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DNC-Funded Business Now Lobbies to Freeze Unions Out of Farming

DNC-Funded Business Now Lobbies to Freeze Unions Out of Farming

pgnewser May 14, 2024

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Excerpt from fortune.com

$6bn California agricultural company founded by Biden and Newsom donors sues state to stop a law meant to help farmworkers unionize

One of California’s most influential agricultural companies filed a lawsuit Monday against the state to stop a contentious law to help farmworkers unionize that Democratic Gov. Gavin Newsom reluctantly signed two years ago after pressure from the White House.

The action by the Wonderful Co. comes as it battles the United Farm Workers over a newly formed UFW local of 640 workers at one of its businesses. The $6 billion company founded by Stewart and Lynda Resnick, who have donated to President Joe Biden and Newsom, makes a host of products recognizable to most grocery store shoppers, including Halos mandarin oranges, Wonderful Pistachios, POM Wonderful pomegranate juice and Fiji Water brands.

 

More Banks on the Verge of Failure as Bidenomics Buffets Nation– lidblog.com

More Banks on the Verge of Failure as Bidenomics Buffets Nation– lidblog.com

pgnewser May 8, 2024

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Excerpt from lidblog.com

 

The massive failures of Bidenomics is pushing more banks to the verge of insolvency, a report finds.

Inflation, sky-high interest rates, and crashing economic growth is sending many smaller banks past the breaking point.

Worries of a possible new wave of bank failures comes on the heels of bank regulators seizing Republic First Bancorp to set up its sale to Fulton Bank.

Per Just the News::

The bank reportedly had a total of $6 billion in total assets and $4 billion in total deposits, according to Yahoo Finance. The Federal Deposit Insurance Corp estimated the cost of the failure to its fund would be about $667 million.

Republic Bank has 32 branches in New Jersey, Pennsylvania and New York that are reopening as branches of Fulton Bank by this Monday.

Just the News added, “According to recent reports, hundreds of banks face the potential of failing just like Republic First Bancorp.”

Consulting firm Klaros Group analyzed roughly 4,000 U.S. banks and found that the banks face a threat of losses due to “secular changes in social patterns accelerated by the COVID pandemic (such as work-from-home, which has materially impacted demand for office space) and to the impacts of higher interest rates and related inflation.”