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Wayne LaPierre, executive vice president of the National Rifle Association, speaks at CPAC on Feb. 28, 2021

Stephen M. Dowell/TNS

NEW YORK — A judge rejected the National Rifle Association’s bid Tuesday to file for bankruptcy in Texas, ruling that the audacious move was an attempt to avoid the oversight of New York State Attorney General Letitia James. Northern District of Texas Bankruptcy Judge Harlin Hale wrote that the NRA’s effort to reincorporate in the Lone Star State was done in bad faith. The once-formidable gun group made the move to gain an improper advantage over James’ office, which is gunning for its dissolution, Hale wrote. “The court has great concern about this case because its purpose is to avoid dissolu...

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For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

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