Inflation

China Records 1st Population Fall in Decades as Births Drop

China’s population shrank for the first time in decades last year as its birthrate plunged, official figures showed Tuesday, adding to pressure on leaders to keep the economy growing despite an aging workforce and at a time of rising tension with the U.S.

Household Wealth Optimism Collapses, Global Survey Shows

Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households.

Republicans Introduce Bill to Defund the World Health Organization

Legislation would "prohibit the United States from providing assessed or voluntary contributions to the WHO."

House Dems, GOP Unify to Block Biden from Selling U.S. Oil Reserves to China

House of Representatives passes legislation banning sale of oil from Strategic Petroleum Reserve to China with bipartisan support.

FAA System Failure Is Everything Wrong With Government and Who Leads It

As RedState reported, hundreds of flights were delayed or canceled early on Wednesday morning because of an FAA system outage, leaving passengers once again stranded and unable to get to their destinations.

Republican House Ends Funding for ‘Army of 87,000 IRS Agents’

Repealing IRS funding in the Inflation Reduction Act saved $70 billion.

Used-Car Prices Record ‘Largest Annualized Decline in Series’ History’

Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks the auction prices of used cars, plunged the most on record in December from a year ago as the auto market cools.

American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter

Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.

Trump’s Tax Returns Show Evil of the Income Tax

The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle.

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