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Finance

Latest News

Tom_Donahue_Richard_Trumka

September 3, 2020 at 2:02 pm

The Hidden Alliance Has Merged – U.S. Chamber of Commerce Merge Policy With Big Labor Unions to Support $15/Hr Minimum Wage…

Now that Wall Street’s U.S. Chamber of Commerce has dropped their mask, we see decepticon Tom Donohue align with corrupt labor union leader Richard Trumka…

U.S._Capitol

September 2, 2020 at 7:04 pm

U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since World War II…

U.S. government debt is on track to exceed the size of the economy for the 12 months ended Sept. 30, a milestone not hit since World War II that has been brought into reach by a giant fiscal response to the coronavirus pandemic…

Wall_Street_Mega_Banks

August 31, 2020 at 1:38 pm

This Year’s Economic Destruction Due to the State’s Coronavirus Response Will Pale in Comparison to What Is Coming!…

Concerning economics in the United States today, the hierarchy begins with the top tier of self-proclaimed elites, those in central and high level banking, those in the large corporate world, those at the top of the ‘healthcare’ pyramid, and those controlling monetary and economic policy above the level of government, including the class running the large tax exempt foundations…

Tom_Donahue_Chamber_of_Commerce

August 28, 2020 at 7:46 pm

The Bloom is Off The Ruse – Tom Donohue and U.S. Chamber of Commerce Announce Support for Far-Left Democrats in 2020…

A fifteen year argument is finally over…. We win. Most CTH readers probably don’t even remember the reason for the name: “The Last Refuge” upon this little corner of the internet…

house

August 27, 2020 at 9:31 pm

U.S. New Home Sales Beat Expectations in July…

Sales of new US single-family homes increased to their highest level in more than 13-1/2 years in July as the housing market continues to show strong immunity to the COVID-19 pandemic…

Indian_Workers_Technology_Manish_Swarup_AP

August 25, 2020 at 4:55 pm

By a Unanimous House Vote, Fast-Track Outsourcing American Jobs Bill Heads to the Senate…

No GOP or Democrat members of the House voted against a rushed bill, approved August 22, that would help Fortune 500 companies quickly outsource jobs to foreign workers instead of Americans…

Builders_Construction_Permits_PeoplesPunditDaily

August 20, 2020 at 7:31 pm

Building Permits, Housing Starts Skyrocket in July, Crushing Forecasts…

New residential construction rebounds strongly, further indicates V-shaped recovery…

Rent_Moratorium_Eviction_GettyImages_Valerie_Macon

August 20, 2020 at 5:54 pm

California Court System Lifts Eviction Moratorium After Lawsuit…

Under legal pressure, the rule-making arm of California’s court system, the largest in the United States, has rescinded its pandemic-related emergency order that blocked the state’s courts from hearing eviction proceedings…

irs

August 19, 2020 at 7:13 pm

IRS Reopens Window for People to Claim Missing $500 Stimulus Payments…

People have until the end of September to provide information about qualifying dependents…

US_Gross_National_Debt_2011_2020

August 19, 2020 at 6:53 pm

What Difference Does It Make…

I’ve lately found myself saying “what difference does it make” regarding the outrages being inflicted upon myself and my fellow citizens on a daily basis…

Moving_Boxes

August 19, 2020 at 6:26 pm

A Mass Exodus Away from Big Cities on Both Coasts…

In all of U.S. history, we have never seen anything like “the mass exodus of 2020”. Hundreds of thousands of people are leaving the major cities on both coasts in search of a better life…

NY_Stock_Exchange

August 18, 2020 at 6:43 pm

S&P 500 Rises to a Record Close, Fully Wiping Out Its Wuhan Virus Losses…

The S&P 500 rose to an all-time high on Tuesday, capping off its incredible recovery from the coronavirus-induced sell-off that knocked it off its previous record back in February…

Legal_Immigration_technology_workers

August 17, 2020 at 5:28 pm

Justice Department Settles Claim Against California-Based Staffing Company for Favoring Temporary Visa Workers Over U.S. Workers…

…This is the tenth settlement under the Civil Rights Division’s Protecting U.S. Workers Initiative, which is aimed at targeting, investigating, and taking enforcement actions against companies that discriminate against U.S. workers in favor of temporary foreign visa workers…

Grocery_store_Reuters

August 14, 2020 at 9:09 pm

U.S. Second-Quarter Productivity Rises At Its Fastest Pace in 11 Years…

U.S. worker productivity increased at its fastest pace in 11 years in the second quarter as hours plunged amid the COVID-19 pandemic, leading to an acceleration in labor costs…

Unemployment_claims_august_8

August 14, 2020 at 9:02 pm

New Unemployment Claims Drop Below 1 Million for First Time Since March…

First-time jobless claims totaled 963,000 last week versus the Wall Street estimate of 1.1 million.

Nordstrom

August 14, 2020 at 8:42 pm

Bankruptcies and Unpaid Rents Cost Mall Landlords Hundreds of Millions in Q2…

Mall operators have put numbers to the stresses of COVID-19 on the second quarter, with the ensuing mass closures, negotiations over rent and accelerating retail bankruptcies…

Businesses_Close_Coronavirus

August 14, 2020 at 7:00 pm

U.S. Bankruptcies Are Already a10-Year High As Pandemic Takes Its Toll…

Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus…

Social_Security_Medicare_US_Treasury_AP_Bradley_C_Bower

August 12, 2020 at 7:01 pm

Feds Paid Social Security to Woman Who Died in 1971 — Almost $460k Checks…

Nephew charged with cashing funds issued to dead woman…

mcconnell_mitch_102417_greg_nash

August 12, 2020 at 6:03 pm

McConnell: Dems Won’t Allow ‘a Penny’ in Stimulus ‘Unless Texas and Florida Bail Out New Jersey’…

Senate Majority Leader Mitch McConnell argued on Monday that Democratic leaders view the coronavirus pandemic as a political “opportunity” to “bail out” states such as New Jersey, adding that Republicans are willing to support another coronavirus stimulus plan that includes funding for other areas.

McConnell said the Senate GOP’s coronavirus relief package “focused on kids, jobs, healthcare, and legal protections to help our country reopen,” as well as another round of direct stimulus payments.

“I’d hoped the Senate would be spending this week turning a major agreement into law, but sadly for the country, sadly for struggling Americans, the Speaker of the House of Representatives and the Senate Democratic leader decided we would not deliver any of that,” McConnell said during a speech on the Senate floor.

“They stayed true to their comments from very early on in the pandemic,” he added. “This is the way they looked at it. They saw this pandemic as, quote, ‘a tremendous opportunity to restructure things to fit our vision.’ That was the House Democratic Whip. Speaker Pelosi herself put it this way: ‘This is an opportunity. Every crisis is.’ Working families call this pandemic a crisis. They call it a nightmare, but leading Democrats call it an opportunity.”

McConnell described the $1 trillion state and local funding that House Democrats passed in the HEROES Act as one of the major disagreements in the stimulus negotiations with the White House…

Restaurant_Newscom_KNSY_Westend61

August 12, 2020 at 1:43 pm

Americans Are Growing Less Willing to Beg for Permission to Make a Living…

Officials claim doing business is a revocable “privilege,” but many Americans see it as a right that they’ll exercise with or without licenses and permits…

Related

  • Council Revokes Business License of New Jersey Gym That Defied Wuhan Virus Order…

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