The number of Americans filing new unemployment claims increased to 719,000 last week, even as the economy continues to slowly recover from the coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics figure released Thursday represented an increase in the number of new jobless claims compared to the week ending March 20, when 658,000 new jobless claims were reported. That number was revised down from the 684,000 jobless claims initially reported last week.
Roughly 18.2 million Americans continue to collect unemployment benefits, according to the report.
There are 10 new ideas that are changing America, maybe permanently.
1) Money is a construct. It can be created from thin air. Annual deficits and aggregate national debt no longer matter much.
Prior presidents ran up huge annual deficits. But at least there were some concessions that the money was real and had to be paid back.
Not now. As we near $30 trillion in national debt and 110 percent of annual GDP, our elites either believe permanent zero interest rates make the cascading obligation irrelevant, or the larger the debt, the more likely we will be forced to address needed income redistribution.
Within a week of blaming “white supremacy” for the murder of six Asian and two white women by a white man in Georgia, progressives are now blaming “assault weapons” for a mass shooting in which a Trump-hating Muslim immigrant with a history of violence, mental illness, and racial animus gunned down 10 white people in a Boulder, Colorado supermarket.
Beyond the duplicity of highlighting race only when the killer is white and the victims are not, progressive lawmakers, activists, and journalists are using a litany of falsehoods in an attempt to ban common semi-automatic guns used for home defense and hunting.
Towards the end of his questioning of George Floyd’s girlfriend Courteney Ross, Eric Nelson, the attorney for former Minneapolis Police officer Derek Chauvin, uncovered a bombshell that has been left out of mainstream media coverage.
“You and Floyd – Mr. Floyd, excuse me – I’m assuming, like most couples, had pet names for each other?” Nelson asked Ross.
China is not our friend. Since the Clinton Administration, and through the Bush and Obama years, American policy proceeded as if trade and cultural ties would work automatically to liberalize the Chinese. Instead, these ties have enriched and strengthened China, allowing it to build first-class infrastructure, a robust economy, and a substantially more capable military in a mere 30 years’ time.
Simultaneously, these policies have hollowed out our own industrial base, rendering most of our industries, including the tech sector, dependent on Chinese inputs. In the name of efficiency, we have lost resilience, jobs, and independence.
The prospect of a military confrontation with China is now closer than it was at the beginning of this process. Along with its rising confidence and capability, China has advanced a self-serving and novel view of its authority, asserting sovereignty and rights of exclusion deep into the South China Sea.
Republican Sens. Chuck Grassley and Ron Johnson called on the Biden administration Wednesday to turn over intelligence records regarding Hunter Biden’s work with a Chinese energy company with suspected ties to the Chinese military.
In a letter to Attorney General Merrick Garland and Avril Haines, the director of national intelligence, Grassley and Johnson said that it is “imperative” for Congress to understand the relationship between the Biden family and CEFC China Energy, the now-defunct energy conglomerate.
CEFC China Energy paid Biden approximately $6 million from August 2017 to September 2018 for consulting and legal services, according to a report that Grassley and Johnson released last year.
The Republicans said in the report that banking regulators flagged some of the wire payments from CEFC to Biden for “potential criminal financial activity.” Grassley and Johnson also noted that CEFC’s founder, Ye Jianming, was an official in the mid-2000s for a front group of the Chinese Communist Party.
Landlords are struggling after the U.S. Centers for Disease Control and Prevention (CDC) extended a national ban on certain evictions apparently to slow the spread of COVID-19.
The CDC extended the moratorium, first enacted in Sept. 2020, through June 30.
The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit civil rights group, filed a class-action lawsuit in the U.S. District Court for the Northern District of Iowa on behalf of Asa Mossman of Cedar Rapids, Iowa, and other housing providers.
Workers at a Baltimore plant responsible for producing two separate coronavirus vaccines mistakenly mixed up their respective ingredients, ruining approximately 15 million doses of Johnson & Johnson’s vaccine and pausing all production at the plant, the company confirmed Wednesday.
The facility, run by Emergent BioSolutions, had partnered with both Johnson & Johnson and AstraZeneca to produce vaccines. Federal officials said that the mistake was a result of human error, according to The New York Times, which first reported the mix up that reportedly occurred several weeks ago.
A quality control review “identified one batch of drug substance that did not meet quality standards at Emergent BioSolutions, a site not yet authorized to manufacture drug substance for our COVID-19 vaccine,” Johnson & Johnson said in a statement. “This batch was never advanced to the filling and finishing stages of our manufacturing process.”