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Tuesday, November 12, 2024

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Fraud Recovery Sleuths Share Lessons of Stolen COVID Relief Funds

(Molly Bruns, Headline USA) Fraud recovery officials at the FBI and Secret Service explained the challenges of recouping billions of dollars in stolen taxpayer funds since the government began distributing massive suns of emergency pandemic relief, Just the News reported. "I've never seen anything of this magnitude," said National Pandemic...

Stock Market Flirts with Bear Market; Americans Fear Recession

(Headline USA) The stock market came back from a midday drop on Friday, the day ending with the S&P 500 Index 18.6% below the record high set in early January, The Center Square reported. A bear market would have begun if the decline reached 20%. The stock market tumble is a...

Unemployment Benefits Back on the Rise, Even as Job Market Remains Robust

(Headline USA) In what would seem a contradiction in terms, except for free government money being involved, more Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low. Applications for unemployment benefits rose by 21,000 to 218,000 for the...

Mayor Pete’s Supply-Chain Failures Hit Home w/ Baby Formula Shortage

(Molly Bruns, Headline USA) Transportation Secretary Pete Buttigieg has stated in a radio show that he, too, is being affected by the baby formula shortage, Townhall reported. In an interview with CBS News's Face the Nation, Buttigieg discussed his experience attempting to find formula for his adopted twins, Penelope Rose...

BLM’s 1st IRS Filing Does Little to Quell Charges of Impropriety

(Headline USA) While its Marxist origins may renounce the corrupting economic forces of capitalism, Black Lives Matter appears to have leaned into it, taking advantage of strong consumer demand for an outlet to manufacture white and corporate guilt into social justice causes, and turning a simple-but-catchy slogan into a...

Bird Flu Fuels Food Shortages …. and a New Wave of Medical Skepticism

(Headline USA) Brad Moline, a fourth-generation Iowa turkey farmer, saw this happen before. In 2015, a virulent avian flu outbreak nearly wiped out his flock. Barns once filled with chattering birds were suddenly silent. Employees were anguished by having to kill sickened animals. The family business, started in 1924, was...

Conservative Shareholder Activists Turn Up Pressure at Woke Corporations

(Chris Parker, Headline USA) Netflix recently shocked fans with a memo that warned woke employees against shutting down artistic expression. Since then, a number of conservative shareholder activists are putting more pressure on woke companies, reported the Washington Times. Several large companies, including Kohls and Disney, have seen their earnings drop...

Could Crypto Collapse Trigger the Start of Another Great Recession?

(Chris Parker, Headline USA) When $300 billion worth of asset values are wiped out in just a few days, investors tend to take note.  That’s what happened to cryptocurrencies this week, reported DNYUZ. Bitcoin, the industry’s leader, has fallen by 20% in less than a week, leading to a total plunge...

Fed Chair: Impending Biden Recession May Be Out of His Control

(Headline USA) Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession. For weeks, Powell has portrayed the Fed's drive...

Musk’s Twitter Deal ‘Temporarily on Hold’ Amid Audit of Spam Accounts

(Headline USA) Elon Musk said Friday that his plan to buy Twitter is “temporarily on hold” as he tries to pinpoint the exact number of spam and fake accounts on the social media platform, another twist amid signs of turmoil over the proposed $44 billion acquisition. https://twitter.com/elonmusk/status/1525049369552048129 Musk has been vocal...

Gas Prices Driving Dems to Attack Free Market

(Tony Sifert, Headline USA) Skyrocketing gas prices have Democrats hoping they can use the Biden-created crisis to impose price controls on gasoline, according to a report by Bloomberg. The Consumer Fuel Price Gouging Prevention Act (HR 7688) was announced by Democrat House Speaker Nancy Pelosi during a May 12 press conference. PELOSI:...

Skyrocketing Inflation Slows by Only 0.2% after Record-Breaking March

(Headline USA) Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. But the near-double-digit rate still inflicted an unprecedented amount of pain on American househoulds, with President Joe Biden offering no...
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