Nearly 100 Republican lawmakers are calling for a response from Speaker of the House Nancy Pelosi (D-Calif.) after President Joe Biden announced last week that he would forgive hundreds of billions of dollars in federal student debt. The demand came in a letter from Rep. Jody Hice (R-Ga.) that was co-signed by 93 other Republicans. On…
94 Republicans Demand That Pelosi Respond to Biden’s Student Loan Forgiveness Plan
Over 90 Republicans Demand Pelosi Respond to Biden’s Student Loan Forgiveness Plan
Nearly 100 Republican lawmakers have demanded a response from Speaker of the House Nancy Pelosi (D-Calif.) after President Joe Biden’s announcement that he would forgive hundreds of billions of dollars in student debt. The demand came in a letter from Rep. Jody Hice (R-Ga.) that was co-signed by 93 other Republicans. On Aug. 24, after months…
US Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
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Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
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While U.S. citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first quarter,…
American Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
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Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
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While American citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first, according…
Exodus of Chinese Tycoons Intensifying Amid Western Isolation of CCP
China’s worsening economic decline has large numbers of Chinese tycoons fleeing the country, a result of the West’s economic and political isolation of the communist regime, experts believe. At least 10,000 Chinese high-net-worth Individuals (HNWI) are expected to emigrate abroad this year, taking with them an estimated $48 billion, according to Henley & Partners, a…
Dutch Soldier Shot in Indianapolis Dies of His Injuries
August 29, 2022
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Crime and IncidentsdutchEuropeIndianapolisLocal NewsNetherlandsRegional-Local NewsshootingsoldierUSUS NewsWorld
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THE HAGUE, Netherlands—One of three Dutch soldiers wounded in a shooting outside a hotel in downtown Indianapolis over the weekend has died, the Dutch Defense Ministry said Monday. The commando died of his injuries “surrounded by family and colleagues,” the ministry said in a statement. The soldier was one of three members of the Dutch…
NASA’s Artemis 1 Moon Rocket Launch Delayed; Foreign Beef Labeled and Sold as US Made
NASA has called off the launch of the Artemis 1 moon rocket originally scheduled for this morning. The next launch attempt won’t take place until Friday at the earliest. A top Republican says former President Trump should have turned in all documents, but he also questions the FBI’s raid of Trump’s home, and if it…
LIVE NOW: NASA’s Artemis 1 Moon Rocket Launch Delayed; Foreign Beef Labeled and Sold as US Made
NASA has called off the launch of the Artemis 1 moon rocket originally scheduled for this morning. The next launch attempt won’t take place until Friday at the earliest. A top Republican says former President Trump should have turned in all documents, but he also questions the FBI’s raid of Trump’s home, and if it…
With Money Rates Down, ‘Something’ Is Up
August 29, 2022
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Business & MarketsBusiness ColumnistseconomyinflationInvestmentLIBORmoneymoney ratesOpinionrecessionrepo ratesSOFRT-billsViewpoints
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Commentary We have all been taught to associate low money rates with stimulus, and especially high money rates with trouble. And that can be true under certain circumstances. This theoretical world of easy interpretation doesn’t exist outside of the media or central bank econometric models. History—even recent history—at the very least cautions for a more…
Time to Turn Orwell Into Fiction Again
Commentary Of all the creepy things that totalitarian regimes do, perhaps none is more creepy than their habit of encouraging children to inform on their parents to the regime. Anyone who has read “1984,” will remember the pathetic Tom Parsons who winds up next to Winston Smith in The Ministry of Truth (read: prison) after…
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