Why Mises’s Theory of Economic Calculation Still Is Relevant Today

US New Home Sales Collapse By Most In 13 Years In January Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013. This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years... Source: Bloomberg This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales... Inventories are up (Houses for sale...

Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions" Apple is permanently closing three mall-based stores in the coming months: Apple North County in California, Apple Trumbull in Connecticut, and Apple Towson Town Center in Maryland, which is the company's first unionized store. "Following the departure of several retailers and declining conditions at Trumbull Mall, the Shops at North County, and Towson Town Center, we've made the difficult decision to close our stores at these locations," Apple told computer blog AppleInsider in a statement.  Most workers will...

UPDATE 3/3/2026 at 8:00 am EDT: CENTCOM said on Friday morning that four of six crew member on board the KC-135 were confirmed dead. US Central Command said on Thursday that it lost a KC-135 refueling tanker aircraft over Iraq and that a rescue effort is underway, suggesting it may have crashed. “US Central Command […]