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Friday, November 15, 2024

FINANCE

Nanny-State Newsom to Regulate Fast-Food Industry; Pushes $22 Minimum Wage

(Madison Hirneisen, The Center Square) California Gov. Gavin Newsom signed landmark legislation Monday that will create a state council to set regulations for the fast food industry, a measure supporters say will give industry workers a voice in determining workplace standards. Newsom’s signature on Assembly Bill 257 allows the creation...

Feds Bemoan Inflation, Recession w/ Country at Labor Day Crossroads

(Joe Mueller, The Center Square) As the nation pays tribute to the American workers' contributions and achievements on Labor Day, economists with the Federal Reserve Bank of St. Louis say the labor market and the economy are at a crossroads. William M. Rodgers III, the vice president and director of the...

States Plan to Tax Student Loan Debt Relief

(Headline USA) President Joe Biden's student loan forgiveness could be taxed in some states, meaning borrowers who will have their debt forgiven will likely have to pay hefty fees if their debt is forgiven. That's because some states tax forgiven debt as income, which means borrowers who are still paying...

Pocahontas Stumped by CNN’s Challenge to Student-Loan Talking Points

(Jacob Bruns, Headline USA) Even corporate media hack Dana Bash of CNN baffled Sen. Elizabeth "Pocahontas" Warren, D-Mass., earlier this week, by asking Warren basic questions about President Joe Biden's student loan forgiveness scheme. In an appearance on Bash's State of the Union show, Warren used emotional theatrics to try...

Bank of America’s Racist Homeowner Program Accused of Redlining, Risky Lending

(Joshua Paladino, Headline USA) Bank of America unveiled a new program on Tuesday that appeared to introduce racial and cultural factors into its approval of home loans, drawing criticism that it may instead perpetuate both racism and risky lending practices. Its Community Affordable Loan Solution will let Americans who plan...

As Midterms Approach, Democrat Govs. Join Red States in Pushing Tax Cuts

(Headline USA) Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson's objection: He wanted a bigger, longer-lasting tax cut. “Now is the time for...

Musk: Whistleblower Allegations Are Another Reason to Exit Twitter Deal

(Headline USA) Elon Musk and Twitter lobbed salvos at each other Tuesday in the latest round of legal filings over the billionaire Tesla CEO's efforts to rescind his offer to buy the social media platform. Musk filed more paperwork to terminate his agreement to buy Twitter, this time based on...

AOC Tells Deadbeat Borrowers to Seek Refunds on Prior Loan Payments

(Jacob Bruns, Headline USA) Rabid leftist Rep. Alexandria Ocasio-Cortez encouraged student loan borrowers to request refunds on payments made during the COVID pandemic, especially in light of President Joe Biden's new student loan forgiveness program, Just the News reported. According to the federal government's website called Studentaid.gov, refunds of up to...

SHOCK POLL: 62% of Biden Voters Are in Denial about Recession

(Jacob Bruns, Headline USA) Apparently duped by the Biden administration's attempt to redefine the word "recession" in alliance with their comrades in the corporate media and Big Tech, nearly two thirds of supporters of President Joe Biden do not believe that America is undergoing an economic decline. Out of all...

Twitter in Turmoil as Whistleblower Sheds Light on Security Ineptitude

(Headline USA)  A recent bombshell whistleblower report from Twitter’s former head of security alleges that the social media company has been negligently lax on cybersecurity and privacy protections for its users for years. While worrisome for anyone on Twitter, the revelations could be especially concerning for those who use it...

Virtue-Signaling Blue States Renege on Pledges to Divest from Russia

(Headline USA) Driven by moral outrage over Russia’s invasion of Ukraine earlier this year, U.S. governors and other top state officials made it clear: They wanted to cut their financial ties with Russia. A few states quickly followed through. Idaho sold $300,000 of bonds in a Russian oil company in...

Fed Chief: No Plans to Slow Interest-Rate Hikes as Record Inflation Persists

(Headline USA) Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Powell also warned more explicitly than he has in the past that the...
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