By: Caroline Adana The trade war ramps up as China is considering curbing its export of rare-earth metals. Since these metals are essential in electronics, solar panels, and electric vehicles, China puts pressure on President Joe Biden’s plans to switch U.S. energy production from fossil fuels to renewables. Background Rare-earth metals are atomic elements crucial to various […]
JOURNALISM: Reporters ask Jen Psaki about a White House cat
So much journalism going on at the White House Press Corps. Here is an exchange that took place on Tuesday: Reporter: “We were promised a White House cat, what happened to that?” Jen Psaki: “Where is the cat? Today is a good day for the cat. I don’t have any update on the cat. We […]
Ron Paul: Federal Reserve is enabling Joe Biden’s destructive agenda
By: Ron Paul According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars less than last year. However, CBO’s projections do […]
U.S. budget deficit tops record high $1 trillion in first five months of FY 2021
In the latest development that should surprise no one, the U.S. government’s budget deficit through February soared to a record high. In the first five months of the budget year, the federal deficit surged to an all-time high of $1.05 trillion as spending outpaced tax revenues. This is 68 percent larger than the deficit that […]
INFLATION ALERT: Annual CPI surges 1.7% to 12-month high
Is this the start of rampant price inflation in America? On Wednesday, the Bureau of Labor Statistics (BLS) reported that the annual inflation rate hit a 12-month high, rising to 1.7 percent in February, up from 1.4 percent in January. This is in line with what economists had anticipated. Last month’s rising inflation was driven […]