Tag: The Epoch Times

Federal Reserve Economists Still Expect a Recession Later This Year, FOMC Minutes Show

Federal Reserve economists still expect a recession starting later this year, according to minutes from the June Federal Open Market Committee (FOMC) policy meetings. The economic forecast put together by staff at the policy meeting “continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions” would trigger a “mild recession” ...

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Ban on Recording Without Consent Is Unconstitutional, US Court Rules

An Oregon law that forbids recording in public without consent runs afoul of the U.S. Constitution’s First Amendment, a U.S. court has ruled. Oregon law 165.540, first enacted in 1955 and subsequently broadened to bar secret recording of conversations, is unconstitutional, Judge Sandra Ikuta, a George W. Bush appointee writing for the majority in the 2–1 ruling, said. Exceptions to the ...

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Biden Announces 2 Republican Nominees for FTC Positions

President Joe Biden has announced plans to nominate Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to serve as Republican commissioners of the Federal Trade Commission (FTC). The White House announced the GOP nominations—part of a longstanding practice to include bipartisan membership—in a July 3 press release. Senate lawmakers will need to vote to confirm Biden’s nominees for the FTC ...

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Biden Official Says Social Media Companies Uncooperative in Addressing Fentanyl Crisis

Anne Milgram, head of the Drug Enforcement Administration (DEA), has said that social media companies haven’t been as cooperative as they could have in addressing the fentanyl crisis. “We have not until recently gotten nearly as much cooperation as we need,” she said on Sunday during an appearance on NBC’s “Meet The Press.” Social media companies have to comply with ...

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Australia, Indonesia Condemn Russia While Sending Message to Beijing

Australian Prime Minister Anthony Albanese and Indonesian President Joko Widodo jointly denounced Russia’s aggression against Ukraine, noting its effects on the global economy through inflation, disrupted supply chains, and worsening food insecurity. Mr. Albanese welcomed Mr. Widodo to Australia on July 4 during the annual Australia-Indonesia leaders’ meeting in Sydney, where they deepened links between both nations. In a joint ...

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Iowans Hospitable, Skeptical As Pence Stumps Economic Record

URBANDALE, Iowa—Urbandale, population 46,000, is a slice of Americana nestled against the west side of Des Moines, the capital of Iowa. Despite being part of a metropolitan area of 700,000, Urbandale retains a small-town atmosphere. The city has suburbanized without becoming bougie, lending it a charm reminiscent of earlier days. That America-then feel combined with what locals proclaim is the ...

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Woke Inclusivity Opens Gates to Exclusion and Division

Commentary Canada’s federal government has cheerfully proclaimed June to September to be Pride Season. Beyond the commonplace vulgarity in pride parades, one reasonably perceives a push to include new identities. And generous Canadians are inclusive. But a push for inclusion is a push for power, and that makes inclusion a complex political beast. For starters, unless every person is included, any ...

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Zuckerberg Launching Twitter Rival Called ‘Threads’

The rivalry between Elon Musk and Mark Zuckerberg has just heated up as Meta, the parent company of Facebook and Instagram, has teased that it’s launching a platform to rival Twitter. Called “Threads,” the Meta-backed microblogging platform is billed as “Instagram’s text-based conversation app,” according to a listing on Apple’s App Store. The listing indicates that Threads will released on Thursday, ...

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What Presidents Have Done on the Fourth of July

WASHINGTON—Through history, the Fourth of July has been a day for some presidents to declare their independence from the public. They’ve bailed to the beach, the mountains, the golf course, the farm, the ranch. In the middle of the Depression, Franklin D. Roosevelt was sailing to Hawaii on a fishing and working vacation. It’s also been a day for some ...

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Looking Back at Blinken’s Trip to Beijing

Commentary Secretary of State Antony Blinken recently completed a “chief supplicant” mission to Beijing on June 19. The Cambridge Dictionary defines a supplicant as “a person who asks a god or someone who is in a position of power for something in a humble way.” Who could argue that Blinken acted otherwise? During the brief trip, he apparently made no “big asks” in representing U.S. interests and concerns vis-a-vis the Chinese communist ...

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China’s $3 Trillion in ‘Shadow Reserves’ Threatens Global Economy: Former US Treasury Official

The Chinese regime is hiding trillions of dollars in “shadow reserves,” according to an economist and former Obama-era Treasury Department official. Mr. Brad Setser, who served on President Joe Biden’s 2020 transition Agency Review Team, recently warned that China possesses far more foreign exchange reserves than what the regime is reporting. He estimated in The China Project that Beijing likely ...

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NATO Chief Stoltenberg to Stay in Office Another Year, Cites ‘More Dangerous World’

The North Atlantic Treaty Organization (NATO) member countries confirmed on July 4 that current Secretary-General Jens Stoltenberg will remain in office for another year. The announcement came after the alliance failed to settle on a candidate for the leadership position. “Honoured by #NATO Allies’ decision to extend my term as Secretary General until 1 October 2024,” Stoltenberg wrote on Twitter. “The transatlantic ...

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US Approves $15 Billion in Patriot and Missile Defense Upgrades for Poland

The launcher system of the PATRIOT (Phased Array Tracking Radar to Intercept on Target) surface-to-air missile system at the military base of Kaufbeuren, southern Germany, on June 17, 2023. (Christof Stache/AFP via Getty Images) WASHINGTON—The U.S. State Department has approved a possible $15 billion sale of an Integrated Air and Missile Defense (IAMD) Battle Command System (IBCS) and related equipment ...

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United Airlines Gets a Handle on Canceled Flights, CEO Outlines How to Prevent Another Meltdown

Air travelers could breathe a little easier Monday, as a break in stormy weather—and lighter schedules a day before the July 4 holiday—helped airlines keep more flights moving on time. By 10 p.m. ET, about 133 U.S. flights had been canceled and 4,454 were late, according to FlightAware. Those numbers were down from more than 600 cancellations and 7,700 delays ...

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