New Home Sales Unexpectedly Plunged In May As Prices Surged

Fear Is Overwhelming Us Authored by Guy de la Bédoyère via DailySceptic.org, Fear is implanted in us as a preservative from evil but its duty, like that of other passions, is not to overbear reason, but to assist it. It should not be suffered to tyrannise in the imagination, to raise phantoms of horror or to beset life with supernumerary distresses. Samuel Johnson in the Rambler (1761) No-one’s disputing that very hot weather can be challenging, even dangerous, for some people. But I’ve been fascinated by the news coverage of the heatwave over the last...

"Entering The Mega Investment Era": JPM Breaks Down South Korea's Plan To Double Memory-Chip Production Any hope that the memory-chip shortage would ease this year was upended Monday morning, as South Korea's two memory giants, Samsung and SK Hynix, prepare a massive capacity expansion that will unfold over the next five years rather than provide near-term relief. That means the supply squeeze rippling through consumer electronics, from Apple MacBooks to Microsoft Xbox consoles, is likely to keep driving prices higher  for the foreseeable future. The Korea Economic Daily reports that South...

The House is expected to vote this week on a War Powers Resolution to end US support for Israel’s war in Lebanon, which has been a major impediment to ending the US-Israeli war against Iran. The bill, introduced by Rep. Rashida Tlaib (D-MI), would end any US participation in the war that hasn’t been authorized […]