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Tuesday, November 5, 2024

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Sagging Retail Sales: Another Sign Americans May Be Tapped Out

(Mike Maharrey, Money Metals News Service) It's starting to get difficult for the most optimistic cheerleader to pretend this economy is "robust." We got more evidence today that the American consumer is tapped out. And that's really bad news for an economy that depends on consumers buying stuff to keep rolling...

American Airlines Stewardess Accused of Discriminating over MAGA Hat

(Molly Bruns, Headline USA) Heather Mullins, an independent journalist and Donald Trump supporter, accused an American Airlines stewardess of discriminating against her for wearing a "Make America Great Again" hat, according to the Daily Mail. Mullins said the flight attendant skipped her drink order and responded unprofessionally when asked about it,...

Biden Administration Runs Biggest Deficit of the Year in May

(Mike Maharrey, Money Metals News Service) The Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist. Federal spending overshot receipts by $347.13 billion last month, despite a 5 percent increase in revenues, according to the Monthly Treasury...

More De-Dollarization – Tanzania Seeks to Limit Use of the Dollar

(Mike Maharrey, Money Metals News Service) On June 13, Tanzania Finance Minister Dr. Mwigulu Nchemba issued a directive in an effort to curb the widespread use of the U.S. dollar in the country. This is just one among many body blows taken by the dollar over the last several years.  The...

Consumer Backlash in 2023 Produced a Mild Pride Month in 2024

(Headline USA) With pride month halfway over, shoppers can find the usual celebration of sodomy in some stores. But analysts say the marketing is toned down compared to previous years, and at some chains, there's no trace of pride month at all. The more decent atmosphere underscores the struggle of...

SCOTUS Gives Starbucks Victory in Memphis Union Lawsuit

(Carleen Johnson, The Center Square) – The U.S. Supreme Court on Thursday ruled in favor of Starbucks in a labor dispute with seven workers who tried to unionize one of the coffee company's stores in Memphis, Tenn. The decision overturns an order from the National Labor Relations Board to reinstate the...

Second Round of Lawsuits Filed Over EPA Emissions Rule, EV Mandate

(Bethany Blankley, The Center Square) – Several more groups have sued the Environmental Protection Agency over a new emissions rule and electronic vehicle mandate it's seeking to impose, which opponents argue would hurt the auto and agricultural industries. It's the second round of lawsuits filed against the EPA after 25...

Porn Industry Sues Again over Law Requiring Sites to Verify Users’ Ages

(Headline USA) An Indiana law that requires pornographic websites to verify users’ ages— one of numerous such statutes in effect across the country—is being challenged by an association of the adult entertainment industry. In April, the U.S. Supreme Court rejected a request by the same group, the Free Speech Coalition,...

California Lawmakers Reject Gov. Newsom’s Meager Budget Cuts in Favor of Tax Hikes

(Headline USA) The California Legislature on Thursday rejected many of Gov. Gavin Newsom's most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help address an estimated $45 billion deficit while preserving spending on many social safety net programs. The budget lawmakers approved is...

A Judge Just Ordered Alex Jones to Liquidate His Assets. Could THIS Be His Next Move?

(Headline USA) A federal judge on Friday ordered the liquidation of radio host Alex Jones′s personal assets but was still deciding on his company’s separate bankruptcy case, leaving the future of his Infowars media platform uncertain. However, Jones's recent Twitter activity may offer a clue. In December, Jones appeared as...

The Gold Guru: Interview with Greg Weldon

(Money Metals News Service) In this episode of the Money Metals Exchange podcast, host Mike Maharrey speaks with Greg Weldon, CEO of Weldon Financial. Weldon is known for his in-depth financial analysis and publications, including the Global Macro Strategy report and the Gold Guru report. Greg Weldon's extensive experience, authoritative...

Federal Reserve Wants to Cut Rates, Appears Trapped by Inflation

(Stefan Gleason, Money Metals News Service) As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.  Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal...
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