Monday, July 14, 2025

FINANCE

SWEAT THREAT: Wind, Solar Shortcomings Force Texans to Dial Back Electricity Use

(Bethany Blankley, The Center Square) The Electric Reliability Council of Texas (ERCOT), the regulatory agency that manages Texas’s power grid, said tight grid conditions are expected this week due to high number of forced generation outages, and urged Texans to conserve energy. The announcement came one month after it published its...

IRS: Texas Grew by 114K Taxpayers and $4B in Gross Income

(Robert Davis, The Center Square) Texas welcomed new residents of all ages and incomes in the years leading up to the COVID-19 pandemic, according to recent Internal Revenue Service data. The data was collected for tax years 2018 and 2019, meaning it represents the tax filings from 2017 and 2018. The data reflects migratory...

Key Price Index Rises at Record Rate, Adding to Inflation Woes

One key reading of the misery index for U.S. consumers is continuing to rise, according to data released by the Bureau of Labor Statistics. The "misery index" is calculated by adding unemployment to inflation. Wholesale prices (PPI), driven by rising food costs, increased 0.8% in May and by a unprecedented amount...

Four News Events That Could Drive Bullion Demand

(Clint Siegner, Money Metals News Service) The halfway point of the year is quickly approaching. Dwindling confidence and concern over the direction of the country along with rising inflation expectations continue to drive strong demand for physical gold and silver. That trend appears set to continue through the second half of 2021. Here...

Dressing Like a Slob at Work, Church are Destroying America’s Dry-Cleaning Industry

Stay-at-home culture during the coronavirus panic has not only encouraged bad habits---such as maintaining a more slovenly appearance---but it also threatens to destroy job-creating small businesses, many of which offer financial lifelines to working-class immigrants. Now, in order to save the country, it's time to start wearing ties again. As the...

G7 Approves ‘Global Minimum’ Tax to Quell Competition, Benefit Big Tech (and China)

During Friday's G7 meeting at the posh Carbis Bay Hotel in Cornwall, UK, world leaders agreed---in principle---to enact global minimum corporate taxes of 15% for member countries. The globalist gimmick would cut down on tax competition between the developed nations, allowing big-spending liberals to maximize their public intake without suffering...

Outrage Follows IRS Leak of Private Citizens’ Tax Returns to Far-Left Media Site

As President Joe Biden plans to hire 87,000 new tax collectors at the Internal Revenue Service, years of confidential tax filings from thousands of the nation's wealthiest individuals leaked from the agency, liberal news site ProPublica reported. The scope of the unlawfully revealed tax filings indicates that a government employee, most...

Congressman Presses Treasury Sec. Yellen for Disclosure of US Gold Activities

(Money Metals News Service) As foreign governments reportedly accumulate gold and de-dollarize their sovereign wealth funds, a Republican congressman is asking tough questions of the U.S. Treasury about its secretive gold activities. Representative Alex Mooney (R-WV) – sponsor of the Gold Reserve Transparency Act of 2021 (H.R. 3526) to require the...

Are You Positioned for the Coming Flight to Quality?

The S&P 500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets. Underneath the surface, however, warning signs are flashing for investors in financial markets. Over the past several weeks,...

Resetting the Federal Debt

(Keith Weiner, Money Metals News Service) According to the US Treasury, the federal government owes $28.2 trillion. It crossed the “28” threshold on the last day of March. The debt was just under $25 trillion at the end of April a year ago. There’s no question it’s growing at a...

Fed Pressed for Action as Inflation Rises to 13-Year High

Inflation continued to rise sharply in May across many key components, with the Consumer Price Index increasing 0.6% in May according to the Bureau of Labor Statistics report released today. BREAKING! US Headline #Inflation rose to 5.0% in May, beating expectations. Core #CPI up to a whopping 3.8%, highest since...

Keystone XL Pipeline Permanently Nixed After Biden Permit Cancellation

(Headline USA) The sponsor of the Keystone XL crude oil pipeline pulled the plug on the project Wednesday after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office. Calgary-based TC Energy said it would work with government agencies “to...
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