Californians are getting a lesson in economics courtesy of the state’s new minimum wage law. A new law, taking effect this past Monday, created a minimum wage for fast-food workers of $20 an hour. The New York Post reported that many chains in the state have already increased their prices to deal with the new […]
I very clearly remember that dark cold morning about 1980 driving through the small southwest Missouri town of Reeds Spring. There was a pre-dawn temperature inversion that day, and the warmer air above captured in that Ozark valley great clouds of smoke from the wood stoves heating people’s homes. Wow, I thought. I hope the […]
This is totally bananas. After over two decades of maintaining the 19-cents-apiece price for bananas, store chain Trader Joe’s has had to raise the price by 20 percent. “We only change our prices when our costs change, and after holding our price for bananas at 19¢ each for more than two decades, we’ve now reached […]
By now, most people have seen the shocking images of the devastating collapse of the Francis Scott Key Bridge in Baltimore, Maryland, that happened on Tuesday morning. Indeed, it would be hard to forget the sight of the cargo ship hitting the 1.6 mile bridge, with the bridge almost instantly crumbling on impact into the […]
One economist recently warned of the connection between increased government spending and increased personal debt among American citizens. With a new, bloated federal budget coming from Congress, this is indeed a sobering warning. Heritage Foundation research fellow and public finance economist EJ Antoni highlighted how damaging government spending of […]
Macy’s will cut 150 stores over the next three years and move its focus on luxury sales in an effort to turn the historic retailer around. In a news release, Macy’s summed up its changes by calling the package of changes “A Bold New Chapter.” “A Bold New Chapter serves as a strong call to […]
A new survey found that two-thirds of full-time American workers say their income has not kept up with the rate of inflation. Rasmussen Reports released new survey results on Feb. 15 showing that 66% of American adults with full-time jobs have incomes outpaced by the rate of inflation, which continues to increase (though allegedly […]
Auto insurance rates in the U.S. reportedly reached an all-time record high last year even as Americans’ real wages were falling. The elitist globalists in the Biden administration are (deliberately) making it too expensive for ordinary people to own cars. Real wages have been steadily falling under destructive Bidenomics. […]
Massachusetts Democratic Rep. Ayanna Pressley seems to think that companies don’t need to make money, but should just be charities that cater to her voters. Pressley accused Walgreens of “racism” for shutting down a location in Boston that was plagued with so much retail theft that the store could not turn a profit. The Democrat […]
In what appears to be an unfortunate indicia of Joe Biden’s weak economic and diplomatic leadership, as well as CCP-controlled China’s ascendancy as potentially the globe’s primary superpower, the so-called BRICS group has added five new countries to its roster. The expansion poses serious implications for energy production and access, as well as for America’s […]
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