India Set To Miss Budget Deficit Target As Oil Shock Strains Public Finances

Are Banks More Powerful Than Governments? Authored by Mollie Engelhart via The Epoch Times, Government is big. Elected and unelected officials wield enormous amounts of power. But lately I have found myself wondering whether we are paying attention to the wrong institution. What if the most powerful institutions in America are not governments at all? What if they are banks and payment processors? A few years ago, during COVID-19, a friend of mine owned a small shop in Northern California. It was the kind of place many young mothers loved. They sold raw milk,...

Conference Board Confidence Unexpectedly Jumped Amid War In March Despite war (and rising gas prices) now on respondents' minds (the survey period for preliminary results was March 1 to 24), it is perhaps surprising that The Conference Board's Consumer Confidence rose more than expected in March (from 91.0 to 91.8), considerably better than the 87.9 expected. Even more intriguing, the Present Situation rose from 120.0 to 123.3 (118 exp) while Expectations fell from 72.0 to 70.9 (68.4 exp) Source: Bloomberg Among demographic groups, confidence on a six-month moving average basis continued to moderate...

US Africa Command said in a press release on Thursday that its forces launched an airstrike in southern Somalia on April 15, the same day the US-backed Somali government announced major attacks against al-Shabaab that it said involved airstrikes supported by “international partners.” As usual, AFRICOM offered barely any details on the strike, saying only […]