Economic

Biden Giving U.S. Oil from Strategic Reserve to Europe

President Joe Biden promised that oil from the Strategic Petroleum Reserve would curb record-high gas prices. But some of that oil is now going to Europe.

Federal Reserve May Raise Interest Rate by 75 Points, Says Official

The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away.

Even More Illegal Migrants Expected in 2022, Record 2.1 Million

Having already set a record for illegal border crossings in 2021, the Biden administration is expected to invite even more to cross this year, setting up a bigger crisis along the Mexican border with Texas, Arizona, and California, according to a new analysis.

Elon Musk, Net Worth of $255 Billion, Says He Doesn’t Own a Home and Bounces Between Friends’ Spare Rooms

Elon Musk seems to personify a different way of thinking, and a recent revelation about his living arrangements seems to underscore that.

Biggest Money Manager BlackRock Expects 75% of Company and Govt. Assets to Be Net Zero-Aligned by 2030

"Our clients' portfolios—which reflect the global economy—cannot reach net zero without sustained and consistent government policy, accelerated technological breakthroughs, and substantial adaptation in corporate business models," says BlackRock.

23 Possible Terrorists Apprehended Illegally Crossing U.S.-Mexico Border in 2021

In 2021, there were at least 23 illegal border crossers whose identities flagged in the United States' Terrorist Screening Database that archives known or suspected terrorists according to a FOIA request filed by Fox News' Bill Melugin.

Russia Intensifies Battle for Control of Eastern Ukraine

Russia ratcheted up its battle for control of Ukraine’s eastern industrial heartland, intensifying assaults on cities and towns along a front hundreds of miles long in what officials on both sides described as a new phase of the war.

SCOTUS Rejects Attempt by Blue States to Get Tax Cuts for the Rich

The U.S. Supreme Court on Monday rejected an attempt by Democratic-led states to get a massive tax cut for the rich.

Blame Powell, Not Putin or ‘Greedy’ Corporations, for Price Hikes

The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures.

Situation in Russian Economy, Ruble’s Exchange Rate Stabilizing, Says Putin

The situation in the Russian economy is stabilizing, while the ruble’s exchange rate is returning to the levels of early February, President Vladimir Putin said at a meeting on economic issues on Monday.

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