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Can you imagine how difficult the past two years would have been without the hard-working members of the service industry? I can’t. If those people hadn’t reported for duty to make deliveries, stock grocery shelves, and maintain the trains, trucks, and planes that our economy relies on so heavily, the pandemic would have been exponentially…
Tension continues to build between Russia and Ukraine, as more than 100,000 Russian troops have amassed along the Ukrainian border. Meanwhile, the United States and NATO are also working to prevent a Russian invasion, threatening ‘swift and severe action’ if Russia acts. America has started sending military aid to Ukraine while threatening sanctions against Russia. The White…
The Congressional Progressive Caucus has set a new deadline for passing President Biden’s Build Back Better Bill. “We are calling for President Biden and Senate Democrats to pass the Build Back Better Act by March 1, so the President can use the power of the State of the Union platform to share with the nation the…
With multiple bills from both chambers and both parties, the calls to limit or ban members of Congress from trading stocks while in office are gaining support. There are three bills addressing the issue: one from Senator Josh Hawley (R-MO), another from Senators Mark Kelly (D-AZ) and Jon Ossoff (D-GA), and a third from House…
For the first time since the start of the pandemic, the Federal Reserve said it’ll soon be ready to raise its benchmark interest rate, which has been sitting near-zero for nearly two years. When that happens, it’ll be the first rate increase since 2018. The news broke Wednesday afternoon after the committee’s 2-day policy meeting.…
The Federal Reserve is formulating its plan to fight crippling inflation this week, and the uncertainty has the stock market going haywire. The board is meeting Tuesday and Wednesday to determine when to start hiking the central bank’s benchmark interest rate, which has been near-zero since the start of the pandemic. Many firms anticipate the Fed may…
We keep hearing about the inflation problem and with good reason. Inflation has hit 7%, the highest level we’ve seen in 40 years, and it’s led Federal Reserve Chair Jerome Powell to take major criticism as he looks to get it under control. Stocks rebounded a bit after shedding 11% since the start of 2022,…
The stock market launched a major comeback in the final trading hours Monday after a brutal trading day that was set to break negative records. In the end, all major indexes ended in the green. Earlier Monday, the Dow Jones Industrial Average thrashed around, shedding more than a thousand points before surging back to end…
President Joe Biden wrapped up the last day of his first year in office taking questions from 30 reporters in a White House news conference. It marks just the 10th news conference Biden has held in his first year as president. For comparison, former President Donald Trump held 21 news conferences in 2017 alone, according…
He’s telling lies and criticizing members of his own party, so it’s no surprise President Biden’s approval ratings are dropping to catastrophic levels. The recent Quinnipiac poll shows the president’s approval at 33% overall, 25% among independents, 28% among Latinos, and 24% approval with young Americans. There’s a laundry list of reasons for these low numbers,…
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