Federal job cuts continue under Elon Musk and the Department of Government Efficiency.
Tag: elon musk
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‘HANDS OFF!’ RALLIES BREAK OUT ACROSS THE U.S. TO PROTEST MUSK / TRUMP…NOT A PEEP ABOUT THE U.S.-BACKED GENOCIDE
There’s one thing that so-called conservatives and liberals in the U.S. have in common: they love Israeli genocide and, no matter how angry they could be about the other side’s domestic policies—they fall right into line when it comes to Israel.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Department of Health and Human Services leading the count this week with 10,000 layoffs of full-time employees, including 3,500 at the Food and Drug Administration, 2,400 at the Centers for Disease Control and Prevention, 1,200 at the National Institutes of Health and 300 at the Centers for Medicare and Medicaid Services.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency this week hitting the Department of Defense which announced 60,000 possible job cuts and the Department of Education as President Trump signed an Executive Order to abolish the department.
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THE BLACKROCK-MICROSOFT AI PARTNERSHIP JUST GOT BIGGER
Market-leading chipmaker Nvidia and Elon Musk’s xAI have joined the partnership between Microsoft and private equity giant BlackRock to build up to $100 billion worth of AI data centers and electricity supplies to power them.
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INFLATION AND HIGH GOVERNMENT DEBT ARE LINKED, STUDY FINDS
When a government borrows to fund its programs, that puts pressure on consumer prices, according to research by Ernie Tedeschi, director of economics at Yale University’s Budget Lab and former chief economist for President Joe Biden’s White House Council of Economic Advisers.
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U.S. INFLATION SLOWS AS TARIFFS THREATEN TO REIGNITE IT
Inflation’s annual U.S. rate registered 2.8 percent in February, compared to 3 percent the month before, the Labor Department reported.
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U.S. BUDGET DEFICIT SURGES PAST $1 TRILLION TO SET YEAR-TO-DATE RECORD
In February, the U.S. budget deficit surpassed $1 trillion. February was only the fifth month of the federal government’s fiscal year, which begins 1 October.
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SPECIAL REPORT: THE U.S. CONSUMER IS TAPPED OUT AND WORN OUT
Rich and poor alike, U.S. consumers are spending less on both wants and needs, the Financial Times reported.
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SO FAR, TRUMP STRATEGY WEAKENS U.S., BOOSTS EUROPE
U.S. investors greeted Donald Trump’s re-election with joy, anticipating tax cuts, fewer regulations, and soaring profits. Stock prices climbed even further beyond the value of companies’ future earnings. The difference between stock prices and the price of government bonds widened to its greatest in 20 years.
