The Trump administration is preparing a $1 trillion infrastructure package to boost the nation’s economy following months of lockdowns and business closures during the coronavirus pandemic, according to a report on Monday. The Department of Transportation is taking the lead on the project that would funnel money for roads and bridges, but would allocate funds […]
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Key Congressman Seeks Probe Into Why 80% of U.S. Foreign Investor Visas Going to China…
House Judiciary Committee Ranking Member Jim Jordan (R-Ohio) and Rep. Guy Reschenthaler (R-Pa.) have asked the an investigative arm of Congress to investigate China’s involvement in America’s EB-5 Immigrant Investor Visa Program. In a letter Monday to the Comptroller General of the U.S. Government Accountability Office, the lawmakers said the program was meant to encourage […]
Former Bumble Bee Tuna CEO Is on the Hook for Years in Prison Due to Fishy Price-Rigging Scheme…
The former CEO of Bumble Bee Foods on Tuesday was sentenced to more than three years in federal prison for his role in a price-rigging conspiracy scandal that eventually caused the widely known canned tuna company to file for bankruptcy last year. U.S. District Court Judge Edward M. Chen sentenced Christopher Lischewski to 40 months […]
May Retail Sales Surge Most on Record as US Returns to Work After Coronavirus Shutdowns…
U.S. retail sales surged the most on record last month, the Commerce Department said Tuesday, as millions of Americans returned to work following weeks of coronavirus-triggered lockdowns that shuttered the world’s largest economy. Retail sales rose 17.7% in May, the Commerce Department said, well ahead of the 8% forecast and well ahead of the downwardly-revised […]
Bannon: 2020 Election Is All About China…
When Bannon joined the Trump Campaign as CEO in August of 2016, then-candidate Trump trailed Clinton anywhere from eight to fourteen points. Bannon believes Trump’s stunning, come-from-behind 2016 presidential victory represents the rejection of Wall Street corporatists and K Street globalists who for decades off-shored American jobs to China and facilitated the managed decline of […]
President Trump Favors $2 TRILLION Fourth Round Stimulus ‘Focused on Bringing Home Manufacturing Base’ from China…
Speaking with Fox News host Maria Bartiromo, Navarro described the “buy American, hire American, make it in the USA” initiatives that the White House would include in the next round of coronavirus stimulus spending. He signaled support for a two trillion, manufacturing-focused program: “There’s talk about a three trillion program by Nancy Pelosi, [and] you […]
Biden Promised He’d ‘Make Good’ on U.S. Paying China Despite China Owing U.S. 1.6 TRILLION…
The forum, held on August 21 at Sichuan University in Chengdu, China, occurred amid hysteria surrounding the United States’ financial downturn and surging deficit exacerbated by the Obama Administration’s policies. Just weeks before, America’s credit rating was downgraded for the first time in history by Standard & Poor’s. Questioned by a medical student in attendance […]
Failed State Walking…
I love America. It’s the land of my birth, my education (Go Beav’s), my children’s births, and where I live and will eventually die. I did spend about five years living in Europe and Asia and loved it…but my home is and will be the vast expanse of the Western US. So, when I’m critical […]
Secret Service Stopped $1B in Fraudulent Claims for Wuhan Virus Aid…
The Secret Service has identified and thwarted approximately $1 billion worth of fraudulent claims seeking federal aid amid the coronavirus pandemic, a senior government official told lawmakers. Michael D’Ambrosio, assistant director of the Secret Service’s Office of Investigations, testified before the Senate Judiciary Committee Tuesday that the agency has initiated more than 100 criminal investigations […]
Fed Expects Interest Rates to Remain Zero Through 2022, GDP to Rebound by 5% Next Year…
The Federal Reserve on Wednesday projected that interest rates will remain near zero through 2022 and pledged to continue supporting a U.S. economy devastated by the coronavirus pandemic and the related lockdowns. The Federal Open Market Committee, in a unanimous statement, reiterated previous guidance that the benchmark federal fund rate will stay at a range […]
Manufacturing Company in Minneapolis Since 1987 Leaving City After Violent Protests…
A Minneapolis manufacturing company, whose plant burned amid civil unrest following George Floyd’s death, is leaving the city after nearly four decades and taking dozens of jobs with it. The president and owner of 7-Sigma Inc. Kris Wyrobek felt inclined to do so after he says he lost trust in public officials during the riots […]
House Republicans Propose Offering Americans a ‘Return to Work Bonus’…
House Republicans are proposing a $1,200 bonus for Americans returning to work as the coronavirus pandemic slows, providing an alternative to Democrats’ plan to extend the extra $600 a week in unemployment benefits included in virus-related stimulus legislation. Republicans on the Democrat-controlled House Ways and Means Committee cited an analysis from CBO to support their […]
S&P Erases 2020 Losses As Stocks Soar…
The S&P 500 on Monday erased its losses for the year, surpassing its closing level for 2019 as investors bet on a robust economic recovery from the coronavirus pandemic. The S&P 500 closed up 38.5 points, or 1.2 percent, at 3,232. That was 17 points higher than its close on New Year’s Eve. The Dow […]
Bayer Reaches Verbal Deal to Settle Up to 85,000 Roundup Cancer Lawsuits…
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations, Fortune reported Monday. The deals, which have yet to be signed and cover an estimated 50,000 to 85,000 suits, are part of a $10 […]
Former UAW President Admits Guilt in Massive Embezzlement, Racketeering and Tax Evasion Scheme…
Former United Auto Workers (UAW) President Gary Jones confessed to conspiring with other top officials of the storied labor organization to embezzle more than $1 million in member dues in an attempt to further racketeering and tax evasion activities, according to the U.S. Department of Justice (DOJ). Jones, 63, “pled guilty to one count of […]
JUMPIN’ JU-JU BONES, IT’S RAINING WINNAMINS!…
Jumpin’ ju-ju bones, it’s raining winnamins ! ~ Analysts and economists were predicting May jobs report would show losses of around 7 to 8 million jobs in May. That’s what everyone suspected, and why they were stunned this morning to find out the U.S. economy actually added, yes ADDED, 2.5 million jobs. The Bureau of […]
U.S. Appeals Court Bans Dicamba in Massive Shock for Bayer…
“Today’s decision is a massive win for farmers and the environment,” said George Kimbrell of the Center for Food Safety, lead counsel in the case. “It is good to be reminded that corporations like Monsanto and the Trump Administration cannot escape the rule of law, particularly at a time of crisis like this. Their day […]
Related
Looters Grab $2.4 Million Worth of Watches from Soho Rolex Store…
The looters of a New York City Rolex store did not get justice, but they did get a high price timepiece on Monday night. Looters grabbed $2.4 million worth of watches after breaking into a Rolex store in New York’s Soho neighborhood, according to a New York Post report citing police sources. A video shows […]
Bank Groups Ask for Automatic Forgiveness for Small Business Pandemic Relief Loans Under $150k…
Two major bank trade groups, the Consumer Bankers Association and the Bank Policy Institute, said Tuesday that Congress should grant automatic forgiveness for all pandemic relief small business loans less than $150,000. “These small businesses and their employees are the backbone of our nation’s economy and communities. Their time and resources would be better focused […]
Former Chinese Official Extradited to the United States to Face Charges of Laundering Millions of Dollars of Stolen Money…
A former Chinese official who was a fugitive for over five years has been extradited from Sweden to Los Angeles to face federal charges that allege he laundered millions of dollars of stolen money, using some of the funds to purchase two properties in a suburban Los Angeles-area community. Jianjun Qiao (喬建軍), 56, arrived at […]
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