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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.…
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…
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