Wednesday, May 14, 2025

FINANCE

McConnell Warns Yellen that GOP Won’t Help Raise Debt Limit

(Associated Press) Senate Minority Leader Mitch McConnell has warned Treasury Secretary Janet Yellen he is not budging on his demand that Democrats go it alone on the federal debt limit, deepening the emerging standoff in Congress over how to boost the government's borrowing authority. Doug Andres, a spokesman for McConnell, said...

Treasury Dept Seeks to Track Transactions of Bank Accounts Over $600

(Peter Jacobsen, Foundation for Economic Education) In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration's new plan for reporting requirements for financial institutions. The document is unequivocal about the administration’s goal for financial reporting,...

Consumer Prices Up 5.3 Percent as Inflation Continues to Surge

(Casey Harper, The Center Square) New federal data released Tuesday showed a continued trend of elevated inflation. The Bureau of Labor Statistics released the Consumer Price Index (CPI), a key marker of inflation, which shows the aggregate price increase in a wide range of goods and services. The price index increased...

SalesForce CEO Says He Will Help Employees Leave Texas to Escape Pro-Life Law

(Headline USA) The CEO of Salesforce said the company will help employees leave Texas, and he did so while retweeting a story linking the offer to concern about Texas' new pro-life law. Salesforce, which sells customer-management software, joins a small number of companies that have reacted against the Texas law. CNBC...

Arizona Divests Its Unilever Bonds over Ben & Jerry’s Israel Move

(Headline USA) Arizona has sold off $93 million in Unilever bonds and plans to sell the remaining $50 million it has invested in the global consumer products company over subsidiary Ben & Jerry's decision to stop selling its ice cream in Israeli-occupied territories, the latest in a series of...

Republicans Urge Businesses to ‘Openly Rebel’ Against Biden Vax Mandate

Republican lawmakers encouraged businesses to stand up to President Joe Biden’s employer vaccine mandate and refuse to comply. Biden unveiled the new rule on Thursday, which requires employers with more than 100 employees to either mandate the coronavirus vaccines or weekly testing for employees who choose not to get vaccinated. Rep....

Inflation Surges an Unprecedented 8.3 Percent in August

(Headline USA) Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7%...

Black Laborers Sue Farm Operation for Hiring Immigrants Instead of Them

(Headline USA) Six black farmworkers in Mississippi say in a new lawsuit that their former employer brought laborers from South Africa to do the same jobs they were doing, and that the farm has been violating federal law by paying the white immigrants more for the same type of work. Mississippi...

United Airlines Staff w/ Vax Exemptions Forced to Go on Unpaid Leave

United Airlines announced on Thursday that employees who receive a religious or medical exemption from the mandatory COVID-19 vaccine will be placed on unpaid leave for an indefinite period, The Epoch Times reported. Those employees who apply for a vaccine exemption but do not receive it within five weeks will...

WHISTLEBLOWERS: American Express Discriminates Against White Employees

Five whistleblowers said on Thursday that American Express favors black employees over white employees, regardless of their qualifications, when considering them for promotions. One anonymous former employee said in an interview with Fox Business that American Express would not promote white employees at all. "I wanted to move up really bad....

The Story of Silver’s Future as Money Is Yet Untold

Silver’s near-term price trajectory remains uncertain amid choppy market conditions. Its future, however, looks bright. In addition to the white metal’s growing uses in high-tech and alternative energy industries, some silver bulls are banking on rising bullion demand by retail investors and a possible reinvigoration of its use as currency. The story...

Job Openings Soar, But Americans Have Not Gone Back to Work

(Casey Harper, The Center Square) Job openings continued to rise in July, even as unemployment rates remained elevated, federal jobs data released Wednesday show. The Bureau of Labor Statistics released the Job Openings and Labor Turnover Survey, which showed 10.9 million open jobs for the month of July, much higher than...
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