Author: DailyWestern

In times of crisis, we consider what can be done to return to a path of prosperity and wealth. However, there is a tendency to mistake the previous manifestations of economic success—the sectors and products that an economy has, in the past, successfully produced—for the more fundamental source of success. When, in 1947, Ludwig Erhard lifted price regulations and decisively shifted the German economic system away from heavy interventionism towards a free market economy, the stage was set for what is commonly—though perhaps misleadingly—referred to as the “German Economic Miracle.” The rest is history. Today, there is a fundamental misunderstanding…

Crystal Palace’s historic night did not go to plan. Crystal Palace suffered a shock defeat in their first home game of a European competition proper as they were beaten 1-0 at Selhurst Park by Cypriot side Larnaca. The FA Cup winners have made an excellent start to the Premier League and are among the favourites to win Europe’s third-tier competition. Having beaten Dynamo Kyiv in their league phase opener, the Eagles were expected to sweep aside Larnaca. Despite dominating the game, Palace were punished for a loose pass by Jaydee Canvot, which allowed Riad Bajic to slam home what proved…

The NBA’s return to NBC and Peacock on Tuesday night delivered the largest NBA Tip-Off doubleheader audience since 2010 with 5.6 million viewers across both platforms, based on Nielsen Big Data and Adobe Analytics. The Oklahoma City Thunder defeated the Houston Rockets in double overtime in the first game on ring night, while the Golden State Warriors beat the Los Angeles Lakers in the nightcap. The 2010 NBA Tip-Off doubleheader that drew 5.7 million viewers featured LeBron James’ debut with the Miami Heat. Tuesday’s broadcast excluded the 2011 season opener that aired on Christmas Day. The audience peaked at 7.1…

The U.S. Coast Guard was spotted on video helping to rescue residents of Kipnuk, Alaska, after the remnants of Typhoon Halong caused severe flooding on Oct. 12. Western Alaska tribes are resilient, facing increasing perils from climate change as coastal erosion threatens their villages. However, October’s floods are making some wonder how many times they must recover before rebuilding is too much. Earlier this month, a powerful coastal storm fueled by the remnants of Typhoon Halong brought wind gusts of up to 100 mph and storm surges, flooding towns and villages in Western Alaska, including the villages of Kipnuk and…

It’s hard to say which is a bigger achievement for Islamabad’s diplomacy: U.S. President Donald Trump’s shift toward Pakistan or the buzz over the recently announced Saudi-Pakistani “Strategic Mutual Defense Agreement,” both of which are reverberating across Southwest Asia—though the U.S. tilt may prove ephemeral. The accord highlights a tsunami of near-Kissingerian diplomacy in just the past six months: a stunning reset with the United States—at India’s expense, boosted defense and trade ties with Turkeya defense accord with Malaysiaa trade and energy deal with Iran that was announced during an August visit by the Iranian president, and the expansion of…

As noted by CNNthe Trump administration’s deactivation of the website tracking climatic-related disasters has been partially alleviated by Climate Central‘s initiative. Note: In 2025$ (deflated by CPI). Source: ClimateCentral.org Note that 2025 is registering far ahead of previous years so far. Gotta wonder what other data the Administration is happy to “deep six”. See here for last post on this subject, before the Administration terminated the NOAA website. This entry was posted on October 22, 2025 by Menzie Chinn.

In a stunning press conference that has sent shockwaves through the sports world, FBI Director Kash Patel announced the arrests of over 30 individuals, including Portland Trail Blazers Head Coach Chauncey Billups and Miami Heat guard Terry Rozier, in what he described as a “historic” and “wide-sweeping criminal enterprise.” Director Patel revealed the operation links […] The post FBI Director says Billups and Rozier “perpetrated a fraud on the grand stage” appeared first on TalkBasket.net.

FOX Weather Hurricane Specialist Bryan Norcross provides his analysis of Tropical Storm Melissa. Melissa is forecast to begin the processes of intensifying and is expected to become a hurricane in the coming days, eventually reaching Category 3 or 4 strength.Updated at 10 a.m. ET on Thursday, Oct. 23, 2025—LIVE Q&A today with me and NHC Director Mike Brennan. We’ll be discussing Tropical Storm and eventually Hurricane Melissa LIVE on YouTube, Facebook, TikTok, X, Instagram and LinkedIn. I hope you’ll join us and send in your questions. LIVE at 4 p.m. ET.—-There is a reasonable consensus in the computer forecast models…

Celje – At the first international defense industry fair Sidec in Celje, a detailed overview of the strategic guidelines shaped by key European organizations, including the European Commission, the European Defense Agency (EDA), and NATO, was presented on Tuesday. Nathalie Guichard from the EDA spoke about connecting research, technologies, and industry to strengthen European defense capabilities, highlighting Slovenia’s active involvement in several projects, including Sabuvis II for the development of an underwater vehicle to protect critical infrastructure underwater. The fair, which aims to become the central regional platform in the fields of defense, security, and advanced technologies, features 170 exhibitors…

Facing Russia, Ukraine is funding deterrence on a NATO scale — without being integrated into NATO. Europe must recognize Ukraine as indispensable to its own future and act accordingly. An opinion by Maria RepkoDeputy Director of the Centre for Economic Strategy A budget is never just a list of numbers. It is a political statement, a map of priorities, and a signal to allies. Ukraine’s recently presented 2026 draft budget is all of that at once. It reflects the country’s priorities — already pushed to their limits — but it also exposes the EU’s hesitation to shape the course of…