By Robert Romano Congress has completed negotiation on a combined $900 billion Covid economic relief legislation, plus the annual $1.4 trillion omnibus appropriations bill, just in time for Christmas. It comes with a $280 billion renewal of the Paycheck Protection Program that saved as many as 5.2 million small businesses and 50 million jobs last spring. […]
The day of reckoning is coming. The debt bomb will go off. By Robert Romano Since the beginning of 2020, the national debt has grown a gargantuan $4.26 trillion to $27.5 trillion amid the Covid lockdowns and a tremendous $2.2 trillion spike and counting in annual federal spending to […]
Pray the vaccine works, or this is only the beginning of the Covid depression. By Robert Romano As predicted, with Covid virus cases rising as the cold and flu season starts peaking, the U.S. economy is once again shedding jobs at a fairly rapid clip, with 935,000 […]
By Robert Romano President Donald Trump has threatened to veto the National Defense Authorization Act if Congress does not also repeal Section 230 of the Communications Decency Act that shields interactive computer services like social media from civil liability for what their users post. On Dec. 8, […]
By Robert Romano 947,000 new unemployment claims were reported the week of Dec. 5, atop the 533,000 lost the week prior, the latest data from the U.S. Department of Labor shows, as states initiate another round of lockdowns and businesses deploy layoffs as Covid cases continue to rise nationwide. […]
By Robert Romano As coronavirus cases continue spiking upward this cold and flu season and states begin their lockdowns again, the economic recovery that began this spring—with more than 16 million jobs recovered since labor markets bottomed in April—stalled in November as 560,000 Americans left the labor force altogether, Bureau of […]
By Robert Romano Bipartisan Senate legislation is being offered by Senators Susan Collins (R-Maine), Joe Manchin (D-W.Va.), Bill Cassidy (R-La.), Mark Warner (D-Va.) and others that attempts to bridge the divide on crucial phase four Covid economic relief legislation after months of legislative stalemate between House and Senate […]
By Frank McCaffrey It is safe to say many reading this piece pretended not to care about the Mike Tyson vs. Roy Jones, Jr. exhibition fight this weekend. But, you had to either watch it or check in on news/social media reports about it. We […]
“Drop the glue gun, and no one gets hurt!” By Catherine Mortensen A week before Thanksgiving, shoppers in Albuquerque, New Mexico strolled the aisles of Hobby Lobby, some perhaps shopping for glue guns and glitter to help with holiday decorating. Their shopping ended abruptly after an alarming […]
\ “Wrestling is one of many examples of how the free markets work.” By Frank McCaffrey I am fortunate in many ways because I learned about the power of the free markets as a teenager. I worked for a local television show called “Inside the […]
