Economy adds 315K jobs in August, unemployment ticks up
Job growth slowed slightly in August but remained well above pre-pandemic levels as steady consumer spending powered another strong month of hiring. The U.S. added 315,000 jobs last month and the unemployment rate rose to 3.7 percent, according to data released Friday by the Labor Department, up from 3.5 percent in August. Economists expected the U.S. to gain roughly 300,000 jobs last month without the unemployment rate budging, according to consensus estimates. While the unemployment rate rose by 0.2 percentage points, the labor force participation rate also rose
Read MoreWhat Gorbachev taught us about leadership
Forty-seven years to the day after the United States suffered the then-bloodiest attack on our territory at Pearl Harbor, our nation exited an era of continuous fear of annihilation. From World War II through the Cold War, first the Japanese and German war machines and then the Soviet military had threatened to destroy the United States and its most vital partners around the world. But on Dec. 7, 1988 a most unlikely hero, Soviet General Secretary Mikhail Gorbachev, opened a new pathway to peace.
Read MoreOnlyFans reports owner received over $500M in dividends since end of 2020
The owner of the social media site OnlyFans, which is known for featuring adult content, has been paid more than $500 million in dividends from the company since the end of 2020. Owner Leonid Radvinsky received $517 million in dividends over 2021 and 2022, according to an annual report released Thursday and acquired by Bloomberg. The overall profits of OnlyFans, owned by holding company Fenix International Inc., multiplied by a factor of seven d
Read MoreBiden’s student loan bailout and the death of skin in the game
President’s Biden’s forgiveness of up to $20,000 of the amounts owed on 45 million outstanding student loans represents the official death knell of any semblance of market discipline in America. Unfortunately, his administration has not been alone in giving away taxpayer money without attaching strings to ensure that everyone has some skin in the game. Higher education is a good thing, and the more well-educated people we have, and the better educated they are, the better it is for the nation. But there are much better ways to achieve those goals than by using taxpayer money in un
Read MoreWendy's E. coli outbreak spreads to New York, Kentucky, CDC says
ALBANY, N.Y. (WTEN) — Food poisoning incidents, thought to be caused by bad lettuce at Wendy's restaurants, have spread to both New York and Kentucky, the Centers for Disease Control and Prevention said Thursday. The new cases raised the number of states where diners have fallen ill to six. According to the CDC, as of Aug. 31, a total of 97 people nationwide have been infected with an outbreak strain of
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