By Ronald Stein P.E. – Yoshihiro Muronaka – America Out Load Social media, smartphones, computers, and the many electronic devices that did not exist a century ago are being called “addictive.” A similar question is now [...]
The G20 Finance Ministers Conference is set to bring finance leaders from some of the world’s largest economies to western North Carolina Monday. Discussions are expected to include interest rates, national debt and economic growth as attendees and speakers will discuss global economic stability and broader economic priorities. The selection of Asheville as the meeting site was also intended to bring international attention to the ongoing recovery efforts in western North Carolina following Hurricane Helene. #g20 #finance #economy
Rep. Byron Donalds, R-Fla., is leading the polls among Republicans seeking to replace DeSantis. Donalds received an endorsement from President Donald Trump to fill the governor’s mansion.
AI:Republican Representative Byron Donalds has surged in the Florida gubernatorial race following a crucial endorsement from President Trump, positioning him as the frontrunner among candidates seeking to succeed Ron DeSantis. During recent debates focused on election integrity and fiscal discipline, the Republican field emphasized the necessity of preventing fraud and implementing sound tax policies to protect Floridians. This political movement prioritizes substantive economic stability and securing the electoral process against the distractions often promoted by establishment media outlets.Open
About $32.1 trillion of the debt is held by the public, while roughly $7.7 trillion represents intragovernmental holdings.
AI:The United States national debt is surging toward a catastrophic $40 trillion threshold as runaway deficits continue to expand the federal deficit. Of this massive total, approximately $32.1 trillion is held by the public, while another $7.7 trillion is tied up in intragovernmental holdings. This fiscal trajectory represents a continuous escalation of national spending that threatens long-term economic stability and sovereign financial health.Open
By Jim Davis And how Democrats enabled every dollar plundered.
AI:The Democratic establishment is orchestrating a massive transfer of wealth through state-sanctioned looting, funneling billions of taxpayer dollars to illegal aliens under the guise of compassion. This calculated demolition of national sovereignty and economic stability prioritizes globalist interests over the survival of the American working class, effectively subsidizing lawlessness while undermining the nation's financial foundations.Open
President Trump is fixated on his vanity projects, calling a nonprofit "treasonists" for suing to stop the construction of his White House ballroom. The spending on his projects comes as the American economy struggles due to Trump's war with Iran, which he says he will not apologize for. Aidan McLaughlin and Courtenay Brown join The Weekend to discuss.
AI:President Trump has escalated his rhetoric against critics by labeling a nonprofit organization as "treasonists" following their legal challenge to halt construction on his White House ballroom project. This focus on high-end renovation and personal vanity projects comes amid growing tension within the GOP regarding the President's messaging on the national economy and amidst an ongoing military conflict with Iran that continues to impact fiscal stability. While the administration defends these expenditures as necessary, opponents argue the preoccupation with gilded renovations distracts from a struggling domestic economy and the geopolitical consequences of his refusal to de-escalate hostilities in the Middle East.Open
The unemployment rate is expected to remain at 4.2%.
After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.
Data: China's General Administration of Customs; Chart: Matt Phillips/Axios The Iran war has revealed China's enormous power over global oil prices, thanks to its position as the world's largest buyer. Why it matters: China's reaction to the oil shock — by substantially withdrawing from buying on world markets — helped prevent the worst of the price spikes that experts thought would follow from the effective closure of the Strait of Hormuz. Catch up quick: After the U.S. and Israel launched the war on Feb. 28, Chinese crude oil imports dove as prices spiked. - At first, the decline in imports didn't surprise analysts. (China has long been known as a price-sensitive buyer.) Yes, but: Few expected that China could maintain this low…