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When the economy is going well, people buy a lot on credit and keep current with their credit card debt. When the economy stinks, people still buy a lot on credit but fall behind in their payments. By that measurement, we're in a lot of trouble. The Federal Reserve Bank of Philadelphia published a study showing that the rate of credit card delinquencies — 30, 60, and 90 days past due — rose to a level not seen since 2012. And it gets worse. "Fourth quarter 2023 featured the worst card performance in the series," the report said. "All stages...

Ford will need to build two fully electric F150s for every gas-powered F150. By 2032, the company will need to build four electric F150s for every gas-powered F150. The Environmental Protection Agency has released its final tailpipe emissions standards, which some have called an electric vehicle mandate. “Make no mistake: This is a coerced phase-out of gas-powered cars,” the Wall Steet Journal editorial board recently opined on the final rules. The 1,181-page rule doesn’t require auto manufacturers to produce any electric vehicles, and the EPA insists the rule is not an EV mandate. “The standards continue the technology-neutral and performance-based...

‘Historic progress’ on electric cars may turn into a historic rout in swing states. This week’s Environmental Protection Agency tailpipe rule amounts to an imminent ban on gasoline-powered cars Who else approves? The White House will point to a cheerleading automotive industry, but peek behind the pom-poms and you see an administration with a gun to carmakers’ heads... “They’re coming for your truck.” An energy trade group has already been up with ads making that point in swing states, calling on Americans to reject Biden’s “EPA car ban.” Today’s Democratic Party is entirely dedicated to the proposition that all Americans...

The Biden administration announced hundreds of millions of dollars in federal funding to upgrade energy codes nationwide that conform with strict energy efficiency standards, a move experts said is tantamount to a backdoor natural gas ban. The Department of Energy (DOE) said it will begin accepting applications for a total of $530 million in technical assistance competitive grants for local residential and commercial building code upgrades as part of its implementation of the Inflation Reduction Act (IRA). According to DOE, adoption of the latest model energy codes, zero energy codes and building performance standards would lead to widespread emissions reductions....

President Joe Biden took major action ahead of the holiday and pardoned all Americans arrested, prosecuted, or convicted on federal charges for marijuana use, following through on his 2020 campaign promise to expunge cannabis use offenses. Biden signed a proclamation Friday that forgives U.S. citizens and lawful permanent residents caught by law enforcement for possessing the drug and charged, going far beyond the sweeping actions he took last year for thousands of people convicted of possession. The new action includes "additional offenses of simple possession and use of marijuana under federal and D.C. law," the White House said in a...

New York state is ditching the terms “feminine hygiene products” and “sanitary napkins” in favor of more inclusive language, according to Gov. Kathy Hochul. Hochul this month signed into law the Health Equity and Opportunity legislative package, which replaces all instances and variations of the phrases in correction law, public health law and tax law, with gender non-specific terminology like “menstrual products and pads.” Additionally, the legislative package requires free menstrual products be provided to students in private middle and high schools; requires cosmetologists to receive training in all hair types and patterns, including natural hair types; and designates March...

The White House on Monday said businesses should move forward with President Joe Biden’s vaccine and testing requirements for private businesses, despite a federal appeals court ordering a temporary halt to the rules. “People should not wait,” White House Deputy Press Secretary Karine Jean-Pierre told reporters during a briefing. “They should continue to move forward and make sure they’re getting their workplace vaccinated.” The U.S. Court of Appeals for the 5th Circuit, considered one of the most conservative appellate courts in the country, halted the requirements Saturday pending review, writing that “the petitions give cause to believe there are grave...

Well, it seems the media's horrific campaign of inaccuracy hasn't stopped. According to Reuters, for the first time in nearly a century, The New York Times editorial board took their plea for gun bans to the front page on Saturday, calling our nation's inaction on gun control a "moral outrage and a national disgrace." No, we shouldn't be surprised that they decided to follow the likes of the Washington Post and the Los Angeles Times with their own inane call to arms for gun control. And we shouldn't be shocked that they want policies that employ confiscatory measures, while also banning...

A VILLAGE council in India has issued a Taliban-like diktat banning women under the age of 40 from falling in love, using mobile phones or going out in public unescorted. The “fiat” issued by the Asara village council in Baghpat district of Uttar Pradesh province, 40km northeast of the capital New Delhi, has outraged women’s rights activists across India. It also requires women to cover their heads while away from their homes. Anyone defying the order would be ostracised and then expelled from the village, council member Mohammad Mokam said yesterday. He added there were “other ways” to make the...

Osama bin Laden issues European diktat Last Updated: 2:54am GMT 30/11/2007 Osama bin Laden: responsible for the September 11 attacks Osama bin Laden last night urged European countries to leave Afghanistan and reiterated that he had presided over the September 11 attacks. In a new audio recording aired last night, the leader of al-Qa'eda said the US had "insisted on invading" Afghanistan even though it knew that the Afghans were not behind the attacks, and that "Europe walked behind it". "The American tide is ebbing," he said in a message addressed to the European public. "It is better for you...