Tag: The Epoch Times

Recent surveys have indicated a growing concern among U.S. citizens about the financial impact of inflation. According to a recent poll, 61 percent of Americans are now stating that the rising costs have been causing financial difficulties, a notable jump of six percent from the previous survey carried out in November 2022. This figure is the highest reported since Gallup ...

Commentary In mid-May, True North columnist Andrew Lawton reported that the London Public Library in Ontario refused to rent space for an annual public lecture organized by the Society for Academic Freedom and Scholarship (SAFS). Founded in 1992, SAFS is a Canadian academic organization with a mandate to “defend freedom in teaching, research and scholarship.” It is non-profit, non-partisan, and ...

Rep. Cori Bush (D-Mo.) introduced a resolution on May 17 calling for $14 trillion in reparations over the U.S. history of slavery. The resolution is meant to seek awareness on a measure, H.R. 40, which has been introduced in every Congress for decades, that would establish a federal commission to study the issue of slavery reparations. The resolution states that ...

Demand for mortgages dropped as interest rates rose to new highs, with both purchase and refinance mortgage applications registering weekly declines. MBA’s Market Composite Index, which measures mortgage loan application volume, fell by 5.7 percent for the week ending May 12 compared to the previous week, according to a May 17 press release. Joel Kan, MBA’s vice president and deputy ...

Financial system review examines vulnerabilities in banking sector due to higher interest rates OTTAWA—Bank of Canada analysis shows that while global banking stresses have been contained and the Canadian banks remain robust, the effects of much higher interest rates are exposing vulnerabilities in the banking sector. These vulnerabilities can raise the cost of banks’ funding and thus make it harder ...

LONDON—Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5 percent, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude dropped 34 cents, or 0.5 ...

Internet users who encourage self-harm could be jailed for up to five years, the Ministry of Justice (MoJ) has said. Additions to the Online Safety Bill will make it a crime to encourage someone to cause serious self-harm, regardless of whether or not victims go on to injure themselves. The offence will add to existing laws which make it illegal ...

A dozen counties in eastern Oregon have now thrown their support behind a proposed merger with neighboring Idaho, bringing the idea of Greater Idaho closer to reality. The ballot measure in the May 16 Wallowa County election was won by a razor-thin 21-vote margin, with 1,721 (50.31 percent) of 3,241 ballots cast in favor of the proposal, according to KTVB7. ...

House Democrats on Wednesday formally introduced a procedural resolution referred to as a “discharge petition” in an effort to try and force a floor vote on a U.S. debt limit increase without needing the approval of House Speaker Kevin McCarthy (R-Calif.). The discharge petition was introduced at 10 a.m. as part of a clandestine scheme that had been quietly set in motion since ...

Australian farmland values rose for the ninth consecutive year in 2022 due to strong demand and robust performance of the agriculture sector. According to the latest report by Rural Bank, which specialises in financial services for farmers, the national median price of Australian farmland jumped 20 percent to $8,506 (US$5,652) per hectare in the past year. In contrast, the average ...

Commentary Art is the highest form of human expression; that is, art is most effective in evoking and exploring expressions intrinsic to the human experience. There can be no room for what you might call fake art, art that is, at its heart, inauthentic. I examined authenticity in my Honour’s thesis, and submit that authentic art is, in both conception ...

Australian banks launched a new digital platform on May 16 to help stop customers from losing money to scammers. The new Fraud Reporting Exchange (FRX) platform will facilitate a “close to real time” reporting of fraudulent payments to another bank, thus increasing the chances of freezing and recovering money that has been transferred to scammers. Banking Association (ABA) Chief Executive ...

News analysis While it’s bad enough the debunked dossier the FBI used to spy on the Trump campaign was paid for by the Clinton campaign and authored by a foreign FBI informant and his carousing researcher, the newly released report of Special Counsel John Durham strongly suggests a top Justice Department official and his wife had an early hand in ...

“This happened in a red enclave, in a red hamlet, in a red town, in a red county. I need these people to understand that this could happen anywhere.” New York Post columnist Karol Markowicz was a self-described “New York supremacist,” having spent all of her life in the Big Apple. But she uprooted her family to Florida after the ...

Industrialist Elon Musk has criticized work-from-home arrangements, claiming it was unfair to employees who cannot access such options while at the same time being less productive compared to working from an office. “The laptop class is living in la la land,” Musk said in an interview with CNBC on May 16. The billionaire insisted that it was wrong for some ...

A Maryland public school board said it is filing a legal claim against Facebook, Instagram, TikTok, Snapchat, and YouTube, for negatively affecting the mental health of young students. Prince George’s County Public Schools (PGCPS) filed a nearly 200-page lawsuit against the social media companies for allegedly targeting children with apps that were designed to be addictive, reported Fox Business. School administrators ...

Elon Musk compared controversial billionaire Democratic donor George Soros to “X-Men” supervillain “Magneto” in a series of tweets on May 15, just days after Soros’s firm disclosed having sold off its stake in Tesla. “Soros reminds me of Magneto,” the Twitter owner wrote, referring to the Marvel comic villain who is a Jewish Holocaust survivor. He added that Hungarian-born investor Soros, 92, “wants to erode ...

Rep. Lauren Boebert (R-Colo.) has filed for divorce from her husband, Jayson Boebert. The 36-year-old Republican who represents Colorado’s 3rd Congressional District announced the news in a statement on May 16, The Colorado Sun reported. Boebert cited “irreconcilable differences” as reasoning for the separation. “It is with a heavy weight on my heart that I have filed for divorce from my ...

Home Depot’s revenue during the first quarter fell short of expectations and the company on Tuesday cut its annual sales forecast and projected a decline in profit for the first time since 2009. Shares of the nation’s largest home improvement chain tumbled about 4 percent, while those in rival Lowe’s dropped nearly 3 percent. For the three months that ended April ...

Commentary Integral to the integrity of our society, based as it is on the rule of law, is the behaviour and competence of the Director of Public Prosecutions (DPP). Revelations and accusations about the behaviour of the Australian Capital Territory’s DPP should send alarm bells ringing for all Australians. His behaviour and professionalism have come under some close scrutiny at ...