Category: Economy

China Factory Activity Dives To Worst On Record As Coronavirus Paralyses Economy

Afternoon Thread Posts @ 14:00 PST ?

☆ Chinese Economy Paralysed By Outbreak, Sharp Contraction Seen In Q1

China’s factories were dealt a devastating blow in February as the coronavirus epidemic triggered the sharpest contraction in activity on record, a private survey showed on Monday, with the health crisis paralysing large parts of the economy. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well as the 50-mark that separates growth from contraction.

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Bill Introduced to End Lavish Pay of Employees at Elizabeth Warren’s Consumer Financial Protection Bureau (CFPB)

Afternoon Thread Posts @14:00 PST ?

☆ An Unaccountable Progressive Slush Fund Originally Created By Obama

Senate Budget Committee Chairman Mike Enzi (R-Wyo.) and four Republican colleagues say it’s time to “rein-in” the “lavish” salaries of hundreds of employees of the Consumer Financial Protection Bureau (CFPB). “The CFPB is a dangerously unaccountable agency, and its lavish spending on employee salaries is just one example,” Enzi said March 3 in a statement announcing the bill.

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☆☆☆ THE ALL NIGHTER ☆☆☆

Morning Thread Posts @ 05:00 PST ?

Federal Watchdog Reports Government Misspent $175 Billion in Fiscal 2019

GS⭐️peacefrog

GS⭐️CopperJohn

☆ Pay Your Taxes Or Else, Citizens…

The federal government recorded some $175 billion in “improper payments” in fiscal year 2019, according to estimates by the Government Accountability Office (GAO).

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Natural Gas is Crushing Wind & Solar Power and the Left Isn’t Happy

Next Thread Posts @ 14:00 PST ?

☆ The US Has More Than 500 Trillion Cubic Feet Of Known NG Reserves

The U.S. Energy Information Administration just announced some spectacular news that should be banner headlines across the country: The price of natural gas has fallen to its lowest February level in 20 years. The data shows that natural gas prices fell to $1.77 per million British thermal units. In inflation-adjusted terms, the price of gas has plunged by some 80% since its high of $13.60 12 years ago. The price is down 90% since 2005, when prices hit nearly $20. (Quick: Can you think of anything else that now costs one-tenth of what it did 15 years ago?)

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☆☆☆ THE ALL NIGHTER ☆☆☆

Next Thread Posts @ 05:00 PST ?

Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast

☆ DOW Premarket Recovery @ +270: Virus Impacting World Economies

With much of China’s economy still idled as authorities try to contain an epidemic that has infected more than 75,000 people, millions of companies across the country are in a race against the clock to stay afloat.

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AB-2712 California Universal Basic Income (CalUBI) Program.

Next Thread Posts @ 19:00 PST ?

☆ $1000 Each Month Per Person Funded By a Flat, State-wide, 10% VAT Tax

The California State Assembly bill which guarantees a basic monthly income of $1000 to every person living in California is sponsored by 34 year old, gay, Democrat Assemblyman & Golden Boy from San Jose, Evan Low who worked on Andrew Yang’s failed presidential campaign & is really a big fan of Kathy Griffin.

THE BILL & COMMENTS ➡️

US Imposes New Rules on State-Owned Chinese Media Over Propaganda Concerns

Next Thread Posts @ 14:00 PST. ?

☆ THE GREAT US-CHINA DECOUPLING CONTINUES…

The Trump administration said on Tuesday said it will begin treating five major Chinese state-run media entities with U.S. operations the same as foreign embassies, requiring them to register their employees and U.S. properties with the State Department.

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Trump Budget Would Cut $4.4T in Spending, Boosting Defense While Slashing Safety Nets & Foreign Aid

Next Thread Posts @ 06:00 PST. ?

☆ The All Nighter ☆

The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.

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