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The Best in Alternative News

Mnuchin Confirms GOP Stimulus Plan to Include $1,200 Stimulus Checks…

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A forthcoming Senate Republican stimulus proposal will mirror CARES Act that included a one-time $1,200 economic impact payment to some Americans, said a top White House official on Thursday. Treasury Secretary Steven Mnuchin was asked about the nature of the payments, saying it would be the same as the bill passed in March. “We’re talking […]

Tracking PPP Loans…

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As part of the Paycheck Protection Program, the federal government provided up to $659 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search the loans approved by lenders and disclosed by the Small Business Administration (SBA)…

Failed State Walking…

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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 […]

Yuan, Futures Slide After Trump Orders Retirement Fund Investment in Chinese Stocks Blocked…

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Having threatened last week that “COVID reparation” would be paid one way or another – and following Peter Navarro’s comments echoing the same rhetoric this morning – FOX Business reports that President Trump is moving ahead with his plans to block a government retirement fund from investing in Chinese equities considered a national security risk. […]

Yowza!: Deficit Soared to Record-Smashing $738B in April…

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The Treasury Department on Tuesday said that the federal government ran a historic $738 billion deficit in April. The shortfall, which reflects the effects of the coronavirus pandemic, is about 3 times as large as the second-largest monthly deficit on record. It is larger than the federal deficit for all of fiscal year 2017, which […]

Wall Street’s Financial Crisis Preceded Wuhan Virus: Chart and Timeline…

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If a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic. If Americans were asked in the same poll when the financial crisis on Wall Street started, they would tie it to outbreaks of the virus in the U.S. this year. […]

The New York Fed Is Exercising Powers Never Bestowed on It by Any Law…

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Earlier this month President Trump advanced the view that during a national emergency the President has “total power.” The real power, however, is being exercised by the Federal Reserve Bank of New York (New York Fed) with not so much as one vote by any elected representatives of the citizens of the U.S. The speed […]

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