Utah Tribe Calls Biden’s Order on New Oil Drilling a ‘Direct Attack’ on Its Economy

A Native American tribe in Utah said a Biden administration order blocking new permits to drill for oil and gas on federal lands is a “direct attack” on its economy and sovereignty.

The Ute Indian Tribe is seeking a waiver from Order 3395, which Scott de la Vega, the acting secretary of the interior, implemented on Jan. 21.

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China Factory Activity Shrinks for First Time in Two Years

China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an…

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The Fed Finally Begins Rolling Back its Portfolio

by Robert Romano     The Federal Reserve has dumped an eye-popping $343 billion of U.S. treasuries and mortgage-backed securities since it began its policy normalization program in Sept. 2017. $116 billion of that, or more than a third, has been since Sept. 2018 as the nation’s central bank has…

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Nashville Becoming ‘Chic Urban Playground for the Wealthy,’ Vanderbilt Professor Tells Wall Street Journal

Nashville City at night

The Wall Street Journal has taken notice of how Nashville is becoming gentrified and is in danger of becoming a “chic urban playground for the wealthy.” James Fraser, an urban studies professor at Vanderbilt University, told The Wall Street Journal the city needs 30,000 more units of affordable housing and…

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