May 4, 2026

x01 Archives

Some House Republicans push to revamp Fed mandate– www.washingtonexaminer.com
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Excerpt:

Republicans on Capitol Hill are pushing to end the Federal Reserve‘s dual mandate of price stability and maximum employment and instead limit its remit exclusively to keeping inflation low.

The Price Stability Act, introduced this week by House Financial Services Committee Chairman French Hill (R-AR), would require that Fed officials only consider inflation when making monetary policy decisions.

Rep. Marlin Stutzman (R-IN), one of the bill’s co-sponsors, told the Washington Examiner during an interview that changing the Fed’s mandate would be good for the economy. Notably, over the past several years, the U.S. experienced the worst wave of inflation since the 1970s.

Carney says Mexican gangs operating in Canada ‘and vice versa,’ vows action – National– globalnews.ca
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Excerpt:

Prime Minister Mark Carney on Thursday acknowledged the issue of Mexican drug cartels operating in Canada, but also that “there are Canadian gangs that operate in Mexico” and that more cooperation is needed to combat them.

Carney made the comments while speaking alongside Mexican President Claudia Sheinbaum in Mexico City, where the two leaders signed a new comprehensive strategic partnership aimed at strengthening trade and security ties, including tackling transnational organized crime.

“The unfortunate fact is that yes, there are cartels or gangs from one country in another country, but also vice versa,” he told reporters. “I’m going to acknowledge that there are Canadian gangs that operate in Mexico. We cooperate with the Mexican authorities. We share information. We’re deepening that cooperation.

“Surveillance, heightened police cooperation is appropriate in order to ensure that these criminals are brought to justice, and not wavering in the efforts to bring them to justice, whether the activities are in Canada, Mexico or the United States.”

As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”– chinadigitaltimes.net
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Excerpt:

China’s National Bureau of Statistics published new data on Wednesday showing that urban youth unemployment rose to a two-year high last month. According to the data, the rate of unemployed youth aged 16 to 24 (excluding students) rose from 17.8 percent in June to 18.9 percent in August, nearing the historical peak of 21.3 percent in June 2023. This development underscores how even in a country that censors and “optimizes” negative data, a harsh economic landscape continues to frustrate millions of Chinese youth.

After the peak in 2023, government officials suspended the publication of youth unemployment data for several months and revised their methodology to yield lower figures. Articles discussing the state of the Chinese economy have also been censored online, including one on WeChat from March titled “Ten Questions About the Chinese Economy in 2025,” and a similar list of ten economic questions in 2023. A meme comparing masses of youth at a job fair to the Terracotta Warriors was likewise taken down from the internet in May. Upon hearing about the latest youth unemployment figures, Chinese netizens on Weibo and X joked about the sensitivity and unreliability of such statistics, as documented by CDT Chinese editors:

Stream2024: Great news! Another record high!

Moral Relativism and the Justification of Political Violence– legalinsurrection.com
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Excerpt:

The shocking recent wave of politically motivated violence reveals the radicalization of the American Left. The moderates have been displaced by hard-core radicals who would stop at nothing to destroy the system. History helps us understand the rationale behind the radical Left’s justification of violence.

As early as the 19th century, radical leftist ideologues indoctrinated their followers that violence was unavoidable to destroy traditional society and achieve their utopian vision. They believed in moral relativism and repudiated Judeo-Christian ethics and objective morality. They did not perceive human life as unique and inherently valuable and did not consider murder wrong.

One hundred years ago, radical leftist violence resulted in one of the bloodiest terrorist acts in the world, which happened in my native city of Sofia. Members of the communist party received funding from the Soviet Union to assassinate the Bulgarian government and political elite. The first step was to murder a famous general to ensure a large gathering of prominent figures for his funeral in the church of St. Sunday.

The assassins planted a bomb under the roof of the church and placed it in such a way as to target primarily the government officials present at the ceremony. It so happened that the general’s casket needed to be moved from its original location to accommodate the multitude of attendants. This managed to partially block the blast and spare most of the government members. Unfortunately, hundreds of others were killed or severely wounded.