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California economy
“California’s fourth-ranked economy is also tops in unemployment, poverty and deficits.” — CAL MATTERS
Personal bankruptcy
Chapter 7 bankruptcy filings by Americans rose by 16 percent year over year to hit 30,961 filings in April, the American Bankruptcy Institute (ABI) said in a May 2 statement.
Job cuts
Berkshire Hathaway said Geico has cut tens of thousands of jobs to help revive its underperforming business. Vice Chair Ajit Jain said the insurer’s workforce dropped from about 50,000 to 20,000, though he didn’t give a timeframe, according to Bloomberg.
Rich People
“The top 10% of earners account for 49.7% of all spending.” – WSJ
DOGE report on Federal spending
Any corrections or comments about these numbers? pic.twitter.com/9IX6YwGKp0 — Elon Musk (@elonmusk) February 8, 2025
Immigration as a business?
“When the servants of the globalist elite placed at the top of the institutions – both civil and religious – talk about welcoming illegal immigrants, they do not tell you that they make huge profits from the management of immigrants.”…