Biden thrivin’. Photo: Win McNamee/Getty Images Last week, fewer Americans applied for unemployment benefits than at any time since March 2020 . Last month, retail sales in the U.S. rose by 9.8 percent , the largest increase in nearly a year. Factory activity in the state of New York just hit its highest level since 2017 ; in Philadelphia, manufacturers are now more confident about business conditions than they have been since 1973. As of this writing, U.S. stock values have hit an all-time high. All of this news is better than expected. And yet the yield on U.S. Treasury bonds declined Thursday morning — a sign that global investors believe America can have its post-COVID economic boom and its low inflation, too. In other words, it’s a good morning for “ Bidenomics .” Economists surveyed by Bloomberg had projected a 5.8 percent jump in retail sales in March, but the combined effect of the American Rescue Plan ’s $1,400 stimulus checks, strong job growth, and … [Read more...] about The Biden Boom Has Begun
President Joe Biden’s half-open, half-closed border is creating chaos south of the border and is pulverizing his support among Latino and independents likely voters north of the border. Biden’s policies have gotten him 64 percent disapproval among independents, and 55 percent disapproval among Latinos, according to a Quinnipiac poll of 1,237 adults, conducted April 8-12. Just 22 percent of swing-voting independents and 27 percent of Latinos support Biden’s policy to extricate hundreds of thousands of migrants from their countries into a Hunger Games -style obstacle course, so they can be used in the U.S. economy. GOP voters strongly oppose these policies, so the Quinnipiac numbers translate into a national disapproval rate of 55 percent, with just 29 percent approval for Biden’s immigration policy: Quinnipiac Poll Biden also got bad news from a second poll by Morning Consult and Politico. The second poll showed that his border policy has only 10 percent … [Read more...] about Joe Biden’s Border Chaos Crashes His Poll Numbers
In his dialogue, Phaedrus , the Greek philosopher Plato’s King Thamus argued that rather than aiding human memory, the Egyptian god Theuth’s gift of writing offered only the appearance of wisdom; 2,400 years later, Plato’s debate has resurfaced to blame Google and Facebook for our current misfortunes. The struggle to understand the effects of digitization on the news media, politics, commerce, and the very concept of truth itself remains in its infancy, so far without an heir to Plato. For centuries, it was the role of the press, the so-called Fourth Estate, to speak truth to power and hold the powerful accountable. The internet has changed that, and the costs of this information free-for-all become more evident every day — malignant conspiracy theories; foreign efforts to influence democratic elections; emboldened political, racial, religious, and ethnic extremism, literally ad nauseam. “ Disinformation is infecting our democratic discourse at rates that threaten the long-term … [Read more...] about Mark Zuckerberg, meet Jean-Jacques Rousseau?
For too long, newspaper headlines in rural communities across our country told a similar story of college-educated young people packing their diplomas and moving to bigger cities with dreams of “making it big” in their careers and social lives. The opportunistic pull of the cities was so strong that it earned its own nickname, the “brain drain,” and smaller communities were left struggling to compete with the seemingly insurmountable growth of urban centers around the country. Traffic on this seemingly one-way street, however, is beginning to turn. As described by the headline of an opinion article in this publication earlier this year — “Rural America booms as young workers leave the cities behind ” — there are seeds of hope scattered among the many health and economic horrors caused by the global COVID-19 pandemic. Suddenly, rural areas of our country that once seemed destined for only a graying population are growing and attracting younger residents. In fact, a Pew Research … [Read more...] about Live here, work anywhere: How the pandemic is reversing rural trends
The Biden administration on Thursday announced sanctions against Russia for its involvement in a recent major cyber espionage operation against the U.S., foreign influence operations around U.S. elections and other concerns. As part of an executive order signed by President Biden Joe Biden House panel approves bill to set up commission on reparations Democrats to offer bill to expand Supreme Court Former Israeli prime minister advises Iran to 'cool down' amid nuclear threats MORE , the administration through the Treasury Department will block U.S. financial institutions from purchasing bonds from Russia's Central Bank, National Wealth Fund or Ministry of Finance after June 14 and from lending funds to these institutions. The directive also leaves open the possibility for the administration to expand the sanctions on Russian sovereign debt. Additionally, the Biden administration is expelling 10 personnel from the Russian diplomatic mission in Washington, some … [Read more...] about Biden administration sanctions Russia for SolarWinds hack, election interference