The average weekly unemployment benefit is now $638 – $300 more than what it was 2019…That means people are earning around $16-an-hour – more than double minimum wage which is at least $7.25 across America…It is creating a nightmare scenario for the economy; businesses are desperate to recover from the pandemic but they can’t fill their jobs…
DC District Judge Rules Nationwide Moratorium on Evictions Beyond Authority of CDC…
U.S. District Judge Dabney Friedrich has ruled the CDC has exceeded its authority with the federal ban on evictions during the COVID response…
Hundreds of Companies That Got PPP Loans Have Gone Bankrupt…
The total number of companies that failed despite getting PPP loans is likely far higher. The Journal only analyzed the big borrowers from the program, which accounted for about half of the overall loans though only about 13.5% of the total participants…
Lockdown Britain Steps Closer Towards Totalitarianism…
Today Britain’s MPs failed the most important test of their political careers….
200 Days: The World’s Longest Lockdown Has Failed to Stop COVID-19…
“Quaranternity” was only supposed to last two weeks…
Extraordinary Moment Pregnant Mum Is Arrested and Handcuffed in Front of Her Two Children over a Facebook Post About Lockdown…
Zoe Buhler, 28, was handcuffed in her lounge room in front of her children. She had created a Facebook event organising a protest in Ballarat, Victoria…
Almost 46 Million Americans Have Now Filed for Unemployment Claims Since Lockdowns Began…
Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production), in the last week 1.508million more Americans filed for unemployment benefits for the first time (notably worse than the 1.29mm expected). That brings the thirteen-week total to 45.7million, dramatically more than at any period […]
House GOPers Say Pelosi Has No Plan to Bring House Back Safely as Rest of U.S. Returns to Work…
Speaker of the House Nancy Pelosi (D-Calif.) has no plan to bring the lower chamber of Congress back to work in the nation’s capital until 2021, according to Republicans on the committee that administers the House of Representatives. “As an overwhelming majority of the country, including Washington, D.C., has moved into phased physical re-openings, the […]
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 […]
Big Bankruptcies Sweep the U.S. in Fastest Pace Since May 2009…
In the first few weeks of the pandemic, it was just a trickle: companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed. But the financial distress wrought by the shutdowns only deepened, producing what is now a wave of insolvencies washing through America’s corporations. In May […]