Money & The Economy
News on Finance, Money, markets and the economy
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Bloomberg Article Misleads by Omitting Key Detail about Economists Surveyed on $15 Minimum Wage
Bloomberg News recently ran a profile of Arin Dube, a Professor of Economics at the University of Massachusetts, Amherst. The…
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Study: Lockdowns Had Largest Impact in Destroying Economic Activity
The world may be nearing the end of the coronavirus pandemic (at least we can hope), but the post mortems…
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New Jobless Claims Decrease To 779,000, Economists Expected 830,000
The number of Americans filing new unemployment claims decreased to 779,000 last week as the economy continued to suffer the…
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In Defense of Hedge Funds and Short Selling: GameStop, Reddit, and Robinhood
Does Wall Street gain at the expense of the little guy? Yes. Is this gain via hedge funds and short…
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Robinhood Has Received Billions From Silicon Valley Investors
Robinhood, the day-trading app that has recently been criticized for restricting the trading of certain stocks after amateur traders drove…
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The economy tanked last year. What will happen this year?
Recently released data from the US Department of Commerce indicates that GDP declined by 3.5% last year. That is the worst…
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Local Grocery Stores Close as California ‘Hero Pay’ Ordinance Backfires
A new “Hero Pay” mandate in Long Beach, California has inadvertently cost some frontline grocery workers their jobs. “Ralphs and…
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‘Giving A Drowning Man An Anchor’: Jobs Creators Network CEO Discusses $15 Minimum Wage
Alfredo Ortiz, the CEO and president of the Jobs Creator Network, spoke with the Daily Caller News Foundation’s Samantha Renck…
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What Comes Next For Robinhood And Reddit After Last Week’s GameStop Trading Frenzy?
Legal experts don’t think Robinhood has much to fear from the class-action lawsuit filed after it restricted buying access to…
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Why Corporations Should Cater to Consumers, Not Causes
It is not uncommon to hear in any business course that consumers vote with their dollars, and sales signal approval.…
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Landlords Are Struggling to Make Ends Meet as CDC Extends Eviction Ban
With so many Americans out of work and unable to pay their rent, the Centers for Disease Control and Prevention…
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Corporations That Support The $15 Minimum Wage Can Afford It. Here’s Who Can’t
Large corporations have endorsed and lobbied for a $15 federal minimum wage in recent years, but while they can afford…
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New York Young Republicans Plan ‘Re-Occupy Wall Street’ Event Over Claims Of Corruption
The New York Young Republicans are planning a “Re-Occupy Wall Street” event in New York City after allegations that popular…
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Puerto Rico’s Effective Minimum Wage Would Be $68/Hour Under Biden Plan
Puerto Rico has had a long history of being harmed by Washington overreach. The island was once home to a…
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Is Ontario’s Hand Sanitizer Shortage an Example of Market Failure?
There are many annoyances that come with living through a pandemic, but perhaps one of the most aggravating experiences is…
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