Frustrated Tesla Founder Elon Musk Threatens to Move Out of California
Elon Musk is likely taking a page out of Trump's workbook, pressuring county officials to reconsider their decision to keep his plant closed. ...
Economics
Nearly 34M Unemployment Claims Filed Since March 1
Though new unemployment claims are dropping week-to-week, they still number in the millions and continue to show the devastating blow from the Chinese...
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Jobless Claims Pass 30M, Almost 10 Percent of U.S. Population
The economy took another massive hit the week ending April 25: Another nearly four million Americans filed for unemployment. ...
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Coronavirus Impacts Food Production; Lockdowns Reduce Demand for Milk, Produce
Some people worry our nation’s food supply chain is starting to break, with meat-packing plants closing and farmers plowing under crops that there...
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Mnuchin: Spending Trillions of Dollars on Coronavirus Relief Will Cause Economy to “Bounce Back”
Treasury Secretary Steven Mnuchin said that the “trillions of dollars” the government is spending on coronavirus relief packages will cause the economy to...
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Another 4.4 Million File for Unemployment, Total Since March 1 Nearing 27M
The grim news on the American job market kept coming this morning with the U.S. Labor Department’s announcement that another 4.42 million Americans...
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Number of Unemployed Jumps 25 Percent to 7M; Rate Now 4.4 Percent
The Bureau of Labor Statistics has announced another of the grim societal sequelae of the Chinese Virus: The number of unemployed Americans jumped...
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Goldman Sachs Predicts 24% GDP Drop; It’s Not All Bad News
Though Goldman Sachs is predicting a GDP drop of close to 25 percent, when all is said and done, and the virus has...
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Federal Reserve Lowers Funds Rate to Zero, Citing Coronavirus Impact
The Federal Reserve cited “the coronavirus outbreak,” which has “disrupted economic activity in many countries” as its reason for lowering the federal funds...
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Oklahoma Enacts Price Controls After Trump’s National Emergency Declaration
Oklahoma may be a strongly “red” state, a state in which no Democrat has carried an Oklahoma county in a presidential election in...
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National Debt Is $122 Trillion, Not $23 Trillion, Says Non-profit Group
While the U.S. Treasury says the National Debt is officially $23.3 trillion, economists say it’s much larger — at least $122 trillion, owing...
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Occupational Licensing Harms Poor, Doesn’t Help Consumers: Report
Occupational licensure does little to enhance consumer safety but much to prevent those at the lowest rung of the economic ladder from improving...
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One Trillion Dollars Repatriated So Far, Reports Commerce Department
According to the U.S. Department of Commerce American companies have repatriated more than a trillion dollars of their overseas profits since Trump’s “tax holiday” was...
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New York Times Claims FedEx Paid Zero Taxes in 2018; FedEx Founder Wants Debate
After the New York Times criticized FedEx for allegedly not paying any taxes in 2018, FedEx founder Fred Smith challenged the Times’ management...
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Latino-owned Businesses Prospering Under Trump Economic Policies
Several recent news reports have noted that Latino-owned small businesses have been thriving under the economic policies implemented by the Trump administration. ...
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