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Wednesday, February 5, 2025

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The Fed’s Quest for Higher Inflation: What Could Go Wrong?

The Federal Reserve is warning investors in no uncertain terms that higher rates of inflation are coming. Yet markets, for the most part, have disregarded that warning. Bond yields, for example, remain well below 2% across the entire duration range. Stock market valuations continue to reflect a sanguine outlook for inflation....

Trump Admin Reaffirms Strict Limits on Skilled-Worker Visas During Pandemic Crisis

(Headline USA) The Trump administration announced plans Tuesday to sharply limit visas for skilled workers from overseas, a move officials said was a priority amid job losses caused by the coronavirus pandemic. Department of Homeland Security and Department of Labor officials said new rules for what's known as the H1-B...

Tech Company CEO Halts Employee Political Talkers; Will Pay Them to Just Go Away

Coinbase, a cryptocurrency exchange company, is forbidding employees from discussing political and social issues at work, and offered to pay employees who decide to quit in light of the new rule. CEO Brian Armstrong told staff in an email that the company would offer severance packages to anyone “who doesn’t feel...

Senate Subpoenas Big Tech CEO; Cruz Wants Them to ‘Answer to the American People’

The Senate Commerce Committee's Republicans and Democrats unanimously voted on Oct. 1 to subpoena Big Tech CEOs: Twitter's Jack Dorsey, Google's Sundar Pichai, and Facebook's Mark Zuckerberg, the Verge reported. The CEOs will testify before Congress regarding Section 230 of the Communications Decency Act, which protects Big Tech from free-speech...

Uber, Lyft Seek Big-Tech Exemption to California Law Targeting Gig Economy

(Headline USA) Californians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees. The battle between the powerhouses of the so-called gig economy and labor unions including the International Brotherhood of Teamsters...

Newsom Signs Law Mandating Racial, Gender Quotas in Corporate Boardrooms

(Headline USA) Hundreds of California-based corporations must have directors from racial or sexual minorities on their boards under a first-in-the-nation bill signed Wednesday by Gov. Gavin Newsom. The diversity legislation is similar to a 2018 measure that required boardrooms to have at least one female director by 2019. Like that measure, it...

Debate Debacle: What Biden and Trump SHOULD Have Been Asked

Tuesday night’s presidential debate between Donald Trump and Joe Biden won’t go down as a great moment in the annals of American democracy. That much both camps, as well as independent observers of the chaotic spectacle, can agree upon. The post-debate debate over whose interruptions or insults were most egregious totally...

NC’s Dem Gov. Gives $445M to Big Corporations as Small Businesses Suffer Under Lockdown

(Kari Travis, Carolina Journal) Gov. Roy Cooper has promised $445 million state tax dollars to corporations so far in 2020. At the same time, he’s kept a large swath of North Carolina’s small businesses closed under his COVID-19 orders. It’s another example of the governor’s double standards and egregious misuse of...

Financial Experts Debunk NYTimes’ Attempt to Smear Trump over Loan Debt

(Headline USA) A recent New York Times article smearing President Donald Trump over his finances said Trump must pay back more than $300 million in loans over the next four years. According to partisan attacks, Trump's alleged debt raised the possibility of an unprecedented situation should he win a second...

Consumer Confidence Posts Solid Gain to 101.8 in September

(Associated Press) U.S. consumer confidence rebounded more quickly in September than most economists had expected, though they remain far from levels that were the norm before the pandemic struck. The Conference Board reported Tuesday that its consumer confidence index rose sharply to a reading of 101.8, up from 86.3 in August,...

DOJ Gives Epstein-like Slap on the Wrist to JPMorgan Chase

(Clint Siegner, Money Metals News Service) Gold and silver investors may have little in common with Jeffrey Epstein’s teenage victims or violent “Black Lives Matter” rioters, but there is one issue upon which they might all agree. Our system of justice often fails. Department of Justice officials refuse to apply the rule...

Anonymously Sourced NYT Report: Trump Paid $750 in Income Taxes in 2016, 2017

(Headline USA) President Donald Trump allegedly paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to an anonymously sourced report Sunday in the New York Times, which refused to disclose how it came across or obtained...
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