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Friday, February 3, 2023
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FINANCE

Inflation Overshadows Biden’s Boasts on Rising Wages

(The Center Square) – President Joe Biden touted Americans' rising wages over the weekend, but a closer look shows there is more to the story. “More Americans have health insurance than ever in history,” Biden wrote on Twitter. “Fewer families are facing foreclosure today than before the pandemic. And wages...

CNN Shutters Its Once Vaunted Atlanta Headquarters

(Jacob Bruns, Headline USA) Financially troubled CNN is fleeing its longtime downtown Atlanta, Georgia headquarters in order to take up residence in the suburbs, the Washington Examiner reported. The news comes as the network faces flagging ratings and deepening financial troubles, despite its recent hire of RINO ex-Rep. Adam Kinzinger as a...

Tennessee Lawmakers Introduce “Tennessee Bullion Depository Act”

Tennessee Lawmakers Introduce "Tennessee Bullion Depository Act" (Nashville, Tennessee, USA – January 12th, 2023) - Building on the success of passing a full sales tax exemption on precious metals (HB 1874 and SB 1857) in 2022, lawmakers in Tennessee have set their sights on another pro-sound money effort: an in-state bullion...

From Tea Party to Kool-Aid: GOP Rep. Wants Zelenskyy Bust in Congress

(Jacob Bruns, Headline USA) Former Tea Party leader, Rep. Joe Wilson, R-S.C., betrayed his own constituents, putting forward a resolution to display a bust of Ukrainian President and amateur actor Volodymyr Zelenskyy in the United States Capitol. Wilson, who has served in Congress since 2001 and who is senior member...

Woke ESG BlackRock Sinks a $1.5T Loss, Sparks Mass Layoffs

(Mark Pellin, Headline USA) The deep state corporate ally BlackRock logged a $1.5 trillion loss in assets for the third quarter of 2022, leading to mass layoffs after pushing radical leftist environmental and social policies and struggling along with other companies in Biden’s failed economy. While the corporation’s assets remained a...

FTC Proposes Ban on Noncompete Clauses

(The Center Square) – The Federal Trade Commission proposed a ban on noncompete clauses Thursday, which the FTC said were often exploitative and suppressed wages and competition. "The freedom to change jobs is core to economic liberty and to a competitive, thriving economy," Chair Lina Khan said in a statement....

STUDY: Pandemic Learning Loss Could Cost Students $70K in Lifetime Earnings

(Brett Rowland, The Center Square) Pandemic learning loss could reduce the lifetime earnings of students by $70,000, according to a study from a Stanford economist. The study, based on math test scores, projects the losses could total $28 trillion over the course of the century, said Eric Hanushek, the Paul...

Biden Oversees Worst Year for S&P 500 since 2008, $8.2 trillion in Losses

(The Center Square) – The S&P 500 had its worst year since 2008 and saw its third annual decline since 2018. The blue chip index closed out 2022 at 3,839.50, a 19.4% loss over the year, after closing 2021 at 4,766.18, representing 27% in gains. The reversal represents $8.2 trillion...

S&P 500 Ends the Worst Year Since 2008 Housing Crisis with More Loses

(Headline USA) Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends. It's just its third annual decline since...

IRS Increases Deductible Costs for Mileage by 3-cents per Mile in 2023

(Tom Gantert - The Center Square) The optional standard rate for deductible costs for operating an automobile for business will increase to 65.5 cents per mile in 2023, a 3-cent increase from the current rate, according to the IRS. The new rates begin Jan. 1 and apply to electric and hybrid-electric...

11 States to Cut Individual Income Taxes in 2023

(Josh Hypes - The Center Square) Arizona, Idaho, Indiana, Iowa, Kentucky, Mississippi, Missouri, Nebraska, New Hampshire, New York and North Carolina will cut the individual income tax rate on New Year’s Day, according to the Tax Foundation. Over the past two years, more than 20 states have cut individual income...

Southwest Airlines Flight Cancellations Continue to Snowball

(Headline USA) Southwest Airlines continues to slash about two-thirds of its daily schedule, canceling another 2,350 flights Thursday, though most of the planes that flew arrived on time. Southwest is struggling to recover after being overwhelmed by a winter storm that left hundreds of pilots and flight attendants stranded out...
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