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Migration Advocates Use Bridge Deaths to Push for More Migration

Advocates for more migration are exploiting the deaths of six migrant workers in the Baltimore bridge disaster to argue that more migrants are essential for America.

The post Migration Advocates Use Bridge Deaths to Push for More Migration appeared first on Breitbart.

Lawsuit: SWAT Raid on Innocent Family Caused by Apple's 'Find My' Location Service

A Denver family has filed a lawsuit against Apple claiming that the company's "Find My" location service led to a wrongful SWAT raid on their home, causing emotional distress and property damage. 

The post Lawsuit: SWAT Raid on Innocent Family Caused by Apple’s ‘Find My’ Location Service appeared first on Breitbart.

Vinyl Records Outsell CDs for the Second Year in a Row

For the second year in a row, vinyl records have outsold CDs, solidifying their resurgence and popularity among music enthusiasts seeking physical media after tiring of the maze of streaming options.

The post Vinyl Records Outsell CDs for the Second Year in a Row appeared first on Breitbart.

Report: Biden Mostly Retires 'Bidenomics' Slogan After GOP Hijacked It

Joe Biden has reportedly used the 'Bidenomics' slogan only three times in 2024 after the GOP successfully redefined it with a negative connotation.

The post Report: Biden Mostly Retires ‘Bidenomics’ Slogan After GOP Hijacked It appeared first on Breitbart.

Report: Jon Stewart Found to Have Overvalued New York Home After Accusing Trump of 'Lying' About Property Values

Comedian Jon Stewart is facing online mockery after a new report showed that he overvalued his New York City home during a sale. The revelation comes after Stewart devoted a recent episode of Comedy Central's "The Daily Show" to ridiculing former President Donald Trump over his New York civil case involving real estate valuations.

The post Report: Jon Stewart Found to Have Overvalued New York Home After Accusing Trump of ‘Lying’ About Property Values appeared first on Breitbart.

Mark Zuckerberg's Meta Created Secret 'Project Ghostbusters' to Snoop on Snapchat, Other Rivals

Newly unsealed court documents from an ongoing class action lawsuit against Meta show that in 2016, Facebook CEO Mark Zuckerberg personally directed executives to "figure out" how to track encrypted usage on competing apps like Snapchat, YouTube, and Amazon.

The post Mark Zuckerberg’s Meta Created Secret ‘Project Ghostbusters’ to Snoop on Snapchat, Other Rivals appeared first on Breitbart.

Disney accused of misleading shareholders with ‘woke political agenda’

The Walt Disney Company is facing accusations that its programming has intentionally alienated its customer base by pushing a "woke" political agenda on multiple shows.

San Francisco mayor fails to block bill restricting housing in wildly expensive city

San Francisco Mayor London Breed admitted temporary defeat after she failed to veto a bill that would restrict new housing projects in historic parts of the city.

What pawn shops know about the economy that Biden doesn’t

Bidenomics, the word has come to mean higher prices on goods and services. Consumers can't even afford to get their pawned goods out of hock. Too much spending seems like Uncle Sam.

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NY Gov. Kathy Hochul Dumping $2.4Billion Into Migrant Care, Pushing State-Funded Housing Construction

New York Democrat Gov. Kathy Hochul has proposed $2.4 billion in spending for migrants in her latest budget proposal, along with plans to spur residential development in a state with some of the highest rent and home prices in the country.

The post NY Gov. Kathy Hochul Dumping $2.4Billion Into Migrant Care, Pushing State-Funded Housing Construction appeared first on Breitbart.

China Tariffs Reduce Funding for Beijing’s Military

Photo: Screenshot from the WeChat account of the Chinese People’s Liberation Army Southern Theater Command

 

Xi Jinping’s goal is to have the People’s Liberation Army (PLA) ready for a Taiwan invasion by 2027 and to surpass the US military by 2035. The PLA’s modernization costs money that Beijing gets from Americans who invest in China and/or purchase Chinese imports.

The media keeps blaming Trump, saying the tariffs he put on Chinese imports were ineffective because they made Chinese products more expensive, which was inconvenient for Americans. They also warn that if you vote for Trump in 2024, the tariffs are likely to go up.

As a trained economist, I can assure you that the purpose of the tariffs was to make Chinese products more expensive, aiming to deter Americans from purchasing them. Therefore, they were extremely effective in achieving this goal. The only Americans who found them inconvenient were those who refused to buy American-made products.

About half of China’s exports are manufactured by foreign companies in China. The tariffs cause these nations to relocate their factories to other countries, mostly Mexico, India, Indonesia, and Vietnam, in order to avoid tariffs. Not only does this decoupling reduce the amount of money Beijing can allocate toward the military, but it also cuts China’s foreign direct investment (FDI). Now, China’s net investment has gone negative, hitting a 30-year low. Factory activity is trending downward. Manufacturers are facing deflation, and youth unemployment hit 21.3%. To make the numbers look better, Beijing stopped reporting. But even after inventing a new definition for “youth unemployment,” the rate remains at a dismal 15% and continues to climb.

Mainstream media also has a lot of “smoking gun” articles where they reveal the shocking claim that the tariffs backfired because they are actually paid by American consumers, not China. Once again, yes, this is exactly how tariffs are meant to work. The price is raised by a tariff, which is a tax. The tariff is paid by the purchaser, not the seller, and the tariff revenue goes to the United States government, not Beijing.

The increased price of tariffed products is a blow to Beijing’s income, because it reduces demand for Chinese products, as explained above. They also create leeway for American companies to enter the market. The main reason companies manufactured in China before was because it was cheaper, and by manufacturing in the US, the product price would be too high and could not compete with products made in China. The tariffs raise the price of Chinese products so that US companies can afford to manufacture and sell them.

This brings manufacturing back to the U.S. It also removes China from our supply chains, making our nation stronger in the event of war.

The Trump tariffs caused several changes within China that helped bring manufacturing back to the US. First, the increased cost of the tariffs makes manufacturing in China more expensive. Second, as US and foreign companies pull out of China and unemployment rises, Chinese consumers have less money to spend. So, there is less of a market in China for US products. Brands like Nike and Apple found it affordable to manufacture in China because they could offset the rising labor costs with domestic sales in China. Now, those sales are winding down. At the same time, Xi Jinping is pushing propaganda encouraging patriotic Chinese to buy Chinese-made products, further reducing the market for US manufacturers. This incentivizes American companies to manufacture in the US or in a friendlier country.

Another added benefit to the US and allied nations pulling their factories out of China is that it reduces China’s opportunity for intellectual property (IP) theft. China’s technological rise is largely predicated on stealing IP from the US and other nations. Putting a stop to this theft will set China back by decades.

One of the main pieces of evidence that mainstream media cited to claim that the trade war was a failure was the fact that the tariffs had failed to reduce the U.S. trade deficit with China. However, they will need to start printing apologies because not only has Mexico displaced China as the US’s top trading partner, but the US trade deficit with China has been steadily decreasing.

Reducing Beijing’s income with tariffs, investment bans, and sanctions is crucial for national security. In addition to threatening the U.S. directly, China is the primary economic benefactor of North Korea, Russia, and the Taliban. Additionally, Iran is using the money it earns from China to fund Hamas, Hezbollah, and the Houthis.

One point where the mainstream media is right, however, is that the tariffs could be more effective. This is why they should be raised. A 60% tariff, as Trump is promising, if he is reelected, would be the final nail in the coffin for China as the world’s factory. No one could afford to manufacture there anymore.

The post China Tariffs Reduce Funding for Beijing’s Military appeared first on The Gateway Pundit.

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Photo: Screenshot from the WeChat account of the Chinese People's Liberation Army Southern Theater Command

WSJ: California Restaurants Lay Off Workers as $20 Minimum Wage Arrives

California restaurants are laying off workers ahead of a new $20-per-hour minimum wage law taking effect in the fast food industry in April, according to the Wall Street Journal.

The post WSJ: California Restaurants Lay Off Workers as $20 Minimum Wage Arrives appeared first on Breitbart.

Truth Social Shares Soar on First Day of DJT Trading

Shares of Donald Trump's social media company surged higher on Tuesday as the company began public trading under the DJT ticker symbol.

The post Truth Social Shares Soar on First Day of DJT Trading appeared first on Breitbart.

Missouri AG Andrew Bailey Sues Pro-Censorship Group Media Matters over Attack on X/Twitter

Missouri Attorney General Andrew Bailey has filed a lawsuit against leftist pro-censorship group Media Matters, accusing it of engaging in fraudulent business practices and refusing to cooperate with an ongoing investigation.

The post Missouri AG Andrew Bailey Sues Pro-Censorship Group Media Matters over Attack on X/Twitter appeared first on Breitbart.

America’s debt ‘death spiral’ gives us $1 trillion reasons to act now

America’s debt crisis continues to move into dangerous territory. The Treasury is on track to pay $1 trillion in debt service as the federal budget approaches a debt ‘death spiral.’

Poll: Immigration Bigger Issue than Inflation, Economy

President Joe Biden's easy-migration policies are the top issue facing the United States, according to the latest Harvard Harris poll.

The post Poll: Immigration Bigger Issue than Inflation, Economy appeared first on Breitbart.

Breitbart Business Digest: Trump's Truth Social Rockets to the Moon

Shares of Donald Trump's media startup catapulted a head-spinning nearly 40 percent in just a single trading session on Monday.

The post Breitbart Business Digest: Trump’s Truth Social Rockets to the Moon appeared first on Breitbart.

Haiti’s Gang War Pushes Hunger to Worst Levels on Record

International humanitarian experts said on Friday that Haiti’s gang war has pushed food insecurity to record levels.

The post Haiti’s Gang War Pushes Hunger to Worst Levels on Record appeared first on Breitbart.

Big Trouble in Elon's China: Tesla Shares Face Turbulence Due to Communist Competitors

Tesla shares experienced a significant decline on Friday as the electric vehicle giant grapples with various challenges, particularly in its crucial Chinese market.

The post Big Trouble in Elon’s China: Tesla Shares Face Turbulence Due to Communist Competitors appeared first on Breitbart.

EU Launches Antitrust Investigations into Apple, Google, Mark Zuckerberg's Meta

The European Commission has initiated five non-compliance investigations to examine whether Apple, Google, and Mark Zuckerberg's Meta are adhering to the new Digital Markets Act (DMA) antitrust rules.

The post EU Launches Antitrust Investigations into Apple, Google, Mark Zuckerberg’s Meta appeared first on Breitbart.

Latest Google Gaffe: Search Giant's AI Points Users Towards Scam and Malware Sites

Google's recently introduced AI search feature called "Search Generative Experience" (SGE) has been found to recommend malicious websites that redirect users to scams, fake giveaways, and unwanted browser extensions.

The post Latest Google Gaffe: Search Giant’s AI Points Users Towards Scam and Malware Sites appeared first on Breitbart.

U.S. Economy Picked Up Steam in February, Chicago Fed Index Says

The Chicago's Fed barometer of economic activity suggests above average growth in February.

The post U.S. Economy Picked Up Steam in February, Chicago Fed Index Says appeared first on Breitbart.

Shares of Truth Social Buyer DWAC Jump 20%

Shares jumped higher on Monday after the deal to acquire Truth Social's parent was a approved and a New York appeals court reduced the amount Donald Trump would have to pay to appeal N.Y. Attorney General Letitia James' case against him.

The post Shares of Truth Social Buyer DWAC Jump 20% appeared first on Breitbart.

Leftist Spending Spree: MacKenzie Scott Gives $640 Million to Groups Including Supporters of Trans Athletes, Migrant Criminals

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, is giving most of her $640 million in new charitable donations to radical left-wing organizations that push extreme agendas, including providing assistance for migrant criminals, and male athletes competing in women's sports.

The post Leftist Spending Spree: MacKenzie Scott Gives $640 Million to Groups Including Supporters of Trans Athletes, Migrant Criminals appeared first on Breitbart.

Hollywood Studios Reap $25 Billion from States' Film Tax Credits; Taxpayers See Massive Losses

Hollywood has reportedly received a whopping $25 billion in state tax incentives to date -- a win for studios like Disney and Netflix but a big "L" for ordinary taxpayers.

The post Hollywood Studios Reap $25 Billion from States’ Film Tax Credits; Taxpayers See Massive Losses appeared first on Breitbart.

White House: Biden Has Strong Recovery, But People 'Busy' and Watch 'The Bachelor,' Don't Follow News Constantly

On Friday’s broadcast of MSNBC’s “Morning Joe,” White House Communications Director Ben LaBolt stated that President Joe Biden put “the strongest economic recovery of anywhere on the planet” into motion, but “in 2020, for persuadable voters, the number one television

The post White House: Biden Has Strong Recovery, But People ‘Busy’ and Watch ‘The Bachelor,’ Don’t Follow News Constantly appeared first on Breitbart.

Summers: 'Green Investments' and Inflation Reduction Act Will Put Upward Pressure on Interest Rates

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the “huge set of

LGBT Community Melts Down After Biological Male Voice Actor Accuses Game Developer of 'Transphobia'

Behaviour Interactive, the developers behind the popular online survival horror game Dead By Daylight, have found themselves facing controversy after the recent addition of a new character sparked allegations of transphobia from the character's transgender voice actor. 

Deal with the Devil: Apple in Discussions with China's Baidu for iPhone AI

Apple is in preliminary discussions with Chinese tech giant Baidu to potentially use its generative AI technology in Apple devices sold in China, according to a report by the Wall Street Journal.

The post Deal with the Devil: Apple in Discussions with China’s Baidu for iPhone AI appeared first on Breitbart.

Breitbart Business Digest: The Truth About Trump's Truth Social Windfall

The shareholders of Digital World Acquisition Corp on Monday boldly aligned their fortunes with Donald Trump's Truth Social, ratifying a pact poised to endow the erstwhile and potentially returning commander-in-chief with a bounty verging on $3 billion.

The post Breitbart Business Digest: The Truth About Trump’s Truth Social Windfall appeared first on Breitbart.

Bidenflation and Bidenomics Are Deeply Unpopular With Women

Women do not just disapprove of Biden on the economy. They really, really disapprove. Forty-percent say they "strongly disapprove."

The post Bidenflation and Bidenomics Are Deeply Unpopular With Women appeared first on Breitbart.

Secret Report: Trudeau's High-Migration Canada Slides Toward Poverty and Chaos

A government report in Canada is forecasting a deep civic breakdown in the once-stable society that is now suffering from unprecedented levels of elite-imposed migration.

Speaker Mike Johnson Violates Hastert Rule in Passing $1.2 Trillion Government Funding Plan

Speaker Mike Johnson (R-LA) passed a massive $1.2 trillion government funding plan despite the objections of the majority of House Republicans, violating the Hastert Rule and crossing the Rubicon into dangerous territory for the future of his speakership.

Poll: Joe Biden Underwater on the Three Top 2024 Issues

President Joe Biden is underwater on the 3 top issues facing voters in 2024, a poll found, raising a red flag for Biden's reelection chances.

Current FTX CEO Says Disgraced Fraudster Sam Bankman-Fried's Remorse Is 'Nonexistent'

In a scathing letter to Judge Lewis Kaplan, FTX Trading CEO John Ray alleges that disgraced FTX founder Sam Bankman-Fried made "callously" and "demonstrably false" claims in his sentencing memo to secure a lighter prison term. According to Ray, the harm caused by SBF is "vast" and his remorse is "nonexistent."

The post Current FTX CEO Says Disgraced Fraudster Sam Bankman-Fried’s Remorse Is ‘Nonexistent’ appeared first on Breitbart.

Italian Prime Minister Giorgia Meloni Seeks Damages over AI-Generated Deepfake Porn

Italian Prime Minister Giorgia Meloni is seeking damages over AI-generated deepfake pornography that superimposes her face onto the body of a naked woman.

Elon Musk's Tesla Shows Cracks in Its EV Business Model

Elon Musk's Tesla, once the undisputed leader in the electric vehicle market, is now grappling with a series of challenges that threaten to undermine its dominance.

5 Key Allegations in the DOJ's Antitrust Case Against Apple

The United States Department of Justice, along with the attorneys general of 16 states and the District of Columbia, filed a landmark antitrust lawsuit against Apple on Thursday alleging that the company has unlawfully monopolized the smartphone market in the United States. Breitbart News has found five key allegations exposing Apple's monopoly power.

European Union Bows to Farmers, Imposes Restrictions on Some Ukrainian Agriculture

The EU announced on Wednesday that it would be adding several foods to its list of Ukrainian agricultural products with "emergency breaks".

Democrats Mostly Win 2024 DHS Budget Battle

This year's spending bill for homeland security includes much -- but not all -- of what Democrats and their GOP establishment allies want. 

Biden Economy: Record Number of Americans Using 'Buy Now, Pay Later' Apps

A record number of Americans have been using "buy now, pay later" apps amid the surging inflation seen in Biden's economy. 

Carney on ‘Kudlow’: Electric Vehicles Are Pushing Up Auto Insurance Prices

The Biden administration’s push for electric vehicles (EVs) is exacerbating the country's inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.

Jobless Claims Crawl Along at 210,000, Defying Expectations for a Softer Labor Market

The number of people being thrown off of payrolls and onto unemployment remains very low.

Gig Workers Take Note: DoorDash Claims Drones Will Deliver Wendy's Burgers

Food delivery service DoorDash has reportedly partnered with Alphabet's Wing drone delivery company to introduce a fast food delivery pilot in Christianburg, Virginia. The company, which typically relies on an army of gig economy workers to deliver food, claims it will now use drones to deliver Wendy's orders to customers as part of the pilot project.

REPORT: Planet Fitness Value Takes $400 Million Nosedive Following Trans Bathroom Controversy

Planet Fitness lost $400 million drop in market value after canceling the gym membership of a person who photographed a trans person in the women's locker room.

Congress to Vote on $1.2 Trillion Spending Bill Hours After 3:00 A.M. Release

Congress will vote Friday on a $1.2 trillion, 1,000-plus page spending bill revealed Thursday just before 3:00 a.m.

DOJ Hits Apple with Antitrust Lawsuit Alleging Abuse of Monopoly Power

The U.S. Department of Justice has filed an antitrust lawsuit against Apple, targeting the Silicon Valley giant for its stranglehold over the iPhone ecosystem.

Silicon Valley Blues: High Tech Job Cuts Soar to Highest Level Since Dot-Com Crash

The once-thriving tech industry is now grappling with a harsh reality as widespread layoffs continue to sweep through the sector, leaving tens of thousands of workers struggling to find new employment.

Joe Biden's 'Bloodbath' Border Killed 1,000+ Migrants in 2022

President Joe Biden's welcome lured more than 1,000 mostly Latino migrants to their deaths along his border in 2022, according to an agency statement quietly released on March 18.

Breitbart Business Digest: Keeping U.S. Steel American Isn't Protectionism

Joe Biden’s recent thumbs down on the Nippon-U.S. Steel marriage was met with the predictable shrieks of "protectionism" from self-styled free-market pundits.

iDesperate: Apple Boss Tim Cook Sucks Up to China During Shanghai Visit

Apple CEO Tim Cook, who is currently in Shanghai to open the company's eighth store in the city, has been vocal about China's critical role in Apple's supply chain and the company's commitment to investing in the country. Cook's desperate PR campaign comes as the iPhone has lost the crown as best selling smartphone in the communist country.

Bidenflation: Fed Sees Interest Rates Staying Higher For Longer to Fight Inflation

Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there.

Hollywood’s Streaming Business on the Brink as Price Hikes Push More Americans Away

Hollywood's streaming business is on the brink of catastrophe while price hikes continue to push more American subscribers away.

Intel Awarded Up to $8.5 Billion in CHIPS Act Grants for Facilities in 4 States

Intel will reportedly be awarded as much as $8.5 billion in federal grants related to the CHIPS Act, with up to $11 billion more in potential loans available. The funds are expected to be used for manufacturing and research facilities in Arizona, New Mexico, Ohio, and Oregon.

Fed Leaves Rates Unchanged But Still Sees Three Cuts This Year

Fed officials continue to expect three cuts this year while saying they need move evidence inflation is headed lower before they start cutting.

Joe Biden Issues Environmental Rule to Start Phasing Out Gas-Powered Cars

President Joe Biden has issued a new environmental federal regulation to begin phasing out gas-powered cars, requiring American automakers to produce Electric Vehicles (EVs) as part of his sweeping green energy agenda.

Merriam-Webster Defines ‘Bloodbath’ as a ‘Major Economic Disaster’

The Merriam-Webster dictionary defines the term "bloodbath" as a "major economic disaster," a characterization used by Donald Trump.

China Says Collapsing Real Estate Giant Evergrande Overstated Revenue by $78 Billion

China's securities regulating agency announced on Monday that it had banned the founder of real estate giant Evergrande from the securities market and accused the company of $78 billion fraud.

Texas School Fund Divests $8.5 Billion from BlackRock over Anti-Fossil Fuel Policies

Texas on Tuesday said it is divesting $8.5 billion from asset manager behemoth BlackRock over the company's anti-fossil fuel policies.

Planet Fitness Stock Drops After Making Women Share Restrooms with Men

Planet Fitness's stock dropped after the company demanded women share restrooms with men and told employees to use pro-transgender language.

Joann Fabrics and Crafts Files for Bankruptcy, Remains open for Business

The Joann Fabrics and Crafts company recently filed for bankruptcy but said it will continue serving customers in stores and online.

Tesla Battery Fire Causes Major Highway Closure in Illinois

Elon Musk's Tesla has suffered another safety setback after a tenacious lithium-ion fire battery suddenly hit a Tesla EV driving on an Ohio highway which led to a three-hour closure of the northbound lanes of Route 255 in Bethalto, Illinois on Sunday. Thankfully, the driver and their passengers safely escaped the burning vehicle before it was too late.

Housing Starts Jump Much Higher Than Expected

After the downturn in January, February saw explosive growth in residential construction.

RFK Jr. Backs GOP Lawsuits Against Biden Administration over Social Media Censorship

Independent presidential candidate Robert F. Kennedy, Jr. has voiced support for Republican-led lawsuits accusing the Biden administration of unlawfully coercing social media platforms to censor content.

Biden Adviser: We're Managing Green Transition by Ensuring Lower Prices, Gas Prices Lower than Europe and Elsewhere

On Monday’s broadcast of CNBC’s “Last Call,” Biden Senior Adviser for Energy and Investment Amos Hochstein said the Biden administration is “managing our energy transition by making sure prices are lower.” And “Gasoline prices are lower than they are in Europe

Exclusive: Trump Considers Campaign Stop at Mothballed Virginia Factory to Highlight Biden’s ‘Made in America’ Screwups

Former President Donald Trump told Breitbart News exclusively he is considering taking up an offer for a tour from the CEO of a Virginia factory that is not producing anything right now because Democrat President Joe Biden’s administration screwed up Trump’s “Made in America” initiatives.

Chinese Auto Executive: 'Bloodbath' Coming for American Auto Industry

He Xiaopeng, the CEO of XPeng Motors, predicts a "bloodbath" against America's auto industry with the help of cheap China-made electric vehicles (EVs).

Report: Tyson Foods Inc. Plans to Hire 42,000 More Migrants

Tyson Foods Inc. is reportedly hoping to offer employment to more migrants, as President Joe Biden says he wants more of them to fill jobs.

Poll: Majority of Voters Are 'Struggling' Under Joe Biden's Inflation

A majority of voters are "struggling" under President Joe Biden's soaring inflation, a McLaughlin and Associates poll found Monday.

Breitbart Business Digest: The Economy Is Not Being Throttled by High Interest Rates

Despite the Fed's belief that monetary policy is restrictive, the U.S. economy was frolicking along at a robust four percent growth rate in the latter half of the previous annum.

Report: Laid-off Hollywood Executives Panic as Jobs Vanish -- 'This Is a Full-Scale Depression'

Hollywood suits who have been laid off amid the recent rounds of studio budget cuts are worried that they are facing the prospect of long-term unemployment as the industry and overall economy show few signs of rebounding, according to a new report.

iDisaster: Apple in Talks to Integrate Google's Ultra Woke Gemini AI in iPhones

Despite recent concerns about Google's disastrous launch of the ultra-woke Gemini AI including its tendency to erase white people from history, Apple is in talks to integrate Gemini into future iPhone models.

Media Research Center: Google Interfered in 41 U.S. Elections over 16 Years

A new study by the Media Research Center alleges that Google has repeatedly interfered in U.S. elections, favoring leftist candidates and suppressing conservative voices.

Tyson Foods Faces Boycott After Firing 1,200 Americans, 'Would Like to Employ' 42,000 Migrants

Tyson Foods is suffering a backlash after laying off 1,200 American workers only to turn around and announce the hiring of 42,000 illegals.

Bidenomics: Rising Gas Prices Are 45% Pricier Under Joe Biden

American drivers pay 45 percent more to fuel their daily commutes since President Joe Biden ascended to the White House, AAA data shows.

Go Green: Hertz Replacing CEO After Bet on Electric Vehicles Falls Apart

The chief executive officer of rental car company Hertz Global Holdings Inc. is resigning after a bet on electric vehicles crumbled.

America First Legal Exposes Federal Government Pushing for Aggressive Censorship of Independent Voices

Internal documents obtained by America First Legal from the United States Agency for International Development (USAID) have revealed a disturbing initiative to promote widespread censorship practices across various sectors, aimed at suppressing independent perspectives and alternative narratives. Among the tactics included in the report, the agency advocates for "Advertiser Outreach" to cut "financial report" for those who don't toe the government's line.

Here’s how woke banking is deciding your loans

Woke lunacy, both DEI and its cousin ESG, are in retreat. Except in the banking sector. Lenders are deciding your loans based on race because they know Biden will cover for them.

'Americans Want This to Stop': Campaign to Ban Members of Congress from Stock Trading Heats Up

Research showing politicians made trades worth more than $1 billion in 2023 has bolstered a campaign to ban congressional leaders from stock trading, a practice that has long been criticized.

Study: Netflix Pays Its Top Executives Nearly 3x More Than Its Federal Tax Bill

The left-wing streamer Netflix pays its executives more money than it pays in federal taxes, according to a new study of the country's most flagrant corporate "tax dodgers."

Elon's EV Blues: Tesla Is the Worst Performing Stock in S&P 500 This Year

Elon Musk's Tesla, once hailed as the vanguard of the electric vehicle revolution, is facing mounting doubts about its ability to sustain growth and maintain its dominance in the increasingly competitive EV market. With its shares down 32 percent since January, the electric vehicle giant is the worst performing stock in the S&P 500 so far this year.

Exclusive: MAGA Inc's Alex Pfeiffer: 'Facts Aren’t on Biden and the Democrats’ Side'

Alex Pfeiffer, the communications director for the pro-Trump super PAC MAGA Inc., told Sirius XM’s Breitbart News Saturday that Democrats are panicked as President Joe Biden enters the general election, “because the facts aren’t on” their “side.”

Brain Rot: YouTube Is Being Flooded with AI-Generated Videos Aimed at Children

Video creators are increasingly turning to AI tools to rapidly produce low-quality videos targeting children on YouTube, raising concerns about the impact of such content on kids.

Industrial Production Snaps Back From January's Winter Weather Slump

Factory output is down from a year ago but mining—including oil and gas drilling—is up.

Texas Files Suit Against 'Colony Ridge' Developer for Allegedly Luring Migrants into Foreclosure Scheme

Texas Attorney General Ken Paxton (R) has filed suit against the real estate developers behind "Colony Ridge," the sprawling development northeast of Houston, for allegedly luring migrants into a foreclosure scheme.

Exclusive – Trump 2024 National Press Secretary Karoline Leavitt: The Republican Party 'Is the Party of Women'

ALEXANDRIA, VIRGINIA – Trump Campaign National press secretary Karoline Leavitt declared Friday that the Republican Party "is the party of women” at the National Federation of Republican Women’s (NFRW) Spring 2024 Board Meeting.

El Salvador Takes Bitcoin Victory Lap, Plans Transfer to ‘Piggy Bank’ Physical Vault

Salvadoran President Nayib Bukele announced on Thursday evening that the Central American country has moved some $400 million worth of Bitcoin cryptocurrency assets to a "cold wallet" secured in a physical vault in the country's territory.

They Want Your Kids: Pornhub Blocks Access for Users in Texas over Age Verification Law

Pornhub and other affiliated porn websites have blocked access to their sites for people in Texas over the state’s new age verification law. 

Lawsuit: Woke Google Discriminated Against Diversity 'Poster Child' Based on Race and Disability

Jalon Hall, a black woman who worked at Google and was treated as a poster child for diversity based on her deafness, has accused the tech giant of subjecting her to both racism and "audism," discrimination based on her hearing disability.

Bernie Sanders Introduces Four-Day Workweek Bill

Sen. Bernie Sanders (I-VT) introduced legislation on Thursday that would reduce the average workweek to 32 hours.

Jobless Claims Drop in Latest Challenge to Fed Rate Cut Plans

Jobless claims this year have been below last year's average, indicating that the labor market is not softening.

White House: We're Still Making Inflation Progress, Last Two Months Had 'Seasonality'

During an interview with Bloomberg on Thursday, White House National Economic Council Deputy Director Daniel Hornung stated that "our progress on inflation does continue," but "we've expected some seasonality in January and February. We didn't expect the progress to continue on a straight line."

One Step Closer to Terminators: Figure Introduces Humanoid Robot Powered by OpenAI

A robotics startup named Figure has showcased a humanoid robot that integrates OpenAI's advanced language technology, enabling it to engage in real-time conversations and perform tasks simultaneously.

Living the Luxe Life

(John Hinderaker)

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.

Irony Alert: CEO of Communist China's TikTok Urges Americans to 'Protect Your Constitutional Rights'

Shou Chew, the CEO of communist China's TikTok, responded to the House of Representatives passing legislation that could ban the Chinese app in the United States unless Chinese tech giant ByteDance sells the social media platform within six months. "Protect your constitutional rights," Chew ironically told U.S. TikTok users.

No Lessons Learned: Adobe's Woke AI Follows in Google's Footsteps by Erasing History

Adobe's AI image creation tool, Firefly, has stumbled into the same pitfalls as Google's Gemini AI by creating woke revisions of history, raising concerns about the limitations and biases inherent in generative AI systems.

FBI and DHS Are Monitoring Gamers for Signs of 'Extremism'

Claiming it is targeting the growing threat of violent extremism, the FBI and the Department of Homeland Security (DHS) have established mechanisms to share information and coordinate with gaming companies and social media platforms, according to a recent Government Accountability Office (GAO) report.

Former Treasury Secretary Steven Mnuchin Building Investor Group to Buy China's TikTok

Former Treasury Secretary Steven Mnuchin is reportedly building an investor group to buy the social media platform TikTok from its parent company, Chinese tech giant ByteDance.

Yell About This: Inflation Surges Twice As Much As Expected

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By Pieter Brueghel the Younger – Artdaily.org, Public Domain/Wikicommons

No, Mr. Biden, it is not true that some big corporations earned $40 billion in profits and paid no taxes.

President Biden’s State of the Union Address was just riddled with economic misinformation and misunderstandings. After nearly four years of failing Bidenomics, the country only averted a recession because the administration changed the definition. As the deficit, debt, under-employment, and inflation rise, scrambling for cash, the president is looking to raise taxes on mean old corporations.

Increasing taxes on greedy corporations may sound like a good idea, but unless you are on welfare, self-employed, or work for the government, your salary comes from a greedy corporation. And the greedier that corporation is, the more money it makes, the more jobs it creates, and the more salaries it pays. Increasing taxes on corporations increases costs, decreases corporate expansion, and encourages reducing the number of personnel. It also drives up the cost of products, resulting in fewer jobs and higher prices.

During the State of the Union address, Biden repeated his favorite statistic: “In 2020, 55 of the biggest companies in America made $40 billion in profits and paid zero in federal income taxes.” And, of course, this is complete nonsense. Companies are taxed on profits. Usually, when socialists make these types of claims, they are referring to gross revenue. In this case, Biden is misquoting a study done by a left-leaning think tank, ITEP, which looked at “pretax profits,” a questionable term. What they were probably examining was pretax income, not profits.

Pre-tax income refers to the total revenue a company earns before accounting for taxes, while profits typically refer to the income remaining after deducting all expenses, including taxes. If the study was indeed looking at pre-tax income rather than profits, it’s possible that these companies reported substantial revenues but utilized various legal deductions, credits, and other tax strategies to reduce their taxable income, resulting in a lower effective tax rate or no federal income tax liability for that specific year.

The irony of the tax credits companies use to avoid paying taxes is that many of them come from liberal Democrat policies. Companies get tax breaks for green initiatives, meeting diversity goals, employing the disabled, Research and Development Tax Credit, Work Opportunity Tax Credit (WOTC), Renewable Energy Tax Credits, Historic Rehabilitation Tax Credit, New Markets Tax Credit (NMTC), Opportunity Zone Tax Incentives, Employee Retention Tax Credit, Qualified Small Business Stock (QSBS) Exclusion, Energy-Efficient Commercial Buildings Tax Deduction, and Health Coverage Tax Credits.

The White House complains about companies using their tax credits while simultaneously inventing new ones.

The average American is suffering under the weight of Bidenflation, coupled with a decline in full-time employment. According to the Bureau of Labor Statistics, “The number of people employed part-time for economic reasons, at 4.4 million, changed little in February. These individuals, who would have preferred full-time employment, were working part-time because their hours had been reduced or they were unable to find full-time jobs.”

Knowing he has to do something to help people’s checkbooks, Biden has decided to go after nuisance charges. In the State of the Union, Biden said, “I’m also getting rid of junk fees—those hidden fees added at the end of your bills without your knowledge. My administration just announced we’re cutting credit card late fees from $32 to just $8.” And while I hate junk fees as much as anyone else, they are there to keep the price down. Take the fees away, and prices will go up to match the current price plus fees.

Thirty years ago, you did not see a line item on your plane ticket receipt showing that you had paid for checked baggage. But you did pay for it. The cost was just built into your ticket. Then oil became prohibitively expensive, and the price of plane tickets went up. So, to bring the price down slightly, the airlines charged a lower price to people without baggage. Today, if you pay $50 for your bag, that is the price of moving one bag from point A to point B. And you only pay for it if you have a bag. But under the old system, because airlines knew some people had bags and some didn’t, every ticket included an average of, say, $30, which everyone paid. If the government tells the airlines they cannot charge you $50 for luggage, they will just add it back into the ticket price, and everyone will pay it, whether they have a bag or not.

Corporations are already facing higher costs than they did under Trump, owing to gasoline being 50% more expensive and interest rates being about five times higher. In many Democrat states and municipalities, companies are being forced to pay above-market rates for low-skilled and unskilled work. The minimum wage in some places is now between $15 and $20 per hour. Companies are also facing higher theft and rising insurance costs. And most haven’t recovered the money they lost during two years of Biden-induced lockdowns and supply chain disruptions.

Eliminating fees (how that would even be legal or how it would be enforced is a frightening prospect) and slapping higher taxes on top of four years of economic destruction is just going to make it even harder for companies that are not Amazon and Walmart to remain in business.

The post Biden Wrong on Corporate Profits and Taxes appeared first on The Gateway Pundit.

Pieter_Brueghel_the_Younger,_’Paying_the_Tax_(The_Tax_Collector)’_oil_on_panel,_1620-1640._USC_Fisher_Museum_of_Art

By Pieter Brueghel the Younger - Artdaily.org, Public Domain, https://commons.wikimedia.org/w/index.php?curid=10787890

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