Twitter Reinstates Donald Trump
“The people have spoken. Trump will be reinstated. Vox Populi, Vox Dei.” ~ Elon Musk
LAO Says California Faces $25 Billion Budget Deficit in 2023 – 24!
Sacramento, CA…The following is the executive summary from the Legislative Analyst’s Office on CA’s finances….”Economic Conditions Weigh on Revenues. Facing rising inflation, the Federal Reserve—tasked with maintaining stable price growth—repeatedly has enacted large interest rate increases throughout 2022 with the aim of cooling the economy and, in turn, slowing inflation. The longer inflation persists and […]
Inflation Pace Slows to 7.7% Annual Rate. Housing Costs Increased the Most!
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment. The index for shelter contributed over […]
Spacex’s Falcon Heavy Launch Pushes US Space Force Mission to Orbit
Cape Canaveral, FL…SpaceX Launched a Falcon Heavy USSF-44 mission to a geosynchronous Earth orbit from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida. Following booster separation, Falcon Heavy’s two side boosters landed at SpaceX’s Landing Zones 1 and 2 (LZ-1 and LZ-2) at Cape Canaveral Air Force Station in Florida. And yes all […]
Government Spending Pushes GDP Back Into Positive Territory
Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. The GDP estimate released today is based on source data that are incomplete […]
Ye West to Acquire Parler
Nashville, TN…Parlement Technologies is pleased to announce that it has entered into an agreement in principle for Ye, formerly known as Kanye West, to acquire the Parler platform. The acquisition ensures Parler a future role in creating an uncancelable ecosystem where all voices are welcome. Says Parler CEO George Farmer, “This deal will change the […]
State Begins Construction on 10,000-mile Broadband Network to Bring High-Speed Internet Service to All Californians
Sacramento, CA…On the heels of Governor Gavin Newsom’s $6.5 billion investment of taxpayer money to expand broadband infrastructure and enhance internet access for unserved and underserved communities, today construction began in rural San Diego County on the first leg of the 10,000-mile broadband network aimed at bringing high-speed internet services to all Californians, no matter […]
Shelter, Food & Medical Care Lead Inflation Higher! Inflation Rose 0.4% in Sept, 8.2% Annually
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. Increases in the shelter, food, and […]
Labor Department Tightens Rules on Gig Economy
Washington, DC…The U.S. Department of Labor will publish a Notice of Proposed Rulemaking on Oct. 13 to help employers and workers determine whether a worker is an employee or an independent contractor under the Fair Labor Standards Act. The proposed rule would provide guidance on classifying workers and seeks to combat employee misclassification. Misclassification is a serious […]
Yosemite National Park’s Ahwahnee Hotel to Undergo Major Upgrades
Yosemite, CA…Funded by the Great American Outdoors Act (GAOA), Yosemite National Park was recently awarded an approximately $31.6 million construction contract to upgrade the historic Ahwahnee Hotel. The project includes a major seismic upgrade throughout the historic hotel as well as a kitchen renovation. Kitchen project work is currently underway and work to upgrading the seismic safety will begin near the end of the year. “The Ahwahnee […]