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Ordinary Americans should pay the $2 billion cost of housing and feeding the economic migrants that New York City leaders are putting into Americans’ jobs and apartments, according to Mayor Eric Adams. “We expect more from our national leaders to address this in a real way,” Adams told a group of Venezuelan economic migrants during a brief Sunday trip to the border town of El Paso, Texas.

On Friday’s “PBS NewsHour,” New York City Mayor Eric Adams (D) stated that the large number of migrants who have arrived in the city has had a large impact on not only the city’s safety net, but also its economic recovery in the wake of the coronavirus pandemic. Co-host Geoff Bennett asked, “I want to start with the request you issued today to New York state to help with the burden, the influx of migrants, asylum seekers who have found their way to your city. More than 800 asylum seekers arrived in one day last week, more than 36,000 since...

LANSING, Mich. (AP) — Michigan Gov. Gretchen Whitmer will travel to Europe next week for a five-day trip to promote the state’s recent economic developments and with hopes of attracting new businesses in the automotive and clean energy industries. The Democratic governor will travel to Norway first before heading to Switzerland to speak at the World Economic Forum’s annual meeting in Davos next week to speak on a panel to discuss “The Return of Manufacturing.” She will be a part of a bipartisan group of governors in Davos that includes Georgia Gov. Brian Kemp and Illinois Gov. J.B. Pritzker

It’s the end of 2022 and this is video 319. If you’ve watched all 319 you can give yourself a pat on the back – but if you are in the UK, please don’t dislocate anything as you do so because there are no ambulances, no GPs and no hospitals; and possibly no Royal Mail to bring you a get-well card. GPs, who earn huge six-figure salaries, want a 21-hour working week, without having to see patients face to face, and are threatening to go on strike. How will anyone tell if GPs do go on strike? They gave out...

Wake up, America. That ticking sound you’re hearing is the American debt time bomb that with each passing day is getting precariously close to detonating and crashing the US economy. Businesses, consumers and especially the federal and state governments have become hooked on red ink as if it were crack cocaine. Two factors have fueled this borrowing binge: an era of low interest rates (that’s coming to an end) and falling real wages thanks to the 15% rise in prices of Bidenflation. Let’s review the borrowing up-escalator that accelerated during COVID but hasn’t subsided. The King Kong of borrowing is...

Democratic strategist Donna Brazile said Sunday on ABC’s “This Week” that abortion was an economic issue. Co-host Martha Raddatz said, “The economy far and away the top issue. Our ABC News/Washington Post poll, 43% of Americans say they’re now worse off financially in the last two years, that is pretty astounding. Why has that not been the number one issue on the campaign?” Brazile said, “Well, you know, Martha, so you have to take a look at the entire country, because I do believe that whether you’re talking about abortion, which is an economic issue, and why? Because when you...

President Biden on Thursday took a victory lap after federal data showed the U.S. economy grew by 2.6 percent during the third quarter of the year and accused congressional Republicans of “rooting for a downturn.” “For months, doomsayers have been arguing that the US economy is in a recession and Congressional Republicans have been rooting for a downturn,” Biden said in a statement. “But today we got further evidence that our economic recovery is continuing to power forward. This is a testament to the resilience of the American people.” Commerce Department data showed U.S. gross domestic product (GDP) grew at...

On Wednesday’s broadcast of CNN International’s “Amanpour,” Special Presidential Envoy for Climate John Kerry stated that “big, powerful economic interests” will play a crucial role in fighting climate change and business will play an “absolutely critical” role, and you see this with things like ESG. Host Christiane Amanpour said that while there are entrepreneurs and personal action on climate, “we’re told over and over again that that is not enough, it’s big governments, important governments, small governments who have to actually do it to make it stick.” Kerry responded, “Well, it’s not just big governments, Christiane, it’s big, powerful economic...

On Tuesday’s broadcast of CNN’s “New Day,” Sen. Mark Warner (D-VA) said that while the infrastructure legislation, the semiconductor legislation, and the Inflation Reduction Act that Democrats and President Joe Biden have passed are all pieces of “great” policy, all of these pieces of legislation “are taking a while to roll in where people actually feel it.”

When it comes to reassuring Americans about an economy that's an election-year challenge for his party, President Joe Biden is telling the country to hold on. It's a message of patience as voters are buffeted by persistent inflation, fears of a recession and the prospect of rising energy prices in the closing weeks of the campaign season when they will determine the fate of vulnerable Democrats and control of Congress.

The British pound hit a record low against the dollar on Monday after UK Prime Minister Liz Truss, a fan of “trickle-down economics,” announced a sweeping spending and tax cut plan to rescue the British economy from recession on Friday. What’s happening: Investors were taken aback by the new government’s choice to institute its largest tax cut in 50 years while boosting government spending and borrowing with inflation near 40-year highs. Citibank analysts called the decision a “huge, unfunded gamble for the UK economy.” Markets dropped precipitously on the news. But Truss took a cue from former US President Ronald...

Lawmakers are under pressure to avert a rail worker strike as soon as this week that would batter the nation’s economy just before November’s midterm elections. Republican senators introduced a resolution to impose a new contract if negotiations between railroads and unions collapse, while Democrats say they would pass legislation to block a rail shutdown if necessary. More than 115,000 rail workers will be legally allowed to strike on Friday. The cooling-off period expires 30 days after the White House-appointed Presidential Emergency Board (PEB) released contract recommendations that call for 24 percent raises, back pay and cash bonuses. The two...

Jada Riley thought she had beaten homelessness. The 26-year-old New Orleans resident was finally making a steady income cleaning houses during the pandemic to afford a $700-a-month, one-bedroom apartment. But she lost nearly all her clients after Hurricane Ida hit last year. Then she was fired from a grocery store job in February after taking time off to help a relative. Two months behind on rent, she made the difficult decision last month to leave her apartment rather than risk an eviction judgment on her record. Now, she's living in her car with her 6-year-old son, sometimes spending nights at...

ord Motor Co. is cutting about 3,000 white-collar jobs as it attempts to lower costs and shift from internal combustion to electric vehicles. Leaders of the Dearborn, Michigan, automaker made the announcement Monday in a companywide email obtained by CBS News, saying that 2,000 full-time salaried workers would be let go along with another 1,000 contract workers. The cuts represent about 6% of the 31,000 full-time salaried work force in the U.S. and Canada. Ford's 56,000 union factory workers are not affected. Some workers also will lose jobs in India. Executive Chairman Bill Ford and CEO Jim Farley said in...

INFLATION is expected to soar to its highest level in nearly 50 years at 18.6 per cent with 'catastrophic' consequences for the country, it was warned. Premier League - Win tickets UK inflation set to soar to 50-year high with CATASTROPHIC consequences warning INFLATION is expected to soar to its highest level in nearly 50 years at 18.6 per cent with 'catastrophic' consequences for the country, it was warned. By SAM LISTER - DAILY EXPRESS POLITICAL EDITOR 00:00, Tue, Aug 23, 2022 | UPDATED: 00:00, Tue, Aug 23, 2022 169Comment sectionShare on FacebookShare on TwitterShare on LinkedInShare on PinterestCopy link...

Every industry is being impacted by inflated costs, but retailers seem to be getting it the worst. Retail Dive recently reported that according to recent report findings by Alignable, a referral network for small business owners, the industry is poised to lose more than half of their companies. Per the findings, nearly half of small business owners, including 59% of retailers, shared they’re at risk of shutting down before winter, a jump from 12% from the 35% that said the same a year ago. It looks even more troubling for minority-owned businesses (52% could be shuttered by fall) and women-owned...

New York City is giving more than $6 million in contracts to nonprofits working with “asylum seekers” as migrants arriving on buses from Texas flood the city. NYC’s Immigrant Affairs office announced Saturday it was awarding $6,750,000 in contracts to the organizations that would go toward “case management” and additional “critical services”

JPMorgan Chase CEO Jamie Dimon estimated last week the probability that the US would head into a recession, according to a Yahoo Finance report published Saturday. Dimon reportedly said on a client call Tuesday that the economy was "strong" but "storm clouds" were on the horizon, including federal monetary policies, Russia's invasion of Ukraine, and rising oil prices. The categorization is an apparent downgrade from Dimon's previous comments in June when he warned of an "economic hurricane."

Guayule is an evergreen shrub that originated in the arid zone from the southwestern part of the USA to northern Mexico and therefore can be grown in environments totally different from those suited for para rubber trees (the current primary source of natural rubber (*1)). Also, the rubber constituent contained therein is very similar to that of para rubber trees. Given these factors, guayule is expected to become a new source of natural rubber. *1Hevea brasiliensis, Euphorbiaceae; evergreen tree originated in Brazil. Latex extracted from the tree contains natural rubber.

Love him or hate him, but stock broker and gold proponent Peter Schiff does make a very compelling observation: consumers are paying for huge government via the inflation tax, and the only way to slow down runaway consumer prices is to aggressively hike rates and strongly cut back on fiscal spending. Schiff took to his blog to express grievances with the state of the US economy, and the detrimental impact of soaring inflation on Americans’ incomes. “I think we’re not in recession, which was something that I had been predicting. So, inflation got stronger as the economy got weaker. And...