After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear these economic scars the rest of their lives, in the form of lower earnings, lower wealth and delayed milestones, such as homeownership. The losses are particularly acute […] Read more
As terribly horrible are the health and economic outcomes of COVID-19, this crisis provides Congress with a unique opportunity to not just help states and local governments’ short-term financial needs, but to provide some much-needed guidance. Any aid package should require state and local governments to develop fiscal stability plans that would address financial imbalances […] Read more
The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more sanitary, hands-off digital payment systems. Although the BIS report says the scientific evidence suggests the probability of coronavirus […] Read more
There appears to be no shortage of interest in cryptocurrency and blockchain policy in D.C. as Members in the House of Representatives and U.S. Senators have introduced a total of 32 bills in the 116th Congress. Thanks to Facebook’s introduction of Project Libra, ongoing efforts to achieve regulatory clarity for the industry, and the novel […] Read more
Social-distancing measures and business closures have significantly disrupted consumer spending habits. While this has created a period of uncertainty for many, ecommerce has instead been trending in a positive direction. The buying habits that have been changing are unlikely to suddenly shift back to what they once were, even after things “get back to normal.” Because […] Read more
MORE THAN 36 MILLION Americans have filed for unemployment benefits since mid-March. While the government is providing a $600 per week boost to the benefits of eligible workers, that extra money only lasts until July 31. Plus, it may not be enough to bridge the gap for some workers. How Are Unemployment Benefits Taxed? Even if unemployment benefits can […] Read more
In addition to these findings, 55% said that they do not believe China can be trusted to fulfil its trade-deal commitment to buy more U.S. products, while 66% said they favor raising import restrictions over the pursuit of free-trade deals as a better way to boost the U.S. economy. The findings come as President Trump […] Read more
Interesting stuff today materialized out of Ukraine. Ukraine, for those of you wearing face masks, is a nation that was vitally critical to US national interests right up to the point when President Trump’s impeachment charges were laughed out of a Senate that counts Mitt Romney among its members. Ukraine became a political battleground in the […] Read more
Uber Technologies Inc. was once a poster child for Silicon Valley’s unchecked ambition. As recently as this year, the company was promising to usher in a self-driving revolution and popularize flying cars. But on Monday, Uber said it was slashing 3,000 jobs, sidelining extraneous projects and shuttering dozens of offices after the coronavirus slammed its […] Read more
BETWEEN LOST JOBS AND shuttered businesses, the COVID-19 pandemic seems to be leaving economic ruin in its wake. However, there may be an upside to months spent at home. “I think this is really an eye-opener for people,” says Dan Keady, chief financial planning strategist for financial services organization TIAA. “(It’s) an incredible wake-up call about how […] Read more
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RICHARD S GIESER in: Congress Has Now Introduced 32 Crypto And Blockchain Bills
Maybe if we had REAL money as our Constitution dictates most of these ...
Truth in: Bill Gates is able—and willing—to lose big money funding factories for COVID-19 vaccines
Gates will use these vaccines like he has in Africa to sterilize women ...
Ernest Lane in: How About Some Good News on the Economy?
It didn't have to be this way. In hindsight, we should have done very ...
DAV in: Coronavirus Hits Hawaii’s Tourism-Dependent Workforce Hard
The title of this article indicates that the virus hit Hawaii hard, bu ...
mary in: Sheriff Claims Pastor Hid Congregants From Him on Easter, Fines Him $1,000 With a Threat of Jail Time
"make no law abridging the right of the people to peacefully assemble" ...