The annual inflation rate cooled for the second straight month, reaching 8.3% in August after peaking at 9.1% in June. Consumer prices continued to see relief in energy, helping drive down the annual rate, according to the Bureau of Labor Statistics report. Monthly consumer prices rose 0.1 % from July to August. Gas prices continued…

Now that Dr. Anthony Fauci has announced plans to step down as director of the National Institute of Allergy and Infectious Diseases, some are re-assessing his legacy. Fauci has led the NIAID for nearly 40 years. During that time he led efforts to combat HIV/AIDS, Ebola and other serious outbreaks. But his work spearheading the government’s…

The U.S. is barreling toward a railroad strike this week that could cost the economy $2 billion a day and send food prices soaring even higher. Labor unions and freight railroads worked through the weekend trying to reach a contract but have yet to come to terms. Both sides have until Friday before workers are…

Queen Elizabeth II, the world’s longest-ruling monarch, ruled the U.K. for more than seven decades, and now the Commonwealth has its first king in generations. Former Prince Charles, the queen’s eldest child, will now be known as King Charles III. A king is now on the throne at Buckingham Palace for the first time since…

Concerns about the state of the economy come with worries about job security. In fact, half of companies are expecting to cut staff according to a PwC survey of more than 700 executives. The same survey found many executives are also planning hiring freezes and even rescinding job offers. But many companies have already trimmed…

Germany’s economic outlook continues to sour, as experts warn a recession is a near certainty for Europe’s largest economy. The chief reason is the chaos that the war in Ukraine has brought upon global energy markets, but the problems run far deeper. Straight Arrow News contributor Peter Zeihan says Germany’s gas woes are a sign…

Britain’s new Prime Minister Liz Truss is addressing is the UK’s energy crisis. It’s a large part of the cost-of-living crisis that plagued the end of former Prime Minister Boris Johnson’s term. Truss’s plan breaks down into two parts. Truss will implement a cap on domestic energy prices for homes and businesses. For the next…

Recession in Germany is unavoidable amid Russia’s war in Ukraine and the energy shortage that has followed, Deutsche Bank CEO Christian Sewing warned Wednesday. But his words of caution stretched beyond the country’s relationship with Russia, noting its dependence on China must also be examined. “Russia’s war against Ukraine has destroyed a number of certainties…

President Biden’s plan to wipe out up to $20,000 in student loans does not go far enough if you were to ask Sen. Elizabeth Warren (D-MA) or Sen. Bernie Sanders (I-VT). Sen. Warren has called for erasing up to $50,000, and Sen. Sanders would like to cancel “all student debt in all of America.” Straight Arrow…

Federal Reserve Chairman Jerome Powell announced a second .75% increase in the federal funds rate following the Fed’s July meeting. A month later, at a speech in Jackson Hole, Wyoming, Powell was more emphatic about how lowering inflation would mean slower growth, a softer labor market and economic pain for many households.  Straight Arrow News…