Independent thinking for complex markets and current events
They thought these loans would be forgiven, so they all made the minimum payments while Biden was in office Now she's accrued over $140k in interest Student loans are non bankrupt-able, and the lender will garnish her wages and tax returns for the rest of her life🤡 — NVIDIA INVESTOR (@NVDA_Investor) July 1, 2026 I …
Activists in Seattle said app-based gig workers were being exploited. So politicians eagerly came to the rescue with a new $26 minimum wage. The politicians believed companies like Uber and Doordash make so much money they could eat the cost without raising prices. Judge Glock of the Manhattan Institute explains why that’s not true. “Obviously, …
What I expect in the next 24–48 hours: They will let 30–50 ships per day through (maybe up to 60 on some days). (Current level is ~15 ships/day. Normal is 130–140.) Most of those ships will be from “friendly” countries: China, India, Russia, Iraq, Malaysia, etc. They will still inspect, delay, or selectively approve tankers …
House Republicans have teed up a vote Friday night on a stopgap bill to fund the Department of Homeland Security (DHS) at fiscal year 2025 levels for an additional eight weeks, after their stunning rebuke of a Senate-passed deal to fund most of the department. The bill is expected to pass, assuming the GOP doesn’t …
🚨🚨 Oakland just elected a new mayor who thinks a $50 minimum wage will solve inflation pic.twitter.com/MFO9cWpwkp — JOSH DUNLAP (@JDunlap1974) February 1, 2026 Barbara Lee got sworn in as Oakland Mayor back in May 2025 and she aint wasting no time bringing back that $50 an hour wage talk. She keep pointing at that …
Alabama Annual cost of living: $53,999 Savings you need to retire: $789,037 Alaska Annual cost of living: $78,449 Savings you need to retire: $1,400,286 Arizona Annual cost of living: $66,838 Savings you need to retire: $1,110,019 Arkansas Annual cost of living: $54,859 Savings you need to retire: $810,538 California Annual cost of living: $83,978 Savings …
The past two weeks have marked a historic moment in the precious metals market. Both gold and silver have reached record highs multiple times, driven by a convergence of global uncertainty, inflation concerns, and renewed interest in hard assets. With these price movements has come a surge in demand—one unlike anything we’ve seen in years— …
New Yorkers will see minimum wage hikes on New Year’s Day, with the rate rising to $17 per hour in the Big Apple, Westchester and Long Island while reaching $16 in the rest of the state. The $0.50-an-hour hikes will mark the third minimum-wage increase in three years and come as nearly two dozen states …
by Michael If your household is struggling to pay the bills right now, you are far from alone. The cost of just about everything that Americans regularly spend money on has been soaring, and as a result our standard of living has been steadily declining. Over the past couple of decades, our politicians borrowed and spent …
Eliminating the tipped wage in D.C. has led to higher prices and fewer restaurant jobs. https://reason.com/video/2024/11/21/why-these-workers-want-a-lower-minimum-wage/ — When labor activists came to Washington, D.C. demanding higher wages for restaurant workers, they clashed with an unexpected adversary: restaurant workers. A few decades ago, waiting tables or bartending in the nation’s capital could be quite lucrative. “The …
🚨BREAKING: President Trump announces his administration will carry out a BARE MINIMUM of 1 million criminal alien deportations per year. pic.twitter.com/FnlOxcnkiJ — Benny Johnson (@bennyjohnson) June 26, 2025 President Trump: “We’re cutting $1.7 trillion in this bill and you’re not gonna feel any of it. Your Medicaid is left alone.” The only people losing Medicaid …
by Mike Shedlock With benefits, the effective wage is $38.35. This is inflationary. New Minimum Wage AI Overview Los Angeles is moving towards a $30 minimum wage for hotel and airport workers by 2028, a move supported by unions and some council members who believe it will benefit the local economy. The city council passed …
🚨🇨🇦 This is crazy – Canada took in 817,000 people into the Country in just 4 months. Canadas total population is 40M. Now Canadians can’t get jobs, buy or rent property & access to services is in rapid decline. This is the queue for one of their job centres. Politicians have… pic.twitter.com/bg6ckQsSNS — Concerned Citizen …
More and more older Americans are finding themselves stuck in a reality they never expected—working minimum wage jobs deep into their 60s and 70s. In this video, we take a closer look at the growing trend of baby boomers and Gen Xers who simply can’t afford to retire. With little to no savings or investments, …
https://fred.stlouisfed.org/series/RCCCBSHRMIN h/t kmmeow1
Oakland just elected a new mayor who thinks a $50 minimum wage will solve inflation pic.twitter.com/SKz70z8pj8 — End Wokeness (@EndWokeness) April 22, 2025
Osaka Ramen serves both traditional and non-traditional ramen, with a variety of broth and protein options. The menu also includes bento boxes, sides and desserts. The restaurant announced on Wednesday that it will close its doors for good in less than two weeks. “The decision to close comes amid significant challenges facing Denver’s restaurant industry, …
So public transit is a multi-trillion biz with magnificent margins, yes (that’s essentially what he’s saying)? These people sound like 1990s televangelist pastors asking for $ on TV from minimum wage workers in the rust belt. https://t.co/9HeqGCbezM — Gordon Johnson (@GordonJohnson19) January 7, 2025 I have a question here, when a robotaxi is going to …
The owner of a popular waffle shop in West Seattle said she had no choice but to shut down her business after the city’s new minimum wage law went into effect on New Year’s Day — hiking hourly pay to $20.76. Bebop Waffle Shop, which was founded by a former New York City resident more …
Kamala Harris has announced plans to more than double the federal minimum wage if she wins the presidency. The Democratic candidate has backed raising the current minimum wage from $7.25 an hour to at least $15. It has remained frozen for the last 15 years: the longest stretch without an increase since standard pay was introduced …
Even though the CPI is not a true picture for grocery items. Most Americans have seen price of milk, cereals, vegetables, poultry and meat products double in last 4 years. Yet the wage increases depict a fairly accurate picture above. So isn’t it fair to increase minimum wage to match the true inflation to atleast …
Within the next year, 93 percent said they would have to increase prices, the survey of 182 fast food operators found. CALIFORNIA — Restaurants are raising prices and cutting hours and staff in the wake of California’s $20 fast food minimum wage, with more of the same expected in the next year, according to a …
Almost half of all Americans are still paying off debt that they accumulated last year for a summer vacation, which is alarming news considering about half expect to go into more debt this year for more vacation. It’s things like this that are making the economy look so much better than it really is because …
The McDonald’s at San Francisco’s Stonestown Galleria has closed its doors after 30 years in business. The franchisee owner, Scott Roderick, cited two main reasons for the closure: Rent and Property Taxes: The landlord was unwilling to negotiate a long-term and sensible rent for the Stonestown location. Additionally, the property taxes and shared tenant mall fees were the highest paid for …
The iconic Hollywood Arby’s location on Sunset Boulevard recently closed its doors after more than five decades in business. The closure was attributed to a combination of factors, including the pandemic, low foot traffic, rising food costs, and California’s $20-an-hour minimum wage. The restaurant’s general manager, Gary Husch, stated that the minimum wage increase was …
California’s $20 minimum wage led to fast food price hikes, lower foot traffic, study shows. In the six-month period leading up to the new law being enacted, fast food prices in California rose on average by 7% — forcing franchisees in the state to slash work hours, postpone capital improvements and expedite the deployment of …
Truckers used to make $110K per year on average. Now many are homeless. So what happened? We dug into it as part of our new Class Room series, which looks at how jobs that used to provide a solid, middle class life now barely provide a living. With trucking, that story starts with deregulation. Big …
College anti-Israel agitators could be sent to Gaza under new House GOP bill https://t.co/YCOUNWc9v7 — Fox News (@FoxNews) May 9, 2024 Rep. Andy Ogles, R-Tenn., introduced the bill on Wednesday alongside Reps. Randy Weber, R-Texas, and Jeff Duncan, R-S.C., in response to the ongoing anti-Israel demonstrations on college campuses across the country. “That’s why I …
The ripple effects of California’s $20 minimum wage hike are becoming increasingly evident, with fast food restaurants across the state grappling with job cuts and price increases, further burdening businesses, workers, and consumers alike. California’s minimum wage increase to $20/hour has led to job losses, reduced working hours, restaurant closures, and higher prices. Fast food …
