Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk The strength of the labor market’s rebound in May was highlighted by today’s release of the Labor Department’s Job Openings and Labor Turnover Survey showing a record number of hires in June and a record jump in job openings. Hard-hat America – construction and manufacturing – added a million jobs in May. While the strong numbers still leave a shortfall of 11 million compared to a year ago, it’s clear the economy’s recovery was stronger than expected in its earliest stages. One of the reasons for the better-than-expected results was likely the Trump administration’s Paycheck Protection Program, an innovative small-business loan program built to encourage employers to keep workers on their payrolls rather than force them into unemployment. The mainstream media’s attention fixated this week not on the success of the program but on the identity of the borrowers and the alleged faults of the program, such as a hedge fund or restaurant chain getting funding. Ridiculously, one headline pointed out that $273 million of loans went to Trump donors – which might sound scandalous until a moment’s calculation reveals that amounts to just 0.05% of the $511 billion lent out under the PPP. Not even a rounding error. As a rule, all these stories ignored that the central point of the program was to keep Americans employed – even if they work for a Trump donor. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Hires Surged to All-Time High and Job Openings Unexpectedly Soared in May]( The reopening of the U.S. economy in May saw a frenetic pace of hiring never before seen in a single month, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday. The number of hires, which includes employees rehired to jobs in businesses shuttered during lockdowns, soared a record 2.44 million to 6.5 million, the highest monthly number ever recorded in data stretching back to the turn of the century. [[Click here for more]( Recommended Link [Americans Now Being Banned for ‘Failure to Comply.’ Are you next?]( [ad_img]( According to MarketWatch, ordinary Americans are being put on “restriction lists,” being banned from using certain businesses. Why is this happening? And what does it mean for you? Widely followed geopolitical expert Nick Giambruno explains: “This is just the beginning of a much larger movement I’ve been watching unfold for years in the United States. Law-abiding Americans will soon have a critical decision to make.” Will you be banned next? [Go here to find out]( IN OTHER STORIES… [Deutsche Bank Fined $150 Million for Ties to Mysterious Financier Sex Offender Jeffrey Epstein]( Financial regulators in New York said Tuesday they have fined Deutsche Bank $150 million for failing to raise red flags on accounts held by tycoon sex offender Jeffrey Epstein. The fine marked the first time a financial institution has been penalized for its dealings with the late financier, said the New York Department of Financial Services (DFS), an agency of the state government. It said in a statement Deutsche Bank had failed to monitor Epstein’s account sufficiently closely, “despite ample information that was publicly available concerning the circumstances surrounding Mr. Epstein’s earlier criminal misconduct.” [ [Click here for more]( [Jeffery Katzenberg’s $2 Billion Streaming Platform Quibi Is a Disaster]( In a recent article, Vulture outlines how the recently launched mobile-only entertainment platform Quibi appears to have failed to grab viewers’ attention despite investing almost $2 billion in the platform. Quibi had a simple concept: reinventing television into ten-minute-or-less chunks of high-quality content designed to be viewed on mobile phones. [[Click here for more]( [Trade Group for Koch, GM Asks Trump for More Foreign Workers]( A trade association that includes General Motors and the Koch Industries is asking President Donald Trump to cancel his popular June 22 decision to narrow and reform the nation’s visa worker programs. “We urge you to lift the restrictions in the June 22 proclamation and to work with Congress to identify ways to ensure these visa programs continue,” said the June 6 letter, signed by Jay Timmons, a former GOP staffer who heads the National Association of Manufacturers. [[Click here for more]( [Sheryl Sandberg: Facebook Will Get ‘Better and Faster’ at Censoring ‘Hate Speech’]( In a recent blog post, Facebook COO Sheryl Sandberg promised that the company would get “better and faster” at censoring what it considers hate speech across its platforms. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [How the “Party” Sponsors Bull Markets in China]( China’s government basically forces market behavior… [[Click here for more]( [Maganomics]( Maganomics Institute 55 NE 5th Ave, Delray Beach, FL 33484 [www.maganomics.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Maganomics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-415-6046, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@maganomics.com). © 2020 Signal to Noise, LLC. All rights reserved. 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