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Tuesday, April 23, 2024

FINANCE

Woke Treasury Dept. Names First Counselor for Racial Equity

(Headline USA) The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet Yellen said Monday that Janis Bowdler will be the department's first counselor for racial equity, part of...

CARTER REDUX: Fed Warns that Biden’s ‘Normal’ Economy May Be in Recession

After Democrats promised a “return to normalcy” with a Biden presidency, the Atlanta Federal Reserve is warning Americans that at least as to the economy, not so fast. The Atlanta Fed's Q3 GDP forecast/nowcast started out at 6.3% back in early August. Here in mid-October, we're close to ZERO. In...

SHOCK POLL: Only 4 in 10 Dems Blame Biden for Inflation

(The Center Square) Amid a growing number of self-inflicted crises and perpetual mismanagement, a Morning Consult/POLITICO poll released Wednesday found that around 60% of all self-identified Democrats remained in strict denial about the root cause of the problem: the Biden administration. Inflation has continued to rise in the last year,...

Expert Says Business Relations w/ China a ‘Very Dangerous Thing to Do’

A leading authority on business in China, China Beige Book CEO Leland Miller, told Fox’s Maria Bartiromo that the days of easy business with China are likely done. Pursuing business in China today is “a very dangerous thing to do,” Miller said on Mornings with Maria. He said financial and multinational...

Biden’s Financial Meltdown Threatens Holidays w/ Delays, Shortages and Price Hikes

(The Center Square) A series of economic struggles that have grown increasingly worse this year will likely have a significant impact on the holiday season, many economic experts predict. After President Joe Biden gave remarks from the White House this week, one reporter called out, “Will Christmas presents arrive on...

NC Treasurer Pressured to Divest from Anti-Semitic Ben & Jerry’s

(Nyamekye Daniel, The Center Square) North Carolina will hold off on withdrawing its investments from Ben & Jerry's holding company Unilever because of its decision to leave the Occupied Palestinian Territory (OPT), State Treasurer Dale Folwell announced last week. Folwell was pressured by ethics watchdog group National Legal and Policy...

Biden Revises IRS Snooping Threshold to $10K; Banks Still Opposed

(The Center Square) The Biden administration is making changes to its plan to require banks to report to the IRS on all accounts with at least $600, but banks say those changes are not enough. Biden has pitched increasing federal tax revenue through more auditing and a stricter IRS as...

Budget Reconciliation Bill Includes $6B in Fines, Fees on Oil and Gas Industry

(Bethany Blankley, The Center Square) About $6 billion in new taxes, fees and fines specific to the oil and gas industry are on the table in President Joe Biden's $3.5 trillion budget reconciliation plan before Congress. Four groups representing hundreds of oil and gas businesses have urged Congress to scrap...

Fed Chairman Sold Up To $5M in Stocks Before Market Crashed During COVID

Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million in stocks right before the Dow took a dive at the beginning of October 2020, according to public disclosures. The disclosure, obtained by the American Prospect, shows Powell sold up to $5 million worth of Vanguard Total Stock...

Republican Arkansas Gov. Supports Employer Vax Mandates

Arkansas Gov. Asa Hutchinson, considered by some to be a "Republican in Name Only," said he supports employer vaccine mandates even while other Republican states ban them as an infringement on personal liberty. Referring to the other GOP states that have banned vaccine mandates, such as Florida and Texas, Hutchinson...

Gaslighting Psaki Claims Inflation a ‘Good Thing’ for Americans

According to President Joe Biden's press secretary, Jen Psaki, inflation is good for America and Americans in general. Psaki told CNN on Friday that inflation is a "good thing" because it indicates that "consumers" are buying more things. In reality, inflation is largely the result of the government itself pumping more...

WHERE’S PETE?: Transportation Secretary MIA During Shipping Crisis

During a historic worldwide supply-chain crisis that is largely the result of inadequate shipping needs, Transportation Secretary Pete Buttigieg is nowhere to be found. As Politico reports, "Pete Buttigieg has been MIA." The "mission" of the Transportation Secretary, according to the U.S. Department of Transportation, is "to ensure America has the...
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