The new Levi's Stadium could turn out to be the biggest municipal financing catastrophe in history.
The Kremlin and the Communist Chinese regime, through their state-controlled “companies,” have been signing major deals with each other that analysts say will contribute to the acceleration of the U.S. dollar losing its status as the global reserve currency. Two agreements in recent weeks deserve special attention: a $400 billion Sino-Russo energy contract, and a separate deal between two of Russia and China’s largest financial institutions to bypass the dollar in favor of domestic currencies. The geopolitical implications of the fast-moving trends are monumental — especially for the United States, where the end of dollar hegemony will lead to potentially unprecedented economic upheaval.
Organizations representing the milk and dairy industry have threatened to pull their support for the Trans-Pacific Partnership unless Canada and Japan agree to import U.S. dairy products.
Ride-sharing apps such as Lyft and Uber illustrate the unexpected and welcome benefits the free market provides when it is left alone.
The federal government is building a National Mortgage Database that will contain vast amounts of highly personal information on individual Americans.
Freedom has suffered another blow, this time in Michigan, which has just raised its minimum wage along with its unemployment rate.