Economy

For all the talk about a potential recession, the Biden administration doesn’t seem to care much about damaging the economy. Witness the latest attempt to impose “equity” that will only raise costs, while hurting the housing market in the…

Ford Motor Company recently announced it’s set to lose more than $6 billion on its latest electric vehicle plants while it gets them running, with the company CEO saying “we cannot continue to import batteries and rare earth from overseas.”…

Netflix announced it will be ending its DVD-by-mail rental service that set the stage for its trailblazing video streaming service, ending an era that began 25 years ago when delivering discs through the mail was considered a revolutionary…

China Has a Youth Unemployment Problem; Guangdong Province Spearheads a Plan to Send 300,000 Youth to the Countryside by the End of 2025 China Change, April 7, 2023 A job fair on campus. Photo: http://www.gov.cn Since the National Bureau…

In its budget last month, the White House claimed that “the Administration is committed to protecting and strengthening Social Security.” But the recently released annual report from that program’s trustees portrays a different story. The…

Surprisingly useful in The Washington Post this week is a graphic-illustration article capturing the conflict between a U.S. economy that is by many measures healthy and the anxious, sour outlook that Americans have about their own…

WASHINGTON—Awake until the wee hours of the morning carefully crafting the policy, Education Secretary Miguel Cardona’s mother was forced to stay up all night devising a plan to combat student debt, sources reported Thursday. “Wait, you…

The irony was palpable. An interview with a Federal Reserve Bank official from last fall, claiming that “we’re a long, long way from any kind of disruption” to the financial system — followed in short order by television clips showing the…

WASHINGTON—In the wake of the collapse of Silicon Valley Bank and subsequent government bailout of its depositors, the Federal Reserve took steps Friday to assure venture capitalists that they’re very smart and important. “You are just the…

Silicon Valley Bank, a financial institution primarily serving the tech industry, experienced the second-biggest bank collapse in the nation’s history on Friday, stoking fears of further economic blowback. The Onion tells you everything you…