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Economy

“NYC begins handing out prepaid debit cards [FREE MOENY] to [ILLEGAL ALIENS] in controversial program”

“The Adams administration launched its program to give prepaid debit cards to New York City migrants this week — two months after inking a controversial no-bid $53 million contract for the deal. Staffers with the New Jersey company, Mobility Capital Finance, handed… Continue Reading…

Economy, Energy

“8 states are planning to BAN the sale of gas-powered cars entirely – after Biden unveiled ambitious plans to phase them out by 2032”

“At least eight states are planning to ban the sale of new gas-powered cars in the next decade – and others are considering joining them. Only zero-emission vehicles can be sold in participating states beginning from the 2035 model year, according… Continue Reading…

Economy

[China] “CCP Runs Out of Money, Starts Rampant Looting; 400 Six-Year-Olds Investigated as Underworld Figures”

Click here to watch video: China seems to be in the middle of a economic collapse. All hell is breaking lose over there.

Economy, Energy

“Amid explosive demand, America is running out of power”

“Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid…”… Continue Reading…

Economy

“The Skyrocketing Costs Driving Cheeseburger Prices Up—and Restaurant Owners Out”

https://www.wsj.com/business/hospitality/restaurants-food-payroll-bars-wages-f21ceb0a The article is behind a paywall so I’ll just add my opinion here. McDonald’s has already been criticized for 20 dollar meals and Wendy’s has been criticized for floating a plain to have “surging” prices during high traffic hours.… Continue Reading…

Real Estate

“December home sales slump to close out worst year since 1995”

“Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than in December 2022, marking the lowest level… Continue Reading…

Business

“Burger King owner will buy out its biggest franchisee in US for about $1 billion”

“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…

Business, Economy

“Major Chinese Solar Manufacturer Sees Industry Shake-Out Coming”

“China’s world-beating solar sector will start seeing smaller equipment makers being forced out next year as prices keep falling, according to one of the leading manufacturers… “Under the current bidding prices, there is no profit across the entire supply chain,… Continue Reading…

Economy

“Libya floods wipe out quarter of city and 10,000 feared missing”

“At least 10,000 people were feared missing in Libya on Tuesday in floods caused by a huge storm that burst dams, swept away buildings and wiped out as much as a quarter of the eastern city of Derna. More than… Continue Reading…

Economy

“Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence”

“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the… Continue Reading…