Epoch Times

Commentary Debate continues as to whether recession still lies ahead. The yield curve has pointed to an 80 percent chance of recession. But, when comparing today’s situation with the comparable U.S. real GDP contraction in 2008, its timing forecast has low accuracy. As the original literature documented, the yield curve only predicts a yes-no outcome (of recession) rather than the...

In this episode of “ATL:NOW,” I sit down with Simon Lee, an economics writer and a former executive of Hong Kong’s Apple Daily newspaper, to discuss the Hong Kong government’s attempts to get the iconic Hong Kong protest song “Glory to Hong Kong” removed from various platforms like Google, YouTube, and Apple. What is left of Hong Kong’s freedoms?

Three retiring Republican senators—Roy Blunt of Missouri, Jim Inhofe of Oklahoma, and Richard Shelby of Alabama—received more than $1.5 billion in earmarks contained in the Omnibus Spending Bill of 2022, according to a new analysis by a nonprofit government watchdog. The Republican trio’s pork barrel projects were among the 7,506 in the bill, worth a total in excess of $16...

Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central bank money into digital form....

Texas Gov. Greg Abbott ordered lawmakers back to work for a second special session after they failed to pass legislation to reduce property taxes. “I called another special session to deliver on our promise to provide the largest property tax cut in Texas history. Hardworking Texans deserve lasting property tax cuts. When the House Senate come to an agreement send...

Ron DeSantis said if he’s elected president, he’ll look to eliminate four major federal agencies. And he’s got a Plan B if he can’t get rid of them. In an interview with DeSantis on June 28, Fox News anchor Martha MacCallum asked the Florida governor, “Are you in favor of eliminating any agencies? I know conservatives in the past have...

Hundreds of thousands of summer travelers suffered through another day of delayed and canceled flights Wednesday, a troubling glimpse into what could happen over the long July 4 holiday weekend as airlines struggle to keep up with surging numbers of passengers. By early evening on the East Coast, nearly 5,800 U.S. flights had been delayed and 1,000 more were canceled,...

News Analysis Big-name politicians—such as former President Donald Trump, President Joe Biden, and their rivals—are jockeying for positions amid a media landscape that looks a lot like the Wild West lately. High-profile shakeups have recently hit two major networks, Fox News and CNN, leaving candidates and viewers guessing the political direction each might take next. After firing conservative megastar host...

Gan Jing World, a high-tech startup, has become a growing force in upstate New York, in a community looking to transition to a technology hub. Gan Jing means clean, and the platform is committed to providing content “free from violent, erotic, criminal or harmful material,” according to its website. Joseph DeStefano, mayor of Middletown, the city where Gan Jing World...

Banks have questions to answer about how quickly they have been passing on interest rate rises to savers, a Cabinet minister has said. Last week, the Bank of England raised interest rates from 4.5 to 5 percent, a level last seen in April 2008. It was the 13th consecutive rate increase in 18 months, putting increased pressure on mortgage holders....

Canada’s housing market has good reason to be rising despite 4.5 percentage points of Bank of Canada interest rate hikes since March last year. But policy-makers are taking steps to contain risks stemming from the housing market and analysts expect prices to start dropping. “I’m pretty sure the Bank of Canada is not happy seeing the housing market start to...

Commentary A couple of months ago, I wrote about various ways that both existing policies and proposed policies hurt a certain number of American citizens. Sometimes the hurt was by design; other times, an unavoidable consequence of the policy. Question: Are government policies that make citizens worse off justifiable? Is it naïve to hope for a government that has, as...

Former President Donald Trump has filed a counterclaim against author E. Jean Carroll, accusing her of defamation and making “false statements” after she alleged he raped her in a dressing room at the Bergdorf Goodman department store in Manhattan in the mid-1990s. Trump’s counterclaim comes just a month after he was ordered to pay $5 million in damages when a jury found him liable for...

Sen. Marco Rubio (R-Fla.) has claimed that multiple senior government officials—including Pentagon employees with “high clearances”—are aware of a secret UFO craft crash retrieval program being run by the United States. The Republican lawmaker made the claims in an interview with NewsNation on June 26, shortly after Air Force veteran and former intelligence officer David Grusch alleged that the Pentagon had discovered dead...

Australia’s corporate regulator has placed at the top of its agenda the regulation of artificial intelligence development in the financial markets amid the “new and different ” risks attached to the quickly evolving technology, partly driven by the fear of being “left behind”. In a recent speech at a financial markets forum, Australian Securities and Investment Commission (ASIC) chairman Joe...

Southern Californians should expect a hot and sunny weekend as the season’s first mini heat wave arrives. Cool and breezy days will be replaced by warmer temperatures Saturday and Sunday as thermometers climb 5 to 10 degrees in downtown Los Angeles and into the 90s in the valleys, according to the National Weather Service. “It’s definitely a warm period,” weather...

The United States is “asleep at the wheel” while communist China has grown into the “most dangerous foreign threat” that is now trying to displace the U.S.-based world order, according to former United Nations Ambassador Nikki Haley. In a speech at the American Enterprise Institute, the Republican presidential hopeful described the Chinese Communist Party as “the greatest threat to American...

Over the last few decades, we’ve seen social media’s potential for good: bringing communities together, fostering innovative new ideas, and transforming our access to information. But we’ve also seen its dark side: addiction, violence, depression, loneliness, and self-harm. What role should social media play in our lives? Should tech companies have societal responsibilities? And what does a positive alternative look...

Commentary What are the ingredients of an enduring and successful social foundation? In recent decades, that question holds increasing importance due to a modern trend that normalizes the abnormal. The convoluted mindset of the transgender industrial complex (TIC) defies the definition of biological gender as it strives to subvert the timeless bonds that keep society from collapsing, including the mangling...

The U.S. Department of Transport (DOT) is awarding grants for new electric and low-emission buses in 46 U.S. states and territories for a total of about $1.7 billion. Funding for these zero- and low-emission buses comes through the 2021 Infrastructure Investment and Jobs Act (IIJA); a $1.2 trillion bill that includes funding for public transit programs. President Joe Biden has...