Friday, May 9, 2025

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US Unemployment Rate Falls to 8.4%; 1.4M Jobs Added in August

(Headline USA) The U.S. unemployment rate fell sharply in August to 8.4% from 10.2%. Employers added 1.4 million jobs, the Labor Department said, down from 1.7 million in July. The U.S. economy has recovered about half the 22 million jobs lost to the pandemic. Governors --- mostly Democrats --- are still keeping...

Facebook Will Not Accept New Ads the Week Before 2020 Election

(Headline USA) With just two months left until the U.S. presidential election, Facebook says it is taking more steps to encourage voting, minimize "misinformation," and reduce the likelihood of post-election “civil unrest.” The company said Thursday it will restrict new political ads in the week before the election and remove...

Pension Funds Start Looking to Gold to Avert Disaster

Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red. Some are in better shape financially than others. But all pension plans will have...

Amazon Becomes Third Company Cleared for Drone Deliveries

(Headline USA) Getting an Amazon package delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday it had granted Amazon approval to deliver packages by drones. Amazon said that the approval is an “important step," but added that it is still testing and flying the...

How Will the Election Impact the Bullion Market?

(Clint Siegner, Money Metals News Service) Bullion investors took a breather when Donald Trump was elected in 2016. Demand for coins, rounds, and bars fell significantly on the day after election day and stayed down for the next 3 years. After 8 years of Barack Obama, ultra-loose fed policy and a historic...

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...
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