Post New Article

Key inflation measure rises at
fastest pace since 1992

Original Article

Posted By: IowaDad, 6/11/2021 6:41:28 AM

Consumer prices roared higher last month, rising at their fastest pace in decades. Inflation rose 5% in the 12-months ending in May, the Bureau of Labor Statistics reported Thursday. That marked the biggest jump since August 2008. Stripping out food and energy costs, which tend to be more volatile, inflation stood at 3.8% over that 12- month period. It was the biggest increase in so-called core inflation since June 1992. In the month of May alone, prices rose 0.6% on a seasonally adjusted basis, slightly less than in April. Core inflation, excluding food and energy prices, stood at 0.7%, down from 0.9% in April.

Comments:

Joe's personally-created stagflation.

Post Reply

Reply 1 - Posted by: Are You Serious 6/11/2021 6:52:43 AM (No. 812308)
Inflation ? Here we come.....this is going to make us nostalgic for the Carter days
7 people like this.

Reply 2 - Posted by: Krause 6/11/2021 7:08:00 AM (No. 812319)
I believe CNN thinks inflation is a good thing. One of the better things Biden has caused.
6 people like this.

Reply 3 - Posted by: Periwinkel 6/11/2021 7:31:33 AM (No. 812335)
Notice how CNN's time frame includes 7 months of President Trump's last year in the inflation forecast and reporting? They are so dishonest. I will personally cheery when CNN circles the bowl as it is flushed from TV and history. They richly deserve every bad ratings' numbers they are getting right now and in the future.
8 people like this.

Reply 4 - Posted by: RuckusTom 6/11/2021 7:31:41 AM (No. 812336)
Oil (it's not just gasoline - plastics, asphalt, medicines, clothing, packaging), corn (ethanol, feed stock, corn syrup), shipping and housing will have / are having huge trickle down impacts. A regular ranch house (2 - 3k sq. feet) in the Dallas metroplex has doubled from around $160 k to $320 k in the last 15 years. Sellers are putting houses up for sale and getting upwards of 8 offers on the day it hits the market. Thanks Cali transplants.
3 people like this.

Reply 5 - Posted by: Katie Doyle 6/11/2021 8:16:16 AM (No. 812367)
And Biden wants to keep spending. The more he spends, the worse it will get. Democrats must be removed from power in Congress next year, and kicked out of the White House in 2024.
5 people like this.

Reply 6 - Posted by: Rotten in Denmark 6/11/2021 8:31:32 AM (No. 812381)
It’s just the Big Guy and Rats doing what they do. Nothing new here folks, keep movin’.
3 people like this.

Reply 7 - Posted by: Halfvast Conspirator 6/11/2021 11:30:21 AM (No. 812607)
Clearly Trump's fault! D*mn him for getting the vaccines going and these people vaccinated! See what all that goodness caused? Better to stay locked down with a dying economy than this!
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "IowaDad"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by IowaDad"
Key inflation measure rises at
fastest pace since 1992
7 replies
Posted by IowaDad 6/11/2021 6:41:28 AM Post Reply
Consumer prices roared higher last month, rising at their fastest pace in decades. Inflation rose 5% in the 12-months ending in May, the Bureau of Labor Statistics reported Thursday. That marked the biggest jump since August 2008. Stripping out food and energy costs, which tend to be more volatile, inflation stood at 3.8% over that 12- month period. It was the biggest increase in so-called core inflation since June 1992. In the month of May alone, prices rose 0.6% on a seasonally adjusted basis, slightly less than in April. Core inflation, excluding food and energy prices, stood at 0.7%, down from 0.9% in April.
From hospitals to amusement parks, Iranians
grapple with surprise power outages
17 replies
Posted by IowaDad 6/3/2021 7:01:38 AM Post Reply
Lifts and amusement park rides grinding to a halt, businesses, and employees left in the dark, hospital equipment stopping suddenly … People around Iran have been experiencing regular power outages since the beginning of May. While the state energy distributor has tried to schedule these outages to align with energy demands, our Observers tell us that power cuts have been more frequent, and lengthier, than planned. Iranians have been reporting daily, prolonged power cuts since early May, leading to widespread inconveniences and dangerous consequences
Biden suspends oil leases in Alaska’s
Arctic refuge
19 replies
Posted by IowaDad 6/2/2021 9:03:38 AM Post Reply
WASHINGTON — The Biden administration on Tuesday suspended oil and gas leases in Alaska’s Arctic National Wildlife Refuge, reversing a drilling program approved by the Trump administration and reviving a political fight over a remote region that is home to polar bears and other wildlife — and a rich reserve of oil. The order by Interior Secretary Deb Haaland follows a temporary moratorium on oil and gas lease activities imposed by President Joe Biden on his first day in office. CORRECTION*
Cornell Hot Woke Mess – No Clear
Mandate for Critical Race Theory
Mandates Emerges From Faculty
Senate Voting
3 replies
Posted by IowaDad 5/19/2021 11:36:03 AM Post Reply
There is bad news and good news coming out of the Cornell University Faculty Senate vote on Critical Race Theory mandates for faculty and students.First, the bad news. The Faculty Senate nominally voted for some forms of Critical Race Theory mandates on faculty and students. Second, the good news. The margins were surprisingly thin, there was suprisingly substantial opposition, and some of the six resolutions contradicted others, leaving a muddled mess that has to be viewed as a loss for proponents who must have expected overwhelming support.
American Medical Association
issues an anti-racism plan for
itself, the field of medicine
14 replies
Posted by IowaDad 5/12/2021 6:36:27 PM Post Reply
The American Medical Association, the nation’s largest association of and lobby group for doctors, says it’s taking on racial disparities in health care with a plan to dismantle structural racism in its own ranks and across the U.S. medical establishment. Leaders of the AMA, whose headquarters is on North Wabash Avenue in River North, say they’re aiming to “pivot from ambivalence to urgent action” on health inequities. Though the new, 83-page report has been in the works for more than a year, the group says the coronavirus pandemic, high-profile police brutality cases and recent race-based crimes have given the effort a sense of urgency.
University of Iowa College Republicans
Temporarily Suspended For Chalking
Outside Without Face Masks
10 replies
Posted by IowaDad 5/11/2021 7:37:01 AM Post Reply
The University of Iowa’s College Republicans were temporarily suspended for chalking outside on campus without face masks on. On the evening of May 4, the College Republicans congregated outside to “chalk” slogans on the university’s sidewalks. The student organization — following university protocols — wrote slogans such as “Unborn Lives Matter,” “Jesus Loves You,” and “Blue Lives Matter,” among others. The next morning, the university’s Office of Student Accountability emailed College Republican President Makenzie Jones informing her that the club had been placed on an “interim suspension” following reports that club members were not masked outside.
In Biden climate show, watch for
cajoling, conflict, pathos
6 replies
Posted by IowaDad 4/22/2021 7:35:52 AM Post Reply
WASHINGTON — It won’t rival Netflix for drama, but 40 world leaders will try to save the planet from ever-worsening global warming in a two-day climate summit livestreamed for binge viewing. While there will be many faces on screen, this will clearly be President Joe Biden’s show. Biden will convene the summit on Thursday, and what he says will call the shots for what’s to come. He’s trying to show that the United States is again serious about cutting pollution of heat-trapping gases with a new American goal for reducing emissions. Then he’ll try to cajole other nations to ratchet up the pollution-cutting promises
U.S. Vaccinations Reach 200 Million as
Campaign Picks Up Speed
13 replies
Posted by IowaDad 4/17/2021 9:01:07 AM Post Reply
The U.S. has administered 200 million doses of Covid-19 vaccine, a White House official said Friday. Just under 40% of Americans have had at least one dose, and about a quarter have completed the one- and two-dose vaccinations. The news was announced on Twitter by Cyrus Shahpar, the White House Covid-19 Data Director. The vaccine rollout has been accelerating as supply increases, with the U.S. giving shots to about 1% of the population every day
US resumes funding to UN agency
for Palestinian refugees
12 replies
Posted by IowaDad 4/8/2021 6:33:52 AM Post Reply
WASHINGTON — The Biden administration on Wednesday announced a resumption of U.S. assistance to the Palestinians, including to the U.N. agency that deals with Palestinian refugees, nearly all of which had been eliminated under President Donald Trump. The State Department said it would provide a total of $235 million to projects in the West Bank and Gaza as well as to the U.N. Relief and Works Agency, or UNRWA. The administration had previously announced $15 million for the Palestinians to combat the coronavirus pandemic. The resumption in assistance has met opposition in Congress from pro-Israel lawmakers, who say the money may violate U.S. law.
Biden seems ready to extend US
troop presence in Afghanistan
9 replies
Posted by IowaDad 4/8/2021 6:01:39 AM Post Reply
WASHINGTON — Without coming right out and saying it, President Joe Biden seems ready to let lapse a May 1 deadline for completing a withdrawal of U.S. troops from Afghanistan. Orderly withdrawals take time, and Biden is running out of it. Biden has inched so close to the deadline that his indecision amounts almost to a decision to put off, at least for a number of months, a pullout of the remaining 2,500 troops and continue supporting the Afghan military at the risk of a Taliban backlash.
Aiming big, Biden is looking to restore faith in government 53 replies
Posted by IowaDad 4/3/2021 8:20:05 PM Post Reply
WASHINGTON — As President Joe Biden preaches patience but acts with urgency, his vision of the powers of the Oval Office is quickly taking shape, modeled after Democratic predecessors who dramatically expanded the reach of government to confront generational crises. In a recent meeting with historians and in private conversations with advisers, Biden looked to the examples set by Presidents Franklin D. Roosevelt and Lyndon Johnson as he aims to use the levers of executive authority to create opportunities and break down barriers. Unlike Roosevelt and Johnson, who enjoyed formidable Democratic majorities in Congress, Biden has had to operate with a no-margin-for-error edge in fiercely partisan Washington.CORRECTION*
Biden Administration To Meet
Goal Of 100 Million Vaccine Doses
On Friday
26 replies
Posted by IowaDad 3/19/2021 6:37:35 AM Post Reply
President Biden said on Thursday that his administration would reach its initial goal of administering 100 million shots of the COVID-19 vaccines well ahead of his initial 100-day benchmark. Biden said that the goal of 100 million shots would be achieved on Friday, which will be 58 days into his presidency. He said he would announce his next vaccination goal next week.
Most Active Articles (last 48 hours)
Biden’s Attorney General Issues Chilling
Threat: Stop Doing Election Audits or
the Justice Dept. Will Get Involved
60 replies
Posted by Imright 6/11/2021 9:16:21 PM Post Reply
Biden’s Attorney General Merrick Garland is attempting to put a chill in the air over states deciding to audit the 2020 elections.Speaking on Friday regarding what the left misleadingly terms “voting rights” (all eligible adult U.S. citizens already have voting rights), Garland issued a not-so-subtle threat to states that are doing election audits.(Tweet/Video) The Department of Justice’s threat is a red flag to states that the federal government is poised to intervene if states conduct election audits. This should be prompting Republican-led legislatures to begin doing election audits immediately and passing voter integrity laws.
Arizona Lawmaker Responds to AG
Garland: “You Will Not Touch Arizona Ballots
or Machines Unless You Want to Spend
Time in Arizona Prison”
43 replies
Posted by Imright 6/12/2021 1:47:48 AM Post Reply
Earlier on Friday, the Biden Department of Justice warned state lawmakers that if they proceeded to audit fraudulent elections they will be targeted by the Biden administration. The US Constitution specifically gives the power to the states to regulate federal elections as they see fit. You would think the Attorney General of the United States would know this. Following the threats by the Biden regime, former fighter pilot and Arizona state Senator Wendy Rogers warned Merrick Garland to stay in his lane.
Why Did George W. Betray Team GOP? 37 replies
Posted by Magnante 6/12/2021 3:10:28 AM Post Reply
"In 2020 I boldly declared that Trump was the only thing standing between our country, the American people, and socialism. I turned out to be correct," said George P. Bush in announcing his candidacy for Texas attorney general. Nearly 75 million Americans agreed, but his uncle, George W. Bush, was not among them. It is likely that if George W. had said what George P. did, the Democrats could not have "harvested" enough votes to put their man over the top. But he didn't. (snip) After the events of January 6, 2021, Bush joined his new teammates for an end zone dance.
Accent bias is an unchecked
sign of racism in the workplace
33 replies
Posted by NorthernDog 6/11/2021 9:34:11 PM Post Reply
Many non-native English speakers agonize over training their tongues to sound more American or British. But it may be easier—not to mention more considerate—for native English speakers to start welcoming a range of accents instead. (Snip) Hansen believes that the issue is a vestige of colonialism that remains largely unchecked in the workplace.Consider th e numbers. “Here’s what’s really interesting about the English speaking world. There are only 400 million of us were born into the English language. Compare this to the 2 billion voices who have had to learn this language in the classroom.” Hansen says, citing the research
New Jersey school district removes names
of all holidays from school calendar
33 replies
Posted by Ribicon 6/11/2021 4:55:20 PM Post Reply
New Jersey—After an outcry at a raucous public meeting over a previous decision to rename Columbus Day as Indigenous Peoples Day, the board of education at a New Jersey school district decided to strip all holiday names off of the school calendar. So holidays like Thanksgiving will not be on the calendar and will simply be called "day off". Jewish holidays of Rosh Hashanah and Yom Kippur were also stripped off the calendar by the move. "If we don't have anything on the calendar, we don't have to have anyone be hurt feelings or anything like that," board member Dorene Roche said.
Bipartisan group of senators say they've
finally AGREED to $1.2 trillion for Joe
Biden's infrastructure investments - but
Americans face rising gas prices to pay
for them
32 replies
Posted by Imright 6/11/2021 1:35:31 AM Post Reply
A bipartisan group of 10 US senators have said it has finally reached an agreement on Joe Biden's infrastructure spending bill - that would not include any tax increases but would leave Americans facing rising gas prices.The group of five Republicans and five Democrats announced Thursday a deal had been reached after they had huddled in a room for several days trying to reach a common ground.(Snip) The Republicans in the group are Mitt Romney of Utah, Rob Portman of Ohio, Susan Collins of Maine, Bill Cassidy of Louisiana and Lisa Murkowski of Alaska. On the Democrat side are Joe Manchin of West Virginia, Mark Warner of Virginia, Kyrsten Sinema
Kamala Harris Snaps at Latina Univision Anchor,
‘I’m Not Finished. I Said I’m Going to Border’
31 replies
Posted by Dreadnought 6/12/2021 12:59:18 AM Post Reply
Vice President Kamala Harris snapped at a Latina Univision anchor Wednesday, when pressed to answer when she would be visiting the southern border. “I’m not finished,” Harris snapped, bobbed her head, and then chuckled before claiming she will visit the southern border. “I said I’m going to the border.” “If we are going to deal with the problems at the border, we have to deal with the problems that cause people to go to the border,” Harris explained, attempting to excuse her lack of attention to the 21-year border crossing high of more than 180,000 in May: Harris’ press coverage
Mike Pence buys $1.9M Indiana
home packed with amenities
31 replies
Posted by Imright 6/11/2021 6:03:36 AM Post Reply
Former Vice President Mike Pence and his wife Karen have put their Washington DC days behind them and are now living in a $1.93 million Indiana home they purchased last month. Property records reveal that Pence, 62, bought a seven-bedroom, 7½-bathroom house in the upscale location of Carmel — known as the luxury pinnacle in his state of Indiana.And it appears he offered more than the asking price, as it was initially listed for $1.8 million. The home was first listed on April 1 and the former VP placed an offer a week later. The sale closed on May 25.
Actress Emilia Clarke Creates Comic
Superhero with Menstrual Powers:
‘She Can Swing Like Spider-Man from
Her Armpit Hair’
30 replies
Posted by OhioNick 6/11/2021 9:20:23 PM Post Reply
Game of Thrones star Emilia Clarke is debuting a comic book series about a single mother whose superpowers manifest from her menstrual cycle. M.O.M.: Mother of Madness introduces on Maya, a busy single parent whose life is turned upside down by the discovery of the superpowers she gets from her period, according to a report by Variety. “She’s so ashamed of her powers at the start. It’s mental,” Clarke explained of the comic book, which aims to celebrate the single mom, who is typically depicted as someone who is sad, struggling, and seeking a man, Variety reports. “She’s a single mum that’s got to get s__t done,” the actress elaborated.
Barbara Comstock: GOP Will
Pass The Trump ‘Kidney Stone’
Soon – He’s ‘Not Going To
Be The Future Of Anything’
29 replies
Posted by Black Conservative Voice 6/11/2021 6:12:30 AM Post Reply
Former Rep. Barbara Comstock (R-VA) Wednesday on MSNBC’s “Deadline” called former President Donald Trump a “political kidney stone” that the Republican Party should move past “sooner rather than later.” Anchor Nicolle Wallace said, “Barbara, why are there only two? Why it just Liz Cheney and Adam Kinzinger who see this the way you see it?” Comstock said, “Like I said, 35 of the House members wanted an investigation. Seven senators supported it, So I do want to give more credit to all those folks. Here’s the thing, the information is going to come out. As I pointed out when I worked on the Clinton investigations, we got a lot of stonewalling.
Boris to G7: We Must ‘Build Back Better’ in a
‘More Gender-Neutral, More Feminine Way’
28 replies
Posted by Imright 6/12/2021 12:29:51 PM Post Reply
Prime Minister Boris Johnson told fellow world leaders that they should be “building back better” in a “more gender-neutral, perhaps more feminine way” at a G7 roundtable.Fresh from comparing himself and 78-year-old U.S. President Joe Biden to Winston Churchill and Franklin Roosevelt planning the reconstruction of a post-war world in 1941, Prime Minister Johnson reiterated his commitment to the ‘Build Back Better’ agenda at what the BBC described as a “fireside chat” of world leaders in Cornwall in his wokest speech to date.“[W]hat the people of our countries now want us to focus on [is] beating the pandemic together, and discussing how we’ll never have a repeat
Embarrassing Video: Joe Biden Seems
To Get Lost At The G7 Summit In
England, Jill Comes To The Rescue
28 replies
Posted by Black Conservative Voice 6/11/2021 6:15:55 PM Post Reply
President Joe Biden on Friday met with top allies in Cornwall, England, for a G-7 leaders summit, the first such in-person meeting since the coronavirus pandemic began. While the focus of the summit’s agenda is on multilateral initiatives affecting the G-7 countries, all eyes are on the president’s upcoming sitdown with Russian President Vladimir Putin set for next Wednesday. Ahead of a group photo with other G-7 leaders Friday, the president was asked by a reporter what his message was for Putin. “I’ll tell ya after I deliver it,” Biden said, as he walked away to pose with the other leaders.
Post New Article