Politics View All →
Joe Biden *Literally* Runs Away From Reporters Asking About His Warning US on Brink of Nuclear “Armageddon” with Russia (VIDEO)
Joe Biden on Friday *literally* ran away from reporters asking about his ominous warning late Thursday night that the US is on the brink of nuclear Armageddon with Russia over Ukraine. At a Democrat fundraiser held Thursday night at the New York City home of James Murdoch, Joe Biden warned the United States is on […]
Read More →Wisconsin Judge Stops Illegal Absentee Ballot Spoiling – A Huge Blow to Committing Election Fraud
In a huge blow to the fraudsters killing the will of Wisconsin voters, Waukesha County Judge has ruled the illegal practice of ballot spoiling must be discontinued. Ballot spoiling is basically a practice that allows an absentee voter to vote more than once. In other words, a voter could send in their absentee ballot early, […]
Read More →Sharon Osbourne Wants Her $900,000 BLM Donation Back After Kanye West Calls the Organization a “Scam”
Sharon Osbourne (FRAZER HARRISON/GETTY IMAGES) Sharon Osbourne, a British-American celebrity, wants her $900,000 donation to the Black Lives Matter organization back after Kanye West referred to the organization as a “scam.” When asked by TMZ about Kanye West’s recent antics, including his White Lives Matter shirt and social media tirades, Sharon agreed with the rapper […]
Read More →Economy View All →
Water use efficiency picks up in 2021
The Philippine Statistics Authority (PSA) reported that the country’s water use efficiency (WUE), or the value added per volume of water used, increased to P200.06 per cubic meter (m³) in 2021, a 4.07% increase compared with P192.25m³ a year ago. However, this is still lower compared with the WUE logged in 2019 at P217.10m³. According […]
Read More →PHL inflation still manageable — ECoP
THE 6.9% inflation rate in September remains “manageable” and is expected to normalize, the Employers Confederation of the Philippines (ECoP) said on Thursday. Sergio R. Ortiz-Luis, Jr., ECoP president, said on the BusinessWorld Live program on One News Channel that he considers 8% the threshold for manageable inflation. The Philippine Statistics Authority reported on Wednesday […]
Read More →Geothermal, biomass, hydro classified as preferred dispatchers of power
THE Department of Energy (DoE) said on Thursday that geothermal, biomass, and hydroelectric power plants have been designated preferred dispatchers of power on the wholesale electricity spot market (WESM). Energy Secretary Raphael P.M. Lotilla said in a statement that giving preferential dispatch will encourage investment in additional capacity for the three types of renewable plants […]
Read More →World Bank urges Philippines to cement place in industrial, tech and health value chains
THE PHILIPPINES must establish its niche in the global value chains for manufacturing, technology, and health and life sciences, the World Bank said. At the launch of its Global Value Chain report on Thursday, the World Bank said the Philippines has three areas it may elect to focus on: Industrials, Manufacturing, and Transport (IMT); Technology, […]
Read More →Investing View All →
The New Deal and Recovery, Part 21: Happy Days
By the start of 1948, there could no longer be any doubt: the Great Depression wasn’t coming back. Instead of collapsing at war’s end, as many feared it would, combined government and private spending (as measured by nominal Gross Domestic Product) hardly budged between 1945 and 1946, and started climbing again thereafter. Consequently, as we’ve […]
Read More →Stop Lionizing Paul Volcker and Villainizing Arthur Burns
In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest rate cycles under two supposedly distinct Chairmen. “Powell will need to find a way to persuade [markets] that he has no intention of behaving like Arthur Burns (the Fed chair who relented prematurely in the […]
Read More →How Common Has Private Currency Been?
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the norm, even if the state stamped their ruler’s face on the coin.” Some strong disagreement (and some strong support) followed the tweet. The most categorical criticism asserted: “Money is and always […]
Read More →Is China a Threat to the Fed? A Critique of the Portman Report
Senator Rob Portman (R-OH), the ranking member of the Senate Homeland Security and Governmental Affairs Committee, released a new minority staff report on July 26 contending that, for more than a decade, China has made “a sustained effort . . . to gain influence over the Federal Reserve,” and that the Fed has failed “to […]
Read More →The New Deal and Recovery, Part 20, Appendix: The Fate of Rosie the Riveter
In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar output statistics, while taking the period’s unemployment statistics at face value. In so doing I set aside a hypothesis that disputes the unemployment numbers themselves. According to it, large numbers of would-be wartime […]
Read More →World News View All →
Chip industry rethinks Taiwan risk after Pelosi visit but options limited
TAIPEI — Chinese missiles flying over Taiwan and naval drills in the Strait in August that simulated a blockade by China have jolted the semiconductor industry into contemplating what once seemed a remote possibility: war over the major chip-producing island. From drafting contingency plans to inquiring about manufacturing capacity outside Taiwan, some companies are now […]
Read More →As China party congress looms, signals sought on easing COVID policy
BEIJING — The mounting economic toll of China’s zero-COVID policy is raising investor hopes that Beijing may finally begin laying the groundwork for the tricky epidemiological and political task of shifting course following this month’s Communist Party congress. It is not clear whether the ruling party congress from Oct. 16 will shed any light on […]
Read More →Europe’s new 44-nation club underlines Russia’s isolation
PRAGUE — Leaders of the European Union (EU) and neighbors from Britain to Turkey met on Thursday to discuss security and energy emergencies plaguing them all since Russia’s invasion of Ukraine, a symbolic summit that underlined Moscow’s isolation. The gathering in Prague was the inaugural meeting of the European Political Community (EPC), a brainchild of […]
Read More →Thailand mourns after over 34 die in daycare centre attack targeting children
NA KLANG, Thailand — Thai government buildings flew flags at half-mast on Friday to mourn the death of more than 30 people, including 23 children, after an ex-policeman burst into a daycare center in a knife and gun rampage that left the nation shocked and seeking answers. Most of the children who died at the […]
Read More →Taiwan sees more Chinese intimidation in Xi’s next term
TAIPEI — Taiwan expects China to increase its coercion and intimidation to achieve its goal of bringing the island under Beijing’s control once President Xi Jinping assumes a third term in office, a senior Taiwanese minister said on Thursday. Beijing’s once-in-five years leadership reshuffle is set for the Communist Party congress that starts Oct. 16, […]
Read More →Plenty of ‘fire’ but less ‘fury’ as tensions with North Korea rise again
SEOUL/WASHINGTON — Between long-range missile launches and the looming prospect of new nuclear tests, this year has seen North Korea return to weapons activities not seen since the days of “fire and fury” in 2017. A key difference: despite the “fire” from North Korea this time around, there has been far less concerted international “fury.” […]
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