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Friday, January 10, 2025

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9.3M Available Jobs Sets a Record; But 9.3M Remain Unemployed

The Bureau of Labor Statistics says that the number of jobs openings by the end of April rose to a record 9.3 million, with a record high number of people quitting and a record low number of people being fired. The number of Americans quitting their jobs rose 11% to...

U.S. Agrees to G7 Plan for Global Minimum Tax on Corporations

The U.S. along with other G7 nations have agreed to set up a global minimum on corporate taxes of 15% in order to stop corporations from getting a tax break by off-shoring corporate facilities, says an announcement following U.S. Treasury Secretary Janet Yellen’s visit to London for face-to-face talks...

Federal Reserve ‘Taper’ Talk is Back; Will a Tantrum Follow?

‘Taper’ talk from the Federal Reserve is back in focus. But for now, it’s all talk and no action. Last week, former New York Fed President William Dudley said the central bank will begin the process of tapering – winding down its monthly asset purchases – by year end. While echoing current...

El Salvador’s President Says He Wants to Make Bitcoin Legal Tender

(Headline USA) El Salvador President Nayib Bukele announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country's congress that would make the cryptocurrency legal tender in the Central American nation. The 39-year-old president, who has maintained approval...

IRS: California Shrank by 165K Taxpayers; $8.8B in Gross Income

(Cole Lauterbach, The Center Square) California residents of all ages and incomes are leaving for more tax friendly climates, and they’re taking billions of dollars in annual income with them. The Internal Revenue Service recently released its latest taxpayer migration figures from tax years 2018 and 2019. They reflect migratory taxpayers who...

May Jobs Report Disappoints Again, Adding Pressure on Biden Administration

The May jobs report today again disappointed economists' expectations, adding just 559,000 jobs versus the consensus estimate of 671,000 jobs. “May’s letdown came after April sharply undershot expectations,” says CNBC, “with the upwardly revised 278,000 still well short of the initial 1 million estimate that came with high hopes...

His Billionaire Buddies Will Easily Evade Biden’s Taxes on the ‘Wealthy’

The Biden administration is rumbling again about making tech (and other) billionaires pay at increased capital gains and income tax rates in order to help pay for his proposed $6 trillion budget. “I think you should be able to become a billionaire or a millionaire,” Biden told Congress about the...

Al Gore Warns Globalist Bankers Over Fossil Fuel Investments

Speaking to a group of international bankers who specialize in financing green energy schemes, former Vice President Al Gore promised “The entities responsible for emitting an endless stream of greenhouse gas pollution, and their investors, will be held accountable.” The Green Swan Conference was sponsored by the Bank for International...

Comcast Admits It Doesn’t Check NBC, MSNBC Reporting for Accuracy

Comcast CEO Brian L. Roberts said that his corporate management team does not monitor NBC News, MSNBC, or Sky News for accuracy and honesty in their reporting, according to a press release from the National Center for Public Policy Research. At the company's annual shareholder meeting on Wednesday, Roberts said...

Hedge Funds Getting Bullish on Gold

The gold market has seen many momentum shifts in recent months. At the end of the day, however, the market really depends on one simple factor: Are the big money inflows trending in a bullish or bearish direction? Near market lows, speculative interest tends to be heavily on the short (bearish)...

Tennessee to Consider Establishing a State Gold Depository

(Jp Cortez, Sound Money Defense League) Gov. Bill Lee signed legislation last week requiring the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) to examine the feasibility of creating a state depository to secure gold owned by the state and/or citizens. House Bill 353, introduced by Rep. Bud Hulsey, and Senate Bill 279,...

AMERICANS FOR TAX REFORM: Biden Budget Calls for 30 Tax Increases

(Americans for Tax Reform) President Joe Biden’s Fiscal Year 2022 budget proposal calls for 30 tax increases on American individuals and businesses totaling $2.975 trillion over the next decade. The budget also calls for new IRS “enforcement” measures carried about by 87,000 new IRS agents that Biden claims will squeeze taxpayers for an additional...
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