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CNN BLAMES THE SKY FOR SKYROCKETING FOOD PRICES

When all else fails, blame the weather. A 13 August CNN business story (“Get used to surging food prices: Extreme weather is here to stay”) sought to divert attention away from the obvious, with respect to spiraling food costs. According to the story, a global COVID shutdown egged on by MSM outlets, and inflationary government...

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HOW BIG TECH MAINTAINS ITS MONOPOLY

A handful of Big Tech companies currently control the lion’s share of e-commerce, web advertising, social media, cloud services and more. Everyone knows the players: Amazon, Google, Facebook, Apple, Microsoft and Twitter. They make more the GDP of many countries, escape fair taxation (ie. levels average citizens in many places pay), and manipulate policy debates....

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MARKET OVERVIEW

DOW, S&P EDGE UP TO NEW RECORD CLOSES The Dow Jones Industrial Average and Standard & Poor’s 500 index barely moved on Friday, but scratched out enough of a gain to notch new record closes for both. The Dow tacked on 15.53 points to end the week at 35,515; the S&P nudged up 7.17 to...

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USE ADULT JUDGEMENT FOR HEAVEN’S SAKE!

By Bradley J. Steiner, American Combato A recent news story reported that a woman producing a handgun and leveling it at another woman over a dispute regarding—of all stupid things—the armed woman’s alleged refusal to apologize to the other woman’s 15 year old daughter after bumping into her!  Look, if you bump into someone (or...

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GERMANY’S FACTORY OUTPUT FALLS FOR THIRD STRAIGHT MONTH

Germany’s manufacturing economy turned out 1.3 percent less value in June than in May, bringing its three-month slide to production levels 6.8 percent smaller than in February 2020, the country’s statistics agency reported. Materials shortages and kinks in supply chains caused the drop, the agency said. Short of computer chips, Germany’s vehicle makers shrank output...

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TOURISTS’ ABSENCE CRIPPLES EMERGING MARKET ECONOMIES

For the second consecutive summer, emerging nations are facing an absence of the tourists that have been the lifeblood of their economies, which already are burdened by debt and drained by the cost of fighting the COVID War, the Financial Times reported. In January through May, international arrivals were 85 percent fewer than 2019’s 540...