More from Heath Cary
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IRS failed to perform required audits of Trump’s tax returns
For years, Americans couldn’t escape hearing about former President Donald Trump’s tax returns and why, despite years of precedence, he refused to release them. Trump repeatedly cited it was because he was being audited, but a House committee report reveals the IRS actually failed to audit him as president when it was required. According to… -
Biden falsely claims inflation in major economies ‘rising in double digits’
U.S. inflation surprised below expectations in November, slowing for the fifth straight month to a 7.1% annual rate. But when President Joe Biden took to the podium to celebrate the feat, he made a claim that didn’t stack up against statistics. “In a world where inflation is rising in double digits in many major economies… -
Biden touts CHIPS Act success with $40B Arizona semiconductor investment
On Tuesday, President Joe Biden touched down in Arizona to tout a $40 billion investment by one of the world’s largest makers of semiconductors. Taiwan Semiconductor Manufacturing Company (TSMC) is opening a second chip plant in the state, upping its recent Arizona investment of $12 billion. According to TSMC, the $40 billion commitment is the… -
Americans will bet record $1.8 billion on 2022 FIFA World Cup: gambling authority
Americans are expected to bet a record $1.8 billion for the 2022 FIFA World Cup, making it, “the most bet-upon soccer event ever in the U.S.,” according to the American Gaming Association. The gambling authority predicts more than 20 million Americans plan to place bets throughout the month of play. Worldwide, gamblers wagered around $160… -
FTX catastrophe could be turning point for cryptocurrency regulation
The collapse of cryptocurrency exchange FTX is unprecedented, and in some ways, unbelievable. As the firm seeks bankruptcy protection, at least $1 billion in customer funds is missing, according to a Reuters report. A bankruptcy court filing revealed debtors have been in contact with the U.S. attorney’s office, the Securities and Exchange Commission, the Commodity Futures… -
Meta executes major layoffs as worries grow over another dot-com crash
Tech stocks have had a terrible, horrible, no good, very bad year. Take Meta, which announced Wednesday it is laying off 13% of its staff, or more than 11,000 employees. The company’s stock is down about 70% in 2022 amid declining sales and profit and rising expenses. And while Meta’s year may be exceptionally bad… -
The economy is voters’ top issue. Here’s how it’s changed since the 2020 election.
The fact that the economy is the top issue for voters this election comes as no surprise. The rise in consumer prices and the Federal Reserve’s efforts to fight inflation spare no American. While hot button issues usually divide the political aisle, 79% of respondents in a Pew Research survey list the economy as being… -
Why the Fed’s favorite inflation gauge is much lower than better known CPI
Inflation is synonymous with the consumer price index, which comes out less than two weeks after the end of each month. But there’s more than one way to measure inflation, and CPI is not the Federal Reserve‘s favorite one. When Fed Chair Jerome Powell says “My colleagues and I are strongly committed to bringing inflation… -
Winds of change: Wyoming wind farms threaten golden eagle population
The golden eagle population in the United States is at risk of decline, according to biologists. Some of the greatest threats to these raptors are electrical lines, bullets, cars and wind turbines. While many of these hazards are entrenched in society, wind farms are a recent addition. “Because this is a new technology and something… -
Why some lawmakers favor ranked-choice voting
Ranked-choice voting has been around for centuries, but in the last two decades, Americans have adopted the system in several cities, counties, and states. The process has received praise from Democrats and criticism from some Republicans this midterm cycle. “We believe ranked-choice voting improves elections for everyone,” said Deb Otis, Director of Research at Fair… -
FBI’s Brian Auten under scrutiny for role in Trump, Biden investigations
The FBI played a major role in high-profile investigations during the last two presidencies. Analyst Brian Auten has been at the center of them all. He played part in the Trump-Russia probe, Hunter Biden laptop investigation, and is now reportedly involved in the investigation of classified documents stored at President Donald Trump’s Mar-a-Lago estate. Chuck… -
Student loan relief will increase inflation, wipe out Inflation Reduction Act benefits
Economists expect President Joe Biden’s sweeping student debt relief action will add fuel to the inflationary fire already facing the nation. On Wednesday, the president announced plans to cancel between $10,000 and $20,000 in student loan debt for borrowers earning less than $125,000 a year. The White House estimates roughly 43 million Americans will qualify…