Bad Inflation Cures Itself. Good Inflation Doesn't

The Crowdsourcing Of Cutting Waste & Fraud Authored by Jeffrey Tucker via The Epoch Times, The Trump administration came into office with a pledge to uproot waste, fraud, and abuse within the government’s system of transfer payments. Leading the charge would be Elon Musk and his Department of Government Efficiency (DOGE). They began their work early on with earnest and passion, starting inauguration evening, with many long days and nights of data crunching and number slinging, under the assumption that auditing government would be similar to auditing a private company. DOGE quickly found...

US To Allow Online Applications For 1st-Time Passports: Rubio Authored by Naveen Athrappully via The Epoch Times, Beginning next year, U.S. citizens can apply for their first passport fully online, according to Secretary of State Marco Rubio. A woman applies for a U.S. passport online. Shutterstock"By the end of 2027, our goal is for the vast majority of Americans to be able to apply for a passport or a passport card on America.gov," Rubio said during a Sept. 29 remark at an event launching the America.gov platform. The online application makes the process...

Futures Rise As CoreWeave Calms Debt Jitters, Sparking AI Rebound; Oil Jumps On Hormuz Mines US futures are higher as a trifecta of AI catalysts, i) CoreWeave's beat-and-raise, ii) reports that Anthropic's bankers are weighing an IPO valuation of $1.5 trillion or more and iii) word that OpenAI's quarterly revenue hit $10 billion for the first time, revived the battered tech trade and helped markets shrug off Tuesday's hot CPI hangover, even as oil rebounded after Iran's IRGC claimed two tankers hit mines in the Strait of Hormuz; as a...