Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
Mayor Pete orders citizens to stop using drones to find stranded victims as feds fumble hurricane response
U.S. Secretary of Transportation Pete Buttigieg, former mayor of South Bend, Indiana, announced Temporary air restrictions were put in place on Wednesday “in the vicinity of Hurricane Helen relief and recovery efforts.” “Our goal is to ensure that funding is not a barrier to people quickly getting the relief they need and deserve,” Buttigieg said. […]
Feds Charge Chinese Students In Connection To Potential Spying Incident At US Base Used To Train Taiwanese Troops
Five University of Michigan students from China were charged Wednesday by federal law enforcement after they were discovered at a U.S. military facility where exercises with Taiwan's military were taking place in 2023, the Detroit News reported. The five students reportedly held cameras near tents, military vehicles and classified communications equipment at Camp Grayling, a […]
Locals help Helene victims, feds nowhere to be seen
Hurricane Helen was one of the most devastating natural disasters to hit land in American history, killing more than 100 people. Thousands of people are still missing. Houses are destroyed. And millions of people are without power. Just days after the disaster, President Joe Biden said the federal government was doing everything in its power […]
NYC Mayor Eric Adams calls out alleged collusion of feds and mainstream media
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NYC Mayor Eric Adams accuses feds of illegally leaking grand jury info to media
Mayor Eric Adams accuses federal authorities of illegally leaking confidential grand jury information to the media, intervening in a new motion filed early Tuesday with the Manhattan judge overseeing his criminal case. I asked. Mr. Hitzoner's lawyers have requested a court hearing to investigate alleged leaks from federal officials and prosecutors involved in bombshell statements […]
Fed’s Jerome Powell hints at more rate cuts but warns of ‘two-sided’ risks
Federal Reserve Chairman Jerome Powell said in remarks on Monday that the U.S. economy appears poised for a continued slowdown in inflation, so the Fed can lower its benchmark interest rate and “over time” be able to no longer rein in activity. He said it would be possible to reach the standard. It is clear […]
Feds Admit 155,000 Migrant Driver Arrests as Auto Insurance Spikes
As Americans' auto insurance premiums skyrocket, the federal government has released data showing more than 155,000 immigrants have been convicted or charged with traffic crimes. It has become clear that dangerous, drunk, drugged or reckless drivers are being imported in large numbers. report By Immigration and Customs Enforcement within the Department of Homeland Security. For […]
Male Sex Worker Surrenders Alleged Diddy ‘Freak-Off’ Tape To Feds: REPORT
A male sex worker submitted an alleged sex tape from one of Diddy's “freak-off” parties, which is now reportedly in the hands of federal investigators. A male sex worker met with federal agents in New York City on Wednesday, a source with direct knowledge said. TMZ. He reportedly signed an offer agreement that allowed him […]
Mayor Eric Adams surrenders to feds after historic federal indictment
Mayor Eric Adams surrendered to federal authorities Friday ahead of a scheduled appearance before a Manhattan federal judge. It came a day after a historic indictment charging a decade-long pattern of corruption. Hiesner, the first sitting New York mayor to be indicted, was scheduled to make his first appearance in Manhattan federal court at noon […]