During his State of the Union Address, President Biden blamed high U.S. energy prices on greedy oil companies despite as former presidential candidate Biden having virtually pledged to put them out of business. During a Democratic primary debate with Sen. Bernie Sanders, Biden said, “No more subsidies for the fossil fuel industry. No more drilling […]
Arizona Gov. Katie Hobbs vetoed a Republican-backed budget on Thursday afternoon. The budget was similar to the bipartisan budget signed by former Republican Gov. Doug Ducey last year. “Unfortunately, despite my call to take on these difficult choices and protect our state’s future, the budget approved by a slim, partisan majority in the Legislature takes […]
Prices of Existing Homes Fall 13% from Peak, on Lowest Sales since 2010 The market is still frozen, potential sellers sit on vacant properties, hoping this too shall pass. Cash Buyers, investors, and second-home buyers pull back further. In terms of closed sales, December and January usually mark the low point of the year for […]
https://pricklypear.news/wp-content/uploads/houseforsale.jpg339509Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-02-27 00:30:522023-02-25 06:03:49Mortgage Rates Near 7% for Spring Selling Season
The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP). Denying this reality, Nobel Prize-winning economist Paul Krugman recently wrote two columns for the New York Times in which he claimed that […]
https://pricklypear.news/wp-content/uploads/iStock-1133458967-scaled.jpg17022560James D. Agrestihttps://pricklypear.news/wp-content/uploads/logo_2023.pngJames D. Agresti2023-02-27 00:29:322023-02-25 06:38:04Krugman’s Accounting of the National Debt is Jailworthy
The title “The Godly Path to Adam Smith’s Liberal Plan” refers to Smith’s politics. He put it this way: “allowing every man to pursue his own interest his own way, upon the liberal plan of equality, liberty and justice.” My topic is the Godly path. When does it begin? One answer is with what is told of […]
https://pricklypear.news/wp-content/uploads/iStock-477659927-scaled.jpg18792560Daniel B. Kleinhttps://pricklypear.news/wp-content/uploads/logo_2023.pngDaniel B. Klein2023-02-25 00:32:542023-02-24 10:54:00Weekend Read: Adam Smith’s Liberal Path
Americans are so detached from the products we buy in a grocery store we have little clue why they cost what they do. We recently toured a cheese manufacturing plant outside of Venice, Italy. We saw the trucks roll up to the factory with the milk that is used to make 100 million pounds of […]
https://pricklypear.news/wp-content/uploads/iStock-1391025961-scaled.jpg17072560Bruce Bialoskyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBruce Bialosky2023-02-25 00:28:542023-02-24 07:42:06Why Does Everything Cost So Much?
Is China helping Russia in its invasion of Ukraine? If so, what does that mean for the conflict? Secretary of State Blinken suggested that China is supplying Russia with “non-lethal” aid during a recent trip to Turkey. This statement came just before a “secret” trip to Ukraine by President Biden, which was only a secret […]
https://pricklypear.news/wp-content/uploads/iStock-934301722-scaled.jpg17072560Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-02-23 05:38:192023-02-23 05:38:20If China is Helping Russia, What Do We Do?
The United States is bumping up against the debt ceiling once again. The Treasury department has begun taking extraordinary measures to ensure it can continue to service its debts on time. Secretary Yellen has said these measures should be sufficient until June. Some project they might work until August. Many pundits act as if there […]
Legislation that would scrap the rent tax in municipalities has made its way out of the Arizona Senate. Senate Bill 1184, is sponsored by Sen. Steve Kaiser, R-Phoenix. He described it as a way to save taxpayers money on top of already increasing rent costs in the region. “When I think about my constituents waking […]
Charging at home is a favored feature of electric vehicles (EVs). But public charging stations are needed for long trips and to maximize market penetration of EVs. However, it’s unlikely that charging fees can cover the capital and operating costs of public chargers or make money for investors. According to Kelly Blue Book, Americans purchased […]
No Current, Viable Alternative to Fossil Fuels
/in Economy, Environment, Featured, Latest News, National Security, Politics/by Larry BellDuring his State of the Union Address, President Biden blamed high U.S. energy prices on greedy oil companies despite as former presidential candidate Biden having virtually pledged to put them out of business. During a Democratic primary debate with Sen. Bernie Sanders, Biden said, “No more subsidies for the fossil fuel industry. No more drilling […]
Hobbs Vetoes GOP-Sponsored Spending Package Mirroring Current Bipartisan Budget
/in Arizona News, Economy, Featured, Latest News, Politics/by Cameron ArcandArizona Gov. Katie Hobbs vetoed a Republican-backed budget on Thursday afternoon. The budget was similar to the bipartisan budget signed by former Republican Gov. Doug Ducey last year. “Unfortunately, despite my call to take on these difficult choices and protect our state’s future, the budget approved by a slim, partisan majority in the Legislature takes […]
Mortgage Rates Near 7% for Spring Selling Season
/in Economy, Featured, Personal Finance/by Wolf RichterPrices of Existing Homes Fall 13% from Peak, on Lowest Sales since 2010 The market is still frozen, potential sellers sit on vacant properties, hoping this too shall pass. Cash Buyers, investors, and second-home buyers pull back further. In terms of closed sales, December and January usually mark the low point of the year for […]
Krugman’s Accounting of the National Debt is Jailworthy
/in Economy, Featured, Healthcare, Latest News, National Security, Politics/by James D. AgrestiThe national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP). Denying this reality, Nobel Prize-winning economist Paul Krugman recently wrote two columns for the New York Times in which he claimed that […]
Weekend Read: Adam Smith’s Liberal Path
/in Culture War, Economy, Featured, Latest News, Liberty/by Daniel B. KleinThe title “The Godly Path to Adam Smith’s Liberal Plan” refers to Smith’s politics. He put it this way: “allowing every man to pursue his own interest his own way, upon the liberal plan of equality, liberty and justice.” My topic is the Godly path. When does it begin? One answer is with what is told of […]
Why Does Everything Cost So Much?
/in Economy, Liberty, Personal Finance, Politics/by Bruce BialoskyAmericans are so detached from the products we buy in a grocery store we have little clue why they cost what they do. We recently toured a cheese manufacturing plant outside of Venice, Italy. We saw the trucks roll up to the factory with the milk that is used to make 100 million pounds of […]
If China is Helping Russia, What Do We Do?
/in Economy, Featured, Latest News, Liberty, National Security, Politics/by Neland NobelIs China helping Russia in its invasion of Ukraine? If so, what does that mean for the conflict? Secretary of State Blinken suggested that China is supplying Russia with “non-lethal” aid during a recent trip to Turkey. This statement came just before a “secret” trip to Ukraine by President Biden, which was only a secret […]
Is the Debt Ceiling Lunacy?
/in Economy, Featured, Latest News, Politics/by William LutherThe United States is bumping up against the debt ceiling once again. The Treasury department has begun taking extraordinary measures to ensure it can continue to service its debts on time. Secretary Yellen has said these measures should be sufficient until June. Some project they might work until August. Many pundits act as if there […]
Arizona Lawmakers Closer to Banning Local Renters tax
/in Arizona News, Economy, Featured, Latest News, Personal Finance, Politics/by Cameron ArcandLegislation that would scrap the rent tax in municipalities has made its way out of the Arizona Senate. Senate Bill 1184, is sponsored by Sen. Steve Kaiser, R-Phoenix. He described it as a way to save taxpayers money on top of already increasing rent costs in the region. “When I think about my constituents waking […]
Are Electric Vehicle Charging Stations Really Worth Taxpayer Money?
/in Economy, Environment, Featured, Latest News/by Steve GorehamCharging at home is a favored feature of electric vehicles (EVs). But public charging stations are needed for long trips and to maximize market penetration of EVs. However, it’s unlikely that charging fees can cover the capital and operating costs of public chargers or make money for investors. According to Kelly Blue Book, Americans purchased […]