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Housing Activity Shows More Signs of Deterioration
“Existing-home sales fell again in April and inventory rose, though it remains low by historical comparison. Shifting housing preferences, record-high prices, and surging mortgage rates are likely to impact activity over coming months.” ~ Robert Hughes
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The Lesson of Joe Biden’s Disappearing Presidency
“Despite allegedly being the most powerful person in the world, Presidents frequently find that events – particularly geopolitical events – control them, rather than vice versa. Derailed presidencies may be more the norm than the exception.” ~ James E. Hanley
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Weekly Initial Claims Hit the Highest Level Since January
“Weekly initial claims continue to trend slightly higher, but the low level still suggests a very tight labor market. The Russian invasion of Ukraine, lockdowns in China, sustained elevated price increases, and a new Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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A Path for University Reform
“Reducing bureaucracy saves money and race and ethnicity-blind admissions ends unpopular discrimination. But as importantly, both advance rather than undermine the primary missions of the university, particularly its modeling of epistemic openness.” ~ John O. McGinnis
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Red Science, Blue Science, What Science, No Science
“Our slender comprehension of the mysteries of the universe will be entirely undone by anything that prevents open debate about scientific evidence – regardless of whether this disruption emerges from partisanship or censorship.” ~ Chris Bateman
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