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The obvious answer to the question of why the United States runs a trade deficit is that its export sales have not kept up with its demand for imports. A less obvious answer is that the imbalance reflects a macroeconomic phenomenon. Using national accounting, one can show deficits are also due to a persistent shortfall in domestic saving that requires funds from abroad to finance domestic investment spending. Reducing the trade imbalance therefore requires both more exports relative to imports and a narrowing of the gap between saving and investment spending. Grounded by Accounting To give some intuition for why...

20 May 2025 Tuesday of the 5th week of Eastertide San Bernardino de Siena in Contla de Juan Cuamatzi, Tlaxcala, MexicoReadings at MassLiturgical Colour: White. Year: C(I).First readingActs 14:19-28They gave an account of how God had opened the door of faith to the pagansSome Jews arrived from Antioch and Iconium, and turned the people against the apostles. They stoned Paul and dragged him outside the town, thinking he was dead. The disciples came crowding round him but, as they did so, he stood up and went back to the town. The next day he and Barnabas went off to...

The Conservative Party has sunk to its lowest ever poll rating recorded by one of Britain’s most reputable pollsters. A YouGov poll carried out on May 18 and 19 found the Tories are now in fourth place and polling at just 16 per cent, which the company said was a historic low. It comes after the Conservatives lost every single council they were defending at this month’s local elections and as Reform UK continues to surge. The Tories are in fourth position for the first time since June 2019, which was at the height of the Brexit deadlock and shortly...

Russian and US leaders Vladimir Putin and Donald Trump have discussed a direct contact between Putin and Volodymyr Zelenskyy among other topics, Kremlin Spokesman Dmitry Peskov told reporters, APA reports citing TASS. "Certainly, the parties touched upon the issue of direct contact and the topic of continuing consultations between Russia and Ukraine," he said when asked whether the leaders discussed any potential high-level talks. Peskov noted that communication between Moscow and Kyiv has been reestablished and is currently ongoing. "Russians and Ukrainians are now engaged in dialogue," he said. "These contacts have been revived, which is quite important at this...

BRUSSELS (AP) — The European Union on Tuesday agreed fresh sanctions to impose on Russia, notably targeting almost 200 ships from the shadow fleet illicitly transporting oil to skirt Western restrictions imposed over the war on Ukraine. The 27-nation bloc targeted 189 ships in all, and imposed asset freezes and travel bans on several officials as well as on a number of Russian companies. The measures were endorsed by EU foreign ministers in Brussels. EU foreign policy chief Kaja Kallas said that while President Vladimir “Putin feigns interest in peace, more sanctions are in the works. Russia’s actions and those...

How dare school teachers introduce indisputable information and ask students to draw their own conclusions! How dare public school teachers introduce hard, indisputable facts, and ask students to draw their own conclusions? Don’t they know that public schools are institutions meant to be used for the proliferation of progressivism? The teachers’ unions and leftist activists have worked so hard to eliminate silly and outdated things like arithmetic, civics, and rhetoric, replacing them with curricula like critical race theory, gender studies, and socialism—and now, Oklahoma is undoing the entire structure they’ve spent decades assembling. Under state superintendent Ryan Walters, Oklahoma is...

Section 1 of the bill creates the "Kelly Loving Act". Section 2 provides that, when making child custody decisions and determining the best interests of a child for purposes of parenting time, a court shall consider deadnaming, misgendering, or threatening to publish material related to an individual's gender-affirming health-care services as types of coercive control. A court shall consider reports of coercive control when determining the allocation of parental responsibilities in accordance with the best interests of the child. Section 3 prohibits a Colorado court from applying or giving any force or effect to another state's law that authorizes a...

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Failed Democratic presidential candidate Hillary Clinton continues to show off her vile personality.As The Daily Caller’s Jason Cohen said, Hillary has not learned anything from her “basket of deplorables” comment.Cohen unearthed remarks Clinton delivered on May 1, which included bashing non-Democrat females and the traditional values most of us hold dear to our hearts.Handmaiden Watch a new show, for crying out loud!You’re despicable, Hillary.You want to talk about being a handmaiden to the patriarchy? Your party promotes and cheers on any male who invades female spaces, sports, roles, and jobs. You can shove it:INTERVIEWER: What advice do you have for...

The reaction of the American left and its adjacent black political class to the arrival of 59 white refugees fleeing de facto genocide in South Africa, combined with ever-accelerating racist rhetoric and demands from America’s black population has further exposed the depth of anti-white racism in the United States and accelerated race fatigue among the vast majority of the American population. ... These openly racist comments are not surprising, given that there is among the black political class a constant and endless drumbeat of anti-white rhetoric from virtually every black member of Congress, state legislators, mayors, and many of those...

At this site, when I have written about countries and states seeking to be among the leaders in eliminating fossil fuels from their electricity supply, I have generally focused on the larger jurisdictions, like Germany and the UK in Europe, and California and New York in the U.S. But there is one much smaller country that puts all of those bigger ones to shame: Denmark. With a population of only about 6 million, Denmark has pushed the “renewable” electricity generation thing well beyond what others have been able to accomplish. According to its official statistics, in 2024 Denmark got some...

What had been hailed as a potentially Hall of Fame career was cut short at the start of just its second season, as WNBA superstar Caitlin Clark was indicted for murder after fouling Angel Reese. The incident occurred during a game between the Indiana Fever and the Chicago Sky, with Clark, who has been violently and mercilessly fouled an estimated eight trillion times in the past year, fouling Reese. Although Reese survived and was unharmed, it was announced immediately following the game that Clark had been indicted for her murder. "The game of basketball is no place for this level...

Palmer Luckey's Anduril just gave the world an inside glimpse of its new project for the US Air Force — an uncrewed fighter jet that teams up with piloted aircraft. The military startup was featured on Sunday in a CBS 60 Minutes segment, during which a few clips showed Anduril's Fury drone being assembled in a hangar or warehouse. It's not the first time the drone was shown to the public — the Air Force unveiled a test representative model on May 1. But the TV segment reveals a few more details about the drone's make. In one clip, two...

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mysterious Lord: the silent hidden God mercy and refuge lodge inside the shadows of His wings My friend, anglo-catholic Anglican bishop David Farrer, describes George Pell’s prison journals as “remarkably uplifting” and said he is grateful for the way they help us to pray. Above is a prayer which I have shaped today from words of the Cardinal about mass in the May 20, 2019 entry to the journal and from the words of Psalm 57 which he quotes in that entry. Lest We Forget: Cardinal George Pell, a truly great man of God, thrown to the lions by a...

The far-right anti-Islam activist Stephen Yaxley-Lennon, also known as Tommy Robinson, is due to be released from prison four months early. His 18-month sentence for contempt of court was reduced after a hearing at the High Court on Tuesday. Yaxley-Lennon was jailed last October because he ignored an order not to repeat false allegations about a Syrian refugee who successfully sued him for libel. His lawyers told the court he had since shown a "commitment" to comply with the order. Mr Justice Johnson granted the application to have the sentence reduced because Yaxley-Lennon had shown a "change in attitude" since...

A UFO that struck and damaged a US fighter jet is just one of a swarm of mystery objects buzzing around Air Force training ranges in Arizona, according to multiple reports. One of the unidentified flying objects hit the clear bubble “canopy” over the head of a pilot in a $63 million F-16 Viper jet in January 2023, damaging it and temporarily grounding the plane, according to Federal Aviation Administration documents first reported by the War Zone. The military jet was struck midair by “an orange-white UAS,” or “uncrewed aerial system,” the FAA documents said. The term refers to drones....

AOC benefits from financial disclosure 'loophole' by remaining unmarried to fiancé, watchdog says.. Look closely and you'll see: Something is missing from Rep. Alexandria Ocasio-Cortez's (D., N.Y.) ring finger. Ocasio-Cortez hasn’t been pictured wearing her engagement ring since November 2023, according to an extensive Washington Free Beacon review of Getty and Associated Press images, as well as the lawmaker’s social media posts and public appearances. The ring’s 17-month absence, which has gone unnoticed in the press until now, raises questions about the status of her betrothal to her low-profile fiancé, web developer Riley Roberts, who proposed to Ocasio-Cortez during a...

A California high school female athlete didn’t let coming in second to a male-born transgender competitor prevent her from standing in the top spot on the podium during placement at a state track and field meet. Reese Hogan, 16, was crowned second place in the triple jump at the CIF Southern Section Finals on Saturday — despite setting a new personal record for herself and the Crean Lutheran High School at 37 feet, 2 inches. Standing in first place, junior trans athlete AB Hernandez of Jurupa Valley, who won titles in the girls’ long jump and triple jump, posed with...

Among Democrats on Capitol Hill, Senate Minority Leader Chuck Schumer wields far more power than New York Rep. Alexandria Ocasio-Cortez and Vermont Sen. Bernie Sanders. But the progressive champions have the hearts of Democratic voters across the country. About three-quarters of Democrats have a “somewhat” or “very” favorable view of Sanders, while about half have a favorable view of Ocasio-Cortez, according to a recent survey from the AP-NORC Center for Public Affairs Research. Compare them with Schumer, an establishment Democrat, who is viewed favorably by only about a third of Democrats. Nearly the entire difference in favorability ratings between Sanders...