ECONOMICS

By American Military News

Gov. Maura Healey’s administration expects to spend more money than originally anticipated over the next fiscal year on the emergency shelter system housing migrants and local families, according to revised estimates released this month.

Shelter-related costs are now projected to top $1 billion in fiscal year 2025 if caseloads remain the same, an increase from the $915 million state budget writers first said they expected to spend and a sign that (more…)

ADP's Employment report for July was disappointing, showing the addition of just 122k jobs (well below the 150k expected and down from the 155k added in June).

Source: Bloomberg

That 122k addition is the weakest since January and the trend in job growth is not your friend with more sectors showing job losses…

“With wage growth abating, the labor market is playing along with the Federal Reserve's effort to slow inflation,” said Nela Richardson, (more…)

Authored by Wanjiru Njoya via The Mises Institute,

In her essay “Racism,” Ayn Rand argues that racism – which she describes as “the lowest, most crudely primitive form of collectivism” – is incompatible with capitalism and can only be defeated through capitalism. She defines capitalism as “a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.” She explains that a defense of private property and (more…)