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Wednesday, February 5, 2025

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Unemployment Rate of 9.9% is Lowest Since Before Pandemic

(Courthouse News Service) For the first time since March insured unemployment in the U.S. has dropped below 10 percent, according to a weekly report out Thursday from the Department of Labor. About 1 million Americans filed initial claims for jobless benefits last week while roughly the same number of people stopped...

Businesses Flee Downtown Portland Amid Ongoing Riots

A leading developer in Portland warned that the city's ongoing race riots will likely do permanent damage even if Democrat officials in charge are able to contain them eventually. In a letter to Mayor Ted Wheeler and Portland City Council, Greg Goodman, the co-president of the Downtown Development Group, said...

The New Red Peril Represents a Golden Opportunity

Contrary to much politically motivated, media-fueled paranoia about Russia, the former Soviet Union – with a shrinking population and a GDP smaller than the market capitalization of Apple – poses no serious threat to U.S. economic preeminence. China, by contrast, is a rising superpower that could in time topple the...

Amazon, Walmart, Target Report Record Profits Amid ‘Non-Essential’ Business Closures

Politicians who deride wealth inequality as an unconscionable flaw in American society are among the most responsible for enriching gigantic corporations during the Wuhan virus pandemic. Brick-and-mortar retailers have been dying by the tens of thousands as “blue-state” governors, liberal congressional leaders and the news media have all backed strict...

Appeals Court Denies Trump’s Request to Stop Release of Tax Records

(Headline USA) A federal appeals court said Friday it wouldn't step in right away to delay New York prosecutors' effort to get President Donald Trump's tax records, potentially leaving the Supreme Court as his most promising option to block prosecutors' subpoena. The 2nd U.S. Circuit Court of Appeals denied Trump's...

Appeals Court Gives Reprieve to Uber, Lyft in California

(Headline USA) An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California in a decision that will give the two companies a few more months to protect their business models in a key market. The stay pauses a lower-court ruling...

GOODYEAR: Attire Supporting Police OK, but No Political Wear

(Headline USA) The CEO of Goodyear Tire and Rubber Co. said Thursday that it will allow employees to wear attire supporting law enforcement, though it will continue to ask them not to express support for any political candidates while on the job. In a letter Thursday addressed to “Goodyear Customers,” CEO...

APPEALS COURT: Group Can’t Sue San Antonio over Chick-fil-A Airport Decision

(Associated Press) A group of conservatives doesn't have the legal standing to sue San Antonio over its rejection of a Chick-fil-A restaurant at the city's airport, a Texas appeals court ruled. The San Antonio City Council approved a contract last year with an Atlanta-based company to bring new vendors to San...

Amazon Censors Anti-Kamala Items; Allows ‘F*** Trump’ Apparel

Amazon censored vulgar political speech this week by removing shirts that referred to Democratic vice presidential nominee Kamala Harris as a "hoe." A seller named The Oxygen Bandit promoted shirts that said "Joe and the Hoe," which sold for $24.99 to $42.99 depending on the style. "All sellers must follow our selling...

Famed Gold-Disliker Warren Buffett Shorts the Economy

(Keith Weiner, Money Metals News Service) The big news in the monetary metals is that Warren Buffett—famed disliker of gold—sold bank stocks to buy gold mining shares. What’s interesting to us is not that we think he has any special powers to predict the gold price. After all, he famously bet on...

Why Uber, Lyft Are About to Shut Down All Operations in California

(Brad Polumbo, Foundation for Economic Education) This Friday, Uber and Lyft are set to entirely shut down ride-sharing operations in California. The businesses’ exit from the Golden State will leave hundreds of thousands of drivers unemployed and millions of Californians chasing an expensive cab. Sadly, this was preventable. Here’s how we got...

Trump Lashes Out at Goodyear Over Pro-BLM, Anti-MAGA Policies

(Headline USA) President Donald Trump on Wednesday urged people to boycott tires from Goodyear Tire and Rubber Co., tweeting that the Ohio-based company had “announced a BAN ON MAGA HATS.” “Get better tires for far less! (This is what the Radical Left Democrats do. Two can play the same game, and...
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