Tag: The Epoch Times

Strong jobs market and savings built up since the pandemic spur consumer spending OTTAWA—As the Bank of Canada raised its trend-setting interest rate to 5 percent on July 12, it noted that households are on average in better financial shape than some reports might suggest.  Bank of Canada senior deputy governor Carolyn Rogers said the central bank wanted to take ...

“In the fall of 2019, we were told that a member of the men’s team was going to be transitioning to the women’s team … And that’s when I started to dig deeper on what the NCAA actually allowed. And they did allow for men to become women only after a year of deciding that they wanted to switch.” In ...

Commentary Trust in public health has been shattered in the wake of COVID. Confidence in government health authorities has plummeted—64 percent rate the FDA as “only fair or poor” and 58 percent rate the CDC the same. Ironically, and in defiance of Americans demanding more health autonomy, Sen. Bernie Sanders has put forth a radical Medicare-for-All 2023 bill to impose the ultimate government control ...

“What we’re seeing, really, is the end of multiculturalism as we know it.” Soeren Kern, a writing fellow at the Middle East Forum, joins me to discuss the riots currently sweeping through France—and that have now begun spilling into neighboring countries. Contrary to the mainstream media’s narrative that the civil unrest is strictly a response to French racism and police ...

If you want to get a reaction from an Iowan, say you’re tired of having their caucuses select a president for the entire country. You’ll get an earful of reasons that just ain’t so faster than you can say “pork queen.” Iowa’s position on the election calendar has given the state’s caucus-goers an early thumbs up—or down—on presidential hopefuls since ...

More and more Australian businesses are facing insolvency risk as trade payment defaults reached a record high in June due to the impacts of inflation and interest rate hikes. According to a new report by CreditorWatch, a credit reporting agency, business-to-business trade payment defaults rose to 1,586 cases in June, up 52 percent from a year ago. Credit enquiries, which ...

WeChat is facing a potential ban in Australia after the company refused to appear before a federal government inquiry into foreign interference. The chair of the Select Committee on Foreign Interference through Social Media, Sen. James Paterson, said at a press conference on July 11 that the refusal showed how little regard WeChat and its parent company Tencent, which is tied to ...

Overnight, from July 10 through July 11, heavy rains pummeled New England, causing massive flooding and sending search-and-rescue teams sprinting to reach stranded residents and communities. A Vermont reservoir threatened to overflow a dam protecting the state’s capital and exacerbate “catastrophic” flooding that has already closed roads leading out of the city and confined residents inside their homes. The Wrightsville Dam, ...

Rep. Matt Gaetz (R-Fla.) is leading a Republican effort in the House to abolish a controversial surveillance authority that is due for reauthorization at the end of the year. Section 702 of the Foreign Intelligence Surveillance Act (FISA) was enacted by Congress in 2008 as a post-9/11 measure to bulk up U.S. national security. The provision allows intelligence agencies to conduct ...

Former Vice President Mike Pence challenged his former boss’s claims that he could end the war in Ukraine in a day, asserting the only way the war would end that quickly is if the United States conceded on nearly every term Russian President Vladimir Putin is seeking. Former President Donald Trump has said on multiple occasions that he could end ...

Commentary Complaints about our two-party system are nothing new and parties other than Democrat and Republican have popped up from time to time, occasionally with memorable names such as the Bull Moose Party. Even so, they disappear pretty rapidly, the conventional wisdom being that the only thing that really works is the same old, same old. Further, we look across ...

Rising construction costs have slowed for the first time in two years as a drop in new home builds eases demand for materials and labour. The cost of building a home or renovating recorded its lowest average increase last month since September 2020, with potential knock-on effects for the housing market and inflation. The national quarterly average growth rate eased to ...

Commentary In recent months, Florida Gov. Ron DeSantis (R) and California Gov. Gavin Newsom (D) have been crisscrossing the country. They are offering dueling narratives regarding the upsides of their own states while lambasting the downsides of their opponent’s states. Why are these two governors sniping at one another? Are they raising their national profiles and jockeying for position in ...

News Analysis The Supreme Court ruled on June 29 that affirmative action is unconstitutional. Nonetheless, history suggests that liberal states and institutions could obstruct implementing the decision that race-conscious admissions violate the equal protection clause of the 14th Amendment. GianCarlo​ Canaparo, senior legal fellow at The Heritage Foundation’s Edwin Meese III Center for Legal and Judicial Studies, predicted to The ...

Meta Platforms’ Threads, which rivals Twitter, crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians, and other newsmakers joining the platform. “That’s mostly organic demand, and we ...

The United States will move forward with its plan to transfer F-16 fighter jets to Turkey, the White House said on July 11, shortly after Turkish President Recep Tayyip Erdogan withdrew his objection to Sweden joining NATO. “President Biden has been clear and unequivocal for months that he supported the transfer of F-16s to Turkey,” U.S. National Security Advisor Jake Sullivan told ...

The major U.S. banks are set to report the biggest jump in loan losses since the COVID-19 pandemic, as rising interest rates put mounting pressure on borrowers across the country. America’s top lenders are expected to release their second quarterly earnings reports this week, with JPMorgan, Wells Fargo, Citigroup, and BlackRock releasing theirs on July 14. Bank of America and ...

Meta’s answer to Twitter, Threads, launched worldwide this week with the exception of EU member countries. The new Instagram-linked app, which is now available in 100 countries, so far has no plans to launch in the EU, likely due to privacy regulations in the bloc. There are obviously very strong concerns over the processing of data of EU citizens, as Meta ...

Tech giant Google has been ordered to hand over the IP address and details of a person accused of emailing defamatory allegations about a Labor election candidate in Australia. On Nov. 9 last year, during the Victorian state election, an individual sent an email (from the address: davidjonesaus18@gmail.com) about Nurul Khan to ministers and news organisations. Following this, Mr. Khan ...

LANSING, Mich.—Former Democratic state Sen. Curtis Hertel Jr. on Monday announced a campaign for Michigan’s 7th Congressional District, one of the nation’s most competitive House districts. Mr. Hertel and another ex-state senator, Republican Tom Barrett, who launched his second run for the seat Sunday night, are the first to announce bids for the seat of U.S. Rep. Elissa Slotkin (D-Mich.). ...