The final vote on Wednesday saw 220 representatives in favor and 211 opposed, breaking mostly along party lines. Republicans who opposed the bill were joined by one Democrat, Rep. Jared Golden (D-Maine). President Joe Biden is expected to sign the ARP sometime on Friday. While the House adopted a stimulus …
Read More »Bitcoin market cap tops $1 TRILLION again as its rollercoaster ride takes another upturn
Bitcoin’s price rose above $54,000 on Tuesday, marking a day-by-day growth of more than eight percent, according to data tracked by Coinbase. Its market capitalization first topped the $1 trillion milestone on February 19, holding at that level for a few days before retreating. While still hovering below its all-time-high …
Read More »Senate passes $1.9 trillion Covid relief bill after marathon session
The bill passed by 50 votes to 49 on Saturday, wrapping up a day-long session of amendments and debate. Every Democrat present voted in favor of the bill, and every Republican against. Republican Dan Sullivan (Alaska) was absent, which meant that Democrats did not have to bring in Vice President …
Read More »A Covid death toll of 124,000, £2 trillion in debt, hellish prisons, education in chaos… but Boris and his team get rave reviews!
Parallax error is a miscalculation in measurement due to competing lines of sight. The point you are looking from might not be the same as someone else’s. That’s now the situation the UK finds itself in politically. The country’s ‘leading Conservative blog’has published net satisfaction ratings for the government and …
Read More »The $7 TRILLION cost of upgrading the US power grid
We have just witnessed the damage caused by poorly designed energy grids—rolling blackouts, skyrocketing electricity prices, people sleeping in their cars and in one insulated room to keep warm. At the same time a weaponized right wing media swings into action blaming wind turbines and the green new deal for …
Read More »Biden’s $1.9 trillion coronavirus relief package narrowly passes US House, $1,400 stimulus checks included
President Joe Biden’s relief package, known as the American Rescue Plan, was passed by the House early on Saturday in narrow 219-212 vote. No Republicans have voted for the legislation, while two Democrats broke ranks and voted against it. The legislation includes $1,400 checks for most Americans, as well as …
Read More »Two shocking headlines that sum up Covid: Billionaires MADE $3.9 trillion during the pandemic, while workers LOST $3.7 trillion
In a simple comparison, two headlines seem to say it all about the economic impact of the Covid-19 crisis: the first, from Business Insider, reads “Billionaires made $3.9 trillion during the pandemic” while the second, from The Guardian, shouts “Covid-19 has cost global workers $3.7 trillion in lost earnings.” A …
Read More »‘Not what we were saying, Joe’: Progressives angry as Biden’s $1.9 TRILLION coronavirus plan offers $1,400 instead of $2k
As part of the $1.9 trillion ‘American Rescue Plan,’ the new administration wants to roll out $1,400 checks to supplement the $600 “stimulus” sent out last month, which “would bring the total to the $2,000 that Biden has called for,” per AP. The amount has caused some rancor, as Biden …
Read More »The $16 TRILLION bug: Pandemic could cost US economy its entire annual output
While most studies assess the costs of the deadly virus by its impact on the national gross domestic product (GDP), a paper published in the Journal of the American Medical Association earlier this week offered a different approach. The authors of the study – former Treasury Secretary Lawrence Summers and …
Read More »Billionaires’ wealth tops $10.2 TRILLION as millions struggle amid pandemic
According to the research, their wealth grew by 27.5 percent at the height of the crisis, from April to July, reaching a combined $10.2 trillion. The billionaires had mostly benefited from betting on the recovery of global stock markets, UBS said, noting that their wealth had hit “a new high, …
Read More »