The Mikula Report
McCarthy agrees to worst possible deal to raise debt ceiling
Photo by Alex Wong/Getty Images Details of the agreement between Speaker of the House Kevin McCarthy and President Joe Biden have now emerged and it appears that the agreement to raise the debt ceiling is much worse than what was speculated. Text of the agreement was released earlier this week
Federal Reserve may continue hiking rates
For the past few months it has been speculated that the Federal Reserve will likely pause rate hikes before summer 2023, and then begin to cut interest rates in 2024. But new data suggests that the Fed may have to continue to raise rates even longer. Stronger-than-expected U.S. jobs figures
Banks tighten lending by the most on record
The credit crunch stemming from the fallout of Silicon Valley Bank has begun. Data is now showing signs that bank lending has tightened dramatically, signaling an economic slowdown in the coming months. In a note on Sunday, Morgan Stanley’s top stock strategist Mike Wilson said that in the last two
New Biden rule would ban most gas stoves in U.S.
Energy Secretary Jennifer Granholm. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) Earlier this year, Biden appointed commissioner for the Consumer Product Safety Commission (CPSC), Richard Trumka Jr., claimed in an interview that a ban on gas stoves was “on the table” and claimed that they were a “hidden hazard” to
Was Norfolk Southern’s persuit of ESG initiatives the cause of the East Palestine derailment?
Norfolk Southern train derailment in East Palestine, Ohio. On February 3rd, one of the biggest environmental disasters in US history occured when Norfolk Southern derailed in East Palestine, Ohio. 11 of the cars were carrying chemicals that were later burned off in the hopes that an explosion could be prevented,
CDC updated profile for Vinyl Chloride and downplayed risks just days before Ohio train derailment
Photo taken by Fox 8. On February 3rd one of the worst environmental disasters in US history happened when thousands of pounds of Vinyl Chloride was released in a “controlled breach” following the train derailment in East Palestine, Ohio. Ashok Kumar, a civil and environmental engineering professor at the University
CNN reporter admits air raid sirens during Biden visit to Kyiv were fake
Biden suprise visit to Ukraine on Monday. Photo by Getty Images. On Monday, President Joe Biden visited the Capitol City of Ukraine during a surprise visit. During Biden’s trip, air raid sirens were heard multiple times, leading the media and Democrats to praise Biden for his “courage” for visiting a
Anti-ESG fund manager Vivek Ramaswamy files for US presidential run
Millionaire entrepreneur, author of Woke, Inc., self-described intellectual godfather of the anti-woke movement and Founder of Strive Asset Management, Vivek Ramaswamy filed to run for President on Tuesday. Ramaswamy said that he was strongly considering running because of the “national identity crisis” that the country has been facing. “We are at
What lines are you unwilling to cross when it comes to technology?
Technology is so far beyond what we can even imagine and are prepared for. If you want to know what is coming in the next 12-24 months, you don’t have to look anywhere further than the World Economic Forum’s annual conferences. The question is are you going to go along