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As Homeownership Costs Soar and Inflation Persists, Americans Sour on Biden’s Economy
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Family Research Council President Joe Biden turned 81 years old on Monday, and he was greeted with the lowest approval rating ever recorded by NBC News at 40%. While a large part of the number is due to Democrats’ disapproval of Biden’s handling of the Israel-Hamas conflict, it’s also likely a reflection of an economy that continues to […]
U.S. Backing New Plan To Cripple Coal Industry At UN Climate Conference
/in DrRichSwier.com, Economy, Elections, Energy, Environment, Politics, Science /by DrRichSwier.comBy The Daily Caller The Biden administration is set to back a plan that would crush the coal industry at the upcoming United Nations (UN) climate summit, Reuters reported on Tuesday. The U.S. will reportedly support a French plan to get the countries of the world to ban private financing of coal-fired power plants during […]
U.S. Job Market Growth Inflated By Government Hiring, Not Real Value Creation
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Carrie Sheffield A Potemkin village is a construction—literal or figurative—designed to deceive people into believing a situation is better than it is. The term arose from a fake portable village reportedly built by Russian military leader Grigory Potemkin, former lover of Empress Catherine II, solely to impress her while she traveled to Crimea in […]
Either Get Rid of TikTok or Just Surrender to China
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Jihad Watch “TikTok is undoing all of that. It’s crazy to watch in real time.” In its latest social experiment, Communist China decided to test an algorithm to see if it could get social media influencers and idiot kids under its control on TikTok to come out for Osama bin Laden. Worked pretty well. […]
New ‘NEWSRAEL PRO’ App Launched
/in DrRichSwier.com, Economy, Politics, Religion /by DrRichSwier.comBy Dr. Mordechai Kedar Newsrael is a free dynamic newsfeed app, pro-Israel, reporting 24/7 on all important events in the Holy Land. Newsrael views with great importance the mission to disseminate pro-Israeli news in real time to the evangelic audience and other Israel supporters. Newsrael allows all supporters of Israel to send in text […]
The Two Nations
/in Economy, Education, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Michael Rectenwald A bottom-up libertarian localism that rejects federal funding and resists centralized control is the only viable way to defeat the totalitarian left and to restore the American republic Two political, economic, and cultural movements are vying for the soul of America. One is a program from above, and the other, a movement […]
The True Cost of EVs Is More Than The Sticker Price
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Brent Bennett, Ph.D., The Honorable Jason Isaac The goals of President Joe Biden’s administration are lofty: among them, nationwide vehicle electrification within 20 years. To reach that goal, the administration has recently proposed new fuel economy regulations that will help ensure that 67% of new passenger cars sold are electric vehicles by 2032. The problem is that […]
U.S. Business Execs Give Chinese Dictator Multiple Standing Ovations During Exclusive Dinner
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Family Research Council Following President Biden’s and Chinese President Xi Jinping’s summit on Wednesday, the communist dictator, whose government has perpetrated extensive, well-documented crimes against humanity, was warmly received with multiple standing ovations at a lavish dinner that evening in San Francisco attended by prominent U.S. business executives and government officials. The dinner, which was hosted by […]
The Fed Is ‘Chasing Its Own Tail’ On Inflation, And The Housing Market Is Paying The Price, Expert Says
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics, Regulation, Taxes /by DrRichSwier.comBy The Daily Caller A guest essay published in The New York Times on Tuesday finally pointed a finger at a major culprit behind the housing crisis: The Federal Reserve. The essay was written by Westwood Capital Investment bank’s managing partner Daniel Alpert, and detailed his take on the Fed’s “relentless attack on inflation” which he thinks […]
Obama’s Financial Legacy – A Shift from Bank Bailouts to Bail-Ins
/in DrRichSwier.com, Economy, Politics, Taxes /by DrRichSwier.comBy Amil Imani Bail-ins, they say, are like financial gymnastics gone wild – saving failing banks with the equivalent of a fiscal somersault. According to Fortune magazine: A bail-in is a form of financial relief for banks that are in danger of collapsing or going bankrupt. The relief comes from canceling some or all of the […]
The View From the Financial Watch Tower: The Other Yellowstone Show You Need To See
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Several news stories caught attention in the last few days. One was that Moody, the bond rating agency, joined Standard and Poor’s and Fitch, in downgrading the bond rating of US government debt. It would seem the issuer of the reserve currency of the world, and the world’s largest economy no longer […]
The Great Inflation Head Fake
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Several news stories caught attention in the last few days. One was that Moody, the bond rating agency, joined Standard and Poor’s and Fitch, in downgrading the bond rating of US government debt. It would seem the issuer of the reserve currency of the world, and the world’s largest economy no longer […]
College History Textbooks Spread Misinformation About the Great Depression
/in Economy, Education, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Phillip W. Magness The Great Depression was the most significant macroeconomic event of the past century, but don’t expect to find an accurate portrayal of its causes in your college history classroom. The most commonly assigned college-level US history textbooks contain obsolete and economically erroneous explanations of the 1929 stock market crash and its […]
Commercial Real Estate Debt: Calm Before the Storm or the Pause That Refreshes?
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Mark Wallace Sometime during the mid-afternoon of July 17, 1967, a band of six mountaineers set off from Camp VII at 17,900 feet on Mount McKinley in their quest to reach the summit. Four others of their party had summited the mountain two days earlier after an eight-hour climb from Camp VII with nearly […]
A Nobel for a Student of Civilization
/in Economy, Education, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Peter Jacobsen The 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially referred to as the Nobel Prize in Economics) was awarded to economist Claudia Goldin. To preface this article, I don’t believe there should be a Nobel Prize in economics, as I’ve pointed out before. My reasoning on this […]
New Gov’t Data Suggests Biden Admin’s Anti-Gas Appliance Push Could Make Home Heating Way More Expensive
/in Budget and Finance, DrRichSwier.com, Economy, Politics, Regulation, Taxes /by DrRichSwier.comBy The Daily Caller Americans using electric heating systems, favored by the Biden administration’s climate agenda, will pay significantly more to keep their homes warm this winter than Americans using natural gas, according to data from the U.S. Energy Information Administration (EIA). Those who use electricity to heat their homes will pay $1,063 on average […]
A Massive Carveout In Dems’ Climate Law Is Boosting Foreign-Made EVs
/in DrRichSwier.com, Economy, Elections, Energy, Environment, Science /by DrRichSwier.comBy The Daily Caller A key carveout in President Joe Biden’s signature climate bill is allowing companies to take advantage of federal tax credits to lease foreign-made electric vehicles (EVs). The Inflation Reduction Act (IRA) features a $7,500 tax credit to incentivize Americans to purchase EVs that meet certain “made in America” sourcing and manufacturing standards, but […]
Americans Are Increasingly Failing To Make Debt Payments As Inflation Continues To Put ‘Strain On Consumers’
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics, Regulation, Taxes /by DrRichSwier.comBy The Daily Caller Americans are increasingly falling behind on their debt payments as inflation continues to erode real incomes, threatening to cause many consumers to declare bankruptcy. Delinquency transitions, debts that were previously being paid but no longer are despite outstanding obligations, rose rapidly in the third quarter of 2023 in all forms of […]
The Real Scandal: Covid Inquiry’s Failure
/in Economy, Education, Featured, Healthcare, Liberty, ThePricklyPear.org /by ThePricklyPear.orgBy Will Jones The real Covid scandal is emerging right in front of the inquiry’s nose, writes Fraser Nelson in the Telegraph: Britain could have escaped the horrors of lockdown, but nobody pulled apart the doom models driving it. Here’s an excerpt. Let’s go back to when much of the world had copied the Wuhan lockdown, […]
Driver Shortage? Not So Fast
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Gord Magill Something most people don’t think about when they see an 18-wheeler rolling down the road? Corporate welfare. Something many people do think about when they see that 18-wheeler, especially when following one down the interstate and staring at the ubiquitous ads that indicate that many companies are hiring, is the “truck driver shortage.” You’ve […]
Biden’s Plan To End ‘Digital Discrimination’ Would Lead To More Gov ‘Control Over The Internet,’ FCC Commissioner Says
/in DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy The Daily Caller President Joe Biden’s administration has urged the Federal Communications Commission (FCC) to enact new rules aimed at tackling “digital discrimination” that FCC Commissioner Brendan Carr says would radically expand its regulatory scope. The rules, which the Democrat-controlled FCC will vote on on Nov. 15, seek to grant the commission expanded authority to […]
Introducing Nike Employee and Hamas Apologist James Rehwald
/in DrRichSwier.com, Economy, Politics, Religion /by DrRichSwier.comBy Jihad Watch Among the many people whose anti-Israel animus is so great that it surely rests on a bedrock of antisemitism is James Rehwald, a marketing specialist at Nike. His employer might not be happy that he has now drawn such scrutiny to himself; does anyone doubt that some people — you and I, […]
Another “Hawkish Hold” with Tightening Bias: Fed Keeps Rates at 5.50% Top of Range, Rate Hike Still on the Table. QT Continues
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Higher for how much longer? “The extent of additional policy firming that may be appropriate… The FOMC voted unanimously to keep its five policy rates unchanged today, with the top of its policy rates at 5.50%, as had been broadly messaged in recent weeks in speeches by Fed governors. It was the second […]
TERROR TV: NPR Is Supporting Hamas Terrorism @NPRpubliceditor
/in DrRichSwier.com, Economy, Elections, Politics, Religion /by DrRichSwier.comBy The Geller Report National Public Radio (NPR) has long been criticized for its biased coverage of the Palestinian-Israeli conflict. By: CAMERA, November 2, 2023: NPR is running interference for the Hamas terrorist regime, as we can see by its coverage of the deadly explosion near the Al-Ahli Hospital that took place on October 17 in northern Gaza. Evidence […]
Berkshire Hathaway Reports $12.8 Billion Loss Amid Falling Investments
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy The Daily Caller Warren Buffett’s Berkshire Hathaway reported a substantial loss of nearly $13 billion in the third quarter of the year. The company disclosed that it lost $12.8 billion, equivalent to $8,824 per Class A share, for the quarter, according to Associated Press (AP). This loss is significantly larger than the $2.8 billion loss, or […]
Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair
/in Economy, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter The much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3. This was Fed Chair Jerome Powell’s reaction this morning when he saw the Q3 GDP report, as captured by cartoonist Marco Ricolli for WOLF STREET: In Q3, all our drunken sailors were at it together in one huge […]
WHO Furthers Effort to Establish Global Health Governance Apparatus
/in DrRichSwier.com, Economy, Healthcare, Politics, Regulation, Science /by DrRichSwier.comBy Family Research Council On Monday, the World Health Organization (WHO) released the latest draft of its controversial International Health Regulations, with the purported aim to eventually establish a global accord on how to handle future pandemics. Expert observers are continuing to express concern with the regulations, saying that they are covertly designed to take away sovereignty […]
Job Gains Fall Short Of Explanations As Unemployment Ticks Up
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy The Daily Caller The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists had anticipated that the country would add 180,000 jobs in October compared to the 336,000 jobs that were added in September and that the unemployment rate […]
Weekend Read – The Gem of Unplanned Pregnancy Options: ‘Open’ Adoption
/in Economy, Education, Featured, Life Advocacy, ThePricklyPear.org /by ThePricklyPear.orgBy Terri Marcroft Editors’ Note: The following essay is the third of three by Theresa Marcroft published in The Prickly Pear. This series is an important contribution addressing the crisis of unplanned pregnancies in America. The first essay, Weekend Read: How Abortion Hurts Women, presents the very real long-term physical and mental health dangers prior […]
Article In Qatari Daily ‘Al-Sharq’: Arabs Must Punish West For Supporting Israel By Imposing Oil Embargo On It
/in DrRichSwier.com, Economy, Elections, Energy, Environment, Politics, Religion /by DrRichSwier.comBy Middle East Media Research Institute Qatar | Special Dispatch No. 10926 In an October 31, 2023 article in the Qatari daily Al-Sharq, journalist Rabi’a bin Sabbah Al-Kuwari called to punish the U.S. and Europe for supporting Israel by imposing an oil embargo on them, stating that oil a weapon “more powerful than military weapons.” It should be mentioned […]