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Daily Red Alert - 10/5/22

Relevant Press

Businesses added 208,000 jobs in September, better than expected, ADP reports - CNBC

“Those gains came even as goods-producing industries reported a loss of 29,000 positions, with manufacturing down 13,000 and natural resources and mining losing 16,000.”

Survey: 91 Percent of American CEOs Believe Recession Looming - Breitbart

“‘Ninety-one percent of CEOs surveyed believe there will be a recession in the next 12 months. Only one-third of those CEOs believe it will be a short and mild recession. Some CEOs are considering workforce reductions, roughly half of the CEOs are thinking about whether they need to reduce workforce,’ KPMG CEO Paul Knopp said during an interview with Fox Business.”

Twitter’s stock spikes after Elon Musk offers to buy firm for original $44B price - New York Post

Wedbush analyst Daniel Ives said Musk’s decision to reverse course and proceed with the deal ‘is a clear sign’ that the billionaire recognized he was “highly unlikely” to win his legal battle with Twitter’s board.”

U.S. starts fiscal year with record $31 trillion in debt, approaching debt ceiling - CBS News

“Nearing the statutory ceiling of roughly $31.4 trillion — an artificial cap Congress placed on the U.S. government's ability to borrow — the debt numbers are hitting an already tenuous economy facing the highest inflation in 40 years, rising interest rates and a strong U.S. dollar.”

Five IRS employees stole COVID relief funds to buy Gucci, trips to Las Vegas, Justice Department says - Fox Business

“The defendants allegedly submitted false loan applications that collectively sought more than $1 million. They used the money to purchase luxury cars and for travel, including trips to Las Vegas.”

Small Businesses Getting Squeezed Out in Push for Warehouse Space - Wall Street Journal

“A warehouse crush across the U.S. is squeezing out smaller companies as big retailers fill industrial storage sites with their growing stockpiles of inventory.”

RedBalloon in the News

It's time for a Free Workers' Bill of Rights - American Thinker

“Along with being a board for jobs anchored in freedom, Red Balloon is leading the charge to restore workers' rights to free thought and speech. The company has published a first-of-its-kind Employee Bill of Rights.”

The Daily Red Alert is a collection of stories that relate to the issues of freedom in the workplace, business, and the US economy.

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