recession
US technology firm Intel has come under congressional scrutiny following reports the company intends to reduce its workforce despite having received substantial government subsidies. Intel announced the job cuts earlier this week, explaining the cuts would affect nearly 15,000 workers. Intel received over 30$ billion in direct funding, loans, and tax credits from the US […]
The Bureau of Labor Statistics’ (BLS) recent revisions to its employment reports has been noticed by Republicans, who have questioned the former’s credibility and requested answers from the same. BLS executed a 97,000 downward revision for its January 2024 employment report, a 300,000 total downward revision as part of the BLS’s annual 2023 benchmark review, […]
Florida Representative Jervonte Edmonds (D) is seeking to impose rent control measures through a bill he filed in the Florida House of Representatives this week. HB 31 would cap rent raises to 30 percent of the current amount charged and limit inferior raises to once a year. In other words, landlords would be prohibited from […]
Apparently, Joe Biden's newly minted and militarized Internal Revenue Service (IRS) will enforce tax code by taking cues from espionage novelist Tom Clancy. While The Floridian has extensively covered the expansion of the IRS by 87,000 agents expected to use "deadly force, if necessary," a recent development makes the situation all the more ridiculous. And […]
Democrats have recently jammed controversial legislation through Congress to expand bureaucratic organizations, such as the IRS, while also attempting to fight inflation. US Congressman Mike Waltz (R-FL) is tearing into the recent moves made by his opposing party, and claiming the US is in a recession. Economics has certainly not been a winning issue for […]
The United States is officially in a recession. The past two economic quarters have experienced negative growth, fulfilling the technical definition of what qualifies as a recession. Rather than offer words of encouragement, President Joe Biden (D) has chosen a different route: deny the U.S. is in a recession altogether, and some in the media are doing […]
The numbers are in: The United States of America is in recession again. Or is it? Politicians and pundits across the nation are arguing the semantics of whether the world’s largest economy is falling on hard times. Politicians including President Joe Biden (D), Rep. Daniel Webster (R-FL), and Sen. Rick Scott (R-FL). As we’ve stated, […]
Just as President Joe Biden continues to blame the skyrocketing rate of inflation and all of the country’s economic woes on anyone he can think of, Democratic gubernatorial candidate, Rep. Charlie Crist, is blaming Florida’s housing costs on who else, Florida Gov. Ron DeSantis. “Things Florida homeowners cannot afford: - Soaring housing costs - Property […]