FEATURED

Tariff totals Trump 1.0 boosted tariffs from 1.2% to 3.2%. Yesterday, he boosted the average tariff on US imported goods to 24%, higher than the disastrous 1930 Smoot-Hawley Tariff Act, and international trade is proportionally 3x larger than then. The new tariffs are the ratio of our trade deficit in goods with a nation divided…

The Friday File: Last week astronaut Frank Rubio returned to Earth after having spent a US record-breaking 371 days in space. He was to return to Earth in March, but a micrometeorite poked a hole in his Russian-made return ship. So, he stayed in space an extra six months. Talk about a travel delay. The…

While releases from the Strategic Petroleum Reserve totaling 180 million barrels will soon end, the benefits may not. The releases, intended to lower pump prices and which came under political pressure, were sold for an average price of $96.25/bbl. With crude prices now $74.29bbl, the U.S. is up about $4 billion. While the eventual price…

Looking at all World Cup winners from 1962 through 2018, economic analysis suggests winning the WC boosts domestic GDP by at least 0.25% in the two subsequent quarters primarily due to export growth. For example, 1.12 billion people watched the 2018 WC final and that increased exposure boosted global demand for French products. Hosting the…