Wind power acolytes exhibit all the hallmarks of a cult. 20 years on, and anyone with critical faculties can explain in a sentence why wind power will never amount to meaningful power generation source. But […]
Congressional leaders have announced a deal to fund the federal government in advance of a weekend deadline, but they will need to act quickly to avoid a partial shutdown. House Speaker Mike Johnson said a text of […]
President Joe Biden’s FY 2025 budget request of $7.3 trillion is exactly what Americans should have expected: increased spending and taxes. A budget is more than just numbers, though. It’s a reflection of policy priorities and the ideological perspective […]
Confidence is eroding, as the percentage of executives predicting net zero by 2060 instead of 2050 rises to 62 per cent from 54 per cent a year ago Customers’ reluctance to pay higher prices prevents […]
The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]
In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures. By Wolf Richter for WOLF STREET. The rate-cut-mania-inspired plunge in longer-term yields […]
Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have […]
For generations, Germany has been a manufacturing powerhouse. The country was in the vanguard of the industrial revolution in the nineteenth century, establishing dominant positions in electrical components manufacturing and chemical production. Devastated by WWII, […]
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said softer spending by consumers calls into question expectations that the US economy will avoid a recession. “The world is set up for a soft landing,” Solomon said at […]
An abandonment of reason is among the symptoms of a nation suffering from a collapse in the prevailing narratives Bloomberg recently foretold the end of Germany’s days as an industrial power in an article that […]
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