The White House announced Dec. 2 that it will order federal agencies to direct 11 percent of government spending contracts to minority and underserved small businesses next year at more than twice the current level. The 11 percent increase goes well beyond the 5 percent mandated by law. This announcement is a step toward the…
White House Asks Federal Agencies to Buy More From Small Disadvantaged Businesses
Powell: Fed ‘Not at All Sure’ Inflation Will Fade Next Year
WASHINGTON—In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can’t be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial Services Committee that most economists regard the current price spikes, which have…
Here’s How Stocks Have Performed Under Fed Chair Jerome Powell, so Far
For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post-COVID-19 pandemic tightening program. Stocks finished down last…
Corporations Don’t Really Pay Taxes, but You Do | Truth Over News
President Joe Biden has repeatedly stated that he’s going to raise corporate taxes to pay for his progressive programs. Biden’s Build Back Better program includes $1.85 trillion in spending and “up to” $1.995 trillion in revenue, including taxes on large corporations and the wealthy. But who actually pays corporate taxes? Hint: it isn’t the corporations….
Why Is McKinsey Providing Counsel to Both China and the US?
Commentary Powerful people, including ex-presidents, have spoken about shadow governments; the idea that real power resides with private individuals, not with elected officials. “Behind the ostensible government,” warned Teddy Roosevelt, “sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people.” The first task of a true statesman, he argued, involved the…
Barclays Raises 2022 Oil Price View on Faster Inventory Drawdown
Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year. The bank raised its 2022 average price forecast by $3 to $80 and $77 per barrel for Brent and West Texas Intermediate (WTI) respectively. Oil prices fell on…
Gas Prices Are Rising. Who Did That?
News Analysis The stickers are a smash hit. At the top: President Joe Biden, pointing with double finger guns or, in one of several other versions, a single outstretched finger. Underneath him, in bold black text: “I Did That!” or a variation thereof. Slapped on a gas pump next to the digital meter display, the…
Biden Silent on Fentanyl Scourge During Summit With Xi
Commentary Fentanyl overdoses in the United States are at epidemic levels. Why did President Joe Biden give Chinese leader Xi Jinping a pass on the subject during “frank discussions” at the virtual summit on Nov. 15? Biden and Xi spent three-and-a-half hours discussing various issues, but one might have expected that the topic of fentanyl…
Kamala Harris’ Communications Director Leaving Biden Administration: White House Official
Vice President Kamala Harris’ communications director, Ashley Etienne, is leaving the Biden administration, a White House official confirmed to multiple outlets on Thursday. “Ashley is a valued member of the vice president’s team, who has worked tirelessly to advance the goals of this administration,” the official told CNN. “She is leaving the office in December to…
Multi-Circuit Lottery May Decide Fate of Biden’s Vaccine Mandate for 84 Million Workers
A “multi-circuit lottery” is expected to be held this week that will determine the fate of the Biden administration’s vaccine mandate issued by the Occupational Safety and Health Administration (OSHA) which set a Jan. 4 deadline for an estimated 84 million private sector workers to be vaccinated against COVID-19 or be tested weekly and wear a mask….
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