GOP warns Biden’s $2.7T infrastructure plan will ultimately crush Americans

Senate GOP assails Biden infrastructure plan as job killer that will give China, Russia a say in US tax laws Biden and his team, meanwhile, have performed rhetorical gymnastics to make almost everything in the package sound infrastructure-ish. Senate Republicans are warning that President Biden’s proposed $2.7 trillion infrastructure plan will undermine jobs and ultimately crush taxpayers –…

Stocks surge as House nears vote on $1.9T coronavirus aid package

U.S. equity markets rallied Wednesday as the U.S. House of Representatives readied to vote on President Biden’s $1.9 trillion COVID-19 relief bill. The Dow Jones Industrial Average rose nearly 300 points, or 0.9%, while the S&P 500 and the Nasdaq Composite advanced 0.75% and 1.1%, respectively. The early gains come as the 10-year yield holds near 1.55% after the consumer price index rose…

College admissions cheating scam, by the numbers

Dozens of wealthy, prominent individualsOpens a New Window. have been charged in connection with a multimillion-dollar scheme to secure entry to top colleges and universities for their children, in what federal officials described as the largest college admissionsOpens a New Window.scam in history. Prominent names among the defendants include “Full House” actress Lori Loughlin, her husband, fashion designer…

The Trump Manufacturing Jobs Boom: 10 Times Obama’s Over 21 Months

The Great Recession officially ended in June 2009, six months into former President Obama’s first term. The economy continued to shed jobs until the following March. Manufacturing was particularly hard hit, with almost 2.3 million manufacturing jobs—some 1 in 6—lost between January 2008 and March 2010. As is the case during recoveries, jobs bounced back,…

World’s ‘most competitive’ economy: U.S. regains the crown it lost 10 years ago

Once he’s done calling out the AP as “fake news” and slamming Democrats about immigration laws, Donald Trump just might tweet out this story. And he’d have good reason to. After a decadelong absence, the U.S. has regained the distinction of most competitive country in the world, according to the World Economic Forum. In fact, only Japan made a…

Oil struggles to find footing after 7% slide as outlook darkens

SINGAPORE, Nov 14 (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. International benchmark Brent crude oil futures were down 9…