Bill Ackman provides a lesson in activist investing
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. As with every skirmish in America’s culture wars, how you view the ousting of Harvard University’s president has much to do with where you are sitting. Claudine Gay resigned on January 2nd. Progressives see her […]
Will spiking shipping costs cause inflation to surge?
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. When economists talk about bottlenecks, they typically refer to points in a supply chain that slow down production. The global economy is at present providing a rather literal example of the metaphor. It is as […]
A guide to the Chinese Communist Party’s economic jargon
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. A new Communist Party slogan was born on January 9th. The phrase, which appeared on the front page of the People’s Daily, a party mouthpiece, defies easy interpretation. A loose translation might read “nine issues […]
US Kids Forced Out Of School For Illegal Migrants
Approximately 1.9k migrants from Floyd Bennett Field will be temporarily relocated to James Madison High School The school will be shut down and students will attend virtual classes This incident confirms what we knew all along, the camp at Floyd Bennett Field is unsustainable pic.twitter.com/SsNi41vFty — Thomas P. Sullivan (@Sully4Assembly) January 9, 2024 The US […]
Good News on Canadian Citizenship for Russian
I posted on Sunday about the Russian woman in Canada who was denied citizenship because she had denounced Vladimir Putin. I mentioned, but forgot to link to, George Mason University law professor Ilya Somin’s post on the issue. That is now corrected. The basic story is that Maria Kartasheva was charged by Russian authorities with […]
Has Team Transitory really won America’s inflation debate?
In late 2021 Jerome Powell, chairman of the Federal Reserve, called for the retirement of “transitory” as a description for the inflation afflicting America. The word had become a bugbear, having been taken by many to mean that the inflation which had bubbled up early in the year would fade away as supply shortages improved. […]
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
People carry shopping bags as they visit a department store during the holiday season in New York City. Eduardo Munoz | Reuters Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December. However, the data also shows the true state of consumer […]
Inflation Hit Some States Harder
Last month, the Bureau of Economic Analysis released 2022 data on state and metro area inflation. These new numbers give us the opportunity to see where the inflationary cycle of 2021–2022 hit hardest. We can also adjust states’ economic growth numbers for inflation to see where Americans are finding the most opportunity. New England was […]
