Consumer Prices See Largest Yearly Jump
Since 2008 as Evidence of Inflation Mounts
Posted By: Dreadnought, 5/12/2021 11:29:11 AM
The Consumer Price Index (CPI), which tracks the cost of a variety of consumer goods as well as housing and energy prices, has risen 4.2 percent from a year ago, notably higher than the estimated 3.6 percent. It is the largest yearly increase since September 2008. Even controlling for food and energy prices, the CPI was up three percent, higher than the estimated 2.3 percent. The 0.9 percent CPI increase from March, again controlling for food and energy prices, is the highest since April 1982. This data comports with Americans’ everyday experiences. On Tuesday, the average price of a gallon of gas rose to $2.99, the highest figure since November 2014.
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American credit card balances saw a 'remarkable' drop in the first quarter of 2021, according to newly published New York Fed data, while student loan debt kept rising despite a payment and interest pause.
"One of the most confounding changes in debt balances is that of credit cards," the NY Fed said in a press release. "In the first quarter of 2021, balances shrunk by $49 billion, the second largest decline in the history of the time series, which begins in 1999. ... the decline in the first quarter of 2021 is remarkable
IDF air and ground troops attacked in the Gaza Strip Thursday night, the IDF Spokesperson's Unit reported. The Israeli military has struck over 700 Hamas targets since Operation Guardians of the Walls began on Monday, including senior commanders and attack drones launched by the terror group.
In the four days since Operation Guardians of the Walls began, an operation which is 95% airstrikes, over 700 Hamas targets have been hit by the Israeli Air Force and 60 operatives including senior commanders, have been killed.
The opening strikes by the IAF included key Hamas infrastructure which according to the military will affect the terror group for years to come.
Disney posted a bigger-than-expected fall in quarterly revenue on Thursday as streaming subscriber additions slowed from movie theaters gradually reopening and as operations at its theme parks remain restricted.
Overall revenue fell 13% to $15.61 billion in the second quarter ended April 3, missing analysts' estimate of $15.87 billion, according to IBES data from Refinitiv.
The company ended its second quarter with 103.6 million paid subscribers, missing analysts' estimates of 109 million.
WASHINGTON — In a move to send the country back toward pre-pandemic life, the Centers for Disease Control and Prevention on Thursday eased indoor mask-wearing guidance for fully vaccinated people, allowing them to safely stop wearing masks inside in most places.
The new guidance still calls for wearing masks in crowded indoor settings like buses, planes, hospitals, prisons and homeless shelters but will help clear the way for reopening workplaces, schools, and other venues — even removing the need for masks or social distancing for those who are fully vaccinated.
One of the reasons that some on the left have been so intent on calling President Donald Trump a racist and his supporters “white supremacists” is because they see how untrue that is, how Trump broadened the base with policies that appeal to all and they’ve been trying to throw a wrench into that.
Now, a new study is showing just how true that is and it’s going to give folks on the left fits.
No, Trump supporters are not just “angry white men” or whatever stereotype liberals like to throw out there.
According to newly released data from Catalist, the majority
Alcohol to go is now law in Texas after Gov. Greg Abbott on Wednesday signed a bill to permanently allow Texans to include alcohol in take-out orders from restaurants, achieving a shared goal of Abbott and restaurateurs.
House Bill 1024 allows beer, wine and mixed drinks to be included in pickup and delivery food orders, securing a revenue stream made available to restaurants during the pandemic when their dining areas were forced to close. Because the measure was approved by more than two-thirds of the House and Senate, it went into effect as soon as Abbott signed it.
Colonial Pipeline Co. paid the group that hacked its pipeline a nearly $5 million ransom in untraceable cryptocurrency within hours of the cyberattack, two people familiar with the payment told Bloomberg on Thursday.
The report contradicts Colonial’s public assertion that it did not pay the hacking group Darkside ransom following the cyberattack. A third person familiar with the ransom said the U.S. government is aware Colonial paid Darkside.
Colonial declined Bloomberg‘s request for comment.
The attack forced Colonial to temporarily shut down much of its services, causing gas shortages and rising prices across the east coast.
White House: Joe Biden Focused on Making
Life Better for Migrants, Not Visiting the Border 7 replies
Life Better for Migrants, Not Visiting the Border 7 replies
White House press secretary Jen Psaki said Wednesday that President Joe Biden was focused on making life better for unattended migrant minors on the border, not traveling to the southern border to address the crisis.
“Our focus remains on solutions,” she said at the White House daily press briefing.
She dismissed calls for President Biden to visit the southern border to address the crisis, arguing it would not help the children found unattended on the border.
“If going to the border changed that or helped that, that would be one thing, but our focus is on implementing pieces so we can make their lives better,” she said.
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. "We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk said on Twitter. He added that cryptocurrency is a "good idea on many levels" but its promise cannot come at a "great cost to the environment."
Tesla, he added, won't be selling any of the Bitcoin it owns.
CNN host Don Lemon rarely utters a widely held opinion, but he spoke for the majority of Americans on Monday night when he pleaded with his mother to “believe in the science” of vaccinations — and please come visit him.
He also asked any jittery liberals who had been fully vaccinated but still feel uneasy about mingling in society without a mask to place as much faith in “the science and the scientists now, on this side of the pandemic,” as they did at the outset when they began socially distancing. Lemon revealed that he does not feel that he has to wear a mask
TALLAHASSEE — Gov. Ron DeSantis remains on solid ground as he heads into his reelection campaign as Democrats ramp up their efforts to challenge him, a fresh new round of polling in Florida shows.
Three polls all have DeSantis with favorable job approval ratings more than a year and a half ahead of Election Day and highlight the difficulty that Democrats will have with the incumbent, who is raking in millions for his reelection effort.
Still, at least one poll paid by Democratic state Sen. Annette Taddeo’s political committee, shared exclusively with POLITICO, shows that Democrats may have some openings to go after
What goes around comes around, I suppose. After four years of the media fluffing letters from “former officials” and the like insisting that Donald Trump should be impeached, be charged with crimes, and not eat chocolate ice cream, the tables have turned just a bit.
A group of 124 retired generals and admirals have penned a letter questioning Joe Biden’s mental fitness and urging the government to take election integrity seriously. You’ll have to excuse The Hill’s framing in the excerpt below. They aren’t nearly as accepting of this act of “civic duty” as they were when the target was Trump.
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More than 150 Republicans have signed on to a letter calling for people to 'reimagine a party dedicated to our founding ideals or else hasten the creation of such an alternative.' The letter, organized by former 'Anonymous' op-ed author Miles Taylor and former CIA officer Evan McMullin, mentions the ouster Wednesday of former GOP conference chair Rep. Liz Cheney. It raises the possibility of a complete break with the GOP and the creation of a third party in the face of what the signers term 'despotism.'
The removal of Liz Cheney from her House leadership position isn’t going over well with the Never Trump faction of the GOP. They have obviously failed miserably in their effort to reassert establishment control over the party. With the vote on the embattled Wyoming congresswoman’s fate expected to take place on Wednesday, over 100 “Republicans” have prepared a letter threatening to start their own political party if the GOP does “not make certain changes.”The existence of the group was reported by the New York Times, which also published the infamous op-ed that was written by a Department Of Homeland Security official
New Rockefeller Center sculpture to honor
African culture draws outrage: ‘This needs
to be removed’ 45 replies
African culture draws outrage: ‘This needs
to be removed’ 45 replies
From May 5th to June 29th, New York’s Rockefeller Center will be showcasing a new piece of artwork — a sculpture, to be exact — that reportedly combines a European-styled body with a face that resembles a traditional African mask.Known as the Oracle sculpture, it was made by artist Sanford Biggers and commissioned by the Art Production Fund. Speaking with Artnet, Biggers said that one of his goals was to add some African culture to the mix.“Biggers sees his work as as a companion of sorts to three of Rockefeller Center’s most prominent artworks: the Zeus relief sculpture at the entrance of 30 Rock,
It was said during our Mideast military adventures, and has been considered a truism of war, that you can’t really win a conflict without “boots on the ground.” For it’s difficult to completely subdue a people from afar. It may not be too different with battles for civilization. (snip) If you heard about a Third World country in which the leadership was purging the military of political opponents, would you assume it was just an exercise in ideological nepotism? (snip) So you need a purge. You do this by conjuring up a boogeyman — in our case “white supremacy”
House Republicans planted themselves firmly in the camp of Donald Trump on Wednesday when they removed Rep. Liz Cheney from their leadership team after her criticism of the former president.
In a closed-door meeting in the basement of the Capitol, Republicans voted to oust Cheney after she repeatedly called out Trump's false claims he won the election and criticized his role in the January 6 insurrection.
After a voice vote, Cheney said: ‘I will do everything I can to ensure that the former president never again, is anywhere near the Oval Office.’ Cheney had addressed Republicans in the room before the vote.
Here is the 25-Foot Statue They Just Unveiled
in NYC Rockefeller Center to Honor
African Culture… 42 replies
in NYC Rockefeller Center to Honor
African Culture… 42 replies
The new 25 foot-tall statue unveiled in New York City’s Rockefeller Center to honor “African culture” was unveiled this week. (Tweets/Video) Eurweb reported on the project. This spring, multiple disciplinary artist Sanford Biggers will transform Rockefeller Center with several public art exhibitions, including the highly anticipated monumental Oracle sculpture. Presented by ART PRODUCTION FUND and ROCKEFELLER CENTER, in partnership with MARIANNE BOESKY GALLERY, and several years in the making, Biggers will be the first artist invited by Rockefeller Center for a multimedia survey exhibition campus-wide from May 5 to June 29, 2021.
A group of more than 120 retired military officers have written President Joe Biden to tell him his election was less than legitimate – while questioning his mental acuity.
The letter echoes former President Donald Trump's claims of widespread election fraud – which have not been borne out in the courts – and comes on a day when Rep. Liz Cheney ripped Trump for his claim that the election was 'stolen.' 'Without fair and honest elections that accurately reflect the 'will of the people' our Constitutional Republic is lost,' the letter from retired officers says.
Colonial Pipeline Co. paid the group that hacked its pipeline a nearly $5 million ransom in untraceable cryptocurrency within hours of the cyberattack, two people familiar with the payment told Bloomberg on Thursday.
The report contradicts Colonial’s public assertion that it did not pay the hacking group Darkside ransom following the cyberattack. A third person familiar with the ransom said the U.S. government is aware Colonial paid Darkside.
Colonial declined Bloomberg‘s request for comment.
The attack forced Colonial to temporarily shut down much of its services, causing gas shortages and rising prices across the east coast.
You have to love liberal media. President Donald Trump is no longer in office, but he’s still living rent free in their heads. They’re still completely obsessed with him and basically can’t live without him. They always need him as a focal point.
The New York Times ran this “gotcha” story today, as though it were something truly significant, “Over 100 Republicans, including former officials, threaten to split from G.O.P.”
What is the issue, the New York Times says? The fact that the GOP still is supportive of Trump.
“This is a first step,” said Miles Taylor,
On the day after House Republicans voted overwhelmingly to remove her from a leadership position, Liz Cheney made it clear that she isn’t going anywhere and could mount a 2024 White House run.The embittered Wyoming congresswoman (who is the toast of the town in the D.C. swamp) embarked on a string of media appearances to spew venom against former President Donald J. Trump and his supporters.Cheney appeared on NBC flagship the TODAY show where she dug in as the last line of defense by the Bush-McCain-Romney establishment. The same warmongers that have failed to regain control of the GOP from Trump,
Actress Jennifer Garner greeted Jill Biden when the first lady landed in West Virginia on Thursday to visit a vaccination clinic for students. Biden, in accordance with new CDC guidelines, exited the plane without a face mask. She wore a white dress with a soft pink blazer over it. And she wore a pink face mask when she departed Washington D.C. earlier in the day. Jennifer Garner, wearing a black dress, had a face mask on but took hers off when she saw the situation.
'We feel naked,' the first lady said about not wearing a mask. Then she paused. 'I didn't mean it that way!'
FOX News anchor Bret Baier, never a huge Trump fan, joined Varney and Co. on Wednesday morning following the House GOP vote to remove Liz Cheney from leadership.Cheney was ousted from leadership in a voice vote. She then ran to the media to attack and smear President Trump and carry the Democrat message to America.What a sick, sick woman.Bret Baier said 100 GOP lawmakers may form a new political party. He said this with a straight face! Hah!