TOKYO—Japan cut its economic view for the first time in four months as a surge in COVID-19 cases disrupted manufacturers’ global supply chains and dampened consumer confidence. In a monthly assessment approved by the cabinet on Thursday, the government pointed to domestic and overseas virus situations as evident downside risks to the country’s economic recovery….
Japan Cuts Economic View on Weaker Production, Spending Due to COVID-19 Revival
Illinois Congressmen Vote on Trillions More in Federal Spending
August 25, 2021
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Members of Illinois’ Congressional delegation are weighing in on the $3.5 trillion spending plan the U.S. House allowed to proceed Tuesday. The Democrats’ resolution, passed along party lines, could mean a major expansion of benefits. Before the vote to allow the $3.5 trillion spending proposal to be crafted, Rep. Bill Foster (D-Ill.) said in a…
Former Gov. Jerry Brown Criticizes California’s Spending
July 14, 2021
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Former California Gov. Jerry Brown criticized the state for “spending money wildly” a day before Gov. Gavin Newsom signed a $100 billion California Comeback Plan. “Money doesn’t grow on trees,” Brown said during a July 11 interview with NBC. “Federal government is getting deeply into debt. They’re spending money wildly. The state is now spending money, it’s not sustainable.” He continued,…
Newsom Announces $1 Billion Initiative to Clean California’s Streets
July 7, 2021
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Gov. Gavin Newsom on July 7 announced a $1.1 billion initiative to clean California’s roads and public spaces, including homeless encampments. “California is the most beautiful place in the word, but our streets are simply too dirty,” Newsom said in a tweet. “It’s time to clean them.” The governor said during a July 7 press conference in…
Biden’s Budget Proposal Shows Massive Spending Will Yield Tepid Growth
WASHINGTON— President Joe Biden released on May 28 his budget proposal for next year, which showed a modest economic growth projections over the next decade. Biden’s $6 trillion budget plan for fiscal year 2022 calls for increased spending on infrastructure, education, childcare, and clean energy. The significant jump in spending reflects his earlier announced infrastructure…
Competing Infrastructure Pronouncements Use Large, Mostly Nonsensical Numbers
May 28, 2021
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Commentary A group of four Republican senators on May 27 unveiled a $928 billion infrastructure spending plan. It was in response to U.S. President Joe Biden administration’s cutting about $74 billion from its proposed $2.3 trillion infrastructure proposal which, according to The Epoch Times’ analysis, was only intended to spend 21 percent on traditional infrastructure….
Santa Ana Outlines $130 Million Federal Aid Spending Plan
May 26, 2021
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The City of Santa Ana, Calif. on May 24 revealed its spending strategy for the $130 million in federal funds it will receive through the American Rescue Plan Act (ARPA). The funds will be delivered to the city’s designated departments in two tranches, one year apart. Santa Ana will receive $79.5 million in the first installment. The city is…
Biden Tries to Rally Support in Georgia for $4 Trillion In Spending Plans, Paid for By Tax Hikes
President Joe Biden spoke at a drive-in rally in Georgia on Thursday, seeking to build public support for $4 trillion in new spending on infrastructure and a vast expansion of the federal social safety net, to be paid for chiefly by tax hikes on corporations and wealthy Americans. Moments after Biden took to the stage…
Biden Pretends to Follow Old Rules of Politics, and the Media Join In
Commentary The funniest headline of the year to date popped up in The Washington Post a few weeks ago. A joint effort by the Post’s Annie Linskey, Jeff Stein and Ashley Parker promised readers to explain: “How Joe Biden tamed the left—at least for now.” Ha ha. Who didn’t already know by April Fool’s day…
How Can I Stop Living Paycheck to Paycheck?
Dear Carrie: I’m a single mom with a decent income, but I’m always living paycheck to paycheck. How can I break that cycle and start to save, not only for an emergency but also for my bigger goals like retirement and maybe even a home?—A Reader Dear Reader: Living paycheck to paycheck isn’t uncommon these…
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