Month: May 2021

Greg Hunter gives the Weekly News Wrap-Up for Friday, May 7, 2021 Montana is the first state to cancel unemployment benefits.  It is in response to the very tight labor market as the economy opens back up to an unprecedented worker shortage.  16 million people are still on some form of unemployment at the state or federal … Read more

It may take more than a much-weaker-than-expected April jobs report to kill the U.S. stock market rally, analysts said, though the popular reflation trade — bets that stocks more sensitive to the economic cycle will outperform their peers — saw a modest setback on Friday. “The market is rallying as the disappointment leaves the door … Read more

The power to tax has long conferred the power to destroy political opponents. But in the glorious era of President Joe Biden, all previous cases of government abuse of power are being expunged, at least by the media and Biden supporters. That is why it is supposedly safe to vastly increase the power of perhaps … Read more

https://twitter.com/JackPosobiec/status/1391083931798212620   h/t coorslight

The rise of social media has been one of the most powerful technological advances in world history. It has given a voice to the voiceless, a platform to every person across the globe, and a forum to those without a space to share their thoughts – from the small farmer in a third world country, … Read more

by Oak He owns a popular restaurant. He used to pay minimum wage and the staff made their money in tips. So, to get his employees to come back to work (and get off unemployment), he agreed with their unofficial union to pay $17.50/hour. They ALL came back to work. Then he put a sign … Read more

WASHINGTON – The Biden administration said Monday that it would allow 62,500 refugees to resettle in the United States this year, reversing course after the White House initially said it would keep a historically low Trump-era limit on those fleeing war, violence and persecution. President Joe Biden made the announcement weeks after he sparked a political uproar from human rights groups … Read more

"College Station police said the 34-year-old man was arrested and charged with evading detention, resisting arrest, and resisting transport." … IT'S A TRAFFIC VIOLATION JUST GIVE HIM A FUCKING TICKET AND LET HIM GO 🤦🏽‍♂️https://t.co/VwA3Z0jVo0 — Fifty Shades of Whey (@davenewworld_2) May 7, 2021

by: Stefan Gleason Yesterday’s release of the April Non-Farm Payrolls report fueled a new gold rally. The yellow metal gained over $20 per ounce on the news. The jobs report was a major piece of economic data-possibly the most important of the month. Expectations were high-consensus estimates were looking for an additional 1 million jobs … Read more

Twitter Inc suspended several accounts this week that were set up to share statements from a new part of former US President Donald Trump’s website, saying they broke its rules against evading an account ban. Trump was banned from Twitter, where he had more than 88 million followers, and multiple other social media platforms following … Read more

All the businesses in my area, even Walmart are having rolling closures due to staff not coming to work or not being able to find employees. Some of the restaurants are having to close on the weekends because they dont have workers. I have never seen this before. And, it isnt like it is something … Read more

WTF? pic.twitter.com/iX67c4Gm6s — Paw3🇵🇱 (@Pawel21597781) May 7, 2021 h/t dr0id

A cyberattack forced the shutdown of one of the largest pipelines in the United States, in what appeared to be a significant attempt to disrupt vulnerable energy infrastructure. The pipeline carries refined gasoline and jet fuel up the East Coast from Texas to New York. The operator of the system, Colonial Pipeline, said in a … Read more

https://www.marketwatch.com/story/uber-investors-finally-see-the-costs-of-treating-drivers-as-employees-and-the-stock-is-falling-11620265604 Uber Technologies Inc. has spent and fought to keep its drivers from becoming classified as employees instead of contractors, and investors finally got a glimpse of the financial reasons on Wednesday. Uber UBER, -3.42% broke out $600 million from its total revenue of $3.5 billion to account “for the resolution of historical claims in … Read more

What shortages are you seeing? Please add your location https://www.businessinsider.com/why-supply-shortages-economy-inventory-chips-lumber-cars-toilet-paper-2021-5#plastics-and-palm-oil-4 Short summary from article : Computer chips Used cars and rental cars Gasoline Plastics and palm oil Trucking Homes and vacation houses Lumber Household products like toilet paper and tampons Furniture Chicken Bacon and hot dogs Imported foods like cheese, coffee, and olive oil Chlorine … Read more

https://twitter.com/NorthmanTrader/status/1390642011972292608 "If the “data available” is not capturing the full scale of risks between the hedge funds and the mega banks and the broker dealers they own, then there is zero evidentiary support for the Fed to state that “Banks remain well capitalized.”https://t.co/GCXX9Z6QaY pic.twitter.com/JwjmvyFlZK — M/1_LP (@MI_Investments) May 7, 2021

https://twitter.com/disclosetv/status/1390677979349635077   h/t coorslight