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Friday, November 15, 2024

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Justice Dept. to Take on Exploitation of Supply Chain Issues

(Headline USA) The Justice Department is launching a new initiative aimed at identifying companies that exploit supply chain disruptions in the U.S. to make increased profits in violation of federal antitrust laws. The program, being unveiled Thursday by the Justice Department’s antitrust division and the FBI, comes amid ongoing supply...

Pressure Mounts on Congress to Curb Lawmaker Stock-Trading

(Headline USA) Amid a steady drip of damaging headlines, pressure is building for Congress to pass legislation that would curtail lawmakers' ability to speculate on the stock market. Trading in Congress has long been criticized by government watchdogs, who say the access to nonpublic information creates a temptation for lawmakers...

Accounting Firm Cuts Ties w/ Trump, Disavows Financial Statements over NY Witch Hunt

(Headline USA) The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump's image as a wealthy businessman, “should no longer be relied upon” after New York's attorney general claimed they regularly misstated the value of assets. In...

Moderna CEO Sells Off Millions in Stocks, Deletes Twitter Account

(Headline USA) Moderna CEO Stephane Bancel reportedly sold off millions of dollars of his shares in the company following a turbulent market decline that pushed the COVID-19 vaccine maker’s stock to its lowest level in nearly a year. Bancel also deleted his rarely-used personal Twitter account this month in preparation...

Biden Now Claims to Have Long-Term Plan for Once ‘Temporary’ Inflation

(Headline USA) President Joe Biden claims he came into office with a plan to fix inflation---just not the particular inflationary problem that the country now faces. The current crisis---which has resulted in the worst economic conditions in more than four decades---began shortly after Biden took power in January 2021. For months,...

Price Inflation Rates Shoot Above the 1980 Peak

By Clint Sieger, Money Metals Exchange Price Inflation Rates Shoot Above the 1980 Peak  Americans get fed a lot of BS when it comes to price inflation. Prices in the U.S. are rising faster than they were in the late 1970s when gasoline shortages triggered an economic crisis. Today, supply chain...

Kansas Approves $1B-Plus in Tax Incentives for Mystery Firm

(Headline USA) Kansas legislators signed off Wednesday on the state's largest-ever taxpayer-funded incentives to attract thousands of new jobs even though most didn't know the name of the company or what it plans to make. The incentives would exceed $1 billion. The measure also cuts corporate income tax rates. The Republican-controlled...

Calif. Dems Scheme to Make Tesla’s Elon Musk the Next Joe Rogan

(Headline USA) Leftists attempting to smear libertarian personality Joe Rogan with bogus claims of racism already have their next mark: Tesla CEO Elon Musk, one of the richest men in the world, who has refused to be sufficiently cowed by the woke, anti-capitalist power structures that dominate America. California sued...

Study Confirms Federal Benefits Helped Millions Avoid Return to Work

(Tony Sifert, Headline USA) Supplemental unemployment benefits issued by the federal government between March 2020 and September 2021 as a response to the COVID-19 pandemic incentivized people not to work and created an "artificial shortage of labor," according to a report published by the Texas Public Policy Foundation. The TPPF report...

Conflict with China and Russia Could Accelerate De-Dollarization

By Stefan Gleason, Money Metals Exchange Geopolitical tensions are casting a pall over the Olympics in China amid rising fears of war with Russia. As nations prepare for conflict, investors should brace for potential fallout in asset markets. Both China and Russia play hugely important roles in the global economy....

Leftists Alarmed as Canadian Freedom Blockade Shuts Down Ford Plant in Detroit

(Headline USA) The Freedom Convoy's blockade of the bridge between Canada and Detroit by protesters demanding an end to Canada’s COVID-19 restrictions forced the shutdown Wednesday of a Ford plant and began to have broader implications for the North American auto industry. Prime Minister Justin Trudeau, meanwhile, continued to mount...

US Inflation Might Have Hit a New 40-Year High in January

(Headline USA) With American consumers spending freely and many supply chains still snarled, year-over-year inflation may have notched yet another four-decade high in January. The problem began as the federal government passed several rounds of economic stimulus that added money in the short term to consumers' pockets while also driving...
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