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The Congressional Budget Office reports that the 35-day partial government shutdown, the longest in history, cost the economy $3 billion that won’t be recovered. The Internal Revenue Service was among the agencies affected. Because it had to cut down compliance activities during the shutdown, the government’s tax revenue will be $2 billion lower this fiscal year. The CBO does not estimate indirect costs that were certainly related to the shutdown, such as risks to the health of...

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Senate Minority Leader Chuck Schumer of New York has tapped Stacey Abrams, who recently narrowly lost a bid to be governor of Georgia, to present the official Democratic response to President Trump’s State of the Union address on February 5. “Stacey Abrams offers a welcome, stark contrast to President Trump’s politics of division and lack of leadership as American families are still feeling the impacts of his self-imposed shutdown,” Schumer said in a statement. “Stacey Abrams...

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In another win against the tech giants, the European Union, lead by the French government, fined Google $57 million. The argument against Google was a “lack of transparency, inadequate information and lack of valid consent.” In violation of individuals rights, the tech company reaps profit off of the individual data of users. While the European Union has successfully fined the tech giants, the United States Government is far behind, having only congressional hearings with the...

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New research from the National Association of Realtors found that existing home sales have hit a three year low. 2018 was the worst year for sales of previously-owned homes since 2015. The month of December 2018 was especially bad for the housing market. Sales of previously-owned homes, which make up the vast majority of housing sales, were down 6.4% for the month and 10.3% lower than December 2017. At the same time, stocks fell the most in almost...

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Tens of thousands of Los Angeles public school teachers have spent the school week outside of the classroom and on the picket lines. The more than 30,000 educators on strike are demanding smaller class sizes, increased staffing and higher teacher salaries. Many Los Angeles classrooms have more than 40 students to a single teacher. The current cap for high school class sizes in L.A. is 46. Aerial footage shows massive teacher strike as tens of...

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Elon Musk’s SpaceX announced it is slashing 10% of its workforce, another blow for Musk’s companies. Musk hasn’t had an easy go of it recently, getting in hot water with the SEC, who took unprecedented action against him for his Twitter missives about taking Tesla private. Also, Musk’s company Tesla’s shares recently tanked following reports of extremely bad sales in China. This is especially noteworthy given the recent development that China is offering Musk permanent residency. Breitbart reports that “getting a Chinese ‘green...

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California’s new Democrat governor, Gavin Newsom, came out swinging against President Trump in his inauguration speech, calling the administration “incompetent.” “We will offer an alternative to the corruption and incompetence in the White House,” Newsom said in his inaugural address. “Our government will be progressive, principled, and always on the side of the people.” “There is an administration in Washington that is clearly hostile to California and California’s interests,” Newsom said. “People’s lives, freedom, security, the...

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Democrat Congressman Ted Lieu (D-Calif) threatened President Donald Trump with a lawsuit from the House of Representatives if the president declares a “made-up” national emergency to deal with migrants at the U.S. border with Mexico. Speaking to MSNBC’s Chris Matthews, Lieu promised that House Democrats would sue to force the president to justify any emergency declaration, and that the case might make its way to the Supreme Court. “If he wants to reopen government, and then declare...

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With the stock market more volatile than ever and the biggest overall drop in 2018 in a decade, concerns in the U.S. are growing over contracting economic growth and the economy slowing down. Across the Atlantic, Europeans are facing similar realities: Breitbart reports that German factory orders dropped, a good indicator of the overall economic conditions in the eurozone. The Brexit situation is far from resolved with it looking more and more likely the United Kingdom will...

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Global temperature data shows that 2018 was one of the warmest years on record in decades. According to The Daily Caller, scientists expect 2018 to rank as the fourth-warmest on record in terms of surface temperature data. The average global temperature for 2018 is expected to be about 1.4 degrees F above the average of 57.5 degrees. While most surface temperature surface temperature datasets will show that we had the fourth warmest year, satellite data of...