The Federal Reserve’s preferred inflation gauge measured above expectations in March as the U.S. continues to see a surge in prices, among other concerning economic data, according to data from the Bureau of Economic Analysis (BEA) released Friday. The personal consumption expenditure (PCE) price index…
Read More Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy
California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed its income. The state’s government owes almost $21 billion to the federal government at an interest rate of…
Read More California Is Taking On Huge Debts To Pay Jobless Workers As Its Deficit Gets Bigger
A current Boeing employee warned Republican Missouri Sen. Josh Hawley that the company’s planes have increased risk factors due to poor company safety standards at a hearing on Wednesday of the Senate Committee on Homeland Security and Government Affairs. Boeing quality engineer Sam Salehpour, in…
Read More Missouri Sen. Josh Hawley Asks Boeing Quality Engineer If Company’s Planes Are ‘Safe’
The Equal Employment Opportunity Commission (EEOC) issued its final rule on Monday to enforce the Pregnant Workers Fairness Act (PWFA), giving new protections for women seeking abortions. The EEOC rule dictates that abortions are to be included under the definition of “pregnancy, childbirth or related medical considerations,”…
Read More Biden’s EEOC Rolls Out Final Rule Requiring Employers To Give Time Off For Abortions
The Biden administration has dropped hints that it could send taxpayer funds to another stalling high-speed rail project, this time in Texas, that has faced years of delays due to a lack of private investor interest, legal fights with landowners and an executive exodus. President…
Read More Biden Admin Signals Support For Embattled Texas High-Speed Rail Project. Critics Say It’s A ‘Boondoggle’
The net interest on the federal debt exceeded defense spending in the first half of fiscal year 2024 as government spending piles up and interest rates remain high, according to a report from the Congressional Budget Office (CBO). Net interest on the U.S. government’s public…
Read More We’re Now Spending More On Debt Interest Than Defense, Report Finds
Democratic Boston Mayor Michelle Wu proposed legislation in late March that would let the city hike taxes on its already struggling commercial real estate sector. The proposal is meant to combat falling revenue from commercial real estate due to a drop in property values as…
Read More Boston Mayor Has A Gift For City’s Crumbling Commercial Real Estate Sector — More Taxes
Jamie Dimon, long-time CEO of JPMorgan Chase, criticized the Biden administration’s pause on new liquified natural gas (LNG) projects and gave a key warning about the future of the economy in a letter released Monday as a part of the company’s annual report. Dimon emphasized…
Read More JPMorgan CEO Slams Biden’s Natural Gas Pause, Issues Warning About Economy
The Biden administration has put in place regulations that would require many Americans to adopt electric vehicles (EV) in the coming years despite U.S. companies struggling to produce the products, leading some experts to wonder if vehicles from China will be needed to meet current…
Read More Biden’s Electric Vehicle ‘Mandate’ Might Just Be A Surprise Gift To China
According to data from the Bureau of Labor Statistics (BLS) released Friday, the number of Americans working part-time jobs surged in March, while full-time jobs declined slightly. There were 28,632,000 people with part-time jobs in March, 691,000 more than in February, when there were 27,941,000, according to…
Read More Part-Time Employment Surges For Another Month While Full-Time Falters