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By LAWRENCE KUDLOW, Special to the Sun It looks like President Biden is the Group of Seven’s favorite member now. And no wonder. He gave up American tax sovereignty to let the Europeans impose on American companies big tax hikes that will do great damage to workers’ wages, costing jobs and…
By JUDY SHELTON, Special to the Sun The next time you hear a Federal Reserve official intone about the central bank’s commitment to “price stability,” you might take a moment to reflect on how that goal came to be defined as 2% inflation. The 2% number is so ingrained that our monetary…
By LAWRENCE KUDLOW, Special to the Sun During the latest battle between Israel and Hamas, I wrote about how the Democratic Party, which used to be Israel’s greatest defender, has turned against the Jewish state. Even formally strong supporters of Israel, like Senator Chuck Schumer, have…
By IRA STOLL, Special to the Sun “Give me your tired, your poor, Your huddled masses yearning to breathe free...” — Emma Lazarus, poem at the base of the Statue of Liberty installed in 1903. “I want to be clear to folks in this region who are thinking about making that dangerous trek… Is Jimmy Carter Back, or What? A Flash of Inflation Signals a Warning, But . . . By LAWRENCE KUDLOW, Special to the Sun Is Jimmy Carter back, or what? There’s a big inflation report today — another 0.6% in May. That’s 8.4% at an annual rate over the past three months. It’s 6.5% at an annual rate for the first five months of this year. The Federal Reserve’s target used…
By LAWRENCE KUDLOW, Special to the Sun Who was Lois Lerner? She was at the center of the last big scandal at the Internal Revenue Service. It occurred during the Obama years. Ms. Lerner was head of the exempt organizations division of the IRS. She learned that groups with Tea Party…
The Good, the Bad, and the Group of Seven By LAWRENCE KUDLOW, Special to the Sun Several weeks ago I read a wonderful column by my old pal Gerry Baker of the Wall Street Journal. It was titled, “Did Biden Peak on Inauguration Day? Covid confusion, Mideast chaos and the threat of inflation — He doesn’t have many victories to point…
By IRA STOLL, Special to the Sun Drivers emerging for a post-pandemic summer vacation will encounter highway exit signs renumbered — at significant expense — to meet Washington’s expectations. Massachusetts is spending $2.8 million to conform to what it describes as a “Federal… By JOHN W. CHILDS, Special to the Sun President Biden’s budget has drawn a lot of flack from conservatives. Larry Kudlow notes that it would put the country on the path to a growth recession. The Wall Street Journal points out that it would essentially require the Federal Reserve to…
By LAWRENCE KUDLOW, Special to the Sun Late Friday afternoon — that is, late Friday afternoon of the Memorial Day weekend — when basically no one was looking, President Biden finally put out his budget. That’s when you drop bad news on the press. Find a long weekend, wait until the close…
By LAWRENCE KUDLOW, Special to the Sun President Biden’s new executive order on climate change would basically let the government do virtually anything in any part of the economy or the financial markets, or labor markets, or agriculture — or anything — in the name of mitigating risk of… What Would Biden’s Father Say About His Son’s War on Work? By IRA STOLL, Special to the Sun President Biden often talks about how his father used to tell him: “Joey, a job is about a lot more than a paycheck. It’s about your dignity.” It’s ironic, because on Mr. Biden’s watch, a war on work is gathering momentum. “Working Less Is a Matter…
By LAWRENCE KUDLOW, Special to the Sun Get ready, folks. Uncle Sam wants you. The White House and the Treasury announced gleefully Friday new tax enforcement plans that would double the number of IRS employees and require banks, payment services, and cryptocurrency exchanges to provide the…
By LENORE SKENAZY, Special to the Sun Loyal readers of The New York Sun might recall my column from 13 years ago headlined “Why I Let My 9-Year-Old Ride the Subway Alone.” The Editor of the Sun estimates it is the second most widely reprinted newspaper piece after another Sun classic… Biden Scorning the Secret Formula of American Prosperity By LAWRENCE KUDLOW, Special to the Sun Taxed to the max. In this world, nothing is certain but death and taxes. That famous quote, of course, is from Founding Father Benjamin Franklin. Among all the problems with the Biden administration’s policy, they even want to raise taxes on your…
By IRA STOLL, Special to the Sun “Thanks, science.” The phrase is suddenly ubiquitous on social media posts from individuals grateful that they or their children have just been vaccinated against Covid-19. I’m grateful for the impulse people have to express gratitude. Surely science…
By JUDY SHELTON, Special to the Sun The war of words unleashed on Wall Street and in Washington by Wednesday’s announcement of an unexpectedly high rate of consumer price inflation is escalating by the day. Legendary hedge fund manager Stanley Druckenmiller had warned on Tuesday in the…
By IRA STOLL, Special to the Sun Soaring inflation. Lines at gas stations, with rising gasoline prices. Tense negotiations with Iran involving hostages. A deteriorating situation in Afghanistan. Calls to boycott an upcoming Olympics to be hosted by a hostile, expansionist Communist…
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