MI Servers Worry over Tip Cut amid Minimum Wage Increase
Waiters and waitresses at Michigan restaurants are reportedly worried that a recent state Supreme Court decision could result in cuts to tips. Tami Jo Schultz has worked various jobs as a waitress for many years and currently works at Hoff Bar & Grill in Free Soil. MLive.com report Thursday. But she told the outlet she […]
Economic turbulence ‘effectively assured’ Fed will cut interest rates in September
The Dow Jones Industrial Average fell more than 1,000 points on Monday and has been sluggish ever since. (iStock ) Surprising employment data released last week, combined with a volatile Japanese market, led to a major sell-off on Monday’s trading day, sending both the Dow Jones Industrial Average and the S&P 500 to their worst […]
ROOKE: Kamala Still Cut Checks To Defund The Police Long After Dems Flip-Flopped On Crime
Vice President Kamala Harris’ presidential campaign hinges on portraying her as spending her early years in office as a tough, crime-fighting prosecutor, but new records show that as recently as last year, her new persona was a complete lie. Harris and her husband, Doug Emhoff, have written checks to far-left legal groups that promote harmful […]
London ‘Peace’ Rally Marred by ‘Cut All Their Throats’ Rhetoric
Britain’s traditional media was quick to report that left-wing activists across the country came together for a night of celebrations to confront the non-existent “far-right”, but at one of the largest rallies advertised as “preaching a message of peace”, one speaker shouted a call for murder. Activists allegedly identified Labour politician Ricky Jones has been […]
Tampa Bay Times Offers Employees Severance Packages to Cut Payroll 20%
of Tampa Bay Times The deadline will force the company to cut employee salaries by 20% and the company’s CEO will offer severance packages to employees. About 100 reporters and 170 other staff at the 140-year-old newspaper have been notified by CEO Conan Galaty that they have until Aug. 16 to decide whether to accept […]
There’s No Emergency Rate Cut Coming
Stop trying to get emergency rate cuts done! The combination of a sharp drop in global stock markets on Monday and disappointing employment data on Friday The Federal Reserve is Far Behind Again Interest rates will need to be cut sharply and quickly to avoid a sharp economic downturn. Wharton’s Jeremy Siegel on monday reach […]
Pence-led group offers blueprint to cut spending as national debt hits $35T
Advocacy groups led by former Vice President Mike Pence are urging lawmakers to consider a series of spending reforms to address the growing national debt. In an eight-page document obtained by The Hill, American Freedom released what it calls a “Guide to Reducing Federal Spending,” a three-step plan for reducing the national debt. Recently exceeded […]
Investors raise the odds of a 50-basis point Fed rate cut in September
Jeff Sica of Circle Squared Alternative Investments weighed in on the market sell-off, arguing that the problem lies in the credit markets. Concerns about an impending recession have led some Wall Street economists to Federal Reserve It is likely to approve an unusually large interest rate cut at its next policy meeting in September. A […]
Fed Should Cut Rates, ‘Inflation Is Down Pretty Close to Zero’
Speaking on CNN News Central on Monday, Rep. Adam Smith (D-Wash.) said the Fed needs to cut interest rates in response to the stock market crash. “Inflation is getting pretty close to zero. And now there are counter-pressures in the market and I think the Fed should and will respond,” he said. Co-host John Berman […]
Legendary market watcher predicts surprise Fed rate cut
Robert Prechter, author of The Socio-Economic Theory of Finance, analyzes today’s economic environment in Cavuto: Coast to Coast. Renowned financial analyst Robert Prechter expects the Federal Reserve to take the extraordinary step of issuing an emergency interest rate cut ahead of its September meeting after markets suffered a broad-based sell-off globally on Monday. Prechter, founder […]