[Editor’s note: Trump’s nominee for Secretary of Defense, Pete Hegseth, has faced some significant opposition to his nomination in the US Senate. His nomination is by no means assured, although his opponents have offered few specifics as to why they oppose Hegseth’s nomination. Much criticism has come in the form of Hegseth’s personal habits, but it is unlikely this is the real potential deal breaker. Given that Hegseth has extensive experience working with military institutions, one might think he is to be regarded as a good fit for the position.

According to today’s report from the federal government’s Bureau of Labor Statistics, the US economy added 227,000 payroll jobs during November, according to the establishment survey. The unemployment rate rose slightly to 4.2 percent. 

This follows October’s jobs report which was the weakest since 2020. In October, private-sector employment fell month-over-month by 2,000 jobs.

Following their overwhelming defeat in the July 2024 general election, Britain’s Conservative Party recently elected Kemi Badenoch as its newest leader, meaning that she would become Prime Minister if the Conservatives win the next general election.

After the Cold War ended, many people thought that communism was a dead issue, and fashionable pundits like Francis Fukuyama claimed that we were witnessing the global triumph of liberal capitalism. But communism, in fact, never went away, and in these days we have witnessed its revival with, for example, the Marxist policies advocated by Kamala Harris. It is essential in these circumstances to be reminded of communism’s grim record.

World War II was marked by the persecution and forced displacement of millions of people. Among them was Ludwig von Mises, one of the most brilliant minds in economics, whose ideas challenged the growing totalitarianism in Europe. Although there are few written records of his escape from Europe, this article provides several previously unpublished details, based on rare and never-before-published documents.

Today in Politico, finance reporter Victoria Guida takes a look at the prospects for any meaningful reform that might rein in the Fed’s runaway powers that have expanded far beyond its historical remit in recent years.

It seems the prospects are not good.