Economy

Sen. Lankford to Newsmax: CARES Act Funds No Solution for Infrastructure Debt

Repurposing money allocated from last year's pandemic-fueled CARES Act for use in this year's bipartisan infrastructure act won't mean that the nation won't still have a massive debt to repay, Sen. James Lankford warned on Newsmax Wednesday.

A New State of Segregation: Vaccine Cards Are Just the Beginning

Imagine it: a national classification system that not only categorizes you according to your health status but also allows the government to sort you in a hundred other ways: by gender, orientation, wealth, medical condition, religious beliefs, political viewpoint, legal status, etc.

Private sector hiring slows sharply in July

ADP says US economy added 330,000 private-sector jobs in July.

Is America’s oil industry too big to fail?

America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.

The Labor Shortage Is Worse Than It Looks, and Help Is Not on the Way

For Fadi Achour, the general manager at Delta Hotels in suburban Detroit, September can’t come soon enough. He is operating with less than half his normal staff. Room service and overnight cleaning has been nixed. The restaurant has limited hours and a bare-bones menu.

Gov. Cuomo Begs Businesses To Return To NYC After Harsh Shutdowns

New York Gov. Andrew Cuomo (D) is pleading for citizens and businesses to return to the Big Apple after implementing harsh COVID restrictions for more than a year. During a recent virtual conference with the Association for a Better New York, Cuomo urged companies to bring employees back to working in person.

‘Inflation Storm’ Looms as Expectations Hit 13-Year High, Consumer Sentiment Sinks

Americans expect more inflaton this year and remain uneasy about the direction of the economy, the University of Michigan’s survey of consumers showed Friday.

Stocks slide as Amazon weighs down tech sector

Amazon Inc.'s revenue topped $100B for third straight quarter.

Authoritarians Drunk on Power: It Is Time to Recalibrate the Government

It is time to recalibrate the government.

U.S. economy grew at a 6.5% rate last quarter, missing expectations

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.

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