FINANCE
Elon Building a Muskville in Texas
(Headline USA) Chief Twit Elon Musk is reportedly planning to build his own town in Texas.
Musk, who owns Tesla and Twitter, recently purchased thousands of acres near Austin, Texas, and has already hired architects to draw up plans to build a new community, according to the Wall Street Journal....
One of Silicon Valley’s Top Banks Fails; Assets Are Seized
(Headline USA) Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this...
More Aggressive Interest Rate Hikes May Be on Horizon
(Casey Harper, The Center Square) Federal Reserve Chairman Jerome Powell warned Congress that more aggressive interest rate hikes may be on the horizon.
Powell testified before the Senate Banking Committee on Wednesday where he cited the stronger economy, saying bigger hikes could be necessary to address inflation. The Fed has been...
Walmart Closing All Portland Stores amid Crime Wave
(Molly Bruns, Headline USA) Walmart announced that it was closing all of its locations in Portland, Oregon, due to concerns about the city's chronic crime problem.
According to Breitbart, the two stores, located in the Hayden Meadows and East Port Plaza areas, will close. The 580 employees working at the...
Only 1 in 5 Homes Is Financially within Reach for Avg. American
(Jacob Bruns, Headline USA) As the wealth divide in America grows and Bidenflation skyrockets, fewer and fewer Americans are able to afford homes, even in the less expensive parts of the country.
Now, a mere one in every five homes is within reach financially for the average American family, the...
Biden’s $250K Line of Credit on Beach House Remains a Mystery
(Jacob Bruns, Headline USA) President Joe Biden and his administration have thus far refused, despite constant and numerous questioning, to explain the $250,000 line of credit against the president's Delaware beach house.
The president and his family secured the line of credit amidst revelations of Hunter Biden's tax scandal, as...
WaPo Admits Biden’s Loan Scheme Is Illegal, but So What?
(Molly Bruns, Headline USA) A recent article from the editorial board of the Washington Post concluded that President Joe Biden's executive order partially forgiving student debt is indeed illegal, but the Supreme Court should allow the order to pass nonetheless.
According to the National Review, the WaPo piece, titled "Biden...
ESG That Is Dangerous In Theory, Will Prove Meek In Reality
(John Tamny, RealClear Wire) It was reported in the New York Times the week before last that the U.S. hedge funds at the top of the proverbial heap had reaped gains for their owners of over $22 billion in 2022. Contrast the previous number with losses in the total hedge...
Ford Wants to Lock Out Drivers Who Are Late on Payments
(Molly Bruns, Headline USA) Ford Motor Company recently published a patent for technology that would automatically lock drivers out of their cars if they miss a payment.
According to the Post Millennial, the patent also included technology that would enable the vehicle to sense if someone attempted to dodge a...
Startup Public Square Aims to Be Anti-Woke Amazon Alternative
(Jacob Bruns, Headline USA) A startup business called Public Square intends to offer an anti-woke alternative to the consumerist-media empire that is Amazon.
After launching seven months ago, Public Square claims to currently host upwards of 50,000 "patriotic" vendors and has processed millions of transactions, the Daily Mail reported. Recently, it announced...
How the AI Wars Are Proving That Google Isn’t a Monopoly
(Danny Duchamp, FEE) Google’s share price dropped nearly 10% earlier this month in the wake of Microsoft’s announcement that they are integrating Open AI’s ChatGPT into their search engine. Microsoft’s search engine, Bing, currently accounts for only 3% of web searches, trailing far behind Google’s impressive market share of more...
The World Bank Takes a Wrong Turn
(Rupert Darwall, RealClear Wire) President Biden’s nomination of Ajay Banga, the former CEO of Mastercard, to succeed David Malpass as World Bank president suggests that the Biden administration is prioritizing climate change over the World Bank’s founding mission of poverty eradication and economic development. This was made clear in the...
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