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A major gas pipeline from Russia to Europe has been shut down for what have been called routine repairs, but there is concern that it may not be restarted anytime soon. The Nord Stream 1 pipeline runs beneath the Baltic Sea and delivers much of Russia’s natural gas to the continent. No country is more…
The Democratic National Committee is preparing to launch a digital ad campaign Tuesday targeting abortion rights after the Supreme Court decision to overturn Roe v. Wade. The DNC says the Republican party is looking to outlaw abortion on the national scale. According to Pew Research Center, a recent poll points to 60 percent of Republican…
We’ve heard for weeks about the looming worldwide food crisis being generated by the war in Ukraine. The price of food continues to rise, in part because the Russians are blocking Ukrainian ports, and shipments of wheat are going nowhere. About 30% of the world’s wheat comes from Russia and Ukraine, which could impact nearly…
We’re hearing more and more that the U.S. is on the verge of a recession, which is traditionally seen as two consecutive quarters of economic contraction, or a decline in gross domestic product. Officially, the National Bureau of Economic Research, which makes the final call, says it is “a significant decline in economic activity that…
The economic forecast for the U.S. remains gloomy, and experts say the worst may be yet to come. Wall Street just endured its worst first-half performance since 1970 and the World Bank expects global economic growth to slow dramatically in 2022. As his poll numbers sink amid soaring gas prices, President Joe Biden has tried…
UK Prime Minister Boris Johnson has continued to stir up controversy within his party after narrowly surviving a no-confidence vote. A week later, he introduced a bill which some Tory members of Parliament strongly disliked. According to the Financial Times, they accused Johnson of “damaging the UK and everything the Conservatives stand for.” The bill…
The stock market notched its worst start to the year in more than 50 years with the S&P 500 closing down 21% over the past six months. The skid marks the poorest first-half performance from the index since 1970. The S&P 500 ended June 30 at 3,785, more than a thousand points lower than the…
Nuclear power in the United States is experiencing a bit of a renaissance. A global commitment to cut carbon emissions, coupled with Russia’s invasion of Ukraine and the resulting spike in carbon fuels, is forcing politicians, energy producers and investors to reconsider a nuclear future. The United States was the dominant nuclear energy developer and…
With inflation still climbing, gas prices still obscenely high and the Fed’s recent rate hikes putting the brakes on a runaway housing market, it’s no surprise the White House is floating ideas such as a federal gas tax holiday to combat soaring prices. Straight Arrow News contributor David Pakman says it’s important to understand that…
The Congressional Budget Office (CBO) estimates tax receipts for the first eight months of fiscal year 2022 will be $3.4 trillion, $768 billion more than the same period last year. No matter which side of the political aisle you are on, this is good news, a bright spot amid deteriorating economic conditions in the U.S.…
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