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This past August, on the second night of the virtual RNC, it was inspiring to see the secretary of Homeland Security swear in five new American citizens and each new citizen then recognized by President Trump. The process of obtaining American citizenship was educational. Nevertheless, the Democrats under Joe Biden seek to enable everybody who crosses our borders to do so easily, without penalty, and to quickly be given an array of benefits.Serving Citizens Comes FirstIt’s admirable when legal immigrants from other cultures influence the existing U.S. citizenry in positive ways. Concurrently, the "nation of immigrants" or "xenophobia" arguments used...

The economists found that this led to a 9% reduction in low-wage jobs. The pay increase it generated didn’t make up for the reduction in employment, and earnings fell for low-wage workers overall.

“In December, 15.8 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic–that is, they did not work at all or worked fewer hours at some point in the last 4 weeks due to the pandemic. This measure is 1.0 million higher than in November.”

California’s Continuing CollapseCalifornia’s rapid descent is starting to remind me of the old Hemingway line about how someone went bankrupt: “Gradually and then suddenly.”The New York Times noticed yesterday:They Can’t Leave the Bay Area Fast EnoughThe migration from the Bay Area appears real. Residential rents in San Francisco are down 27 percent from a year ago, and the office vacancy rate has spiked to 16.7 percent, a number not seen in a decade.Though prices had dropped only slightly, Zillow reported more homes for sale in San Francisco than a year ago. For more than a month last year, 90 percent...

President-elect Joe Biden's newly unveiled stimulus plan includes a federal minimum wage increase to $15 an hour, although the measure is likely to face pushback in Congress. Currently set at $7.25 an hour, Biden moved to nearly double the country's minimum wage in his $1.9 trillion economic relief package. The plan would also include the elimination of separate minimum-wage thresholds for workers who receive tips and workers with disabilities — a statement that received wide support due to its inclusivity of all workers. "No one working 40 hours a week should live below the poverty line," Biden said in a...

The Biden stimulus package is truly epic in size. It would be more than twice the size of the 2009 Obama budget stimulus and would come on top of the more than US$3 trillion in Covid-19 budget stimulus measures enacted last year. It would also be coming at a time that the U.S. registered a record budget deficit last year, which raised our public debt to GDP ratio to over 100 percent. That ratio was higher than that which prevailed after the Second World War. Mr. Biden is justifying his spending proposal on the grounds that all too many people...

Dear Chuck, Is America heading towards an economic collapse? If so, how do I prepare? Worried Boomer Dear Worried Boomer, My view is we are headed towards another economic crisis with a low risk of an actual economic and/or currency collapse. In either scenario, there are ways to be prepared. Economic Crisis vs. Collapse An economic crisis is different from a collapse. America has worked through several in my lifetime: ‘70s stagflation, ‘81 recession, ‘89 savings and loan crisis, post-9/11 recession, ‘08 great financial crisis, and the 2020 coronavirus crisis we are in now. A collapse is brought on by...

It would be a gross understatement to say that Federal Reserve Chairman Jerome Powell faces a very difficult year ahead in meeting the Fed’s dual objective of low inflation and high employment. It is not only that the U.S. economic recovery is now stumbling during this darkest of Covid-19 winters at a time that unemployment remains troublingly high. Nor is it only that the recent Georgia Senate election has paved the way for another round of large-scale budget stimulus by the incoming Biden Administration at a time that of a record-high U.S. budget deficit. It is also that the Federal...

Biden’s proposal, which is expected to cost up to $2 trillion, could extend more help to households and businesses in addition to easing the burden on state and local governments. Soon-to-be Senate Majority Leader Chuck Schumer, a Democrat from New York, was seeking a $1.3 trillion COVID-19 relief package.

This story is all about the most profitable companies from 2005 to 2019.

The spring shutdowns delivered a gut punch to owners of businesses from salons and daycare centers to tattoo parlors. At the onset of the pandemic 140,104 were marked temporarily closed on Yelp.com, but by August that had fallen to 65,769. That drop, however, is not entirely driven by businesses reopening; instead, many have simply gone under. More than 97,966 businesses have permanently shut down during the pandemic, according to Yelp.com's Local Economic Impact Report. And it may only get worse. While many parts of the economy have begun to hum again, many small businesses are still struggling and report needing...

"Small businesses are concerned about potential new economic policy in the new administration and the increased spread of COVID-19 that is causing renewed government-mandated business closures across the nation," Bill Dunkelberg, chief economist at NFIB, said in a statement. The backdrop for such businesses is set to improve in the near-term. Fiscal stimulus passed at the end of last month revives the Paycheck Protection Program, and direct payments included in the measure could lift spending at small businesses. Vaccine distribution and a more efficient reopening also serve to boost overall activity. Still, the Tuesday report's details "make for grim reading,"...

Deutsche Bank AG has reportedly decided to cut ties with President Donald Trump as well as his private companies following the unrest at Capitol Hill last week. The German lender has been joined by the New York-based Signature Bank, which also announced that it would be ending its business relationship with the President.

President-elect Joe Biden says his priorities to grow businesses will only be for some Americans, not all Americans. “Our priority will be Black, Latino, Asian, and Native American owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild,” the vice president said. What about white men who own small businesses? Will they be left to fend for themselves? Why is the president-elect judging small business owners by the color of their skin? Watch the full video below.

As tensions between the United States and China continue to rise, the trend of iconic American companies and brands being purchased by Chinese companies — some of them government-sponsored entities — has continued to accelerate. In some cases, the American company has been sold in full, and in others, investors have merely purchased a stake. But here are some important American brands, now owned at least in part by Chinese companies:

Word to the wise. While being in debt is not normally a good thing, sometimes it can be wise. Take for instance the Communist Democrats being in power means that inflation will rise. With inflation comes higher prices, which means you need to reconsider certain aspects of your finances to deal with the oncoming higher cost of living.It's inevitable, because of the Democrat's social agenda of higher taxes, increased regulations, higher Federal minimum wage, and their war on the fossil fuels, because of their 100 trillion dollar Green New Deal plans. That is just the things the Democrats are promising...

THE NUMBER OF AMERICANS filing first-time claims for unemployment fell slightly last week, the Labor Department reported Thursday. Initial jobless claims sat at 787,000, a decrease of 3,000 from the previous week's revised level. The four-week moving average was 818,750, a decrease of 18,750 from the previous week's revised average. The rate of claims remains elevated as businesses grapple with the effects of the coronavirus amid a recent surge in cases.

Private payrolls in December unexpectedly declined for the first time since April, according to a report Wednesday from payroll processing company ADP. The company, which estimates employment each month prior to the release of the government’s official payroll estimate on the first Friday of each month, said private payrolls fell by 123,000 in December.

A Hill-Harris X poll found 75% of voters said the $600 stimulus checks were “too little,” the Hill reported Monday. The poll was done from Dec. 30 until Jan. 3 and 15% said the checks were the right amount while eight percent said the amount was excessive, according to The Hill. Most from political parties were in agreement that the $600 wasn’t enough, with 77% of Democrats and independents and 71% of Republicans in agreement. “Voters across party affiliation and income levels are of a consistent view that $600 in COVID relief is too little and a strong majority agree...

JustTheNews Editor in Chief John Solomon didn’t let former Vice President Joe Biden get away with attacking the Trump economy. Especially since several members of Team Biden have made millions from it. As Solomon put it, new financial disclosure reports with the Office of Government Ethics revealed that Biden “and his closest advisers personally fared extremely well during the Trump years, with some raking in millions each.” Specifically, Biden himself “saw an historic rise in income and net worth, scoring at least $16.7 millions in income since Trump took office in 2017, or about three times what he and his...