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Friday, February 3, 2023
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FINANCE

D.C. Mayor Begs Biden to End Remote Work for Federal Employees

(Molly Bruns, Headline USA) In her recent inaugural address, third-term Washington, D.C., Mayor Muriel Bowser begged President Joe Biden to either bring federal employees back into the office or give up the office space occupying much of D.C.'s downtown area. According to the Post Millennial, Bowser is hoping to transform...

RINO House Financial Services Chair Still Plans to Prioritize ‘Diversity,’ ‘Inclusion’

(Jacob Bruns, Headline USA) The newly appointed RINO chair House Financial Services Committee said he plans to keep “diversity and inclusion” as major aims of its work, as well as that of its and its six subcommittees. Rep. Patrick McHenry, R-N.C., will continue to prioritize the controversial obejective established under...

Calif. Wants to Tax Wealthy Residents — Even after They’ve Moved from State

(Headline USA) California Democrats proposed legislation this week that would impose a new wealth tax on the state’s residents, including those who have moved out of the state. The bill, introduced last week by California Assemblyman Alex Lee, would impose an extra annual 1.5% tax on those with a “worldwide...

M&M’s Pulls Its Candy Mascots after Backlash over Wokeness

(Jacob Bruns, Headline USA) M&M's, the beloved candy brand owned by Mars Wrigley, announced Monday that it would take an "indefinite pause" from displaying its controversial cartoon "spokescandies," the Daily Wire reported. Earlier in January, the company had announced a plan to "to create a world where everyone feels they...

Majority of Americans Would Prefer Gov’t Shutdown over More Spending

(Molly Bruns, Headline USA) A poll of likely American voters said they would choose to shut down the government before having Congress spend another dime. Responses to the poll, done by Rasmussen Reports, showed that 56% of respondents preferred a partial government shutdown until Congress limits its spending, as opposed...

Nike Flees Seattle’s Crime and Violence

(Dmytro “Henry” Aleksandrov, Headline USA) Nike's popular Seattle location is closing its doors and fleeing the city under threat of skyrocketing crime, joining a growing number of high-profile corporations that have bolted from the city. The store that was located at the corner of Sixth Avenue and Pike Street closed its doors...

CBO Projects Social Security Depleted by 2033 Without Changes

(Brett Rowland, The Center Square) Fresh projections from the Congressional Budget Office show the Old-Age and Survivors Insurance Trust Fund would be exhausted by 2033 if benefits are paid as scheduled. In January, Social Security beneficiaries got an 8.7% increase in monthly checks, the largest cost-of-living adjustment since 1981. The increase...

Buttigieg, Other Biden Officials Skipped Critical Supply Chain Meetings

(Dmytro “Henry” Aleksandrov, Headline USA) Transportation Secretary Pete Buttigieg and other officials from the Biden administration decided they had better things to do than attending meetings over the supply chain crisis that rocked consumers, businesses and the economy. A public records request from the Functional Government Institute revealed that, among other...

Existing Home Sales Slid 17.8% Last Year

(Brett Rowland, The Center Square) Sales of existing homes fell 17.8% in 2022, marking the weakest sales performance since 2014 as interest rates climbed. Interest rates rose quickly last year, a factor that weighed on the residential real estate market. The 30-year fixed-rate mortgage averaged 6.15% as of Jan. 19, down...

Google Axes 12,000 Jobs as Layoffs Spread Throughout Tech Sector

(Headline USA) Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbed. CEO Sundar Pichai informed staff Friday at the Silicon Valley giant about the cuts in...

Youngkin Rejects $3.5B Ford Plant Due to China Concerns

(Molly Bruns, Headline USA) Virginia Gov. Glenn Youngkin rejected a deal with Ford Motor Company to build a $3.5 billion battery plant in his state due to concerns over the company's relationship with China. According to the Daily Wire, the plant in southern Virginia's Pittsylvania County would have manufactured batteries...

Americans Feel the Pain of Higher Housing Costs

(The Center Square) Americans are feeling the pain of inflation, especially when it comes to housing. U.S. News and World Report surveyed 2,000 adults who either had to move back in with their family or got a roommate or housemate because of the higher cost of living. They made that...
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