Author: nick

Even the mainstream media is now openly admitting that shortages are coming. But right now I am seeing so much apathy about the war in the Middle East and the global supply chain disruptions that are happening right in front of our eyes. So many people seem to be convinced that the war will end soon and things will go right back to the way that they were before. I really wish that was true. But the Iranians just told us that traffic through the Strait of Hormuz “will never return to its former state, especially for America and Israel”,…

I hate, hate, hate filing taxes. There is a better way. Source link

Woodrow Wilson’s ideas are opposed to the basic American creed. They can’t coexist forever. Source link

President Donald Trump’s decision to attack Iran will have significant consequences for the US economy.  On Thursday, the Organisation for Economic Co-operation and Development forecast that US inflation will exceed 4% in December. “The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting the tailwinds from strong technology-related investment and production, lower effective tariff rates and the momentum carried over from 2025.” The White House has taken several steps to keep oil prices from spiking, including lifting sanctions on Iran, Russia, and Venezuela, suspending the Jones Act,…

House trailer, Bombay Beach, California. Photo: Jeffrey St. Clair. Home prices are up 60 percent since 2019, and purchasing the median-priced home would pose a significant financial strain for most Americans. Half of all renters are cost-burdened, paying more than the recommended maximum of 30 percent of their income on housing. Rising housing costs and a lack of affordable housing has led to a record high level of chronic homelessness. There is not enough affordable housing: + The nation faces a deficit of about 2 million homes for purchase. + The median single-family home costs five times the median household…

Good News About Economic Mobility Source link

“Mom, Dad, checking in,” one person who appears to be a U.S. service member tells the camera. “I’m good, okay? No need to worry about me.” Surrounded by snow and ice, she continues: “It’s freezing out here and I’m soaked. But for the safety of the American people, and to help make America great again, I’m standing my ground. Do I earn your follow and your thumbs up yet? Stay safe.” That isn’t a U.S. service member or even a real person. The video was generated with artificial intelligence.  It’s one of many fake videos showing similar scenarios — U.S.…

Identical twins Nathan and Nick Roberts, the former a dedicated MAGA supporter and the latter a Democratic Indianapolis city council member, demonstrated that profound political disagreement need not fracture personal relationships during a candid appearance on The Unknowns, hosted by Charlie Stone.Nathan Roberts expressed unwavering support for President Donald Trump, citing his immigration stance, foreign policy, economic approach, and unfiltered style since 2016. “I’ve been on the Trump train since 2016,” he said, crediting Trump with reshaping the Republican Party. Nick Roberts offered a starkly contrasting view, calling Trump complicit in threats to democracy, a “clown show” on the global…

The recent rapid advance in the capabilities of artificial intelligence (AI) applications I think qualifies as a disruptive technology. The term “disruptive technology” was popularized in 1997 by Clayton M. Christensen. To summarize, a disruptive technology is “an innovation that fundamentally alters the way industries operate, businesses function, or consumers behave, often rendering existing technologies, products, or services obsolete.” AI is potentially so powerful, and changing so quickly, that it is challenging to optimally regulate it. We are caught in a classic dilemma – we do not want to hamper our own competitiveness in a critical new technology, but we…

To listen to Gov. Gavin Newsom, California is still the nation’s economic leader. In his April 9 news release, he crows, “California continues to outperform every other state.” Rosy reports from politicians are not an accurate barometer of real conditions. According to the latest Bureau of Economic Analysis data, California’s economy expanded 5% in 2025. This was the 15th fastest rate in the country – not the fastest, as Newsom crows. It was faster than Texas (4.9%) but slower than Florida (6.3%). Still, 15th is a top-third growth performance, not bad. But California’s longer-term growth comparisons are less favorable. Relative…