FINANCE
Inflation Is Still Hot and the Fed Isn’t Willing to Tame It
(Mike Gleason, Money Metals Exchange) As inflation data comes in hotter than expected, markets are reassessing the outlook for rate cuts.
This week’s Consumer Price Index report showed the CPI rising 0.4% in February. That was the largest increase since last September. Higher gas prices and housing costs were major...
Ex-FBI Trainee Sentenced to 15 Months for $1.4M Insider Trading Scheme
(Ken Silva, Headline USA) Former FBI trainee Seth Markin was sentenced to 15 months imprisonment Wednesday for participating in a $1.4 million insider trading scheme.
Markin’s sentenced was announced by the U.S. Attorney’s Office for the Southern District of New York, which prosecuted the case. Markin was arrested in July...
Wisconsin Senate Votes to End Taxes on Sound Money
(Money Metals News Service, Sound Money Defense League) The Wisconsin Senate has voted in favor of Assembly Bill 29 to end the sales tax on purchases of gold and silver. Joining the state Assembly, which overwhelmingly voted to approve this law last week, Senators voted 23-9 in favor of this...
Biden Made Home-Ownership 80% More Costly, Out-of-Reach for Most
(Bethany Blankley, The Center Square) The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years.
Home buyers in 2024 need 80% more income to purchase a home than they did in 2020, according to a new report by Zillow.
“The income needed...
Restoring Sound Money: The Bob Murphy Show Interviews Jp Cortez
(Money Metals News Service) In an enlightening episode of The Bob Murphy Show, host Bob Murphy delves into the world of sound money with Jp Cortez, the passionate Executive Director of The Sound Money Defense League.
The episode unfolds the narrative of Cortez's journey from a student intrigued by Austrian economics at...
Janet Yellen Regrets Dismissing Inflation As ‘Transitory’
(Headline USA) Treasury Secretary Janet Yellen admitted this week that she regrets dismissing inflation as “transitory” back in 2021.
“I regret saying it was transitory ," Janet Yellen told Fox Business correspondent Edward Lawrence.
"It has come down," she continued, before launching into some Clintonesque semantic wordplay to qualify her mea culpa....
Bernie Berates Fox Reporter for Asking about Proposed 4-Day Work Week
(Headline USA) Sen. Bernie Sanders, I-Vt., lashed out at a Fox Business reporter who questioned him about a proposal to cut the work week by an entire business day while forcing companies to pay the difference.
"I can yell as loud as you," Sanders said, while repeatedly interrupting correspondent Hillary Vaughn.
It...
Menendez Receiving Donations from Iranian Marxist ‘Ex-Terror Group’
(Ken Silva, Headline USA) Responsible Statecraft published an analysis Wednesday showing that New Jersey Democratic Sen. Bob Menendez’s legal defense fund is receiving donations from contributors linked to an Iranian group that used to be listed as a terror organization by the State Department.
Menendez and his wife face multiple charges...
The Federal Budget Deficit Was Back to Normal in February — Massive
(Mike Maharrey, Money Metals News Service) Thanks to record tax receipts, the January budget deficit was "only" $21.93 billion in January.
In February, government receipts fell back to normal. Spending was normal too - normally high. As a result, the February budget deficit was back to normal - massive.
The Biden...
Will Silver Steal the Spotlight?
(Mike Maharrey, Money Metals News Service) Gold has garnered a lot of attention in the last few weeks with its record-setting run. Since the end of February, gold is up nearly 7 percent and set an all-time record of $2,195 an ounce along the way.
This is really good news...
Oakland Businesses Threaten to Cut Off Taxes Until City Fixes Crime
(Headline USA) Business owners in Oakland, Calif., threatened this week to stop paying taxes until the city takes action to combat rising crime rates.
José Ortiz, owner of La Perla Puerto Rican cuisine, said he and several other local entrepreneurs were rallying businesses in the area to agree to stop paying...
Trump, Biden Both Change Tunes on TikTok Ban
(Molly Bruns, Headline USA) As Congress this week mulled the possibility of a nationwide ban on the China-owned social-media platform TikTok, President Joe Biden and former President Donald Trump simultaneously flip-flopped their stances, with Biden endorsing plans to ban the platform and Trump coming out against it.
On Wednesday, in a...
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