New York | September 21, 2021
Stuart Varney: Fox Business Network set to launch new primetime lineup ‘all about America’s greatness’
New York | September 21, 2021
Fox Business Network will debut a new primetime programming slate on Monday, “FBN Prime,” that will feature even more Stuart Varney when “American Built” debuts at 9 p.m. ET. “The new primetime lineup is all about America’s greatness and it’s designed to open up our viewers to a point of view that is patriotic, pro-America and pro-capitalism,” Varney told Fox News Digital. “That’s what we’re doing.” “American Built with Stuart Varney” will air each Monday as FBN’s top-rated host dives into the design and ingenuity of iconic American landmarks. “It’s the story of America’s brilliant engineers who opened up a whole continent and made it livable,” Varney said. “It’s a story of problem solving, innovation and enormous perseverance.”…. (Excerpts from Fox Business)
District of Columbia, New York, Vermont | August 12, 2021
What’s Inside Sen. Sanders’ $3.5 Trillion Budget
District of Columbia, New York, Vermont | August 12, 2021
On Aug. 11, Senate Majority Leader Chuck Schumer (D-N.Y.) publicly released the full text of Sen. Bernie Sanders’ (I-Vt.) $3.5 trillion budget proposal. A few hours later, the Senate narrowly confirmed the budget 50-49. Now, the budget must win approval from the House of Representatives after they return from their recess.
The outline is expected to be the first step in the Democrats’ ambitious plans for increased Federal spending on “human infrastructure,” including education, health care, and housing initiatives. However, the resolution does not include an increase to the debt ceiling, setting the stage for another political battle when Congress returns.
On Aug. 9, Sanders discussed the components of this ambitious plan on the Senate floor, saying that that the $3.5 trillion budget proposal and reconciliation bill would be “the most consequential and comprehensive piece of legislation for working people… that [the Senate] has addressed since Franklin Delano Roosevelt.”
Some of the expenses in Sanders’ budget are nothing new—around $800 billion annually for national defense, $70 billion annually for international affairs and foreign aid, $45 billion for research, NASA, and other scientific pursuits, and $20 billion in subsidies for farmers. Still, many of the expenses listed here are new and ambitious… (Excerpts from the Epoch Times)
New York | August 10, 2021
Inflation wiped out America’s pay raises
New York | August 10, 2021
Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear
But those fatter paychecks aren’t going as far, thanks to rising inflation.
In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according to an analysis by Jason Furman, an economics professor at Harvard University. The Employment Cost Index — which measures wages and salaries, along with health, retirement and other benefits — fell in the last quarter and is 2% below its pre-pandemic trend, when taking inflation into account. (Wages and salaries are growing at a faster pace than benefits.)”The hot economy is heating prices more than it is heating wages,” said Furman. Inflation is eroding the wage increases that employers are giving to attract and keep workers… (Excerpts from CNN)
New York | July 23, 2021
Inflation Pushes Consumer-Goods Giant Unilever to Accelerate Price Increases
New York | July 23, 2021
The maker of Dove soap and Hellmann’s mayonnaise warned of accelerating price increases across a range of products, as it seeks to counter cost inflation across its business. Unilever UL -5.43% PLC said Thursday that it was grappling with higher costs for ingredients, packaging and transportation, which would likely lower its full-year profitability—a warning that sent shares down 5% in early trading. The London-listed consumer-goods giant said it would step up price increases across the world, having already raised prices 1.6% in the second quarter… (Excerpts from the Wall Street Journal)
New York | July 18, 2021
Top Wall Street Executives Say Inflation Could Be Worse Than Predicted
New York | July 18, 2021
Two of Wall Street’s top CEOs have differing views on inflation, but both diverge from the Federal Reserve’s predictions that price increases are transitory and will fade away once the supply shocks and other pressures ease.
Larry Fink, chairman and CEO of BlackRock, the world’s largest asset manager is convinced that inflation is not temporary as he believes deglobalization will lead to “systematically more inflation” in the future.
“It is my view that inflation is going to be more systematical,” Fink told CNBC on July 14. “I believe it is a fundamental, foundational change in how we navigate economic policy.”…
(Excerpts from the Epoch Times)
California, Connecticut, Hawaii, Nebraska, New Hampshire, New Mexico, New York, South Dakota, Utah, Vermont | June 2, 2021
Red States Top Those with Lowest Unemployment Rates
California, Connecticut, Hawaii, Nebraska, New Hampshire, New Mexico, New York, South Dakota, Utah, Vermont | June 2, 2021
by Bethany Blankley
Republican-led states and Vermont reported the lowest unemployment rates in April, according to a new report by the U.S. Commerce Department. States led by Democratic governors recorded the highest jobless rates, according to the report.
Unemployment rates were lower in April in 12 states and the District of Columbia and stable in 38 states, according to the U.S. Bureau of Labor Statistics.
States with the highest unemployment rates in April were Hawaii (8.5%), California (8.3%), New Mexico and New York (both at 8.2%), and Connecticut (8.1%). All five states with the highest unemployment are run by Democratic trifectas, meaning Democrats control the governor’s office and both houses of the state legislature.
The four states with the lowest jobless rates in April were all run by Republican trifectas: Nebraska, New Hampshire, South Dakota and Utah, with 2.8% each. Vermont, with a Republican governor and a Democratic-controlled state House and Senate, ranked fifth-best with an unemployment rate of 2.9%.
Overall, 31 states had unemployment rates lower than the U.S. national average of 6.1%. The majority – 26 – are Republican-led states. Of the 19 states and the District of Columbia with jobless rates higher than the national average, 14 are led by Democrats…
(Excerpts from the Tennessee Star)