Financial News

Record Increase For Social Security Recipients!

Recipients of Social Security may receive the biggest cost-of-living adjustment (COLA) in 40 years causing check recipients to receive a nice “raise” next year. On Tuesday, the Senior Citizens League, a group that lobbies for seniors, released inflation figures for August, noting the diminishing buying power of retired Americans. American’s inflation is at an 8.3% annual rate as of August ...

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Ocasio-Cortez Caught Hiding Income

Rep. Alexandria Ocasio-Cortez (D-NY) spokeswoman has openly admitted that she is breaching the congressional financial disclosure rules. Ocasio-Cortez who was supposed to report her 2021 finances to the House Ethics committee on Aug. 13 has not yet done so. Eleven days later and the public does not have a clear idea of Ocasio-Cortez’s financial status. According to her spokeswoman, Ocasio- ...

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Elon Musk and Jeff Bezos Agree That Joe Biden is to Blame for Inflation

Billionaire “space tycoons” Elon Musk and Jeff Bezos do not concur on much; in fact, they are generally at odds, tossing barbs at one another. However, in an unusual moment of agreement, they both blame the government and specifically Joe Biden, for the country’s rampant inflation! The two usually combative CEOs are in lockstep in pointing the finger of blame ...

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Higher Home Prices Cause Pending Home Sales To Fall

Pending home sales unexpectedly fell in the month of November as homebuyers were hesitant to buy due to higher prices. The National Association of Realtors’ pending home sales index, which tracks the number of homes that are under contract to be sold, slipped 2.2% to 122.4 in November on a monthly basis. The latest reading came in short of the 0.5% ...

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Top 1% Now Has More Wealth Than Entire Middle Class

In some ways, we sympathize with Neel Kashkari’s fake “concern” about the unprecedented wealth inequality that has emerged in the US in recent years and which has resulted in a slow, methodical and relentless destruction of the US middle class … or rather make that precedented because there was another time when the top 0.1% had amassed as much wealth and it was ...

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Is the Global Tax Rate A Good or Bad Idea?

As economic woes deepen across the globe from breaks in the supply chain, rising inflation rates and debt defaults, the one thing leaders from around the world seem to agree on is that there should be a global minimum tax rate for all wealthy companies to pay their fair share back to the people and governments that they serve.  Looking ...

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House Dems Want to Shove Mass Amnesty into COVID Stimulus Bill

House Democrats, along with the Biden administration, seem increasingly bent on ignoring the demands of Republicans and moving forward with a COVID stimulus bill that throws all caution to the wind. In doing so, they are apparently taking some pretty extraordinary liberties under the umbrella of “pandemic relief.” For instance, a group of more than 100 House Democrats want House ...

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Bipartisan Group of Senators Pushes Back on Biden’s $1.9 Trillion Stimulus

In a conference call with the White House this weekend, a bipartisan group of senators reportedly pushed back against some aspects of President Joe Biden’s $1.9 trillion COVID stimulus package, with some of them concerned that the proposal will involve putting too much money in the pockets of “high-income Americans” who aren’t struggling. “The 75-minute call, set up by Sen. ...

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The Squad Outraged at Joe Biden’s Bait-and-Switch Stimulus Plan

Joe Biden has not been sworn into the presidency yet, but he’s already drawing scorn from the most radically-left members of Congress. In separate tweets this weekend, members of the so-called “Squad” have lashed out at Biden’s proposal to send $1,400 checks to most Americans. While Biden has argued that, when combined with the Trump stimulus checks, these new payments ...

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