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Business/Economy (News/Activism)

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  • Media: Gen Z is Doomed

    05/21/2024 1:44:36 PM PDT · by Heartlander · 66 replies
    Brownstone Institute ^ | May 21, 2024 | Peter St Onge
    Media: Gen Z is DoomedYears after the fact, the mainstream media is discovering that Gen Z is doomed. As CNN puts it, Gen Z is “earning less, has more debt, and higher delinquency rates than Millennials did at their age.”In short, the pandemic did a number on Gen Z, followed by a wallop from Bidenflation, lagging wages, and now a looming recession.How are they surviving? Debt. A new study from Transunion finds that, since 2013, average debt balances for those aged 22 to 24 has risen by 40%, including a 14% rise in auto loans and a 26% rise in...
  • Some background on the Trump persecution

    05/21/2024 1:21:50 PM PDT · by MtnClimber · 12 replies
    Vanity with multiple links | 21 May, 2024 | DJT, MC, others
    Some background on the Deep State vendetta to stop or kill Trump: BREAKING: Newly Unsealed Doc Reveals Biden FBI Authorized the Use of Deadly Force During Mar-a-Lago Raid – Armed Agents Prepared to Confront Trump ----------- Another note: This raid was probably done to try to retrieve the missing binder on “Crossfire Hurricane”, the plot to destroy Trump over the Russia collusion hoax. I hope Trump still has it and that it is digitized and placed in multiple places where it will be mass distributed over the internet if he is not able to do a routine delay. A dead...
  • Trump Motions To Dismiss Classified Docs Case Based On ‘Unconstitutional’ Mar-A-Lago Raid, ‘Prosecutorial Misconduct’

    05/21/2024 1:11:22 PM PDT · by Red Badger · 16 replies
    Daily Caller ^ | May 21, 2024 3:18 PM ET | KATELYNN RICHARDSON
    Former President Donald Trump’s attorneys alleged in filings docketed Tuesday that prosecutors in the classified documents case violated his constitutional rights on several occasions. Trump’s attorneys filed multiple motions to dismiss his classified documents case, including one for “prosecutorial misconduct and due process violations” and another based on the “unconstitutional” Mar-a-Lago raid. In their filing on the raid, Trump’s attorneys argued the warrant, which they said was “executed in an egregious fashion and in bad faith,” lacked “the particularity required by the Fourth Amendment.” The warrant did not establish a basis for “rummaging through the majority” of the rooms at...
  • I was inside the court when the judge closed the Trump trial, and what I saw shocked me

    05/21/2024 12:54:09 PM PDT · by thegagline · 73 replies
    The New York Post ^ | 05/21/2024 | Alan Dershowitz
    *** [I]n my 60 years as a lawyer and law professor, I have never seen a spectacle such as the one I observed sitting in the front row of the courthouse yesterday. The judge in Donald Trump’s trial was an absolute tyrant, though he appeared to the jury to be a benevolent despot. He seemed automatically to be ruling against the defendant at every turn. Many experienced lawyers raised their eyebrows when the judge excluded obviously relevant evidence when offered by the defense, while including irrelevant evidence offered by the prosecution. But when the defense’s only substantive witness, the experienced...
  • Behar: People Who Wear MAGA Hats Should ‘Put a Swastika’ on It

    05/21/2024 12:51:14 PM PDT · by ChicagoConservative27 · 58 replies
    Breitbart ^ | 05/21/2024 | Pam Key
    Joy Behar told her co-host Tuesday on ABC’s “The View” that people who wear MAGA hats should “put a swastika” on it while discussing a since-removed video re-posted to Donald Trump’s Truth Social account that briefly showed an image calling for a “unified Reich.” Co-host Sunny Hostin said, “I think that it’s so dangerous that he is willing to shout out the quiet part. And I don’t understand what Biden can do really to counter that narrative because if you don’t hear what he’s saying, then you’re never going to hear anything.” Co-host Sara Haines said, “I agree with the...
  • Macho Joe Scarborough: If I Were Judge Merchan, I'd SHACKLE Trump And Jail Him!

    05/21/2024 12:43:09 PM PDT · by governsleastgovernsbest · 47 replies
    NewsBusters ^ | Mark Finkelstein
    Muy Macho Joe Scarborough has once again proven himself the toughest hombre this side of Nantucket. Among several past displays of his sizzling manliness, Scarborough once boasted he'd force a tourist to eat his camera if he found him snapping pics inside the Capitol somewhere Scarborough didn't approve. [snip] Scarborough then trained his macho sights on Trump. Joe said that Judge Merchan has shown "restraint" in the face of Trump "going out and, and attacking him personally, suggesting that he's corrupt, suggesting that the court system is rigged, making it extraordinarily personal toward him and members of his family." Scarborough...
  • Yellen sees 'possibility' of $50 billion Ukraine loan from seized Russian assets

    05/21/2024 10:43:37 AM PDT · by Tench_Coxe · 53 replies
    LONDON, May 21 (Reuters) - U.S. Treasury Secretary Janet Yellen said there was a possibility Group of Seven nations would support Ukraine by as much as $50 billion using loans linked to seized Russian assets, Sky News reported on Tuesday. "I believe it's important for the G7 to work together to show a united front and to show that we can generate meaningful resources to support Ukraine over the next several years," she told Sky News.
  • Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

    05/21/2024 10:42:19 AM PDT · by BradtotheBone · 71 replies
    AP Via Yahoo News ^ | MAY 21, 2024 | MATTHEW DALY
    WASHINGTON (AP) — The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. The move is intended to help “lower costs for American families and...
  • Trump raised MORE money than Biden while he sat in the New York hush money trial: Ex-president builds his 2024 war chest

    05/21/2024 10:10:41 AM PDT · by knighthawk · 1 replies
    UK Daily Mail ^ | May 21 2024 | GEOFF EARLE
    Sitting in a ‘freezing’ courtroom hasn’t kept Donald Trump from securing some red hot fundraising numbers. In fact, stunning new campaign finance data reveals the criminal defendant has been out-raising President Joe Biden even while cooling his heels inside a Manhattan courtroom. Trump and the Republican Party brought in $76 million in April. That’s about 50 per cent more than the $51 million Biden and the Democratic National Committee brought in last month.
  • Biden Administration Orders Ban on Election Betting Markets

    05/21/2024 9:47:51 AM PDT · by ChicagoConservative27 · 48 replies
    Breitbart ^ | 05/21/2024 | WENDELL HUSEBØ
    The Biden administration ordered a ban on 2024 election betting markets, which often show former President Donald Trump winning in November and President Joe Biden remaining his party’s nominee. Betting markets often provide different insights than election polling that established media outlets perform and are often useful to academics and journalists. The Commodity Futures Trading Commission proposed a rule on May 10 to permanently ban betting on election commercial prediction markets in the United States, the New York Times’ Jeff Sommer recently reported, even as sports gambling became largely deregulated, soaring in popularity: Rostin Behnam, the chairman of the C.F.T.C.,...
  • Biden’s Latest Inflation Narrative: ‘Corporate Price Gouging’

    05/21/2024 8:59:22 AM PDT · by ChicagoConservative27 · 33 replies
    Breitbart ^ | 05/21/2024 | WENDELL HUSEBØ
    “Corporate price gouging” is the Biden administration’s latest narrative to displace the responsibility of soaring costs. President Joe Biden, who falsely claimed twice in two weeks that inflation was at nine percent when he assumed office, is transitioning to another tack, albeit a strategy he has used before. “President Biden’s top economic priorities are fighting inflation and lowering costs for the American people,” White House deputy press secretary Andrew Bates claimed. “Standing up to corporate price gouging is at the core of that fight.”
  • Recession seems almost certain with 19 states in trouble already, expert warns

    05/21/2024 7:12:26 AM PDT · by fwdude · 30 replies
    Buiness Insider via MSN ^ | May 21, 2024 | Theron Mohamed
    Get ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned. "There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist, told WealthTrack in a recent interview. Lazar, a cofounder of Cornerstone Macro and ISI, cited the delayed impacts of the Federal Reserve's interest-rate rises and credit drying up as two likely drivers of a downturn. "We just think this is a very risky economic environment," she said. "When banks are tightening lending standards, and you clearly have higher interest rates, you've never had a soft landing....
  • Microplastics found in every human testicle

    05/21/2024 5:33:17 AM PDT · by Paul46360 · 47 replies
    Microplastics found in every human testicle in study. Scientists say discovery may be linked to decades-long decline in sperm counts in men around the world.Microplastics have been found in human testicles, with researchers saying the discovery might be linked to declining sperm counts in men. The scientists tested 23 human testes, as well as 47 testes from pet dogs. They found microplastic pollution in every sample. The human testicles had been preserved and so their sperm count could not be measured. However, the sperm count in the dogs’ testes could be assessed and was lower in samples with higher contamination...
  • An alleged scammer funnelled Jo O'Brien's life savings offshore. She threatened to track down his family in Pakistan

    05/20/2024 8:56:18 PM PDT · by nickcarraway · 19 replies
    ABC (Australia) ^ | 5/20 | Michael Atkin
    Jo O'Brien feels like she has nothing left to lose. After her life savings were stolen, desperation led her in an unusual direction. She's been texting the man who admitted being involved in the elaborate plot that ripped her off. Many people would hesitate before pressing send, but Ms O'Brien is not one of them. "Why would people think it's unusual? "Why wouldn't you just ask, 'Where's my money?'" she asked. And that's exactly what she's been doing. On the receiving end is the Pakistan-born director of a tiny Melbourne company facing serious allegations. He is 29-year-old Muhammad Ali Waheed.
  • Australia Runs Risk of Blackouts Amid Transmission Lines Delay

    05/20/2024 8:48:17 PM PDT · by nickcarraway · 6 replies
    Reuters ^ | May 20, 2024
    Australia faces the risk of power shortages because of delays in installing transmission lines tied to wind and solar farms, the energy market operator said on Tuesday, posing a challenge to the country's energy transition plans. In an updated outlook for the electricity market, the Australian Energy Market Operator (AEMO) said the delay in commissioning dates for EnergyConnect, a 900 km (559 miles) transmission line to connect grids across three states, as well as the mothballing and retirement of gas and diesel power generators in South Australia could impact the power grid. WHY IT'S IMPORTANT Australia's power industry is struggling...
  • New report: California ranks ‘dead last’ in ‘opportunity’

    05/20/2024 8:47:05 PM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 05/20/2024 | Olivia Murray
    According to Kenneth Schrupp at The Center Square, a new analysis from the U.S. News and World Report agency found that California ranked “dead last” among the 50 states when it comes time to “opportunity.” In other news water is still wet.What could have possibly indicated that California wasn’t the friendliest location for anyone wanting to build a life of prosperity and freedom?Was it the state’s nearly seventy-billion-dollar deficit?Was it the mass exodus that has seen hundreds of thousands of people flee the state for friendlier locales, a trend which has resulted in a net negative for legal population and...
  • Slimy Gavin Newscum reneges on promise not to raise taxes to cover his state’s multi-billion dollar deficit

    05/20/2024 8:44:22 PM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 05/20/2024 | Olivia Murray
    The ease and “fortuitousness” by which birth names evolve into perfectly descriptive and denigrative monikers seems like a God-has-a-sense-of-humor moment—a slimy-looking man that screams “greasy salesman” just happens to have a last name that can easily accommodate the word “scum” into it? Providence, no? And, there are few things slimier and scummier than taking an oath of office to represent the people, making promises to act in their best interest, and then reneging on them—but that’s just who Gavin Newscum is. From Susannah Luthi report at The Washington Free Beacon:Earlier this month, the governor repeatedly pledged he would not raise...
  • A Good Alternative to Tariffs: Both Trump and Biden want tariffs. But here is a better way to boost the economy

    05/20/2024 8:23:41 PM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 05/20/2024 | David Ennocenti
    President Biden has called for increasing tariffs on imports of steel from China. President Trump has also called for increasing tariffs on all goods from China. Although these tariffs may help with shifting some demand to United States steel, there is a cost involved to the consumer: inflation. The economy was strong during the Trump administration, but Forbes analyzed the effect of tariffs during that time. The conclusion was mixed, but the tariffs may not have been as positive as originally believed.Most economists agree that tariffs don’t always produce a boost in U.S. manufacturing. In addition, the cost of goods...
  • Gordon: BLM proposal part of Biden’s war on energy

    05/20/2024 7:33:14 PM PDT · by george76 · 8 replies
    Fence Post ^ | May 17, 2024 | Rachel Gabel
    Wyoming Gov. Mark Gordon said the latest Bureau of Land Management proposal is the agency’s determination that coal leasing in the Powder River Basin will not be permitted past 2041. The BLM’s final supplemental environmental impact statement (SEIS) and proposed amendment to its Buffalo Field Office land use plan selects the “no leasing” alternative in the Buffalo Coal Resource Management Plan Supplemental Environmental Impact Statement. Release of the final SEIS and proposed amendment opens a 30-day public protest period. Gordon said the decision is part of Biden’s “partisan, vindictive, and politically motivated war on America’s abundant, cheap, efficient, and consistent...
  • Proposed Abortion Amendments Qualify for Ballots in Colorado, South Dakota

    05/20/2024 5:52:19 PM PDT · by ChicagoConservative27 · 13 replies
    Breitbart ^ | 05/20/2024 | Katherine Hamilton
    Officials in South Dakota and Colorado certified proposed amendments that would enshrine the right to abortion in their state constitutions. Republican South Dakota Secretary of State Monae Johnson released a statement on Thursday announcing that her office had approved the abortion measure after certifying that it had the required number of signatures to appear on the November ballot, NBC News reported.