Tue Dec 7, 2021 AT 12:21 PM EST
Top Republican investigators demanded answers from the Biden administration about how taxpayer money meant to go to unemployed Americans during the COVID-19 pandemic has been stolen by Chinese or Russian syndicates.
The probe, announced by Rep. James Comer of Kentucky, the top Republican on the House Oversight and Reform Committee, and Rep. C. Scott Franklin of Florida, a committee member, follows a report in The Washington Times that as much as $140 billion in U.S. pandemic unemployment money flowed to Chinese, Russian, and other state-sponsored fraud syndicates… Read Full Story
Fri Dec 3, 2021 AT 4:52 PM EST
After a strong spurt of employment growth in October with 546,000 jobs added, November’s numbers are dismal by comparison.
Economists predicted a jobs spurt of 500,000 to 600,000 in November. Instead, just 210,000 jobs were created in the last month, according to a report issued by the Bureau of Labor Statistics.
Still, the unemployment rate dropped to a pandemic low of 4.2%, down from 4.6% in October. And the percentage of Americans employed rose slightly to 61.8% from 61.6% in October. Also, the number of claims for unemployment is way down, approaching pre-pandemic levels. Read Full Story
Tue Nov 30, 2021 AT 11:13 AM EST
Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry.
Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an “economic boycott.”
“Just as each state represented in this letter is unique in its governing laws and economy, our actions will take different forms,” they wrote in the letter obtained by The Federalist. “However, the overarching objective of our actions will be the same – to protect our states’ economies, jobs, and energy independence from these unwarranted attacks on our critical industries.” Read Full Story