Key Events This Holiday-Shortened Week: Payrolls, PMI, ISM, Retail Sales And Fed Speech

With Commercial Real Estate Still Challenging, Lenders Offload Troubled Loans At A Loss Authored by Mary Prenon via The Epoch Times (emphasis ours), While leasing activity and vacancy trends suggest the U.S. commercial real estate market is stabilizing, office values are still well below post-pandemic peaks, recent reports show. The San Francisco skyline on Jan. 20, 2023. Patrick T. Fallon/AFP via Getty Images As owners scramble to make payments on under-occupied office buildings, many lenders are reluctant to foreclose to avoid the headache of taking ownership and reselling the properties, according to David...

Jill Biden's Memoir Tour Is Getting Trashed From The Left Jill Biden has launched a book tour for her new memoir, View from the East Wing, in what appears to be an effort to salvage her husband's political legacy after his 2024 campaign collapsed following his disastrous debate with President Trump. Instead, she's reopening a wound Democrats spent two years trying to let heal. Now, former aides, party operatives, and even friendly media figures are speaking out. Last week, the former first lady sat down with CBS News correspondent Rita Braver and...

Randi Whinegarten Authored by Larry Sand via American Greatness, Randi Weingarten, president of the American Federation of Teachers, wrote a hyperbolic piece titled "America's Teachers Can't Afford to Teach," which appeared in Time magazine on June 11. The excessively whiny article is filled with half-truths meant to make readers feel sorry for impoverished, underpaid teachers. Among other things, she asserts that the vast majority of American educators are living paycheck to paycheck, taking on debt to buy groceries, and facing other financial hardships. She maintains that the pay gap between "teachers and other...