Author: nick
Pope Leo's First Encyclical Is a Game Changer Source link
Elon Musk is now the first trillionaire, after the SpaceX IPO minted thousands of new millionaires on Nasdaq. Source link
Its extraordinary valuation is a vote of confidence in humanity’s capacity to innovate. Source link
This story keeps getting weirder. @Jimmy_Esq flags the fact that Judge Ross writes like a toddler. The problem is worse. Here is her signature on the May 29 letter: That is fourth grade penmanship. And here is her signature on the June 11 letter: That is an adult’s signature. And here is Ross’s digital signature from the Raffensperger case (an order she certainly didn’t read): The signatures on May 29 and June 11 are totally different. The May 29 signature includes “Judge” as a her first name. Who does that?? In the second letter has initial “E.” The letters…
Still from Ex Machina. The US economy has had two major bubbles in the last three decades. There are signs that we are in the midst of a third. In the late 1990s there was a tech bubble, driven to a large extent by excitement over the potential of the Internet. This drove stock prices to a peak value of 43.8 times earnings (known as the price-to-earnings ratio, or P/E), according to the calculations of Nobel Prize- winning economist Robert Shiller. This bubble began to burst in March of 2000. The S&P lost almost 50 percent of its value at its…
A new, bipartisan idea is taking Washington by storm: collective ownership of the means of production. Source link
From a Justice Department press release Wednesday: “… In the dead of night, masked and hooded defendants allegedly threw noxious chemicals through the windows of families’ homes and taped demand letters to their front doors….,” said Jennifer Runyan, Special Agent in Charge of the FBI Detroit Field Office. After the October 7, 2023, Hamas terrorist attacks in Israel, the defendants and unindicted conspirators enacted a series of coordinated “actions” threatening University of Michigan leaders, law enforcement, and businesses. Seemingly prompted by their perception of the University of Michigan’s and other victims’ purported financial support of Israel, the conspirators insisted publicly…
The latest PCE inflation report confirmed exactly what I have warned. Inflation was never “transitory,” and the Federal Reserve has completely lost control of the narrative. The Fed’s preferred inflation gauge, core PCE, rose 3.3% annually in April, up from 3.2% in March and well above the Fed’s mythical 2% target. Headline PCE inflation accelerated to 3.8%, the highest level in roughly three years. The government and mainstream economists will immediately try to calm everyone by saying the monthly core increase was “only” 0.2%. They are playing games with statistics because they know the public is scared. The reality is…
They say everything’s bigger in Texas. The latest proof is a federal court case that could lead to the biggest shakeup of American labor law in three quarters of a century – a shakeup that workers urgently need. That’s the reality of a May decision by a U.S. district court in Fort Worth in the case Aunt Bertha v. National Labor Relations Board. The court ruled that the NLRB – the main government agency overseeing union organizing and collective bargaining in the private sector – is unconstitutional on multiple counts. This case seems destined to head to the Supreme Court,…
How CA Became a Case Study in Failed Governance Source link