Dow plunges more than 1,000 points as
‘rally’ over Fed plan fades
Posted By: AltaD, 5/5/2022 1:02:33 PM
US stocks plunged sharply in early trading Thursday as investors grow more anxious about the Federal Reserve’s move to slam the brakes on the economy to combat decades-high inflation. The Dow Jones Industrial Average plunged more than 1,000 points as of 12:15 p.m., or 3.1%. The selloff was more pronounced in the tech-heavy Nasdaq index, which was down by 5.23%, or more than 600 points. The broad-based S&P 500 fell about 4% (Snip) The CBOE Volatility Index, known as Wall Street’s “fear gauge,” surged 24% to 31.62 points.
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Polio may be spreading in the UK for the first time in nearly 40 years, health chiefs warned today as they declared a 'national incident'.
Officials have found traces of a vaccine-derived version of the virus in sewage samples in parts of London and say it is 'likely' transmitting within the community.
Parents are being urged to ensure their children are up to date with their polio vaccinations, particularly after the pandemic when school immunisation schemes were disrupted. All British children are supposed to have had the first of three polio jabs as a baby (Snip) The remaining, type 1, wild polio remains endemic in only two countries, Afghanistan and Pakistan.
Chicago - Chicago police officers will no longer be allowed to chase people on foot simply because they run away or give chase over minor offenses, the department said Tuesday, more than a year after two foot pursuits ended with officers fatally shooting a 13-year-old boy and 22-year-old man. (Snip) Under the policy, officers may give chase if they believe a person is committing or about to commit a felony, a Class A misdemeanor such as domestic battery, or a serious traffic offense such as drunken driving and street racing that could risk injuring others. Officers won't be allowed to chase people on foot if they suspect them of minor
Colonial Williamsburg is the world’s largest living museum, and a place visited and loved by many conservatives, traditionalists, homeschoolers, and classical education devotees.
Williamsburg is beloved precisely because, for decades, it has faithfully depicted the founding culture of America in a meticulously recreated, and often re-enacted, Revolutionary-era capital. This depiction included America’s undeniably traditional, Western, largely Judeo-Christian roots.
But now Williamsburg has gone woke. In doing so, its leadership and staff are displaying conspicuous enmity toward the highly reasoned position held by America’s founders—a position at odds with today’s LGBT dogma. It’s not merely during Pride month, which Williamsburg now celebrates. Colonial Williamsburg has established an ongoing Gender
With temperatures soaring into the high 90s for the second straight day, City Council members on Wednesday demanded to know why so many Chicago Park District pools remain closed while lakefront beaches are open.
The Park District manages 49 outdoor pools, 28 indoor pools and works with the Chicago Public Schools to operate school pools for community use in neighborhoods without a park pool.
Efforts to open those pools have been hampered by a nationwide shortage of lifeguards (Snip) Most everybody’s job when I was a kid started off as a bus boy somewhere or a dishwasher. That’s what we did. Now, it’s like that’s beneath people.”
A spokesperson for Fox Sports said the network had no intention to “overshadow” “Jeopardy!” champion Amy Schneider, whose first pitch at the Giants vs. Dodgers game on Saturday didn’t make the broadcast. Schneider, the first transgender contestant on “Jeopardy!” to participate in the Tournament of Champions, was invited to throw out the ceremonial first pitch at Oracle Park on the Giants’ Pride Day. Fox Sports instead aired NASCAR driver Kurt Busch’s first pitch from Thursday. “On Saturday, as part of a promotional package for the weekend’s NASCAR race in northern California, we aired a taped first pitch(Snip) Fox Sports added that first pitches usually don’t make telecasts.
An Australian woman has revealed how her long-term boyfriend blocked her on social media and shacked up with another woman while she was in a coma after a devastating accident. Perth native Brie Duval, 25, was living in Canada(Snip)“This was in the peak of COVID, so in Australia you weren’t allowed to leave or enter the country,” she told the Mirror.
“My mum and dad went to the government and asked for special permission to say goodbye to me as things were bad at that point. They refused them, they would not give them a chance and they would not give them a reason, they just flat out said no,”
Mike Krzyzewski isn’t running for political office, but he wishes the people who hold positions of power would act differently.
The retired Duke basketball coach, speaking on the latest SiriusXM radio episode at Cameron Indoor Stadium’s Champions Club, got political, calling out both parties for not serving those in need amid the rising gun violence in America. (Snip) He supported Warriors coach Steve Kerr speaking out on the subject after the school shooting in Uvalde, Texas, and went at politicians for not working together to address the problem.
A 75-year-old man known affectionately to Chicagoans as the “Walking Man,” was in critical condition early Wednesday after someone doused him in flammable liquid and lit him on fire as he lay on the ground overnight on Lower Wacker Drive, according to Chicago police.
Joseph Kromelis, who once told the Tribune he “roams as a way of life,” had been resting when a man he didn’t know came up to him in the 400 block of North Lower Wabash Avenue about 2:50 a.m., police said.
The stranger “then proceeded to ignite the victim before fleeing the scene,”(Snip) Kromelis once joked: “I’m like the Kardashians — I’m famous for doing nothing.”
Talk about sticker shock.
A New York woman recently shared that her sister was reportedly charged $40 “for crying” at a doctor’s appointment. (Snip) “My little sister has been really struggling with a health condition lately and finally got to see a doctor. They charged her $40 for crying,” she captioned the photo in a tweet.
The image highlighted a segment of the bill that docked her sis for a “BRIEF EMOTIONAL/BEHAV ASSMT.” In the Twitter thread, she explained that her sister has a “rare disease” and “got emotional because she feels frustrated and helpless,” as she’s reportedly struggled to find care.
Months after distressed moms have been vocally upset and concerned about the baby formula shortage, the media is finally starting to ask, how could this happen? The short answer is lockdown supply chains and the shutdown of one of the country’s largest formula plants in Michigan (Snip) Freeman said her clients and industry contacts began noticing an FDA crackdown on European formulas in the last few years, before the lockdowns, but an even greater spike since last August, well before the Abbott recall and plant shutdown that many are pointing to as the source of the shortage.(Snip)In some ways, the FDA seems more concerned about labeling than the nutrients themselves.
Eleven people shot in two mass attacks
on Chicago’s South Side just five hours
apart Tuesday night 20 replies
on Chicago’s South Side just five hours
apart Tuesday night 20 replies
Eleven people were shot in two mass shootings on Chicago’s South Side just five hours apart Tuesday night.
One of the victims in the first shooting in Back of the Yards died, and a fight briefly broke out between police and residents who thought officers were not performing life-saving measures on the victims.
In all, 21 people were shot in Chicago Tuesday, two of them fatally, a toll generally seen on a violent weekend in the city. At least 14 people were shot, two of them fatally, on Monday, and 24 people were shot — 6 of them fatally — over the past weekend.
US stocks plunged sharply in early trading Thursday as investors grow more anxious about the Federal Reserve’s move to slam the brakes on the economy to combat decades-high inflation.
The Dow Jones Industrial Average plunged more than 1,000 points as of 12:15 p.m., or 3.1%.
The selloff was more pronounced in the tech-heavy Nasdaq index, which was down by 5.23%, or more than 600 points. The broad-based S&P 500 fell about 4% (Snip) The CBOE Volatility Index, known as Wall Street’s “fear gauge,” surged 24% to 31.62 points.
Most Active Articles (last 48 hours)
Soccer star Megan Rapinoe says parents need to realize their children’s sports just aren’t “that important.”
The former Subway spokeswoman gave a recent interview in which she chastised parents for making a big deal out of trans athletes in girls’ sports.
“I would also encourage everyone out there who is afraid someone’s going to have an unfair advantage over their kid to really take a step back and think what are we actually talking about here,” the 36-year-old said. “We’re talking about people’s lives. I’m sorry, your kid’s high school volleyball team just isn’t that important.”
A new, two-story afro pick statue was unveiled in New Orleans on Friday in honor of Juneteenth, but while Mayor LaToya Cantrell called the structure “breathtaking,” not everyone sees it that way.
"As Juneteenth approaches, we celebrated with an unveiling in Lafayette Sq," Cantrell tweeted about the 24-foot tall hair pick that has a clenched “black power” fist on top. "This sculpture is very fitting for this time & place as we celebrate the freedoms that we have gained We know that it doesn’t come without struggles, fights, and protests for 200+ years."
The imposing pick is part of the Monumental Tour, a traveling exhibition of large-scale outdoor works by Black artists.
Only a “massive” and immediate scaling-up of funds and humanitarian relief can save Somalia from famine, a UN spokesperson has warned, as aid workers report children starving to death “before our eyes” amid rapidly escalating levels of malnutrition. In a message to G7 leaders who are meeting from Sunday in Germany, Michael Dunford, the World Food Programme’s (WFP) regional director for east Africa, said governments had to donate urgently and generously if there was to be any hope of avoiding catastrophe in the Horn of Africa country.
“We need money and we need it now,” said Dunford.(Snip)Last year, the UK and other G7 leaders promised to provide $7bn
Well, it happened. The Republican Party decided to play nice, try to get some good press with a media establishment that hates them, and join the legions of the righteous and blessed by hashing out a gun control bill during a midterm election cycle. Is everyone up there hitting the crack pipe? What are we doing? What the hell is this? We have category five hurricane gusts to our backs heading into November—and the GOP decided to do what it does best: find a new way to blow it.
The economy is primed to enter a recession as the second-quarter report is bound to show another period of economic contraction.
Barack and Michelle Obama's multiyear deal with Amazon's podcast platform Audible is worth at least $20million, experts have claimed.
The couple will have to contribute two shows and appear in up to eight episodes each, the industry insiders said.
The move will give the former first lady the scope to make less personal appearances than what was wanted under their former partnership with Spotify, the sources said.
Audible said the pair plan to use their new platform to 'tell stories that elevate diverse voices and and experiences'.
The Obamas cut ties with Spotify after reportedly clashing with the streaming giant over exclusivity and how much they were expected to appear in episodes.
CNN legal analyst Jeffrey Toobin ignored recent examples of progressive violence when he went on "At This Hour With Kate Bolduan" on Wednesday to condemn "the pervasiveness of right-wing violence."
Toobin appeared on a panel discussing the ongoing Jan. 6 hearings and potential connections to former President Donald Trump. In the latest hearing by the Jan. 6 Committee on Tuesday, state officials testified that they received several threats and attacks from people after refusing to overturn the 2020 election results.
Toobin argued those threats were further proof that "right-wing violence" is now pervasive throughout the country.
Biden Celebrates His Green Policies that
Will “Take Millions of Cars Off the
Road” (Video) 29 replies
Will “Take Millions of Cars Off the
Road” (Video) 29 replies
Joe Biden on Wednesday delivered remarks on soaring gas prices from his fake White House set in the South Court Auditorium.
Biden repeated the same lies in his speech and blamed Vladimir Putin for high gas prices.
“Let’s remember how we got here: Putin invaded Ukraine,” said Biden.
This is a lie.Gas prices spiked before Putin invaded Ukraine. [Chart] Even Biden’s Fed Chair Jerome Powell on Wednesday fact-checked Biden’s lies on rising prices.
“I promise you I’m doing everything possible, everything possible to bring the price of energy down,” Biden said.
Democratic Congressional Staffer Caught
Vandalizing Posters in Capitol; DOJ won’t Prosecute 25 replies
Vandalizing Posters in Capitol; DOJ won’t Prosecute 25 replies
A congressional chief of staff was caught vandalizing property within the Capitol Hill complex, but despite recommendations for criminal charges from Capitol Police, the Department of Justice (DOJ) has refused to prosecute him.
Just The News reports that 51-year-old Timothy Hysom, the chief of staff for Congressman Jack Auchincloss (D-Mass.), was arrested by Capitol Police after he was caught on surveillance camera footage defacing posters outside the office of Congresswoman Marjorie Taylor Greene (R-Ga.) in the Longworth House Office Building.
Capitol Police additionally revealed that they believe Hysom to be involved in as many as seven different incidents of posters being defaced outside Greene’s office
More than 21 million paper tax returns are still waiting for processing by the Internal Revenue Service, as the tax agency struggles to swiftly disburse refunds to American households, according to a watchdog report released on Wednesday. Most taxpayers file their returns electronically, but millions of others — disproportionately the elderly — still fill out their returns manually. National Taxpayer Advocate Erin Collins said in her report that the IRS backlog this year is 21.3 million paper returns, 7 percent more than the 20 million that were awaiting processing at the same time last year. The report may add to the political
Biden Adviser Sperling: Powell Didn’t
Contradict Biden, Gas Prices ‘Due Solely
to’ Russia 23 replies
Contradict Biden, Gas Prices ‘Due Solely
to’ Russia 23 replies
On Wednesday’s broadcast of CNN’s “The Lead,” Senior Adviser to President Joe Biden Gene Sperling said that Federal Reserve Chairman Jerome Powell’s comments that high inflation pre-dates Russia’s invasion of Ukraine don’t contradict President Joe Biden’s rhetoric and “the reason we’ve seen the gas price rise, both here and really around the world, is due to Putin.”
Sperling responded to Powell’s comments by saying, “Jake, that is clearly correct, and that is not contradictory with anything this president said.”
First New Hampshire Poll Delivers Unexpected
Result Between Ron DeSantis and Donald Trump 23 replies
Result Between Ron DeSantis and Donald Trump 23 replies
We haven’t even had the 2022 election yet and talk of 2024 is already heating up. Naturally, Donald Trump remains at the top of the conversation on the Republican side, but Ron DeSantis has become nearly as talked about as a probable challenger. The latter has burst onto the scene the last two years as a no-nonsense, fighter of a governor who also has a knack for making the liberal press look ridiculous. Those are skills that GOP voters love, and they’ve earned DeSantis high marks nationally from the Republican base. That he’s also become the leader in the culture wars has only caused his star to rise further.
Just how far has he risen? The first primary poll
Polio may be spreading in the UK for the first time in nearly 40 years, health chiefs warned today as they declared a 'national incident'.
Officials have found traces of a vaccine-derived version of the virus in sewage samples in parts of London and say it is 'likely' transmitting within the community.
Parents are being urged to ensure their children are up to date with their polio vaccinations, particularly after the pandemic when school immunisation schemes were disrupted. All British children are supposed to have had the first of three polio jabs as a baby (Snip) The remaining, type 1, wild polio remains endemic in only two countries, Afghanistan and Pakistan.