Friday, May 9, 2025

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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...

NJ Town Revokes Business License of Gym That Refused to Close

A borough council in New Jersey voted to revoke the business license of a gym that defied officials’ demands and continued to operate throughout the coronavirus pandemic. The Bellmawr council voted 5-1 on Tuesday to rescind Atilis Gym’s mercantile license, according to NJ.com. The council members argued that the gym’s owners,...

Silver May Be Overextended – But It’s STILL Cheap

Silver prices aren’t just rising; they’re erupting! Silver has been ascending at a far steeper rate than the climactic move of 2010-2011 which briefly brought prices back up to all-time nominal highs. Adding a 20-week rate of change (ROC) indicator to the silver futures chart below shows prices gaining 122.4% over...

Trump Bans Dealings w/ Chinese Owners of TikTok, WeChat

(Headline USA) President Donald Trump has ordered a sweeping but vague ban on dealings with the Chinese owners of social media apps TikTok and WeChat on security grounds, a move China's government criticized as “political manipulation." The twin executive orders issued Thursday — one for each app — add to growing...

Exodus from Manhattan: NYCity Moving Companies Overwhelmed by Demand

New York Gov. Andrew Cuomo's delusion that the mass exodus from New York City is a short-term problem was quickly dispelled by a report on Big Apple moving companies that continue to see unprecedented demand. Oz Moving, for instance, said it has seen an uptick in requests for quotes to...

US Adds 1.8M Jobs, Exceeding Expectations as Virus Resurged

(Headline USA) The United States added 1.8 million jobs in July, with the unemployment rate declining from 11.1 percent to 10.2 percent, which exceeded many economists' forecasts. Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost...

Cuomo Begs Wealthy NYC Residents to Return, Help Pay COVID Shortfall

New York Gov. Andrew Cuomo begged wealthy Manhattanites who fled the Big Apple during the height of the coronavirus pandemic to return to the city and help ease the financial burden caused by the pandemic. “I literally talk to people all day long who are now in their Hamptons house...

Has the Fed Let the Inflation Genie Out of the Bottle?

The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note's value and status. With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major...
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