FINANCE
White House Claims Vax Mandate Won’t Disrupt Supply Chain
The White House dubiously insisted on Thursday that President Joe Biden’s sweeping employer vaccine mandate would not exacerbate supply-chain issues before the holidays.
"If you're asking if we think the rules impact supply chains, the answer is no, we don't think that it will," deputy press secretary Karine Jean-Pierre...
Abbott Offers Solution for Ships Stuck in California Ports
Texas's Republican Gov. Greg Abbott offered a Texan solution via Twitter to California's ongoing shipping crisis, which has created nationwide supply-chain shortages.
In the video accompanying the tweet, Abbott suggested that Texas ports replace the regulation-laden California as America's primary place of importing foreign consumer product.
According to Abbott, California has...
Hyperbolic Twitter CEO Predicts Hyperinflation
(Mike Gleason, Money Metals Exchange) As trading closes out for October ahead of Halloween, the specter of inflation is haunting markets.
While some investors still cling to the hope that it will be transitory, a growing number are now worried that pricing pressures and even shortages will intensify heading into...
Ben & Jerry’s Loses $111M in Pension Funds over Israel Boycott
Ben & Jerry’s lost $111 million in pension funds for its parent company, Unilever, because of its boycott of Israel.
The New York State Common Retirement Fund announced on Thursday that it would pull tens of millions of dollars in investments out of Unilever because Ben & Jerry insists on...
Iowa Passes Bill Guaranteeing Unemployment for Workers Fired Over Vax Mandate
Iowa passed a bill on Thursday that would guarantee workers who are fired over the Biden administration's COVID-19 vaccine mandates are eligible to receive unemployment benefits.
The bill makes sure employees who are denied medical and religious exemptions from vaccine mandates will be protected under state law and eligible for...
Bank Leaders Bash Biden’s IRS Snooping Plan
(The Center Square) House Republicans held a meeting Tuesday to invite banking leaders to share their feedback on President Joe Biden’s proposed IRS monitoring program, which has been met with widespread disapproval and skepticism.
For months, Biden has looked to beef up IRS auditing to help fund several trillion dollars...
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...
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