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Saturday, November 16, 2024

FINANCE

National Debt to GDP Ratio Worse than CBO Estimates

(The Center Square) - New budget estimates show that the growth of the national debt is worse than previously thought. The U.S. Congressional Budget Office released projections in May that the national debt will hit 110% of U.S. Gross Domestic Product by 2032. Now, with interest rates higher and GDP...

Failing Disney Brings Back Ex-CEO Iger for Reset after Culture-War Flop

(Headline USA) The Walt Disney Company has tapped its former CEO Bob Iger to return to head the company for two years, firing his successor Bob Chapek in a move that stunned the entertainment industry. “The Board has concluded that as Disney embarks on an increasingly complex period of industry...

Mike Rowe: Millions of Young Men Not Looking for Work in U.S.

(Dmytro “Henry” Aleksandrov, Headline USA) On Thursday’s Tucker Carlson Tonight, FOX Business host Mike Rowe talked about the problem that America faces right now - a growing number of able-bodied men who are not seeking a job, according to Fox News. He said that 7 million able-bodied men between the...

Veil Is Lifted on Bankman-Fried’s Scandalous FTX Oversight

(Mark Pellin, Headline USA) As additional layers are peeled from the rotten FTX crypto-onion, the stench surrounding Democrat mega-donor Sam Bankman-Fried's grift grows increasingly retched. The cryptocurrency company this week folded seemingly overnight under a Ponzi-scheme bank rush on its assets. But FTX was long a financial mess, according to its newly appointed...

Biden Admin. Warns of Spike in Student-Loan Defaults if Courts Reject Amnesty

(Jacob Bruns, Headline USA) The Biden administration warned in a legal filing Tuesday that if the courts reject a controversial student-loan bailout, there will be a massive spike in defaults, potentially causing an economic crisis. Education Department Undersecretary James Kvaal issued the warning soon after the Justice Department asked a...

Starbucks Workers Plan Strikes at More Than 100 U.S. Stores

(Headline USA) Those hoping to enjoy the annual rite of seeing ultra-woke Starbucks spread its secular holiday cheer are in for a disappointment as the coffee chain's spoiled leftists employees plan to shut down its traditional kickoff to the festive yuletide season. Starbucks workers at more than 100 U.S. stores...

Musk Fires Twitter Engineer on the Spot for Insubordinate Tweet

(Jacob Bruns, Headline USA) After a lowly Twitter engineer fired off a tweet meant to question Chief Twit Elon Musk's leadership, he was promptly fired. The exchange began when Musk apologized “for Twitter being super slow in many countries," saying there was an issue with the number of remote-procedure calls...

Fed Uses FTX Crypto Scandal to Launch Its Own Digital Dollar

(Jacob Bruns, Headline USA) Taking advantage of the recently crippled cryptocurrency market, the United States Federal Reserve has decided to launch its own form of digital currency. The Federal Reserve Bank of New York will begin a 12-week experiment, wherein it will practice the management and administration of a state-sponsored...

Disney to Lay Off Employees after Billions in Operating Losses

(Jacob Bruns, Headline USA) The woke Disney Corporation is reeling as it suffers massive financial losses across the board, hitting both stockholders and employees. According to a recently leaked memo from the entertainment industry giant's CEO Bob Chapek, the company will engage in both a hiring freeze and massive layoffs,...

Mitch McConnell Got $2.5M from FTX via Ukraine Slush Fund

(Jacob Bruns, Headline USA) A political-action committee connected to Senate Minority Leader Mitch McConnell, R-Ky., received $2.5 million from the recently-disgraced FTX cryptocurrency company, which has strong leftist ties, according to campaign finance reports. https://twitter.com/sandyleevincent/status/1592211614853652481 Interestingly, the money McConnell recieved for distribution to various RINO senatorial candidates can be traced back...

Elon Musk Axes Twitter’s Outsourced Content Moderators

(Headline USA) Twitter’s new owner Elon Musk is further gutting the teams that battle alleged misinformation, usually to the extreme benefit of leftists and Democrat, on the social media platform as outsourced moderators learned over the weekend they were out of a job. Twitter and other big social media firms...

IG Report Shows Nearly Half of All COVID Relief Lost to Fraud, Gov’t Waste

(The Center Square) As much as $400 billion in COVID-19 unemployment relief dollars were likely lost to waste and fraudsters. Lawmakers want answers. Republicans on the House Ways and Means Committee sent a letter to the U.S. Department of Labor demanding documents and information related to the unemployment fraud. “Since the...
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