Economy & Investments, International, Politics

Globalists are Planning ‘Climate Lockdowns’ to Finish Off Economic Prosperity in the West

While COVID-19 mass hysteria may be waning, the globalists are intent on continuing the trend of locking down society and destroying economic prosperity for the peasants.

After the scamdemic comes to an end, it will be climate change used to pump the masses full of fear and get them to accept Draconian measures to cripple their own civilization. Mariana Mazzucato, a professor at the Economics of Innovation and Public Value Center at University College London, is setting the stage for climate lockdowns if unprecedented taxation and centralized power are not exerted over the economy.

“Under a ‘climate lockdown,’ governments would limit private-vehicle use, ban consumption of red meat, and impose extreme energy-saving measures, while fossil-fuel companies would have to stop drilling,” Mazzucato wrote in her white paper, “Avoiding a Climate Lockdown.” Read more…

Read More...

Corruption, Economy & Investments, News

McDonald’s Ties Executive Bonuses to Diversity, Releases Workforce Data

McDonald’s Corp on Thursday said it will tie executive bonuses to new goals for diversifying the company and for the first time publicly release demographic details of its workforce.

Under the new rules, CEO Chris Kempczinski stands to lose 15% of his approximately $2.25 million annual bonus if he fails to meet goals to increase the portion of women and Blacks, Hispanics, Asians and other minorities in senior leadership roles.

More organizations are seeking to increase opportunities for Black workers, women and other disenfranchised and underpaid groups, after a nationwide reckoning with racism sparked by the May killing of George Floyd, a Black man, by Minneapolis police.

As activists have called for more transparency, companies are increasingly reporting demographic data for their workforces and tying executive pay to diversification goals. Read more…

Read More...

Economy & Investments

Top Union Leader Slams Biden’s Job-Killing Order: ‘Cost Us Jobs,’ Needs To Consider ‘Future Of Country’

AFL-CIO president Richard Trumka slammed President Joe Biden during an interview that aired in part on Sunday over his executive order that canceled the Keystone XL Pipeline, which cost a lot of people their jobs.

“Organized labor is crucial to the Biden coalition. But there are significant tensions among environmentalists, the president’s team addressing climate change and some parts of the labor movement,” Axios reported. “The Laborers’ International Union of North America said the Keystone decision will cost 1,000 existing union jobs and 10,000 projected construction jobs.”

“Well, I wish he had not done that on the first day because the Labor’s International was right, it did and will cost us jobs in the process,” Trumka said. “I wish he had paired that more carefully with the thing that he did second by saying, here’s where we are creating jobs, we can do mine reclamation, we can fix leaks, and we can fix seeps, and create hundreds of thousands in doing all of that stuff.”

Trumka said that he “thinks” that Biden realizes it was a mistake to sign the executive order costing Americans jobs during the middle of a pandemic. Read more…

Read More...

Big govt, Corruption, Economy & Investments, Politics

Minimum Wage Mandate in Biden’s Pandemic Relief Bill Estimated to Wipe Out 1.3 Million Jobs

President-elect Joe Biden’s plan for pandemic relief contains a $15 minimum wage mandate which Congress has estimated would lead to the loss of 1.3 million jobs.

Biden introduced the minimum wage provision in a speech laying out his priorities for a tax-payer funded stimulus package to tackle the damage wreaked on the economy by the Chinese Communist Party (CCP) virus, commonly known as the coronavirus.

According to a July 2019 estimate by the Congressional Budget Office, raising the federal minimum wage to $15 would lead to the loss of 1.3 million jobs while boosting the wages of 17 million workers.

“People tell me that’s going to be hard to pass. Florida just passed it. As divided as that state is, they just passed it. The rest of the country is ready to move as well,” Biden said.

Sen. Marco Rubio (R-Fla.) was less enthusiastic about the bill’s prospects.

“President-Elect Biden served in the Senate for over 35 years. So he knows the plan he outlined tonight can’t pass ‘quickly’ & will delay the 2k for hard-hit Americans. Let’s get the extra money to people first,” Rubio wrote on Twitter. Read more…

Read More...

Big govt, Economy & Investments, Politics

Trump Uses Impoundment Control Act to Demand Payments Increase to $2,000

President Donald Trump used the Impoundment Control Act of 1974 in a bid to increase the stimulus payment amount to $2,000 and remove “wasteful spending” from the relief bill.

Trump signed the relief bill, which was attached to an omnibus spending measure, on Sunday evening.

“As President of the United States, it is my responsibility to protect the people of our country from the economic devastation and hardship that was caused by the China Virus,” Trump said in a statement, referring to the CCP (Chinese Communist Party) virus, which causes COVID-19. “I understand that many small businesses have been forced to close as a result of harsh actions by Democrat-run states. Many people are back to work, but my job is not done until everyone is back to work.”

The president said he was not pleased with some of the spending measures included in the bill.

“As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child,” Trump added.

After signing the bill, Trump said he would invoke the Impoundment Control Act of 1974 in an attempt to boost the $600 stimulus checks to $2,000. The act allows the president to make demands to Congress, but it is ultimately up to Congress as to whether they will accept his demands and vote on the rescissions, and an administration – under the 1974 act – can only withhold or impound funds for up to a month and a half. According to the Constitution, the legislative branch is the entity that controls the federal funds. Read more…

Read More...

Big govt, Economy & Investments, Issues, Politics

‘Unprecedented Upheaval’: Half Of NYC Restaurants And Bars Could Close Permanently, State Audit Says

Up to half of bars and restaurants in New York City may be forced to close permanently within six months after having been devastated by the coronavirus lockdowns.

An audit released Thursday by state Comptroller Thomas DiNapoli revealed that a third to half of the establishments that comprise one of the city’s key industries could shutter and never return, costing the city more than 150,000 jobs, according to the New York Post.

“The industry is challenging under the best of circumstances, and many eateries operate on tight margins,” said DiNapoli. “Now they face an unprecedented upheaval that may cause many establishments to close forever.”

Even with the reopening of indoor dining Wednesday, capacity remains capped at 25% occupancy with other strict measures regarding social distancing and temperature taking.

New York City has been roiled with debates over indoor dining in recent months, with the onerous lockdown restrictions drawing condemnation even from some lawmakers who claimed they were being inconsistently applied. As The Daily Wire reported:

Democratic state Sen. Diane Savino told the New York Post [in August], “It’s a real problem when you represent a border community. People say to me: ‘I don’t understand why I can’t eat indoors in this restaurant. Read more…

Read More...

Economy & Investments, News

Economy Booms as Unemployment Rate Drops to Single Digits; Dow Futures Soar

The U.S. economy is roaring back during the home stretch of the 2020 presidential campaign as nearly 1.4 million new jobs were added in August and the unemployment rate dropped to single digits.

“Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn,” CNBC reported. “The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday.”

Dow futures shot up by 200 points in response to the news, or .7%, while S&P 500 futures surged .3%.

“An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and 22.8% at the peak in April,” CNBC added. “Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July.”

A Politico report from earlier this year outlined how Democrats are panicking over the prospect of the economy coming back before the election.

Harvard professor Jason Furman, a top economist in the Obama administration, warned Democrats in April about the economic turn around that was coming, saying, “We are about to see the best economic data we’ve seen in the history of this country.” Read more…

Read More...

Big govt, Economy & Investments, Politics

Goodyear Stock Plunges After Company Bans Employees From Saying ‘Blue Lives Matter’

Goodyear Tire & Rubber Co.’s stock prices plummeted 6% after President Donald Trump called for a boycott of the company for banning “Make America Great Again” hats and “Blue Lives Matter” messages.

Trump on Wednesday wrote on Twitter, where he has 85 million followers, “Don’t buy GOODYEAR TIRES – They announced a BAN ON MAGA HATS. Get better tires for far less! (This is what the Radical Left Democrats do. Two can play the same game, and we have to start playing it now!).”

“One minute later, shares of Ohio-based Goodyear fell to an intraday low of $9.15, representing an intraday decline of 6%,” Business Insider reported.

Shares of Goodyear are down 40% year-to-date.

Trump’s tweet came after a report by WIBW-TV in Topeka, Kansas, that said some employees at a Goodyear plant there were told that that the company had “zero tolerance” for employees wearing clothing with “MAGA” on them, as well as phrases like “All Lives Matter” and “Blue Lives Matter.” Read more…

Read More...

Economy & Investments, News

Trump Calls For Round 2 of Stimulus Checks

With states still lagging in their reopening efforts, many Americans have yet to return to work.

So, the president wants to provide more economic relief. This time, however, he wants to provide more money than the Democrats:

President Trump supports another round of economic impact payments to individuals, he told FOX Business on Wednesday…

“I support actually larger numbers than the Democrats, but it’s got to be done properly,” Trump said. “I want the money getting to people to be larger so they can spend it. I want the money to get there quickly and in a noncomplicated fashion.” Read more…

Read More...