The U.S. federal deficit surged 156 percent in the year through June as expenditures jumped while revenues continued to weaken, according to the Department of the Treasury. The latest monthly Treasury statement (pdf), released on July 13, shows that the government posted a $228 billion budget deficit in June, up sharply compared to a budget…
Budget Deficit Increases 156 Percent as Expenditures Soar, Revenues Shrink
Google Being Sued Over New AI Data-Scraping Privacy Policy
July 13, 2023
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One week after Google updated its user privacy policy to allow data scraping from millions of users for artificial intelligence (AI) training purposes, the tech giant is now facing a class-action lawsuit. Google, its parent company Alphabet, and Google’s AI subsidiary DeepMind, were accused in a July 11 filing in a federal court in San…
Former Anheuser-Busch Exec Warns More Layoffs Could Occur Amid Bud Light Struggle
A former Anheuser-Busch executive warned that Bud Light’s continuous decline in sales will lead to more layoffs amid a months-long boycott that was initiated in early April, saying that “more employees” could be “at risk.” The executive, Anson Frericks, a former president of operations for Anheuser-Busch, recently spoke with Fox Business Network’s “The Claman Countdown”…
‘Highest Principles of Journalism’: Congressman Reads History of The Epoch Times on House Floor
July 13, 2023
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Rep. Ralph Norman (R-S.C.) spoke on the House floor on Thursday about the origins of The Epoch Times, shedding light on its ongoing mission to provide uncensored information to readers around the world despite facing oppression by the Chinese communist regime. Mr. Norman began his speech by telling the story of John Tang, founder of…
Congressman Reads History of the Epoch Times on House Floor
July 13, 2023
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Business & MarketsChina NewsCompaniescongresshousejournalismMedia & Big TechPoliticsRalph Normanthe epoch timesUSUS NewsUS-China relations
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Rep. Ralph Norman (R-S.C.) spoke on the House floor on Thursday about the origins of The Epoch Times, shedding light on its ongoing mission to provide uncensored information to readers around the world despite facing oppression by the Chinese communist regime. Mr. Norman began his speech by telling the story of John Tang, founder of…
US Wholesale Prices for June Point to Further Easing of Inflation Pressures
WASHINGTON—Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes. The government’s producer price index—which measures inflation before it reaches consumers—rose just 0.1 percent last month from June 2022, the smallest such increase since August…
Sunak Tells Unions to Halt Strikes After Announcing ‘Final’ Pay Offer
Rishi Sunak has challenged union leaders to call off strike action after offering public sector workers pay rises of up to 7 percent. The prime minister said on Thursday that he has accepted the recommendations from independent pay review bodies, including 6.5 percent increases for teachers in England for 2023-24, which the education unions said…
US Applications for Jobless Benefits Fall Again as Labor Market Continues to Defy the Fed Actions
The number of Americans applying for jobless benefits fell again last week as the labor market continues defy the Federal Reserve’s attempt to cool it through higher interest rates. U.S. applications for jobless claims fell by 12,000 to 237,000 for the week ending July 8, from 249,000 previous week, the Labor Department reported Thursday. The…
Over 100 Million Americans Affected by Tax Data Sharing: Expert
Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Google and Facebook parent company Meta over the course of at least two years, according to a group of congressional Democrats Wednesday. …
Inflation Closing In on Fed’s Target: Analyst
U.S. consumer prices saw their smallest increase on a yearly basis in more than two years in June. The headline CPI reported on Wednesday showed that inflation is subsiding. The considerable slowdown in underlying inflation sparked a rally in the stock and bond markets. Some investors are convinced the U.S. central bank’s fastest monetary policy…
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