President Biden says that 90% of adults in the U.S. will be eligible for the Covid vaccine by April 19 as case numbers are up 16% from last week.
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THE GREAT RESET: 2021 ECONOMIC COLLAPSE IS COMING
Join us on today’s live morning show. We are seeing some very troubling signs in the economy and governments are already preparing for trouble. Why aren’t we hearing more about this? We are, if you’re looking in the right places. Click here to RSVP and I’ll see you at 9 AM Eastern.
President Biden is fulfilling his campaign promise to forgive student loan debt in bits and pieces. On Monday, the administration announced that people with disabilities will have their student loans forgiven.
In order to qualify, borrowers have to be declared disabled by the Social Security Administration and therefore unable to work to earn an income to pay off debts.
This is largely a clerical move. The Education Department already forgives debt for people with disabilities but many of them fail to fill out the required paperwork and their loans are reinstated. This move from the Biden administration cancels those reinstated loans that popped back up because of paperwork, as well as loans for another 190,000 people with disabilities that never applied for cancelation in the first place.
This will come at a cost of $1.3 billion to taxpayers because the debts will be taxed as income unless the administration finds a way to declare otherwise.
The move isn’t likely to satisfy progressives who want President Biden to eliminate up to $50,000 in student loan debt per person.
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The National Rifle Association is always ready for a fight but they’re extra ready now that gun control legislation is top of mind. The Wall Street Journal reports that the NRA is busy pumping money into their lobbying efforts to push back against any legislation put forth by Democrats.
Every time there is a mass shooting, the NRA steps up for a legal fight. In March, there were two and we have a new President who has proven that he is willing to use his executive privileges to pass legislation that he wants. This signals trouble for the NRA and they know it.
A spokesperson for the organization said, “The simple fact is no other organization can move the ball in Congress and move the ball in the states when it comes to continuing to improve gun rights, hunting rights and self-defense laws like the NRA. People realize that.”
The NRA is currently gaining 1,000 new dues-paying members per day and gun purchases are at a record high, which means this fight is locked and loaded.
The average price for a single-family home keeps hitting record highs, a trend that is concerning realtors and home buyers alike. It is not concerning sellers though! Now is a great time to sell a house!
A report from the home sale site Redfin showed that the median home is selling for $331,590, which is up 16% from last year.
“It’s concerning how much home prices have risen during the pandemic,” Redfin Chief Economist Fairweather writes in the report. “When the pandemic is over, purchasing a home is going to cost much more than ever before, putting homeownership much further out of reach for many Americans. That means a future in which most Americans will not have the opportunity to build wealth through home equity, which will worsen inequality in our society.”
As prices go up, inventory goes down. New listings dropped 12% from last year. And when houses do come up for sale, they sell fast – 62% of new listings go under contract to sell in less than 2 weeks.
The military coup in Myanmar has claimed more than 500 lives and now it seems that the military rule is firing grenades into protesters’ barricades. Reuters reports that 14 civilians died on Monday alone by some type of heavy caliber weapon.
Residents have now taken to what they are calling a “garbage strike,” leaving bags of trash at major roads and intersections in order to paralyze the economy.
The U.S. has cut off all trade with Myanmar due to the coup until a democratic government has been restored. That sounds like a reasonable thing to do except it could punish Myanmar citizens as much as the military leaders. Many web services run on U.S.-based cloud services. Cutting off business there could take users offline at a time when they need it the most. U.S. companies are scrambling to petition the Biden administration for permission to keep web services and apps online.
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