Articles
The Chairman’s Report May 14, 2021
Peter Morici is Professor Emeritus at the University of Maryland and is recognized as an expert on economic policy and international economics. He has often appeared on CNN, CBS, BBC, Fox, ABC, CNBC, NPR and NPB. Read More.
'I'm not giving up': Senator sees progress on consumption tax proposal
Although he lost a key vote in the Legislature promoting his revolutionary consumption tax reform plan last week, Sen. Steve Erdman of Bayard says that loss represented progress with three years left for him to accomplish his goal. Read More.
Inflation Spiked 4.2% In April—Hitting 13-Year High As Price Concerns Rock The Market
Consumer prices rose 4.2% over the 12 months ending in April, according to data released Wednesday by the Labor Department, shooting past expectations one day after inflationary concerns led to the stock market’s worst daily performance in months.
Read More.
Colonial Pipeline attack tip of the infrastructure risk iceberg: DHS cyber chief
The Colonial Pipeline attack is said to be the work of the Russian ransomware group Darkside. Read More.
Stocks slide as inflation spikes, oil nears $66 per barrel
CPI jumped 4.2% year over year Read More.
Crude oil prices rise after Colonial Pipeline cyberattack
Colonial Pipeline Co. operates the 5,500 mile system taking fuel from the Gulf Coast to New York. Read More.
Dogecoin plunges during Elon Musk's 'SNL' gig
Cryptocurrency dropped in value following a mention in Musk's 'SNL' monologue Read More.
Amazon had sales income of €44bn in Europe in 2020 but paid no corporation tax
Despite lockdown surge the firm’s Luxembourg unit made a €1.2bn loss and therefore paid zero corporation tax Read More.
Plan to replace all taxes with consumption tax falls short in Nebraska Legislature
LINCOLN — State lawmakers balked Wednesday at a proposal to scrap Nebraska’s existing taxes and replace them with a first-in-the-nation consumption tax. Read More.
The Grassroots Corner May 10, 2021
🇺🇸 The Grassroots Corner - Week Beginning 5/10/21: “Meet Candidate Marissa Selvig” Read More.
China’s trade with the U.S. and Australia grew in April despite tensions
BEIJING — China’s exports surged more than expected in April as global demand for Chinese goods remained elevated amid countries’ varying stages of dealing with the coronavirus pandemic. Read More.
Treasury Secretary Janet Yellen calls estimated $7 trillion tax gap 'shocking and distressing'
Treasury Secretary Janet Yellen is calling on the wealthy to pay their fair share of taxes and to close the tax gap by improving tax compliance and audits. Read More.
Amazon is accused of 'appalling tax avoidance' after it emerges the company's European arm scored record sales of £38billion last year... but didn't pay a penny in corporation levy
Amazon's European business paid no corporation tax last year despite record sales of £38billion. Read More.
US hiring sharply misses expectations in April with just 266,000 new jobs added
Unemployment unexpectedly rose to 6.1% Read More.
The Chairman’s Report May 7, 2021
While many in the media were praising President Biden’s speech to Congress about his plans to spend as much as $6 trillion dollars in the next few years, Dr. Douglas Holtz-Eaton, the director of the Congressional Budget Office from 2003 to 2005, wrote an article entitled, The Fine Art of Making Things Add Up. Read More.
