Nick R. Hamilton, Author at Slay News

US Sanctions Network for Selling Iranian Oil to China

The United States government has sanctioned an international network of companies accused of violating oil sanctions placed on Iran. The network allegedly sold Iranian oil to China and other countries in east Asia. In a press release, the Treasury Department said it imposed sanctions on the companies. They are accused…

Biden’s Inflation-Tackling Just ‘Theater,’ Top Republican on Ways and Means Committee Warns

The top Republican on the House Ways and Means Committee has warned that Democrat President Joe Biden’s efforts to tame soaring inflation are nothing more than a “political gimmick” and “theater.” Rep. Kevin Brady (R-TX), the Republican Leader on the House Committee on Ways and Means, argues that Biden's proposals—like rolling…

Bank of England Warns Lenders to Prepare for Coming Economic Storm

The Bank of England has issued a warning to lenders to prepare for a coming economic storm. In a warning Tuesday, the bank asserted that the global economic outlook has "deteriorated markedly." International institutions, such as the International Monetary Fund (IMF) and Organisation for Economic Co-operation and Development (OECD), say…

Trump Reveals What Inflation Would Be like If He Were Still President

President Donald Trump has declared that the Biden administration's decades-high inflation would have never happened on his watch. Trump discussed the economy in his Fourth of July message as many American households are battered by soaring everyday costs. In a post on his Truth Social platform, Trump wished his 3.4…

Supreme Court Refuses to Hear Truckers’ Challenge to California’s Anti-Freelancing Law

The Supreme Court turned away a challenge to California’s “radical” worker-classification law that virtually outlaws freelancing. The law bans independent contracting, including independent trucking, and clamps down on the so-called gig economy. The ruling has the effect of ending a temporary stay preventing enforcement of the law, known as AB5,…

Biden Admin to Give Ukraine Another $820 Million in Military Aid

Democrat President Joe Biden's administration has announced a new security assistance package that will send another $820 million in military aid to Ukraine. The assistance comprises of $770 million in Ukraine Security Assistance Initiative (USAI) funds plus an authorization of a Presidential Drawdown (PDA) of security assistance valued at up…

Biden Official: Paying High Gas Prices Helps Preserve ‘Liberal World Order’

A senior Biden administration official has defended high gas prices by arguing that drivers are helping to preserve the "liberal world order." On Thursday National Economic Council Director Brian Deese defended Democrat President Joe Biden’s remarks that U.S. drivers should expect to pay higher prices at the pump until the…

Key Inflation Gauge Drops Slightly But Sticks at More Than Double Fed’s Target

A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve. The Fed’s preferred inflation gauge, the so-called core Personal Consumption Expenditures (PCE) price index, is heavily relied on by the Federal Reserve when setting…

G7 Leaders Struggle to Cope with Damage Caused by Green Energy Agenda

Leaders of the Group of Seven (G7) rich nations are struggling to cope with the damage caused by their green energy agenda. As damage from climate policies escalates, dissent within the ranks over the next steps is now emerging. Reality is starting to intrude on the G7’s ongoing campaign to…

Gas Prices Fall Below $4.90 a Gallon as Recession Fears Mount

Gas prices in the United States have fallen below $4.90 a gallon as fears of an upcoming recession continue to mount. As of Monday, the national average for a gallon of gasoline is $4.897, according to AAA. The price is down from the historic highs of over $5 a gallon seen…