Just when it seemed impossible for things to get tougher for small businesses, the federal government decided to make things worse.
Small businesses have had a tough run for the last few years. Record inflation, high interest rates, and workforce shortages have led to widespread pessimism among small businesses. The last thing they need is more government interference, but that is exactly what is happening.
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The Federal Reserve on Dec. 13 held the Federal Funds Rate—the rate at which banks lend to each other—steady at 5.25 percent to 5.5 percent, as the consumer inflation once again cooled to 12-month average level of 3.1 percent, according to the latest data compiled by the Bureau of Labor Statistics.
Leading the cooldown were drops in energy prices as gasoline dropped 6 percent in November, following a 5 percent drop in October.
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In episode 28 of his newest production, “Tucker on X,” Tucker Carlson sat down with Chris Moritz, a “longtime investment banker and policy guy,” as the former cable news host described him.
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Across the globe, governments are removing legal barriers to women joining the workforce. At the same time, many companies and governments are pushing for equal numbers of women and men in STEM (science, technology, engineering, and mathematics) and entrepreneurship.
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Reports about ESG — “environmental, social, and governance” scores that progressive activists, money-management firms, and government agencies (namely, the Securities and Exchange Commission) assign to corporations — have become nearly ubiquitous in the news. There is even a website, esgnews.com, that keeps track of the latest ESG-related developments.
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The Secret Service is paying over $30,000 a month to rent a Malibu mansion to provide security for President Biden’s son Hunter Biden, according to a news report Monday.
The agency tasked with protecting the president and his family have been renting the house close Hunter’s close to $20,000 a month Malibu property for close to a year, according to ABC News.
Don Mihalek, a current ABC News contributor and former senior Secret Service agent, said that the exorbitant rental figure is merely “the cost of doing business for the Secret Service.”
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No one ever said that the business of politics made good sense, but if you’re a politician, and the vast majority of your constituents — including a high percentage of those in your own party — no longer want you to represent them, shouldn’t you take their distaste as a hint and get the heck out of office?
Such is the case for notorious Donald Trump bashing RINO congresswoman Liz Cheney. As everyone knows by now, Cheney is the lone House representative from the huge but sparsely populated state of Wyoming, which means hers is the sole voice of every single Cowboy State resident and citizen in the lower chamber. Liz has never had an issue with winning elections in blood red Wyoming, which would seem to be an argument in her favor. But times and circumstances have changed markedly in the rocky mountain high plains and there’re hardly any folks there who hanker to send Cheney back to DC for another two years.
Yet onward Liz trudges. Because Cheney has fallen so far out of favor with conservatives and Republicans in her jurisdiction, she’s now relying on Democrats to try and (literally) save her seat. The optics alone are odd, but reality is even weirder. In a piece titled “Liz Cheney turns to Democrats to save her hide,” Tara Palmeri wrote at Politico:
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It is a good time to be a worker with in-demand skills in Wisconsin.
Wisconsin Manufacturers & Commerce, the state’s largest business group, on Monday said its latest Employer Survey shows many businesses across the state plan to raise wages by more than 4% at some point this year.
“Wages are rising much faster than they have in recent memory,” WMC President & CEO Kurt Bauer said. “Wisconsin does not have enough people to fill the jobs we have available, and that creates an aggressive competition for talent. We are seeing wages rise at a faster rate, sign-on bonuses, work flexibility and many other strategies from companies to attract and retain talent.”
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A survey released Monday found that business experts expect prices and inflation to rise at elevated levels for years to come.
The National Association for Business Economics released the results of a survey of 48 economic experts who downgraded their growth predictions and projected elevated inflation through the second half of 2023, if not later.
“NABE Outlook survey panelists have ramped up their expectations for inflation significantly since September,” said NABE Vice President Julia Coronado, founder and president, MacroPolicy Perspectives LLC. “The core consumer price index, which excludes food and energy costs, is now expected to rise 6.0% from the fourth quarter of 2020 to the fourth quarter of 2021, compared to the September forecast of a 5.1% increase over the same period.”
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The U..S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market recovers from the summer lows, according to the U.S. Bureau of Labor Statistics (BLS).
The number of unemployed people fell to 7.4 million, down from 7.7 million in September, according to the BLS report released Friday. Economists surveyed by Dow Jones projected 450,000 jobs would be added in October.
While unemployment claims continue to fall, the country still struggles with labor shortages, supply chain issues and growing inflation. Job growth was widespread throughout the economy in October, with leisure and hospitality adding 164,000 jobs, professional and business adding 100,000 and manufacturing adding 60,000 jobs, according to the BLS report.
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Major tech companies are continuing to require their employees to be vaccinated at their Texas facilities, in violation of Gov. Greg Abbott’s executive order banning all vaccine mandates.
Abbott signed an executive order on Oct. 11 prohibiting “any entity,” including private businesses, government contractors and local schools, from imposing a requirement that employees be vaccinated as a condition of employment. However, Google, Facebook, HPE, Twitter and Lyft have yet to lift their vaccine mandates in response to the order, Protocol first reported.
HPE spokesman Adam Bauer confirmed the company had not changed its vaccine policy, and told the Daily Caller News Foundation that the company was making “vaccination a condition of employment for U.S. team members to comply with President Biden’s executive order and remain in good standing as a federal contractor.”
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Timothy Keiderling’s decision to enroll in the Princeton Theological Seminary reflected his commitment “to give my life to work for justice and to live out the values of the Kingdom of God.” In a letter to the seminary’s president, Craig Barnes, he wrote that he “would sacrifice anything to make sure that my brothers and sisters see relief from their oppression.”
But the seminary’s concept of justice clashed with Keiderling’s conscience when PTS required him to attend “anti-racism” training sessions that he considered a form of indoctrination. He refused to participate in the sessions even after being reminded that they were mandatory. And then – early this year, with the potent support of the newly founded Academic Freedom Alliance (AFA) – he convinced the seminary to exempt him from the training.
It was “a real victory which can advance the academic freedom cause substantially,” says Princeton Professor Robert George, a leader of the AFA who acted as an adviser to Keiderling, and whom the latter credits with making his victory possible. “Instead of a victim, we have a victor — one who stuck to his guns and persuaded his institution not only to respect his right of conscience, but to acknowledge the difference between education and indoctrination.”
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