This will be a somewhat complicated morning – so let’s “chunk it”.ECI FirstLet’s begin with the “employment cost index” which has just been released.The Pitch: ECI is a solid, low-noise gauge of employer labor costs (wages + benefits, composition-adjusted) useful for tracking wage inflation pressure.The Reality: It is not a quality-of-life measure: rising costs feed prices, benefits rarely equal cash value, and it ignores real purchasing power and broader living conditions. Legitimate cost tool, not a truth-teller on how people are actually doing.The Data:Compensation costs for civilian workers increased 0.9 percent, seasonally adjusted, for the 3-month period ending in June…
This article was originally published by Conner McEleney at The Mises Institute. Many progressives, such as Robert Reich and Kyle Kulinski, argue that the economy needs a universal basic income (UBI) to fix it. Their argument stems from the idea that UBI has no serious flaws, that many studies show…
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Key Takeaways Virginia State Police seek to dismiss the gun ban lawsuit Crump v. Katz, arguing lack of standing by the plaintiffs. The motion claims the plaintiffs cannot sue and that the gun ban is constitutional under Virginia law and the Supreme Court’s Heller decision. The law, effective July 1,…
This article was originally published by Mike Adams at Natural News. The Genetic Kill Switch Introduction We are living through the final act of a planned global genocide. According to my research findings, Donald Trump and Anthony Fauci are not adversaries — they are tag-team partners in a depopulation agenda…
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Key Takeaways Montgomery County Executive Marc Elrich signed Expedited Bill 23-26E, updating the county’s firearms ordinance after a court ruling. The new law maintains restrictions on carrying firearms near schools, parks, and other public places, while removing some areas from the restricted list. The bill revises ghost gun provisions, allowing…
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The latest Quinnipiac University poll found that only 32 percent of all registered voters support how president Donald Trump has handled his second term in office. Several factors are influencing the low approval rating, including the high fuel prices caused by the war with Iran. Accoridng to the poll, 58 percent…
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Car manufacturer BMW plans to cut around 8,000 jobs by late 2027. The German auto giant will begin the “voluntary reduction program” by offering buyouts to personnel in research, development, and planning. Factory workers will not be offered a buyout, accoridng to sources. BMW CEO Milan Nedeljkovic is expected to…
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The United States has resumed its bombing of Iran after a “surprise attack” on American forces. US President Donald Trump had warned earlier on Wednesday that Iran was about to face a harsh response, reportedly telling Fox News: “We’re going to beat the f***ing s**t out of them.” The renewed strikes marked…
We want to hand out the gold star for today’s class session to reader JRN who (going from memory) is up in one of the square states. He was asking about the market dump Thursday. “Was (today) the first chapter of a serialized Minsky moment?”Let’s begin by letting off some…
This article was originally published by Mark Thornton at The Mises Institute. I’m not predicting WWIII; I am certainly not calling for WWIII; I’m doing everything in my power to prevent WWIII and illuminate the causes, risks, and general results of future war. We are in a quasi-war with Russia,…
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This article was originally published by Mike Adams at Natural News. The War Is Over — and We Lost Today is a pivot point in the conflict. As of today, I believe the United States has decisively lost the war with Iran, and we are now in a fighting retreat.…
Market first – because it was remarkable.As in remarkably bad.Whether we will do a public post here on Urban will depend on whether we get “glowing reports” about the coming weekend. Because that’s when the world could really take a “smoke break.”To keep things in perspective? It feels less like triumph…
United States Central Command (CENTCOM) has announced that Iran launched a “surprise attack” on Washington’s bases in the Middle East. The US Department of War has not yet identified the targeted facilities, but said that the missiles had been aimed at American forces “based” in the region. The Islamic Revolutionary Guard Corps…
