Sunday, April 20, 2025

FINANCE

September Jobs Report Abysmal Yet Again

Job creation in September came up well short of the anticipated numbers once again, MSNBC reported. With an increase of merely 194,000 jobs according to the Labor Department---well under the predicted 500,000---economists have once again failed to explain what is wrong with the US economy. "This is quite a deflating report,"...

Biden’s Pick for Bank Czar Is Avowed Marxist Who Wants to Nationalize Finance

President Joe Biden has selected an ardent Marxist, Saule Omarova, who went to Moscow State University under a scholarship named after communist dictator V.I. Lenin and wrote her thesis on Karl Marx, as U.S. controller of the currency, responsible for supervision of banks in the United States. The appointment has...

Dem Logic: Latest ‘Solution’ to Debt-Cap Crisis Is to INVENT a $1 Trillion Coin

(Headline USA) Some Democrats think they may have found a 'silver bullet' in the ongoing impasse over the debt limit---except the bullet is made of platinum. Left-wing radicals have proposed minting a $1 trillion coin and using it to flood the treasury with cash. Notwithstanding the fact that such a move...

Labor Dept. SHOCK: Unemployment Claims Rise for THIRD Straight Week

(Headline USA) The number of Americans applying for unemployment benefits rose for the third straight week, a sign that Democrats in control of the government who plan to blow out federal spending --- riding inflation to new highs --- are slowing a recovery in the job market. Claims rose unexpectedly by...

The Fed’s ‘Dangerous’ Path Toward Debt Monetization

A prominent U.S. Senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and fiscal policy were lost on everyone involved. On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee, where Senator Elizabeth Warren led the left wing of...

POLL: Majority of Americans Think Those Refusing Vax Shouldn’t Lose Jobs

(Casey Harper, The Center Square) New polling on President Joe Biden’s federal vaccine mandate shows the majority of Americans do not think unvaccinated workers should lose their jobs. Convention of States Action released the poll Wednesday, which reports that 65% of surveyed voters “do not believe Americans should lose their jobs...

AT&T to Require Vaccines for 90,000 of Its Union Workers

(Headline USA) AT&T has become one of the largest employers in the U.S. to mandate vaccines for a significant number of frontline workers. The telecom company said Wednesday that its employees in the Communications Workers of America union will be required to be fully vaccinated by Feb. 1, “unless they...

Psaki Won’t Recognize Economic Reality Because She Thinks It’s Mean

(Brad Polumbo, Foundation for Economic Education) Ayn Rand famously quipped, “You can avoid reality, but you cannot avoid the consequences of avoiding reality.” White House Press Secretary Jen Psaki’s latest viral flub seems perfectly calibrated to confirm the late author’s wise words. At a Monday press conference, Psaki was confronted by journalists...

The Biggest Federal Reserve Scandal

(Ron Paul Institute) Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to the biggest Fed...

Vaccine Mandates Drive Staffing Shortages for Hospitals, Medical Facilities

(Bethany Blankley, The Center Square) Federal and state COVID-19 vaccine mandates are exacerbating a nursing shortage in California. The recent federal mandate requires health care workers at Medicare- and Medicaid-funded hospitals to take the COVID-19 vaccines or the facilities where they work would lose federal funding. The order has resulted in...

STUDY: Why Californians are Leaving the State in Droves

(Cole Lauterbach, The Center Square) Results from the 2020 census showed California’s population losses led to the state shedding a member of Congress for the first time since inception. The California Department of Finance announced in May that California’s population fell for the first time, dropping by more than 182,000 people in...

Fed Chair Admits Biden Inflation Is Worse than Expected

(Headline USA) Federal Reserve Chairman Jerome Powell is preparing to tell Congress that the current spike in U.S. inflation has proven to be larger and more long-lasting than expected. But, in remarks prepared for delivery Tuesday, he says that if inflation does not abate, the Fed is ready to use...
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