Free Republic

The Dow Jones Industrial Average eclipsed 40,000 points for the first time in its history Thursday as Wall Street cheered slowing inflation and potential for lower interest rates. The iconic stock index was up roughly 111 points shortly before 11 a.m. Thursday, reaching about 40,020 points. The Dow was created in 1895 and includes the 30 most prominent U.S. companies as determined by S&P Dow Jones Indicies. The Dow is up 6 percent since the start of 2024 as investors eagerly await Federal Reserve rate cuts, which could add more fuel to the stock market. While the Fed has held...

The Mirage Hotel and Casino on the Las Vegas Strip, and its instantly recognizable volcano, is soon shutting down after more than three decades in business. The 3,000-room resort will cease operations on July 17 as it undergoes a three-year renovation that wipes away any markings of the Mirage and its tropical theme. Opened in 1989 by casino mogul Steve Wynn, the Mirage ushered in a era of luxe resorts for the Strip and was the first resort to have a sidewalk attraction with its volcano, prompting the Bellagio and Venetian to imitate the Mirage with its dancing fountains and...

3:07 If Democrat-run California wants to force residents into electric vehicles (EVs), Democrat-run California had better start cracking down on crime. Talk about the law of unintended consequences… “Thieves are targeting high-powered Tesla and other EV charging stations and stealing the heavy cable for the copper metal inside,” reports San Francisco’s NBC affiliate. “In Vallejo, someone cut cables from nine charging stations — leaving Tesla drivers in a bind and causing tens of thousands of dollars in damage and repair costs.” “I think this is the second time or third that these have been cut,” a local EV driver added....

Borrowing to pay for college is about to get more expensive: The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the highest in 12 years. The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans since the 2012-13 school year. Graduate students will see an 8.08% interest rate this coming academic year, up from 7.05%. And PLUS loans, which are available to both parents and graduate students, will come with...

Sen. Mitt Romney (R-UT) told MSNBC on Wednesday there was “no question” that the economy under President Joe Biden was “strong” and “doing well.” After MSNBC host Stephanie Ruhle asked Romney during an interview why he was so optimistic about the future of the country, Romney replied, “First of all, America is an extraordinarily resilient country.” He explained, “We just had this extraordinary pandemic, and yet our economy is strong, low levels of unemployment, it’s extraordinary, and it’s not because the president is pulling all the levers in the right way. No, it’s not. It’s because the American people are...

The 7-2 ruling, whose majority opinion was written by Justice Clarence Thomas, a conservative, reversed a decision by the 5th Circuit U.S. Court of Appeals. Three other conservatives, and the court’s three liberal justices, joined in the majority opinion. The court’s two remaining conservative justices, Samuel Alito and Neil Gorsuch, dissented.

A group of radical pro-Palestinian activists took over a building at the University of California Berkeley on Wednesday, just hours after administrators and protesters struck a deal to end a weeks-long “encampment.” The Daily Californian, the UC Berkeley student newspaper, reported: A group of pro-Palestine protesters broke in and took over Anna Head Alumnae Hall on Wednesday afternoon. The protesters — gathering in a group of about 30 by 3:15 p.m. — hung up the Palestinian flag as well as boards reading “Free Gaza” and “Avenge Al Shifa.” [Al-Shifa is a hospital in Gaza that was taken over by terrorists,...

The US is "rushing ammunition, armoured vehicles, missiles [and] air defences" to Ukraine's front line, Anthony Blinken has said.During a trip to Ukraine, the US secretary of state announced that $2bn would be spent to speed up delivery. His comments came as Russian advances forced Ukrainian to retreat from several villages in the Kharkiv region. Ukraine's President Volodymyr Zelensky has cancelled all his foreign trips to concentrate on the new incursion. Speaking in Kyiv on Wednesday, Mr Blinken said weapons would be rushed to the front lines to "protect soldier, to protect citizens". He said that the air defence systems,...

After a federal judge dismissed a landmark climate lawsuit filed by 18 California children against the U.S. Environmental Protection Agency, the youth plaintiffs plan to amend and resubmit their allegations, their attorneys say. The children — who have lost homes in wildfires, suffered health problems from breathing polluted air, missed weeks of education due to climate change-related school closures and been forced to ration tap water due to unprecedented droughts — sued the EPA for allegedly violating their constitutional rights by allowing pollution from burning fossil fuels to continue despite knowing the harm it poses to kids. Judge Michael Fitzgerald...

Steve Moore, from the Committee to Unleash Prosperity, a free market think tank, says Democrats were to blame for refusing 'to mandate work for welfare.' They 'view food stamps as an economic stimulus and/or virtuous income redistribution,' he said. Meanwhile, the scheme is increasingly targeted by fraudsters. A New York Times investigation spotlighted the scammers who use illegally installed skimming machines to lift payment card data from beneficiaries who swipe their SNAP cards through the devices in stores or at ATMs. Skimming cons picked up in 2022, and that the federal government has spent at least $30 million reimbursing stolen...

What Is Happening? Another Barge Hit Another Bridge Causing a Partial Collapse in Galveston VIDEO AT LINK.................

The city Buildings Department has eliminated a quarter of its budgeted workforce since 2022 — and many of the jobs were held by inspectors who are supposed to identify issues with structures before a potential collapse. The troubling revelation surfaced Tuesday during a meeting of the City Council’s Committee on Housing and Buildings — and panel Chairwoman Pierina Ana Sanchez said data shows that the DOB is falling behind in identifying problematic buildings as the number of inspectors falls. “We see the impact,’’ she said. In the first four months of this year, the DOB issued 2,225 stop-work orders —...

The Los Angeles City Council on Tuesday confirmed the hiring of a longtime PG&E executive to head the Department of Water and Power at an annual salary of $750,000 - a sharp increase from her predecessor. Janisse Quiñones replaces current general manager Martin Adams, who is retiring. He was paid a salary of $435,000.

The Peruvian government has officially classified transgender, nonbinary and intersex people as “mentally ill.” The controversial decision was made to ensure the country’s public health services could “guarantee full coverage of medical attention for mental health” for the trans community, the Peruvian health ministry explained, according to the Telegraph. The decree will supposedly alter the language in the Essentials Health Insurance Plan to reflect that trans and intersex people have a mental disorder, LGBTQ+ outlet Pink News reported. Despite the change, trans and other LGBTQ+ people will not be forced to undergo conversion therapies, the health ministry insisted in a...

President Joe Biden suggested Tuesday it is false that his administration is restricting consumer choice in the automobile market, but his administration recently finalized a rule that will force electric vehicles (EVs) to make up a much larger share of overall auto sales over the next decade. Biden made the remark during a Tuesday speech about his administration’s decision to significantly bolster tariffs against Chinese products including steel, semiconductor chips and EV batteries. The Environmental Protection Agency (EPA) finalized a rule in March that requires manufacturers to make EVs constitute between 35% and 56% of new cars sold in 2032,...

An Upper East Side kosher restaurant was targeted by vandals early Wednesday. Rothschild TLV on Lexington Avenue had its front window smashed overnight — leaving a gaping hole, images posted on X show. The upscale eatery is inspired by Rothschild Boulevard in Tel Aviv, according to the restaurant’s website. The NYPD did not immediately respond to a request for information from The Post.

On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar’s value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation. Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50 percent. It feels like every daily convenience — from a turkey sandwich to some handyman help...

Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According the new report, issued by the bank’s Center for Microeconomic Data, household debt rose by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to $17.69 trillion. “In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups,” Joelle Scally, regional economic principal within the household and public policy research division at the bank, said in a statement....

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment. Advertisement The index for shelter rose in April, as did the index for gasoline. Combined, these two indexes contributed over seventy percent of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home...

California Gov. Gavin Newsom (D) has turned to climate change to explain how the state went from a $100 billion surplus two years ago to a $28 billion deficit, which would have been even higher prior to drastic actions last month. As CalMatters noted, deficit estimates ranged from $38 billion to $73 billion: That prompted Newsom and the Legislature to take “early action” last month to reduce the deficit by more than $17 billion ahead of the regular budget process. Their plan included some program cuts, but mostly relied on new revenue, internal borrowing and funding delays and shifts for...