Unemployment remained historically low in November as the number of new jobs soared past economists’ forecasts, according to data from the Bureau of Labor Statistics released Friday. Total nonfarm employment increased by 263,000 last month, surpassing analysts’ expectations of 200,000 new positions. The unemployment rate was unchanged from the previous month at 3.7%. “The November …
Author: Ben Zeisloft
Alex Jones Files For Bankruptcy
Infowars founder Alex Jones filed for personal bankruptcy Friday, citing the almost $1.5 billion in payments he was ordered to pay the families of children killed in the shooting at Sandy Hook Elementary School. The conspiracy theorist filed the Chapter 11 documents with the Southern District of Texas months after Free Speech Systems, the parent …
Florida Might Return Disney’s Special Privileges After CEO Bemoans Company’s Political Activism; But There’s A Huge Catch
Lawmakers in Florida are currently working to reverse the state government’s move to end the Reedy Creek Improvement District, a special zone that hosted Disney theme parks and allowed the entertainment conglomerate to enjoy taxation and regulatory privileges, according to a report from the Financial Times. The pivot from state lawmakers came after Disney voiced …
Stacey Abrams Spokesman Denies She Lobbied Biden To Become One Of The Nation’s Top Regulators
Weeks after losing her second attempt to become the governor of Georgia, Stacey Abrams might already have her eyes on a new position: the federal government’s top telecommunications regulator. The Democrat asked members of the Biden administration to appoint her as the next chair of the Federal Communications Commission, an agency responsible for regulating cable, …
India Will Surpass Japan And Germany As The World’s Third Largest Economy
India is projected to surpass Japan and Germany as the world’s third-largest economy in the next decade, according to a forecast from ratings agency S&P Global. The real gross domestic product of India will average 6.3% yearly growth between fiscal years 2021 and 2030, enabling the country to surpass Japan and Germany in nominal terms. …
Harvard Professor Warns CEOs That 3% Of Their Employees Are ‘Activists’ Bullying Coworkers About Politics Instead Of Working
Harvard University Management Professor Arthur Brooks admonished corporate leaders to reject the bullying of woke employees and focus on their bottom lines rather than involve themselves in culture war battles. During an interview with CNBC anchor Joe Kernen, the former president of the American Enterprise Institute observed that only a slim subset of the population …
Federal Reserve Chair Jerome Powell Discusses Future Slowdown Of Rate Hikes
Federal Reserve Chair Jerome Powell remarked during a Wednesday speech that central bankers will likely slow their implementation of contractionary monetary policy this month. In an attempt to stimulate the economy after the onset of the lockdown-induced recession, policymakers established a 0% target interest rate and began acquiring government bonds from market actors. Powell and …
Top Commodities Regulator Tells Senators He Met With Sam Bankman-Fried 10 Times
Members of the Senate Agriculture Committee discussed the collapse of cryptocurrency exchange FTX in a Thursday hearing, during which a top regulator acknowledged that he met with former CEO Sam Bankman-Fried on multiple occasions. FTX recently filed for bankruptcy after users discovered that trading firm Alameda Research, a company run by Caroline Ellison — a …
Florida Pulling $2 Billion From BlackRock As Company Pushes ‘Social-Engineering’ With Taxpayer Dollars
The state of Florida will divest $2 billion from BlackRock due to the asset management company’s efforts to advance the environmental, social, and governance movement, also known as ESG. Florida CFO Jimmy Patronis announced that the Florida Treasury “will be taking its business elsewhere” for $1.4 billion worth of long-term securities and $600 million worth …
Sam Bankman-Fried Denies Wrongdoing In FTX Implosion During Live-Streamed New York Times Interview
New York Times financial columnist Andrew Ross Sorkin interviewed former FTX CEO Sam Bankman-Fried after his cryptocurrency empire imploded. FTX recently filed for bankruptcy after users discovered that trading firm Alameda Research, a company run by former Bankman-Fried love interest Caroline Ellison, had allegedly been using funds from FTX to make bets. During the live-streamed …