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According to this morning’s dismal publication from the US Bureau of Economic Analysis, US GDP growth crashed to just 1.6%, while inflation keeps rising at a 3.4% rate. And ‘core’ inflation, which excludes food and energy, was up even higher at 3.7%! All of these numbers are much worse than
In 1972, while excavating to build a factory on the Black Sea coast of Bulgaria, a backhoe operator noticed gold objects glimmering in the bucket of his machine. The construction worker had accidentally discovered the Varna Necropolis. Dating back to around 4500 BC, the jewelry found in this ancient burial
Veronica Perez was skeptical when city workers found her under the Los Angeles highway overpass she called home. They presented her with an opportunity to move into a private room—a converted hotel room, part of a state initiative where some units were renovated at costs approaching $400,000 each. Before long,
Billionaire Peter Thiel has one. Former Google CEO Eric Schmidt has one. Actress Kirsten Dunst has one. Singer Ricky Martin has one. Frankly the list of American celebrities, billionaires, and famous business moguls who have second passports is incredibly lengthy… and those are just the ones that we know about.
It’s barely six months into the US government’s ‘fiscal year’ (which started on October 1, 2023) and the federal budget deficit is already $1.1 trillion. This number is utterly astonishing. Of course, anyone paying attention to the rapidly dwindling US financial condition knows that the national debt is now hovering
When the barbarian king Rugila died in the year 434 AD, Roman Emperor Theodosius II likely rejoiced that his mortal enemy was no more. Rugila (and his father Uldin) had been invading and terrorizing Roman territory for decades; but the Empire was so weak at that point that Theodosius was
There’s no limit to how much Inspired Idiots around the world hate oil companies. It seems like almost every day there’s a story about protestors who superglue themselves to the pavement in order to block traffic. Or deface an art museum. Or interrupt a public sporting event. Recently they even
[Note from James: The first thing I did this morning when I saw the US government’s latest inflation numbers was to call my friend and partner Peter Schiff to enjoy a good rant about how the Fed has completely lost the war with inflation. Peter’s thoughts are below, and I
Jamie Dimon, the CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits. Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle
Did you hear about the newest vehicle safety feature that Congress wants to mandate? It’s not some AI sensor system, or even a newfangled airbag. Nope. In the minds of literally several hundred lawmakers (from both parties!) the most essential safety feature that should be in your vehicle is… AM
Did you hear about the new streamlined tourist visa to Saudi Arabia? I’m sure you’re standing in line for it already. No? Me neither. I was actually stationed in Saudi Arabia for a while when I was in the Army… and, the most unique ‘tourist’ attraction, at least for non-Muslims,
You probably heard the news: the Environmental Protection Agency (EPA) recently finalized new vehicle emissions regulations that essentially force Americans into buying electric vehicles. The actual published regulation is 1,181 pages long… because, that’s what the US economy needs– a thousand more pages added to the 200,000+ existing pages in
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