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Thursday, November 14, 2024

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Biden Threatens to Take Away Benefits After Disastrous Jobs Numbers Report

After denying on Monday that increased federal coronavirus relief was a contributing factor to a nationwide labor shortage, President Joe Biden warned that Americans who turn down a “suitable job” could lose their benefits. A devastating Friday jobs report found that only 266,000 jobs were created in the past few...

Cybersecurity Experts Slam Biden’s ‘Absolutely Stupid’ Response to Pipeline Hack

Cybersecurity experts condemned President Joe Biden's administration after senior officials rejected the FBI's advice not to allow private companies to negotiate with ransomware demands, the Daily Mail reported. Specialists in cybersecurity argue that the White House's decision will lead to an increase in ransomware incidents because of the lure of...

Job Openings Soar to Highest Level on Record; Businesses Can’t Get Help

(Associated Press) U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands. Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday. The figures...

What the Fed DOESN’T Want You to Know About Inflation

Is it a temporary blip… or the beginning of a long-term trend? That’s the key question facing consumers, investors, and retirees when it comes to inflation. There’s no denying that inflation pressures have picked up dramatically over the past 12 months. Price spikes in commodities including copper, grains, gasoline, and lumber...

Transport Gasoline by Truck? There Aren’t Enough Drivers, Either

(Bethany Blankley, The Center Square) A gas shortage is expected this summer not because there won’t be enough fuel but because there aren’t enough highly trained and licensed tanker drivers to transport it. Many tanker drivers retired last year after demand for oil and gas plummeted because fewer people were traveling...

After Shocking Job Numbers, States Push Healthy Residents to Get Back to Work

(Headline USA) Eduardo Rovetto is hoping the state of Vermont's reinstated requirement that people who are collecting unemployment benefits must seek work to qualify will help him hire enough staff for his restaurant in the resort town of Stowe. After more than a year of coronavirus restrictions on his business,...

Pipeline Hit by Cyberattack Could Be Back by Week’s End

(Associated Press) The operator of a major U.S. pipeline hit by a cyberattack said Monday it hopes to have service mostly restored by the end of the week. Colonial Pipeline offered the update after revealing that it had halted operations because of a ransomware attack the FBI has linked to a...

Gold Pops as April Jobs Report Disappoints

Friday’s release of the April Non-Farm Payrolls report fueled a new gold rally. The yellow metal gained over $20 per ounce on the news. The jobs report was a major piece of economic data-possibly the most important of the month. Expectations were high-consensus estimates were looking for an additional 1 million...

Combined Capital Gains Tax Rate in NY Would Hit 54.3% Under Biden Plan

(The Center Square) The combined state and federal capital gains tax rate in New York would rise from the current 34.7 percent to 54.3 percent under President Joe Biden’s American Families Plan, according to a new study from the Tax Foundation. That increase, which would include federal, state and local taxes on...

Texas, Fla., Alaska Sue CDC for Keeping the Cruise Industry Shut Down

(Brianna Kraemer, The Center Square) Texas Attorney General Ken Paxton filed a motion on Thursday to join Florida’s lawsuit against the ongoing sailing orders issued by the Centers for Disease Control and Prevention which have prevented cruise lines from restarting business. The cruise industry has been hit hard by the pandemic over...

DISASTER: Jobs Report Has Unemployment Ticking Upward, Against Forecasts

(Headline USA) America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers. President Joe Biden’s relief package added $300 to weekly unemployment benefits. Bank of America economist Michelle Meyer calculated that for people who earned under $32,000...

REPORT: House Democrats are Tax DELINQUENTS on Their DC Properties

Several House Democrats have been penalized for failing to pay their Washington, D.C. property taxes, the Washington Free Beacon reported. Among the guilty is Rep. Vicente Gonzalez, D.-Texas, who owed a combined $9,145.61 on his two listed D.C. homes. Democrats John Garamendi of California, Sean Casten of Illinois, Andy Kim of...
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