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“#Most Americans support COVID vaccine passports for flying: poll” Most Americans support vaccine passports for flying and big events, such as concerts or sporting events — but not for heading back to work or indoor dining, according to a Gallup poll published Friday. The survey — which included over 3,700 adults and took place at…
“#US added just 266K jobs in April, far below 1 million expected” The US added just 266,000 jobs in April — far below economists’ expectations of one million — and the unemployment rate rose slightly to 6.1 percent, the feds said Friday. The lower-than-expected data comes on the heels of strong gains in March, which saw 770,000…
“#Workers file 498,000 new jobless claims as US hits pandemic low” The number of Americans seeking unemployment benefits dropped last week to its lowest level since the start of the pandemic, the feds said Thursday. Initial worker filings for jobless claims, seen as an indication of layoffs, reached 498,000 last week, down from a revised…
“#Biden’s tax hikes will hinder economic prosperity he’s promising” When President Joe Biden claims that business taxes will “pay” for his many proposed programs, he demonstrates that he and his White House team have lost the economic thread. Those taxes would impose huge disincentives on the very elements of the economy that Biden needs to…
“#Janet Yellen clarifies inflation comments after roiling Wall Street” Treasury Secretary Janet Yellen said Tuesday she wasn’t expecting an inflation problem as the U.S. economy rebounds, walking back comments that unsettled markets hours earlier. Yellen had said earlier in the day that interest rates may need to be hiked in order to stave off inflation….
“#Help for vets who lost jobs because of COVID on the way” Thousands of veterans who lost their jobs because of COVID-related challenges can now apply to be part of a new rapid retraining program designed to prepare them for new careers in high-demand specialties. The benefit, which is open to about 17,000 veterans, is targeted at…
“#Biden has no excuse for his massive spending because the crisis is over” If Joe Biden wanted to spend massively in response to a nearly unprecedented public-health emergency, he was elected too late. The conventional wisdom justifying the president’s new FDR-sized ambitions is that the country is in crisis and he has to meet the…
“#Economy is ‘red hot,’ but watch for inflation” Warren Buffett said the US economy is “red hot” — but warned inflation is a rising threat as businesses and jobs come roaring back. “Right now, business really is very good in a great many segments of the economy … It’s almost a buying frenzy,” Berkshire Hathaway’s…
“#Biden’s bogus bid to claim credit for galloping growth” President Joe Biden pretends his policies have got the US economy bouncing back. But it’s obvious that credit for the recovery goes to former President Donald Trump. Friday, Biden told NBC News that his $1.9 trillion “relief bill” is why the nation’s gross domestic product grew…
“#De Blasio, Cuomo need to move aggressively to bring tourists back” In a grim report Wednesday, state Comptroller Tom DiNapoli cited jaw-dropping numbers to document the devastation wrought by the COVID-driven collapse in New York City tourism. From 2019 to 2020, he notes, Gotham lost nearly three-quarters of its tourist biz, costing it $1.2 billion…