Author: Press Room
Here’s a graph the Keynesians, statists, and Wall Street gamblers—yes, we repeat ourselves—would prefer not to explain. At the same time, it also explains why socialism at this late date in history—and after all its abysmal failures the world over—is having some kind of dubious second coming in America. During the last three decades the national savings rate (red line) has essentially collapsed, having fallen from 6.3% of GDP in 1997 to 0.5% of GDP in 2025. Between the same two dates, however, the net worth of US households (blue line) has soared from 4.6X personal income to 6.5X personal income. In economist jargon, the question would recur…
President Donald Trump announced Saturday night he canceled a planned U.S. attack on Iran after Tehran and other Middle Eastern countries asked him to hold fire. The “perimeters” of a deal were subsequently agreed to he said would fully reopen the Strait of Hormuz and end Iran’s nuclear threat. The dramatic reversal came after Trump spent much of the previous day signaling that another major U.S. attack was imminent, with American officials saying Washington was preparing potentially sweeping strikes against Iranian energy and infrastructure targets as soon as the weekend. “The U.S.A. is locked and loaded and ready to go…
People who raise flags on lampposts or other street infrastructure in Oxfordshire face imprisonment following a ruling from the High Court. Last year, the grassroots Operation Raise The Colours campaign swept the United Kingdom, as citizens used the peaceful flag-raising civil disobedience movement to express their opposition to the government commandeering hotels to house mostly young male migrants in their midst. The outpouring of patriotic fervour riled the feathers of many local councils, including Oxfordshire County Council, which has been awarded a High Court injunction barring anyone from attaching England or UK flags to lampposts or public infrastructure, or from painting their image…
With conflict spreading and old forums faltering, Manila became one of the rare places where powers still chose dialogue In late July, the Philippines did something that has become increasingly rare. It made great powers sit down. Under the chairmanship of the Philippines, the 59th ASEAN Foreign Ministers’ Meeting in Manila and its dense constellation of related gatherings turned the capital into one of the few reliable stages where rivals still appear in the same rooms, exchange views, and keep channels open.From July 20 to 24, foreign ministers from Southeast Asia, the United States, China, Russia, Japan, India, Europe, and…
In a 2023 interview with Meal Magazine, Wisconsin progressive Democrat Francesca Hong — the current frontrunner in the Democratic primary for governor of the critical battleground state — openly detailed a severe mental health crisis she had in high school. Hong said she suffered a mental breakdown that landed her in a psychiatric hospital for a week. She described intense numbness and emotional pain that led her to self-harm by cutting. Hong further stated she was diagnosed with bipolar disorder, was prescribed SSRIs, and overdosed on lithium. In typical liberal fashion, Hong tried to paint herself as a victim in…
British trip-hop band Massive Attack has been barred from re-entering Singapore after it ended a performance in the city-state with a display of the Palestinian flag, police said on Friday. Two band members held up a Palestinian flag at the show on Wednesday and shouted “free Palestine” authorities said, with some in the audience reportedly joining them. Authorities said the band were investigated for their “actions of support for a political cause and unfurling of a foreign flag” during their concert and will no longer be allowed to perform in Singapore, Reuters reports. Singapore is known for its tough laws…
Russia launches overnight drone and missile attack in Kyiv (Screenshot via Fox) Russia launched a massive missile and drone attack against Ukraine on Saturday, prompting renewed calls from Ukrainian President Volodymyr Zelensky for American Patriot missile interceptors, which he says they’ve run out of. Ukrainian President Volodymyr Zelensky said the Russians launched 35 missiles and 185 attack drones mainly at Kyiv, but also at Dnipro, Sumy, and Kharkiv. “Only one ballistic missile was intercepted, simply because there are no interceptors for the Patriot systems,” he said, demanding more Patriot missiles from the US. The shortage “only encourages Russia to launch…
(AP) — A bomb detonated at a restaurant Saturday in central Moscow killing at least three people, including the bomber, Russian state media said, citing local officials. At least 21 people were also injured when the explosive device detonated at the restaurant on Kudrinskaya Square in Moscow, the National Anti-Terrorism Committee said, quoted by Russian state news agency RIA Novosti. An unidentified woman who attempted to carry the explosive device into the restaurant died in the blast as did a security guard and a patron, the news agency said. Ria Novosti reported the woman attempted to smuggle the bomb into…
The Civil Rights Division of President Trump’s Department of Justice put Maryland’s Montgomery County on notice that there will be action against them if the ban on armed congregants is enforced. Breitbart News reported that the ban was passed by the Montgomery County Council on July 21, 2026, with Bethesda Today noting the control “prevented people from carrying guns in ‘places of public assembly.’” The gun control was enacted on July 27, 2026. Assistant Attorney General for Civil Rights Harmeet Dhillon sent a letter to the Montgomery County Council on July 30, 2026, putting them on notice that action will be taken…
The US president said the outlines of a deal had been agreed that could reopen the Strait of Hormuz and end what he called Iran’s nuclear threat US President Donald Trump has canceled a planned attack on Iran after saying the outlines of an agreement had been reached that could reopen the Strait of Hormuz and address what he described as Tehran’s “nuclear threat.”CBS News reported that the US and Israel had been preparing a major bombing campaign against the Islamic Republic’s energy infrastructure that could begin as early as the weekend. The network said the proposed operation, which it…