"Set Your AC To 78F": NYC Socialist Pleads With Residents As Fragile Grid Faces Blackout Risk

China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand. Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised its schedule in a break with recent practice. Industrial production (IP) growth slowed to 4.5% yoy in July from 5.3% yoy in June, reflecting slower export growth and...

Waste Of The Day: Education Fraud Sweeps Nation Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Since 2019, school districts across 24 states and Puerto Rico have lost $225 million to fraud confirmed by the U.S. Department of Education inspector general's semiannual report to Congress. No more than $67 million has been recovered. Key facts: Open the Books and the State Financial Officers Foundation documented 74 instances of confirmed school fraud, averaging over $3 million each. There are far more that have gone unprosecuted or undetected. Florida and Illinois schools each had the most...