Author: Press Room

Eric Adams, mayor of New York City/Stephanie Keith/Bloomberg The Biden Department of Justice is not letting up on New York Mayor Eric Adams. According to Politico, federal prosecutors said in a recent court filing that Adams engaged in crimes beyond the bribery charges he is already facing. “Although the indictment and discovery provide Adams with more than sufficient information as to his alleged co-conspirators and aiders and abettors, law enforcement has continued to identify additional individuals involved in Adams’s conduct, and to uncover additional criminal conduct by Adams,” Edward Kim, the acting U.S. Attorney for the Southern District in New…

China’s New Energy Law could upend many macroeconomic calculations and investments in mainland … [+] China.getty On January 1st, 2025, China implemented for the first time a comprehensive national energy law. China’s energy law represents a massive drive to overhaul China’s macroeconomic orientation and regiment a previously free-flowing ad-hoc energy market. Using the law’s many stipulations, China endeavors to increase domestic consumption of goods previously exported, decrease the importance of lower-tech and low-value-added exports, prioritize high-tech exports, incentivize energy innovation, and push investments into new locales. This law is a consummate, albeit underappreciated, piece of modern Chinese economic policy. The…

A majority of U.S. parents support “reducing the size and influence of the U.S. Department of Education,” according to polling released on Monday by Parents Defending Education (PDE).  PDE, which describes itself as a grassroots organization “working to reclaim our schools from activists imposing harmful agendas,” found that 52 percent of parents back scaling back the Department of Education. Forty-five percent oppose doing so, while three percent are unsure.  Republican parents (67 percent) and independent parents (53 percent) are more likely than Democrat parents (29 percent) to support reducing the size and influence of the department, the survey found. By ethnicity,…

WASHINGTON (AP) — A record 24 million people have signed up for insurance coverage through the Affordable Care Act, former President Barack Obama’s landmark health legislation, as the program awaits an uncertain future under a Republican-controlled White House and Congress.Never have so many people enrolled in health care coverage through the government marketplace, a point of pride for many Democrats but a red flag to some Republicans.President Joe Biden has pushed an expansion of the program, signing into law billions of dollars in tax credits that expanded who qualified for the health insurance and lowered its cost. Millions of additional…

Editor’s note: In addition to his work at The Dispatch, Kevin D. Williamson is a writer in residence at the Competitive Enterprise Institute, in which capacity he has written about a number of subjects, including climate policy and regulation, for a number of publications. This series on the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) and firearms regulation is part of that work. Today’s installment looks at how the ATF’s political motivations shape its rulemaking.Part 1: What the ATF Does—and What It Doesn’t DoPart 2: The ATF Is a Tax CollectorConsider the saga of the forearm brace, a footlong…

Authored by Lance Roberts via RealInvestmentAdvice.com,“Curb Your Enthusiasm,” which ran its series finale last year, starred Larry David as an over-the-top version of himself in a comedy series that showed how seemingly trivial details of day-to-day life can precipitate a catastrophic chain of events. The show never failed to deliver a laugh but also reminded me that unexpected events can derail the most certain of outcomes.As we enter 2025, the financial markets are optimistic. That optimism is fueled by strong market performance over the last two years and analyst’s projections for continued growth. However, as “Curb Your Enthusiasm” often demonstrates,…

Joe Biden, The White House, Wikimedia Commons Joe Biden will be remembered as one of the worst presidents in American history, according to the latest Gallup poll. While Biden and the White House seek to rewrite his legacy as someone who improved the lives of Americans and people worldwide, the American public clearly feels differently. A majority of Americans—54 percent—believe Joe Biden will be remembered as a “below average” (37 percent) or “poor” (17 percent) president. In contrast, only 19 percent think he will be seen as “outstanding” (6 percent) or “above average” (13 percent). Meanwhile, 26 percent say he…

Topline Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, but surprisingly reversed quickly to a significant daily loss, headlining a surprise stark selloff across technology stocks. Nvidia CEO Jensen Huang speaks at CES on Monday night. AFP via Getty Images Key Facts Nvidia stock rallied as much as 2.5% to a new intraday all-time high of $153 shortly after market open, coming on the heels of Huang’s Monday evening keynote at the CES 2025 conference, before turning negative as trading progressed amid a broader technology stock selloff. Nvidia fell more…

Martin Armstrong, Armstrong Economics Home sales in the US rose to a four-year high after rising 12.1% YoY, according to a new Redfin report. As I stated, we are entered a buyer’s market in May of 2024 in line with the ECM. Gone are the days of bidding wars and skipped inspections. Home inventory has picked up significantly but we are seeing those homes sitting on the market far longer as people simply cannot afford to buy.Nearly 55% of listed homes have been on the market for over 60 days, a 49.9% increase from last year. The average home takes 43 days…

Brexit leader Nigel Farage has confirmed that he will attend the inauguration of President-elect Donald Trump this month and will seek to mend ties with fellow Trump ally Elon Musk. Donald Trump’s longest international supporter and ally, Nigel Farage, said Tuesday that he plans to attend the inauguration on January 20th and is set to stay in Washington D.C. for around “four or five days”. Speaking to LBC radio, the Reform party leader said that his recent spat with X owner Elon Musk would not affect his longstanding friendship with the incoming president. “I’ve been a friend of Donald Trump’s…