The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted […]
Housing market is frozen, people have gone on buyers’ strike, sellers are hoping that this too shall pass. By Wolf Richter for WOLF STREET. The median price of existing single-family houses, condos, and co-ops in the US whose sales […]
U.S. Representative Tom Emmer expects former U.S. President Donald Trump to become “a lot more” friendly toward cryptocurrency if he returns to the White House. Trump has launched three non-fungible token (NFT) collections since leaving […]
ESG, once a dominant trend, is now facing disapproval and legal challenges, prompting businesses to distance themselves and adopt new terms like “responsible business.” Political pressures and investor skepticism have led to significant withdrawals from […]
Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to […]
Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs […]
For the fourth year in a row, liberal California topped U-Haul’s Growth Index list for having the largest net outbound movers in 2023. U-Haul publishes its Growth Index report every year, analyzing the difference between the number […]
Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. By Wolf Richter for WOLF STREET. The total US national debt spiked by $1.0 trillion in 15 […]
I’m not going to mince words here. By destroying America’s energy independence, the Biden Administration is directly making Black Americans more poor and less independent than ever. Since Biden’s first day in office with the […]
A new study from Lawrence Berkeley National Lab offers fresh insights into the impact of wind farms on the values of nearby homes. The analysis, “Commercial Wind Turbines and Residential Home Values: New Evidence from the Universe […]
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