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Sunday, November 24, 2024

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Welfare Fraud Charges Filed Against 103 Recipients

(Christen Smith, The Center Square) Pennsylvania investigators charged 103 welfare recipients with fraud over the summer, according to an announcement Wednesday from the Office of Inspector General. All but one of the beneficiaries risk felony convictions, which carry possible maximum penalties of seven years in prison and $15,000 fines. The...

Richmond Fed President Urges Caution on Rate Cuts: Inflation Isn’t Defeated

(Headline USA) The president of the Federal Reserve's Richmond branch says he supports reducing the central bank's key interest rate “somewhat” from its current level but isn't yet ready for the Fed to fully take its foot off the economy's brakes. In an interview Thursday with the Associated Press, Tom...

Massachusetts Goes Full Socialist, Seizes Texas-Based Boston Hospital via Eminent Domain

(Headline USA) Massachusetts Gov. Maura Healey announced Friday that her administration has formally seized a hospital through eminent domain to help keep it open and transition to a new owner. St. Elizabeth Medical Center in Boston is one of a group operated by Texas-based Steward Health Care, which had announced...

Trump Launches New Business Venture During His Campaign: Watches

(Headline USA) Former President Donald Trump launched a new business venture: watches. The Republican presidential candidate unveiled the “Official Trump Watch Collection” on Thursday. The most expensive, listed as including 122 diamonds on its bezel and available in three 18-karat gold styles, costs $100,000. Another “Fight Fight Fight” model is listed at...

OpenAI CEO Sam Altman Takes 7% after Claiming ‘I Don’t Really Need More Money’

(Victoria Cook, Headline USA) Sam Altman, cofounder and CEO of artificial intelligence heavyhitter OpenAI is to receive 7% of the company's stock shares, estimated at $10.5 billion. This action, along with its recent shift to become a for-profit enterprise, contradicts prior statements Altman has made in the last year...

Ex-‘Shark Tank’ Star Mark Cuban Wants to be Head of SEC

(Victoria Cook, Headline USA) Billionaire entrepreneur Mark Cuban endorsed Vice President Kamala Harris for president this week in what could be a bid to become the head of the Securities and Exchange Commission.  Without hesitation, Cuban told Fox Business's Neil Cavuto on Wednesday that he would choose to be the...

Stock Slump Likely; Fed Floats Revaluation of Pennies

(Mike Gleason, Money Metals News Service) In the wake of the Federal Reserve’s oversized rate cut, gold is zooming to fresh new records. The stellar run in gold and silver markets continues to be overshadowed by the stock market’s relentless gains. The S&P 500 rallied to yet another new record...

The Dollar Is Smoke and Mirrors

(Mike Maharrey, Money Metals News Service) At one time, the U.S. monetary system was backed by gold. Now, it’s not backed by anything. It's nothing but smoke and mirrors.  But most Americans don’t realize this. In fact, nearly a third of respondents to a 2019 recent survey believed the U.S. dollar...

BRICS Nations Working on Internat’l Payment System; Gold Part of Plan

(Mike Maharrey, Money Metals News Service) The BRICS economic block is pushing forward with plans to develop a system that would facilitate international payments outside the dollar system, with gold serving an important role in the scheme. According to the Russian news agency TASS, BRICS officials are “developing a wide...

The ‘Financial Coup’ That Seized America

(Peter St. Onge, Money Metals News Service) In the wake of the 2008 Financial Crisis, former chief economist of the IMF Simon Johnson warned that the same dysfunctional policies he saw in his basketcase banana republics had taken hold in the United States. Johnson warned that if America didn't act...

Iran’s Gold Imports Surge Sixfold as Part of Sanctions Workaround

(Jon Forrest Little, Money Metals News Service) In a striking development that has caught the attention of global financial markets, Iran's gold imports have surged dramatically, increasing sixfold over a six-month period.  This significant uptick in gold acquisition highlights the Islamic Republic's strategic move to circumvent international sanctions and stabilize...

LGBT Mafia Tries to Run Black-Owned D.C. Bar Out of Business over Bipartisan Branding

(Maire Clayton, Headline USA) A politically themed bar in Washington, D.C., decided to remove its bipartisan logo shortly after opening due to online backlash from leftists. Political Pattie's logo, which used to feature its name with a GOP elephant and a Democrat donkey, now just reads Pattie's Bar. The establishment's slogan "Putting...
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