Economy
Triple decker: Kerch Bridge explosion, Trump policies against OPEC cut, jump in gender dysphoria diagnosis
Explosion on Kerch Bridge between Russia and Crimea A truck exploded on the bridge connecting Russia to Crimea. The truck’s explosion resulted in fuel tanks, in a nearby train, to ignite. A car traveling next to the truck when it exploded also was impacted, a couple of the passengers were pulled from the water. This […]
Americans experience most severe pay cut in a quarter of a century
Many of those who wanted employers to raise minimum wage were happy to see movement towards that objective. A combination of factors resulted in many employers raising the minimum wage to attract employees. Those who had been arguing for increased minimum wage attempted to leverage this fact to point out that employers were capable of […]
Soaring inflation wipes out over $4,000 in annual income for average American
Analysis of consumer prices data, and Federal Reserve interest rates, lead experts at a conservative think tank to conclude loss of income for the average American. The experts estimated approximately $4,200 lost since Trump left office. Additional factors that influence higher interest rates contributed to a loss of $1,200 per year. From FoxBusiness: “Simply put, […]
Democrat bill intended to reduce inflation would contribute to skyrocketing inflation
This is a warning that a letter written by 230 economists warns about. These economists argue that instead of making things better as Biden and Democrats claim, it would actually skyrocket inflation and place burdens on the economy. From Fox News: The letter was sent to Schumer, Senate Minority Leader Mitch McConnell, R-Ky., House Speaker […]
When a Recession is Not a Recession
“I did that.” An economic recession is a period of reduced economic activity, as one would imagine. It has been defined since forever as when the economic activities of a nation undergo what is euphemistically called “negative growth” for two or more quarters in a row. Here in the United States, the National Bureau of […]
White House article attempts get ahead of bad economy report
It appears that the economy has shrunk a second quarter in a row. In an effort to counter this news, the White House claimed that we are nowhere near an economic downturn. They continue their argument by suggesting that instead of using the two consecutive quarters of falling real GDP as a measure, a holistic […]
Bidenomics: Recession checklist
With discussions of a possible recession in the future, a FOXBusines article contributor, Michael Davis, offers tips on how to mitigate recession aggravated challenges. Davis argues that now is the time to start taking action, to include becoming more valuable in the workplace. Once the recession starts, the difficulty level of getting a job […]
Strategic Petroleum Reserve oil diverted to other countries
Strategic Petroleum Reserve (SPR) oil has been diverted over to countries in Asia and in Europe. Over 5 million barrels were slotted for this transfer. This is oil meant for use in the United States for emergency purposes. However, the White House is being criticized for using the SPR as an attempt to “cover up” […]
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