Inflation continues to hold strong and resisting the Federal Reserve’s efforts to rein it in. The Fed has already announced plans to hike interest rates by 75 basis points, the third consecutive such increase.  Straight Arrow News contributor Newt Gingrich says the Biden administration, with its recent spending bills, is taking the wrong approach. He…

The three bears have officially arrived. At Monday’s market close, the Dow Jones Industrial Average officially joined the S&P 500 and Nasdaq composite in a bear market, with all three indexes down more than 20% from January’s highs. The Dow closed down 20.48% while the S&P was down 23.79%. The Nasdaq has fallen 31.76% since…

The British pound took a beating Monday, reaching a record low against the U.S. dollar. The plunge came as markets reacted to the new U.K. government’s plan to deliver the biggest tax cuts in 50 years while simultaneously boosting spending. “High tax rates damage Britain’s competitiveness,” U.K.’s new finance minister Kwasi Kwarteng said Friday when…

Ron DeSantis, the Republican governor of Florida, is getting mixed reviews for his decision to fly 48 Venezuelan migrants from Texas to Martha’s Vineyard. Minority Leader Mitch McConnell has indicated he likes the idea of southern state governors transporting migrants up north, because “if you added up all of the (immigrants) who’ve been taken to…

A new poll found Texas Gov. Greg Abbott, R, has widened his lead over his challenger Beto O’Rourke, D. The Spectrum News-Siena College Poll revealed Abbott leads O’Rourke 50% – 43% in the race for governor.  According to the poll, nearly all Republicans and Democrats in the state are supporting their party’s candidate, while Independents…

Nearly every single Alaskan received $3,284 on Tuesday as part of a combined payout as the state began distributing oil-wealth checks from its permanent investment fund. The amount was announced during a livestream broadcast on Republican Gov. Mike Dunleavy’s Facebook page. Officially called the Permanent Fund Dividend, or PFD, the payments amounted to $2,622 — the…

The Federal Reserve hiked interest rates by 75 basis points for the third straight meeting after inflation numbers came in hotter than expected for August. The federal funds rate boost is in line with Wall Street’s expectations as Chair Jerome Powell has promised to keep forging ahead until they are “very confident” inflation is coming…

As the old saying goes, the cure for high prices is high prices. But that line won’t work for food prices at the grocery store, which in August marked the highest 12-month surge since 1979. Groceries are up 13.5% on the year, driven by spikes in the price of eggs (39.8%), chicken (16.6%), cereal (16.4%)…

Tensions between the United States and China show no signs of cooling off. President Biden reiterated that the U.S. would defend Taiwan during an interview on “60 Minutes.” The Department of Defense has also cut off sales of key aviation technology to Beijing, a potentially devastating blow to the Chinese. Straight Arrow News contributor Peter…

Germany has been hard hit by the economic standoff with the Kremlin because of its reliance on Russian gas and oil. In an effort to prevent blackouts this winter, last Friday Germany took control of a major Russian-owned oil refinery which supplies around 90% of Berlin’s fuel. Straight Arrow News contributor Peter Zeihan talks about…