Economy Archives - Page 21 of 56

Biden Admin Looking to Block Some Depositions in Big Tech Censorship Case, but Not Fauci’s

Democrat President Joe Biden’s administration is seeking to block the deposition of several key officials in a Big Tech censorship case, but Dr. Anthony Fauci is not one of them. As Slay News reported, a judge recently ordered Fauci, Biden’s top medical adviser, and other high-level officials to testify in…

Japan Announces $485 Billion Spending Package to Counter Soaring Inflation

Japan’s prime minister has announced a massive spending package that seeks to counter the nation's rising inflation. On Friday, Prime Minister Fumio Kishida said that his government will spend about 71.6 trillion yen ($485 billion) on economic stimulus. The spending is aimed at helping households and businesses cope with inflationary…

Elon Musk’s Plans for Free Speech Now He Owns Twitter

Several months after he first made his move, billionaire Elon Musk’s acquisition of Twitter is finally complete. “The bird is freed,” Elon Musk posted on Twitter on Thursday evening after finalizing his purchase of the social media company. But now that he finally owns Twitter, what does it mean for…

Meta Fined $24.7 Million for Violating Campaign Finance Laws in Washington State

Big Tech giant Meta Platforms Inc. has been fined $24.6 million for violating campaign finance transparency laws in Washington state. The ruling is a major victory for state Attorney General Bob Ferguson, who had asked that the judge impose the maximum penalty. Judge Douglass North of King County Superior Court ruled…

Steven Mnuchin Warns America Is in a Recession That Will Continue for Years

Former U.S. Treasury Secretary Steve Mnuchin has warned that America is in the grips of a recession that will now continue for the next couple of years. Mnuchin weighed in on the recession debate by stating that he believes the United States is already in the midst of an economic…

Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually

Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has "confidence" that price pressures will ease “over the next year or two.” Yellen made the remarks during a Monday interview on NBC News. She said there are “good indications” that inflation will eventually drop…

Bernie Sanders Opposes Calls to Eliminate Debt Ceiling as GOP Prepares to Fight Over Spending Cuts

Sen. Bernie Sanders (I-VT), chair of the Senate Budget Committee, has said he opposes calls to eliminate America’s debt ceiling but insists that he supports raising it. “You have to increase the debt ceiling,” Sanders insisted while speaking on CNN’s “State of the Union.” Sanders confirmed “yes, yes,” when asked…

Commercial Barge Lines Struggle as Water Levels Plummet in Drought-Stricken Mississippi River

Water levels in the Mississippi River and continuing to plummet amid drought-stricken conditions, causing major problems for commercial barges that use the waterways. Jeff Worsham is a realist regarding the weather because he believes what he sees. That the regional drought is a bad one, getting worse, is beyond dispute.…

RNC Sues Google for ‘Censorship’ of Republican Emails

The Republican National Committee (RNC) has filed a lawsuit against Big Tech giant Google for the "censorship" of its campaign emails. Google has been increasingly under fire for allegations that its algorithms unfairly target conservative content. The RNC is now taking legal action against Google for allegedly routing the organization’s…

US Housing Recession Deepens as Existing Home Sales Fall to 10-Year Low

As the U.S. housing recession worsens, existing home sales have fallen to their slowest pace in 10 years, according to reports. With the exception of the first few months of the pandemic, home sales have now slowed to levels not seen since September 2012. Sales of homes are 23.8 percent…