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Thursday, November 14, 2024

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Yellen Pushes Forward on Gov’t Regulation of Cryptocurrency

(Headline USA) Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions, which should surprise absolutely nobody. One potential upside is that users would get documentation of their crypto dealings for use in filing their taxes. “Taxpayers should...

Eyeing Stock Market and Inflation, Fed Says Rate Hike Likely

(John Ransom, Headline USA) In a double whammy, the Federal Reserve minutes showed members are looking at both reducing their balance sheet of securities and raising interest rates. The total effect will be to make money more expensive for everybody from homeowners and car buyers, to companies to borrow money that...

Trump-Linked DWAC Stock Falls as Truth Social Continues to Sputter

(Headline USA) Shares in a company planning to buy Donald Trump's new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss a deadline to file its annual financial statements. Digital World Acquisition Corp....

Amazon Plotting to Censor Employees, Suppress Pro-Union Sentiment

(Mark Pellin, Headline USA) Known for its smiling A-to-Z customer service, tech titan Amazon is apparently exploring a move to crush any dissent in its employee ranks, in the wake of one of its New York warehouses voting to unionize. An internal messaging app being designed for employees has the potential...

Energy Groups Target Biden on Bindenflation

(John Ransom, Headline USA) Two American energy groups are blasting President Biden for shutting down American oil and gas drilling at a time that oil and gas prices are making historic highs, said Fox News. Thomas Pyle, President of the American Energy Alliance, criticized Biden for releasing a million barrels from...

Ruble Rebound Casts Doubts on Russia Sanctions as Americans Suffer

(Headline USA) The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. While the West has imposed unprecedented levels of...

Inflation Will Costs American Households More than $5K in 2022

(Joshua Paladino, Headline USA) Bloomberg Economics estimated that the rapid rise in inflation will cost the average American household $5,000 more this year, National File reported. The 7.5 percent annual inflation rate has no end in sight as the Biden administration accelerates an economic war against Russia and China, continues...

Russia Sanctions May Wreak Havoc on Global Seafood Industry

(Headline USA) The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of Biden administration'a efforts to punish Russia for the...

Manchin Shoots Down Biden’s Billionaire Tax Plan

(Headline USA) Sen. Joe Manchin, D-W.Va., shot down President Joe Biden’s proposed billionaire tax this week, saying he would not support the tax on wealthy Americans’ unrealized capital gains. “You can’t tax something that’s not earned,” Manchin said, according to The Hill. “Earned income is what we’re based on. There’s other ways...

REPORT: COVID Relief Programs Enabled ‘Hundreds of Billions’ in Fraud

(Alex Tien, Headline USA) A troubling report alleged that the multi-trillion-dollar COVID relief and economic stimulus packages of 2020 and 2021 may have proven "the biggest fraud in the history of our country," according to NBC News. With more than $5 trillion doled out by the federal government in response...

India Dropping the Dollar to Trade w/ Russia

(John Ransom, Headline USA) India is adopting direct payments with Russia, in order to facilitate rupee-to-ruble trade, as Western nations have blocked US dollar settlements for Russia through the inter-bank system SWIFT. The result will be a further weakening of the US dollar, an outcome that was predicted by some experts...

Pelosis Reap Big Dividends as Tesla Seeks 2nd Stock Split in Less than 2 Years

(Headline USA) Shares of Tesla jumped at the opening bell Monday after the electric car maker announced its second stock split in less than two years. The company said in a regulatory filing, and also in a tweet, that it plans to make a request at an upcoming annual shareholders...
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