FINANCE
Fed Issues Another Major Rate Hike as Powell Parrots Biden Admin’s Recession Denials
(Headline USA) The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation, which has run rampant under the misguided policies of the Biden administration.
The Fed’s...
Woke, Leftist Facebook Parent Meta’s Revenue Tanks
(Headline USA) Facebook and Instagram's parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.
The company's stock dropped slightly in after-hours trading following the results, suggesting Wall Street was...
Globalist Rockefeller Foundation Plans to Dedicate All Its Resources to Green Agenda
(Headline USA) The Rockefeller Foundation---a far-left "philanthropy" created more than a century ago to help inheritors in one of the world's wealthiest families shelter their assets---may be pushing for an even bigger power-grab than when the family patriarch once held a monopoly on the U.S. oil industry.
The globalist organization...
Could Facebook’s TikTok-Like Redesign Be the End of Social Media?
(Jacob Bruns, Headline USA) Social Media as we know it may be over as Facebook moves towards a TikTok-like model, Axios reported.
No longer will the famous social network simply show you the posts of your friends---a model that founder Mark Zuckerberg perfected in 2004 from earlier prototypes like Friendster...
REPORT: Inflation Is Hammering Rural America
(The Center Square) A report from Iowa State University shows that rural Americans are feeling the pain of inflation more than the rest of the country.
“Rural households are more vulnerable to inflation,” the report said. “In 2020, rural household post‐tax incomes stood at $58,012. About 82% of rural incomes...
Janet Yellen Argues US Economy Not ‘Technically’ Headed for Recession
(Molly Bruns, Headline USA) Treasury Secretary Janet Yellen said in an interview that the U.S. economy may not necessarily be headed for a recession even if the gross domestic product experiences two consecutive quarters of decline.
On NBC's "Meet the Press," Yellen acknowledged that most economists define a recession as...
Ford Laying Off Much of Salaried Staff to Pay for EV Transition
(Headline USA) Less than two months after announcing it would apply $134 million of taxpayer dollars for retooling two Michigan plants, news reports this week surfaced that revealed Ford Motor Company would lay off approximately 8,000 salary workers.
According to The Center Square, the job cuts are part of the automaker’s effort...
Youngkin: $2 Billion Surplus Sign Virginia Taxes too High
(Headline USA) Virginia recorded a budget surplus of nearly $2 billion at the close of the fiscal year, which Gov. Glenn Youngkin believes is a sign taxpayers are forced to give too much money to the government.
“While I am pleased that our additional revenue can be reinvested in Virginia,...
Large Donor to Hochul Discovered to be Covid Test Manufacturer
(Molly Bruns, Headline USA) A New York City family donated hundreds of thousands of dollars to Governor Kathy Hochul's campaign, while the state paid the family's company more than half a billion dollars for COVID testing.
According to The Daily Wire, entrepreneur Charlie Tebele's family donated just under $300,000 to...
Texas, Florida GOP Lawmakers at Odds over CHIPS Act
(Bethany Blankley, The Center Square) While some Texas Republicans are urging Congress to pass a $250 billion CHIPS Act, Florida’s Republican U.S. senators are opposing it, arguing it will continue to drive “Biden’s inflation crisis,” is a pro-China bill and gives billions of dollars to companies with no accountability.
Proponents...
Globalist Investors Suddenly Gung-Ho about Oil Companies
(Tony Sifert, Headline USA) Even as the Vatican encourages Catholic investors to divest from fossil-fuel corporations, more realistic fund managers are increasing their investments in oil and gas, according to a report from Bloomberg.
"European-based ESG equity funds have been increasing their investments in energy companies, including Shell Plc,...
China–Russia Alliance Developing Global Reserve Currency to Counter U.S. Dollar
(Headline USA) Russia and China are reportedly working together to develop a new global reserve currency to challenge the dominance of the U.S. dollar, according to reports in RT.com.
Russian President Vladimir Putin signaled recently that the new reserve currency would be based on a basket of currencies from so-called...
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