ECONOMICS

By J.M.Phelps of The Epoch Times

A leaked U.S. Office of Naval Intelligence (ONI) slide is garnering concern about the Chinese regime’s continued capability to produce naval vessels at an alarmingly faster rate than the United (more…)

Authored by Daniel Lacalle,

If we search the news from 2007, we can find plenty of headlines with the IMF and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason is that market participants and economists like to believe that the central bank will manage the economy as if it were a car. The current optimism about the U.S. economy reminds us of the same sentiment in 2007.

Many readers will argue that this (more…)

By Nathan Owens of Agricultural Dive

Summary:

• Meatpacking workers at Hormel Foods’ plant in Austin, Minnesota, voted to reject a “final offer” contract last week in a push for stronger wages, setting the stage for a potential strike at the processor’s largest facility.

• “It’s simply not good enough,” said the United Food and Commercial Workers Local 663 bargaining committee, which represents close to 95% of workers at Hormel’s hometown plant. “Hormel’s record (more…)