Money & The Economy
News on Finance, Money, markets and the economy
Populist Claims About Stagnant Wages Are Misleading, Federal Reserve Data Show
Last week, Rep. Ro Khanna tweeted about the disparity in CEO and worker wage growth since 2009. He wrote, “From…
Read More »Wyden-led amendment would clarify cryptocurrency reporting rules
Senate Finance Chair Ron Wyden, D-Ore., filed an amendment to the bipartisan infrastructure bill on Wednesday aimed at making clear…
Read More »Jobless Claims Fall Below 400,000, Hit Economists’ Expectations
The number of Americans filing new unemployment claims decreased to 385,000 last week as the economy continues its recovery from…
Read More »Bidenomics: Private Companies Added Half As Many Jobs As Expected In July: REPORT
Private companies added 330,000 jobs in July, far fewer than expected and the lowest amount since February, according to a…
Read More »Solar Energy Exploded During the Trump Years. Why?
Last May, the US Department of the Interior approved the Gemini Solar Project, a planned 7,100-acre installation in Nevada that…
Read More »Bipartisan Infrastructure Bill Would End Pandemic Business Tax Break Early
The bipartisan Senate infrastructure bill would eliminate a pandemic-related business tax exemption three months earlier than planned. The funds received…
Read More »9 Crazy Examples of Waste, Unrelated Pet Projects Snuck into Massive Bipartisan Infrastructure Bill
When President Biden first unveiled his $2+ trillion proposal for an infrastructure spending package, he was widely ridiculed for stretching…
Read More »GDP grows at a 6.5% annual rate in the second quarter. That’s good, but…
According to the Bureau of Economic Analysis (BEA) first estimate of GDP growth, the economy grew 1.6% in the second…
Read More »Don’t Extend the CDC’s Unconstitutional ‘Eviction Moratorium’
Nobel-Prize-winning economist Milton Friedman famously quipped that “nothing is so permanent as a temporary government program.” If only he’d known…
Read More »‘Nothing Is New — It Is Just Forgotten’: Historian Aims To Remind Americans What Happens When Government Suppresses Free Markets
Accomplished scholar and author Amity Shlaes sees history as an important tool to learn from the past and its mistakes…
Read More »Key Inflation Measure Spikes Again, Hits Highest Level Since 1991
A consumer price measurement used by the Federal Reserve to track inflation spiked again in June and hit its highest…
Read More »How Amazon’s $10 Billion Contract Squabble with the Pentagon Reveals the Shady Nature of Military Contracts
Earlier this month the US Department of Defense (DOD) canceled a $10 billion Joint Enterprise Defense Infrastructure (JEDI) contract awarded…
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School Shutdowns Will Cost Students a Staggering Amount in Lifetime Earnings, New McKinsey Analysis Shows
US COVID-19 deaths are at the lowest levels since March 2020, but alarmism over the “Delta variant” is nonetheless on…
Read More » Jobless Claims Decrease Slightly To 400,000, Remain Elevated
The number of Americans filing new unemployment claims decreased to 400,000 last week as the economy continues its recovery from the…
Read More »Big Tech Profits Continue To Surge, Latest Earnings Show |
Big Tech companies including Google, Apple, Microsoft and Twitter reported massive, record-breaking earnings figures as their sales continued to surge…
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