Business

“Bank of America accused of religious and political ‘discrimination’ by ‘de-banking’ or refusing to service Trump supporters, Christian churches and Republican-led states want answers”

“A dozen Republican-led states plan to send a letter to Bank of America demanding an explanation for why it allegedly de-banked Christian and other conservative groups…” https://www.dailymail.co.uk/news/article-13310697/republican-states-bank-america-trump-christian-loan-blocking-discrimination.html  No need to long quotes everyone gets the point. It’s obvious Bank of… Continue Reading…

Economy

“A tax mystery: Why are fewer people getting refunds?”

“If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the… Continue Reading…

Economy

“IMF Steps Up Its Warning to US Over Spending and Ballooning Debt”

“The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy…” https://www.bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt The U.S. has unsustainable debt. It doesn’t take a rocket… Continue Reading…

Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…

Business, Economy

“Residents of this state pay $987,117 in lifetime taxes. Guess which one?”

“With Tax Day approaching, here’s a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study… New Jersey residents pay $987,117 in lifetime taxes, the analysis found, the highest tab in the nation. Washington, D.C.,… Continue Reading…

Economy

“More Americans say they are living paycheck to paycheck this year than in 2023…”

“More Americans may be struggling to make ends meet. A majority, 65%, say they live paycheck to paycheck, according to CNBC and SurveyMonkey’s recent Your Money International Financial Security Survey, which polled 498 U.S. adults. That’s a slight increase from last year’s… Continue Reading…

Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

Economy

“Six-Month Federal Budget Deficit: $1.1 Trillion”

“Washington continues to spend like deficits and debt don’t matter, and the politicians would rather you don’t know. For the record, the Congressional Budget Office reported Monday that the federal budget deficit for the first six months of fiscal 2024,… Continue Reading…

Economy

“Why Californians are fleeing this once-Golden State”

“…The U.S. Census Bureau reported in March that California’s population as of last July had dropped to an estimated 38,965,000. That’s down by 75,400 in a year — and 573,000 below California’s peak of 39.5 million in 2020. Entering this… Continue Reading…