Category: #Economy
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UPS drivers strike in Maine over long hours, extra days during pandemic
United Parcel Service (UPS) drivers began picketing at a distribution hub in Maine this week in an effort to bring attention to the extended hours…
China increases foreign influence efforts on U.S. by 500%
New foreign-agent filings are finally detailing a massive Beijing propaganda operation that’s fueled a sixfold increase in disclosed Chinese foreign influence efforts in the United…
Jobs surprise triggers battle over federal aid
The steady jobs recovery from Covid-19 slowed dramatically in April, stunning Wall Street analysts and raising questions about the strength of the pandemic comeback and…
U.S. economy added 266,000 jobs in April, far below estimates
The unemployment rate rose to 6.1 percent, from 6 percent. Source: https://www.nbcnews.com/business/economy/u-s-economy-added-just-266-000-jobs-last-month-n1266498 Droolin’ Dog sniffed out this story and shared it with you. The Article…
Half of Americans say their taxes are too high, but call them ‘fair’: poll
Half of Americans said that their taxes are too high even though a majority also describe them as fair, according to a new Gallup poll…
Montana’s Republican governor pulls pandemic payments – is he for real?
Greg Gianforte says the financial assistance program is doing more harm than good. You know, Governor, Covid isn’t over yet? The coronavirus pandemic – heard…
Rich countries drained $152tn from the global South since 1960
Imperialism never ended, it just changed form. Source: https://www.aljazeera.com/opinions/2021/5/6/rich-countries-drained-152tn-from-the-global-south-since-1960 Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By:
North Korea faces economic ruin amid food and medicine shortages
Country’s economy battered by more than a year of border restrictions imposed after the Covid outbreak Coronavirus – latest updates See all our coronavirus coverage…
Yellen taps top Fed aide to serve as acting bank cop
Treasury Secretary Janet Yellen has tapped Federal Reserve official Michael Hsu to serve temporarily as one of the nation’s top bank cops, according to two…
Biden administration eyeing long-term increase in food stamps: report
The Biden administration is reportedly looking into increasing long-term food aid for millions of households, building on the temporary expanded benefits that were included as…
McConnell: No Senate Republicans will back Biden on $4T
Senate Minority Leader Mitch McConnell (R-Ky.) said on Monday that he expected no Republicans would support President Biden’s sweeping infrastructure package, indicating GOP lawmakers are…
GOP lawmakers hammer Biden on infrastructure while administration defends spending plan
GOP lawmakers on Sunday made it clear that they were not satisfied with President Biden’s proposed $2.3 trillion infrastructure bill as members of his administration…
Republicans took an ax to Obama’s rules. Democrats are using a scalpel.
Congressional Democrats have finally gotten over their reluctance to repeal one of former President Donald Trump’s regulations — using a legislative tool that Republicans wielded…
Yellen: Asking if tax increases will hurt economy ‘not the right question’
Treasury Secretary Janet Yellen argued in an interview published Sunday that those who question whether any hikes to the corporate tax rate or tax rates paid…
GOP senators quietly meet with White House on infrastructure, happy with what they hear
Top White House officials have quietly been meeting — on the Hill and over the phone — with Republican senators who drafted a counterproposal to…
Biden: Trickle-down economics “has never worked”
During his joint address to Congress on Wednesday, President Biden spoke of the need to tax the ultra-wealthy to fix economic inequality in the U.S….
Not rich? Good news: You’re probably getting a tax cut.
Everyone knows that Democrats want to raise taxes on the rich, but what hasn’t gotten nearly as much notice is how much they’ve cut them…
Smithsonian museums, National Zoo announce reopening dates
The Smithsonian Institution announced Friday that about half of its museums, along with the National Zoo, will reopen in May after shuttering in November because…
Key GOP senators say they’re open to corporate tax increase
Some key Republican senators won’t rule out raising additional revenue from corporations, and told Axios they may be willing to close loopholes that allow big…
Poverty soared to a pandemic high last month
Black poverty was close to double that of the overall rate, and childhood poverty soared to 17.4 percent. Source: https://www.nbcnews.com/business/business-news/poverty-soared-pandemic-high-last-month-n1264692 Droolin’ Dog sniffed out this…
China’s President Xi calls for end to hegemony and demands ‘fair’ world order in veiled jab at the US
The Chinese president has spoken of his wish to see a fairer world which isn’t dominated by a single country as he called for an…
China leads the world with new state-backed digital currency
In a push to dominate global financial technology, the Chinese government is aiming to roll out the world’s first state-backed digital currency. Why it matters:…
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