaponization Subcommittee’s probe was initially launched in May,...
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