The Austin City Council voted to approve a resolution that would direct the city manager to adopt a minimum wage of $22 per hour for city employees. During the meeting on June 16, several city workers testified…
Every Single Business Leader Surveyed In New Poll…
American executives overwhelmingly believe that a recession will strike in early 2023, according to a new CNBC survey of chief financial officers released Thursday. The United States economy shrank at a 1.5% annualized rate in the first quarter of 2022, with two consecutive…
Where Jobs Are: Report
Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs…
Report: Wages Dip 3% Due to Inflation
Amid inflation that is spiraling out of control, real wages for Americans have dropped by nearly 3%. “Inflation ran 8.5% in the year ending last month, while nominal wages grew only 5.6%, a decline in…
Wholesale Prices Spike to Historic Highs
Wholesale prices surged again in March as strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine continued to fuel the highest inflation in decades. The Labor Department said Wednesday that its producer price…
Elon Musk via Wikimedia Commons
Report: Elon Musk Will Not Join Twitter Board…
Elon Musk will not join Twitter’s board of directors as planned, according to the company’s CEO. Twitter CEO Parag Agrawal announced on Sunday that Musk decided not to join the board. “The Board and I had many discussions about…
Heresy Financial: Real Incomes are Crashing
Incomes are rising, but not once you account for inflation. this is not a good sign in an economy driven by reckless spending. Savings are also dropping as people are having to spend more and…
Twitter logo via Wikimedia commons image
Twitter Appoints Elon Musk to Board of Directors…
Twitter announced Tuesday it’s appointing Tesla and SpaceX founder Elon Musk to its board, expanding the billionaire’s influence during the ongoing debate over lack of free speech on the platform. Twitter CEO Parag Agrawal tweeted the announcement Tuesday, writing that "Through conversations…
Heresy Financial: The ‘Great Resignation’ is Growing Stronger
People are still quitting their jobs left and right. Companies are still trying to hire like they can't get enough. And the fed is being backed into a corner with aggressive tightening. Due to this,…