Sunday, April 20, 2025

FINANCE

Calif. Renewable Energy Blackouts a ‘Green’ Suicide Model for the Country

California is the world’s fifth-largest economy — larger than India — and it can’t keep the lights on. All it took for the spectacularly mismanaged state to fall victim to its own “green” energy policies was a summer heatwave. Thanks to a religious aversion to fossil fuels, hundreds of thousands...

South Dakota Gov. Kristi Noem Turns Down Extra Unemployment Benefits

South Dakota Gov. Kristi Noem, who has increasingly become the face of the anti-lockdown coalition, said Friday that her state will not accept $400 weekly unemployment payments from the federal government. Noem never forced South Dakota's citizens into house arrest or ordered businesses to close shop, so the state has...

The Case for a Platinum-Plated Metals Portfolio

Do precious metals still represent good value? With gold just coming off a new all-time high above $2,000/oz and silver having more than doubled off its March bottom, some investors may be wary of entering these markets right now. However, when adjusted for inflation, when measured against the stock market, or...

Congressional Allies Launch Sound Money Caucus on Capitol Hill

(Jp Cortez, Money Metals News Service) As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this...

Biden & Harris Criticize Uber & Lyft for Denying ‘Basic Rights,’ But Have Taken 1,450+ Rides

Presumptive Democratic nominee Joe Biden and his running mate, Kamala Harris, have both criticized the ridesharing services Uber and Lyft for their business models, yet their campaigns have paid more than $80,000 for their services. Reports obtained from the Federal Election Commission by Americans for Tax Reform show that the...

US Retail Sales Regain Pre-Virus Level

(Headline USA) Americans increased their retail purchases by 1.2 percent in July, with solid gains in appliances and clothing helping restore sales to their level before the viral pandemic erupted in March. Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April,...

US Industrial Production Up 3%; Factory Output Up 3.4%

(Headline USA) American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck. The Federal Reserve reported Friday that industrial production — including output at factories, mines and utilities — climbed 3% in July after surging 5.7%...

Uber Plans to Pull Calif. Operations over Contract-Worker Regulations

Uber CEO Dara Khosrowshahi said on Wednesday that the ride-hailing service would temporarily suspend its app in California if the state continues to try to force the company to classify its drivers as employees instead of contractors. Uber CEO Dara Khosrowshahi tells @SRuhle the ride-hailing app would have to shut...

NC Republicans Rebuke Whiny Cuomo for Claiming NY Can’t Afford Unemployment Benefits

When New York Gov. Andrew Cuomo, who presided over the worst of all US coronavirus outbreaks in his home state, took it upon himself to advise the mayor of Savannah, Ga., about "best practices," many saw it as hollow political grandstanding. But if Cuomo, a Democrat, is sincere in his...

Jobless Claims Fall Below 1 Million for 1st Time Since Pandemic Started

(Headline USA) The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the pandemic intensified five months ago, yet still remains at a high level. The Labor Department said applications fell to 963,000, the second straight drop, from 1.2 million the...

Congressional Dems Scoff at Mnuchin’s ‘Overture’ to Revive COVID Relief Talks

(Headline USA) The White House's top negotiator tried to revive stalled talks Wednesday over coronavirus aid, but House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer dismissed the “overture,” saying the Trump administration is still refusing to meet them halfway. Treasury Secretary Steven Mnuchin reached out to the Democratic...

US Budget Deficit Climbs to Record $2.81 Trillion

(Associated Press) The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more than double the largest...
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