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There's a specter haunting Wall Street. The specter of resurgent inflation.
The post Breitbart Business Digest: March Inflation Looms Over Wall Street appeared first on Breitbart.
The nationwide average price for regular gas hit a reported six-month high of $3.60 a gallon on Tuesday, spiking more than 50 percent under President Joe Biden.
The post Gas Prices Hit Six-Month High, Spiking More than 50% Under Joe Biden appeared first on Breitbart.
Tesla has reportedly settled a lawsuit filed by the family of an Apple engineer who died in a 2018 crash involving the company's controversial Autopilot technology, according to court filings on Monday.
The post Tesla Reaches Confidential Settlement in Fatal Autopilot Crash Lawsuit appeared first on Breitbart.
Elon Musk's long-awaited Tesla Cybertrucks have been met with a wave of complaints from frustrated owners, who report numerous malfunctions and quality issues just months after the vehicle's launch. One owner reported a complete failure after driving the EV for just one mile.
The post ‘What a Nightmare’ Elon Musk’s Tesla Cybertruck Plagued by Malfunctions and Quality Issues appeared first on Breitbart.
Latino support for President Joe Biden shrunk over his tenure by 12 points, while former President Donald Trump surged among Latinos by three points during the same period, an Axios/Ipsos poll found.
The post Ipsos Poll: Biden Surrenders Latino Support, While Trump Surges appeared first on Breitbart.
The latest polling from Gallup shows that public support for transitioning to an electric vehicle (EV) has dropped by quite a lot since 2023.
The post Nolte: Gallup Poll Shows Growing Backlash Against Electric Vehicles appeared first on Breitbart.
Chicago's self-professed progressive Mayor Brandon Johnson is pushing the Biden administration to cut loose with more work permits for the tens of thousands of illegals sheltering in the city even as local black unemployment soars to many times the national average.
The post Chicago’s Mayor Brandon Johnson Pushing Biden to Supply More Work Permits for Migrants appeared first on Breitbart.
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El Salvador will offer 5,000 free passports to "highly skilled" foreign scientists, engineers, doctors, artists, and philosophers.
The post El Salvador to Offer 5,000 Free Passports to ‘Highly Skilled Immigrants’ appeared first on Breitbart.
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen stated that “the great majority of” trade between the U.S. and China “is uncontroversial” and she’s working to ensure that the geopolitical relationship and national security worries won’t
The post Yellen: ‘Great Majority’ of U.S.-China Trade Is Fine, Must ‘Understand’ Their Red Lines appeared first on Breitbart.
On Monday’s broadcast of CBS’s “Late Show,” Rep. Alexandria Ocasio-Cortez (D-NY) stated that the student loan plan announced by President Joe Biden earlier in the day is “hope” for those who benefit from the plan to be able to do
The post Ocasio-Cortez: Biden Loan Plan Gives Beneficiaries ‘Hope’ They Can ‘Travel Abroad’ appeared first on Breitbart.
Gov. Wes Moore (D-MD) vowed on Monday evening to sign the PORT Act into law after Maryland's Senate passed the emergency legislation.
The post Maryland Gov. Wes Moore Vows to Sign Emergency Relief Act for Port of Baltimore Workers appeared first on Breitbart.
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the
The post Yellen: There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape appeared first on Breitbart.
Americans have "legitimate frustration" over migration and economic opportunities, "and I agree with them," said Jamie Dimon, the billionaire chairman and chief executive officer of the world's biggest bank, JPMorgan Chase.
The post World’s Leading Banker: The U.S. Establishment Has Failed appeared first on Breitbart.
A recent study showed that 1 in 3 members of Generation Z have no income and have a poor economic outlook.
The post Study: 1 in 3 Zoomers Have No Income, Poor Economic Outlook appeared first on Breitbart.
Tesla CEO Elon Musk has once again stirred up excitement and skepticism with his latest announcement of an upcoming Tesla Robotaxi unveiling on August 8, 2024, despite a history of unfulfilled promises surrounding the currently non-existent "robotaxi" service.
The post Hypemaster Elon Musk Announces Tesla Robotaxi Despite History of Broken Promises appeared first on Breitbart.
Two influential Japanese companies are warning that "social order could collapse" in the new AI era as they call for new laws to restrain the technology.
The post Japanese Companies Warn that ‘Social Order Could Collapse’ in Age of AI appeared first on Breitbart.
Snapchat has adjusted its 'Solar System' feature, turning it off by default, in response to recent criticism and concerns over its potential negative impact on teens' mental health and relationships. The Solar System feature serves as a friend-ranking tool, driving teen anxiety by making them worry about their social status. One teen explains, “It’s everyone’s biggest fear put onto an app.”
The post Snapchat Turns Off Controversial Feature Fueling Teen Anxiety appeared first on Breitbart.
Retail giant Best Buy is conducting massive layoffs within its Geek Squad tech support division, leaving numerous employees suddenly jobless and struggling to come to terms with their unexpected termination.
The post Bidenomics in Action: Best Buy’s ‘Geek Squad’ Tech Support Unit Hit with Massive Layoffs appeared first on Breitbart.
President Biden is using the Baltimore Bridge disaster to smuggle illegal migrants into Maryland's politics, saying, "Six [men] lost their lives: Most were immigrants, but all were Marylanders."
The post WATCH: Joe Biden Smuggles Illegal Migrants into Maryland Politics appeared first on Breitbart.
China, the world's largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla's sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.
The post Elon Musk’s Tesla Faces Trouble as China EV Market Cools Off appeared first on Breitbart.
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In a series of recent updates, Elon Musk's social media platform X (formerly Twitter) says it is taking significant steps to combat "bots and trolls" while also reinstating the blue verification checkmark for influential users that refuse to pay the platform for the privilege.
The post Elon Musk’s X/Twitter Claims to Fight ‘Bots & Trolls’ with System Purge appeared first on Breitbart.
One of the most valuable companies on Earth, tech giant Apple, has laid off more than 600 employees in California, signaling a shift in the company's priorities as it faces a multitude of challenges under the leadership of CEO Tim Cook. Many of the layoffs were related to the company's failed electric vehicle project, which was shut down in February.
The post Apple Lays Off 600 in Wake of Electric Vehicle Failure appeared first on Breitbart.
The dream of a June rate cut is dead.
The post Breitbart Business Digest: The June Rate Cut Dream Just Died appeared first on Breitbart.
All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the "difficult" decision on such causes as "inflationary pressures."
The post 99 Cents Only Stores Closing All 371 Locations, Citing ‘Inflationary Pressures’ appeared first on Breitbart.
A $100 grocery haul in 2019 costs almost $140 today for the same common items, causing consumers to "become creative to cope."
The post Analysis: Grocery Prices Nearing 40 Percent Higher Than In 2019 appeared first on Breitbart.
IAC chairman and senior executive Barry Diller said Thursday on CNBC's "Squawk Box" that former President Donald Trump's social media company Truth Social was a scam.
The post Barry Diller: Truth Social a ‘Scam’ Like Everything Trump Is Involved in appeared first on Breitbart.
The fossil fuel industry is cashing in on the $7.5 billion for electric vehicle (EV) charging stations that President Joe Biden approved in the Inflation Reduction Act, lobbying to have the stations built at existing gas station locations.
The post Report: Fossil Fuel Lobby Cashes in on Biden’s $7.5 Billion for EV Chargers appeared first on Breitbart.
Restaurant workers at a Foster's Freeze location in California arrived at work this week to find they had lost their jobs because it had closed, thanks to a $20 minimum wage signed by Gov. Gavin Newsom (D) that took effect April 1.
The post California Workers Arrive at Restaurant to Find It Closed Thanks to Newsom’s $20 Minimum Wage appeared first on Breitbart.
Two of the biggest reasons the Democrats give as to why illegals are coming and why they should be granted asylum are climate change and “the chance at a better life“; essentially, because they want higher wages.
In the past, neither of those qualified you for asylum. You pretty much had to prove that you had been singled out for execution by a despotic government or had to be fleeing a real, verifiable crisis, not a made-up climate crisis.
If we allow everyone in who wants to earn more money, that would encompass most of the world’s population.
The US has the 8th highest GDP per capita in the world, behind some very small but rich countries: Luxembourg, Singapore, Ireland, Norway, Qatar, United Arab Emirates, and Switzerland, which have a combined population of 37,600,000 people.
So basically, if wanting better economic opportunities was a legitimate reason to be granted asylum, all but 0.5% of the world’s population could claim that they would be richer living in the U.S. That means that over seven and a half billion people would qualify to come to the US if the criteria were that they could earn more money.
As for climate change, they are now using the term “climate migrants.” And to be fair, the climate probably is changing, but that doesn’t mean everyone should be applying for asylum. Ostensibly, the climate is changing everywhere, including the US, so coming to the U.S. wouldn’t help anyone escape climate change.
According to UN data, there has been a 1.8°C increase in temperature since 1951. Are people actually aware of such a small change? And why would it make them leave their home?
NASA data shows that sea level rises by 3.4 mm per year. To put that number in perspective, New York City streets are roughly 400 feet above sea level. At the current rate of sea-level rise, it will take 35,882.35 years for the sea to reach Broadway.
Of course, the climate crowd tells us that the rise is accelerating. It has doubled over the past thirty years. Assuming it doubles again over the next thirty, it will then be rising at a frightening rate of 6.8 mm per year. And it will reach Times Square in less than 17,941 years.
My goodness, won’t someone please think of the children’s great, great… 718 generations, great-grandchildren!
Illegal immigration has doubled over the past four years. Ostensibly, if climate change is the cause, then the effects must also have doubled or dramatically increased during that time.
One reason that is given is that Central America has been increasingly affected by natural disasters such as hurricanes, floods, and droughts, which have displaced populations and prompted migration to the United States.
Doing some digging, it turns out that there have always been hurricanes, floods, and droughts in Latin America. Hurricanes occur every year between June 1 through November 30.
In fact, in 1899, Hurricane San Ciriaco hit Puerto Rico, and it was the most destructive hurricane in the history of the Caribbean, with heavy rains lasting for 28 days. Of course, the title of the most destructive or strongest hurricane is debatable. Some experts say the Great Hurricane of 1780 was the most powerful.
And there are other hurricanes over the past two hundred years that qualify with the most rainfall, highest barometric pressure, most wind, most deaths, but the bottom line is, hurricanes have always happened. So, they cannot be the cause of illegal migration over the past four years.
Looking into drought, I found an article with scary pictures of dry, parched earth. And the text read, “Already this year, Mato Grosso do Sul and São Paulo reported their lowest levels of rainfall in 20 years during the November-to-March rainy season.”
This confirms that 21 years ago, there was a worse drought. Checking to see if it is actually raining less, I found this from the EPA: “Since 1901, global precipitation has increased at an average rate of 0.04 inches per decade.”
Therefore, we have established that there is more water and more heat. So, I wanted to check if there was also more food. And yes, crop yields across the globe, including in Latin America, have been trending steadily upward. So, claims that hunger caused by climate change drove illegal immigration over the past four years are illogical.
According to the UNHCR, “By 2050, climate change could force more than an estimated 216 million people to evacuate their homes, leaving their present lives and livelihoods behind, and move to safer areas.”
Here is the answer: People are fleeing their homes today, despite higher rainfall and increased agricultural yields, because they know that by 2050, every place on Earth that is not the United States will become uninhabitable.
There are two possible reasons why illegal immigration has doubled over the past four years. One possibility is that more people became aware of the fact that outside of the United States, the whole world will be uninhabitable.
The other possibility is that there are TikTok and other social media accounts telling people, “If you say climate change, they will let you in.”
The post Climate Change and Low Wages Not Grounds for Asylum appeared first on The Gateway Pundit.
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Racaille1950, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
Employment grew much more than expected for the third month in a row.
The post Another Scorcher: 303,000 Jobs Added To U.S. Economy in March appeared first on Breitbart.
President Joe Biden visits Baltimore on Friday following the deadly bridge disaster on March 26, as investors and left-wingers jointly use the tragic deaths of six migrant workers to demand legalization for low-wage migrants.
The post Biden Visits Baltimore as Left and CEOs Use Bridge’s Fatalities to Demand More Migrant Workers appeared first on Breitbart.
During an interview with the Fox News Channel released on Thursday, Rep. Don Davis (D-NC) said that he has concerns about the regulations on gas cars put in place by the Biden administration and argued that we need to “follow
The post Dem Rep. Don Davis: I Have Problem with Biden EV Push, I Don’t Trust D.C. to Pick Winners and Losers appeared first on Breitbart.
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Breitbart economics editor John Carney said Thursday on Fox Business Network's "Kudlow" that former President Donald Trump's trade philosophy was about "reciprocity."
The post Carney on Kudlow: Trump’s Trade Philosophy Is ‘If You Are Fair with Us, We Will Be Fair to You’ appeared first on Breitbart.
In a significant shift from its long-standing ad-funded model, Google is reportedly exploring the possibility of charging users for AI-powered search features, according to a recent Financial Times report.
The post They Want Your Data AND Your Money: Google Considers Introducing Paid AI Features in Search Results appeared first on Breitbart.
Elon Musk's X, formerly known as Twitter, has reportedly restored blue check marks to prominent users overnight, with some expressing their disapproval of the unsolicited perk.
The post Elon Musk Hands Out Free Verification Checks on X/Twitter for ‘Influential’ Users appeared first on Breitbart.
A few Senators from the nation's Rust Belt are sounding the alarm over the ties between the Chinese Communist Party (CCP) and the Nippon Steel Corporation -- the Japanese conglomerate looking to purchase the United States Steel Corporation.
The post Rust Belt Senators Sound Alarm: Japanese Corporation Trying to Buy U.S. Steel Is Linked to China appeared first on Breitbart.
The strength of the U.S. labor market has not only defied expectations. It has given rise to the suspicions that the official figures are overstating job gains.
The post Breitbart Business Digest: Trust the Establishment on Jobs appeared first on Breitbart.
"The Breakfast Club's" Charlamagne Tha God has devoted an extended segment on Comedy Central's "The Daily Show" to bashing DEI, calling it "mostly garbage" and "corporate PR."
The post Watch: Charlamagne Tha God Slams DEI as ‘Mostly Garbage’ and ‘Corporate PR’ appeared first on Breitbart.
Apple is exploring the field of personal robotics as a potential new growth area following the cancellation of its electric vehicle project earlier this year.
The post Apple Moves into Home Robotics as Next Frontier After Car Project Fizzles appeared first on Breitbart.
The Biden White House looked at Biden’s gas prices and canceled a scheduled refill of our Strategic Petroleum Reserve.
The post Nolte: Biden’s High Gas Prices Force Him to Cancel Strategic Petroleum Reserve Refill appeared first on Breitbart.
Amazon's "Just Walk Out" technology, touted as a fully automated checkout-free system, has been revealed to rely heavily on human reviewers, particularly a team of over 1,000 workers in India.
The post Amazon’s ‘Just Walk Out’ AI Shopping Tech Relies Heavily on 1,000 Indian Employees Watching Customers appeared first on Breitbart.
Disgraced former FTX CEO Sam Bankman-Fried said on Tuesday he is "haunted" by his decisions, which led to the collapse of the digital currency exchange and billions of dollars of customers and investors' funds lost.
The post Now He’s Sorry: Sam Bankman-Fried ‘Haunted’ by ‘Bad Decisions’ that Led to Fraud, Billions in Stolen Funds appeared first on Breitbart.
China and the Fed's rate cut plans are driving up demand for gold.
The post Gold Hovers Around All-Time High as Central Bank Actions Drive Up Demand appeared first on Breitbart.
The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year.
The post Bostic Says Fed Should Wait Until November or December To Cut Rates appeared first on Breitbart.
The Quaker Oats Company announced Wednesday it is permanently closing its factory in Danville, Illinois, with upwards of 500 employees to be impacted.
The post Quaker Oats Shutters Danville Plant, 500+ Workers Lose Their Jobs appeared first on Breitbart.
The nationwide average price for regular gas topped $3.54 a gallon, a spike of more than 45 percent under President Joe Biden, AAA reported Wednesday.
The post Nationwide Gas Prices Top $3.50, Spiking More than 45% Under Joe Biden appeared first on Breitbart.
The Biden administration has finalized its move to slash Medicare Advantage as the 46th president has claimed former President Donald Trump seeks to slash entitlement programs.
The post Joe Biden Moves to Slash Medicare Advantage appeared first on Breitbart.
Most likely voters support former President Donald Trump's plan to impose 10 percent tariffs on all imports to protect American jobs and wages, a new poll reveals.
The post Globalist Fail: Most Voters Back Trump’s Plan for 10% Tariffs on All Imports appeared first on Breitbart.
In the economic seas we're currently navigating, the idea of a Fed rate cut is starting to look like a theoretical exercise detached from the practical realities on the ground.
The post Breitbart Business Digest: Fed Cuts May Have to Wait Until After the Election appeared first on Breitbart.
The 1792 Exchange launched a database exposing the political biases of woke Fortune 250 companies such as Disney.
The post 1792 Exchange Launches Database Exposing Donations, Biases of Leftist Corporations Like Disney appeared first on Breitbart.
BURBANK, Calif. (AP) — Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.
The post Disney Shareholders Back CEO Bob Iger, Rebuff Activist Shareholders Who Wanted to Shake Up Company amid Losses appeared first on Breitbart.
Bill Ackman is calling on the Securities and Exchange Commission to initiate an investigation into the Walt Disney Company's proxy battle following leaks to the media claiming that Disney was headed for a victory over activist investor Nelson Peltz.
The post Billionaire Bill Ackman Calls for SEC Probe of Disney Proxy Battle Following ‘Inappropriate’ and ‘Illegal’ Media Leaks appeared first on Breitbart.
As Elon Musk's social media platform X/Twitter continues to struggle with an advertiser exodus, another issue has come to the forefront — the proliferation of pornographic content on the site.
The post Bloomberg: Elon Musk’s X/Twitter Has a Major Pornography Problem appeared first on Breitbart.
Nintendo of America has highlighted the importance of "culturalization" and DEI awareness in a job listing for a localization production specialist position based in Redmond, Washington.
The post Mario Is Woke: Nintendo Job Listing Emphasizes ‘Culturalization’ and ‘DEI Awareness’ appeared first on Breitbart.
Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July, according to payroll processor ADP. The March hiring exceeded even the most optimistic forecasts. The median forecast was for 155,000 jobs,
The post Private Sector Job Gains Explode Higher, Biggest Gain Since July appeared first on Breitbart.
The lead-up to the Walt Disney Company's annual shareholders meeting on Wednesday is offering more hype and genuine drama than any of the studio's woke movies that have bombed at the box office.
The post Disney Showdown: Woke Bob Iger Facing Off with Nelson Peltz at Shareholders Meeting appeared first on Breitbart.
On Tuesday’s broadcast of the Fox News Channel’s “America Reports,” Transportation Secretary Pete Buttigieg stated that “the automotive sector is moving towards EVs” and China pushed for an advantage in the EV market “because that’s the economically smart play” but
The post Buttigieg: Industry ‘Moving Towards EVs’ But We Can’t Let ‘Economically Smart Play’ ‘Happen on Its Own Pace’ appeared first on Breitbart.
Former President Donald Trump has the edge on President Joe Biden in the critical swing state of Michigan, according to a Spry Strategies poll, continuing a trend in the Wolverine State that has persisted for months. The poll, released Tuesday
The post Michigan Poll Shows Trump Leading Biden as Voters Express Support for Mass Deportation of Illegal Aliens appeared first on Breitbart.
Migration cuts wages, Canada's Trudeau said Tuesday as he announced plans to trim his unpopular migration inflows that have forced his nation backward.
The post Trudeau to Canadians: My Migration Policy Cuts Your Wages appeared first on Breitbart.
The road to riches may not be paved with diversity, equity, and inclusion after all.
The post Alleged Financial Benefits of Diversity Vanish Under Scrutiny, Study Shows appeared first on Breitbart.
The potential that the Fed's next move is up instead of down is arguably the most underpriced risk in the market.
The post Breitbart Business Digest: The Most Underpriced Risk in the Market Right Now appeared first on Breitbart.
Shares moved higher after the company said it was debt free and has $200 million of cash to invest in the business.
The post Shares of Trump Media Jump After Company Says It Is Flush $200 Million in Cash and Debt-Free appeared first on Breitbart.
Elon Musk's Tesla reported an 8.5 percent year-over-year decline in deliveries for the first quarter of 2024, marking the company's first such drop since the pandemic-affected second quarter of 2020.
The post Elon’s Disaster: Tesla’s Q1 Deliveries Drop 8.5% amid Production and Competition Challenges appeared first on Breitbart.
The move may hurt workers in a state that already has high inflation and the highest unemployment rate in the U.S.
The post California Raises Minimum Wage For Fast Food Workers Despite Highest Unemployment Rate In the Nation appeared first on Breitbart.
Google has agreed to destroy or "de-identify" billions of records of web browsing data collected from users in its private browsing "Incognito Mode," as part of a proposed class action settlement filed on Monday.
The post Google Agrees to Destroy Billions of ‘Incognito’ Browsing Records in Proposed Settlement appeared first on Breitbart.
The U.S. House of Representatives has implemented a strict ban on the use of Microsoft's AI-based chatbot, Copilot, by congressional staff members, citing potential security risks.
The post House Bans Use of Microsoft AI Copilot Due to Security Concerns appeared first on Breitbart.
Bidenflation is freaking people out as they look forward to their retirement years.
The post Nolte: Amount of Money People Believe They Need for Retirement Jumps 53% in Biden’s America appeared first on Breitbart.
The United States needs an industrial policy that promotes the domestic industrial base, Sen. Marco Rubio (R-FL) outlined Tuesday.
The post Marco Rubio Outlines Dire Need for American Industrial Policy to Counter Globalism, China appeared first on Breitbart.
The JOLTS report casts further doubt on the need for a rate cut from the Federal Reserve in the months ahead.
The post Job Openings Remain Very High, Indicating Resilient Demand for Workers appeared first on Breitbart.
Job Creators Network, America’s leading pro-small business organization, is partnering with Bienvenido and the National Christian Hispanic Leadership Coalition, and a team of political veterans to spearhead a national campaign to engage Hispanic voters on economic issues ahead of the 2024 election.
The post Job Creators Network to Lead Major Hispanic Outreach Coalition Ahead of 2024 Election appeared first on Breitbart.
On Monday’s broadcast of NBC’s “Today,” President Joe Biden responded to a question on what he would say to people whose money isn’t going as far due to inflation by saying, “we have the best economy in the world. We’ve
The post Biden on Inflation: COVID Will Have ‘Lasting Effect’ and Must ‘Get People to Move Again’ and Improve ‘Best Economy’ appeared first on Breitbart.
Donald Trump's digital media company is not losing money fast enough.
The post Breitbart Business Digest: Truth Social Should Let Loose a Flood of Losses appeared first on Breitbart.
President Joe Biden is underperforming among young voters who are concerned about their economic plight, recent polling shows.
The post Joe Biden Faces Significant Problem on Economy with Young Voters appeared first on Breitbart.
Among voters aged 18-34, former President Donald Trump leads His Fraudulency Joe Biden 47 to 40 percent in the swing states.
The post Nolte: Donald Trump Leads Biden Among Swing State Voters Under Age 35 appeared first on Breitbart.
After 16 months in contraction, the ISM manufacturing survey unexpectedly popped into positive territory.
The post ISM Manufacturing Index Unexpectedly Jumps Into Expansion Territory appeared first on Breitbart.
Snapchat's friend ranking feature, part of its paid subscription service, is exacerbating feelings of insecurity and anxiety among teenagers by quantifying their social status within their friend group. The feature is just another example of how Silicon Valley titans place tremendous pressure on today's teens to be part of the "in crowd," leading one teen to explain, "It's everyone's biggest fear put onto an app."
The post ‘Everyone’s Biggest Fear:’ Snapchat Fuels Teen Anxiety with ‘Friend-Ranking’ Feature appeared first on Breitbart.
I am so old, I can remember when “public servants” used to earn less money than they could have expected in the private sector. But those days are long gone. Now, government employees have the rest of us by the throat. Our tax dollars are enriching them, on the average, far beyond what they could earn anywhere else.
This is from Stephen Moore’s Committee to Unleash Prosperity:
The average cost for a government employee in December was $60 per hour, or 40.5% more than his or her private sector counterpart.
Benefits to government employees cost 80.3% more.
This chart shows the numbers:
I would think that if we looked at federal employees, the discrepancy would be even greater. And government employees pretty much can’t be fired, either, so they have these sweet gigs forever.
One interpretation of these numbers is that the rest of us are just serfs on the government’s plantation.
DEI (racial and other quotas) is intrinsically evil. At The Hill, Matt Cole and Chris Nicholson reveal a shocking, practical downside to DEI hysteria: “DEI killed the CHIPS Act.”
The issue is critical because Taiwan now produces 90% of the world’s advanced microchips, and China has indicated its intention to annex Taiwan in the near future. So the CHIPS Act sought to incentivize chip production in the U.S. Unfortunately, that isn’t what is happening.
Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. …
***
Because equity is so critical, the makers of humanity’s most complex technology must rely on local labor and apprentices from all those underrepresented groups, as [the Taiwan Semiconductor Manufacturing Company] discovered to its dismay.Tired of delays at its first fab, the company flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.
Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.
It isn’t only TSMC that is being stymied by DEI:
Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.
In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games. They’ve quietly given up on America. …
[C]hipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”
No wonder Intel politely postponed its Columbus fab and started planning one in Ireland.
Access to microchips is a national security issue, as well as being fundamental to a modern economy. And yet Congressional majorities care more about DEI shibboleths and feeding pork to their constituencies than about American security and prosperity. Of course, that isn’t really an irony. The whole point of DEI is hating America, and if it imperils our security and our prosperity, so much the better.
Earlier today, I posted the official GOP response to Joe Biden’s SOTU hate-fest, by Senator Katie Britt. Britt’s speech was an impressive performance in its own way; if I were a Democrat, I think she would scare me.
But for us data guys, Stephen Moore’s Unleash Prosperity Hotline has the numbers:
A lot of tall tales and a few outright fabrications in the Biden speech last night – and far too many to enumerate here. But we will revisit three here.
“My administration cut the deficit by $1.7 trillion.”
This isn’t just a little bit false, it’s an extraordinary and audacious misstatement of fact. The baseline deficit over 10 years, as measured when Biden came into office versus the latest forecast, shows nearly $6 trillion added to the debt since Biden arrived on the scene.
So how does a $6 trillion addition of red ink possibly equate to a $1.7 trillion reduction in the deficit. Someone didn’t pass his basic math exam in high school.
“We will make the rich pay their fair share.”
The top 1% of American tax filers now pay an all-time record high 46% of taxes. This is according to Biden’s own IRS. Does he think the rich should pay ALL the taxes?
That is actually a good question. I think that for many Democrats, the answer may be Yes. But within reason, experience shows that lower rates mean higher collections, especially from high earners.
“I inherited an economy [from Trump] that was on the brink…”
Actually, the economy grew by – ready for this? 33% in the third quarter of 2020 and 4.1% in the 4th quarter of 2020. The economy was in a full-scale COVID recovery when Biden came into office.
Oh, and Inflation was 1.4%.
Gas prices were $2.39 per gallon.
If you think of it as a relay race, Trump handed the baton to Biden in first place, with a rapidly growing lead. But Biden tripped over his own feet–both literally and figuratively–and turned the strong position that he inherited (and not only economically) into a fiasco. That I why I don’t see how he can be re-elected, despite Trump’s manifest flaws.
If you don’t get the Unleash Prosperity Hotline, you should. You can sign up for its frequent and always informative emails here.
Brian Deese is “an MIT Innovation Fellow, focusing on the impact of economic policies that strengthen the United States’ industrial capacity and on accelerating climate investment and innovation.” Before that, Deese assisted Joe Biden as Director of the National Economic Council. Asked in 2022 how American families could cope with surging gasoline prices, the NEC boss said, “this is about the future of the liberal world order, and we have to stand firm.” As Sir Bedevere(Terry Jones) might say, who is this who is so wise in the ways of economics?
Deese is the son of Boston College political science professor David Deese, who “researches the international and comparative politics of energy and climate policies worldwide.” Brian’s mother, Patricia Stanton, served as deputy commissioner at the Massachusetts Department of Energy Resources and assistant commissioner of waste prevention at the state Department of Environmental Protection.
At Middlebury College Deese earned an undergraduate degree in international politics and economics. He got into Yale Law School but left a few credits short of graduation to work for Hillary Clinton’s presidential campaign. Composite character president Obama tapped him to help out with climate change.
In a 2016 interview with Rolling Stone, Obama touted the “amazing” Brian Deese, who “engineered the Paris Agreement, the Aviation Agreement,” and “may have helped save the planet.” The auto industry was also in trouble.
“The wunderkind in charge of saving our auto industry is a 31-year-old with about as much experience as a summer intern,” noted Glenn Beck. “Despite having no formal business education, no business experience and no auto industry experience, 31-year-old Brian Deese is now in charge of dismantling General Motors.” David Sanger of the New York Times also weighed in with, “Meet the 31-Year Old in Charge of Dismantling GM.”
In 2017, Deese became a senior fellow at the Harvard Kennedy School. From there it was on to BlackRock, where Deese headed the sustainable investing division, advising clients on meeting environmental, social and governance (ESG) criteria. Deese was reportedly bagging some $2.8 million a year, and building a net worth of $4 million.
In June of 2021, the amazing Deese outline his vision for a “new industrial strategy,” an “activist government,” approach including “targeted public investment, public procurement, climate resilience and equity.” As Deese contends, “markets on their own will not make investments in technologies and in infrastructure that benefit an entire industry.”
And so on, in what Olson Johnson of Blazing Saddles might call “authentic statist gibberish.” Or, in the style of Monty Python, the wealthy MIT Innovation Fellow could qualify for “upper class twit of the year.”
Jeffrey Anderson presents a comparative analysis of presidents and inflation. The mainstream press to the contrary notwithstanding, he explains what Biden has done to make us feel so black and blue. It’s not our imagination. It’s the inflation, stupid! See his City Journal column “No great mystery.” Anderson manages to review the data and perform the analysis with a sense of humor.
The daycare minders at the White House have persuaded Biden to single out “shrinkflation” as the villain. However, “shrinkflation” reflects “inflation.” It is a manifestation of rising prices. Sentient observers understand that Biden economic policies have triggered the inflation that we have suffered, just as they understand that Biden’s senescence has slowed the windmills of his mind. Biden trusts we won’t notice he indicts himself when he decries “shrinkflation.”
Biden’s daycare minders take us for fools. Thus the administration’s critique of Republicans for causing the invasion of illegals that Biden invited, facilitated, and denied. They think we are stupid.
We hear that Biden threatens to point the finger at alleged corporate wrongdoing as the source of our pain in tonight’s State of the Union address. For some reason or other this wave of alleged wrongdoing has run riot under the regime of…Joe Biden. It was somehow held in check under the regime of…Donald Trump. James Bovard seeks to immunize us against the foolishness of the Biden party line in his New York Post column “Joe Biden’s State of the Union ‘shrinkflation’ swindle.”
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