FINANCE
SHOWDOWN: Paper vs. Physical Markets
(Clint Siegner, Money Metals News Service) The first half of 2021 did not play out as hoped by precious metals investors.
Despite the effort to “squeeze” the bullion banks, silver has yet to push through the $30 barrier, and gold remains below the high put in nearly a year ago.
The effort...
Fla. May Pay ‘Woke’ Disney $570M in Tax Breaks So It Can Escape California
(Headline USA) The Walt Disney Co. stands to benefit from more than a half billion dollars in tax breaks for building a new regional campus in Florida that promises to employ at least 2,000 professional employees who will be relocating from southern California to work in digital technology, finance and...
Severe-Lockdown Wa. Gov. Inslee Now DEMANDS Border Be Opened w/ Canada
(Tim Gruver, The Center Square) Pandemic travel restrictions between the U.S. and Canada have come at the expense of Washington's border communities.
The U.S. borders with Mexico and Canada will stay closed to nonessential travel through Aug. 21, according to documents to be published in the Federal Register. Federal officials said the move is...
Amazon Pitches New Scheme to Gain Keyless Entry into Apartment Buildings
(Headline USA) As Amazon's erstwhile CEO, Jeff Bezos, bows out of operations to pursue his dreams of penetrating the great unknown, the creepy tech company has its sights set closer to home.
The online shopping giant is pushing landlords around the country---sometimes with financial incentives---to give its drivers the ability...
Parent Company Unilever Says It Can’t Control Anti-Israel Ben & Jerry’s
(Headline USA) The chief executive of Unilever on Thursday said the global consumer goods giant remains “fully committed” to doing business in Israel, distancing himself from this week’s announcement by anti-Semitic company Ben & Jerry’s ice cream to stop serving Israeli "settlements" in the West Bank and east Jerusalem.
But CEO...
Biden’s Dangerous Inflation Denials
President Joe Biden is in denial about inflation.
This week he superficially addressed the problem by admitting the obvious – that prices have been rising rapidly this year – while denying that the inflation surge represents anything out of the ordinary.
“Some folks have raised worries that this could be a...
Israel Vows to ‘Act Aggressively’ Against Ben & Jerry’s
(Headline USA) Israel’s prime minister vowed Tuesday to “act aggressively” against the decision by Ben & Jerry’s to stop selling its ice cream in Israeli territories it says are "occupied," as the country’s ambassador to the U.S. urged dozens of state governors to punish the company under anti-boycott laws.
The strong...
WATCHDOG: ‘COVID Relief’ Unemployment Programs Wasted BILLION$
(Casey Harper, The Center Square) A federal watchdog says billions of taxpayer dollars have been wasted through unemployment programs in the past year, and that number is likely to rise.
The Government Accountability Office released a report examining unemployment benefits during the COVID pandemic that found states and territories had overpaid...
Biden Dismissive of Inflation Fears Despite Troubling Data
(Jack Birle, The Center Square) President Joe Biden attempted to quell fears over inflation during a speech about his administration’s handling of the economy Monday.
Biden acknowledged rising prices for products like lumber and automobiles but also said these price increases are a side effect of the economy emerging from the...
BOYCOTT & DIVEST: Ben & Jerry’s to Stop Sales in ‘West Bank,’ East Jerusalem
(Headline USA) Ben & Jerry’s said Monday it was going to stop selling its ice cream in Israel's territory of the "West Bank" of the Jordan River and east Jerusalem, saying the sales in the territories sought by the Palestinians are “inconsistent with our values.”
The announcement was one of the...
China Buying Up American Farms and It Threatens US Food Supply
Citing the national security risk, politicians on both sides of the aisle are aiming to crack down on Chinese purchasing of agricultural land in the U.S.
“By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion, including land used for farming, ranching...
The Government is Culpable for America’s Retirement Crisis
America faces a retirement crisis.
The chairman of the world’s largest asset management firm is sounding the alarm.
BlackRock CEO Larry Fink told CNBC last week that he sees a “silent crisis of retirement.”
Fink cited ultra-low interest rates, combining with elevated inflation rates, as steadily diminishing the real value of retirement...
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