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Business/Economy (News/Activism)

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  • ECONOMYRanked: U.S. States Most Dependent on the Federal Government

    07/01/2025 6:07:10 PM PDT · by thegagline · 12 replies
    Visual Capitalist ^ | 06/22/2025 | Pallavi Rao
    How reliant is your state on Uncle Sam’s wallet? Every year, billions in federal tax dollars are redistributed to the 50 states and the District of Columbia through grants, contracts, and benefit programs. *** Their dependency score blends two metrics: the state’s return‐on‐taxes ratio and the share of state revenues coming from federal sources. Importantly, this data does not include Medicaid payments.Finally, a state’s political affiliation is based on its voting history in the past five presidential elections. New Mexico tops the 2024 list for states most dependent on the federal government, with a perfect score of 100. Its residents...
  • Home Prices Rise Near Wildfire Zones Despite Disaster Risk

    07/01/2025 3:17:48 PM PDT · by Angelino97 · 6 replies
    Santa Monica Daily Press ^ | June 30, 2025 | Maaz
    Home prices in areas surrounding Los Angeles' devastating early 2025 wildfires have defied expectations, rising 4% year-over-year in the immediate aftermath of the disasters, according to a new analysis by PropertyShark. The counterintuitive market behavior suggests that proximity to burn zones has not deterred buyers from high-demand neighborhoods, with some areas seeing dramatic price increases even as memories of the fires remain fresh. Properties within three miles of the nine largest fires reached a median sale price of $1.33 million between February and April, well above Los Angeles County's $900,000 median. The 4% price growth near fire perimeters also slightly...
  • X: DOJ to Prosecute CNN for Promoting ICEBlock App Assisting Illegals Avoid Law Enforcement

    07/01/2025 10:08:34 AM PDT · by TigerClaws · 31 replies
    JUST IN - U.S. Homeland Security and Justice Department seek to prosecute CNN for promoting ICEBlock app, says DHS Secretary Noem.
  • Powell confirms that the Fed would have cut by now were it not for tariffs

    07/01/2025 11:57:59 AM PDT · by CFW · 75 replies
    CNBC ^ | 7/1/25 | Alex Harring
    Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have eased monetary policy by now if not for President Donald Trump’s tariff plan. When asked during a panel if the Fed would have lowered rates again this year had Trump not announced his controversial plan to impose higher levies on imported goods earlier this year, Powell said, “I think that’s right.” “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at...
  • The One Big Beautiful Bill Passes the Senate: What Comes Next

    07/01/2025 10:19:04 AM PDT · by CFW · 61 replies
    redstate ^ | 7/1/25 | Joe Cunningham
    The Senate has done it—barely. After a marathon vote-a-rama session that stretched into the early morning hours, Republicans squeaked through their version of Trump's One Big Beautiful Bill by the thinnest possible margin: 51-50, with Vice President JD Vance casting the deciding vote. Three Republicans—Susan Collins of Maine, Thom Tillis of North Carolina, and Rand Paul of Kentucky—broke ranks and voted against their own party's signature legislation. That's not unity. That's a warning shot about what comes next. But here's what Washington doesn't want you to understand: this razor-thin victory is where the real fight begins. The Constitutional Reality Check...
  • Municipal workers on strike: Changes to trash pick up, pool openings and more (filthydelphia,Pennsylvania)

    07/01/2025 10:14:37 AM PDT · by dynachrome · 12 replies
    nbc10 ^ | 7-1-25 | NBC10 Staff
    With more than 9,000 city workers now on strike after AFSCME District Council 33 was not able to reach a deal with Philadelphia ahead of the July 1 deadline, a number of municipal services will be impacted. Here's a look at how city residents could see the fallout from the strike on their blocks. Garbage collection One of the immediate impacts of the strike is on trash collection. Philadelphia Mayor Cherelle Parker explained that trash pickup at the curb will not happen effective Tuesday, July 1, 2025, during the strike. snip Officers with the Philadelphia Police Department have been trained...
  • The Trump Train MAGA Patriots

    07/01/2025 10:08:18 AM PDT · by DollyCali · 56 replies
    Deplorables ^ | DollyCali
    The Trump Train MAGA Patriots welcome you !!! ~FRiends began the journey down the tracks in 2015~ ~ Facts~Fun~Friendship~ ~The Golden Age has begun~ ~The best is yet to come~~God wins in end ~ Join the conversation Trump vs Swamp Information and insight Your joys and difficulties Pets ~Gardening ~Culinary Pop Culture~Human Interest Historical stories and favorite Trivia MAGA ~~MAHA ~~MAWAC M - A - G - A
  • George W. Bush Joins Obama in Rebuke of Trump

    07/01/2025 1:10:37 AM PDT · by MinorityRepublican · 165 replies
    Newsweek ^ | Jun 30, 2025 | Jenna Sundel and Gabe Whisnant
    Former Presidents George W. Bush and Barack Obama publicly condemned the Trump administration's dismantling of the U.S. Agency for International Development (USAID), joining legendary singer Bono in an emotional farewell via videoconference to the shuttered aid service. Obama, a Democrat, called the decision "a colossal mistake," while the Republican Bush denounced the cuts to his signature HIV/AIDS relief program, asking, "Is it in our national interests that 25 million people who would have died now live? I think it is, and so do you." Bono, appearing as a surprise guest, fought back tears as he honored the agency's workers, calling...
  • 'Terrible setback': Indigenous tourism industry says it's suffering as U.S. bookings decline

    07/01/2025 7:47:33 AM PDT · by jerod · 27 replies
    CBC News ^ | July 01, 2025 | Yasmine Ghania, Lauren Vanderdeen
    Almost 70% of Indigenous tourism businesses in Canada are reporting a drop in U.S. bookings: survey Indigenous tourism operators in Canada say they're worried about their future as the number of American guests plummets amid political tensions between Canada and the U.S. Indigenous tourism has been booming in Canada in recent years as people look for unique travel experiences and seek to learn more about Indigenous culture. According to the Conference Board of Canada's latest report, the Indigenous tourism sector generated an estimated $3.7 billion in revenues in 2023, directly contributing $1.6 billion to Canada's gross domestic product. The industry...
  • Victor Davis Hanson: Canada and Mexico Want U.S. Billions—But Also a Fight

    07/01/2025 6:08:10 AM PDT · by texas booster · 26 replies
    The Daily Signal YT Channel ^ | June 30 2025 | victor davis hanson
    Last night, Canada rescinded its digital services tax, a 3% levy on all goods and services produced by both domestic and foreign tech companies, like Amazon and Google, following threats from President Donald Trump that the United States would “terminate ALL discussions on Trade with Canada,” according to CNBC. With the U.S.' northern neighbor at bay, for now, Americans should turn their attention to the south, where Mexican President Claudia Sheinbaum continues to criticize proposed remittance taxes while defending illegal immigration and even weighing in on U.S. civil unrest. Why the hostility?
  • Tariff revenue collected in June is $27 billion.

    07/01/2025 5:48:57 AM PDT · by Red Badger · 30 replies
    Truth Social ^ | July 01, 2025 | Donald J. Trump
    Back Truth Details 1301 replies Avatar Donald J. Trump @realDonaldTrump “U.S. TARIFF REVENUE” $27 BILLION........................... VIDEO AT LINK....................
  • Newsom Claims Trump Will Supercharge Electricity Prices As His Own Ratepayers Get Crushed

    07/01/2025 5:10:16 AM PDT · by george76 · 30 replies
    Daily Caller News Foundation. ^ | June 30, 2025 | Audrey Streb
    Democrat California Gov. Gavin Newsom claimed the “one big, beautiful bill” will spike electricity costs on Sunday, seemingly ignoring the fact that ratepayers in state are drowning under some of the most exorbitant utility bills in the U.S. Newsom took to X and listed several grievances he has with the GOP reconciliation bill, including concerns that its passage would lead to rising electricity costs because it would limit subsidies for green energy. California has some of the highest energy prices in the U.S., and they are projected to keep climbing, according to multiple reports and energy sector experts. “Electricity costs...
  • The Decline And Fall Of Our So-Called Degreed Experts

    06/30/2025 10:08:42 PM PDT · by SeekAndFind · 18 replies
    American Greatness ^ | 06/30/2025 | Victor Davis Hanson
    <p>The first six months of the Trump administration have not been kind to the experts and the degree-holding classes.</p><p>Almost daily during the tariff hysterias of March, we were told by university economists and most of the PhDs employed in investment and finance that the U.S. was headed toward a downward, if not recessionary, spiral.</p>
  • Republican Senate Tax Bill Would Add $3.3 Trillion to the US Debt Load, CBO Says

    06/30/2025 7:27:14 PM PDT · by thegagline · 67 replies
    NewsMaxMoney ^ | 06/29/2025 | Staff
    The changes made to President Donald Trump's big tax bill in the Senate would pile trillions onto the nation's debt load while resulting in even steeper losses in health care coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to muscle the bill to passage. The CBO estimates the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1 trillion increase over the House-passed bill, which CBO has projected would add $2.4 to the debt over a decade.The analysis also found that...
  • Summer gas prices hit lowest level in 4 years despite Middle East tensions

    06/30/2025 6:02:52 PM PDT · by george76 · 40 replies
    FOX Business ^ | June 27, 2025 | Daniella Genovese
    ational average price for a gallon of regular gasoline is $3.20 on Friday.. Gas prices are sitting at a four-year low ... The national average price for a gallon of regular gasoline was $3.20 on Friday .... Phil Flynn, energy market analyst and FOX Business contributor, credited the neutralization of Iran’s nuclear program for removing a significant amount of geopolitical risk from oil prices, noting that this "has shown up in the gas prices." Flynn also stated that the administration has created a more production-friendly environment, with Trump signaling to the market a shift toward more favorable regulations. He pointed...
  • S&P 500 rises to another record close to wrap up second-quarter comeback: Live updates

    06/30/2025 1:21:20 PM PDT · by Tell It Right · 7 replies
    CNBC ^ | 6/30/2025 | Sean Conlon, Pia Singh
    Stocks rose on Monday as traders closed out a stunning month with even more record highs. Monday marked the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 rose nearly 5% in the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow added about 4% in June.
  • Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp

    06/30/2025 12:45:35 PM PDT · by JayGalt · 44 replies
    NY Post ^ | June 30, 2025, 6:00 a.m. ET | James Franey
    Federal Reserve Chair Jerome Powell is being accused of lying to Congress after he denied that a $2.5 billion revamp of the central bank’s Washington headquarters will load the facility with lavish amenities — and some are demanding that he be punished, The Post has learned. Powell called The Post’s exclusive report in April about the bloated renovation project — which led Sen. Tim Scott (R-SC) to liken it to the “Palace of Versailles” during a grilling by the Senate Banking Committee last week — “misleading and inaccurate.” “There’s no VIP dining room, there’s no new marble. There are no...
  • Threat of More Tariffs Hangs Over Countries Negotiating Trade Deals

    06/30/2025 11:58:05 AM PDT · by E. Pluribus Unum · 6 replies
    The New York Times ^ | June 30, 2025, 12:15 p.m. ET | Ana Swanson
    As America’s largest trading partners race toward deals, they are increasingly worried about being hit with future tariffs on their critical industries.Governments around the globe are racing to negotiate trade deals with the United States in order to forestall President Trump’s punishing tariffs, which could kick in on July 9. But the discussions have been slowed because Mr. Trump has threatened to impose more tariffs even if those deals are in place. Mr. Trump announced what he refers to as “reciprocal tariffs” on April 8, which he said were in response to other countries' unfair trading practices. But he agreed...
  • DOJ Charges 324 in Largest Healthcare Fraud Takedown in U.S. History — $14.6 BILLION Scheme Involved 96 Doctors, Nurses, and Pharmacists Targeting Medicare and Medicaid

    06/30/2025 11:43:19 AM PDT · by Red Badger · 50 replies
    Gateway Pundit ^ | June 30, 2025 | Jim Hᴏft
    The Department of Justice on Monday unveiled a record-shattering crackdown on the corrupt underbelly of America’s health care system. A jaw-dropping 324 defendants — including 96 medical professionals — have been charged in 50 federal districts and 12 states for orchestrating over $14.6 billion in intended fraud, largely targeting Medicare, Medicaid, and federal health programs meant to serve the elderly, disabled, and the poor. The takedown, spearheaded by the DOJ’s Health Care Fraud Unit in coordination with HHS-OIG, the FBI, the DEA, and over a dozen state attorney general offices, marks the largest health care fraud bust in U.S. history....
  • Felt Carsick In An EV? Scientists Say You’re Not Imagining It And They Know Why

    06/30/2025 11:08:07 AM PDT · by TexasKamaAina · 23 replies
    CARSCOOPS ^ | 06/28/2025 | Chris Chilton
    “Greater sickness in EVs can be attributed to a lack of previous experience, as both a driver and as a passenger, where the brain lacks accuracy in estimating the motion forces because it relies on previous experience in other types of cars,” William Emond, a PhD student researching car sickness told The Guardian. “When discovering a new motion environment, the brain needs to habituate because there is no knowledge of previous experience in such a context. This is, for example, why almost everyone becomes sick in zero-gravity environments,” he explained.