Powell calls inflation a severe threat,
disputes White House claims of easing
supply-chain woes
Posted By: Ribicon, 1/11/2022 2:53:39 PM
Federal Reserve Chairman Jerome Powell on Tuesday disputed President Biden’s claim that supply-chain problems have eased, telling Congress that persistent bottlenecks are responsible for record-high inflation that could prompt the central bank to raise interest rates more than planned. In a confirmation hearing for a second four-year term, Mr. Powell told the Senate Banking Committee that high inflation has become a “severe threat” to healthy employment levels. He said stalled shipping and delivery networks are still hurting the economy by contributing to the biggest price increases in consumer goods in four decades. “We’re not seeing really a lot of progress,” Mr. Powell testified.
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Ribicon"
Those EVs Joe Biden and Democrats promise will transform the climate? That EV you drive and think you’re saving the planet with? They don’t get their power out of thin air; in fact, they draw heavily on burning coal in huge plants to charge up the lithium batteries. In other words, electric vehicles need fossil fuels. They just use them ahead of time rather than in the moment.(Snip)One intrepid YouTuber didn’t necessarily create his latest video blog to prove that point, but he does have fun with mods on cars and took his Tesla for a spin recently. At least if an 1,800 trip can be considered a spin.
A North Carolina mother read from a graphic novel found in her child’s seventh-grade classroom during an Oct. 12 school board meeting, according to video footage from the event. The mother alleges that the book “This Book Is Gay,” by Juno Dawson is available to seventh-grade students at a middle school in Charlotte Mecklenburg Schools. The book was allegedly found at Collingswood Middle School and allegedly on a recommended reading list at another school in the district. Before reading the graphic novel, the mother insisted children leave the room before she read a chapter titled “The Ins and Outs of Gay Sex.”(Snip)“It’s no wonder that 92 percent
Lisa Webb purposely sits with her back against the front of the Green Line train when she rides to her job at a north metro fast food restaurant from her home on St. Paul's East Side. From her perch, she's seen a woman stabbed near the train and passengers using drugs and smoking. Some she sees are mentally ill and need help. Webb, who must use transit because she doesn't own a car, minds her own business but admits she often feels afraid. "The cops," she said, "are barely around." Stories like Webb's have evolved into a widespread perception in recent years that riding the Green and Blue light rail
The Boeing Company is set to outsource to India hundreds of coveted white-collar American jobs, beginning this year, while making billions in profits from taxpayer-funded contracts with the Defense Department.(Snip)Hundreds more American jobs at Boeing are expected to be outsourced to India next year. The move comes as Boeing has laid off tens of thousands of employees and sent most of its high-paying American tech jobs to India. For years, as The Atlantic noted in 2019, Boeing has been importing $9-an-hour foreign H-1B visa workers to take coveted software engineering jobs at its American plants. The goal was to cut costs
One year after the Fed was rocked by a trading scandal which cost the jobs of three Fed henchmen, including Dallas and Boston Fed presidents, Kaplan and Rosengren, and Fed vice-chair Richard Clarida (who couldn't wait to be sacked for cause or otherwise just to get back to Pimco) after financial disclosures showed they had been trading extensively in individual stocks in 2020 during a period in which the Fed engaged in extraordinary market interventions as a result of the coronavirus pandemic, moments ago Atlanta Fed president Raphael Bostic joined the club of inglorious Fed traders when he revealed he had improperly disclosed financial transactions for the past five
The Adams administration has quietly tapped a City Council member’s wife and another top Bronx Democratic supporter to fill two, high-ranking, $177,000-a-year Parks Department jobs, The Post has learned. The Parks Department in August gave Jessenia Aponte, wife of Councilman Rafael Salamanca (D-Bronx), a huge promotion that comes with a $72,000-plus raise, naming her Bronx borough commissioner. In another under-the-radar move, the agency last month handed Anthony Perez, former executive director of the Bronx Democratic Party, the job of Manhattan borough commissioner.(Snip)
“I just don’t get this hire,” said one city Democratic pol. “What experience does he have running parks–especially the ones
President Biden tried to generate some buzz for Democrats Saturday by making a head-scratching claim about tax credits for coffee machines during a flub-filled speech in Portland, Ore. Two days after new data showed consumer prices continuing to surge, Biden resolutely ignored the topic of inflation in a speech billed as “Remarks on Lowering Costs for American Families”—focusing instead on benefits tucked into his monster spending bill. “The Inflation Reduction Act has to do with your ability to get tax credits for buying—if you need a new coffee machine, a new washer, a new refrigerator,” Biden said.(Snip)Earlier in the speech, Biden appeared to blank
'He was out hunting': Stockton serial
killer suspect arrested, linked to 6 CA
murders, police say 2 replies
killer suspect arrested, linked to 6 CA
murders, police say 2 replies
Stockton, Calif.—Stockton authorities said on Saturday an arrest has been made linked to the six murders in California. Stockton police chief Stanley McFadden, city manager Harry Black and Mayor Kevin Lincoln made the announcement in a joint press conference regarding the homicide series investigation. Wesley Brownlee, 43, was arrested around 2 a.m. Saturday, Chief McFadden said.(Snip)Earlier this month, authorities said the California serial killer seems to be "on a mission" throughout the fatal shooting of six men and the wounding of one woman dating back to 2021. Ballistics tests and video evidence linked the crimes in Stockton and Oakland, about 70 miles (110 kilometers) apart, police said.
Former FBI agent Timothy Thibault refused an interview requested by Republicans on the House Judiciary Committee over the politicization within his agency, saying he cannot speak on ongoing investigations.
GOP lawmakers requested information from Mr. Thibault last month over the FBI’s approach to probing President Biden’s son, Hunter Biden.(Snip)The former agent’s conduct came under scrutiny by Republicans as over a dozen whistleblowers have come forth with allegations of political bias within the FBI. Mr. Thibault was accused of suppressing information that could benefit the investigation into Hunter Biden. Reps. Jim Jordan of Ohio, Mike Johnson of Louisiana and Darrell Issa of California, who originally sent the request,
Trevor Milton, the founder of electric truck maker Nikola, was convicted of fraud after being accused of bragging about nonexistent technology in an attempt to inflate his company’s stock price. “Trevor Milton is a con man,” Assistant U.S. Attorney Jordan Estes said. “He lied to investors to get their money, plain and simple.”
On Friday, a federal jury in U.S. District Court in Manhattan found Milton guilty of defrauding investors by lying about the supposed technical achievements of Nikola, according to a report by the New York Times.(Snip)Milton, who owned 25 percent of Nikola shares, then went on a luxurious shopping spree after the stock market made him wealthy.
The Boston Children’s Hospital claims that puberty-blocking drugs are “completely reversible” despite the director of their gender clinic admitting they can cause infertility in a video obtained by Breitbart News. “Children and adolescents who are in puberty may choose to pause puberty using puberty blockers,” the Boston Children’s Hospital says on its website. It goes on to incorrectly claim that “These are temporary medicines that are completely reversible; they do not cause any permanent changes.” But Breitbart News recently obtained and released footage of Dr. Jeremi Carswell, the Director of the Boston Children’s Hospital Gender Multispeciality Service, admitting on camera that puberty-blocking drugs can sterilize children.
Lillington, N.C.—A Harnett County man who showed up for jury duty on Monday ended up behind bars after refusing to wear a mask in the courtroom. Judge Charles Gilchrist booked Gregory Hahn, 47, without bond after Hahn told the judge he wouldn’t wear a mask. Hahn was jailed for contempt of court. “There were signs saying no masks were required,” Hahn told WRAL News. “We all walked in.”(Snip)“You can go in any district courtroom without a mask, you can come into superior clerk court without a mask and the [district attorney’s] office without a mask, but with Judge Gilchrist he has a mandate that you must wear
Most Active Articles (last 48 hours)
America's first black president took aim at black Republican senator Tim Scott for saying his party was 'doing a fabulous job of making progress.'
Scott launched his run for president last month on an optimistic platform and has put his own story of struggle at the center of his campaign, with a philosophy that suggests everyone can succeed if they want to.
But former President Barack Obama said in a podcast released on Thursday that it was time for the Republican Party to get real about how systemic racism shaped the nation's history.
Karl Rove criticized former President Donald Trump this week following the arraignment over his alleged mishandling of classified documents, warning that “America will pay a high price for the former president’s reckless petulance.”
Rove, a former top aide to former President George W. Bush, wrote in an opinion piece published in The Wall Street Journal on Wednesday that “America has been plunged into an unprecedented crisis by the indictment of Donald Trump.”
“The blame for this calamity rests solely on Mr. Trump and his childish impulse to keep mementos from his time in the Oval Office, no matter what the law says,” Rove said.
A Marquette University professor said the American flag makes him “anxious” in a National Public Radio interview Wednesday.
Philosophy Professor Grant Silva told an interviewer with WUWM, an NPR affiliate station in Milwaukee, that he feels “anxious” when he sees an American flag. In the interview, Silva described how “excessive imagery” of American flags is borderline “nationalism.”
“I also get a little bit anxious around the excessive imagery of the flag in part because in my experience, patriotism quickly slips into nationalism,” Silva said. “Especially the simplistic version of patriotism, the flag-waving, my country love it or leave it kind of attitude. That is just a hop, skip and a jump away
It’s Thursday – another day that ends in “day.” You know what that means – more likely than not, Joe Biden is going grope a woman or young child, boy or girl.
Tonight actress Eva Longoria was Joe’s victim.
Joe couldn’t help himself. He grabbed for Eva after her speech.Biden also told the crowd he has known Eva Longoria since he as 40 and she was 17.
What a creep. Here is the video.
Eva Longoria is NOT having it. (Video)
For the first time in five years, far-left MSNBC beat both Fox News and CNN in total primetime viewers and 25-54-year-old viewers.
MSNBC, for the first time since 2018, beat Fox News and CNN in primetime among adults 25-54 and total viewers. It was the most-watched basic cable network in primetime this past week, averaging 1.52 million total viewers — its largest average primetime audience since the 2022 midterm elections. MSNBC also averaged 172,000 adults 25-54 in primetime, more than its cable news rivals and No. 8 on all of basic cable.
…
Oversight Chair James Comer now claims he will soon obtain bank records showing the Biden family accepted upwards of $20 to $30 million from foreign nationals.
'We have more bank records coming in going to exceed $10 million, this week. And I think we will get between $20 and 30 million,' Comer, R-Ky., told Fox Business' Maria Bartiromo.
Earlier this week Sen. Chuck Grassley said the Burisma executive who allegedly paid Joe Biden a bribe has kept 17 audio recordings of phone calls as an 'insurance policy.'
Former President Barack Obama is back to throwing criticism towards the Republican Party, recently claiming the GOP has adopted a "big business" attitude.
During a Thursday appearance on David Axelrod's Axe Files podcast, Obama accused the GOP of fueling "anger" and "resentment" from its supporters, claiming the party is struggling because they have embraced an "elitist economic agenda." "We've developed, what we've seen is a Republican Party that has embraced a cultural populism, the kind of populism that we talked about earlier: resentment, anger, you know, exploiting people's sense that things are rigged," Obama said.
Joe Biden Announces Ambitious Plan to
Build a Railroad ‘All the Way Across
the Indian Ocean’ 24 replies
Build a Railroad ‘All the Way Across
the Indian Ocean’ 24 replies
Wednesday night, Joe Biden announced a bizarre and implausible plan to build a railroad that stretches across the entire Indian Ocean.
In remarks to the League of Conservation Voters during their Annual Capital Dinner, Biden said: “You know, soon—soon, Africa will have 1 billion people. China has their Belt and Road Initiative. It turned out to be their debt and destruction initiative. No, I’m serious. Not a joke. Well, we’re going to win, and we’re going to help.”
He added: “We have plans to build a railroad from the Pacific all the way across the Indian Ocean.
Scientists have stunned the world by revealing the creation of synthetic human embryos in a lab without eggs or sperm.
The breakthrough, by Cambridge University and California Institute of Technology experts, could soon provide insights into miscarriages and genetic disorders.
However, synthetic embryos are not covered by laws in the UK or in most countries around the world – and come with serious ethical and legal issues. Scientists who were not involved in the achievement have now shared their concerns about the technology, with one calling it 'chilling'.
Conservative radio host Clay Travis called former Vice President Mike Pence "pretty disrespectful" to his old boss in a tense interview Wednesday about whether the Republican presidential candidate would pardon Donald Trump if elected president.
Travis, who along with co-host Buck Sexton has said the federal prosecution of Trump for mishandling classified documents is politicized, challenged Pence to directly answer if he would pardon Trump as a matter of principle.
"These are serious charges," Pence said. "I can't defend what's been alleged, but the president does deserve to make his defense."
The Ron DeSantis campaign on Thursday slammed a Space Force lieutenant general who admitted that she discriminated against qualified service members for military assignments if she believed they or their family would not be “safe” being stationed in a state with “anti-LGBTQ” laws, such as in Florida.
The campaign tweeted: SHOCKING: Space Force Lt. Gen. DeAnna Burt admits the U.S. military discriminates against Floridians when considering promotions — leading to “less qualified” officers — because @RonDeSantis banned trans surgeries for KIDS. DeSantis will end this woke insanity on Day One. Space Force Lt. Gen. DeAnna Burt last week, during a Pentagon Pride Month ceremony, blasted “anti-LGBTQ+” legislation as “dangerous”
In case you had any lingering doubts that forcibly shutting down the entire economy over a virus and replacing economic activity with government payments does not represent a smart strategy, the Associated Press has more evidence to bolster the case.
Its latest investigation, titled “The Great Grift,” highlighted the staggering scope of fraud taxpayers face because of Covid-era programs. On the heels of earlier AP investigations that showed significant spending on projects that had little to do with the coronavirus, the story provides one major explanation — albeit an infuriating one — for our nearly $32 trillion-and-counting federal debt.
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Gaze upon me as I adjust my Rolex. Did you not notice, it's a Rolex. LOL.