Friday, May 9, 2025

FINANCE

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...

Judge: Musk Can Use Twitter Whistleblower’s Evidence but Not Delay Case

(Headline USA) Elon Musk will be able to include new evidence from a Twitter whistleblower as he fights to get out of his $44 billion deal to buy the social media company, but Musk won't be able to delay a high-stakes October trial over the dispute, a judge ruled...

Nanny-State Newsom to Regulate Fast-Food Industry; Pushes $22 Minimum Wage

(Madison Hirneisen, The Center Square) California Gov. Gavin Newsom signed landmark legislation Monday that will create a state council to set regulations for the fast food industry, a measure supporters say will give industry workers a voice in determining workplace standards. Newsom’s signature on Assembly Bill 257 allows the creation...

Feds Bemoan Inflation, Recession w/ Country at Labor Day Crossroads

(Joe Mueller, The Center Square) As the nation pays tribute to the American workers' contributions and achievements on Labor Day, economists with the Federal Reserve Bank of St. Louis say the labor market and the economy are at a crossroads. William M. Rodgers III, the vice president and director of the...

States Plan to Tax Student Loan Debt Relief

(Headline USA) President Joe Biden's student loan forgiveness could be taxed in some states, meaning borrowers who will have their debt forgiven will likely have to pay hefty fees if their debt is forgiven. That's because some states tax forgiven debt as income, which means borrowers who are still paying...

Pocahontas Stumped by CNN’s Challenge to Student-Loan Talking Points

(Jacob Bruns, Headline USA) Even corporate media hack Dana Bash of CNN baffled Sen. Elizabeth "Pocahontas" Warren, D-Mass., earlier this week, by asking Warren basic questions about President Joe Biden's student loan forgiveness scheme. In an appearance on Bash's State of the Union show, Warren used emotional theatrics to try...

Bank of America’s Racist Homeowner Program Accused of Redlining, Risky Lending

(Joshua Paladino, Headline USA) Bank of America unveiled a new program on Tuesday that appeared to introduce racial and cultural factors into its approval of home loans, drawing criticism that it may instead perpetuate both racism and risky lending practices. Its Community Affordable Loan Solution will let Americans who plan...

As Midterms Approach, Democrat Govs. Join Red States in Pushing Tax Cuts

(Headline USA) Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson's objection: He wanted a bigger, longer-lasting tax cut. “Now is the time for...

Musk: Whistleblower Allegations Are Another Reason to Exit Twitter Deal

(Headline USA) Elon Musk and Twitter lobbed salvos at each other Tuesday in the latest round of legal filings over the billionaire Tesla CEO's efforts to rescind his offer to buy the social media platform. Musk filed more paperwork to terminate his agreement to buy Twitter, this time based on...
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