Wednesday, May 14, 2025

FINANCE

Ex-NYC Mayor de Blasio Agrees to Pay $330K for Misusing Public Funds on Failed White House Bid

(Headline USA)  Former New York City Mayor Bill de Blasio has agreed to pay a $329,794 fine to settle an ethics board’s complaint that he misspent public funds on his security detail during his brief, failed run for U.S. president. The deal, announced Wednesday by the city’s Conflicts of Interest...

$3.8 Trillion Bill Codifying Trump Tax Cuts Passes House Committee

(Thérèse Boudreaux, The Center Square) After 17 hours of debate, lawmakers on the House Ways and Means Committee voted along party lines to advance Republicans’ $3.8 trillion tax cut bill, a significant step forward in codifying President Donald Trump’s campaign priorities through the budget reconciliation process. Under the Republican budget...

Newsom Calls for Ending New Medi-Cal Enrollments for Adult Illegal Immigrants

(Dave Mason, The Center Square) California Gov. Gavin Newsom on Wednesday called for an end to new enrollments of adult illegal immigrants in Medi-Cal to save more than $5 billion. The proposal by the governor, who's viewed as a potential Democratic presidential candidate in 2028, is a reversal of his...

Trump Meets With Syria’s Al-Qaeda Leader-Turned President, Praises His ‘Strong Past’

(Dave DeCamp, Antiwar.com) On Wednesday, President Trump met with Ahmed al-Sharaa, the founder of al-Qaeda in Syria, who became the country’s de facto leader after his rebranded group of jihadists, known as Hayat Tahrir al-Sham (HTS), took power in Damascus in December 2024. Trump said he had a “very good” meeting with...

The Logic of Debt Under Fiat: The Student Edition

(Joakim Book, Money Metals News Service) Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world. Unlike gold or silver as sound money, under fiat currency thrift is penalized, financial surpluses are burdens, and losses are good. With tax...

GOP Budget Plan Limits SNAP Work Requirement Waivers, Tells States to Help Pay

(Thérèse Boudreaux, The Center Square) Republican lawmakers are prepared to defend their budget plan that shifts some of the costs of the Supplemental Nutrition Assistance Program to the states and better enforces SNAP work requirements. Under the Republican budget reconciliation framework, the House Committee on Agriculture must find savings of...

Trump Will Lift All Sanctions on Syria, Will Meet HTS Leader Wednesday

(Jason Ditz, Antiwar.com) President Trump has announced that he will lift all sanctions the US has against the Syrian government, which he says will “give them a chance at greatness.” He will also meet Syria’s leader, Hayat Tahrir al-Sham (HTS) leader Ahmed al-Sharaa on Wednesday. The US has had sanctions...

Money Metals Exchange Announces International Sound Money Scholarship For 10th Straight Year

(Sound Money Defense League, Money Metals News Service) For the tenth straight year, a leading U.S. precious-metals dealer has teamed up with the nation’s preeminent sound money policy groups to help students pay for the ever-increasing costs associated with continuing education. Money Metals Exchange, Sound Money Defense League, and the Sound Money Foundation are proud...

Review: World Silver Survey 2025

(Peter Krauth, Money Metals News Service) The Silver Institute recently released its highly anticipated annual World Silver Survey 2025 (WSS). It’s one of the few deep reviews of the silver markets, and it’s compiled by Metals Focus for the Silver Institute. With the benefit of hindsight, the authors look back at...

Here’s What Copper Is Saying About Silver

(Jesse Colombo, Money Metals News Service) As a silver investor and analyst, I closely track copper because of its strong correlation with—and influence on—silver. Silver is unique in that it’s both a precious metal and an industrial one, with industrial demand making up about 55% of total usage. This...

April Budget Surplus Papers Over U.S. Government Spending Problem

(Mike Maharrey, Money Metals News Service) The federal government ran a big budget surplus in April, but don’t get too excited. Uncle Sam hasn’t solved its spending problem. In fact, it’s getting worse. The U.S. government typically runs a surplus in April with the surge of tax receipts. This year, federal...

Gold Overtakes Stocks as “Best Long-term Investment” Behind Real Estate in Latest Gallup Poll

(Mike Maharrey, Money Metals News Service) Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate. In the latest survey, 23 percent of the respondents chose gold as the best...
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