Stock investors’ nerves tested by inflation,
omicron, Russia
Posted By: Imright, 1/25/2022 7:41:48 PM
NEW YORK— The stock market is losing crucial support from the Federal Reserve. Omicron is causing havoc at businesses around the world. And Russia just might be preparing to invade Ukraine, creating more uncertainty and raising the prospect of even higher oil prices. No wonder investors are freaking out — and selling stocks. The S&P 500 has dropped nearly 10% from its record set on the first trading day of the year, the biggest setback for Wall Street since its collapse when the pandemic first struck. And the market’s moves have been fierce amid the mounting uncertainty. The S&P 500 had four straight drops of 1% through Friday, the longest
people like this.
person likes this.
person likes this.
people like this.
Below, you will find ...
Most Recent Articles posted by "Imright"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
Imright"
WASHINGTON—The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation.Chair Jerome Powell said at a news conference that inflation has gotten “slightly worse” since the Fed last met in December. He said raising the Fed’s benchmark rate, which has been pegged at zero since March 2020, will help prevent high prices from becoming entrenched.Seeking to calm fears that higher rates might hurt the economy, Powell said the central bank can manage the process in a way that prolongs growth and keeps unemployment low.
NBC News ran an op-ed by abortion advocates who spuriously attempted to link the pro-life movement and the March for Life to white nationalism, claiming they are willing to overlook racist agendas in order to form a united front against abortion.The piece ran on Monday and was authored by pro-choice advocates Renee Bracey Sherman and Lizz Winstead who pointed to the Patriot Front crashing the March for Life event last week as proof that the movement supports white supremacists. They called it a “dog whistle … coming from inside the house” and alleged that the incident proves pro-life advocates are “ignoring racism.”
On Wednesday’s broadcast of the Fox News Channel’s “Jesse Watters Primetime,” Breitbart News senior contributor Peter Schweizer and author of Red-Handed: How American Elites Get Rich Helping China Win, said House Speaker Rep. Nancy Pelosi (D-CA) went soft from her previous anti-Chinese Communist Party position after “her husband and son started seeking deals in Beijing.”He added that while her family “has done a lot of business in China since the COVID outbreak,” she had refused to allow congressional hearings
Brazen thieves have been hitting the same Upper East Side Rite Aid for months, forcing it to close - and now, numerous small businesses in the upscale Manhattan neighborhood, where residents say they are on high alert because of rising crime, are worried they will soon suffer the same fate after a string of thefts.Shelves are already bare in the Rite Aid store, located at the corner of 80th Street and 2nd Avenue because it will shut its doors for good on February 15, the manager told DailyMail.com, a day after a thief was caught on video boldly sauntering out with shopping bags full of stolen goods. The brazen incident
Palin Shames The New York Times In Court
5 replies
In 1964, the Supreme Court issued a “landmark” decision in New York Times vs. Sullivan, which established the very high bar of requiring the smeared plaintiff to prove there was “actual malice” on the part of the media outlet. Now The Times is exploiting that standard again in the feisty First Amendment test brought by Sarah Palin. There is no doubt that the liberal media are nervous about this “prestigious” newspaper being forced into court to defend their reckless character assassinations of conservatives.Palin first sued The Times in 2017
Donald Trump and the Future of MAGA
5 replies
In 2016, Donald Trump pulled off an extraordinary political feat only he could have achieved. As the army of highly compensated professional political consultants in Washington, D.C., watched aghast, Trump single-handedly wrested the Republican nomination from the grip of a GOP establishment that had long enjoyed complete control of national and state party hierarchies, fundraising structures, and think tanks that determine policy priorities. As Trump’s rogue campaign trounced establishment candidates in state after state in the GOP primaries—despite the unified opposition of Conservatism, Inc.—he not only defeated that establishment’s lockstep institutional opposition, he defeated their agenda
Former Clinton advisor and Democrat pollster Mark Penn joined ‘Americas Newsroom’ to discuss Biden's continuing drop in polls as COVID-19, inflation, and crime is on the rise. Penn said Biden is facing a "double-barreled" problem.MARK PENN: The president has the double-barreled problem of people are upset that the virus is continuing. But I think even more importantly, now that inflation has raged and therefore so few people think the economy is going in the right direction. As you know, when things are going badly, the ins get voted out. And that can be a very powerful force here, and I rarely have seen numbers this bad in recent times.
They must be bored again at the Department of Homeland Security because they are back to issuing Armageddon-like warnings about “domestic violent extremists” about to do all sorts of really, really bad stuff, you know, like burn the Reichstag or destroy a radio tower at Gleiwitz. Domestic violent extremists and racially motivated extremists have been developing plans to attack the U.S. electric sector, according to an intelligence bulletin from the Department of Homeland Security that was issued this week and obtained by The Daily Beast. “DVEs have developed credible, specific plans to attack electricity infrastructure since at least 2020, identifying the electric grid as a particularly attractive target
The latest from the Durham investigation which should have been completed ages ago is not good news. According to reports, Durham’s team only this month found out about key evidence that should have been analyzed months ago.As most Americans know, corrupt Obama officials during the 2016 Election used a false document (the Steele Dossier) as a basis for spying on the Trump campaign and Administration. This dossier was a lie created by the Hillary gang and the DOJ and FBI used it anyways in a coup attempt to have President Trump removed from office.
According to a recent Harvard-Harris poll, Americans think Trump did a better job as president than Brandon is doing.The poll, which recorded the responses of 1,815 registered voters, first asked those voters “In general, do you think the country is on the right track or is it off on the wrong track?”The answers tracked with what many have been reporting recently. 33% of respondents said they thought the country is on the right track, 59% said the nation is on the wrong track, and the remaining 8% were unsure.The next question was similar, but focused on the economy rather than the country as a whole,
The United States and several of its European allies are in talks to deploy thousands of forces to NATO countries near Ukraine ahead of a potential Russian invasion of the former Soviet state, a new report claimed on Wednesday.The deployment would be a show of force for the Western alliance against an increasingly aggressive Vladimir Putin, sources told CNN.Each country would reportedly send 1,000 additional troops. Romania, Bulgaria and Hungary are among the countries expected to receive them.The report claimed that not all NATO countries are on board with the potential plan, which the US and United Kingdom have signed onto.
For 50 years, Joe Biden cultivated an illusory image of being a kindly — if dimwitted — uncle: someone whose terrible politics and inappropriate malapropisms were tolerated because he said he meant well. What a farce. Uncle Joe — now firmly in grandfather territory — was never that guy. Long a fantasist who recounts fake stories years after they’ve been debunked, Biden was always a hit-and-run liar. He was also always a hack and a jerk, with an anger that betrays the arrogance of a corrupt elite. This week, he called Fox News reporter Peter Doocy
Most Active Articles (last 48 hours)
White House press secretary Jen Psaki said Wednesday that President Biden stands by his commitment to nominate a Black woman to serve on the Supreme Court. Mr. Biden is expected to formally announce Supreme Court Justice Stephen G. Breyer’s retirement and will have his first opportunity to install a new justice since taking office.
He pledged during the 2020 campaign that he would nominate the first Black woman to serve in the high court if a seat opened during his tenure. “The president has stated and reiterated his commitment to nominating a Black woman to the Supreme Court, and certainly stands by that for today,” Ms. Psaki told reporters.
Washington—Republicans’ faith in science is falling as Democrats rely on it even more, with a trust gap in science and medicine widening substantially during the COVID-19 pandemic, new survey data shows. It’s the largest gap in nearly five decades of polling by the General Social Survey, a widely respected trend survey conducted by NORC at the University of Chicago that has been measuring confidence in institutions since 1972. That is unsurprising to more than a dozen scientists reached for comment by The Associated Press, but it concerns many of them. Science used to be something all Americans would get behind, Rice University historian Douglas Brinkley said.
Supreme Court Justice Stephen Breyer will retire.
As one of three liberal justices on the Supreme Court, his vacancy, reported by several outlets Wednesday, will pave the way for President Joe Biden to nominate a new judge to the highest court.
"It has always been the decision of any Supreme Court Justice if and when they decide to retire, and how they want to announce it, and that remains the case today," White House press secretary Jen Psaki wrote in a statement. "We have no additional details or information to share."
Dr Anthony Fauci, the nation's top infectious disease expert, issued a warning Wednesday that it is too early to consider Covid 'controlled' in the U.S. During a Covid briefing Wednesday, the director of the National Institute of Allergies and Infectious Disease warned that the current Covid situation is not as optimistic as some officials and experts are saying.(Snip)He also mentioned that the Pfizer-BioNTech vaccine for young children—which he believes could be available soon—will require three doses of the shot instead of the standard two dose regimen. 'Where we want to be is that sufficient control. Not eradication… that's unreasonable. Not necessarily elimination…
Neil Young deletes post demanding Spotify
remove his music over Joe Rogan's vaccine claims 33 replies
remove his music over Joe Rogan's vaccine claims 33 replies
Musician Neil Young on Tuesday deleted his post of a letter that directed his management team and record label to remove his music from Spotify over what he views as COVID misinformation spread by podcaster Joe Rogan.
"I want you to let Spotify know immediately TODAY that I want all my music off their platform," he wrote, Rolling Stone reports. "They can have Rogan or Young. Not both."
The part-time Crosby, Stills & Nash member accused Spotify of "spreading fake information about vaccines – potentially causing death to those who believe the disinformation being spread by them."
Surveillance video shared on social media of a shooting inside a Spring Garden pizza shop last month appears to contradict portions of the initial account shared by police, including the assertion that the shooting victim was shot after he tried to strangle the mother of the teenager who ended up firing on him.
The 28-second video instead shows the would-be robber forcefully reaching for the register — not the cashier — in an apparent attempt to steal money. Within seconds, a 14-year-old behind the counter pulled a gun from his waistband and fired from point-blank range, the video shows.
Peter Doocy mishandled Biden's phone call
31 replies
The big news on Monday night was that Joe Biden, in response to a perfectly appropriate question from Fox News White House correspondent Steve Doocy, not only refused to answer, but openly and into the mic called Doocy a "stupid son of a b‑‑‑‑." Biden then called Doocy, ostensibly to apologize. In fact, he didn't apologize at all, but Doocy seemed happy to be the nice guy who accepted a private non-apology in exchange for a public insult. (snip) What he should have said was, "Mr. Biden, you very publicly and crudely insulted me. I expect an equally public, explicit apology."
A retired military official is warning on Wednesday that China could claim salvage rights to an F-35 stealth fighter jet that crashed into the South China Sea earlier this week. Carl Schuster, former director of operations at the US Pacific Command's Joint Intelligence Center in Hawaii, told CNN that China's likely game plan will be to capitalize on its territorial claims in the South China Sea and claim it's salvaging the craft for environmental purposes.(Snip)The timeline for search and recovery could stretch across months, the retired military commander said. Salvage ships could take between 10 to 15 days to arrive at their destination, he explained,
The Wisconsin Assembly has voted in the affirmative to pass a privileged resolution to withdraw the state’s 10 electors who were slated to have cast their votes for Joe Biden in the 2020 election.
The announcement of the privileged resolution, as well as the present members unanimous vote to pass it, can be viewed below. [Video]
The privileged resolution to withdraw the Biden electors will now proceed to the Wisconsin Rules Committee in the Wisconsin Assembly and to the Wisconsin Senate for immediate confirmation. The legislation was introduced by Rep. Timothy Ramthun.
Few things delight me more than watching climate cultists with Big Plans to change the way we live running headlong into reality and discovering that their ideas just don't work. The story of Heidi Harmon, who stepped down from being mayor of San Luis Obispo, California last August to battle climate change, is one to savor. (snip) After multiple attempts to find a working charging station in San Jose, Harmon realized charging the car would take up to seven hours and there was no way she could make the rally. Harmon posted multiple videos about her difficulties in traveling in an all-electric vehicle. She discusses calling the police
For 50 years, Joe Biden cultivated an illusory image of being a kindly — if dimwitted — uncle: someone whose terrible politics and inappropriate malapropisms were tolerated because he said he meant well. What a farce. Uncle Joe — now firmly in grandfather territory — was never that guy. Long a fantasist who recounts fake stories years after they’ve been debunked, Biden was always a hit-and-run liar. He was also always a hack and a jerk, with an anger that betrays the arrogance of a corrupt elite. This week, he called Fox News reporter Peter Doocy
EXCLUSIVE: Fairfax Schools Suspend Kids,
Call Police As System Defies Virginia
Governor On Masks 21 replies
Call Police As System Defies Virginia
Governor On Masks 21 replies
FAIRFAX COUNTY, Virginia – Fairfax County Public Schools made a show of defying Virginia Gov. Glenn Youngkin’s order that schools respect parental rights on masking on Tuesday, with an assistant principal standing in front of the school to suspend students without masks, and a public relations staffer who said the media was not allowed to watch the conflict between state and local governments play out.
At one classroom exterior door, a teacher in a dark mask and a full-face plastic shield resembled Darth Vader as she peered through the glass and, after seeing a masked child out front, opened the door a crack to let him in.