JOE BIDEN IS AND HAS ALWAYS BEEN A BILLARY CLINTON GLOBALIST DEM FOR OPEN BORDER. THEN SENATOR BIDEN HELPED BILLARY CLINTON PERPETRATE N.A.F.T.A. FOR WALL STREET. IT WAS THE BEGINNING OF THE END OF MIDDLE AMERICA!
Biden Targets Six Communities to Dump New York City’s Migrants
President Joe Biden’s deputies have targeted six poor communities in New York and New Jersey as locations to resettle the foreign migrants now overflowing government-funded shelters in New York City.
The list of sites was sent to state officials, and promptly leaked to Bloomberg, which reported:
Most of the sites are outside of the city, including Stewart International Airport, a small Hudson Valley facility frequently used by private jet owners. The Atlantic City location is even in another state, New Jersey.
One recommended site, Massena International Airport, is 365 miles (588 kilometers) from the city, in remote St. Lawrence County on New York’s Canadian border. It serves as a US Customs port of entry from Canada.
There are two sites in Schenectady, one near Bear Mountain State Park, one near Newburgh; and one site in New Jersey at Atlantic City Airport.
“The burden put on our citizens would be overwhelming and the effect on the school system, roads and resources to accommodate them would be devastating,” responded Laura Pfrommer, the Republican Mayor of Egg Harbor Township in New Jersey. She added:
The humanitarian crisis created by the federal government is not appropriately dealing with the issues of immigration has unfairly resulted in small communities having to bear the brunt of this inaction … We strongly urge the federal government to actually deal with the situation at the border and not shift the responsibility to communities.
The list names also five sites in New York City, including Floyd Bennett Field in Brooklyn, which has been approved by New York officials.
The state’s Democrat politicians know the resettlements are unpopular, and that prior efforts have prompted protests and reversals. So they are reluctant to let the city’s Democrats shove their city-made migrant problem outside the city before the 2024 elections.
White House on Majority of Americans Living Paycheck-to-Paycheck: Wages Only Started Outpacing Inflation Recently
On Thursday’s broadcast of MSNBC’s “Katy Tur Reports,” White House Council of Economic Advisers Chair Jared Bernstein responded to a majority of Americans saying they’re living paycheck-to-paycheck and those who aren’t feeling the economy improving by acknowledging that “it’s early days for those wage gains,” and so he’s “very sympathetic to the idea that people need to see them continue, and I think if the job market stays tight, they will.”
Guest host Alex Witt asked, “[A]s you know, a majority of Americans still say they are living paycheck-to-paycheck. So, what is the message to those people who don’t really personally feel the economy improving, despite the White House’s messaging?”
Bernstein responded, “Well, I think there, we have to consider what we’ve been talking about in terms of current events, where we have, again, a strong labor market supporting consumer spending and real wage gains. But it’s early days for those wage gains, by the way. So, I’m very sympathetic to the idea that people need to see them continue, and I think if the job market stays tight, they will. But I think we also need to look around the corner. You see a president that is working day in and day out on behalf of the American people. The prescription drug announcement that came out earlier this week, it’s going to help the incomes of millions of seniors by allowing them to spend less on prescription drugs. This morning, we announced a proposed overtime rule, so that people could get fair overtime pay on the job, and, of course, there’s the deep investment agenda behind Bidenomics, which is supporting manufacturing across this country in rural areas, in urban areas, in blue states, in red states. So, we believe that the current dynamics in the economy are moving in the right direction, but we’re planting the speeds for a more prosperous future as well.”
Follow Ian Hanchett on Twitter @IanHanchett
61% Are Now Living Paycheck-to-Paycheck; Personal Savings Rate Falls
As of July, Americans are saving less – and more than half are living paycheck-to-paycheck – new reports reveal.
“61% of Americans are living paycheck to paycheck — inflation is still squeezing budgets,” CNBC reported on Thursday, citing a new Lending Club study on July 2023 consumer trends.
Also on Thursday, the U.S. Bureau of Economic Analysis (BEA) released its “Personal Income and Outlays” report for July, revealing that Americans’ average personal savings rate fell from 4.3% in June to 3.5% in July.
July’s 3.5% savings rate is a mere quarter of its 13.4% level when former Pres. Donald Trump left office and more than twice the 7.2% savings rate recorded during Trump’s first full month in the White House.
Adjusted for inflation, “real” disposable personal income (DPI) for July - personal income less personal current taxes – fell, compared to the previous month, the BEA reports:
- Total personal income increased $45.0 billion, at a 0.2% monthly rate, in July.
- Disposable personal income was virtually unchanged from June.
- “Real” disposable personal income decreased 0.2% for the month.
- “Real” personal consumption expenditures increased 0.6% in July, reflecting increases of 0.9% in spending on goods and 0.4% in spending on services.
- The Personal Consumption Price Index increased 0.2%, compared to the previous month.
The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.
ONE OF BIDEN'S BIGGEST BRIBESTERS IS LARRY FINK OF BLACKROCK. THEY PUMPED MORE THAN $30 MILLION INTO JOE'S ELECTION CAMPAIGN WITH JOE'S PROMISE THAT HE WOULD FLOOD AMERICA WITH MILIONS AND MILLIONS OF ILLEGALS WHO WILL ALWAYS BE RENTERS.
THEN FINK/BLACKROCK WENT OUT AND ACQUIRED $60 BILLION (not million) IN RENTALS.
AFTER THAT THE RENTS WENT UP AND UP AND UP.
BLACKROCK IS JOE BIDEN’S BIGGEST BRIBESTER.
Mr. Kennedy calls the issue a “crisis,” and directed blame on companies like BlackRock, State Street, and Vanguard.
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
Democrat presidential candidate Robert F. Kennedy Jr. waves to the audience after delivering a foreign policy speech at St. Anselm College in Manchester, N.H., on June 20, 2023 (MORE BELOW)
Democrat-Corporate Alliance: Big Banks, BlackRock, Pfizer Back Hochul Plan to Have Americans Bail Out New York for Illegal Immigration
The nation’s biggest banks on Wall Street, investment firms, and pharmaceutical companies are among a number of multinational corporations throwing their support behind a plan from New York Gov. Kathy Hochul (D) that would have American taxpayers bail out the sanctuary state for an illegal immigration influx.
As Breitbart News reported, Hochul unveiled the bailout this week — promising to lobby President Joe Biden for millions, potentially billions, in American taxpayer money that would ensure border crossers and illegal aliens in New York secure jobs, healthcare services, housing vouchers, and free public transit.
“It is past time for President Biden to take action and provide New York with the aid needed to continue managing this ongoing crisis,” Hochul said in an address.
Hochul’s bailout plan is now receiving praise from the corporate lobby, a number of whom are donors to the upstate Democrat.
In a letter from the Partnership for New York City — a coalition of massive multinational corporations — business executives write to Biden that they fully support such a bailout and ask that he consider moving ahead with the plan.
“We write to support the request made by New York Governor Hochul for federal funding for educational, housing, security, and health care services to offset the costs that local and state governments are incurring with limited federal aid,” the executives write.
Most importantly to the corporate lobby, the executives note they want to see the Biden administration release border crossers and illegal aliens into the United States interior with work permits so they can take American jobs and expand the labor market.
Mass immigration is a boon for Wall Street, real estate investors, and corporations as it adds millions of new consumers to the economy, new residents who need housing, and new workers whom employers can hire to keep the price of labor down.
WATCH: Migrants Sleep On Sanctuary New York City Streets
Saul Acevedo“… there is a compelling need for expedited processing of asylum applications and work permits for those who meet federal eligibility standards,” the executives continue:
Immigration policies and control of our country’s border are clearly a federal responsibility; state and local governments have no standing in this matter.
There are labor shortages in many U.S. industries, where employers are prepared to offer training and jobs to individuals who are authorized to work in the United States. The business community is also providing in-kind assistance and philanthropic support to organizations that are addressing the immediate needs of this largely destitute population.
Executives who signed the letter represent corporations like Pfizer, Paramount, JPMorgan Chase, BlackRock, the WNBA, Citibank, Macy’s, AlleyCorp, Wells Fargo, Blackstone, Etsy, Goldman Sachs, Hearst, Maverick Capital, McGraw Hill, Tapestry Inc., the Georgetown Company, MetLife Inc., the IBM Corporation, LVMH, HSBC Bank USA, Deutsche Bank, Vox Media, and Apollo Global Management, among others.
“… we urge you to take immediate action to better control the border and the process of asylum and provide relief to the cities and states that are bearing the burdens posed by the influx of asylum seekers,” the executives write to Biden.
A number of the executives who signed the letter served as major donors to Hochul’s gubernatorial re-election bid last year against former Rep. Lee Zeldin (R-NY).
Hochul donors whose companies signed the letter include those linked to Vornado Realty Trust, the Related Companies, Tishman Speyer, the Fisher Brothers, and Standard Industries.
Already, American taxpayers are billed $143 billion annually for costs associated with illegal immigration. This estimate does not include any of the social and economic costs — such as higher housing prices, depleted wages, lost jobs, increased crime, and strained public resources at hospitals and schools.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Biden Admin Blames NY for Not Communicating Better With Illegal Immigrants Who Are Overwhelming City
The Biden administration responded Monday to criticism from New York elected officials over the migrant crisis, citing "structural and operational issues" with the state and city’s response.
Homeland Security secretary Alejandro Mayorkas sent letters to Democratic Gov. Kathy Hochul and New York City mayor Eric Adams, citing two dozen areas where the city needs to improve its response to the crisis, Politico reported. The letters urged the city to improve data collection and "communications" with migrants in order to facilitate applications for asylum and work authorization.
The letters come the day after an anti-migrant protest in the city turned violent outside the mayor’s official residence.
Hochul and Adams have both criticized the federal government for not doing enough to alleviate the crisis.
At the same time, tensions have risen between Adams and Hochul over the handling of the crisis. Hochul recently criticized Adams, blaming him for the shortage of migrant housing. On Tuesday, Adams hit back, saying Hochul needed to aid the city in processing migrants by having other New York counties share the burden.
A recent poll showed that 82 percent of New Yorkers consider the influx of migrants a "serious" problem, with 54 percent saying it is "very serious."
BLACKROCK IS JOE BIDEN’S BIGGEST BRIBESTER.
Mr. Kennedy calls the issue a “crisis,” and directed blame on companies like BlackRock, State Street, and Vanguard.
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
Democrat presidential candidate Robert F. Kennedy Jr. waves to the audience after delivering a foreign policy speech at St. Anselm College in Manchester, N.H., on June 20, 2023
By Jeff Louderback
Robert F. Kennedy Jr. said that if elected president, he would create a 3 percent mortgage for Americans guaranteed by the government and funded by the sale of tax-free bonds, and he would work to make it less profitable for large corporations to own single-family homes in the United States.
“If you have a rich uncle who co-signs your mortgage, you will get a lower interest rate because the bank looks at his credit rating. I’m going to give everyone a rich uncle, and his name is Uncle Sam,” Mr. Kennedy said at a recent town hall in Spartanburg, South Carolina.
Mr. Kennedy added that the first 500,000 of those 3 percent mortgages would be reserved for teachers.
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
8/29/2023
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
Since entering the 2024 presidential race and announcing he would challenge President Joe Biden for the Democrat party nomination, Mr. Kennedy has promoted a platform centered on “healing the divide” and “restoring the middle class.”
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
He recently traveled around South Carolina talking to voters about his ideas.
“Both President Trump and President Biden are running on platforms that they’ve brought prosperity to this country. But when I travel around South Carolina and other states, I’m not seeing that,” Mr. Kennedy told an audience in Charleston. “I’m seeing people who are living at a level of desperation that I have not seen in this country ever.”
Soaring Costs and Debt
Mr. Kennedy chastised the Biden administration, noting that the country has seen higher food prices, credit card debt, and energy costs, as well as an affordable housing crisis.
“In the last two years, the price of housing has gone from $250,000 average to $400,000. Interest rates have gone up 20 percent, and we don’t need to have that happen,” Mr. Kennedy said. “There are ways that the federal government can help people without driving up the debt.”
Making it easier for Americans to buy single-family homes without competing against institutional investors is a priority, Mr. Kennedy said.
A Wall Street Journal report in 2021 showed that 200 corporations were aggressively buying tens of thousands of single-family houses, including entire neighborhoods, and significantly increasing rental prices.
Pew Charitable Trusts, a nonpartisan research organization based in Philadelphia, reported that investors purchased 24 percent of the single-family homes bought in 2021. In 2022, the number climbed to 28 percent of single-family home purchases, according to the organization.
A MetLife Financial Management study contends that institutional investors could own up to 40 percent of single-family homes by 2030.
“Americans are being shut out of the American dream,” Mr. Kennedy said.
Mr. Kennedy calls the issue a “crisis,” and directed
blame on companies like BlackRock, State Street,
and Vanguard.
A 2017 academic paper published by Cambridge University Press reported that the three firms constitute the largest shareholder in 88 percent of S&P 500 firms.
“And now they have a new target, which is to gain ownership of all the single-family residences in this country. And they are on a trajectory to do that,” Mr. Kennedy told an audience in Greenville, South Carolina.
“Usually, when a company buys a home with a cash offer, there is an LLC with an ambiguous name. It often can be traced back to one of those big companies,” Mr. Kennedy explained.
Mr. Kennedy added that Larry Fink, the CEO of BlackRock, is a World Economic Forum board member.
“The WEF is a billionaire boys club that meets in Davos every year and has a plan, which is New World Order and what they have called the Great Reset,” Mr. Kennedy noted. “Klaus Schwab, who wrote the book on that agenda, says that you will own nothing and you will be happy. They are well on their way to accomplishing that first part.”
Corporate Investments in Ohio
Earlier this year, Sen. Sherrod Brown (D-Ohio) introduced legislation called the “Stop Predatory Investing Act” that would ban federal tax breaks on interest and depreciation for corporations (JOE BIDEN’S CRONY, LARRY FINK OF BLACKROCK) that own 50 or more single-family rental homes. If passed, the bill would make it less profitable for large investment companies to buy so many homes.
In Cleveland, Mr. Brown said, institutional investors own 70 percent of homes in one zip code.
The same problem exists in neighborhoods like Cincinnati’s East Price Hill, Mr. Brown remarked.
"In 2021, the last year we have complete data at this point, investors bought 15 percent of homes, and nearly 50 percent of homes in some communities like Price Hill,” Mr. Brown told reporters. “It drives up prices and makes it harder for relatively low-income families. That's where they prey on people."
Another presidential candidate agrees with Mr. Kennedy’s assessment of BlackRock, State Street, and Vanguard
Ohio entrepreneur Vivek Ramaswamy, who has emerged as one of the main challengers behind former President Donald Trump in the 2024 Republican presidential primary, wrote on social media that BlackRock, State Street, and Vanguard represent “arguably the most powerful cartel in human history.”
"They're the largest shareholders of nearly every major public company (even of each other)," Mr. Ramaswamy posted on X, the social media platform formerly known as Twitter.
"And they use your own money to foist ESG agendas onto corporate boards—voting for 'racial equity audits' & 'Scope 3 emissions caps' that don't advance your best financial interests. This raises serious fiduciary, antitrust, and conflict-of-interest concerns."
Economic Struggle
Mr. Kennedy, who is scheduled to speak at a town hall in the Brooklyn borough of New York City on Aug. 30, criticized Mr. Ramaswamy and the other seven Republicans who were on stage at the party’s first 2024 presidential debate in Milwaukee on Aug. 23.
“The Republican debate last night was out of sync with the mood of the country,” Mr. Kennedy said in a statement, pointing out that the candidates “said nothing about the desperation and hardship working people face in this country. They said nothing about wages, housing costs, food costs, child care costs, and medical costs, or what we can do about it. They said nothing about the systemic corruption that enriches corporations and the elites as swaths of the former middle class fall into poverty.”
“Our nation deserves better than posturing and bickering masquerading as debate. Instead of arguing, we can tap into the swelling popular will to turn this country around,” Mr. Kennedy added.
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
At every stop in South Carolina, Mr. Kennedy said that one of his first priorities as president would be to change the tax code so that “it will be less profitable for large corporations to own single-family homes.”
During his address in Brooklyn, just as he did in South Carolina, Mr. Kennedy is expected to talk about the economic challenges facing American families, and his plan to address those issues.
Curbing credit card debt is another way to help more Americans achieve home ownership and become more financially comfortable.
“Many Americans are living paycheck to paycheck. The average income in this country is $5,000 less than the average cost of living. What that means is people have to make up the difference by putting those expenses on credit cards,” Mr. Kennedy told a crowd in Richmond, Virginia.
“We recently reached a milestone in this country with more than $1 trillion in personal credit card debt,” Mr. Kennedy said, adding that many creditors are charging interest rates of 22 percent and higher. “If it was the mafia, it would be loan sharking and they would go to jail, but for banks and credit card companies, it is considered the cost of doing business.”
Before concluding his remarks about credit card debt, Mr. Kennedy asked the audience a question.
“Who do you think owns many of those
companies? BlackRock, State Street, and
Vanguard,” he said. “They are strip mining the
wealth of the American public, and their political
clout allows them to do that, which is why I’m
going to make it less profitable for large
corporations to own single-family homes.”
San Francisco May Lose Lucrative Tech Conference Because of Drugs and Homelessness, Organizer Says
San Francisco could lose a massive conference that brings in millions of dollars because of the city's homelessness and rampant drug use.
Marc Benioff, cofounder and CEO of Salesforce, said his company may be hosting its final "Dreamforce" tech conference in San Francisco this year, pointing to attendees' fears about safety in the city. Benioff said he projects the event, which will run from Sept. 12-14, will bring 40,000 people to the city and inject $57 million into the downtown economy.
"If this Dreamforce is impacted by the current situation with homelessness and drug use, it may be the last Dreamforce," Benioff told the San Francisco Chronicle on Tuesday. He has told the outlet in previous years that attendees have complained about the situation in San Francisco.
Salesforce has given tens of millions of dollars to fight homelessness and crime, but the city continues to struggle with public safety, an issue that has prompted dozens of businesses to close or relocate.
Homicides in San Francisco have increased nearly 40 percent from 2020 to 2022, and deaths from fentanyl have spiked.
Kroger warehouse worker dies of heat-related illness in Memphis, Tennessee
A worker died last Friday at a Kroger distribution warehouse in Memphis, Tennessee amid a blistering heatwave which impacted much of the United States. Tony Rufus, a Memphis Kroger Distribution Center worker, was found unresponsive Friday night and declared dead by Memphis police.
Rufus worked in the distribution center’s Salvage Department loading and unloading product from trailers. According to reports, he was sweating profusely, asking for water and was desperately seeking places to cool off in his area, which was not air conditioned. He was later found slumped over his pallet jack.
Friday’s high reached a blistering 101 degrees Fahrenheit (38 Celsius) in Memphis, and workers say the interior of the Salvage Department is often much hotter than outside temperatures. While workers are contractually guaranteed a fifteen-minute break every two hours, this is simply not enough in such dangerous temperatures.
According to the Bureau of Labor Statistics, between 2011 and 2021 there were 436 work-related deaths caused by heat exposure in the United States. This will no doubt get worse as temperatures rise as a result of climate change.
One group of workers who have been particularly hard hit by the increasing temperatures are delivery drivers, whose vehicles frequently lack air conditioning. At UPS, the company actually removes air conditioning systems from its vehicles after purchasing them, and at least 143 UPS workers suffered heat or dehydration-related injuries since 2015, according to OSHA reports.
Rufus’ death came only three days after the Teamsters union declared the ratification, under suspicious circumstances, of a new contract at UPS. While the union bureaucracy claimed the deal contained historic improvements, it is in reality a sellout which maintains UPS as one of the most exploited unionized workforces in the country. The contract includes an agreement with the company to include A/C for all new vehicles, a meaningless concession given that the company operators its trucks for two decades or more. Last Wednesday, the day after the contract was ratified, a UPS driver died of heat-related illness in the Dallas, Texas area.
The Teamsters also cover Kroger warehouse workers. A representative for Local 667 in Memphis claimed that before Rufus’ death they had pressed Kroger to improve its heat-related safety standards in the distribution center, including more breaks and cooler temperatures.
However, such demands were never even raised in relation to UPS hubs, which also lack air conditioning and where the vast majority of UPS employees work as low-paid part-timers. Also last Friday, temperatures reached 99 degrees Fahrenheit in Louisville, Kentucky, where the company’s massive Worldport air freight hub is located. A worker from Worldport told the WSWS that the complex, which has more than 8,000 workers, no longer even has emergency medical services on site as a cost-saving measure. Instead, Worldport shares EMS with the Louisville passenger airport a mile and a half away.
The Kroger Company is the largest grocery retailer by revenue in North America, with a workforce of over 465,000. The company is infamous for its low pay and poor working conditions, which have gotten worse during the pandemic. In fact, Kroger warehouse workers in Memphis walked off the job in March of 2020 during the opening surge of the pandemic. In 2021, 19-year Kroger veteran Evan Seyfried took his own life after being harassed and bullied by a store manager for taking COVID precautions at work.
These conditions are enforced with the complicity of the union bureaucracy. The United Food and Commercial Workers Union, which covers many Kroger store workers and workers at its subsidiaries, has forced through one sellout after another. Last year, the UFCW rammed through a contract with below-inflation raises in Indianapolis in a second vote after workers had rejected it the first time, then deleted their social media page in order to pre-empt any opposition. The UFCW also isolated a strike by King Soopers workers in early 2022.
No comments:
Post a Comment