A law designed to force gig-economy companies like Uber, Lyft and DoorDash to accept workers as employees is also having a profound impact on the trucking industry. AB5 was intended to give transport workers more workplace protections, but for truckers who own and operate their own rigs, they said...
Housing-Affordability Index Drops to Lowest Level Since 2006
Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking prices. The National Association of Realtors’ housing-affordability index fell to 102.5 in May, the association said...
Larry Summers Doubles Down, Says Steep Joblessness Needed to Beat Inflation
Former U.S. Treasury Secretary Larry Summers is defending his comments from last month in which he claimed that millions of Americans may need to lose their jobs in order for inflation to come under control. Summers, who has emerged as a chief critic of the Biden administration’s economic policies, told the London School...
Recession Has Arrived: Depth And Duration Dependent On The Fed
The media, including some in the economics profession, have concluded that the “economy is strong” and there won’t be a recession, all based on a single number from Friday’s Payroll Survey. But nearly every measure of employment shows a weakening trend, meaning the recession has already arrived. The only...
Most Democrats Don’t Want Biden in 2024, New Poll Shows
President Biden is facing an alarming level of doubt from inside his own party, with 64 percent of Democratic voters saying they would prefer a new standard-bearer in the 2024 presidential campaign, according to a New York Times/Siena College poll, as voters nationwide have soured on his leadership, giving...
Will Judge Allow Fresno Zoo Captivity Case to Go Forward?
The Nonhuman Rights Project is asking a judge to order the Fresno Chaffee Zoo to explain why it is “illegally imprisoning” three elephants at its Roeding Park attraction. The radical notion the group's lawyers are putting forward is that the three elephants are entitled to habeas corpus rights, which...
Ex-Fresno State Cavinder Twins Nearing $2 Million In NIL Deals, More Ahead
One year ago, on July 1, Fresno State basketball stars Haley and Hanna Cavinder officially ushered in college sports’ name, image and likeness era, inking sponsorships with Boost Mobile and Six Star Pro Nutrition at 12:01 a.m. Eastern—the first minute that active NCAA athletes had ever been permitted to...
Ian Bremmer: Why Ending Roe Is Only the Beginning
The US is now a much more divided country than it was almost 50 years ago, when the Supreme Court granted the constitutional right to abortion — recently overturned by the court. Interestingly, most of the rest of the world is moving in the opposite direction, including in majority-Catholic...
Zakaria: The West’s Ukraine Strategy Is in Danger of Failing
There’s a famous saying that no military plan survives its first contact with the enemy. The greatest theorist on war, Carl von Clausewitz, often explained that strategy must be dynamic, constantly changing and rejuvenating itself. In his famous treatise “On War,” he wrote that some generals “consider only unilateral action,...
Biden Job Approval Not Budging as U.S. Satisfaction Dips
After a month that encompassed a mass school shooting in Uvalde, Texas, the start of the Jan. 6 committee hearings in Congress, and average gas prices hitting $5 a gallon amid rising inflation, President Joe Biden's job approval rating didn't change between May and June, holding at 41%. Biden's...