Republican Allan Fung in tight race in Rhode Island

Economist Paul Krugman recently said that interest payments on U.S. debt won’t be a major concern in the years ahead. The U.S. national debt is almost at $33 trillion, and the interest payments alone on that debt are approaching $500 billion per year. Straight Arrow News contributor Larry Lindsey disagrees with Krugman and instead urges

Sep 11

Banks have started to tighten credit due to the Federal Reserve’s interest rate hikes, which represent a deliberate strategy to temper economic growth and reduce inflation. According to the most recent Senior Loan Officer Opinion Survey, a majority of banks reported that they had tightened lending standards for larger and medium-sized businesses in the past

Sep 5

China is currently experiencing record high youth unemployment and a decrease in economic growth. Japan faced similar issues in 1989 when deflation and over-investment caused their stock market to collapse. Straight Arrow News contributor Larry Lindsey suggests that China could end up mirroring Japan’s crash. But he believes that China might be hit harder due

Aug 28

The BRICS summit is scheduled to take place Aug. 22-24 in Johannesburg, South Africa with member nations Brazil, Russia, India, China and South Africa. Together, these nations account for 16 percent of international trade, a substantial portion of which is conducted in U.S. dollars. These countries want to decrease their dependence on the dominant U.S.

Aug 21

Is the Ukraine war also a public relations war? The U.S. has sometimes promoted the idea that Putin’s power may be weakening. First, rumors that Putin had cancer began circulating. Then there was the Wagner Group’s short-lived rebellion against Russia’s military leadership. Putin, on the other hand, is pushing the argument that the West is

Jul 31