Author: DailyWestern

Question: Over the past several decades, the inflation-adjusted price of healthcare has increased. Based on this information alone, can you infer the source of the higher price–lower supply or higher demand? If not, what additional data would you need to determine whether higher prices are being driven by changes in supply or demand? Solution: I use this question, and others like it, in my principles of microeconomics class to emphasize a central lesson: you should never reason from a price change alone. As Scott Sumner has emphasized repeatedly, higher prices can result from an increase in demand, a decrease in…

It was a difficult evening for Ruben Amorim. Manchester United ended a 2025 they will want to forget on another low as they were held to a 1-1 draw winless Wolves at Old Trafford. United produced an impressive rearguard effort to beat Newcastle United 1-0 on Boxing Day, but their defence was surprisingly shaky against the Premier League’s bottom club, who are almost certainly destined for the drop. It looked as if Wolves’ considerable failings at the back would render any United struggles moot when Joshua Zirkzee put the hosts ahead with a deflected effort, however, an outstanding header from…

A fast-moving clipper system will move into the Northeast on Wednesday, possibly delivering some light snowflakes for New York City’s New Year’s Eve celebrations. If the snow does fall, it’ll hit just around midnight and will be quick to move out. Heavier snow is possible across the Great Lakes and other parts of the Northeast. NEW YORK CITY – Light snow is possible in New York City on New Year’s Eve as a fast-moving clipper system passes through the Northeast.A weak area of low pressure is developing over southern Canada and will move east into the Great Lakes starting Wednesday.NEW…

Conflict has been on the rise across the globe in recent years, increasing instability and exposing the weaknesses of the international system. This trend continued in 2025, with intractable, long-running wars ongoing in many parts of the world; a new conflict emerging in the Western Hemisphere, as the United States conducts strikes on alleged drug-trafficking boats near Latin America; and historic border disputes continuing to fuel fresh clashes between countries such as Cambodia and Thailand. Meanwhile, the Russia-Ukraine war is still raging, and there are many reasons to be skeptical that peace negotiations will produce a deal—particularly as Moscow continues…

Chinese forces are conducting a massive military exercise in the areas surrounding Taiwan — a major economic power and supplier of semiconductor chips essential to the world (and US) economy (true in 2022, true today). Source: PLA away US Naval Instituteaccessed 12/29/2025. From the US Naval Institute: The drills will focus on sea-air combat readiness patrol, joint seizure of comprehensive superiority, blockade on key ports and areas, as well as deterrence outside the island chain, In a statement posted on the China Military Bugle account on X, the PLA stated that that the drills are part of a series of…

Serie A7:45 PMDecember 29, 2025Regular Season – 17Olympic StadiumReferee: Marco Di Bello, Italy Copy and paste this HTML code into your webpage to embed. AS Roma World Class 0 Solid 0 Bang Average 0 Lucky 0 Shocking 0 Genoa World Class 0 Solid 0 Bang Average 0 Lucky 0 Shocking 0 Turn off spoiler to view match statistics1.32Expected goals (xG)0.93Passing471 (84%)Accurate passes276 (76%) Turn off spoiler to view match events 99 G Mile Svilar 6.7 22 D Beautiful Mario 6.9 24 D Jan Ziółkowski 7.6 23 D Gianluca Mancini 7.2 43 M Wesley 6.6 4 M Bryan Cristante (C) 7.3…

The Milwaukee Bucks have not held trade talks involving Giannis Antetokounmpo since the NBA’s unofficial trade window opened on December 15, per ESPN. Instead, the team has been operating as a buyer, exploring ways to upgrade the roster rather than moving its franchise star. A clearer picture of Antetokounmpo’s future is expected in the coming […] The post Bucks won’t trade Giannis Antetokounmpo without clear request appeared first on TalkBasket.net.

FOX Weather Correspondent Katie Byrne reports from the frigid temperatures in Syracuse, New York, as areas in the upstate region could see up to three feet of snow.Record heat in parts of the U.S. quickly faded as cold winter temperatures returned just in time for the new year.Some areas across the U.S. experienced their warmest December day on Sunday, including St. Louis, Missouri, which recorded a temperature of 78 degrees, the warmest on record for the month. Within hours, that number drastically fell.Some areas experienced a 30-degree temperature drop as a powerful cold front moved across most of the central…

by AI | 29.Dec 2025 | Europe in brief AI The head of European diplomacy Kaja Kallas said on Monday that she was “counting on the rapid formation” of a government in Kosovo, the day after elections, in order to put an end to the “political deadlock” that is paralyzing the country. The acting Prime Minister of Kosovo and head of the Vetëvendosje (VV) movement, Albin Kurti (2nd from left), celebrates the election results with his supporters in Pristina on December 28, 2025. (Photo: Armend NIMANI / AFP) Brussels – The new government of Kosovo “will have to redouble its…

by Calculated Risk on 12/29/2025 07:57:00 PM From Matthew Graham at Mortgage News Daily: New 2-Month Lows, Just BarelyWith another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it was enough for MND’s 30yr fixed rate index to tick down by 0.01%.This is the lowest level since October 28th–just barely edging out the lows seen on November 25th. There were only 5 days in November and one day in September with lower rates. Before that, you’d have…