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

TSA Suddenly Suspends PreCheck, Global Entry As DHS Shutdown Continues Update (1200ET): It appears the potential blowback from shutting PreCheck and Global Entry was just too much to bear as Jake Sherman reports the Trump admin has reverted back to normal on PreCheck but has adjusted its policy in response to the govt shutdown. "At this time, TSA PreCheck remains operational with no change for the traveling public. As staffing constraints arise, TSA will evaluate on a case by case basis and adjust operations accordingly. Courtesy escorts, such as those for...

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...

"Potentially Worst Blizzard In Decade" Set To Hammer Mid-Atlantic And Northeast A potentially historic winter storm is set to slam the Mid-Atlantic and Northeast beginning Sunday, bringing heavy snow, damaging winds, and coastal flooding. As of Sunday morning, 35 million people are under Blizzard Warning alerts from the Mid-Atlantic through New England, according to a post on X from the National Weather Service Prediction Center. Meteorologists are already labeling the nor'easter as potentially historic and warn it could be the most intense blizzard to hit the Mid-Atlantic and Northeast in a decade. "IT"...