Trump Tells "Less Shackled" Pulte To Fire Intelligence Officials As Senate Blocks FISA Extension

New York City Sheds 30,000 Jobs As Restaurants Face Mounting Financial Pressure It turns out that more suffocating regulation in one of the most aggressively regulated cities in the U.S. is not helpful to businesses...go figure...In fact, rising operating costs, bureaucratic delays and persistent inflation are putting growing pressure on New York City businesses, with restaurant owners warning that operating in the five boroughs is becoming increasingly difficult, according to MSN/NY Post. The strain is now showing up in employment figures. A new report from City Comptroller Mark Levine found that New...

Bad Inflation Cures Itself. Good Inflation Doesn't Authored by Lance Roberts via RealInvestmentAdvice.com, Key Takeaways Inflation driven by supply shocks is "bad" inflation, and bad inflation is self-liquidating because rising income doesn't support it. September headline CPI ran 3.7% while core sat at 2.6%. The gap is gasoline, up 34.2% over the year and now more than half of the monthly increase. Real wages have turned negative, and labor's share of output just set its lowest reading since the series began in 1947. The 10-year breakeven sits near 2.3%. The market that gets paid to...

Iran Claims Kuwait Airbase Attack, Strikes Pair Of Tankers In Hormuz, Despite No New US Operations Overnight "We note with concern that the security situation remains precarious," said Pakistani Foreign Ministry spokesperson Tahir Andrabi on his country's mediation efforts to find peace between the US and Iran. Talks "are ongoing to normalize the situation, particularly the situation in the Strait of Hormuz," he told reporters as a week full of renewed fighting as come to a close. But there essentially are no current talks, and US officials have indicated they...