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Saturday, November 23, 2024

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Household Debt Tops $17.5 Trillion, and Americans Are Feeling the Strain

(Mike Maharrey, Money Metals News Service) You’ve got to give credit to Visa, Mastercard, Discover and Amex. They’ve managed to build one heck of a booming economy. Despite surging price inflation, “resilient” American consumers have managed to keep spending money, driving “strong” economic growth – thanks to their credit cards. But...

IRS to Collect Billions More in Unpaid Taxes Thanks to New Funding

(Headline USA) The old axiom "You have to spend money to make money" seems to hold true not just for capitalist entrepreneurs but also for the federal government. However, it is taxpayers' money being spent in the government's case, in order to enable the bloated and corrupt Internal Revenue...

Disney Seeks Order to Keep Trade Secrets Confidential in Anti-DeSantis Lawsuit

(Headline USA) Disney asked a state court judge on Friday for a protective order allowing it to designate documents and depositions as confidential and requiring parties handling them to sign a nondisclosure agreement. The entertainment giant wants to keep confidential any trade secrets or proprietary information that come out of...

UPS Begins Layoffs Months after ‘Lucrative’ Union Deal Raising Wages

(Mike Maharrey, Money Metals News Service) Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees, citing a forecast for weaker shipping demand in 2024. The company said the downsizing will save about $1 billion in employee costs. According to a report published...

China Removes Any Criticism of Its Economy from Internet

(Dmytro “Henry” Aleksandrov, Headline USA) The Chinese communist regime started censoring economists and journalists who dared to raise concerns about the poor state of the Chinese economy to save the image of the country's stability. In addition to that, top lieutenants of CCP dictator Xi Jinping urged officials to “promote the...

Disney Smacked Down by Fed. Judge in Lawfare Attack on DeSantis

(Steve Wilson, The Center Square) A federal judge on Wednesday smacked down Disney's last-ditch lawfare attack on Gov. Ron DeSantis and the state of Florida, dashing its hopes to force the Republican leader to reinstate a longstanding sweetheart deal that gave the entertainment corporation unprecedented levels of autonomy. "As stated...

Hack SNL Writers Don’t Know What ‘De-Banking’ Means

(Ken Silva, Headline USA) Donald Trump recently made it a part of his presidential platform to prevent financial institutions from arbitrarily closing the customers’ accounts over their political views—a process known as “de-banking.” De-banking became a national issue when numerous critics of COVID-19 restrictions lost their accounts. Others, such as...

Texas Gov. Greg Abbott Delivers a Vote of No Confidence

(Clint Siegner, Money Metals News Service) Texas Gov. Greg Abbott gave up on the Biden administration doing much to secure his state’s border with Mexico. An estimated 6 million people, including large numbers of fighting age men, have been pouring illegally into border states over the past 3 years. Abbott...

FTC Investigating Big Tech’s Partnerships with AI Firms

(Headline USA) U.S. antitrust enforcers are opening an inquiry into the relationships between leading artificial intelligence startups such as ChatGPT-maker OpenAI and the tech giants that have invested billions of dollars into them. The action targets Amazon, Google and Microsoft and their sway over the generative AI boom that’s fueled...

Auto-Dealers Urge Biden to Halt EPA’s Draconian Emissions Standards

(Headline USA)  More than 4,700 automobile dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency's efforts to enforce stricter vehicle-pollution standards. The missive comes just weeks before the agency’s expected ruling on its tailpipe-emissions proposal, which addresses both climate change...

Canadian Court: Trudeau’s Attacks on Freedom Convoy Were Illegal

(Jacob Bruns, Headline USA) A Canadian Court has ruled that the country's prime minister, Justin Trudeau, took unjustified actions against Canadian truckers who protested the liberal nation's stringent lockdowns in February of 2022, the Guardian reported Tuesday. Justice Richard Mosley called Trudeau's actions as Prime Minister "unreasonable and illegal" in...

9th Circuit: FBI Illegally Raided Hundreds of Safe-Deposit Boxes

(Ken Silva, Headline USA) The 9th Circuit Court of Appeals ruled Tuesday that the FBI acted unlawfully in March 2021, when it raided hundreds of renters’ safe-deposit boxes in Beverly Hills, conducted criminal searches of them all, and attempted to permanently keep everything in the boxes worth more than...
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