U.S. Secretary of the Treasury Steven Mnuchin announced today that the United States will “begin making $4.8 billion in critical funds available to Tribal governments in all states”. Funds come from the CARES Act, which allocated $8 billion in coronavirus relief funding to Native American Tribes. However, as this funding…
Trade Deficit with China Decreases $4.2 Billion in March
May 5, 2020
The trade deficit with China decreased $4.2 billion to $15.5 billion in the month of March. Exports to China in March increased $0.3 billion to $7.8 billion and imports from China decreased $3.9 billion to $23.3 billion. The United State’s trade deficit with China has been decreasing steadily, around $2…
Real Estate Giant Zillow Forecasts 60% Drop in Home Sales this Spring
May 4, 2020
Real estate company Zillow forecasts that “home sales will fall as much as 60% this spring”. This forecast comes after the National Association of Realtors reported a 20.8% decrease in pending home sales in March. However, the association predicts home sales will decline only 14% on the year, as they…
Blue Bell Ice Cream Pleads Guilty to Food Contamination. Will Pay Nearly $20 Million Fine
May 2, 2020
Blue Bell Ice Cream to “plead guilty to two misdemeanor counts of distributing adulterated ice cream products”, and will pay a $19.35 million fine to settle. The plea agreement “alleges that the company distributed ice cream products that were manufactured under insanitary conditions and contaminated with Listeria monocytogenes“. Listeria monocytogenes can…