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Sunday, January 12, 2025

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Americans Have Spent All of Their Pandemic Savings and Then Some

(Mike Maharrey, Money Metals News Service) Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation. But these pundits and politicos rarely talk about how Americans have weathered the inflationary storm. When you look at the...

House Dem. Attacks Trump-Supporting Union Members, Calls Them ‘Uninformed’

(Dmytro “Henry” Aleksandrov, Headline USA) Rep. James McGovern, D-Mass., recently said that almost 60% of the International Brotherhood of Teamsters union members are "uninformed" because they support Donald Trump for president. “It’s clear that these workers are misinformed or uninformed about Trump’s record on labor. He is the most anti-labor...

Dollar Danger, De-dollarization, and Central Banks’ Move to Gold

(Money Metals News Service) In the latest Money Metals Midweek Memo, hosted by Mike Maharrey, a comprehensive discussion on the dangers facing the U.S. dollar, de-dollarization trends, and global central bank policies took center stage. Maharrey highlights a looming threat to the U.S. dollar's dominance and its potential long-term impact...

Hedge Fund Billionaire Says He’d Pull Money from Market and Go to Gold If Harris Wins

(Mike Maharrey, Money Metals News Service) Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election.  The Paulson and Co. founder and CEO has been called “one of the most prominent names...

MAHARREY: Actions Speak Louder Than Words: Fed Supersizes Rate Cut

(Mike Maharrey, Money Metals News Service) Jerome Powell says the economy is in “solid shape.” Jerome Powell says inflation is still elevated. Jerome Powell says he doesn’t see a recession risk. And yet the Federal Reserve just supersized its rate cut, indicating that the central bankers are more worried about...

House Rejects Funding Stopgap Tied to Election Integrity; 14 Republicans Join Dems

(Headline USA) The House on Wednesday night rejected a bill to fund federal government for six months that was packaged alongside election-integrity measures such as proof-of-citizenship requirements. The bill failed after 14 Republicans joined Democrats to reject it---including some who stood on principal in opposition to any short-term funding extensions. Speaker...

The Party’s Over: Iconic Tupperware Brands Seeks Chapter 11 Bankruptcy

(Headline USA) Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before...

Flip-Flopping Kamala Dodges Question on Whether She Still Backs Reparations

(Headline USA) Vice President Kamala Harris dodged a question about whether she still supports reparations during a softball interview Tuesday with the National Association of Black Journalists, NBC News reported. Politico writer Eugene Daniels, the NABJ moderator, noted that Harris had previously expressed support for a federal “commission,” modeled after those...

Fed Fulfills Promise w/ Half-Point Rate Cut, but Reaction Dampened by Expectation

(Headline USA) The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than...

Embattled Boeing Considers Temporary Layoffs as Worker Strike Piles on Struggles

(Headline USA) Boeing told employees Monday that it planned to freeze hiring and reduce travel and was considering temporary layoffs to save cash during a factory workers’ strike that began last week. The troubled company said the moves, which include reduced spending on suppliers, were necessary because “our business is...

Major Companies Bail on Radical Activist Group’s LGBT Index after Anti-Woke Pushback

(Headline USA) Facing increased accountability from pro-values consumers over the pernicious influence of the controversial Environmental, Social and Governance (ESG) movement in both the workplace and the marketplace, major corporations have begun bailing on a radical LGBT activist group's longstanding demands. The Human Rights Campaign initially focused its report card,...

Howard Stern Backlash Prompts Sirius Cancellation Concerns

(Ben Sellers, Headline USA) As one of SiriusXM's top former draws unleashed a vicious diatribe against supporters of GOP presidential nominee Donald Trump, the satellite-radio company unveiled plans for a weekly show with Trump's top primary rival, in what may be a last-ditch bid to salvage some of its Republican...
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