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Corporate Profits Hit a Record High in the Third Quarter
“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes
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New Single-Family Home Sales Remain Brisk but Inventories Rise as Prices Continue to Surge
“New-home sales rose in October, but inventory rose faster, boosting months’ supply. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes
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The Fire and the Dream
“The Fire Is Upon Us goes deeply into Buckley’s and Baldwin’s longstanding positions on civil rights and race, thus acquainting us better with the full dimensions of the issue—probably the most consequential one of the whole brimming decade.” ~ David B. Frisk
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Core Capital-Goods Orders Rise in October, to Another New Record High
“New orders for core capital goods rose again, hitting another record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
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Hugh Hefner and William F. Buckley Jr.: Two Very Different Legacies
“Young people intent on changing the world can take solace—and find some instruction—in the stories of two men who were still in their twenties when they made their names in the mid-twentieth century.” ~ James R. Harrigan
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Weekly Initial Claims for Unemployment Benefits Drop to the Lowest Level Since 1969
“Weekly initial claims for unemployment benefits fell to a multidecade low, though seasonal adjustment difficulties may have played a role. Regardless, the labor market remains very tight.” ~ Robert Hughes
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Who Was Buckley?
“For the many nostalgic conservatives with strong emotional investments in Buckley, the fading of familiarity with him among his countrymen hurts a little, and should.” ~ David B. Frisk
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