Federal Reserve’s $3 trillion virus rescue inflates market bubbles
The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.
US News
US Budget Deficit Hits All-Time High of $864 Billion in June
The U.S. government, faced with a surge in COVID-19 cases and their economic impact, said it incurred its biggest monthly deficit ever in June, an $864 billion figure that is more than the country usually has recorded annually throughout its history.
US reaches 10th billion-dollar weather disaster by end of June 2020
Halfway through 2020 and the billions of losses from weather disasters have added up for another year in a row.
Providers like Planned Parenthood cannot claim federal funding for advocating abortion overseas
The US Supreme Court has confirmed that abortion providers like International Planned Parenthood cannot expect taxpayers to fund their advocacy of abortion overseas, the American Center for Law and Justice (ACLJ) reported last week.
‘Safe for democracy’: Democrats bring ‘Defund’ movement to Capitol Police
Democrats from Seattle to New York are working to cut their police budgets, but not on Capitol Hill, where the House — controlled by Democrats — is moving ahead with a budget that freezes but doesn’t trim any funding for the U.S. Capitol Police.
Trump denies Minnesota governor’s request for $500M to repair damage from riots
President Trump has denied a request from Minnesota’s governor for money to rebuild parts of Minneapolis that were destroyed during the riots following the death of George Floyd.
7-2 SCOTUS: President Trump is Not ‘Absolutely Immune From State Criminal Subpoena Seeking His Private Papers’
The Supreme Court on Thursday ruled that “no citizen, not even the President, is categorically above the common duty to produce evidence when called upon in a criminal proceeding.
Supreme Court Rules Swath of Oklahoma Is Native American Land
Nearly half of Oklahoma remains a Native American reservation, the U.S. Supreme Court ruled Thursday, in a case that could have major consequences for how some crimes are prosecuted in the state.
Supreme Court says religious institutions have right to choose employees
The US Supreme Court reaffirmed Wednesday that religious schools and institutions have a First Amendment right to choose their own staff.
FBI Director says Chinese Government is greatest threat to US
The head of the FBI has made a speech affirming that it is now the Chinese Government and Communist Party which pose the greatest threat to the US. In remarks delivered at the Hudson Institute in Washington DC Tuesday, Christopher Wray said: “The greatest long-term threat to our nation’s information and intellectual property, and to our economic vitality, is the counterintelligence and economic espionage threat from China. It’s a threat to our economic security—and by extension, to our national security.”
Supreme Court expands protections for religious schools from nondiscrimination laws
The Supreme Court ruled Wednesday that religious schools are allowed to fire religion teachers for any reason they wish, a major expansion of protections for religious institutions against nondiscrimination laws.
Supreme Court rules for Little Sisters of the Poor in long-running dispute over birth control mandate
The Supreme Court ruled Wednesday that the Little Sisters of the Poor are exempt from an Obama-era mandate to provide contraception in their healthcare plans, an outcome regarded as a major victory by religious liberty advocates.
Federal Reserve Admits There Is A Coin Shortage
The Federal Reserve announced on June 11th that COVID-19 had caused a disruption in the normal flow and distribution of circulation of US coinage. The following week, Jerome Powell, the head of the Federal Reserve, spoke before the US House Committee of Financial Services. He informed the members that the partial shutdown had created a stoppage of the flow of coins in our economy. Consequently, some retailers are asking customers to use exact change. Mr. Powell also shared that he believes the condition will be only temporary because the economy is opening back up.
Michigan bill allows companies to implant microchips in volunteer employees
On 24 June, the Michigan House of Representatives passed a controversial bipartisan bill allowing companies to implant a microchip in employees who agree to it, Zero Hedge reports. The stated aim of the bill is to improve business efficiency while protecting employee privacy. Under the bill, only those in agreement can be given a chip and employers cannot make it mandatory. The bill now passes to the state Senate for consideration.
Shootings in New York City up 205% in weeks since disbandment of plainclothes unit compared to last year
After making the decision to disband its plainclothes “anti-crime” unit, New York City has seen a 205% increase in shootings in comparison to the same time period last year.
Trump’s Taxes, Birth Control Top Supreme Court’s Closing Agenda
The U.S. Supreme Court is poised to cap a term like no other with potentially blockbuster decisions covering birth control, religious rights and President Donald Trump’s efforts to keep his financial records private.
Mississippi bans sex-selective, race-selective, disability-selective abortion
Mississippi has a new law, according to which it is illegal to perform an abortion on the sole grounds of the baby’s race, sex, or disability, the Washington Free Beacon reports. Gov. Tate Reeves (R., Miss.) signed the Life Equality Act (LEA) into law on Wednesday.
Unemployment Falls as US Adds 4.8M New Jobs
The U.S. economy added 4.8 million jobs in June as it struggles to recover from the business closures forced by the coronavirus pandemic, the government reported Thursday, even as it said another 1.4 million laid-off workers filed for unemployment benefits last week.
Background Checks, a Metric for Gun Sales, Hit All-Time High
Historic numbers of background checks to purchase or possess a firearm were done in June, a trend in a year marked by uncertainty over the coronavirus pandemic, a subsequent economic recession, protests over racial injustice and calls to reduce police funding.
Portland police declare ‘riot’ again – as city sees 38th straight day of unrest
Police in Portland, Ore., declared a riot around 11 p.m. local time Saturday as Independence Day marked the 38th consecutive day of civil unrest in the city.