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Airports around the country will share $8 billion in federal grants to help them recover from the pandemic, which caused a steep drop in air travel and a loss of revenue that airports expect from airlines and passengers.
[NASA Artemis HLS program]
Congress is expected to vote on the final passage of the massive $1.9 trillion "Covid" bailout package that many Republicans are claiming is a bailout for blue states who cratered their economies with Covid lockdowns. Is there truth to this claim, or
...Policies, Democrat Senator Schumer Is Pushing for $25B in Relief from the Federal Government
The lesson is obvious: when we screw up, we pay the price for our mistakes. But when the banks screw up, the whole financial system comes to their rescue.
A top health adviser to President-elect Joe Biden suggested that the nation is well-positioned financially to withstand a lockdown of more than a month in an effort to get the coronavirus pandemic under control.
...While Everyone Else Is Facing Poverty? During this time of a non-existent 'virus' pandemic, world lockdowns, mass business closings, economic failure, growing bankruptcies, panic, and starvation, the rich are laughing all the way to the bank.
Multiple states are claiming that they "accidentally" overpaid workers who were unemployed and stuck at home during the worst of the Wuhan coronavirus (covid-19) plandemic, and now they want all that money returned.
Millionaire radio pundits on the corporate state payroll like Rush Limbaugh and other pseudo-conservative GOP mouthpieces often cry on air about the "class war."
On Tuesday, Virgin announced a 1.2 billion-pound ($1.5 billion) rescue package that includes about 170 million pounds from U.S. hedge fund Davidson Kempner Capital Management and 200 million pounds that Branson got from diluting his stake in Virgin G
But what would the outcome be? The city has just voted to abolish the police outright. Why should the US tax payer bail out a city with severe leadership problems?
It's obvious the global economy is painfully fragile. What is less obvious is the bailouts intended to "save" the fragile economy actually increase its fragility, setting up an inevitable collapse of the entire precarious system...
There is not going to be a V-Shaped recovery. Many lives will be shattered and ruined in its wake.
Will a bankrupt nation suffering from a massive six trillion dollar bailout hangover lose its appetite for interventionism overseas? Or is the global coronavirus just the kind of "Pearl Harbor event" the neocons have long pined for to again launch th
With nothing left they used their freedom, and the freedom of their family as collateral...Many were sold into debt slavery after defaulting on this second loan.
Sir Richard Branson is looking to sell Virgin Atlantic before the end of May after he failed to secure a government bailout with his £80 million private island as collateral, reports indicate.
$2 trillion! That is the amount of free money that the feds are distributing to the American people to help them get through the coronavirus crisis. Most everyone is receiving a part of this free money.
The arrangement has been criticized a great deal because Blackrock is now allowed to buy corporate bonds and commercial mortgages, with no oversight and continuously. Moreover, Blackrock can bail itself out and give funds to the many fossil fuel supp
...Britain For Tax Reasons'. In an open letter to "the Virgin family" Branson thanks his 70,000 staff and addresses "comments" on his "net worth" and the need for government money to support the businesses they work for.
As the middle class gears up to once again unknowingly bail out the world via way of inflating the money supply, the rich are doing what they do during bailouts: getting richer.
On this special Easter Show, Tim Picciott and John Sneisen are covering for Luke and are joined by Kirk Chisholm.
We got the answer this morning when the Federal Reserve announced its latest series of sweeping, unprecedented action to backstop the credit pillars supporting the entire economy and provide as much as $2.3 trillion in additional loans during the cor
In today's economic news, President Donald Trump proposed ANOTHER $2 Trillion bill to bring jobs and stimulate the economy. Yet many democrats - like Nancy Pelosi and Chuck Schumer - oppose the bill because it's too progressive.
Wells Fargo (of course it had to be Wells Fargo…) announced yesterday on Twitter that they had already "reached lending capacity" for small businesses under this program, and they subsequently took down the application form.
Rep. Thomas Massie (R-KY) became "the most hated man in America" when he dared to demand that Congress actually vote on the biggest bailout of Wall Street in history - the two trillion dollar "coronavirus" bill. What happened behind the scenes and wh
US stocks fell on Thursday after a government report that the number of Americans filing for unemployment insurance has skyrocketed to more than 6.6 million new claims, bringing the total over the last two weeks to 10 million.
Economy
In our daily economic impact report, Luke and Tim dive straight into the days financial headline news.
The Liberty Advisor breaks down what this means and how they are planning on pulling this off.
Fresh on the heels of the largest stimulus in history, House Democrats and government agencies are already compiling their lists with what they say they need from the next package.
