Inflation hits fresh 40-year high in May
with consumer prices surging 8.6%
Posted By: NorthernDog, 6/10/2022 8:58:35 AM
Inflation barreled ahead in May, rising more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 40-year-high. The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.6% in May from a year ago. Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists. It marks the fastest pace of inflation since December 1981.
people like this.
people like this.
person likes this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "NorthernDog"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
NorthernDog"
Ex-Fox News personality-turned-NewsNation political editor and Fox critic Chris Stirewalt broke news when he told anchor Adrienne Bankert that he’s been called to testify before the Jan. 6 committee on Monday. Stirewalt has become a frequent and vociferous critic of his former employer and its handling of the Jan. 6 attack on the Capitol, and now he’ll take the witness chair at the bombshell hearings investigating that attack. On Friday morning’s edition of NewsNation’s Morning In America with Adrienne, Bankert asked for Stirewalt’s take on Thursday night’s hearing but got a big scoop instead. “I should first disclose, I should
VERNON, Calif. -- Meat-packing giant Smithfield Foods said Friday it will close its only California plant next year, citing the escalating cost of doing business in the state. The Farmer John meat-packing plant in Vernon, an industrial suburb south of Los Angeles, will shut down in February, with its 1,800 employees receiving severance and job placement support along with bonuses for those who choose to stay on the job until the closure, said Jim Monroe, vice president of corporate affairs. (Snip) “Our utility costs in California are 3 1/2 times higher per head than our other locations where they do
Consumer sentiment sank to its worst level on record in early June as the rising cost of food, gas, and other essentials weighed on American consumers. The University of Michigan's closely watched Surveys of Consumers consumer sentiment index slumped to 50.2 in the preliminary June survey, marking the lowest level recorded by the survey, which dates back to the mid-'70s. (Snip) "Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession," Joanne Hsu, director of the University
Inflation barreled ahead in May, rising more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 40-year-high. The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.6% in May from a year ago. Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists. It marks the fastest pace of inflation since December 1981.
A suburban Chicago city has revoked the special permit for an upcoming gay pride parade over security staffing concerns following a spat in which local authorities were told that police officers would not be allowed to march in uniform. The group running the Aurora Pride Parade had been working with the Aurora Police Department to come up with a safety plan for the privately-run event, but a police spokesperson told Fox Chicago the department couldn't make it work. (Snip) Organizers announced last month that police officers marching in the parade could not dress in their uniforms and could not bring
The national average for gas prices in the United States has surpassed the $5 mark for the first time in history, according to one measure on Thursday. According to GasBuddy, the average has risen to $5 per gallon after an increase of several cents over the last few days. Various factors have influenced the rise in prices over the last several months. Experts say that the spike recently has been mostly affected by rising demand for the summer season and limited capacity at U.S. and foreign refineries. The ongoing war in Ukraine -- which is now in its fourth month -- has
ORLANDO – Six men from Haiti, who were scheduled to attend the Special Olympic USA Games in Orlando, are missing. They were competing in the soccer competition. The group was last seen Monday afternoon, which was when the games began. Now, law enforcement is trying to figure out where they went. "How you fly into a country and just disappear, and no one knows anything? I mean that's disturbing," said Hope Watson, a mother of a Special Olympics athlete. The Osceola County Sheriff's Office put out an alert to the public saying the six men were last seen around 2:30
CNN media analyst on Kimmel interview:
Biden needs 'exposure' that isn't too
'challenging for him' 20 replies
Biden needs 'exposure' that isn't too
'challenging for him' 20 replies
During a Wednesday discussion about President Biden's upcoming interview with late night host Jimmy Kimmel, CNN media analyst Bill Carter said that the president could use some "exposure that may not be too, you know, challenging for him." "New Day" host Brianna Keilar asked Carter what he thought the president was "hoping to achieve" in appearing on a late night show while suffering from low approval ratings. The president is set to join Jimmy Kimmel on Wednesday for his first major interview in over 100 days.
"Clearly this is an appearance meant to, you know, give him a forum where
DES PLAINES, Ill. -- One of the Chicago area's most elite car dealerships was targeted by thieves overnight Monday into Tuesday. As CBS 2's Chris Tye reported Tuesday, the crew got away with three luxury vehicles - and something that might be more even more valuable. The owner of Sam Jidd Luxury Motors, at 1505 S. Mt. Prospect Rd. in Des Plaines, said this was the fifth time in a little more than a year that thieves have struck. The owner says lax laws and policing are only inviting copycat crimes. "It's going to be a nightmare this week," said owner Sam
MSNBC finished May with its smallest monthly audience among the advertiser-coveted demographic of adults age 25-54 since November 1999, and its lowest-rated month among the demo in primetime since May 2004, as Rachel Maddow’s reduced schedule continues to harm the network. "Record-low ratings going back to 1999 is almost always a bad sign seeing as how they were then a fledgling network and far less ubiquitous in our bodypolitic," NewsBusters managing editor Curtis Houck told Fox News Digital about MSNBC, which launched in 1996. Houck believes that nowadays, liberals have a multiple options when looking to "be spoon-fed their talking
Utility officials in Minnesota said nearly 4,000 customers lost power for a time due to a squirrel that wandered into a substation. The Minnesota Valley Electric Cooperative said the 7 a.m. Sunday outage in the Prior Lake area was caused by a squirrel that came into contact with substation equipment. The company said nearly 4,000 customers lost power for about a half hour. There was no word on the fate of the squirrel.
MELBOURNE - Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to accelerate its output increases over the next two months. Brent crude futures were up $1.80, or 1.5%, at $121.52 a barrel at 2319 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday. U.S. West Texas Intermediate (WTI) crude futures were up $1.63, or 1.4%, at $120.50 a barrel after hitting a three-month high of $120.99. The contract gained 1.7%
Most Active Articles (last 48 hours)
“But that’s not what’s worrying me. It’s how to do it. These things must be done delicately… …or you hurt the spell.”
—Wicked Witch of the West in The Wizard of Oz
The bad witch has a point. An incumbent president’s own party dumping him without taking the party to rack and ruin would be unprecedented and would require an extraordinarily light touch. It goes without saying that it has to look like leaving was the president’s idea or else his partisans — and Biden has more than a few — would scream bloody murder and rip the party to shreds.
Yet there is a consensus
Morning Joe's Richard Haass: We Need To
Get The Republican Party Back To Liz Cheney Republicanism 32 replies
Get The Republican Party Back To Liz Cheney Republicanism 32 replies
Richard Haass, the president of the Council on Foreign Relations, told 'Morning Joe' on Wednesday that Liz Cheney Republicanism is conservative: "What we see today is that Republicans have ceased to be conservatives, and modern day Republicanism has become radicalism. It's become populist. (snip) That, to me, is obviously an unbelievably dangerous departure.
(snip) Can we basically get to a point where Liz Cheney Republicanism, which by the way is extremely conservative in her policies, whether we can get back to the point that regains control of the Republican party?
Democrats are doing all they can to distract from the horrible inflation which just hit new heights of bad. Their hope was the Jan. 6 Committee. But that isn’t going over so well. Now, we know we’ve had a lot of Jan. 6 coverage, but before I head off for more salient things, I couldn’t help but comment on the reaction of Rep. Alexandria Ocasio-Cortez (Delusional-NY).
AOC was teary, saying on Instagram she was “so angry” having to “relive that footage.” Her Instagram post said, “I’m shaking all over again.” “We were trapped on the campus with no way out.”
“On a personal level, I wasn’t expecting it to feel like this,”
The Biden administration is planning to push a policy that would require tobacco companies to reduce the level of nicotine in cigarettes sold in the U.S. The policy would see the amount of nicotine reduced to 'nonaddictive levels'.Although it would likely not come into force for several years, the move would likely disrupt the entire tobacco industry.Smokers needn't be too concerned in the short terms with a number of hurdles still to be passed.
VERNON, Calif. -- Meat-packing giant Smithfield Foods said Friday it will close its only California plant next year, citing the escalating cost of doing business in the state. The Farmer John meat-packing plant in Vernon, an industrial suburb south of Los Angeles, will shut down in February, with its 1,800 employees receiving severance and job placement support along with bonuses for those who choose to stay on the job until the closure, said Jim Monroe, vice president of corporate affairs. (Snip) “Our utility costs in California are 3 1/2 times higher per head than our other locations where they do
Representative Alexandria Ocasio-Cortez (D., N.Y.) bragged about her efforts to block legislation that would increase security for Supreme Court justices shortly after authorities foiled an alleged assassination attempt against Justice Brett Kavanaugh.
Ocasio-Cortez posted a video to her Instagram Stories on Thursday in which she claims to walk to the floor of the House of Representatives to object to unanimous consent for legislation, Newsweek reported.
The progressive “Squad” member said in the video that Thursday was a “fly out day” when many members of Congress left Washington, D.C., for their home districts.
Despite being an advocate of “civility,” “decency,” and “unity” in the past, Rep. Chrissy Houlahan (D-Pa.) has apparently been so radicalized by her caucus that she now says the Republican Party is “diseased” and must be “cleansed.”
“This is, in my opinion, a diseased Republican Party. And it needs to be cured and cleansed,” Houlahan said on the Daily Beast‘s The New Abnormal podcast last month. “So the stakes of having a Republican, as an example, in my seat are more than just policy differences. They are democracy, in my opinion.”
The GOP is “diseased” and must be “cleansed?” Where have you heard such rhetoric before? It bears a shocking
On Wednesday, President Joe Biden told television host Jimmy Kimmel in an interview that he is considering signing an executive order to protect abortion in the event the United States Supreme Court overturns Roe v. Wade. This comes after a leaked draft opinion from the Court case Dobbs v. Jackson Women’s Health Organization showed the Justices poised to overturn Roe.
“I think if the Court overrules Roe v. Wade and does what its draft –”
“Well, we fear they will,” Kimmel interjected.
“Well, if that occurs, I think we have to, we have to legislate it. We have to make sure we pass legislation making it a law, that is,
A senior software engineer at Google who signed up to test Google's artificial intelligence tool called LaMDA (Language Model for Dialog Applications), has claimed that the AI robot is in fact sentient and has thoughts and feelings.During a series of conversations with LaMDA, 41-year-old Blake Lemoine presented the computer with various of scenarios through which analyses could be made.They included religious themes and whether the artificial intelligence could be goaded into using discriminatory or hateful speech. Lemoine came away with the perception that LaMDA was indeed sentient and was endowed with sensations and thoughts all of its own.
The National Park Service announced last week that Yellowstone National Park’s Mount Doane would be renamed First Peoples Mountain. The agency said Thursday the change was taken to remove an “offensive name” from America’s first national park.The US Board on Geographic Names voted unanimously, 15-0, affirming the decision. The Wyoming mountain stands at 10,551 feet east of Yellowstone Lake. The mountain was previously named after explorer Gustavus Doane.
The case of Aaron Rodgers’ alleged new girlfriend Blu of Earth took a turn Thursday night when Blu fired up Instagram Story to clarify a couple of items that were reported when news broke of their relationship.
A tipster told Awesemo Side Action that Blu of Earth identified as a "witch" and also claimed, "she’s a medicine woman."
Ex-Fox News personality-turned-NewsNation political editor and Fox critic Chris Stirewalt broke news when he told anchor Adrienne Bankert that he’s been called to testify before the Jan. 6 committee on Monday. Stirewalt has become a frequent and vociferous critic of his former employer and its handling of the Jan. 6 attack on the Capitol, and now he’ll take the witness chair at the bombshell hearings investigating that attack. On Friday morning’s edition of NewsNation’s Morning In America with Adrienne, Bankert asked for Stirewalt’s take on Thursday night’s hearing but got a big scoop instead. “I should first disclose, I should
Comments:
The Biden economic disaster marches on.