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Friday, January 10, 2025

FINANCE

Will ‘Infrastructure’ Spending Collapse the U.S. Dollar?

Recent collapses of bridges and a Florida condo building highlight what can go wrong when basic structural and foundational elements are neglected and allowed to deteriorate. As corrosion and cracking spread, they may go little noticed at first, with repairs and upgrades put off. Meanwhile, the risks steadily build of...

Supreme Court: Company Can Seize State-Owned Land to Build Pipeline

(Associated Press) The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline. Both liberal and conservative justices joined to rule 5-4 for the PennEast Pipeline Co. The 116-mile planned pipeline is to run from Pennsylvania’s Luzerne County...

Judge Dismisses Gov’t Antitrust Lawsuits Against Facebook

(Associated Press) A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient”...

Calif. Expects Blackouts (Again) as Electricity Prices Skyrocket

Californians are facing an increased number of blackouts and rising electricity prices this summer, says one energy expert, who warns that the burden will fall mostly on those who can least afford it. The trend, he says, is a warning light for the rest of the country. “Last week, the state’s...

Why Banks Are Resisting Today’s New Basel III Gold Rules

(Clint Siegner, Money Metals News Service) Gold bugs are speculating about the impact of Basel III regulations set to take effect next month. European banks, minus those in the all-important London markets will soon be subject to Net Stable Funding requirements. The effect may be to reduce bank activities in the paper...

Inflation Jumps by Largest Amount in Three Decades

(Headline USA) Consumer spending was flat in May with incomes dropping for a second month as the impact of the government's pandemic stimulus payments waned. Inflation, however, posted a sizable gain with prices excluding food and energy jumping by the largest amount in nearly three decades. The flat reading for consumer spending...

Bubbles Galore Should Drive Investors to Metals

Is the entire financial system currently in a massive bubble? That is the question that astute investors may now be asking. According to Nouriel Roubini, CEO of Roubini Macro Associates and professor at NYU Stern School of Business, now is the time to be overweight gold as more bubbles pop up.   Stocks,...

PROPERTY RIGHTS: SCOTUS Says Unions Can’t Trespass to Recruit Members

(Headline USA) The Supreme Court on Wednesday sided with California agriculture businesses in their challenge to a state regulation that gives unions access to farm property in order to organize workers. As a result of the ruling, California will have to modify or abandon the regulation put in place in 1975...

Central Banks to Keep Buying Gold

The move away from the Federal Reserve Note as the global reserve currency of choice has continued in recent years, with fresh developments increasing the greenback’s stiff competition. This has led to massive central bank buying of gold, and that trend appears set to continue in 2021. According to a recent...

Gold to Test Major Uptrend; Fed to Remain Behind Inflation Curve

Battered gold and silver markets face a test of their bull market prospects. For gold, a bullish trendline has been in force since late 2018. The gold market also formed a large symmetrical triangle pattern from last year’s peak. Prices appeared to break out of the triangle to the upside last...

Newsom Pledges to Pay Off Past-Due Rent, Extend Calif. Eviction Ban

(Headline USA) California Gov. Gavin Newsom may be counting on renters and landlords will turning up more than concerned taxpayers in the state's upcoming recall election. Newcom said California will pay off all the past-due rent that accumulated in the nation's most populated state because of the fallout from the...

Why Many Remote Job Postings Now Exclude One State

(Brad Polumbo, Foundation for Economic Education) The pandemic has undoubtedly hastened the shift to remote work. Many workers and companies have now embraced remote work in previously office-based positions, and this is continuing even as the economy reopens and new jobs are posted. Many new remote positions are being posted advertising...
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