Tag: The Epoch Times

President Joe Biden remarks on the Supreme Court’s decision on the student debt relief program at 3:30 p.m. ET on June 30. ...

SINGAPORE/LONDON—The yen briefly weakened past the closely watched 145 per dollar level on Friday although traders’ fears of intervention by Japanese authorities kept it in check, while the dollar was also strong more broadly ahead of U.S. inflation data. Barring unexpected interventions, the day’s main event for FX markets is the U.S. personal consumption expenditure price index, which will be ...

Huntington Beach councilors on June 26 unanimously approved a $5.4 million 2023-24 fiscal year budget—which begins July 1—after an hours-long discussion which attracted over 100 residents, many of whom were concerned about a proposal posted online the Friday before the special meeting that showed the possibility of some services being cut, including at the city’s libraries. After being alerted to ...

A New York appeals court has dismissed all claims against former President Donald Trump’s daughter Ivanka Trump in a civil lawsuit brought by Attorney General Letitia James. The New York Appellate Division’s First Department ruled unanimously this week to dismiss claims against Ivanka Trump because they were filed too late and she was no longer part of the Trump Organization during the ...

The New South Wales (NSW) Housing Minister Rose Jackson has become the first Labor state minister to swat down the left-wing Greens’ campaign for Australia to adopt rent controls to deal with its housing crisis. On June 27, federal Greens housing spokesperson, Max Chandler-Mather, reiterated his party’s position citing San Francisco as an example Australian authorities should follow. “In San ...

Benchmark U.S. crude oil for August delivery rose 30 cents to $69.86 a barrel Thursday. Brent crude for August delivery rose 31 cents to $74.34 a barrel. Wholesale gasoline for July delivery rose 1 cent $2.62 a gallon. July heating oil rose 1 cent to $2.42 a gallon. August natural gas rose 3 cents to $2.70 per 1,000 cubic feet. ...

Commentary Riverside and San Bernardino Counties in Southern California have 52 cities. A number of their residents work in Orange County and make their commute using the Riverside Freeway, its express lanes, or the Metrolink rail. As housing costs tend to be higher the closer one comes to the coast, moving to the Inland Empire (IE) provides for more affordable ...

Commentary The United States is the world’s No. 1 military power, while China is No. 3. To catch up with the United States, China will need to maintain a certain level of economic growth. However, given the slowing economy and the demographic challenge, the Carnegie Foundation expects China’s long-term GDP growth not to exceed 2–3 percent. “The world is entering a ...

“I get films. I don’t get the easy ones. And this one definitely wasn’t,” says actor Jim Caviezel. “This is a huge weapon to evil, and they don’t like it.” In this episode, I sit down with actor Jim Caviezel and Tim Ballard, a former Department of Homeland Security special agent and founder of Operation Underground Railroad. Jim Caviezel plays ...

Affirmative action took a major blow Thursday. The Supreme Court ruled that universities can no longer give preferential treatment to black students over other races—or preferential treatment to any race, for that matter. It will bring back a degree of “colorblindness” where the color of a person’s skin can no longer be used as a factor to decide whether a ...

President Joe Biden on Thursday responded to the Supreme Court’s decision to effectively end affirmative action in college admissions, criticizing the court for breaking with decades of precedent. “I strongly disagree with the court’s decision because affirmative action is so misunderstood,” Biden said at the White House before departing for New York. “Many people wrongly believe that affirmative action allows ...

The United Auto Workers (UAW), a labor union and major Democrat backer, has slammed the Biden administration for giving billions of dollars in funding for boosting electric vehicle (EV) production while traditional autoworkers would lose their jobs or be paid lower wages. “The federal government announced a massive $9.2 billion giveaway loan to Ford Motor Co. through the Department of ...

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 ...