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Friday, May 3, 2024

FINANCE

Apple Delays Plan to Scan iPhones for Child Sex Abuse Images

(Headline USA) Apple said Friday it's delaying its plan to scan U.S. iPhones for images of child sexual abuse, saying it needs more time to refine the system before releasing it. The company had revealed last month that it was working on a tool to detect known images of child sexual...

Democrat Governor Says His Blue State’s Income Tax Rate Should Be ZERO

(Robert Davis, The Center Square) Colorado Gov. Jared Polis said the state's income tax “should be zero” during a panel discussion at a conservative conference on Friday. During the discussion hosted by the Steamboat Institute, a conservative non-profit group, Polis responded to a question about how the state should balance its economic growth with...

Billionaire Gurus Increasingly Point to Gold

Mega investors have been talking up the merits of gold ownership lately. For example, the billionaire hedge fund manager who executed the “greatest trade ever” in 2007 is now pounding the table about the opportunity in hard money. John Paulson rose to fame during the subprime mortgage crisis of 2007-2008 when...

When Will It Be Time to Sell Precious Metals?

(Clint Siegner, Money Metals News Service) Clients often ask when they should sell precious metals. We usually suggest one basic rule around the timing. After that, the decision to sell will depend upon whether your reasons for holding gold and silver have changed. The basic rule is to avoid selling based on...

S. Korea Bans Google, Apple from Monopolistic Control of App Stores

(Headline USA) The leftist administration in South Korea need not worry about a situation like that faced by former US President Donald Trump when he was deplatformed after the Jan. 6 Capitol uprising. The Asian country’s National Assembly approved legislation on Tuesday that bans app store operators such as Google...

Fed Chairman Doubles Down on Loose Money as Inflation Rages

(Mike Gleason, Money Metals News Service) Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that high inflation readings will come...

INFLATION EXPLOSION: Price Index Posts Fastest Annual Gain in 30 Years

(Headline USA) Growth in U.S. consumer spending slowed in July to a barely detectable increase of 0.3%, while inflation over the past 12 months hit its fastest pace in three decades. Last month's spending was not even a third of the 1.1% rise in June, the Commerce Department reported Friday. Consumer prices...

Verizon Hops on Critical-Race Bandwagon, Tells Employees that US Built on Racism

Verizon is following the corporate 'woke' bandwagon in conducting race-based training with a pedigree from Critical Race Theory that teaches that fundamentally the US is a racist nation, said a researcher who received internal documents on the Verizon training. Verizon’s corporate slogan is "Built Right." If Verizon executives want to...

NM’s Governor Drives Gas-Guzzler; Imposes Fuel Efficiency Mandates on Everyone Else

(The Center Square) New Mexico Gov. Michelle Lujan Grisham drives a car with an average fuel economy of less than 13 mpg, according to records obtained by Power the Future and first reported by The Federalist. At the same time, Lujan Grisham committed the state in 2019 to new energy efficiency...

AN ACCOUNTING: Devastating Human, Financial Costs of Afghanistan War

(Brad Polumbo, Foundation for Economic Education) The chaotic aftermath of the US military’s withdrawal from Afghanistan is making international headlines and capturing the world’s attention. Lost in this conversation is the true scope and cost of the 20-year war that is finally coming to an end. But a new Ivy League report...

Play the Odds: Avoid Gambling in Rigged Markets

Is America becoming a nation of gamblers? The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos. The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegas Review-Journal. Casinos in Las Vegas, Massachusetts,...

STUDY: Businesses’ Exodus from Calif. ACCELERATES in 2021

(Cole Lauterbach, The Center Square) A report studying business headquarter migration says California’s businesses are moving their centers of operations at a much higher rate in 2021 compared to previous years. The Hoover Institution at Stanford University on Monday released its report, “Why Company Headquarters are Leaving California in Unprecedented Numbers.” The authors use several different...
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