Inflation barreled ahead at 8.3% in April
from a year ago, remaining near 40-year highs
Posted By: shalimar, 5/11/2022 8:43:47 AM
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain. Inflation has been the single biggest threat to a recovery that began early in the pandemic and saw the economy in 2021 stage its biggest single-year growth level since 1984.
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North Carolina State Sen. Chuck Edwards (R) unseated Rep. Madison Cawthorn (R-NC) in the state’s 11th congressional district primary.
Dave Wasserman, the House editor of the Cook Political Report, reported that Cawthorn lost his renomination to state Sen. Edwards. Cawthorn faced increasing attacks from the left and establishment media outlets over many issues ... “I’ve really never seen the swamp launch such a coordinated attack against any individual in politics except for Donald Trump,” Cawthorn said in reaction to the attacks against him.
Former Texas Gov. and Trump Energy Secretary Rick Perry endorsed Edwards during the 11th congressional district primary.
I hate that I even have to write this article given my distaste for Dr. Mehmet Oz. It’s my opinion that Kathy Barnette has crossed a line in Pennsylvania, and we need to talk about it.
Barnette, who is running for the GOP Senate nomination in the state, has been locked in a fierce battle with Oz and Dave McCormick, the latter of whom has moved into third place in most polls. Now, she’s letting it be known that she will not support any of the other Republicans if she loses the primary. This is a big red flag ...
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain.
Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain.
Inflation has been the single biggest threat to a recovery that began early in the pandemic and saw the economy in 2021 stage its biggest single-year growth level since 1984.
Officials formally declared a convicted German sex offender as a suspect in the Madeleine McCann case.
Christian Brueckner was officially named as a suspect in the toddler’s 2007 disappearance but has not been charged with a crime, according to The Times.
Portuguese prosecutors issued a statement on Thursday: “As part of the investigation into the circumstances surrounding the disappearance of Madeleine McCann in 2007, a person was made a suspect on Wednesday.”
In 2020, German police named Brueckner as a person of interest for the first time in connection with the case.
Hunter Biden’s closest business partner made at least 19 visits to the White House and other official locations between 2009 and 2015, including a sitdown with then-Vice President Joe Biden in the West Wing.
Visitor logs from the White House of former President Barack Obama reviewed by The Post cast further doubt over Joe Biden’s claims that he knew nothing of his son’s dealings.
Eric Schwerin met with Vice President Biden on November 17, 2010 in the West Wing, when he was the president of the since-dissolved investment fund Rosemont Seneca Partners.
The logs also reveal that Schwerin met with various close aides of both Joe and Jill Biden ...
Orsolya Gaal murder suspect David Bonola
is in the US illegally, law enforcement
sources say 13 replies
is in the US illegally, law enforcement
sources say 13 replies
David Bonola, the handyman arrested in the grisly murder of Queens mother Orsolya Gaal, had been living in the United States in violation of immigration law when he was arrested, law enforcement sources confirmed to Fox News Digital on Friday.
Bonola moved to the United States from Mexico 21 years ago, police officials said Thursday. They would not comment regarding the 44-year-old's immigration status at the time. But two law enforcement sources with knowledge of the matter told Fox News Digital that Bonola was in the country in violation of immigration law. Details of whether he entered the U.S. legally were not immediately available.
A suspect was charged early Thursday with the brutal slaying of Queens mom Orsolya Gaal — with multiple sources telling The Post he was her handyman ex-lover.
David Bonola, 44, was taken into custody and charged with murder, criminal tampering and criminal possession of a weapon over the brutal weekend stabbing, the NYPD confirmed early Thursday.
Multiple sources told The Post that Bonola was the handyman thought to have also been Gaal’s lover — and that he gave a full confession after his arrest.
The madman who opened fire on a Brooklyn subway car and left 29 injured, 10 of them shot has been taken into custody, law enforcement sources told The Post.
Frank James, 62, was named by cops as the sole person of interest after a man in a gas mask, helmet, and neon construction vest threw two smoke grenades and opened fire on straphangers while riding the Manhattan-bound N train just before 8:30 a.m.
James rented a U-Haul van linked to the attack, authorities said during a news conference on Tuesday.
The suspect had posted several rambling conspiracy-laden YouTube videos, railing against the city’s mental health services ...
Consumer prices rose 8.5% in March, slightly
hotter than expected and the highest since 1981 5 replies
hotter than expected and the highest since 1981 5 replies
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday.
The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%.
Excluding food and energy, the CPI increased 6.5%, in line with the expectation.
The data reflected price increases not seen in the U.S. since the stagflation days of the late 1970s and early ’80s.
Judge Ketanji Brown Jackson, who President Biden nominated to the Supreme Court to become the first ever Black female justice, admitted Tuesday that she could not recall the basis for the infamous Dred Scott decision, which in 1857 said that a Black person whose ancestors had been slaves could not be an American citizen.
The case came up during Jackson’s confirmation hearing on Tuesday, when she faced questioning from Sen. John Cornyn, R-Texas. Cornyn brought up the concept of substantive due process, a legal doctrine utilized to expand the Constitution’s due process clause to protect various rights not enumerated in the Constitution.
President Joe Biden will nominate federal Judge Ketanji Brown Jackson on Friday to replace Supreme Court Justice Stephen Breyer, which would make her the first black woman on the high court's bench should she be confirmed by the Senate.
Breyer announced his retirement last month after 28 years on the Supreme Court, effective when the current term ends this summer. That paved the way for Biden to fulfill his 2020 campaign promise of nominating a black woman as a Supreme Court justice.
Bob Beckel, the longtime Democratic operative whose appearances on Fox News Channel included a stint as host of “The Five,” has died. He was 73 years old.
FNC star Sean Hannity announced Beckel’s death during his nightly primetime show on Monday.
“We miss him already,” Hannity said of his former FNC colleague, whom he called a “dear friend.” Beckel was campaign manager during Democratic Party nominee Walter Mondale’s ill-fated run for the presidency in 1984. He also served in the State Department during the Carter administration.
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Pelosi says Abbott could face criminal
charges over infant formula, weighs new
federal controls 31 replies
charges over infant formula, weighs new
federal controls 31 replies
The company at the center of a baby formula crisis could face criminal charges, House Speaker Nancy Pelosi said Tuesday, as Democrats considered new government controls over the baby formula industry. “I think there might be a need for indictment,” said Mrs. Pelosi, who has realigned the House agenda to address a baby formula shortage. Democrats are also considering legislation that would give the federal government more control over the supply and distribution of formula, particularly when shortages arise. The plan would require formula companies to report inventory to the Food and Drug Administration, which could then move supplies from one state to another to fill empty shelves.
President Joe Biden was blasted by outraged parents who believe his 'incompetent' administration waited too long to address the nationwide baby formula shortage that has left families scrambling to find ways to feed their infants.Biden, on Wednesday evening, invoked the Defense Production Act to boost baby formula production and issued a directive for planes to bring in supplies from overseas, after growing pressure from Congress. In addition to invoking the Cold War-era law to compel suppliers to direct resources to infant formula manufacturers before any other customer, Biden announced 'Operation Fly Formula.'
Former Fox News host Chris Wallace has landed a CNN primetime hosting gig a few weeks after his interview show on the doomed CNN+ app was canned. Wallace left Fox News in December after 18 years at the network to join the streaming service CNN+, on a reputed $12m-a-year deal.That was axed after just 22 days because of poor subscriber numbers.But Wallace, 74, is getting a second chance at the network this coming fall where he will host a primetime show on Sunday nights, CNN CEO Chris Licht announced at Warner Bros. Discovery upfronts on Wednesday
Do you know what it’s technically called when “government takes control of the means of production?” Yeah, that.
This afternoon Joe Biden invoked the Defense Production Act giving Health and Human Services the legal authority to control the supplies needed for the creation of baby formula (how it is made), and the authority to determine distribution equity (who gets it).
White House – “[T]he authority of the President conferred by section 101 of the Act to require performance of contracts or orders … is delegated to the Secretary of Health and Human Services with respect to all health resources, including the ingredients necessary to manufacture infant formula.”
Target shares sank on Wednesday, as surging costs resulted in a big miss in quarterly earnings and a reduced outlook. The stock fell as much as 26% to $159 by midday, the lowest price since November 2020. Target's first-quarter earnings announcement caught the attention of the broader equity market, with US stock futures swinging lower following the release. Consumer staples stocks were the worst-performing during the regular session, with their collective 5% drop fronting the S&P 500's nearly 2% decline. "Throughout the quarter, we faced unexpectedly high costs, driven by a number of factors, resulting in profitability that came in
Sundance is raising the alarm that John Durham is not going to prosecute FBI and DOJ officials for their role in perpetrating the Russia Hoax. Opening arguments were presented Tueaday in the trial of Clinton campaign lawyer Michael Sussman for lying to then-FBI general counsel James Baker, claiming that he wasn’t working for the campaign when he brought charges of ties between Donald Trump and Russia to the FBI.
Joe Biden flew to Joint Base Andrews on Thursday to hold a meeting with his senior leadership on the dangers of seasonal hurricanes. It was a 15 minute flight. Joe left the White House at 1:15 PM and arrived at Joint Base Andrews at 1:30 PM. When he arrived Joe looked shot. He shuffled over to a meeting with his senior leadership to discuss the dangers of hurricanes. Joe Biden looked lost. His mouth was gaped open. He had a glassy-eyed stare and shuffled along mumbling something when he got to the table. This was at 1:30 PM after a 15 minute flight! Here’s the video.
A Washington Post op-ed from Brian Boome claims the Supreme Court and the pro-life movement as a whole want to eliminate abortion to “protect whiteness.”Reflecting on the horrible supermarket shooting in Buffalo, where a professed white supremacist allegedly murdered 10 people and wounded three others – 11 of the victims were black – Boome repeated the Democrat Party talking points that Fox News host Tucker Carlson was to blame for allegedly spreading the “white replacement theory.”According to Boome, belief in this conspiracy theory has fueled the pro-life movement to protect white babies, event though the data shows black babies are being aborted at a disproportionate rate.
Twitter is not in business to make a profit or to give people free speech, but to do “something that’s good for the planet,” a company employee can be heard saying in a secretly recorded video.
The new undercover footage from Project Veritas features Lead Client Partner Alex Martinez discussing the company’s authoritarian views on speech, and denigrating Tesla CEO Elon Musk as a “loony toon” with “special needs.” (snip) “Right now, we don’t make profit,” he noted, explaining that the company’s liberal ideology “led us into not being profitable.”
Denying any partisan motivations behind the rollout of the Department of Homeland Security’s (DHS) Disinformation Governance Board — while President Joe Biden and Democrats actively challenge the right to free speech — the dubiously nicknamed “Ministry of Truth” has been put on pause after expressed concern, leaving the door wide open for further ridicule.
The Washington Post entered a meta state of irony Tuesday when they reported that the board would be shutting down faster than CNN+.
Vladimir Putin's state TV propagandists have targeted the new White House press secretary Karine Jean-Pierre in a vile racist and homophobic rant where they suggested she only got the job because she is black and gay.The Russian state TV hosts laughed as they said Jean-Pierre will be 'replaced' in a month or two by a 'white, heterosexual male'. They claimed Jean-Pierre, who is the first black, gay and immigrant woman to hold the position of White House press secretary, was not chosen for her 'professional abilities'.
The federal government is preparing for a surge in political violence when the Supreme Court officially rules in June on the abortion case that's expected to overturn Roe v. Wade. A Department of Homeland Security (DHS) intelligence memo from May 13 that was obtained by Axios says it expects threats that were levied against Supreme Court Justices, clerks, lawmakers, clergy and health care providers are expected to increase in coming weeks. The thread, according to the declassified memo, 'are likely to persist and may increase leading up to and following the issuing of the Court's official ruling.'