Reported over the past two years how China’s economy was collapsing. You could feel it and there were many signs of China’s pending economic collapse. Was their response an Act of War? The BBC reported in January that official China figures are out and the news is scary: China’s economy grew last year at the slowest pace […]
Your favorite restaurant may not survive the COVID-19. One of the major shakeups that is coming is the destruction of the restaurant industry, which citing data from the National Restaurant Industry shows that in one month alone, restaurants have lost $25 billion dollars and is threatening trillions in real estate mortgages and commercial property. The […]
By Noah Buhayar, Oshrat Carmiel, Nic Querolo Chuck Sheldon, a landlord and property manager in Albuquerque, New Mexico, has owned apartments for more than half a century. These days, he can barely keep up with all the moving pieces. He’s talking with owners of roughly 1,700 units he manages, who are worried what’s going to […]
Since 2004, when David Chang helped to reconfigure the dining establishment’s ideas about what a great restaurant could be with Manhattan’s Momofuku Noodle Bar, he has opened more than a dozen restaurants around the world; hosted two seasons of his Netflix documentary series, “Ugly Delicious”; started a hit podcast, “The Dave Chang Show”; published the […]
Earlier reported on Zero Hedge in a report titled “the lamps are going out all across the economy”, JPMorgan’s chief US economist, Michael Feroli slashed his Q2 US GDP forecast to a staggering -14%, which he optimistically expects to form the bottom of a V-shaped recovery that then lifts the US economy by +8% and +4% in […]
By Daniel DiMartino It was February 7, 1956 when the Vera Cruz Vessel sailed from the port of Vigo in northern Spain. Among its 800 passengers was my grandfather, Vicente Novo. Like everyone on that ship, he left everything behind in his homeland to pursue his dreams in a more prosperous country. In this land […]
Fortunately for its citizens, but unfortunately for those who think Sweden is still socialist, the Swedish government, more or less by universal consensus, turned sharply back toward capitalism beginning in about 1995. BY MICHAEL MUNGER Josh Billings famously diagnosed a problem with beliefs: “I honestly believe it is better to know nothing than to know what […]
Submitted by Harris Kupperman of Adventures in Capitalism Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country. In my experience, trends in Miami real estate also tend to lead national trends by a few quarters. Therefore, smart guys always watch Miami. Roughly a year […]
by Jim Hoft President Trump yesterday announced that the US will increase tariffs on China and then ordered all US firms to begin seeking alternatives to doing business with China! The Chinese regime is in a lethal position and has only two choices. The regime can either give the US what it wants or perish. […]
Authored by Jake Dima via NationalInterest.org, New York City’s $15 minimum wage, which began to take effect Dec. 31, 2018, was meant to bolster earnings and quality of life, but for a lot of residents, it’s doing the opposite… Democratic New York Gov. Andrew Cuomo signed legislation in 2016 to increase the New York York State’s minimum wage […]
