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The article highlights several economic issues facing President Biden, starting with his decision to embargo arms to Israel, which has led to widespread criticism outside the Democratic Party’s progressive wing. The article then touches upon Biden’s false claim that the US had a 9% inflation rate when he took office, when in reality, it…
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In a CNN interview, President Biden claimed that the U.S. economy is currently the strongest in the world and that he has handled inflation better than any previous president. However, the New York Post criticized Biden heavily, calling him a liar multiple times in their editorial. According to the Post’s editorial board, Biden told…
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According to recent reports, the Biden administration is planning to increase tariffs on various goods imported from China, including electric vehicles, semiconductors, solar equipment, and medical supplies. The tariffs, which are expected to be announced next week, come as officials in the Democratic administration express concerns over China’s manufacturing “overcapacity” in these products, which…
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The current state of the art auction market is experiencing a decrease in sales, with major auction houses such as Christie’s, Sotheby’s, and Phillips expecting a decrease in sales during the upcoming May auctions. This follows a decline in sales from the post-COVID peak, which was driven by cheap money, a thriving stock market,…
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While Congress debates whether to force the sale of TikTok’s parent company due to alleged Chinese influence, the US government is taking various actions to address foreign threats in sensitive technology areas beyond just TikTok. These include providing grants to both domestic and friendly foreign semiconductor manufacturers to combat the dominance of Taiwan-based TSMC,…
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The article discusses a recent interview with historian Talmage Boston regarding his book, “How the Best Did It: Leadership Lessons From Our Top Presidents.” Boston, a biographer and lawyer, applied history to provide practical insights for leaders in business and politics. He identified 24 leadership traits from eight influential presidents, including George Washington, Thomas…
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Despite initially fueling a “gangbusters” rally in the stock market, investors are now facing the reality that the Federal Reserve is unlikely to cut interest rates anytime soon. This decision has caused stocks to lose momentum and dampen investor spirits, as higher interest rates lead to high borrowing costs for both consumers and corporations,…
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According to recent reports, motorists have experienced a decrease in fuel prices leading up to the start of the summer driving season. The national average for a gallon of gas has dropped to $3.64, down three cents from the previous week. This decrease can be attributed to falling oil prices and stable demand for…
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While consumers with higher income levels appear to be continuing their spending patterns despite persistent inflation and economic uncertainty, low-income Americans are facing mounting financial pressures. This disparity is contributing to what is becoming known as a “K”-shaped recovery, where higher income classes benefit the most while lower income Americans struggle. According to a…
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Deaton predicts that the growing popularity of cryptocurrency will lead to increased political involvement in the space. With around 70-80 million Americans now owning some form of crypto, deaton emphasizes the importance of voting for politicians who support innovation and freedom in the crypto space. Deaton suggests that the future of bitcoin and cryptocurrency…