By Robert Romano The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent. Historically, […]

By Robert Romano It’s a simple ruling: “Eliminating racial discrimination means eliminating all of it.” On June 29, the Supreme Court affirmed Title VI of the Civil Rights Act, 42 U.S. Code § 2000d’s prohibition on racial discrimination in federally funded programs, including higher education, at both public and private universities, in […]

By Robert Romano President Joe Biden wants to run on the strength of the U.S. economy , in a June 28 campaign speech in Chicago Illinois , touting the U.S. as the “strongest economy in the world”. He might not have much choice — presidents are judged by the health of the economy in many respects when […]

By Robert Romano “When you think about wages going up, when you think about inflation at its lowest by more than 50 percent than it was a year ago, that’s because of the work that this President has done.  And he’s going to continue to focus on […]

By Robert Romano “I’m not going to use the word ESG because it’s been misused by the far left and the far right.” That was Blackrock CEO Larry Fink on June 25 at Aspen Ideas Festival attempting to put some distance between himself and the Environmental, Social and Governance (ESG) investment model that directs investor funds to companies […]

By Robert Romano The Federal Reserve has halted increasing its target interest rate, the Federal Funds Rate , at 5 percent to 5.25 percent, as consumer inflation reported by the Bureau of Labor Statistics continues to slow down, now down to an elevated 4 percent the past twelve months. Last month it was 4.9 […]

By Rick Manning Woke retailers like Target are lining up in support of what last year I called ‘smash and grab’ legislation worth billions of dollars by mandating changes to how credit cards are processed. Senator Dick Durbin succeeded in getting language put into the 2010 Dodd-Frank […]

By Robert Romano The unemployment rate has ticked up off of historic lows to 3.7 percent in May, as 310,000 fewer Americans reported having jobs and those saying they were unemployed increased by 440,000, the latest data by the Bureau of Labor Statistics shows . That’s still pretty low by historic standards, but nothing lasts forever. Following […]

By Robert Romano The U.S. House of Representatives easily passed H.R. 3746 , the Fiscal Responsibility Act, by a bipartisan majority of 314 to 117 on May 31 , with 149 Republicans and 165 Democrats voting in favor, and 71 Republicans and 46 Democrats opposed. The legislation, which now proceeds to the Senate, would suspend the $31.4 trillion national debt […]

By Robert Romano “Just confirmed by the non-partisan @USCBO… This will be the LARGEST SPENDING CUT that Congress has ever voted for in history. $2.13 Trillion!” That was House Speaker Kevin McCarthy (R-Calif.) in a May 30 Twitter post pointing to a newly generated Congressional Budget Office (CBO) estimate of the Fiscal […]