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Friday, March 29, 2024

FINANCE

Could Red-Pilled Jack Dorsey Be Musk’s Inside Man at Twitter?

(Molly Bruns, Headline USA) After Twitter's board initiated their "poison pill" effort, billionaire Elon Musk may be preparing a countermove by teaming up with other investors, Western Journal reported. After Musk made the offer to purchase the company for $43 billion, the company's board of directors unanimously decided to adopt...

Biden Pivots Toward ‘America First’; Mandates US Steel, Iron for Infrastructure

(Headline USA) The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing---issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material. The guidance being issued Monday requires that the material purchased---whether it's for a bridge, a...

As Tax Deadline Arrives, IRS Has Millions of Unprocessed Returns from Last Year

(The Center Square) The last weekend for Americans to file their taxes before the Monday deadline is here, but the Internal Revenue Service still faces major backlogs for individual and business filings. IRS Commissioner Charles Rettig testified before Congress last month, promising to clear through the 20 million unprocessed 2021...

Amazon Announces New 5% Bidenflation Fee

(Tony Sifert, Headline USA) Amazon has announced a plan to charge third-party sellers who use Fulfillment by Amazon a 5% "fuel and inflation surcharge," beginning April 28, according to the Associated Press. "In 2022, we expected a return to normalcy as COVID-19 restrictions around the world eased, but fuel and...

Chicago Giving Out Random $500 Payments to Promote ‘Racial Equity’

(Jacob Bruns, Headline USA) In the name of racial equity, Mayor Lori Lightfoot's city of Chicago has decided to hand out $500 to random Chicagoans. In a press release earlier this week, Lightfoot wrote that the money is being handed out in order to address COVID-19. The program's participants will be...

Rival Billionaires Scramble to Keep Musk from Twitter Takeover

(John Ransom, Headline USA) Some of the world’s richest men are stepping up to prevent the world’s richest man from buying a social media company that has become famous as much for who it excludes as who it includes. Elon Musk, who some describe as the worlds’ richest man, has made...

BLM Co-Founder ‘Triggered’ by IRS’s Nonprofit Transparency Laws

(Molly Bruns, Headline USA) Black Lives Matter co-founder Patrice Cullors---the primary resident of a swanky, $6 million California mansion---claimed that, after recent scrutiny from tax officials, the act of filling out required financial documentation for nonprofit status had become a traumatic event, the Washington Examiner reported. "It is such a...

Chuck Schumer says White House ‘More Open’ to Debt Forgiveness

(Molly Bruns, Headline USA) In a virtual conference Senate Majority Leader Chuck Schumer, D-N.Y., hinted that the White House may be open to cancelling student debt via executive order, as Democrats continue to plummet in polls. Schumer also said that after President Biden's extension of the student loan forbearance, wide-scale...

Musk Offers to Buy Twitter Outright, Avoiding Hostile Takeover

(Headline USA) Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company’s board of directors. Twitter Inc. said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9% of its stock...

Inflation Soaring Off The Charts; Recession Increasingly Likely

(Tony Sifert, Headline USA) The producer price index, which according to the U.S. Bureau of Labor Statistics measures changes in the wholesale prices of goods, has risen 11.2% in the last year, CNBC reported, with the PPI increasing 1.4% in March alone. "On an unadjusted basis, final demand prices moved up 11.2...

Leftists Hope Canceling Student Loans Will Save Election Prospects

(Alex Tien, Headline USA) Sensing impending catastrophe at the midterms, Democrats are moving to buy votes by forgiving student debt. In a blatant and obvious attempt to avoid an enormous red wave, the Biden administration is hoping that throwing more money at potential voters will help to somehow stop election...

WaPo Columnist: Letting in More Immigrants Will Solve Inflation

(Molly Bruns, Headline USA) In the latest panicky attempt to solve inflation before midterms, left-leaning Washington Post columnist Catherine Rampell has suggested the issue can be fixed by letting more immigrants into the United States, NewsBusters reported. In the article, Rampell recognizes that "Democrats are terrified that a coming border...
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