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“#Democrats’ $15 minimum wage would drive a nail in the economy’s coffin” If you think Gov. Cuomo’s lockdowns were hard on restaurant workers, watch what happens if President Biden and fellow Democrats more than double the federal minimum wage to $15, as they’re pushing to do. Senate moderates got a guarantee that the hike wouldn’t…
“#49K jobs added as unemployment falls to 6.3 percent” The US economy added 49,000 jobs in January as the labor market rebounded from the latest wave of coronavirus lockdowns, the feds said Friday. The modest payroll growth came after employers shed 227,000 jobs in December amid a deadly wave of COVID-19 infections, marking the first…
“#779,000 filed as COVID crisis continues” American workers filed 779,000 applications for unemployment benefits last week in the latest sign that the labor market is still in the throes of its coronavirus crisis. The newest batch of initial jobless claims brought the total for the COVID-19 pandemic to roughly 77.2 million — a number nearly…
“#Cuomo needs to stop killing NYC’s economy” New York lost 1 million jobs during the pandemic last year, more than half of them in the city. And that doesn’t include jobs that are being done out-of-state by remote workers who therefore spend nothing in the city. Yet the politicians keep ignoring these bitter facts, and…
“#Biden’s $1.9T plan isn’t about the pandemic, it’s about the left’s agenda” President Biden and fellow Democrats claim Americans’ urgent needs oblige them to ram through $1.9 trillion in new spending rather than accept a much-smaller compromise offer. In reality, this is about the Dems’ own policy and patronage goals. For starters, the nation has…
“#Young people think Joe Biden will lead US out of recession: poll” America’s young people are confident President Joe Biden will lead the United States out of recession. More than four out of five Americans between the ages of 18 to 41 said they trust the Biden administration to “do a good job of handling…
“# All risk, no gain? The vague definition of stablecoins is causing problems ” Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones. The word “stablecoin” can be used as a logical…
“#COVID-19 could spark record spike in inequality, Oxfam warns” The COVID-19 pandemic could cause the biggest increase in global inequality on record, Oxfam warned in a new report Monday. The health crisis has sparked a “simultaneous and substantial rise” in income and wealth inequality across dozens of countries, adding to the wealth of the world’s…
“#Joe Biden’s far-left ‘unity’ will divide us: Goodwin” The joke survives the test of time and, under the circumstances, deserves repeating. As the late journalist Mickey Carroll told it, a suburban town with a population 90 percent Irish and 10 percent Jewish held a mayoral election involving two candidates — one Irish and one Jewish. …
“#Seth Klarman likens investors to frogs slowly boiling in a pot” If you start to feel warm — with a sudden urge to hop out of the stock market — there might be a reason for that. A prominent hedge-fund tycoon said investors are like frogs who are getting slowly boiled in a pot as…