Saturday, July 12, 2025

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Parler Announces Major Restructuring Following Gab’s Lead

(Joshua Paladino, Headline USA) Following Gab CEO Andrew Torba, who has long advocated for an independent conservative economic system, the social media company Parler announced that it will focus on building an "uncancellable economy" and platform, the Wall Street Journal reported. “We want to become a business powering what I...

Zuckerberg Down $71B as Facebook Spawn Meta Tanked

(Headline USA) Meta CEO Mark Zuckerberg's bounty of wealth took a huge hit in 2022, plunging nearly $71 billion and knocking him down to the 20th richest person in the world rankings. Zuckerberg started September, 2021, with a net worth estimated at $142 billion. It has since tumbled to $55.3...

Fed Sets Another Rate Hike to Combat Bidenflation, Signals More Pain to Follow

(The Center Square) – The U.S. Federal Reserve announced yet another interest rate hike Wednesday, the latest in a series of interest rate increases to address elevated inflation that experts say could have serious negative effects on the economy. The Fed said it will raise interest rates another three quarters...

Bank CEOs Warn of Serious Inflation Problems Ahead as Fed Issues New Rate Hike

(Headline USA) The CEOs of the nation's biggest banks appeared in front of Congress Wednesday and gave a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing under the inept Biden administration. JPMorgan Chase's Jamie Dimon, Citigroup's Jane Fraser and other chief executives...

Analysis: Biden Policies Thus Far Will Add $4.8 Trillion (15%) to Nat’l Debt

(Ezekiel Loseke, Headline USA) Joe Biden will add $4.8 trillion to the federal debt, according to a Conservative estimate produced by The Committee for a Responsible Federal Budget. The Federalist reported that this spending ought to be divided into three categories: administrative measures, bipartisan legislation and partisan legislation. Administrative measures are...

GOP Attorneys General Warn Woke Credit-Card Companies Not to Track Gun Sales

(Headline USA) A group of Republican attorneys general are pushing the major payment networks—Visa, Mastercard and American Express—to drop their plans to start tracking sales at gun stores, arguing the plans could infringe on consumer privacy and push legal gun sales out of the mainstream financial network. The letter comes more...

Poll: 63% of Americans Say They Are Falling Behind the Cost of Living

(The Center Square) — Newly released polling data shows that the majority of Americans report they are falling behind the cost of living. NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy. Another 63% of surveyed voters say their income...

Treasury Considers Creation of a Digital Dollar to Rival, Regulate Cryptocurrency

(Headline USA) The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The move has been criticized by cryptocurrency advocates who see it as...

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...
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