For over four months now, China has instituted an extremely harsh zero-COVID-19 policy, forcing millions of residents into lockdown, repeated testing and harsh restrictions on daily life. But even as Shanghai is recording no new infections since March, China has announced it’s extending its policy through 2027. Straight Arrow News contributor Peter Zeihan argues that…

As Group of Seven (G7) leaders began meeting to discuss more sanctions against Russia, the country was set to default on its foreign debt. Russia owes about $40 billion in foreign bonds. A 30-day grace period on interest payments originally due May 27 expired Sunday. Despite this, it could take time to confirm a default.…

The U.S. is in the grip of the worst inflation the country has endured in decades. In the wake of a steep interest rate hike, Federal Reserve Chair Jerome Powell faced bipartisan grilling from the Senate this week about the plan to rein in inflation. But will those actions be enough? Straight Arrow News contributor…

Rep. Dusty Johnson, R-S.D., has voted for multiple bipartisan bills in the last few weeks that have been a big part of Congress’ effort to lower inflation. Some of those bills, like the Ocean Shipping Reform Act, have been widely supported on a bipartisan basis. However, Johnson was one of just seven Republicans to vote…

Federal Reserve Chair Jerome Powell faced questions about inflation from the Senate Banking, Housing and Urban affairs committee. Wednesday’s two-day hearing began as inflation set a new 40-year high last month and the national average price for a gallon of gas topped $5 for the first time ever last week. “Inflation remains well above our longer-run…

With Biden’s approval ratings below those of Trump’s at this point in his presidency, and with nose-bleed inflation in an upward trend, Republicans smell blood. 34 Senate seats and all 435 House seats are up for election on November 8, 2022, and there’s a general consensus the GOP will win back the majority. Straight Arrow…

Tesla CEO Elon Musk made his first in-person appearance since Reuters reported earlier this month the company was planning issue job cuts affecting 10% of salaried staff. Speaking virtually at an economic forum in Qatar, Musk described the cuts as “not super material.” According to Musk, the cuts will happen over the next three months. Since…

The House of Representatives passed the Lower Food and Fuel Costs Act in a mostly party line vote. All but five Democrats voted in favor, and all but seven Republicans voted against. Supporters hope the bill will control inflationary costs. To control food prices, the bill provides $500 million in USDA funds to help farmers…

In his new book, “The End of the World is Just the Beginning,” Straight Arrow News contributor Peter Zeihan examines the impact globalization has had on the world’s economy. Now, shifting geopolitical interests are leading to a slow demise for that system. What does end of globalization mean for our future? Zeihan explores how a…

The Pentagon’s defense budget is customarily a source of contention between the left and right. While the $773 billion requested for 2023 sounds like a huge sum, the budget provides for — in addition to security aid for Ukraine — items like countering China, supporting clean energy and combating suicide in the military. Straight Arrow…