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Friday, November 15, 2024

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Home Sales Decline as Mortgage Payments Spike 54% from Last Year

(The Center Square) The National Association of Realtors released new data Wednesday reporting that mortgage payments have risen more than 50% in the last year. The increase hits on the heels of data from the U.S. Census Bureau showing that new home sales fell 12.6% in July, down 29.6% from a...

U.S. Econ. Data Confirm Recession as GDP Decreased 0.6% in 2nd Quarter

(The Center Square) The U.S. Gross Domestic Product decreased by 0.6% in the second quarter of this year, new data from the Bureau of Economic Analysis released Thursday shows, confirming a recession. In the first quarter of this year, GDP decreased by 1.6%. “Real GDP decreased less in the second quarter...

Biden Admin Claims Legality of Loan Amnesty Due to COVID

(Headline USA) The Biden administration claimed its supposed authority to transfer the burden of student-loan expenses from debtors onto all U.S. taxpayers stemmed from loopholes brought about by the coronavirus pandemic and to a 2003 law aimed at providing help to members of the military. Legal challenges are expected over...

Lois Lerner Crony Who Targeted Conservatives for Tax Audits to Lead New IRS Office

(Molly Bruns, Headline USA) As a result of the passing of the Inflation Reduction Act, the Internal Revenue Service will be creating a centralized office and five subsidiarity offices in order to manage their increasing bureaucratic power, adding 87,000 enforcement agents. Nikole Flax, who worked for the politically treacherous Lois...

Biden’s Bailout Gifts Billions in Student Loan Forgiveness Vote-Buying Scheme

(Mark Pellin, Headline USA) Just in time to help the chances of desperate Democrats facing likely doom in the midterms, wealth-distributer-in-chief Joe Biden on Wednesday announced that he’s giving away billions of “free” money by cancelling debt on student loans. Biden’s plan to forgive up to $20,000 in student debt for...

Fla. Blocks Retirement System from Investing in Woke ESG Funds

(Bethany Blankley, The Center Square) Gov. Ron DeSantis and the trustees of the State Board of Administration, CFO Jimmy Patronis and Attorney General Ashley Moody passed a resolution Tuesday updating Florida's investment and proxy voting policies for its retirement system and pension plan. The resolution prohibits state fund managers from...

Twitter Whistleblower Exposes Its Cavalier Attitude about Cybersecurity

(Headline USA) Startling new revelations from Twitter's former head of security, Peiter Zatko, have raised serious new questions about the security of the platform's service, its ability to identify and remove fake accounts, and the truthfulness of its statements to users, shareholders and federal regulators. Zatko---better known by his hacker...

Walmart Must Pay $4.4M for Alleged Racial-Profiling of Oregon Shopper

(Headline USA) DDA Multnomah County grand jury has ordered Walmart to pay $4.4 million in damages to a man who sued the store, saying he was racially profiled and harassed by a Walmart employee at a Portland, Oregon, area store in 2020. According to the lawsuit the employee “spied” on...

Obama Economic Adviser Warns Biden Against Canceling Student-Loan Debt

(The Center Square) Jason Furman, a Harvard professor and former chair of President Barack Obama’s Council of Economic Advisors, said that forgiving student debt “benefits recent college grads and hurts most everyone else, both rich and poor.” President Joe Biden has considered forgiving $10,000 of student debt per borrower. Furman...

Biden Ridiculed for Gross-Out Hygiene Practices at Bill Signing

(Jacob Bruns, Headline USA) Aging President Joe Biden was ridiculed for his disgusting hygiene practices while signing of the Inflation Reduction Act, ignoring just about every COVID mandate and guidance that his regime has enforced. During the ceremony, the President, who just recently recovered from a bout of COVID, removed...

‘The Big Short’ Guru Who Predicted ’08 Crash Warns of Looming Economic Doom

(Mark Pellin, Headline USA) The financial asset manager who predicted the 2008 economic implosion indicated this month that he has similar concerns lurking around the corner as the Biden administration’s domestic agenda continues to stumble into deep recession. Featured in the book and movie The Big Short, Scion Asset Management founder...

Automakers Begin Phase Out of Iconic Muscle Cars, Replace w/ EVs

(Headline USA) Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with electric vehicles. Stellantis's Dodge brand, long the performance flag-bearer of the company formerly known as Fiat Chrysler, is...
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