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.

Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.
 
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
Federal regulators announced over the weekend that they will fully back all depositors of Silicon Valley Bank, guaranteeing that they are paid back in full after the bank collapsed last week.
 
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators.
 
Facebook’s parent company, Meta, is considering a decentralized, text-based social media platform comparable to Twitter after some users, many of whom are Left-leaning, are seeking alternatives due to the company’s acquisition by Elon Musk.
Facebook’s parent company, Meta, is considering a decentralized, text-based social media platform comparable to Twitter after some users, many of whom are Left-leaning, are seeking alternatives due to the company’s acquisition by Elon Musk.
 
Unemployment increased in February even as the number of new jobs exceeded analysts’ forecasts, according to data from the Bureau of Labor Statistics released Friday.
Unemployment increased in February even as the number of new jobs exceeded analysts’ forecasts, according to data from the Bureau of Labor Statistics released Friday.
 
The tax burden from illegal immigration at the federal, state, and local levels is roughly $150.7 billion per year, according to an analysis published on Wednesday by the Federation for American Immigration Reform (FAIR).
The tax burden from illegal immigration at the federal, state, and local levels is roughly $150.7 billion per year, according to an analysis published on Wednesday by the Federation for American Immigration Reform (FAIR).
 
The number of job openings in the United States decreased to 10.8 million as of January, according to data released on Wednesday by the Bureau of Labor Statistics, even as the number of available positions continues to drastically exceed the number of unemployed workers.
The number of job openings in the United States decreased to 10.8 million as of January, according to data released on Wednesday by the Bureau of Labor Statistics, even as the number of available positions continues to drastically exceed the number of unemployed workers.
 
Leaked memo shows that permits for oil drilling were rejected, despite knowing they could producer “greater energy security”
Leaked memo shows that permits for oil drilling were rejected, despite knowing they could producer “greater energy security”
 
The Cooper administration’s announcement of a “Memorandum of Understanding” with the nation of Denmark to share “knowledge, data, and best practices” over offshore wind energy development predictably set their media acolytes abuzz.
The Cooper administration’s announcement of a “Memorandum of Understanding” with the nation of Denmark to share “knowledge, data, and best practices” over offshore wind energy development predictably set their media acolytes abuzz.
 
There is growing demand for the right to repair technology, especially expensive farm equipment, without being compelled to use the manufacturer’s licensed professionals
There is growing demand for the right to repair technology, especially expensive farm equipment, without being compelled to use the manufacturer’s licensed professionals
 
The push for electric vehicles in North Carolina and across the country may be the step that broke the “power grid’s back,” according to a new report.
The push for electric vehicles in North Carolina and across the country may be the step that broke the “power grid’s back,” according to a new report.
 
Government subsidies involve policymakers using your money to prop up politically chosen initiatives
Government subsidies involve policymakers using your money to prop up politically chosen initiatives
 
New worries as home values plunge in a decrease that hasn’t been seen since the Great Recession
New worries as home values plunge in a decrease that hasn’t been seen since the Great Recession
 
There’s no doubt, freedom and economic growth is tied to free trade. The less countries and communities are hindered by burdensome and unnecessarily regulations, the more wealth that can be generated.
There’s no doubt, freedom and economic growth is tied to free trade. The less countries and communities are hindered by burdensome and unnecessarily regulations, the more wealth that can be generated.
 
Treasury Secretary Janet Yellen contended on Monday that inflation is decreasing as a result of efforts from the Federal Reserve.
Treasury Secretary Janet Yellen contended on Monday that inflation is decreasing as a result of efforts from the Federal Reserve.
 
The report states that North Carolina is among the most consolidated and least affordable for healthcare, but its hospitals were three times more profitable than the national average in 2019.
The report states that North Carolina is among the most consolidated and least affordable for healthcare, but its hospitals were three times more profitable than the national average in 2019.
 
Famed billionaire financier Thomas H. Lee was found dead in his office bathroom on Thursday with a single gunshot wound to his head.
Famed billionaire financier Thomas H. Lee was found dead in his office bathroom on Thursday with a single gunshot wound to his head.
 
Tesla CEO Elon Musk and Gov. Gavin Newsom (D-CA) appeared together on Wednesday as the electric automaker unveiled a new hub for its technology employees in Silicon Valley.
Tesla CEO Elon Musk and Gov. Gavin Newsom (D-CA) appeared together on Wednesday as the electric automaker unveiled a new hub for its technology employees in Silicon Valley.
 
Employees at many companies are shirking efforts from management to end remote work and introduce a return to physical office spaces, according to a new survey from Payscale.
Employees at many companies are shirking efforts from management to end remote work and introduce a return to physical office spaces, according to a new survey from Payscale.
 
Elon Musk balked at remarks from the Biden administration that diversity would play an important role in the appointment of the next vice chair of the Federal Reserve.
Elon Musk balked at remarks from the Biden administration that diversity would play an important role in the appointment of the next vice chair of the Federal Reserve.
 
A bill to end payroll dues deductions for all public employees In North Carolina was introduced earlier this week.
A bill to end payroll dues deductions for all public employees In North Carolina was introduced earlier this week.
 
The executive branch of the European Union announced on Thursday that social media platform TikTok would be banned from some government devices.
The executive branch of the European Union announced on Thursday that social media platform TikTok would be banned from some government devices.
 
Vice President Kamala Harris claimed on Wednesday that the Biden administration has decreased electricity prices for American families even as data indicate the exact opposite.
Vice President Kamala Harris claimed on Wednesday that the Biden administration has decreased electricity prices for American families even as data indicate the exact opposite.
 
Amazon employees are furious as the company rolls back remote work arrangements, with some threatening to quit and others drafting petitions in reaction to a recent announcement that they must report to the office at least three times per week.
Amazon employees are furious as the company rolls back remote work arrangements, with some threatening to quit and others drafting petitions in reaction to a recent announcement that they must report to the office at least three times per week.
 
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
 
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
 
Despite happy talk from the Biden administration, the country remains economically weak
 
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
 
Congressional Budget Office Director Phillip Swagel revealed on Wednesday that the federal government could “run out of funds” between July and September.
Congressional Budget Office Director Phillip Swagel revealed on Wednesday that the federal government could “run out of funds” between July and September.
 
Free markets lower disparities, while government-controlled systems make things worse
 
The Consumer Price Index rose 6.4% between January 2022 and January 2023 as price pressure from household staples such as food and shelter remains elevated, according to a report from the Bureau of Labor Statistics.
The Consumer Price Index rose 6.4% between January 2022 and January 2023 as price pressure from household staples such as food and shelter remains elevated, according to a report from the Bureau of Labor Statistics.
 
House Republicans rebuked President Joe Biden for his optimistic view of the economy on Tuesday following an inflation report which continued to show elevated prices.
House Republicans rebuked President Joe Biden for his optimistic view of the economy on Tuesday following an inflation report which continued to show elevated prices.
 
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