By: Jose Nino Plant-based diets, especially vegan diets, seem to be all the rage these days. Based on the practice of eschewing animal products, veganism has attracted a broad coalition of interest groups — ranging from animal rights to environmental activists — who believe that veganism is the most ethical and sustainable way of promoting […]
Archives for February 2018
TROLL: Republican unveils ‘CRUMBS ACT’ to make bonuses tax-free
Since President Donald Trump and the Republicans slashed the corporate tax rate from 35 percent to 21 percent, 100s of companies have raised wages, offered bonuses, contributed to retirement accounts, implemented a wide variety of benefits and perks, and pledged to invest billions of dollars in the U.S. This should be something that’s celebrated, right? […]
Inflation spooking financial markets as consumer prices soar in January
Is this the inflation we have been waiting for? With the Federal Reserve unwinding its $4.5 trillion balance sheet, and the printing press still operating 24/7, price inflation is beginning to accelerate, which could prompt the U.S. central bank to raise interest rates faster than expected. According to new data from the Bureau of Labor […]
U.S. taxpayers on hook for $5.1 billion bailout of Fannie Mae, Freddie Mac
It’s 2008 all over again. As part of the White House’s draft budget on Monday, the Treasury Department is expected to fork over a $5.1 billion bailout to Fannie Mae and Freddie Mac. There is essentially nothing left in the coffers of the government-sponsored enterprises (GSEs). The entities have held billions of dollars worth of […]
REPORT: U.S. households are borrowing to cover high spending levels
Consumer spending may be soaring, but Americans’ purchases are not being financed with savings or disposable income. It is being fueled by borrowing, according to a new report by Wells Fargo. In recent months, consumer spending has been accelerating, buoyed by growing confidence among Americans. Unfortunately, writes analysts John McElravey and Ryan Brinkoetter, debt levels […]