Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income

Watch: Giant Explosion Rocks Lebanon As IDF Destroys Hezbollah's Underground Drone Complex In a move bound to test the limits of the fragile Washington-brokered regional ceasefire, Israel has unleashed massive ordinance on southern Lebanon, saying it has utterly destroyed a huge underground complex built and used by Hezbollah. Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have freshly announced that the Israel Defense Forces (IDF) completely demolished a massive Hezbollah underground fortress embedded deep beneath the southern Lebanese village of Majdal Zoun. The village itself was leveled, with the IDF...

Judge Rejects States' Attempt To Block Medicaid Work Requirements Authored by Zachary Stieber via The Epoch Times, A federal judge on July 30 declined to block new work requirements for Medicaid recipients that states must implement by Jan. 1, 2027. Judge Richard Stearns of the U.S. District Court for the District of Massachusetts turned down a request for a preliminary injunction made by Massachusetts and 25 other states to block the work requirements as the states’ legal challenge proceeds. Stearns said in a six-page decision that the harms about which the states complained—added...

What 'Compassion' Isn't Authored by Laura Hollis via The Epoch Times (emphasis ours), One of the most frustrating aspects of contemporary conversations about politics and public policy is how often the deleterious effects of terrible programs - local, state and federal - are brushed aside with distracting and even deceitful claims that the intentions behind the policies were "compassionate." This is an utterly wrongheaded analysis for many reasons. Laws, public policies, and government programs should be evaluated by their results, not by the state of mind of their advocates or sponsors. Nathan...