Joe Biden’s $2.3 trillion infrastructure, the “American Jobs Plan,” has been touted by the White House as a job-creating engine that will boost the economy into post-COVID overdrive…There’s a problem with calling it the “American Jobs Plan.” It would actually cost the American economy about 100,000 jobs, according to the Tax Foundation…
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JoeBama and the EU End 17-Year Trade Dispute Over Boeing and Airbus Tariffs…Lifted Billions in Duties on French Winemakers, German Cookies and U.S. Spirit Manufacturers…
United States and the European Union reached a deal Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus…’Instead of fighting with one of our closest allies, we are finally coming together against a common threat,’ U.S. Trade Representative Katherine Tai said…
Who Knew?: ‘Airbnb Has Secretive ‘Black Box’ Team Paying Out $50M a Year…Gives Staff Blank Checks to Help Rape Victims and Clean-up Dismembered Human Remains’…
The secretive safety team – known as the ‘black box’ inside the firm – is made up of around 100 agents across cities including Dublin, Montreal and Singapore…Team members have the power to spend any amount tackling the worst crises at their rentals including sexual assaults, murders and deaths…They are tasked with providing support to guests and hosts and also working to keep the incidents out of the public eye…
Texas Power Grid Operator ERCOT Issues Conservation Alert, Asks Texans to Raise Thermostats, Unplug Appliances to Avoid Blackouts…
Here we go…Texas power grid operator ERCOT (Electric Reliability Council of Texas) issued a conservation alert on Monday…
Gas Prices Jump Again As Crude Oil Hit Highest Price in Nearly 3 Years…
The prices of gasoline and crude oil both moved higher on Monday, squeezing U.S. consumers in the grip of the strongest inflation in over a decade…
Judge Blocks JoeBama’s ‘Unconstitutional’ $4BN Plan to Wipe Debts of Non-White Farmers…
A federal judge has issued an order to block Democrat Joe Biden’s “unconstitutional” plan to use $4 billion in taxpayer money to pay off the debts of farmers – provided they aren’t white…
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax …
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing…
THREAD: Blackrock, Worlds Largest Asset Manager, Is Buying Every Single Family House They Can Find…
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying…
Massive Inflation Continues, Real Wage Rates Declining, Middle Class Getting Squeezed Harder, Unleaded Gasoline Up 58%…
We noted last month the inflation issues were not going to get better and indeed they are getting worse. The Bureau of Labor Statistics (BLS) has released the latest inflation data, and the rate of inflation continues to increase at an alarming rate; now at 5% year over year for all items…
There Is Not One Elected Official at the Federal Reserve, But It Has Been Unilaterally Rewriting the Rules on Wall Street Since 2007…
The Federal Reserve will release the results of its stress tests of the mega banks on Wall Street on June 24. That exercise is nothing more than a shell game to mislead Congress and the public into believing that actual due diligence is being done by the Fed on these massive federally insured banks with their inhouse trading casinos…
Justice Department Opens Probe into Potential Bank Cartel That Financed Archegos…
Last evening, Bloomberg News, followed by the Wall Street Journal, reported that the U.S. Department of Justice has opened a probe into the late March collapse of the Archegos family office hedge fund…
Biden Administration Will Import Metals and Close U.S. Mines To Appease Environmental Wing of Party…
Every economic policy of the JoeBama administration benefits other nations at the cost of the U.S. middle class. If you look at the Biden policy from a position of America’s interests they get everything wrong. However, if you look at Biden economic policy from a goal to weaken the U.S. and benefit other nations, they get everything right…
PROFITEERS: COVID Vaccines Minted at Least Nine New Pharma Billionaires…
Nine executives from Moderna, BioNTech, ROVI and CanSino Biologics have all become billionaires throughout the pandemic…Together they are now worth $19.3 billion – a combined net wealth greater than what it would cost to vaccinate the world’s poorest nations…
Lobbyist for Foreign Elites Behind Russian Pipeline Pumped Cash into JoeBama Campaign…
Biden lifted sanctions for Russia’s Nord Stream 2 despite shutting down U.S. pipeline…
Judge Blocks Biden Administration from Doling Out Grants Based on Race, Gender…
A federal judge in Texas this week blocked the Biden administration from prioritizing grants in a COVID-19 restaurant relief program by their race or gender…
After Being Declared ‘Dead’ For the 414th Time, Crypto Markets Are Roaring Back…
The ripples created by the cryptocurrency market crash which saw $1.1 trillion eviscerate from the global market cap in a matter of days continued to reverberate on Wednesday, as a majority of coins experienced notable rebounds…
AT&T CEO Admits Deal to Buy Time Warner Was a Bad Decision Costing Shareholders Billions…
AT&T CEO John Stankey said he is ‘sad and disappointed’ it didn’t work out…On Monday, AT&T announced that it was spinning off all of the WarnerMedia assets it acquired in the deal…Now, AT&T is worth $39billion less than it was in 2016 – when it announced the Time Warner bid – and $65billion less than it did in 2019 – after the deal was done…
East Coast Fuel Supplies Could Take Two WEEKS to Return to Normal Say Experts: Pipeline Begins Slow Restart After Hack…
Colonial Pipeline has begun a system restart that will take several days to restore normal operations…Key fuel pipeline was taken offline last week by ransomware attack from Russia-linked hackers…On Thursday morning, half of all gas stations in DC, Florida, Georgia, Virginia and South Carolina were dry…
Data Shows Massive Inflation Starting to Bite Middle-Class Hard, Unleaded Regular Gasoline Up 52 Percent, Fresh Fruits and Vegetables Rising Fast…
As expected the high-turn consumable goods are starting to rise in price rapidly. The Bureau of Labor and Statistics (BLS) has released the consumer price analysis from April (remember there’s a big lag)…
Big-Tech Bloodbath Continues After Biggest Sell-Program in History…
After yesterday’s ugliness in big-tech and small-caps, many hoped for a bounce today. But the combination of ARKK gamma and CTA deleveraging meant the pain was not over and both Nasdaq and Russell 2000 plunged into the cash market open (after getting hit as the Asia open and European open)…
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