Money & The Economy
News on Finance, Money, markets and the economy
We Just Got Even More Proof Inflation is On the Rise
The most widely-used metric for price inflation hit a 12-year high in mid-May, showing that prices had risen 4.2 percent…
Read More »Ghost Guns and the Deeply American Tradition of Gun Privacy
Earlier this month, Sen. Richard Blumenthal (D-Conn) and Rep. David Cicilline (D-R.I.) introduced the Untraceable Firearms Act, a bill that…
Read More »Here Are 3 Glaring Consequences of the $6 Trillion Budget Biden Just Proposed
History will not remember President Biden for his frugality. The president has already signed into law a massive multi-trillion-dollar “COVID”…
Read More »Why Your Summer Vacation Is Suddenly Looking Way More Expensive
Every summer I take a couple of vacations with my family—a short one to the Wisconsin Dells with my brothers-in-law…
Read More »Just 6% Of Small Businesses Have Fully Recovered Pandemic Losses, Poll Shows
Just 6% of small businesses that were negatively impacted by the coronavirus pandemic have fully recovered their losses, a Job…
Read More »New Poll: Americans Aren’t Willing to Pay for the ‘Green New Deal’—And It’s Not Even Close
Americans largely agree that climate change and pollution are real problems. But a new poll reveals that they aren’t interested…
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New National ‘Report Card’ Shows Public Schools Are Failing in One Huge Way
Students often face punishment from parents when they get a bad report card. But what happens when our school system…
Read More » Labor shortage! The real unemployment rate is probably under 4%
According to the Commerce Department, the current unemployment rate is 6.1%. That’s up slightly from the 6% rate recorded in March. Surprisingly…
Read More »Amazon To Acquire MGM Studios For $8.45 Billion In Mega Media Deal
Amazon acquired MGM Studios for $8.45 billion in a mega-deal that will bolster Amazon’s entertainment profile, the companies announced Wednesday…
Read More »We Just Got Proof that Americans, Not China, Are Paying for the Tariffs
President Trump famously (and falsely) said that “trade wars are good and easy to win.” But we now have confirmation…
Read More »Here Are the 10 States Where You’ll Pay the Highest Lifetime Taxes
In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average…
Read More »Remote Learning Will Cause Long-Term Economic Damage Worth Trillions, Study Claims
Remote school learning will cost the U.S. economy more than $1 trillion and will hamper gross domestic product growth by…
Read More »Bitcoin Uses Half the Energy of the Banking System: New Paper
Elon Musk recently sent bitcoin prices plummeting when he announced that Tesla would no longer accept the cryptocurrency, citing concerns…
Read More »Here’s Why San Francisco is Experiencing a Shoplifting Surge That’s Putting Some Stores Out of Business
“I’m new to San Francisco,” New York Times journalist Thomas Fuller told a grocery store clerk shortly after moving to…
Read More »Senate Republicans Expand Investigation Into ‘Woke Mission Creep’ Of Federal Reserve
Senate Banking Committee Republicans have expanded an investigation into regional Federal Reserve banks over their alleged “woke mission creep.” “This…
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