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OPINION: Our free-market economy is better off without capitalism

In America, 10% of the population controls half of the wealth. Corporations grow to enormous sizes, destroying small business competition. Capitalism is doing something dangerous to our free-market economy.  The debate around capitalism is admittedly trite. However, I want to defend free-market economics and clear its name from capitalists who falsely praise it and socialists […]

Long U.S Dollar Bets Fall Amid Exciting Jobs Data

Despite positive economic data from the world’s largest economy, the US Dollar Index fell to 94.2 index points, down by over 140 basis points on Friday. In a better-than-expected US nonfarm payrolls report, more than 425K new jobs were added to the economy, giving the US Dollar Index a boost to new yearly highs, around […]

Acadiana business briefs | Business

Cottage homes community sold for nearly $20 million A cottage homes development in southwest Lafayette has been sold to a California real estate company for nearly $20 million. Cal World Group, which also owns a residential development in Lake Charles, bought The Cottages at East Broussard, 101 Norcross Drive, from Bryan and Sylvia McLain, of McLain […]

Signs of resurgent US economy push stocks to highs

Investors propelled US stocks to a record high last week, buoyed by declining unemployment and advancements in the treatment of Covid-19 giving hope to a resurgent economy. The S&P 500 index of blue-chip US stocks, seen as a benchmark for the health of corporate America, rose 2 per cent for the week to Friday, its […]