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Business/Economy (News/Activism)

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  • New York City Councilwoman Blasts Mayor Eric Adams, Demands Permanent Housing for Immigrants

    05/14/2024 11:26:10 AM PDT · by ChicagoConservative27 · 10 replies
    Breitbart ^ | 05/14/2024 | WARNER TODD HUSTON
    New York City Councilwoman Shahana Hanif blasted Mayor Eric Adams (D) for his temporary tax-supported immigrant housing policies, suggesting instead that taxpayers pony up for permanent housing for immigrants. On Thursday, Hanif accused Adams of not wanting “New Yorkers to be happy” and denying them the chance to enjoy “permanent, dignified housing.” “The administration just does not want New Yorkers to be happy — plain and simple,” the Democrat told NY1. Adams has been working to enforce limits on shelter time for illegal aliens, threatening to evict them after 30 days for singles and 60 days for families. Adams began...
  • New York Times Poll: No Chance Majority Would Vote for Joe Biden

    05/14/2024 9:07:01 AM PDT · by ChicagoConservative27 · 38 replies
    Breitbart ^ | 05/14/2024 | WENDELL HUSEBØ
    A majority of swing state voters said there is “not really any chance” they would cast a vote for President Joe Biden, a New York Times/Siena/Philadelphia Inquirer poll recently found, underscoring Biden’s tough road to reelection. The poll asked respondents, “Would you say there’s some chance you will support Joe Biden or not really any chance?” 52 percent said not really any chance Four percent said some chance Two percent did not know Among the 52 percent who said there was no chance they would vote for Biden, nine percent voted for Biden in 2020, and seven percent considered themselves...
  • Biden signs into law ban on Russian nuclear reactor fuel imports

    05/14/2024 8:49:15 AM PDT · by McGruff · 19 replies
    REUTERS ^ | May 13, 2024 | Timothy Gardner
    President Joe Biden signed into law a ban on Russian enriched uranium on Monday, the White House said, in the latest effort by Washington to disrupt President Vladimir Putin's invasion of Ukraine. The ban on imports of the fuel for nuclear power plants begins in about 90 days, although it allows the Department of Energy to issue waivers in case of supply concerns. Russia is the world's top supplier of enriched uranium, and about 24% of the enriched uranium used by U.S. nuclear power plants come from the country. The law also unlocks about $2.7 billion in funding in previous...
  • Stormy Daniels wore bulletproof vest to get to court over fears of what ‘some nut might do to her’: attorney

    05/14/2024 7:46:55 AM PDT · by ChicagoConservative27 · 57 replies
    NY Post ^ | 05/14/2024 | Isabel Keane
    Porn star Stormy Daniels wore a bulletproof vest to get to court to deliver salacious allegations about Donald Trump because she feared what “some nut might do to her,” according to her attorney. Daniels, 45, was “paralyzed with fear” before her two days testifying to her alleged fling with Trump that is at the heart of his criminal hush money trial, her attorney, Clark Brewster, told CNN late Monday. “She was concerned about the security coming in to New York,” Brewster told CNN on Monday. “She wore a bulletproof vest every day until she got to the courthouse,” he said,...
  • Ron DeSantis reportedly plans to raise money for Donald Trump in Florida and Texas, AP sources say

    05/14/2024 6:38:37 AM PDT · by V_TWIN · 24 replies
    actionnewsjax.com ^ | May 13, 2024 | By ActionNewsJax.com News Staff and Associated Press
    <p>DES MOINES, Iowa — Florida Governor Ron DeSantis is gearing up to lend a financial hand to former President Donald Trump, marking a significant shift in their political relationship, according to AP sources.</p><p>Two people familiar with the matter, who spoke on anonymity, disclosed that DeSantis is set to start fundraising efforts for Trump in the upcoming weeks, aligning with his pledge made during a recent meeting with the former president.</p>
  • Go Woke, Go Broke: Ford Announces Mind-Bogglingly Huge Losses on Each EV Sold in 2024

    05/14/2024 6:47:01 AM PDT · by bitt · 36 replies
    https://www.westernjournal.com/ ^ | 5/14/2024 | Anthony Altomari
    Ford’s attempt to electrify its revenue through electric vehicle production has been a swing and a miss. In response to the decreasing market for EVs, Ford has begun cutting orders from its battery supplies, according to Bloomberg. Even though this changeup will be beneficial in the long run, Ford will not come out of its EV experiment unscathed. Sources told Bloomberg that Ford lost over $100,000 per EV in the first quarter of 2024, more than double its deficit from last year. The news comes as the EV market across the country has taken a hit in 2024. The Associated...
  • Wholesale inflation unexpectedly jumps again to highest level in a year

    05/14/2024 6:04:08 AM PDT · by ChicagoConservative27 · 44 replies
    foxbusiness ^ | 05/14/2024 | Megan Henney
    Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame. The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month. On an annual basis, prices remain up 2.2% — the highest level since April 2023. While the monthly gain is notably higher than the 0.2% increase forecast by LSEG economists, the headline figure is in line with expectations.
  • Red Lobster is abruptly closing dozens of restaurants

    05/14/2024 5:21:20 AM PDT · by Red Badger · 95 replies
    CNN ^ | May 14, 2024 | Nathaniel Meyersohn, CNN
    Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster restaurant inventory, including kitchen equipment, furniture, tables and chairs. The auction begins Monday and continues through Thursday, according to company founder Neal Sherman. Red Lobster locations in Buffalo, Orlando, Jacksonville and other cities were listed as “temporarily closed” on Red Lobster’s website, according to local news reports. Red Lobster did not respond to CNN’s requests for comment. The company has around 650 locations. Red Lobster is reportedly considering filing...
  • U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base

    05/14/2024 3:58:48 AM PDT · by McGruff · 15 replies
    NBC News ^ | May 14, 2024 | Dylan Butts
    President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns. The company, MineOne, acquired the real estate in June 2022, placing its operations within a mile of Francis E. Warren Air Force Base, a “strategic missile base and key element of America’s nuclear triad,” according to the White House. The company’s site contained “specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities,” the presidential order said.
  • Chicken farmers stuck with uncertainty, massive loans in wake of Tyson Foods closures

    05/14/2024 1:19:56 AM PDT · by CFW · 32 replies
    Missouri Independent ^ | 5/10/24 | JOHN MCCRACKEN
    Timothy Bundren must have heard wrong. The sun wasn’t up yet. He was still groggy from starting his morning routine of walking through chicken barns. His phone rang and his contact with the global meat company headquartered in Springdale, Arkansas, just two hours south of his farm, started telling him he would no longer be raising chickens. Bundren, 52, didn’t believe him at first. Just hours later, he was supposed to meet with the bank about another loan to buy the farm down the road. Bundren waited an hour and then called the man back. The news didn’t change, but...
  • ‘I am starting to panic about my child’s future’: climate scientists wary of starting families

    05/13/2024 7:49:22 PM PDT · by DoodleBob · 55 replies
    The Guardian ^ | May 10, 2024 | Damian Carrington
    “I had the hormonal urges,” said Prof Camille Parmesan, a leading climate scientist based in France. “Oh my gosh, it was very strong. But it was: ‘Do I really want to bring a child into this world that we’re creating?’ Even 30 years ago, it was very clear the world was going to hell in a handbasket. I’m 62 now and I’m actually really glad I did not have children.” Parmesan is not alone. An exclusive Guardian survey has found that almost a fifth of the female climate experts who responded have chosen to have no children, or fewer children,...
  • Portugal is no longer a problem for Europe

    05/13/2024 8:52:35 PM PDT · by Cronos · 4 replies
    El Pais ^ | 13 May 2024 | Terexia Constenla
    The economy is experiencing a golden moment thanks to exports and tourism after cleaning up its accounts. But the country has paid a price in migration of qualified workers and reduction of public services. Ten years after the departure of the “men in black” — the international managers of the European Commission, International Monetary Fund and European Central Bank who cleaned up Portugal’s accounts with a machete, the country has emerged as the most diligent student in southern Europe. In 2023, for the first time, public debt fell below 100% of GDP (it stood at 98.7%) and there was a...
  • Don't Listen to the Libs: America Has up to 485 Years of Fuel Remaining, According to New Report

    05/13/2024 7:25:17 PM PDT · by bitt · 30 replies
    https://www.westernjournal.com/ ^ | 5/13/2024 | Mike Landry
    When are we going to run out of energy? You don’t hear that as much as you used to, since Those Who Know Best are working to plug up all our energy sources anyway. Most energy sources put out carbon dioxide, and that’s going to make all the plants grow and devour us all, or it will heat the planet up and make Minneapolis a desert — and we’ll all fry. Or something. But we don’t hear much any more about running out of energy. What do the experts say about it? “According to the U.S. Energy Information Administration’s (EIA)...
  • Yellen: We Need Tariffs to Protect ‘Stimulus’ from ‘Inflation Reduction Act’

    05/13/2024 6:37:15 PM PDT · by ChicagoConservative27 · 12 replies
    Breitbart ^ | 05/13/2024 | Ian hatchett
    During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen commented on President Joe Biden’s reported forthcoming announcement of increased tariffs on China by stating that the move is being made because President Joe Biden wants to protect “the stimulus that’s being provided through the Inflation Reduction Act” to support certain industries.
  • A population boom is reshaping this 'affordable' California region

    05/13/2024 2:46:54 PM PDT · by NohSpinZone · 25 replies
    SF Gate ^ | 5/13/2024 | By Farley Elliott
    Word has been out about the Inland Empire region of California for a while now. The large, multi-county area east of Los Angeles and Orange County has seen a ton of new investment and overall growth in recent years, spurred on partly by coastal renters moving east to buy standalone homes in one of Southern California’s last “affordable” regions. Now, new population numbers released by the state further back up all that talk. Last week, the California Department of Finance released its annual report on population and housing estimates statewide, and the data shows that the Inland Empire is very...
  • NYC Property Tax Lawsuit Is Back On, High Court Rules

    05/13/2024 2:38:28 PM PDT · by texas booster · 7 replies
    The City Scoop ^ | March 19 2024 | Greg David
    This article is posted in its entirety after a podcast from Bloomburg discussed the unfair NYC property tax system.New York City’s notorious property tax system — which places a higher burden on rental properties and advantages affluent white areas at the expense of lower-income neighborhoods of color — appears headed for a major overhaul.The state’s highest court voted 4-3 on Tuesday to reinstate a lawsuit by a coalition called Tax Equity Now New York that sought to have the convoluted system declared illegal.The Court of Appeals revived two claims from the suit, which had previously been dismissed by lower courts....
  • Poll: Majority of Voters Say Biden’s Economy Crippled Their Finances

    05/13/2024 2:17:06 PM PDT · by ChicagoConservative27 · 27 replies
    Breitbart ^ | 05/13/2024 | WENDELL HUSEBØ
    A majority of voters (51 percent) believe their financial position is worse off under President Joe Biden’s economic policies, a Financial Times/Michigan Ross poll recently found. Biden’s poor economy for Main Street is the number one issue facing voters in the 2024 election. The average Wisconsin family lost $21,981 because of the increased cost of living under Biden, the Republican National Committee estimated in May. In Biden’s America, a McDonald’s Big Mac burger, a medium beverage, and a medium fry meal costs $18 in some locations, up $10 from 2018 when former President Donald Trump was in office.
  • Nolte: Democrat-Run California About to Get Hit with 50 Cent per Gallon Gas Tax

    05/13/2024 11:53:41 AM PDT · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 05/13/2024 | JOHN NOLTE
    In today’s edition of Getting What You Vote For, the dummies in California are about to get hit with a 50 cent per gallon gas tax. Remember, California voters have handed the Democrat party full power over the former Golden State. Democrats run everything from the governorship on down. Democrats not only hold majorities in the state legislature, they hold veto-proof majorities. In other words… Republicans are powerless in California. And so… According to Triple-A, the average cost of a gallon of gas in California today is $5.29. That’s nearly $1.70 more than the national average. In some parts of...
  • Slimmed-down ‘skinny home’ slips onto the DC market for under $600K

    05/13/2024 11:27:14 AM PDT · by ChicagoConservative27 · 36 replies
    NY Post ^ | 05/13/2024 | Kellie Speed
    We all know what tiny homes are, but have you ever heard of a skinny home? What originally began as plans to construct a single-family residence in Washington, DC, suddenly shrank when the city unexpectedly changed its zoning laws. “The developer bought the property, thinking it could be a four-story home that was 15 feet wide; but the city changed the zoning laws, so he had to build this skinny home in its place,” says listing agent Jennifer Young, of Keller Williams Chantilly Ventures. “It had to be scaled down to almost half the width. This home is now just...
  • How Texas became the hottest grid battery market in the country

    05/13/2024 11:04:59 AM PDT · by TexasKamaAina · 34 replies
    Canary Media ^ | 05/13/2024 | Julian Spector
    States like California, New York, and Massachusetts have passed climate policies specifically intended to jump-start this battery industry. But this year, for the first time ever, the fastest-growing energy storage market appears to be Texas, a free-market-affirming red state that officially cares little about solving climate change. Nonetheless, the state’s low-regulation, business-friendly landscape has created ideal conditions to build batteries quickly and at scale, just like it previously incubated thriving wind and solar markets.