If Unopposed, Soaring Housing Prices Only Benefit the Rich
About two weeks ago, a viral tweet based on a four-month-old Wall Street Journal article set off a firestorm on Twitter about the Soaring Housing prices and corporate ownership of single-family homes. Thread.Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property […]
With the US Economy in Shambles, 18 States Begin Process of Reopening
On Friday, over a third of the nation began the process of reopening shuttered economies. The May 1 reopenings may be coming too early, experts say, putting both lives and the economy at further risk. States Lift Stay at Home Orders The eighteen states that started the process of reopening last week are: Alaska, Idaho, […]
Four Senators Sold Stocks Before Market Crashes After Private Coronavirus Briefing
Four Senators are accused of selling individual stocks in companies that plummeted during the recent market crash caused by COVID-19. The Senators received a private briefing on January 24 about the novel coronavirus, prior to the sales taking place. The four Senators are Richard Burr (RNC), Diane Feinstein (D-CA), James Inhofe (R-OK), and Kelly Loeffler […]
GOP Senate Tax Plan Differs from House Version
Senate Republicans outlined their vision on Thursday for tax reform; proposing a one-year delay in President Trump’s top priority – cutting the corporate tax rate – while reinstating some prized tax breaks used by middle-class families. The Senate bill differs significantly from the House version approved by the Ways and Means committee on Thursday. Tax […]
Equifax Hack Leaves Millions Vulnerable
Equifax, the credit-monitoring company, has reported a breach that has apparently exposed sensitive data regarding millions of Americans. The company says the hack exposed the Social Security numbers and other data of 143 million american citizens. The Atlanta-based company claimed that “criminals” exploited a US web application. The exploitation allowed for the criminals to access [...]
Unemployment Rate Lowest in 16 Years
As president Donald Trump’s approval ratings continue to decline rapidly, the United States unemployment rate has fallen to 4.3 percent, as of July, according to the Bureau of Labor Statistics, making it the lowest rate in 16 years. The last time the nation has seen the same rate was in May of 2001. However, despite […]