Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter . Today we get you caught up on this week’s abundance of Trump news. Mar-A-Lago Is Looking To Hire 91 Foreign Workers This Year M ar-a-Lago, former president Donald Trump’s private club-cum-legal residence at the center of an investigation into his handling of classified government documents, has relied on temporary foreign workers to keep the sprawling estate humming. Last year, the Trump Organization sought 87 foreign workers for the Palm Beach property, up from 78 a few years earlier. It’s not clear how many were hired, but no doubt at least some likely had backstage access to political theater (maybe even scraps of presidential records floating in toilets ). On Monday, the Federal Bureau of Investigation raided Mar-a-Lago, with one of Trump’s attorneys confirming the agency’s search related to an investigation into his handling of classified … [Read more...] about Checks & Imbalances: Mar-A-Lago’s Busy Week
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Editor Daily Rundown: Gas Prices Shatter Record Highs
GAS PRICES SHATTER RECORD HIGHS… USA TODAY: Gas prices are now the most expensive in US history, breaking record from 2008 After days of dramatically rising gas prices in wake of Russia’s invasion of Ukraine, the national average for a gallon of gas is now the highest in United States history, breaking the record that stood for nearly 14 years. As of Tuesday morning, the cost of regular gas in the U.S. is $4.17, according to AAA, up from $4.06 on Monday. Last week, the average cost was $3.60. The previous national average high was $4.11, set on July 17, 2008, according to AAA. The cost for diesel is also nearing the record of $4.84, which was also set in July 2008. The current price for a gallon of diesel is $4.75, over double what it was in October 2020. WORSE THAN HOLLYWOOD COULD IMAGINE… ‘I Am Legend’ Set A Prediction For Gas Prices In The Apocalypse. Prices In Beverly Hills Just Surpassed It In one rich pocket of the country, gas is officially more … [Read more...] about Editor Daily Rundown: Gas Prices Shatter Record Highs
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
Share to Twitter Share to Linkedin People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps more to the point, what’s not afoot here. Take China, where officials have been hinting all year about a pivot away from giant growth-killing “ zero Covid ” lockdowns. Myriad times, chatter about a more “dynamic” approach prioritizing vaccinations and testing over shutting down major metropolises excited investors. Then, new lockdowns ended the party. This pattern played out again this week in Hainan , an island province dependent on tourism. And for investors, it was a reminder that the forces behind the near-zero growth China produced in the April-June quarter—just 0.4% year-on-year—might not be an aberration. Odds are, the People’s Bank of China will remain in supporting-growth mode. Asia’s biggest economy, remember, has a bit of a property crisis on its hands. The strains that saw … [Read more...] about China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life