Eager to yet again deflect blame for costing the Republican Party control of the Senate in last year’s midterm elections, Donald Trump took to Truth Social to scapegoat pro-life conservatives. Ignoring the fact that it was indeed the former president who hand-picked the three Supreme Court justices who helped overturn Roe v. Wade, Trump claimed that “it was the ‘abortion issue,’ poorly handled by many Republicans, especially those that firmly insisted on No Exceptions, even in the case of Rape, Incest, or Life of the Mother, that lost large numbers of Voters.”
I ve never loved giving gift cards in the best of times, and now, with the worst inflation in 40 years eroding the value of them in real time, there s even little reason to gift them. There s an exception to this rule and one that subverts the unfortunate reality of the time value of money: gifting experiences. Call your father s secretary and schedule the parents a dinner cruise or a winery tour.
Federal Reserve Chairman Jerome Powell's announcement that the U.S. central bank is raising interest rates by 50 basis points was met with mixed reaction across the political spectrum.
For the price of $44 billion, Elon Musk directly unmasked the disaster brewing among Twitter s bureaucracy. In exchange for the promise that news about the so-called "Twitter Files" would be published directly on the social media giant, Musk granted unfettered access of Twitter s internal premises and messages to journalists Bari Weiss and Matt Taibbi, along with author Michael Shellenberger.
To close out the highest year of inflation since the Paul Volcker era, Federal Reserve Chairman Jerome Powell gave Wall Street an inch, only to take a mile. Finally proving himself worthy of filling Volcker s shoes, Powell has defied investor expectations all year, bringing the federal funds rate to the 4.25% through 4.5% range and enacting quantitative easing significant enough to shrink the money supply for the first time since World War II. Powell decelerated rate hikes for the first time since the first half of this year. Hawks are concerned, while doves are apoplectic. But here is the case for Powell s path forward.