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Friday, November 22, 2024

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Embattled Boeing Considers Temporary Layoffs as Worker Strike Piles on Struggles

(Headline USA) Boeing told employees Monday that it planned to freeze hiring and reduce travel and was considering temporary layoffs to save cash during a factory workers’ strike that began last week. The troubled company said the moves, which include reduced spending on suppliers, were necessary because “our business is...

American Consumers Spending More, Getting Less

(Mike Maharrey, Money Metals News Service) Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. The retail sales data only tells us...

The High Stakes of Silver: A Billy the Kid Poker Parable

(Jon Forrest Little, Money Metals News Service) An old Sunday school story may be the best metaphor for the risks of today's high paper-to-silver ratio. Let me take you back to the Old West, New Mexico specifically. There are over 15,000 abandoned mining sites in New Mexico, a state which boasts...

Greg Weldon on Inflation, Debt, and the Rise of BRICS: Insights for Savvy Investors in 2024

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Greg Weldon, founder and CEO of Weldon Financial, to discuss the latest trends in inflation, central bank policy, consumer debt, and the global shift led by BRICS nations. Weldon, a 40-year market veteran,...

Americans May Foot $3.4B Bill for Haitian Benefits Under Biden-Harris

(Luis Cornelio, Headline USA) American taxpayers may soon be responsible for up to $3.4 billion in costs due to the Biden-Harris administration's benefit program for Haitian nationals, a new study by the Daily Mail has found.  This staggering figure stems from the scandal-embroiled administration’s controversial CHNV program, which flies 30,000 Haitian...

Biden Handed Taliban $7B in Weapons, $57M in Cash During Withdrawal

(Luis Cornelio, Headline USA) The U.S. withdrawal from Afghanistan in 2021 proved profitable for the Taliban, according to a report by the House Foreign Affairs Committee. The Biden-Harris administration’s withdrawal left behind $7 billion in U.S. weapons and $57 million in currency, likely benefitting the Taliban's dealings with other terrorist regimes, according...

FBI Gave $500M in Contracts, Including No-Bid Work, to Same Person

(Ken Silva, Headline USA) The DOJ’s Inspector General published a scathing report Thursday about the FBI’s use of a ballistic researcher, finding that the bureau awarded sole-source contracts for ballistic research assistant services to the same individual for the last 18 years. That contractor, which was not named, has provided...

Right-wingers Duped to Covertly Work for Russia, DOJ Says

(Headline USA) They have millions of followers online. They have been major players in right-wing political discourse since Donald Trump was president. And they worked unknowingly for a company that was a front for a Russian influence operation, U.S. prosecutors say. An indictment filed Wednesday alleges a media company linked to six...

Fake News Nearly Turns Beloved Southern Rockers into Bud Light

(Ben Sellers, Headline USA) It has been a quadrennial rite of passage for left-wing performing artists to virtue-signal their values in the most petty possible way---not only by ruining their music for fans with inane political statements, but by actively denying political opponents the right to license their music. Already...

DOJ Declares War on U.S. Economy: Stocks Tumble after Nvidia Antitrust Probe Announced

(Headline USA) Attorney General Merrick Garland's dubious declaration that the Justice Department was launching yet another Russia, Russia, Russia election-interference probe undoubtedly left conservatives suspecting more partisan shenanigans after the endless stream of lawfare attacks on GOP presidential nominee Donald Trump and his allies. However, the DOJ also seemed hell-bent...

AI Chatbots Writing Crime Reports May Revolutionize Policing, but Concerns Abound

(Headline USA) A body camera captured every word and bark uttered as police Sgt. Matt Gilmore and his K-9 dog, Gunner, searched for a group of suspects for nearly an hour. Normally, the Oklahoma City police sergeant would grab his laptop and spend another 30 to 45 minutes writing up...

Are Job Prospects Deteriorating Faster than Previously Thought?

(Orphe Divonguy, The Center Square) – Last week’s data showed that the U.S. economy continues to defy expectations, though the data remains mixed at best. While many leading indicators have been flashing red for most of the past two years, the lagging data has often been revised upwards. For instance,...
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