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The Most Splendid Housing Bubbles in America, September Update: Spring Bounce Fades. 20-City Index -0.6% from Peak in 2022, Flat Year-over-Year
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter San Francisco -11% from the peak, Seattle -10%, followed by Las Vegas, Phoenix, Portland, Denver, Dallas, San Diego, Los Angeles, and Tampa. The S&P CoreLogic Case-Shiller Home Price Index, released today, for the 20 metros it covers ticked up 0.6% in July from June, the smallest month-to-month increase since February, continuing the trend […]
IHG Hotel’s Attempt to Normalize Sin—Take Action!
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy One Million Moms IHG Hotels & Resorts is attempting to normalize the LGBTQ lifestyle with its liberal advertising choices. A recent IHG commercial focuses on a homosexual couple in a hotel room enjoying room service while toasting champagne in their pajamas. Blatantly throwing homosexuality in the viewer’s face, the ad includes a same-sex couple […]
It Is Time for Hysteria
/in Economy, Featured, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bruce Bialosky There is a battle brewing in Washington over our annual national budget which is supposed to be in place for the new fiscal year, beginning October 1st. The entire discussion is about whether the House Republicans will have the budget’s twelve elements ready by the deadline. The alternative is to once again […]
Policy Analysis: Opposition to Per-Mile Taxation Systems Considering the Implications for Motorcyclists in Arizona
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Michael Infanzon The notion of introducing a per-mile taxation system, as modeled by Oklahoma’s Fair Miles pilot project[1], has been touted as an alternative to traditional fuel taxes to generate revenue for road maintenance and infrastructure projects. While the aim to diversify and stabilize the revenue base is understandable, it is vital to examine […]
‘Simple Econ 101’: Here’s How California’s E-Truck Push Could Hamstring The American Economy
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Energy, Environment, Politics /by DrRichSwier.comBy The Daily Caller California’s push to electrify the heavy-duty trucking fleet in the state is likely to hurt independent trucking operators and drive up costs for goods across the entire American economy, experts on California policy and the trucking industry told the Daily Caller News Foundation. California will ban the sale of new diesel-powered […]
You Will Never Guess What Happened to the “Strong US Consumer” After Today’s Huge GDP Revisions
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Tyler Durden It has become a running joke: the “strong” Bidenomics economy comes with an expiration date, as it is only “strong” for about a month, at which point the initial “strength” is downgraded, and the data is revised sharply lower. That has certainly been the case with US labor data, as we first […]
August Border Encounters Of More Than 322,000 Highest Monthly Total In U.S. History
/in Economy, Education, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bethany Blankley Total encounters reported at both the northern and southwest land borders in August was 304,162, according to U.S. Customs and Border Protection data. It is the greatest total number of illegal entries of any month in recorded U.S. history, according to CBP data. Total encounter data excludes nearly 30,000 gotaways at the southwest border reported […]
The UK’s first womb transplant – what the media missed out
/in DrRichSwier.com, Economy, Healthcare, Science /by DrRichSwier.comBy MercatorNet – Navigating Modern Complexities The first UK ‘womb transplant’, carried out by Richard Smith’s team in Oxford and announced at the end of August, understandably gained a lot of press coverage and was heralded by some as the ‘dawn of a new era’. In fact, the first uterus transplant was carried out in 2000 in Saudi […]
The Multiyear Decline in US Economic Freedom
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Richard M. Salsman AS economic freedom in the world has plunged in recent years, due mainly to the interventions and fiscal-monetary profligacy associated with COVID shutdowns, mandates, and subsidies. The global measure is given in Figure One. This is a significant reversal of freedom’s increase between 2010 and 2019. But the downtrend is much […]
Stocks Suffer For The Last Two Months And More Likely Ahead
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Readers might recall on August 3, and subsequent to that, we suggested that the stock market had gotten “overbought” and was vulnerable to the weakness that typically is found (called seasonality) in the late summer. Whether we are just lucky or smart, the market has cooperated by declining about 7% since our […]
Desperate Governors Beg For Offshore Wind Cost Relief
/in Economy, Environment, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy David Wojick Six Atlantic shore Governors are begging the Feds to bail them out of a huge looming offshore wind cost overrun. They sent Biden a joint letter asking for a list of relief measures ranging from tax breaks to revenue sharing. The outcome is far from clear but my guess is the largess […]
Is America A Bad Place To Work?
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bruce Bialosky Recently I encountered a study by an organization called Oxfam Research. That study: Where Hard Work Doesn’t Pay Off. As defined in Wikipedia, Oxfam was founded in 1942 as a confederation of 21 independent charitable organizations, centered in Oxford England focusing on alleviating global poverty and led by Oxfam International. There is an […]
Unintended Consequences: The California Electric Truck Mandate
/in DrRichSwier.com, Economy, Energy, Environment, Politics, Regulation /by DrRichSwier.comBy MercatorNet – Navigating Modern Complexities If you own a trucking company that picks up shipments from California ports, you now have to deal with the consequences of a new law designed to reduce your carbon footprint. Trucking is one of the vital ingredients in our infrastructure that virtually all parts of the economy rely […]
Here’s How Biden Admin Destroyed Our Immigration Law
/in Economy, Education, Featured, Healthcare, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Victor Davis Hanson Since early 2021 we have witnessed somewhere between 7 million and 8 million illegal entries across the now-nonexistent southern border of the U.S. The more the border vanished, the more federal immigration law was rendered inert, and the more Homeland Security Secretary Alejandro Mayorkas spun fantasies that the “border is secure.” He is […]
Rand Paul Comes Out Swinging Against Lindsey Graham Over Ukraine Aid
/in Economy, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Brianna Lyman Kentucky Republican Sen. Rand Paul called out his fellow Republican South Carolina Sen. Lindsey Graham over Ukraine aid Thursday while on Fox Business. Graham told reporters Wednesday those opposed to giving Ukraine more aid should stay out of it until they’ve visited Ukraine and seen the war firsthand. “Somebody needs to remind […]
Truck This: Why I’m Leaving the Long-Haul Industry
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Christopher Wilcox I’ve been a truck driver for over 20 years. I suppose I always knew I would be, ever since that career day in the third grade when among all the kids dressed like doctors and baseball players, there I stood dressed like Jerry Reed from Smokey and the Bandit. Pop culture in […]
BIDENOMICS: China Dumps Nearly $500 Billion in U.S. Bonds
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Dr. Rich Swier Countries continue divesting from U.S. Treasury Bonds. World’s second-largest economy offloaded US$13.6 billion worth of US debt in July But China still remains the second-largest foreign holder of US Treasury bills, having been surpassed by Japan in mid-2019 By: Frank Chen, South China · Post 19 Sep, 2023 Amid persistent concerns […]
Is the Middle Class Vanishing? The Slow Death of America
/in DrRichSwier.com, Economy, Immigration, Politics, Taxes /by DrRichSwier.comBy Karen Schoen “The future of this republic is in the hands of the American Voter” – Dwight D. Eisenhower, 34th President of the United States. “Get involved in politics, or you will be governed by your inferiors.” — From Plato’s Republic to our American Republic. “In order to save the planet, we must destroy capitalism.” […]
4 Ways Washington’s Spending Spree Caused Inflation With Trillions in Waste, Fraud
/in Economy, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy David Ditch Americans are justifiably unhappy with the state of the economy. The inflation figures for August took a turn for the worse—meaning, families have now lost $5,100 in purchasing power since President Joe Biden entered the White House. In addition to the burden of inflation, rising interest rates are making home mortgages unaffordable, pushing the American dream out […]
UAW Announces Massive Expansion Of Strike Against Major Automakers
/in DrRichSwier.com, Economy, Elections, Labor & Unions, Politics /by DrRichSwier.comBy The Daily Caller The United Auto Workers (UAW) announced on Friday that more workers will go on strike as the union and automakers continue to be unable to reach a deal. The union announced that 38 new plants across the U.S. will join the partial strike at noon against the Big Three automakers as […]
Weekend Read: Populism, Politics, and Markets
/in Economy, Featured, Healthcare, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Markets function within a complex framework of regulatory and central bank influence. This regulatory and monetary backdrop is not the benign rule of “experts” supposed by regulatory advocates in college textbooks, but rather often the product of raw entrenched political power. Success is getting in sync with the flow of money and […]
PayPal handles donations for ‘charity’ linked to ‘Palestinian’ terror group
/in Courts & Law, DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Jihad Watch Of course. The Leftist Big Tech companies see no problem with the “Palestinian” jihad, which the Marxist Popular Front for the Liberation of Palestine aids and abets. Marco Rubio and Ted Cruz sound alarm over PayPal working with terror-linked group by Gabe Kaminsky, Washington Examiner, September 12, 2023: EXCLUSIVE — Sens. Marco Rubio (R-FL) and Ted Cruz (R-TX) are raising […]
There’s an Easy Fix That Would Solve Our Housing Crisis: Light Touch Density
/in Budget and Finance, DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Edward Pinto We’re living through one of the greatest housing crunches the U.S. has ever known. It’s resulted in record numbers of homelessness and entire generations certain they will never become homeowners, that critical milestone of the middle class. But there is a simple solution to the problem. The answer to our housing crisis […]
The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated
/in Economy, Featured, Healthcare, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Month-to-month CPI spikes, core CPI and core services CPI accelerate, despite ongoing massive health insurance adjustments. The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to […]
The FDA Has Gone Rogue
/in Economy, Featured, Healthcare, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Robert Malone Many of us knew this day would come, and now here it is. As of Monday, September 11, 2023, the FDA has provided “Emergency Use Authorization” for the SARS-CoV-2 mRNA vaccine boosters. But there is no public health emergency at this time. And the “boosters” being “Emergency Use Authorized” are designed to […]
The Unconscionable Surge At The Border Must End
/in Economy, Education, Environment, Featured, Healthcare, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Dr. Thomas Patterson The immigration crisis is crushing New York City. According to ABC7 news, last week alone 2900 new “asylum seekers” entered one of the city’s 200 new emergency shelters. Mayor Eric Adams says the city spends $383 per day per family on food, shelter and other expenses, which are deemed the migrants’ […]
Biden’s Broadband Plan Subsidizes Delaware, Mansions, Vacation Homes, Senate Panel Finds
/in DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy The Daily Signal The Biden administration’s $42.5 billion high-speed internet program favors heavily Democrat regions and remote vacation homes, including President Joe Biden’s home state of Delaware, according to a new report by Republicans on the Senate Commerce Committee. The Broadband Equity, Access, and Deployment program, known as BEAD, designated as “unserved” locations places that […]
FedNow? Everything
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Connor Vasile Thought the Federal Reserve raising interest rates was bad? Wait until they freeze your ability to get paid. Seamless money transfers? State-of-the-art security and tracking features? A hassle-free payment service backed by the Fed? No annoying third-party systems? What’s not to love about the Federal Reserve’s new FedNow Service? Quite a lot, […]
VIDEO: Highways in The Sky – Aviation On The Road Ahead
/in DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy DEACON Highway in The Sky video posted by Jorj Baker on Vimeo. It can now be revealed how air transportation became so flawed – that two (2) nominally qualified pilots were so spatially confused, as to literally fly a serviceable, modern airliner into the ocean, despite onboard installation of quote “Terrain Avoidance Warning Systems […]
Does Social Housing Actually Work? Setting the Record Straight on the Vienna Model
/in DrRichSwier.com, Economy, Politics, Taxes /by DrRichSwier.comBy Edward Pinto Over the past few years, Vienna’s social housing model– where about 60% of residents live in municipally owned or supported apartments at subsidized rents–has been portrayed as a success of socialism over market forces in numerous news stories. For example, the New York Times recently called Vienna a “renters’ utopia”; the Financial […]