Commentary Economic activity in the first quarter disappointed. Real gross domestic product (GDP) grew at a paltry 1.1 percent annual pace between January and March. That was better news than a zero-to-negative figure that would have indicated recession but a poor showing, nonetheless. The detail behind this overall measure painted an even less attractive picture,…
Elon Musk Says Censorship Enthusiasts Are ‘Less Than Thrilled’ With Twitter’s User-Sourced Fact-Checks
Twitter CEO Elon Musk has praised the platform’s Community Notes feature for “ending censorship in guise of virtue” and handing control of the “narrative” back to ordinary people. Musk made the comments in a tweet responding to Babylon Bee CEO Seth Dillon, who wrote on the platform that Twitter was previously “a place where false narratives were…
Fauci and Pfizer Lied to Trump About COVID-19 Vaccine, Claims Navarro
May 5, 2023
admin
AMERICABusiness & MarketsCCP VirusCompaniescover-upDr. Anthony FauciDr. Peter NavarroExecutive Branchorigin of the Wuhan virusPoliticsUSUS News
0 Comment
Former Trump administration adviser Peter Navarro revealed that the ex-president was allegedly deceived into believing that Pfizer’s COVID-19 shot was a “true vaccine” while blaming Antony Fauci for hiding sensitive information regarding the COVID origin. Fauci and Pfizer “didn’t disclose the side effects of that [vaccine]” to Trump, Navarro said in a May 4 podcast…
US Labor Productivity Dips and Costs Surge in First Quarter 2023
Labor productivity fell during the first quarter this year while labor costs rose, posing a challenge to the Federal Reserve as it raises interest rates in an attempt to control persistent, decades-high inflation. Nonfarm business sector labor productivity, which measures the hourly output per worker, declined by 2.7 percent in first quarter 2023, compared to…
Lawmakers Tout Effect of CHIPs Act in US Competition with China
May 5, 2023
admin
ArizonaBob MurphyBusiness & MarketsChinaChina NewsChinese RegimeCHIPS Actcongresseconomic policieseconomyInvestmentMark kellyNational SecurityPoliticsRegional & State NewssemiconductorsSpecial TopicsState NewsTech CompetitionThreat from Communist ChinaTodd YoungUSUS NewsUS-China relations
0 Comment
Last August, President Joe Biden signed the Chips and Science (or CHIPS) Act into law, promising over $50 billion to domestic semiconductor manufacturers to boost domestic production and “counter China.” Pivotal in drafting and negotiating on behalf of the law was Sen. Mark Kelly (D-Ariz.), who beat out Republican candidate Blake Masters in the 2022…
Goldman Sachs Under Federal Investigation for Role in Failed Silicon Valley Bank Fundraising Deal
May 5, 2023
admin
Business & MarketsCompaniescongresseconomic policieseconomyFDICGoldman SachsInvestmentJustice DepartmentMarketsPolicies & ImpactsPoliticsSecurities and Exchange CommissionSilicon Valley BankUS
0 Comment
The Goldman Sachs Group (GSG) is under federal investigation for its attempt to raise money for Silicon Valley Bank (SVB) before its collapse in March. The U.S. investment bank said it was cooperating and providing information to various government agencies in their investigation of SVB in a filing with the Securities and Exchange Commission on May…
SEC Moves to Curb Stock Buybacks, Drawing Criticism From Companies and Investors
May 5, 2023
admin
Business & MarketsCompanieseconomic policieseconomyExecutive BranchInvestmentMarketsPolicies & ImpactsPoliticsSecurities and Exchange Commissionstock buybacksU.S. Chamber of CommerceUS
0 Comment
The Securities and Exchange Commission (SEC) moved to curtail the use of stock buybacks, drawing much criticism from corporate lobbyists. The regulator on May 3 announced changes to share-repurchase disclosure rules that would increase transparency, competition, and efficiency in the $25 trillion marketplace for hedge fund and private equity fund advisors. The new updates will amend Form…
US Economy Adds 253,000 New Jobs in April, Unemployment Rate Ticks Lower
The U.S. economy added 253,000 new jobs in April, up from a downwardly revised 165,000 in March, according to the Bureau of Labor Statistics (BLS). This was higher than the market estimate of 180,000. Employment gains were revised down for February by 78,000 to 248,000 and changed downward for March by 71,000 to 165,000. The…
Recession Fears Drive Down Fuel Demand, Leading to Lower Gas Prices
Uncertainty in the American economy is beginning have an effect on the energy markets and gas prices. Oil prices have declined amid concerns among investors that rising interest rates will push the U.S. economy into a recession. Analysts have expressed concern that a recession will cause oil demand and pump prices in the world’s largest…
Adult Entertainment Industry Group Sues Over Utah’s New Age Verification Law
May 5, 2023
admin
age verificationBusiness & MarketsCompaniesJudiciaryPolicies & ImpactsPornhubRegional & State NewsState NewsUSUS NewsUtah
0 Comment
The state of Utah is being sued over its new age verification law requiring companies that publish adult content to verify users’ ages before allowing them to view material on their sites. The Free Speech Coalition, a trade association for the adult entertainment industry, filed a federal lawsuit on May 3 alongside Andrea Barrica, founder of…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta