As if they didn’t have enough problems with stock drops, accusations of political purging and lawsuits from fired employees, the tech giants who rule the Internet with an iron fist now face a new tax to help fight fake news.
State employee pensions, negotiated by greedy public employee unions and rubber-stamped by short-sighted politicians have left several states teetering on the edge of financial insolvency and there is no solution in sight.
President Trump’s celebrated huge second-quarter GDP gains, and on cue, the naysayers came out of the woodwork, explaining why the second quarter’s numbers were so strong.
Home sales in Southern California fell in June, dropping 11.8 percent since June 2017. “People can’t afford homes anymore,” said a real estate agent in Pasadena.
In less than an hour on Wednesday, Facebook tycoon Mark Zuckerberg lost $16.8 billion. But the real loser isn’t Zuckerberg: It’s the investors in Facebook, who watched the stock drop 20 percent.
More...
Presidents are expected to keep quiet about whatever the Federal Reserve does. But Donald Trump has become famous for upending supposedly sacrosanct protocols.
Thanks to increasing production in the Permian Basin in West Texas, Texas is set to pass Iraq and Iran to become the world’s third-largest producer of oil by next year.
Food Stamp Use Way Down
Written by R. Cort Kirkwood
The number of Americans on food stamps has dropped significantly, according to Bloomberg News.
The United States has entered a new Gilded Age. Funny thing is, most of the “gilded few” in the top one percent live in blue states that cast their electoral votes for Hillary Clinton.
Time for a UBI?
Written by R. Cort Kirkwood
Chicago is about to test an idea whose time, depending on who you talk to, might or might not have come: universal basic income.
Trump the negotiator most likely welcomes Chinese difficulties as leverage to get a fairer trade deal for the United States.