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Tuesday, November 5, 2024

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Billions Gone and Little to Show for It after ‘Mind-Boggling’ COVID Fraud

(Casey Harper, The Center Square) Years after the passage of federal COVID-era relief and the subsequent loss of likely hundreds of billions of those taxpayer dollars, lawmakers are still unsure where that money went, how to get it back, and seemingly have done little to prevent it from happening...

Media Companies Sue Butler County for 911 Calls from Trump Shooting

(Ken Silva, Headline USA) The Intercept, Scripps News and NBC News have all sued Butler County for refusing to release 911 recordings from the July 13 rally in which former President Donald Trump was nearly assassinated. Butler County had denied all three outlets’ requests for the 911 calls on the...

Consumer Debt Surges Again as Broke Americans Try to Make Ends Meet

(Mike Maharrey, Money Metals News Service) Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow. After slowing for two straight months, consumer debt surged again in July, driven by an uptick in...

Shell Game: How America’s Money Devolved from Gold to Fiat

(Joshua D Glawson, Money Metals News Service) Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea’s location, only to realize that no matter how...

Apple’s Upcoming iPhone Will Catapult Tech Trendsetter into the Age of AI

(Headline USA) Apple's ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up its frequently dim-witted assistant Siri to creating customized emojis on the fly. The new era will dawn Monday with the unveiling of the hotly anticipated iPhone...

Federal Government Claims 142,000 Jobs Were Added in August

(Steve Wilson, The Center Square) According to data released by the U.S. Bureau of Labor Statistics, total nonfarm payroll employment grew by 142,000 in August, but the nation's unemployment rate remained at 4.2%. According to the report, the jobs numbers were in line with average job growth in recent months, but...

Judge Gives DOJ Until End of Year to Propose Penalties for Google

(Headline USA) A federal judge on Friday gave the U.S. Justice Department until the end of the year to outline how Google should be punished for illegally monopolizing the internet search market and then prepare to present its case for imposing the penalties next spring. The loose-ended timeline sketched out...

A Silver Tea Cup! Epic 45-Year Pattern Should Have Traders Drooling

(Mike Maharrey, Money Metals News Service) Gold has been on quite a bull run this year, but silver has lagged.  The wide gold-silver ratio tells us that silver is historically underpriced compared to gold, and it’s clear that the white metal isn’t priced for the supply and demand dynamics. What gives? In...

Is Gold in the Beginning Stages of a Bullish ‘Supercycle?’

(Mike Maharrey, Money Metals News Service) Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has...

Central Bank Gold Buying Doubled in July

(Mike Maharrey, Money Metals News Service) Central bank gold buying more than doubled in July, as policymakers showed a continued commitment to increasing the percentage of yellow metal in their reserves.  Globally, central banks added a net 37 tons of gold to their holdings in July, according to the latest...

Ohio Prisoners Serve Five-Course, Garden-to-Table Meals to Public on Facility Grounds

(Headline USA) A state prison in northeast Ohio said last week that for the first time in the state's history, a five-course meal was served to members of the public with food prepared by incarcerated men from fruits and vegetables grown in the prison garden. Almost 60 people dined at...

How Inflation Hurts Even at the Municipal Level

(T.A. DeFeo, The Center Square) Inflation and higher construction costs are affecting municipal projects nationwide. Case in point: A typical parking lot project in downtown Smyrna. Like many cities, officials in the Atlanta suburb say they need more parking in the downtown area. "We had originally planned for a parking deck...
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