Economy Archives - Page 17 of 58

Democrats Push for Referendum on Puerto Rico Statehood

Congressional Democrats are pushing for a referendum to vote on giving the unincorporated U.S. territory of Puerto Rico statehood. Led by Rep. Raúl Grijalva (D-AZ), the U.S. House of Representatives passed the “Puerto Rico Status Act” in mid-December. While mostly symbolic, the bill could be brought up again in the new…

General Motors Is Funding Transgenderism Efforts in Children’s Classrooms

Automotive giant General Motors (GM) is funding efforts to promote transgenderism in children's classrooms. GM provided a grant to a pro-transgender organization that supplies schools with children’s books that support its ideology. The funding has been used to push the ideology in kindergarten and elementary school classrooms. According to its…

$3.5 Billion of FTX Customer Assets Being Held by Bahamas Regulators

Regulators in the Bahamas are holding on to $3.5 billion worth of FTX assets that it claims are intended to be transferred to those who were monetarily affected by the crypto-fallout as customers of the company have filed a lawsuit to get their dues prioritized. After crypto exchange FTX filed…

America’s Strategic Petroleum Reserve Falls to Lowest Level Since 1983 as Gas Prices Rise Again

The Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983, as oil and gas prices rose again last week. The Biden administration has tapped over 240 million barrels from the SPR this year to lower domestic gas prices, which have been rising since the president took office. President…

China’s Manufacturing Industry Is Rapidly Collapsing

China's world-dominating manufacturing industry is rapidly collapsing as multiple factors weigh heavily on the Chinese economy. China's emergence as a global superpower has been one of the most noteworthy geopolitical and economic developments in modern history. However, the miraculous rise of the once-ascendent communist nation could lose tremendous momentum. The…

10 Million Seniors Still Paying Monthly Mortgage Payments, Report Shows

Over 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, a new report from Lending Tree indicates. Lending Tree, an online loan marketplace for mortgages, small businesses, and other loans, analyzed the latest U.S. Census Bureau data…

Target Limits Purchases of Children’s Medicines over Christmas Concerns of ‘Tripledemic’

Department store chain Target has decided to restrict the sales of over-the-counter pain and fever medication for children. The move comes as the United States faces the challenge of a “tripledemic” and health care systems struggle with drug shortages. “Tripledemic” refers to three illnesses—COVID-19, flu, and respiratory syncytial virus (RSV)—that…

Elon Musk Says ‘Almost Every Conspiracy Theory about Twitter Turned Out to Be True’

Twitter boss Elon Musk has claimed that nearly every "conspiracy theory" about the social media platform has now "turned out to be true." Musk made the comments during an interview on the “All-In” podcast, where he also discussed the so-called “Twitter Files” that were initially released earlier this month via independent…

Cybersecurity Expert Warns Big Tech Is Eliminating Human and Civil Rights by Proxy

Cybersecurity expert Rex Lee has warned that Big Tech firms have become instruments to suppress human and civil rights worldwide. “They now become arms of the government [agencies], no different than an informant who is informing on people to a secret police force,” Lee, a security adviser at My Smart…

$15-an-Hour Minimum Wage Gaining Steam in 23 US States

Twenty-three U.S. states are now on the verge of implementing a $15-an-hour minimum wage, according to reports. Historically high inflation growth has been surpassing wage gains over the past year, leaving millions of American workers struggling to pay their bills. The price of goods is now at a 40-year historical…