Thursday, May 1, 2025

FINANCE

Treasury Sec. Yellen Outlines Vision for ‘Modernized’ IRS amid Middle-Class Fears

(Headline USA) Treasury Secretary Janet Yellen laid out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges at an IRS office in New Carrollton, Maryland, on Thursday. Yellen said the agency plans to hire 5,000 new customer service representatives to vastly improve taxpayer...

Guaranteed Income Programs Popping up Throughout the Country

(Tom Gantert and Brett Rowland, The Center Square) Communities throughout the U.S. are experimenting with social programs that give a "guaranteed income" to some residents with few or no strings attached. An economics professor says universal income could be a more efficient use of taxpayer dollars as long as...

Biden Admin Brokers Tentative Deal to Defer Railway Strike Till after Midterms

(Headline USA) President Joe Biden said Thursday that a tentative railway labor agreement has been reached, temporarily averting a strike that could have been devastating to the already foundering U.S. economy before the pivotal midterm elections. Railroads and union representatives had been in negotiations for 20 hours at the Labor...

Railroad Strike May Be Final Straw for Vulnerable Dems’ Midterm Hopes

(Joshua Paladino, Headline USA) President Joe Biden could face an early October surprise as 60,000 unionized railroad workers, including engineers and conducts, plan to start striking on Sept. 16, American Greatness reported. The planned strike would cost the American economy $2 billion per day, prevent agricultural products from reaching manufacturing...

Jim Beam to Ramp Up Bourbon Production w/ New Biogas-Powered Distillery

(Headline USA) Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy. The project will increase capacity by 50% at the Beam plant in Boston, Kentucky, while reducing greenhouse...

SHOCK?: Chicago Fares Poorly on List of Best Places to Retire

(Andrew Hensel, The Center Square) Chicago narrowly avoided placing in the bottom 15th percentile in a new report that ranks 182 cities across the country using certain metrics to determine which cities are the best to retire. Illinois placed just two cities on the list, which used specific metrics, including...

Stocks See Worst Day Since June 2020 as Biden Spending Exacerbates Inflation

(Dan McCaleb, The Center Square) U.S. stocks plummeted Tuesday after the federal government reported another sharp rise in food and other prices in August, despite falling gas prices. The S&P 500 dropped 4.3%, its largest single day decline since June 2020 during the height of the pandemic. The Nasdaq Composite...

Nero-in-Chief Brandon Parties as Economy Implodes, Prices Soar

(Mark Pellin, Headline USA) President Joe Biden took a victory lap Tuesday to celebrate the Democrats’ $740 billion, IRS super-sizing, radical climate alarmist boondoggle, praising the Inflation Reduction Act, which will do nothing to fight inflation, as Americans are lining up at breadlines and food banks, consumer prices are soaring,...

Critics Blast Biden over Rising Prices

(The Center Square) – New inflation data released Tuesday showed that prices rose more than expected in the month of August, putting more pressure on Americans, many of whom are already struggling to make ends meet. Some economists and lawmakers quickly criticized President Joe Biden after the data came out,...

Twitter Whistleblower Reveals Security Flaws at Senate Judiciary Hearing

(Headline USA) The former security chief at Twitter told Congress that the social media platform is plagued by weak cyber defenses that make it vulnerable to exploitation by “teenagers, thieves and spies” and put the privacy of its users at risk. Peiter “Mudge” Zatko, a respected cybersecurity expert, appeared before...

Inept Federal Reserve Denies Rate-Hikes Will Lead to Recession

(Headline USA) After spending much of 2021 denying the possibility that inflation under the Biden administration was anything but "transitory," Federal Reserve Chairman Jerome Powell claimed Thursday that the drastic measures taken to correct it would likewise have minimal longterm impact. The last time the Fed faced inflation as high...

GOP Fights Back Against Multi-Billion-Dollar ‘Woke’ Investment Firms

(Tom Gantert and Brett Rowland, The Center Square) BlackRock Inc., the self-proclaimed world's largest investment manager, announced this year that it signed a Memorandum of Understanding to promote the growth of "gender lens investing." The term, which didn't appear in newspapers until 2012, is described by one multi-national accounting firm as...
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