US economy – Page 33 – THE OVAL CIRCLE

US unemployment may be as high as 40 MILLION – national poll

Posted on April 28, 2020April 28, 2020By Editor

The soaring jobless rate in the US due to the Covid-19 outbreak may be far worse than the official data shows, as millions of Americans have been unable to file for unemployment insurance, a poll finds. … Read More >US unemployment may be as high as 40 MILLION – national poll

Business

Trump: Live by the Oil, Die by the Oil

Posted on April 23, 2020April 23, 2020By Editor

From the very beginning I’ve been a staunch critic of President Trump’s “Energy Dominance” policy. And I was so for a myriad of reasons, but mostly because it was stupid. … Read More >Trump: Live by the Oil, Die by the Oil

USA

‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

Posted on April 23, 2020April 23, 2020By Editor

“In the face of both COVID-19 and the climate crisis, we urgently need to shift from a culture of war to a culture of care.” … Read More >‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

USA

U.S. Billionaire Wealth Surges as Covid-19 Pandemic Worsens

Posted on April 23, 2020April 23, 2020By Editor

As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge, according to a new Institute for Policy Studies report that I co-authored with Omar Ocampo and Sophia Paslaski, Billionaire Bonanza 2020. … Read More >U.S. Billionaire Wealth Surges as Covid-19 Pandemic Worsens

Business

‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

Posted on April 22, 2020April 22, 2020By Editor

At a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months. … Read More >‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

USA

Only Oversight of Oversight Will Keep Profiteers From Siphoning Stimulus Money Into Their Own Wallets

Posted on April 13, 2020April 13, 2020By Editor

Hand out a dollar every second, and it takes almost two weeks to get to $1 million. It takes about 31 years to hand out $1 billion. And about 30,000 years to hand out $1 trillion. … Read More >Only Oversight of Oversight Will Keep Profiteers From Siphoning Stimulus Money Into Their Own Wallets

USA

US Banks Reportedly Set to Seize Oil and Gas Assets Fearing Energy Firms Bankruptcy

Posted on April 12, 2020April 12, 2020By Editor

The energy sector has been suffering from a massive drop in oil prices caused by excessive supply amid the coronavirus pandemic and the curtailment of economic activity around the world. Some US oil producers have already been forced to file for bankruptcy due to skyrocketing debts. … Read More >US Banks Reportedly Set to Seize Oil and Gas Assets Fearing Energy Firms Bankruptcy

Business

US weekly unemployment claims jump by 6.6 million, bringing 3-week total to more than 16 MILLION

Posted on April 9, 2020April 9, 2020By Editor

The US Labor Department reported on Thursday that the jobless rolls continued to grow due to the Covid-19 lockdown, with 6.6 million Americans filing first-time unemployment claims in the week ending April 4. … Read More >US weekly unemployment claims jump by 6.6 million, bringing 3-week total to more than 16 MILLION

Business

Dow surges over 1000 points on investor optimism as coronavirus fatalities slow in Europe & New York

Posted on April 6, 2020April 6, 2020By Editor

US stock markets are surging higher on Monday following news that the death rate from Covid-19 in New York State and the worst-hit European countries is declining. … Read More >Dow surges over 1000 points on investor optimism as coronavirus fatalities slow in Europe & New York

USA

The Contradictions of American Warfare: Good Karma, Bad Karma… Always Karma

Posted on April 4, 2020April 4, 2020By Editor

The old adage should say: Nothing is certain but death and taxes… and Karma. Karma is as real as it gets. The various holy books made sure to state that ‘What ye sow so shall ye reap’ AKA ‘What goes around comes around. … Read More >The Contradictions of American Warfare: Good Karma, Bad Karma… Always Karma