Friday, December 26, 2025

FINANCE

Trump Signs Order Reclassifying Marijuana as Schedule III Drug

(Thérèse Boudreaux, The Center Square)  President Donald Trump signed an executive order to reclassify marijuana from a Schedule I to a Schedule III controlled substance, despite many Republican lawmakers urging him not to. "I want to emphasize that the order I am about to sign is not the legalization ...

Man Learns Not to Pack Silver Coins in Checked Bag the Hard Way

(Mike Maharrey, Money Metals News Service) Let’s talk about security. If you own precious metals and you opt to keep them in your possession, you need to take steps to keep them secure, right? You don’t want to be like the lady who hid her silver coins in a...

Is the Gold Market a Bubble? Or Is Something Else Going On?

(Mike Maharrey, Money Metals News Service) Gold is up over 109 percent since the beginning of 2024. Some analysts say that the yellow metal is in a bubble destined to pop. However, there is another possibility. What if the meteoric rise in the price of gold is signaling a paradigm...

Trump Halts Green Card Lottery After Brown University Shooting

(Headline USA) President Donald Trump suspended the green card lottery program on Thursday that allowed the suspect in the Brown University and MIT shootings to come to the United States. Homeland Security Secretary Kristi Noem said in a post on the social platform X that, at Trump’s direction, she is...

November Inflation at 2.7%, Lower than Expected

(Andrew Rice, The Center Square)  Consumer prices rose by 0.2% in the two month period between September and November. In the past 12 months, overall prices rose by 2.7%, which marks a slowdown from 3% reported in September, according to the Bureau of Labor Statistics. Due to the federal government shutdown,...

Somalians Stole BILLIONS of Dollars from Welfare Programs in Minnesota, DOJ Says

(Headline USA) Half or more of the roughly $18 billion in federal funds that supported 14 Minnesota-run programs since 2018 may have been stolen, a federal prosecutor said Thursday, describing the massive and multilayered fraud schemes as staggering. While prosecutors typically see fraud manifest as providers overbilling, Thompson said during a...

U.S. House Passes GOP Health Care Bill, Sends to Senate

(Thérèse Boudreaux, The Center Square)  The U.S. House passed the Lower Health Care Premiums for All Americans Act in a party line, 216-211, vote Wednesday, sending the bill to its likely demise in the Senate. The bill, which will almost certainly fail to reach the Senate’s 60-vote threshold, is Republicans’...

Trump Administration Approves More Than $11 Billion in Arms Sales for Taiwan

(Dave DeCamp, Antiwar.com) The State Department on Wednesday approved a series of arms deals for Taiwan worth more than $11 billion, including multiple types of missile systems and munitions, an announcement that China has strongly condemned. If the sales aren’t blocked by Congress, which is unlikely to happen since there’s...

November CPI Report Like the Gift of an Ugly Sweater

(Mike Maharrey, Money Metals News Service) The November CPI data is a little like that ugly sweater you got for Christmas last year. It was an interesting topic of conversation, but it wasn’t good for much by the time January rolled around. The November CPI data came out much cooler than expected,...

Federal Budget Deficit Narrowed in November Thanks to Tariffs But Large Spending Gap Persists

(Mike Maharrey, Money Metals News Service) Good news! The federal budget deficit shrank substantially in November. Bad news! Uncle Sam still ran a significant budget shortfall in November, despite a massive surge in tariff revenue. The November deficit came in at $173.28 billion. Through the first two months of fiscal 2026 (Oct-Nov),...

Trump Admin. Awards Palantir $300M No-Bid Contract to Monitor Food Stamps

(José Niño, Headline USA) The Trump administration awarded Silicon Valley data analytics firm Palantir Technologies a $300 million contract without competitive bidding to construct an AI powered system targeting alleged fraud in the Supplemental Nutrition Assistance Program. This move has sparked widespread concern about surveillance overreach and discriminatory targeting...

American Jewish Committee Pushes Censorship After Bondi Beach Attack

(José Niño, Headline USA) In the wake of the mass shooting at Bondi Beach in Sydney, Australia, American Jewish Committee (AJC) CEO Ted Deutch embarked on a high profile media tour that framed the atrocity as a mandate for global action against online speech.  The shooting which Australian authorities classified...
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