#federalsavings

Why did WF pay?

If you paid even a penny in federal income tax last year, you paid more than:

Tesla
Southwest
Disney
Live Nation
HP
United
PayPal
CVS Health
Palantir
Citigroup
PG&E
3M

New employyes get how many pto days and sick days???

And what federal holidays do you get off?

Much appreciated!

Good luck with interest rates for the next 3 years. Be like Powell.

https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm

January 11, 2026
Statement by Federal Reserve Chair Jerome H. Powell

Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury
subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.

The threat of criminal charges is a consequence of the Federal
Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.

This is about whether the Fed will be able to continue to set interest rates based on
evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.

The pandemic lead companies to hire more employees to take advantage of Federal subsidies to keep employees working to prevent an economic crisis. When the pandemic employment subsidies ended the corporate wealth-fare stopped, companies started shedding employees hired and promoted to pad employment numbers and salaries to get more federal funding wealth-fare. That is why companies offered severances or laid off newly promoted non exempt supervisors and new hires or under performers because the profitable federal employment subsidies dried up.

Here is the conversation

Yes how many jobs will be lost?

Hundreds of jobs at GE Vernova in Schenectady and Niskayuna are at risk due to the cancellation of 14 federally funded energy projects-but the exact number of job losses has not yet been confirmed. The impact is expected to be significant, especially in research and manufacturing roles tied to Department of Energy contracts.

What We Know So Far
• 223 DOE projects canceled nationwide, totaling $7.56 billion in cuts
• 42 projects canceled in New York, with 14 linked to GE Vernova
• GE Vernova employs hundreds of workers in the Capital Region, primarily in Schenectady (manufacturing) and Niskayuna (research) 1.
• One canceled project alone was a $1.7 million wind turbine gear program, aimed at improving turbine reliability

Estimating Job Losses
While GE Vernova hasn't released a headcount, we can model the impact:
• Typical DOE-funded energy research projects support 10-50 jols each, depending on scope.
• If we assume an average of 25 jobs per project, then:
• 14 canceled projects × 25 jobs = ~350 jobs at risk.
This estimate aligns with reports that GE
Vernova employs "hundreds" in the region, and that these projects were central to their renewable energy and advanced manufacturing initiatives.

Billions so why do we get garbage contracts, health ins, no pension? Remain competitive? With whom chat GPT didn’t mention any other competitors.