Spread the loveContraction in Germany, sharp fall in factory output in Ireland more than offset growth in other economies at start of year. The eurozone’s economy slipped into recession at the start of the year as high energy and food…

Spread the loveBetween 40%-60% of the current residential furnaces on the market currently would be prohibited under the proposed regulation. The Biden administration is expected to soon finalize regulations restricting which home gas-powered furnaces consumers are able to purchase in the future.…

Spread the loveAccording to the World Bank’s new Global Economic Prospects report, global growth is projected to decelerate to 2.1% this year, falling from 3.1% in 2022. The bank forecasts a significant slowdown during the last half of this year. That would…

Spread the loveOne month after we saw the second biggest surge in credit card debt (which took place just as it appears US consumers had hit the brakes on credit-fueled spending), coupled with a sharp slowdown in student and auto…

Spread the loveThe Supreme Court voted to rein in the power of the U.S. Environmental Protection Agency (EPA) to regulate wetlands in a complex decision issued on May 25, the second time in a year that the court has curbed federal environmental authority. All…

Spread the loveSan Francisco is imploding before our very eyes in ways that are both terrifying, memorable wholly different each and every day. First, it was commercial real estate: at 30%, the city has the highest office vacancy rate in the…

Spread the loveThe Fed’s QT is happening for the first time simultaneously with the refilling of the TGA. Both draw liquidity from markets. The Debt Ceiling Charade ended over the weekend when President Biden signed the “Fiscal Responsibility Act of…

Spread the loveLandlords face a $1.5 trillion bill for commercial mortgages over the next three years. Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the commercial landlords…

Spread the loveA new systematic review and meta-analysis published by the Institute of Economic Affairs finds that Covid lockdowns failed to significantly reduce deaths  COVID-19 lockdowns were “a global policy failure of gigantic proportions,” according to this peer-reviewed new academic…

Spread the loveThe scheme will see participants receive £1,600 a month for two years. Plans have been announced to trial a universal basic income (UBI) in England that would see up to 30 people receive an unconditional payment of £1,600…

Spread the loveAs WHO pandemic treaty negotiations progress in secrecy, ancillary groups flag key priorities. As 194 nations continue to work through drafts of pandemic agreements that would grant more authority to the World Health Organization (WHO), the Global Preparedness…

Spread the loveFBI Director Christopher Wray has agreed to bring a subpoenaed document from the investigation into the Biden family to Capitol Hill for legislators to examine. A spokesperson for House Oversight Committee Chairman James Comer (R-Ky.) confirmed to The…