Wednesday, November 12, 2025

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OPINION: As Tariffs Tank Markets, Economy Thirsts for Tax Cuts

(Deroy Murdock, Headline USA) More carrots, please! Feeling flogged by sticks, Wall Street greeted President Donald J. Trump’s Liberation Day with a bellowing Bronx cheer. On Wednesday, Trump unveiled 10% across-the-board tariffs on all imports, plus reciprocal taxes tailored to foil foreign tariffs on U.S. goods. Financial markets opened Thursday and...

Central Banks Gobbled Up More Gold in February

(Mike Maharrey, Money Metals News Service) Record prices haven't dulled central banks' appetites for gold. Globally, central banks officially added another net 24 tonnes of gold to their reserves in February, according to the latest data released by the World Gold Council. Poland was the biggest buyer in February, adding...

Should Germany Pull Its Gold Out of the U.S.?

(Mike Maharrey, Money Metals News Service) Can the U.S. be trusted with German gold? That’s a question being asked by some German officials. Germany ranks second in gold reserves behind the U.S. It officially holds 3,352 tonnes of gold with about 1,236 tonnes (37 percent) held in Federal Reserve vaults in...

BRICS Nations Pushing Forward With Alternative Global Payment System

(Mike Maharrey, Money Metals News Service) BRICS continues to develop a cross-border payment system that would provide an alternative to SWIFT and minimize reliance on the dollar. Success in the endeavor would accelerate de-dollarization and create significant problems for the U.S. economy. Russia has been pushing particularly hard for the...

Fiscal Experts Urge Republicans to Gut Green Energy Subsidies via Tax Legislation

(Thérèse Boudreaux, The Center Square) While top Republican lawmakers discuss how to offset the cost of extending President Donald Trump’s tax cuts, dozens of fiscal and energy policy organizations are telling them to start with cutting green energy subsidies. House Republicans have been struggling for months over how to finance...

Despite DOGE, Trump’s Spending on Pace to Exceed Biden’s

(José Niño, Headline USA) Elon Musk has been vocal about his goal to reduce federal spending by $1 trillion. This amount would halve the federal budget deficit and significantly move the U.S. closer to curbing the growth of its debt relative to the economy’s size. However, early indications are that...

Lawyers PAC Funnels over $1 Million to Illinois Democrats

(Kevin Bessler, The Center Square) – A new report reveals how a trial lawyer's political action committee has spent more than $1 million exclusively on Democratic candidates and committees since Election Day 2022. The report is called “Follow the Money: How Illinois Trial Lawyers Fuel a Lawsuit-Friendly Legislature” and was compiled...

Luxury Brand Manager Exposed as Woman in Viral MAGA Hat Attack

(Luis Cornelio, Headline USA) The unhinged New York woman who attempted to snatch a MAGA hat from a young man at a train stop last week has been identified as Alberta Testanero, the creative director for several luxury brands—according to the New York Post.  Testanero is a 55-year-old Italian American infamous...

Venmo Voyeurism: Mike Waltz’s App Reveals Journalist Contacts

(José Niño, Headline USA) National security adviser Michael Waltz continues to face scrutiny after he included Jeffrey Goldberg, the editor-in-chief of The Atlantic, in a Signal chat where war plans about bombing Yemen were being discussed.  On Wednesday, it was revealed that his Venmo friend list was publicly accessible until...

LA Seeks $1.9B Bailout Amid $1B Deficit, $38M in Lost Revenue from Fires

(Kenneth Schrupp, The Center Square) Los Angeles is seeking a $1.9 billion state bailout after receiving $2.5 billion in state aid thus far. Los Angeles faces a $1 billion deficit due to spending vastly outpacing revenues — issues that predated the fire and which City Controller Kenneth Mejia has long...

Tim Walz Backtracks after Tesla Comments, Says He Was ‘Being a Smart-Ass’

(Maire Clayton, Headline USA) Minnesota Governor Tim Walz backtracked Saturday after saying he enjoyed watching Tesla stock go down. "I have to be careful about being a smart-ass. I was making a joke," he stated. "These people have no sense of humor. They are the most literal people." https://twitter.com/CollinRugg/status/1903605326999671028     He admitted he...

Opening Statements Set for Bribery Trial of Nadine Menendez, Wife of Ex-Sen. Bob Menendez

(Headline USA) Opening statements are scheduled Monday in the bribery trial of Nadine Menendez, whose prison-bound husband, former U.S. Sen. Bob Menendez, complained she was being treated unfairly by Manhattan federal prosecutors. Nadine Menendez, 58, was originally scheduled to go to trial last year along with the 71-year-old New Jersey...
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