Drudge Retort: The Other Side of the News

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Tuesday, May 16, 2023

A report by Special Counsel John Durham released Monday found the FBI should not have launched a full investigation into the connections between former President Donald Trump's campaign and Russia during the 2016 election, with the report saying the FBI used "raw, unanalyzed and uncorroborated intelligence" to justify the investigation. read more

Monday, May 01, 2023

While U.S. President Joe Biden has promised to hold accountable those responsible for SVB's collapse, such promises, too, should be greeted with a healthy dose of skepticism. After all, the Obama administration, in which Biden served as vice president, never held any bankers responsible for the 2008 financial crisis. The fact is that regulators " including the Fed " have failed to keep the banking system safe. Banks depend on trust: depositors need to be confident that they can withdraw their money whenever they want. That has always been true. What has changed is the ease with which billions of dollars can be withdrawn in a nano-second online.

Monday, April 17, 2023

"Social Security faces a looming financial shortfall," Richard Johnson, director of the Program on Retirement Policy at the Urban Institute, a Washington-based think tank, told Newsweek. "Social Security benefits now exceed Social Security revenues. That shortfall is being made up by the program trust fund, which accumulated over the past four decades. But unless federal policymakers take action, the trust fund will run out in 2033, and Social Security will be able to pay only about 80 percent of scheduled benefits." "The trust funds are scheduled to be depleted in 2033"that's 10 years away from now," Jason Fichtner, VP and chief economist at the Washington-based think tank Bipartisan Policy Center, told Newsweek. read more

Saturday, April 15, 2023

Former President Donald Trump's 2024 fundraising has been turbocharged by his indictment, according to new figures provided by his campaign. Trump raised a combined $18.8 million in the first quarter through his joint fundraising committee and his campaign, the latter of which is required to report its first-quarter financial activity on Saturday.

Sunday, March 26, 2023

President Biden signed an executive order in 2022 to research a central bank digital currency, but the U.S. government has not stated any plans to create one Florida Gov. Ron DeSantis is proposing a new law for his state that would pre-emptively ban the use of a central bank digital currency, also known as a CBDC. DeSantis said in a press release on Monday that his push to ban CBDCs aims to "protect Florida consumers and businesses from the reckless adoption of a 'centralized digital dollar' which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners."


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