GLAAD under fire over excessive spending on CEO Sarah Kate Ellis: report
A major LGBTQ organization paid for its CEO to fly in for expensive flights, stay in luxury hotels and a summer home, and even spent nearly $20,000 to renovate his home office, according to an exposé published Thursday. The spending on GLAAD CEO Sarah Kate Ellis, 52, was so extravagant that it worried her former […]
Construction Spending Sinks Again in June as Homebuilding Slumps and Manufacturing Surge Fades
The construction industry’s boom years may be over as one of its key strengths, the labor market, has weakened over the past year. Construction spending fell 0.3% in June to an annualized rate of $2.5 trillion, Commerce Department data showed. Economists had expected a 0.2% increase. None of those surveyed by Econoday expected a decline. […]
Johnson faces frustration from hard-liners on spending issues
Hardline conservatives in the House of Representatives left Washington frustrated that House Speaker Mike Johnson (R-Louisiana) broke his promise to pass a spending bill, but they didn’t necessarily blame him. Johnson has been in power longer than his predecessor, who was sacked in part over dissatisfaction with his handling of the spending crisis, but he […]
Republicans won’t ease inflation if they don’t cut spending
With House Republicans on a six-week recess, it’s a good time to look back on the worst Republican-controlled Congress in history. Even more ominously, they have refused to cut spending by a cent and have actually increased the budget from record levels during their term. Clearly, they have no appetite to cut spending even if […]
‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say
Continued high levels of government spending under the Biden administration have supported U.S. economic growth in the second quarter of 2023, economists told the Daily Caller News Foundation. Real gross domestic product (GDP) grew 2.8% in the second quarter of 2024, well above the 2.1% growth economists had expected. according to According to the Bureau […]
Pro-Trump super PAC spending millions on ads attacking Harris
A major super PAC supporting former President Trump’s reelection plans to spend millions of dollars on attack ads against Vice President Harris, who is emerging as Trump’s challenger in November’s presidential election. MAGA is running new ads targeting Harris on immigration and her record as a prosecutor in the battleground states of Pennsylvania, Georgia, Nevada […]
Elon Musk is spending $45m a month to elect Trump. Let’s boycott his companies | Robert Reich
I have long argued that the concentration of great wealth in the hands of a few undermines our democracy. Elon Musk is emblematic of those concerns. Wealth is most dangerous when it is transformed into political power. One way Musk is turning his enormous wealth into political power is commit $45 million/month New Super PACs […]
Apple TV to Cut $20 Billion in Spending, Views Per Month Lower Than Netflix Views Per Day
Apple TV is reportedly cutting spending by more than $20 billion after a recent quarterly report showed monthly viewership on the streaming service was lower than daily viewership on Netflix. Netflix continues to solidify its position as the streaming king, adding 8 million new customers during the quarter, bringing its total subscriber base to 277.7 […]
Crypto, GOP spending in Arizona Dem primary irks Latinos
The upcoming Democratic House primary in Arizona has attracted the attention of Republican donors and super PACs funded by crypto industry leaders, who are throwing their weight behind one side. Former state Sen. Raquel Teran (D), Phoenix City Councilwoman Yasamin Ansari and physician Duane Wootton are running to replace Rep. Ruben Gallego (D-Ariz.), who is […]
Dems’ $3.5 Trillion Spending Bill ‘Existential Threat’ to Economy
Estimated Reading Time: 3 minutes One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy. The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikes in the measure that would be […]