Money & The Economy
News on Finance, Money, markets and the economy
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Lockdown Losses: Budget Deficit Spiked In January, CBO Report Finds
The federal budget deficit grew a whopping 400% in one year as the pandemic caused spending to skyrocket, the Congressional…
Read More » Pelosi and Schumer Just Reintroduced PRO Act, Which Would Kill Uber
With control of Congress and the White House, Democrats are making labor policy one of their first priorities. Ironically enough,…
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I Could Pay Off My $50k Student Loan in a Few Years—if Government Stopped Taking My Money
Twelve-thousand dollars. That’s how much the government will take out of my income this tax season. As a college graduate,…
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The Meme Stock Saga Centers Around The National Securities Clearing Corporation, A Little-Known Financial Services Company
The National Securities Clearing Corporation (NSCC), one of a handful of Wall Street firms known as “clearinghouses,” demanded a whopping…
Read More » Why a $15 Federal Minimum Wage Would Be a Terrible Policy
The two-thirds of Americans who support a minimum wage hike to $15 per hour now have an ally in the…
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US Added 49,000 Jobs In January, Unemployment Rate Fell To 6.3%
The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to…
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Bloomberg Article Misleads by Omitting Key Detail about Economists Surveyed on $15 Minimum Wage
Bloomberg News recently ran a profile of Arin Dube, a Professor of Economics at the University of Massachusetts, Amherst. The…
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Study: Lockdowns Had Largest Impact in Destroying Economic Activity
The world may be nearing the end of the coronavirus pandemic (at least we can hope), but the post mortems…
Read More » New Jobless Claims Decrease To 779,000, Economists Expected 830,000
The number of Americans filing new unemployment claims decreased to 779,000 last week as the economy continued to suffer the…
Read More »In Defense of Hedge Funds and Short Selling: GameStop, Reddit, and Robinhood
Does Wall Street gain at the expense of the little guy? Yes. Is this gain via hedge funds and short…
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Robinhood Has Received Billions From Silicon Valley Investors
Robinhood, the day-trading app that has recently been criticized for restricting the trading of certain stocks after amateur traders drove…
Read More » The economy tanked last year. What will happen this year?
Recently released data from the US Department of Commerce indicates that GDP declined by 3.5% last year. That is the worst…
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Local Grocery Stores Close as California ‘Hero Pay’ Ordinance Backfires
A new “Hero Pay” mandate in Long Beach, California has inadvertently cost some frontline grocery workers their jobs. “Ralphs and…
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‘Giving A Drowning Man An Anchor’: Jobs Creators Network CEO Discusses $15 Minimum Wage
Alfredo Ortiz, the CEO and president of the Jobs Creator Network, spoke with the Daily Caller News Foundation’s Samantha Renck…
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What Comes Next For Robinhood And Reddit After Last Week’s GameStop Trading Frenzy?
Legal experts don’t think Robinhood has much to fear from the class-action lawsuit filed after it restricted buying access to…
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