Economic Truths | Eastern NC Now

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

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Economic Truths  

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age — 65 — each day.
The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age — 65 — each day.
 
The vice president for brand management at Target — which has come under fire and lost billions of dollars in market capitalization after its transgender and LGBTQ merchandise prompted a boycott — also serves as treasurer of an LGBT group
The vice president for brand management at Target — which has come under fire and lost billions of dollars in market capitalization after its transgender and LGBTQ merchandise prompted a boycott — also serves as treasurer of an LGBT group
 
The share of the American workforce composed of foreign-born workers rose to record levels last year, a phenomenon which comes as immigration surges in the wake of worldwide lockdowns and as the nation’s economy grapples with labor shortages.
The share of the American workforce composed of foreign-born workers rose to record levels last year, a phenomenon which comes as immigration surges in the wake of worldwide lockdowns and as the nation’s economy grapples with labor shortages.
 
Fans of Chip and Joanna Gaines are urging the pair to take a stand against Target as calls for boycotts against the retailer continue.
Fans of Chip and Joanna Gaines are urging the pair to take a stand against Target as calls for boycotts against the retailer continue.
 
Target has repeatedly boasted about efforts to support the Gay, Lesbian, and Straight Education Network, also known as GLSEN, an entity which helps teachers place LGBTQ books in school libraries and hide their students’ so-called gender transitions from parents.
Target has repeatedly boasted about efforts to support the Gay, Lesbian, and Straight Education Network, also known as GLSEN, an entity which helps teachers place LGBTQ books in school libraries and hide their students’ so-called gender transitions from parents.
 
The latest estimates of the staggering losses suffered by Anheuser-Busch since April 1, the day the Dylan Mulvaney controversy exploded, put their loss in market value at about $27 billion by the end of May.
The latest estimates of the staggering losses suffered by Anheuser-Busch since April 1, the day the Dylan Mulvaney controversy exploded, put their loss in market value at about $27 billion by the end of May.
 
Target witnessed a $6 billion decrease in the retail behemoth’s market capitalization amid consumer backlash over a designer featured in the company’s most recent “Pride Month” collection who appears to have created products with Satanic imagery.
Target witnessed a $6 billion decrease in the retail behemoth’s market capitalization amid consumer backlash over a designer featured in the company’s most recent “Pride Month” collection who appears to have created products with Satanic imagery.
 
Bud Light and its parent company Anheuser-Busch are sponsoring at least three different upcoming Pride events despite backlash over the partnership with Dylan Mulvaney, a social media influencer who identifies as transgender.
Bud Light and its parent company Anheuser-Busch are sponsoring at least three different upcoming Pride events despite backlash over the partnership with Dylan Mulvaney, a social media influencer who identifies as transgender.
 
Two rating agencies placed the United States on a negative watch over recent negotiations to amend the debt ceiling between President Joe Biden and House Speaker Kevin McCarthy.
Two rating agencies placed the United States on a negative watch over recent negotiations to amend the debt ceiling between President Joe Biden and House Speaker Kevin McCarthy.
 
Judging from all the alarm these days, maybe artificial intelligence poses a huge danger threat to humanity.
Judging from all the alarm these days, maybe artificial intelligence poses a huge danger threat to humanity.
 
Microsoft officials on Wednesday issued an advisory saying a Chinese hacking group compromised “critical” U.S. cyber infrastructure focused on gathering intelligence – and urged customers to close or change credentials for exposed accounts.
Microsoft officials on Wednesday issued an advisory saying a Chinese hacking group compromised “critical” U.S. cyber infrastructure focused on gathering intelligence – and urged customers to close or change credentials for exposed accounts.
 
Enrollment for most forms of postsecondary education in the United States continued to decline three years after nationwide lockdowns forced many students to temporarily continue their degrees online, according to a new analysis from the National Student Clearinghouse.
Enrollment for most forms of postsecondary education in the United States continued to decline three years after nationwide lockdowns forced many students to temporarily continue their degrees online, according to a new analysis from the National Student Clearinghouse.
 
The advances in artificial intelligence over the past couple of years might very well turn out to be a watershed moment in history.
The advances in artificial intelligence over the past couple of years might very well turn out to be a watershed moment in history.
 
The White House on Tuesday said invoking the 14th Amendment to prevent the U.S. from defaulting on $31 trillion debt won’t solve the national crisis after nearly a dozen left-wing Senators suggested President Joe Biden use such authority.
The White House on Tuesday said invoking the 14th Amendment to prevent the U.S. from defaulting on $31 trillion debt won’t solve the national crisis after nearly a dozen left-wing Senators suggested President Joe Biden use such authority.
 
One of the largest public state pension funds in the nation has routinely accepted shareholder resolution advice from a woke proxy advisory firm based in San Francisco
One of the largest public state pension funds in the nation has routinely accepted shareholder resolution advice from a woke proxy advisory firm based in San Francisco
 
Meta was slammed Monday by the European Union with a $1.3 billion fine and ordered to cease transferring user data to the United States over privacy concerns.
Meta was slammed Monday by the European Union with a $1.3 billion fine and ordered to cease transferring user data to the United States over privacy concerns.
 
The California Public Employees’ Retirement System (CalPERS) recently opposed legislation that would require divestment from fossil fuel companies despite the agency’s support of the environmental, social, and corporate governance movement, also known as ESG.
The California Public Employees’ Retirement System (CalPERS) recently opposed legislation that would require divestment from fossil fuel companies despite the agency’s support of the environmental, social, and corporate governance movement, also known as ESG.
 
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
 
Twitter owner Elon Musk doubled down on supporting free speech during an interview this week, saying that he will say whatever he wants to say and he is fine if he loses money over it.
Twitter owner Elon Musk doubled down on supporting free speech during an interview this week, saying that he will say whatever he wants to say and he is fine if he loses money over it.
 
H.B. 346, Reorganization & Economic Development Act, sailed through three House committees, including Health, Insurance, and Rules, this week before passing 86-26 in the House Thursday and now heads to the Senate.
H.B. 346, Reorganization & Economic Development Act, sailed through three House committees, including Health, Insurance, and Rules, this week before passing 86-26 in the House Thursday and now heads to the Senate.
 
Deputy Labor Secretary Julie Su, who President Joe Biden nominated to replace Labor Secretary Marty Walsh, will defend her previous support of a controversial law in California that cracked down on freelancers as she seeks confirmation in the Senate.
Deputy Labor Secretary Julie Su, who President Joe Biden nominated to replace Labor Secretary Marty Walsh, will defend her previous support of a controversial law in California that cracked down on freelancers as she seeks confirmation in the Senate.
 
On Wednesday, the North Carolina House passed a bill to ban China and other foreign adversaries from purchasing N.C. agricultural land and property within 25 miles of the state’s military bases.
On Wednesday, the North Carolina House passed a bill to ban China and other foreign adversaries from purchasing N.C. agricultural land and property within 25 miles of the state’s military bases.
 
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
 
President Joe Biden and House Speaker Kevin McCarthy (R-CA) each said on Tuesday that they made progress on debt ceiling negotiations, indicating thaws in an impasse as the nation faces a possible debt default in two weeks.
President Joe Biden and House Speaker Kevin McCarthy (R-CA) each said on Tuesday that they made progress on debt ceiling negotiations, indicating thaws in an impasse as the nation faces a possible debt default in two weeks.
 
Twitter CEO Elon Musk said during an interview Tuesday night that he believes that the U.S. might be on the verge of serious financial issues later this year due to a variety of factors.
Twitter CEO Elon Musk said during an interview Tuesday night that he believes that the U.S. might be on the verge of serious financial issues later this year due to a variety of factors.
 
OpenAI CEO Sam Altman testified before members of the Senate on Tuesday about the risks from artificial intelligence advancements, encouraging lawmakers to implement regulations.
OpenAI CEO Sam Altman testified before members of the Senate on Tuesday about the risks from artificial intelligence advancements, encouraging lawmakers to implement regulations.
 
Former executives from Silicon Valley Bank and Signature Bank told members of the Senate on Tuesday that their institutions failed as a result of panic from depositors.
Former executives from Silicon Valley Bank and Signature Bank told members of the Senate on Tuesday that their institutions failed as a result of panic from depositors.
 
Residents of several cities in the United States require a salary much higher than $100,000 to feel as if they are earning six figures due to elevated costs of living and aggressive taxes, according to a recent analysis from SmartAsset.
Residents of several cities in the United States require a salary much higher than $100,000 to feel as if they are earning six figures due to elevated costs of living and aggressive taxes, according to a recent analysis from SmartAsset.
 
Anheuser-Busch competitor Yuengling sent out a well-timed tweet as the Bud Light drama drags on.
Anheuser-Busch competitor Yuengling sent out a well-timed tweet as the Bud Light drama drags on.
 
The Anarchist, a coffee shop in Toronto, Canada, that functioned on a “pay what you can” system, will close at the end of the month after slightly more than one year in business.
The Anarchist, a coffee shop in Toronto, Canada, that functioned on a “pay what you can” system, will close at the end of the month after slightly more than one year in business.
 
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
 
Google and Alphabet CEO Sundar Pichai said Sunday that lawmakers should regulate the use of artificial intelligence, suggesting the advanced technology could impact the economy and potentially create a dangerous environment worldwide.
Google and Alphabet CEO Sundar Pichai said Sunday that lawmakers should regulate the use of artificial intelligence, suggesting the advanced technology could impact the economy and potentially create a dangerous environment worldwide.
 
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
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