Money & The Economy
News on Finance, Money, markets and the economy
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New National ‘Report Card’ Shows Public Schools Are Failing in One Huge Way
Students often face punishment from parents when they get a bad report card. But what happens when our school system…
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Labor shortage! The real unemployment rate is probably under 4%
According to the Commerce Department, the current unemployment rate is 6.1%. That’s up slightly from the 6% rate recorded in March. Surprisingly…
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Amazon To Acquire MGM Studios For $8.45 Billion In Mega Media Deal
Amazon acquired MGM Studios for $8.45 billion in a mega-deal that will bolster Amazon’s entertainment profile, the companies announced Wednesday…
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We Just Got Proof that Americans, Not China, Are Paying for the Tariffs
President Trump famously (and falsely) said that “trade wars are good and easy to win.” But we now have confirmation…
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Here Are the 10 States Where You’ll Pay the Highest Lifetime Taxes
In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average…
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Remote Learning Will Cause Long-Term Economic Damage Worth Trillions, Study Claims
Remote school learning will cost the U.S. economy more than $1 trillion and will hamper gross domestic product growth by…
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Bitcoin Uses Half the Energy of the Banking System: New Paper
Elon Musk recently sent bitcoin prices plummeting when he announced that Tesla would no longer accept the cryptocurrency, citing concerns…
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Here’s Why San Francisco is Experiencing a Shoplifting Surge That’s Putting Some Stores Out of Business
“I’m new to San Francisco,” New York Times journalist Thomas Fuller told a grocery store clerk shortly after moving to…
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Senate Republicans Expand Investigation Into ‘Woke Mission Creep’ Of Federal Reserve
Senate Banking Committee Republicans have expanded an investigation into regional Federal Reserve banks over their alleged “woke mission creep.” “This…
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Biden Economy: Top Economists Expect Inflation To ‘Accelerate Strongly’ In Coming Weeks
Economists expect inflation to “accelerate strongly” in the coming weeks and months, but said consumer prices would eventually moderate. The…
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Fed Must Act Now: Inflation Psychology Is Building.
Since January, the inflation rate has been almost 6%. The rate has been around 2% or so for the last…
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Stossel: Stop Calling It a ‘Labor Shortage.’ It’s an Incentive Shortage
It’s no secret that US businesses are struggling to find workers. Recent surveys have shown that small businesses are reporting…
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Consumer Prices Outpace Americans’ Wage Growth As Inflation Surges
Massive government spending has decreased the value of the American dollar and triggered increased consumer prices, which economic experts said…
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Colonial Pipeline CEO Reveals Why He Paid Millions To Eastern European Hackers
Colonial Pipeline decided to pay a multimillion-dollar ransom to hackers for the good of the country, the gas company’s CEO…
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Are China & the US Government Colluding to Attack Bitcoin, Cryptocurrencies?
Two pressures, both based on false-narrative and self-serving fear-mongering, saw cryptocurrencies dive overnight. The first in an announcement by China,…
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