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Brian Hickerson addresses Hayden Panettiere’s death in candid response on tragedy’s 1-month anniversary

NY Post
3 weeks 4 days ago
The late actress' on-again, off-again boyfriend gave a blunt response when asked about her death.
Antoinette Bueno

Blake Snell departs early and Dodgers’ rotation suddenly a question mark

NY Post
3 weeks 4 days ago
Shohei Ohtani’s aching right arm. Freddie Freeman's throbbing right knee. Edwin Díaz's disastrous form on a minor-league rehabilitation assignment.
Dylan Hernandez

‘The Love Hypothesis’ New York premiere red carpet: Lili Reinhart, Tom Bateman, and more

NY Post
3 weeks 4 days ago
Check out what the stars wore to watch sparks fly.
mliss1578

‘The Love Hypothesis’ NYC premiere: Lili Reinhart, Tom Bateman and more have style down to a science

NY Post
3 weeks 4 days ago
Check out what the stars wore to watch sparks fly.
Farrah Julin

Jets can remove any caveats with a statement-making win against Packers

NY Post
3 weeks 4 days ago
The Jets impressed people in Sunday’s 23-10 over the Titans. But as impressive as the Jets were, every evaluation of that game seems to come with a “but” as in, “but it came against the Titans.” 
Brian Costello

Giants Practice Report: How Does O-Line Matchup Against Aaron Donald? | Blue Rush

NY Post
3 weeks 4 days ago
NY Post’s Steve Serby joins Brandon London to discuss their takeaways from the Week 1 win, how the Giants matchup against Aaron Donald and a strong Rams defensive line & who has the coaching edge?
Tom Hogan

Kirk Family Plans Wrongful Death Suit Against Utah Valley University, Others

Zero Rss
3 weeks 4 days ago
Kirk Family Plans Wrongful Death Suit Against Utah Valley University, Others

Authored by Savannah Hulsey Pointer via The Epoch Times,

Charlie Kirk's family announced plans to file a wrongful death lawsuit alleging that security failures contributed to the fatal shooting of the conservative commentator last year.

In a Sept. 9 legal notice, the plaintiffs assert that the defendants' failures "led to the assassination" and that the university and others were negligent in providing security for the event where he was killed.

"Charlie Kirk was a once-in-a-lifetime public and political figure," the notice said, noting that Kirk's death occurred "when political violence had hit a fever pitch."

The notice was sent to the Office of the Utah Attorney General the day before the first anniversary of Kirk's death.

It named the state of Utah, Utah Valley University, the Utah Valley University Police Department and its Police Chief Jeffrey Long, former university President Astrid Tuminez, and others, as subjects of the suit.

Additionally, Turning Point USA claims to have notified the university police about security risks, specifically those posed by rooftops overlooking the amphitheater where Kirk made his final remarks.

The suit, which has not yet been filed, would be brought by Kirk's estate, his heirs, his wife Erika Kirk, the late Turning Point USA founder's parents, Robert and Kathryn Kirk, and others.

The notice says that university police failed to control access to the rooftop from where the shooter aimed.

Utah Valley University and its police department, as well as other defendants, did not respond to The Epoch Times' request for comment.

A representative from the Utah Attorney General's office responded by asking that The Epoch Times direct inquiries to the university.

Tyler Robinson, 23, has been charged with Kirk's killing, and the state of Utah is seeking the death penalty. Robinson has pleaded not guilty.

The accused assassin allegedly sent text messages that are consistent with a plan to permanently silence Kirk, the prosecution said.

The trial date is expected to be set at a hearing in late October. During a Sept. 1 preliminary hearing, the prosecution alleged that Robinson had motive, means, and opportunity to kill Kirk.

Utah Fourth District Court Judge Tony Graf Jr. ruled that the prosecution demonstrated probable cause during the hearing. Robinson will stand trial for seven charges, including aggravated murder.

The other charges include two counts of obstructing justice, two counts of witness tampering, along with causing serious bodily harm by discharging a firearm, and committing violence in the presence of a child.

Testimony during a July evidentiary hearing indicated that Robinson asked his former roommate and romantic partner to delete messages from Robinson. The male roommate also offered to record testimony stating that Robinson cried and voiced regret after the Kirk shooting.

In Robinson's text messages, he allegedly admitted responsibility and explained his motive, as well as outlining a week of planning before the shooting took place.

Tyler Durden Wed, 09/16/2026 - 21:45
Tyler Durden

Don’t rely on poison pills to stop the billionaire tax — speak out now

NY Post
3 weeks 4 days ago
The latest poll shows that California voters want to pass the “billionaire tax.” And also that they want to block it.
CA Post Editorial Board

Rangers camp opens with priorities shifted by NHL’s time crunch

NY Post
3 weeks 4 days ago
For the Rangers and the 31 other NHL teams, time is not just of the essence as training camps opened across the league Wednesday.
Mollie Walker

Gavin Newsom fishes for COVID redemption and comes up empty

NY Post
3 weeks 4 days ago
Now Gavin Newsom tells us he was wrong in 2020 about COVID –– even as the rest of us knew his double-standard-laden policies were cockamamie at the time.
CA Post Editorial Board

How Albany educrats turned NY’s once-proud schools into a national joke

NY Post
3 weeks 4 days ago
For shame: New York has abandoned the principle that poor children can meet high educational expectations, despite generations of schooling seriousness.
Robert Pondiscio

USC coach Eric Musselman apologizes for clash with treasure hunter: ‘Will learn from this’

NY Post
3 weeks 4 days ago
"I know the responsibilities that come with my role," the coach said.
Edward Lewis

Yankees come up empty in too many big spots in 13-inning loss to Twins

NY Post
3 weeks 4 days ago
For a few teasing moments Wednesday, it looked as if the Yankees might sneak away with a sweep that was overshadowed by Aaron Judge's injury.
Greg Joyce

Ravens place rookie receiver Ja’Kobi Lane on IR in early injury blow

NY Post
3 weeks 4 days ago
Ravens receiver Ja'Kobi Lane was selected in the third round of the draft this spring and quickly made his mark during camp this summer. 
Christian Arnold

Julia Stiles pays tribute to Dolly Parton during ‘DWTS’ debut with epic ‘9 to 5’ performance

NY Post
3 weeks 4 days ago
The "Save the Last Dance" actress and her pro partner, Ezra Sosa, pulled out all the stops for their Quickstep honoring the late country music icon.
mliss1578

Julia Stiles pays tribute to Dolly Parton during ‘Dancing With the Stars’ debut with epic ‘9 to 5’ performance

NY Post
3 weeks 4 days ago
The "Save the Last Dance" actress and her pro partner, Ezra Sosa, pulled out all the stops for their Quickstep honoring the late country music icon.
Desiree Murphy

Mets players know exactly what Pete Alonso’s 300th homer meant to fans

NY Post
3 weeks 4 days ago
The franchise player can understand the adulation Pete Alonso received during his visit to Citi Field this week better than most.
Mike Puma

Border Patrol agents make shocking discovery as dozens of illegal migrants stuffed in back of truck in California desert

NY Post
3 weeks 4 days ago
Border Patrol agents made a startling discovery in the scorching California desert after finding 31 migrants allegedly crammed into the back of a modified utility truck in a suspected human-smuggling operation.
Erica Andrews

Bill Belichick gets candid about Jordon Hudson’s North Carolina role— and shuts down one ‘ridiculous’ notion

NY Post
3 weeks 4 days ago
Bill Belichick seems to be getting the hang of things on the field at UNC, and now it seems he’s trying to gain control off the field.
Christian Arnold

Why CPI Ignores Homes, Stocks, And The Cost Of Getting Ahead

Zero Rss
3 weeks 4 days ago
Why CPI Ignores Homes, Stocks, And The Cost Of Getting Ahead

Authored by Karl-Friedrich Israel via The Daily Economy,

The median-priced home in America now costs $440,600, while the median household earns roughly $84,000 a year. That gap has left a growing share of Americans priced out of buying altogether, while those who already own homes and hold stocks have watched their wealth compound. The renter-owner wealth gap is now the widest on record. Meanwhile, equity markets keep setting new highs. None of this, officially, counts as inflation.

In a previous piece, I explained that the Consumer Price Index leaves out a large and growing share of what households are really forced to pay for: government spending financed by taxes rather than purchased voluntarily on markets. That is one CPI blind spot. There is a second, and it is arguably more consequential for how Americans experience economic reality. The price of stocks, homes, and other assets essentially does not appear at all in conventional inflation measures.

Why Asset Prices Fall Outside The CPI

The reason again traces back to the index-number theory Gottfried Haberler laid out in Vienna in 1927, which I've written about elsewhere. Haberler showed that the standard price indices economists use - Laspeyres and Paasche, and averages of the two - can be trusted as measures of an individual's true cost of living only under a specific set of assumptions about that individual. One of those unstated assumptions is that the individual is a pure consumer: someone who spends the whole of their income on present consumption, full stop. No saving. No portfolio. No home, or even portion of a home, purchased as an investment rather than simply a place to live.

That assumption is a reasonable simplification for the sake of theoretical tractability. It is also the reason a stock portfolio or a home's resale value has no place in a cost-of-living index built on Haberler's logic. The CPI does track shelter, but only through "owners' equivalent rent" - an estimate of what it would cost to rent the service flow of a home, not the price of the home as an asset. Equities do not enter the index in any form. A pure consumer, by design, does not hold assets. An index built for a pure consumer has nothing to say about what happens to their prices.

A Reasonable Exclusion With A Widening Consequence

That exclusion made the CPI theoretically coherent - it's meant to measure consumer spending, after all. It also means that some of the fastest price inflation in the American economy over the past three decades has been completely invisible to the number the Federal Reserve targets (the PCE price index) and the media reports (the CPI).

Since 1995, the S&P 500 has compounded at roughly 9.2 percent a year (15x) and home prices, as measured by the Case-Shiller index, at about 4.7 percent a year (4x). The CPI, over the same period, rose about 2.6 percent a year (2.2x). Stocks have outrun consumer prices by a factor of more than three; home prices, by nearly two. The CPI alone has no way of seeing any of these inflationary pressures - not the run-up in home prices that has priced many younger Americans out of the market, nor the equity gains flowing overwhelmingly to households that already owned assets before the run-up began.

Why Assets, In Particular?

If asset prices simply drifted upward for reasons unrelated to monetary policy, and the PCE's and CPI's exclusion of them was a harmless accident, we might more easily excuse CPI's shortcomings. But there is a plausible monetary explanation for why the exclusion has mattered so much specifically since the mid-1990s.

If money were neutral and its growth simply distributed itself proportionally across real output growth and consumer price inflation, the M2 money supply should grow at roughly the sum of real GDP growth and CPI inflation over time. We can check that directly: take average M2 growth and subtract the sum of average real GDP growth and average CPI growth, before and after 1995.

From 1959 through 1994, M2 grew at 7.2 percent a year, against real GDP growth of 3.5 percent and CPI inflation of 4.7 percent - a combined 8.2 percent. The gap was slightly negative: roughly 1.0 percentage point a year. Money growth, if anything, ran a bit behind the pace of real economic growth and consumer price inflation combined.

Since 1995, the picture flips. M2 has grown at 6.2 percent a year, while real GDP and the CPI have grown at 2.5 percent per year each - a combined 5.0 percent. The gap is now a positive 1.2 percentage points a year, a swing of roughly two full points from the prior 35 years.

That is not a rounding error compounding harmlessly in the background. Over three decades, a persistent 1.2-point annual gap compounds into a very large sum of money that was created by government, but not absorbed by real output growth. By definition, it did not show up as measured consumer price inflation.

Money Is Not Neutral

Additional money does not raise every price by the same proportion, leaving the underlying structure of the economy untouched. It enters the economy at specific points - through banks, credit markets, and the institutions that first receive newly created liquidity - and its effects ripple outward unevenly from there. By the time new money reaches the people, higher prices have already consumed its extra value. Austrian economists, like Haberler's contemporary Friedrich Hayek, have long described this with the Cantillon effect. In an economy where basic consumption needs are largely saturated for a large share of households, additional liquidity is more likely to flow into savings and investment vehicles, such as stocks and real estate, than into proportionally higher demand for groceries and clothing.

That is precisely the pattern in the data. The monetary overhang that opened up after 1995 lines up closely with the period over which stocks and home prices pulled away from the CPI. None of this proves a single, simple causal explanation. Asset prices respond to many forces, from productivity growth to demographics to global capital flows. But a persistent, multi-decade gap between money creation on the one hand and real growth plus consumer price inflation on the other is exactly the kind of monetary overhang that should show up somewhere. In a consumption-saturated economy, the most likely place for it to show up is in the price of the assets the CPI was never built to measure.

That leaves conventional inflation measures with two blind spots stacked on top of each other. The CPI omits the government-financed consumption taxpayers cannot opt out of, and it omits the asset-price inflation driving the widening gap between those who already own homes and stocks and those still trying to buy in. Neither omission is a flaw in how the CPI is calculated. Both are consequences of what the CPI was, by its own underlying economic theory, never designed to measure.

Tyler Durden Wed, 09/16/2026 - 20:55
Tyler Durden

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