A man in Georgia has been arrested and charged “with fraud for attempting to sell millions of nonexistent respirator masks to the Department of Veterans Affairs in exchange for large upfront payments”. Allegedly, the man represented to the Department of Veterans Affairs, he would sell them “125 million face masks…
CPI Declines in March for the First Monthly Decline Since January 2015
April 10, 2020
The Consumer Price Index (CPI) declined 0.4 percent in March, “the largest monthly decline since January 2015”. CPI is “based on prices of food, clothing, shelter, fuels, transportation,doctors’ and dentists’ services, drugs, and other goods and services”, and is the main measuring tool for inflation. This month’s decline reveals the…
DOJ Directs FCC to Revoke China’s Authorization to Provide Telecommunication Services in U.S.
April 10, 2020
The Department of Justice has directed the Federal Communications Commission (FCC) to “revoke and terminate” China’s state-owned telecom company’s “authorizations to provide international telecommunications services to and from the United States.” Following President Trump’s Executive Order passed one week prior, ordering a review of “national security and law enforcement concerns that…
6.6 Million in U.S. Apply for Unemployment in Last Week
April 9, 2020
In the last week, 6,060,000 Americans have applied for unemployment, a decrease of 261,000 from the record-high total a week ago. This brings the last three weeks’ total for initial unemployment claims to over 16 million.