Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling

Students have been denied in-person schooling. At the same time, millions of women—many of whom have children—have been thrown out of work. Suddenly, homeschooling became a much more viable and necessary option. Original Article: “Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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The Myths Behind the "Capitalism Is Racist" Claim

Though numerous studies prove the contrary, it is still widely assumed that capitalism perpetuates racism. Celebrities and academics incessantly broadcast the message that capitalism engenders racism. For example, recently on Twitter, superstar athlete Andre Iguodala informed his followers that capitalism cannot be divorced from racism: “Capitalism and racism go hand in hand. And you can’t have one without the other.” Equally scathing is the blistering declaration of sociologist Edna Bonacich in an academic review: “Capitalism and racism are closely connected….The huge wealth of America’s white-owned corporations rests on the backs…

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United Airlines CEO says too early to predict when the carrier will break even

United Airlines CEO Scott Kirby joins fellow airline executives, union heads and politicians for a news conference to call on Congress to pass an extension of the Payroll Support Program to save thousands of travel jobs, outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images United Airlines CEO Scott Kirby on Thursday said many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry. United’s shares were down more than 2% in premarket trading after the…

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American Eagle sees holiday-quarter sales dropping amid weak mall traffic

A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle ahead of a virtual meeting with investors Thursday said it expects fourth-quarter revenue to decrease in the low-single digits, driven by a drop in brick-and-mortar store sales due to weak mall traffic during the Covid pandemic. The apparel retailer said it expects momentum to continue online. Its…

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Unintended Consequences: Some Problems with National Income Accounting

It is trivial to say that any cardinal number can be added to another to answer the question of “how many” or “how much” of something there is. The trick lies in teasing some relevance out of the resultant sum. The relevant tradeoff in constructing any aggregate is between the advantage of reduced complexity of a unique figure summarizing data and the disadvantage of the information lost from any individual figure within the set. This realization was what Friedrich Hayek had in mind as he reviewed John Maynard Keynes’s 1930 Treatise on Money.…

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Biden Can Now Launch the Nukes and Unleash World War III Whenever He Feels Like It

During the Trump administration, I pointed to a problem with the American presidential system: it provides presidents with essentially unchecked power when it comes to launching a nuclear holocaust. Presidents can initiate nuclear war whenever they like. They need not be acting in a defensive capacity. This should strike any sane person as a rather insane policy, and as a huge hole in the so-called checks and balances on which the US political system is allegedly premised.  Because of the Beltway hysteria over Trump, the Congress—possibly for the first time—considered measures to rein…

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“Victim-Centered” Justice Is a Threat to Due Process

“Trauma-informed justice” has percolated in academia and activism for decades. It is now knocking on the door of local police departments to demand changes that could upend the basics of how people relate to law enforcement. The approach converts the police into social workers or therapists and erases the due process upon which traditional Western justice hinges. It also increases the odds of wrongful convictions. Trauma-informed justice—sometimes called “victim-centered” justice—involves an interview methodology in which the police prioritize empathy for an accuser who is automatically considered to be a victim. Rooted…

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United (UAL) earnings Q4 2020

A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall Street expected, based on average estimates compiled by Refinitiv: Adjusted earnings per share: a loss of $7 versus an expected loss of $6.60 a share. Revenue: $3.41 billion versus expected $3.44 billion in revenue. United’s…

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The Unwelcome Return of the Real Purveyors of Violence

With the mainstream media still obsessing about the January 6th “violent coup attempt” at the US Capitol Building, the incoming Biden Administration looks to be chock full of actual purveyors of violent coups. Don’t look to the mainstream media to report on this, however. Some of the same politicians and bureaucrats denouncing the ridiculous farce at the Capitol as if it were the equivalent of 9/11 have been involved for decades in planning and executing real coups overseas. In their real coups, many thousands of civilians have died. Take returning…

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