Nippon Steel, a Japanese company, has offered to buy US Steel for $14.9 billion, yet both President Joe Biden and president-elect Donald Trump strongly oppose the deal. Both men believe it is vital to keep the historic company domestic. But why has America’s steel industry become less competitive? Demand for steel fell 0.4% YoY during […]
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 27.53 points or 0.07% to 39,276.39 • Shanghai decreased 14.16 points or -0.42% to 3,364.65 • Hang Seng decreased 3.86 points or -0.02% to 19,742.46 • ASX 200 decreased 32.60 points or -0.38% to 8,462.60 • SENSEX increased 92.04 points […]
Gone are the days when people queued for hours to receive the latest and greatest COVID vaccine to protect against the new strain of the season. A new poll by Pew Research Center has found that 60% of Americans will probably not take the updated vaccination. There are the diehards who “trust the science,” with […]
South Korean President Yoon Suk Yeol declared an “emergency martial law” on Tuesday without providing clear reasoning. Sources say that Yoon fears impeachment from the opposition party and this declaration is merely a way for him to buy time. “To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and […]
Californians pay a fixed rate for their energy grid, but the state has been harvesting a surplus to the point that operators are forced to offload the energy to neighboring states that purchase it at a discount or even receive it free of cost. Governor Gavin Newsom praised California for advancing its energy storage by […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/11/Biden-Ukraine.mp4 QUESTION: Biden said he would not pardon Hunter, and then he did. Was this not a slap in the face to the Democratic Party that will contribute to its breakup, as you have warned? JM ANSWER: It is worse than you think. This could backfire, for it was not a pardon for Hunter […]
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 735.84 points or 1.91% to 39,248.86 • Shanghai increased 14.82 points or 0.44% to 3,378.81 • Hang Seng increased 196.03 points or 1.00% to 19,746.32 • ASX 200 increased 47.30 points or 0.56% to 8,495.20 • SENSEX increased 587.29 points […]
What began as a special military operation has turned into the start of the next world war, and Russia is paying heavily. Russian President Vladimir Putin passed a new budget over the weekend that will allocate 32.5% of the total budget (13.5 trillion rubles) for FY25 to defense spending, which accounts for 6.2% of total […]
Denver Mayor Mike Johnston has said he would do everything in his power to prevent Trump from deporting migrants. One must question why Johnston is eagerly putting the taxpaying citizens of Denver last. The city may be a sanctuary for illegal trespassers but has become a nightmare for residents. The latest reports reveal that the […]
Kamala Harris’ campaign may very well be remembered as the WORST in election history. Installed but not elected, the Democrat nominee blew through close to $1.5 billion attempting to make Harris relevant. Top political strategist James Carville believes the Harris campaign has done “almost unfathomable damage” to the Democratic Party who will be met with […]
