Although Arab Israelis have the same rights as Jewish Israelis under the law, the former face widespread discrimination and segregation in the workforce. This is a concern to economists because Arab Israelis make up just over 20% of Israel’s population. Ultra-Orthodox Jews — who make up about 13% of the population — are also a…

Federal Reserve Chair Jerome Powell warned the Fed could accelerate rate hikes if evidence continues to point to a robust economy and persistently high inflation. Powell’s warning came during testimony in front of the Senate Banking Committee on the morning of Mar. 7. “The latest economic data have come in stronger than expected, which suggests…

China has a new foreign minister, and in his first news conference since taking office, he directed a warning to the U.S. He said that if Washington stays on its current path, there will be inevitable “confrontation and conflict” between the United States and China. The new Foreign Minister Qin Gang shares the same sentiments…

China has increased its 2023 defense budget by 7.2%. In U.S. dollars, China’s defense budget is equivalent to $230 billion, marking an increase of about $16 billion over its 2022 defense budget. Similarly, the U.S. increased its 2023 defense budget, but its defense budget totals roughly $800 billion. China’s increase in military spending comes as tensions…

Though Inflation slowed from its peak, the latest CPI numbers show monthly consumer prices rose by 0.5%, an alarming reminder that prices remain entrenched. Some economists acknowledge it could have been worse, and more, like Treasury Secretary Janet Yellen, agree that the fight against inflation “is not a straight line.” Straight Arrow News contributor Peter…

The era of globalization may be reaching its endpoint. Some experts believe the Ukraine War is accelerating a decline that began with the COVID-19 pandemic. While the United States began pulling back from global economic integration under former President Trump, other world powers — specifically China — find themselves at a tipping point. Straight Arrow…

Starting March 1, millions of Americans will have less money to buy groceries. Across 32 states, D.C., and some territories, some emergency food stamp benefits are coming to an end. For nearly three years, the Supplemental Nutrition Assistance Program (SNAP) has dished out congressionally-approved pandemic-era increases known as “emergency allotments.” With COVID-19 emergency aid now…

The Select Committee on Strategic Competition between the United States and the Chinese Communist Party will hold its first hearing Tuesday night in primetime. The bipartisan panel wants to show the public that the threat from China is not just overseas, it’s right here at home.  One of the committee’s focuses will include so-called “police…

Pending home sales in January paint a positive and negative picture for the housing market. On one hand, the pending home sales figure is down 24.1% on the year, according to the National Association of Realtors. On the other hand, the pending home sales figure in January is up 8.1% from December, rising for the…

This week, the U.S. Supreme Court is looking at whether to narrow Section 230, a foundational internet shield law that passed in 1996. But even some of the justices are grappling with that role. “I mean, we’re a court, we don’t really know about these things. These are not, like, the nine greatest experts on…