Trade war bailout: $12 billion in emergency aid for farmers hurt by tariffs
"The aid will be facilitated by the Commodity Credit Corp, an agency set up during the Great Depression, and will not require congressional approval."
"The aid will be facilitated by the Commodity Credit Corp, an agency set up during the Great Depression, and will not require congressional approval."
"People depending on a pension not only likely won’t get the money owed to them in the future… but they’ll also get stuck paying more into the system today. It’s a true lose/lose."
"A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened - a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth."
"To Venezuelans such wisdom is essential, because when you are coping with hyperinflation, the long term is next week."
"Roughly 15,000 Boers are ready to leave their country and begin a new life in Russia."
"The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, 'I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'"
"Thank the Trump tariffs on imported washing machines, washing machine parts, steel, and aluminum for the largest three-month price increase—16.4% from February to May this year—in the 40-year history of the Bureau of Labor Statistics (BLS) series for Major Appliances: Laundry Equipment."
"Taxpaying families are paying more for public school employees but getting less public education for their children in return."
"Every business large and small will be responsible for knowing the sales tax rates in [over 10,000] counties, towns, cities and states in the nation. The ruling is a Pandora’s box for expansive state taxing authority. This court decision is not limited to expanding the targets of the state sales tax. Politicians will use this court decision as a green light to export their income tax to individuals and companies in other states."
"The stakes are high because China buys roughly 30 percent of all America's soy. The proposed 25 percent tariff -- which is a tax buyers pay the government to purchase the commodity -- ensures Chinese buyers will look elsewhere."