Kristin Tate What do increased funds for NPR, the John F. Kennedy Center, or refugee assistance have to do with aiding Americans harmed by the coronavirus pandemic? Congress didn’t bother to explain, but snuck in funding for these initiatives—plus plenty other seemingly random items—in the $2 trillion coronavirus spending bill anyways. President Trump signed the […]
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, […]
Since 2004, when David Chang helped to reconfigure the dining establishment’s ideas about what a great restaurant could be with Manhattan’s Momofuku Noodle Bar, he has opened more than a dozen restaurants around the world; hosted two seasons of his Netflix documentary series, “Ugly Delicious”; started a hit podcast, “The Dave Chang Show”; published the […]
John Binder Illegal aliens are demanding they too receive $1,200 in federal checks from the government as part of a Chinese coronavirus crisis relief package. Open borders organizations like the George Soros-funded United We Dream, the National Immigrant Justice Center, and the National Immigration Law Center — all of which represent the roughly 11 to […]
FoxNews Just hours after President Trump’s top economic adviser said Congress was close to agreeing on an unprecedented $6 trillion stimulus plan, tensions abruptly ratcheted back up again on Capitol Hill Tuesday night — with Republican Sen. Lindsey Graham taking to the Senate floor and calling for an immediate end to negotiations because he said Democrats were “nickel-and-diming […]
Earlier reported on Zero Hedge in a report titled “the lamps are going out all across the economy”, JPMorgan’s chief US economist, Michael Feroli slashed his Q2 US GDP forecast to a staggering -14%, which he optimistically expects to form the bottom of a V-shaped recovery that then lifts the US economy by +8% and +4% in […]
Is Coronavirus a biological weapon? This video by Mahmoud ElAwadi questions the Chinese government and a recent trade deal with the USA. Chinese are profiting immensely from the fire sale on stocks, as though they were prepared for it Also consider that China owns large portions of our media companies, and China virtually controls […]
Wealthy elites pocket more than 7.5% of financial aid coming into their economically struggling countries, according to new research from the World Bank. To reach these disturbing findings, researchers measured the increase in deposits into offshore bank accounts in countries known for high levels of bank secrecy by people in countries receiving disbursements of foreign […]
Update (2020ET): And there it is: for the first time since the financial crisis, the emini S&P future has hit the limit down band of -5%, something it failed to do even during the May 2010 flash crash. This means that no more trade are allowed below the limit down level until the market opens at […]
Democrats have used the coronavirus to point to why the U.S. needs a government-paid family leave program (such as the FAMILY Act), so that employees can take time off from their jobs without losing much-needed paychecks. Well, in Washington state (which has the most reported coronavirus cases in the U.S. thus far), “It’s Here. It’s […]
