Economy Archives - Page 54 of 58

As the Economy Slides, Chinese Communist Party Seeks ‘Stability’

The Central Economic Work Conference, the Chinese Communist Party’s annual event where top officials discuss economic priorities for the next year, concluded on Dec. 10. The meeting was highly anticipated as China faces significant economic headwinds going into 2022. The phrase “stability” emerged as the key theme of this meeting,…

Elon Musk ‘Thinking of Quitting’ His Jobs

The world's richest man, Elon Musk, says he’s considering "quitting" his jobs "and becoming an influencer." “Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk, the chief executive officer (CEO) of Tesla Inc. and SpaceX, said in the Twitter post, without elaborating. It was not immediately clear…

Lindsey Graham Slams Biden’s ‘Madness’: ‘Build Back Better Is a Death Blow to Our Economy’

Republican Sen. Lindsey Graham (R-SC) said he was vindicated when he saw a CBO score of Democrat President Joe Biden’s latest spending boondoggle. The score shows Biden's plan would add another $3 trillion to the deficit over 10 years if the spending was permanent. He held a press conference to…

Business Travelers Fearful as Omicron Disrupts Flights in Europe’s Biggest Airport

London’s Heathrow Airport said that renewed travel restrictions made on the discovery of the Omicron COVID-19 variant is stoking fears among passengers, especially business travelers, who worry they won’t be able to get back home. According to the latest figures published Friday, the demand for air travel, which had started…

Former Ambassador Calls on Advertisers to Boycott China Olympics: ‘Don’t Just Listen to Dollars’

A former U.S ambassador has called on top American advertisers to boycott the Winter Olympic games in Beijing over the Chinese Communist Party's many human rights abuses. Olympic sponsors should “listen to their hearts”—not dollars—and stand up to boycott the upcoming Beijing Winter Olympics, said Sam Brownback, former U.S. Ambassador-at-Large…

USPS Preparing to Ship 12 Billion Items This Holiday Season

The U.S. Postal Service (USPS) has revealed in its latest forecasts that it is preparing to process, ship, and deliver billions of items this Christmas. According to the independent government agency, 12 billion letters, cards, and packages will be sent across the country this holiday season, with more than two-thirds…

Communist China Cuts Banks’ Reserve Requirements in Effort to Stimulate Slowing Economy

The Chinese Communist Party’s central bank has announced it will cut the amount of cash that banks must hold in reserve, according to reports. The move will unlock $188 billion in long-term liquidity to shore up slowing economic growth. The People’s Bank of China (PBOC) said on its website on Dec.…

Communist China Extends Global Mining Dominance, Begins Processing Key Resources

The Chinese Communist Party (CCP) is launching a rare earth metal company as it seeks to extend China's global dominance in mining. The CCP has approved the creation of the “China Rare Earth Group” that will oversee the nation's processing of key resources. The government corporation could launch by the…

Trump Announces $1 Billion ‘PIPE’ Investment in New Media And Technology Group

President Donald Trump has announced a staggering $1 billion of investment in his new social media company that's expected to take on Big Tech in 2022. Trump’s new company, Trump Media & Technology Group Corp. (TMTG), announced it has received a commitment of $1B from an unidentified “diverse group of…

NC Senate Passes ‘Zuck Bucks’ Bill to End Private Donations to Local Election Boards

The North Carolina Senate has passed a bill that seeks to ban private funding of state and county election boards. The push for Senate Bill 724, also known as “Zuck Bucks,” came from what some have described as a record amount of private funds flooding into the 2020 election. If…