The US economy shrank in the second quarter
as sky-high inflation amplified recession fears
Posted By: Ebenezer, 7/28/2022 8:38:25 AM
The US economy contracted for a second consecutive quarter, intensifying concerns that elevated inflation and waning demand could drag the country into a new recession. The economy's gross domestic product shrank at an annualized rate of 0.9% through the three-month period that ended in June, the Commerce Department announced Thursday in a preliminary estimate. Economists surveyed by Bloomberg expected growth to hit a 0.5% pace. The print reveals the economy continued to shrink after the 1.6% contraction observed in the first quarter.
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The US economy shrank in the second quarter
as sky-high inflation amplified recession fears 13 replies
as sky-high inflation amplified recession fears 13 replies
The US economy contracted for a second consecutive quarter, intensifying concerns that elevated inflation and waning demand could drag the country into a new recession. The economy's gross domestic product shrank at an annualized rate of 0.9% through the three-month period that ended in June, the Commerce Department announced Thursday in a preliminary estimate. Economists surveyed by Bloomberg expected growth to hit a 0.5% pace. The print reveals the economy continued to shrink after the 1.6% contraction observed in the first quarter.
Sen. Susan Collins said Tuesday she would vote to confirm Judge Ketanji Brown Jackson to the Supreme Court, the only Republican senator to do so so far.
Collins, in an interview with The New York Times Tuesday, said that after a second, 90-minute interview with Jackson, she was assured that Jackson met her standards for serving on the nation’s highest court. If all Democrats also vote yes, Jackson would become the first Black woman on the court, fulfilling a promise made by Pres. Biden to nominate a Black woman to the court.
George Orwell's iconic novel 1984, written in 1949 about the horrors of censorship and the threat of authoritarianism, is being censored by a university. The University of Northampton in Orwell's own England has issued a trigger warning on the book, with staff claiming that the book contains "explicit material" and that some student may find the work to be "offensive and unsettling." The Daily Mail uncovered this via a Freedom of Information request, and 1984 is one of several books that have been slapped with a trigger warning for students at the university who are studying what's called Identity Under Construction.
Hall of Fame NHL player Bobby Orr has made his presidential preferences known, and he is endorsing President Trump. Not only is the famed defenseman endorsing the president for four more years, he took out a full page ad in the New Hampshire Union Leader to do it. “The attacks on our President have been unrelenting since the day he took office,” Orr wrote. Despite that, President Trump has delivered for all the American people, regardless of race, gender, or station in life.” Orr emphasized, “That’s the kind of teammate I want.” Correction*
WASHINGTON — Retired Congressman Sam Johnson, a conservative stalwart whose service to country spanned seven years as a prisoner of war and a long stint in the House, died Wednesday in Plano of natural causes. He was 89. The Plano Republican packed multiple careers into a life defined by endurance, patriotism and sacrifice. He served 28 years in Congress, from a special election in May 1991 to his retirement in January 2019, after 29 years as an Air Force fighter pilot. He saw combat in two wars — surviving torture and deprivation at the infamous Hanoi Hilton...
Since we’re all settled in now for The Great Hunkering and looking for things to do, you might want to spend four minutes watching Slow Joe Biden from his “virtual town hall” in Illinois a few days ago. The opening section of this clip shows his propensity for sheer confusion and befuddlement, but then in response to a question about the Endangered Species Act he goes off in into full Biden Loghorrea Mode.
A decision to affix an American flag graphic to the side of freshly painted Laguna Beach police cars is dividing residents who are alternately praising the image as patriotic or panning it as too aggressive. After hearing the criticism and acknowledging that the image they approved didn’t quite match the final results, officials agreed to reconsider their February decision to paint the Laguna Beach Police Department’s fleet of 11 squad cars.
Rupert Murdoch’s 21st Century Fox has spun off various television assets — including the Fox News Channel and Fox broadcast network — to form a new company that will be known simply as Fox Corp. The spinoff completed early Tuesday is part of a multi-pronged process that will culminate with the $71.3-billion sale of the rest of Murdoch’s entertainment company to Walt Disney Co. The company announced that it had finished the process of issuing shares in the new Fox Corp. to investors of 21st Century Fox.
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“Get ready for war!” read a message posted by China’s People’s Liberation Army (PLA) 80th Group over the US visit to Taiwan, as reported on Friday, July 29.
China’s Army’s war message over the potential US visit to Taiwan reportedly generated over 300,000 thumbs-up in just 12 hours, creating “high morale among Chinese soldiers” according to Global Times.
The message was posted on China’s social network Weibo, with pictures of the post since circulating on Twitter:
Rob Reiner has made many wild and unsubstantiated claims on Twitter. On Friday, he managed to top himself by declaring that Joe Biden is the best president in nearly 60 years.
The result has been widespread ridicule, with the term “Meathead” trending on Twitter late Friday. (“Meathead” refers to the dim-witted character Reiner played on the sitcom All in the Family).
Reiner, who was one of Biden’s biggest Hollywood fundraisers during the 2020 election, trumpeted his opinion while acknowledging that it goes against the prevailing popular sentiment. As Breitbart News reported, a recent Yahoo News/YouGov survey found that just one in five Americans want Biden to run for reelection in 2024.
President Joe Biden has tested positive for COVID-19, sending him back into isolation just three days after he was cleared to resume his duties. In a memo, Biden's physician, Dr. Kevin O'Connor said the president is experiencing no new symptoms and 'continues to feel quite well.' On Saturday afternoon, Bident tweeted: 'Folks, today I tested positive for COVID again. This happens with a small minority of folks. 'I've got no symptoms but I am going to isolate for the safety of everyone around me. 'I'm still at work, and will be back on the road soon.' Biden had tested negative for COVID on Tuesday following five days of isolation
There is perhaps no better example of a privileged, leftist elitist than the Duke of Sussex: aka Britain’s Prince Harry. He was born with a platinum spoon in his mouth and has lived a life so detached from reality that he can’t begin to relate to regular folks, yet he somehow feels empowered, or perhaps obligated, to lecture the rest of us after a caviar brunch and immediately prior to being whisked away with bodyguards in a limousine.
Add to the equation Harry’s apparently unavoidable penchant for condescension and pompousness, along with his complete betrayal of his family, and the prince
They Can't Let Him Back In
22 replies
The people who really run the United States of America have made it clear that they can’t, and won’t, if they can help it, allow Donald Trump to be president again. In fact, they made this clear in 2020, in a series of public statements. Simply for quoting their words in an essay for The American Mind, I was mercilessly mocked and attacked. But they were quite clear. Trump won’t be president at noon, Jan. 20, 2021, even if we have to use the military to drag him out of there.
“Anti-Trump hysteria is in the final analysis not about Trump.”
If the regime felt that strongly back then,
New York—As the monkeypox outbreak shows no sign of slowing in New York, Gov. Kathy Hochul declared a state disaster emergency on Friday. Hochul said this will allow the state to respond promptly and strengthen the ongoing efforts to confront monkeypox, as nearly 1,400 cases were reported in New York on Friday. Nearly 1,300 of those cases are in New York City. The executive order allows who is eligible to administer the vaccines, which includes EMS personnel, pharmacists and midwives. It lets physicians and nurse practitioners issue non-patient-specific standing orders for vaccines.(Snip)More than one in four cases nationwide are in New York State
I have no idea where the video came from, but I think it’s worth noting because it seems to show that the Democrat party has so successfully racialized America in the last 15 years or so that we are beginning to live out Charles Manson’s “Helter Skelter” madness. Manson’s dream was to destroy society, so it’s up to us to recognize what’s going on and fight back against this almost apocalyptic racial division.
The video is a simple one: Someone inside a busy urban venue (it seems like a coffee shop) is filming a brutal beatdown on the street outside. Two young Black men are attacking an older White man.
A group of Leftists activists are calling on Justice Clarence Thomas to resign or be impeached from the Supreme Court. [Tweet]
MoveOn along with Demand Justice, both Leftist activist organizations, started a petition and called on Thomas to either resign or be impeached because after the Supreme Court overturned Roe v. Wade they fear that SCOTUS will next overturn “gay rights and contraception rights,” according to MoveOn.
MoveOn also stated on its site that “Thomas voted against a Supreme Court decision to compel the release of Donald Trump’s records regarding the January 6 insurrection and attempt to overturn the results of the 2020 presidential election,”
Hershey warns of Halloween candy shortage
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Hershey Co (HSY.N)said on Thursday it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers.
Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil and other food ingredients, pinching production lines of packaged food companies around the world.
Hershey Chief Executive Officer Michele Buck said those issues, along with the company's focus on meeting demand during non-holiday periods, would lead to a likely shortage during Halloween, but added that sales will still top last year.
With mail-in ballots becoming a feature of all future elections, the United States government, specifically the United States Postal Service (USPS) is now creating a permanent division inside USPS to control the delivery and return of the election ballots. Do you know the political affiliation of your mail courier? As often said, it’s not the vote that matters, it’s the counting….or in this instance, the collection of the votes that really matters.(Snip)Keep in mind the union representing 300,000 U.S. postal workers previously endorsed Democrat Joe Biden for president. The National Association of Letter Carriers, is a fully compromised left-wing division of the USPS.
The U.S. government has reached a new deal with Moderna for 65 million additional COVID-19 vaccine doses, the Biden administration announced on July 29.
The deal is valued at $1.7 billion.
Moderna will sell doses of its vaccine that target Omicron subvariants, according to the agencies that announced the agreement. The actual contract has not yet been made public.
Moderna and other vaccine makers have been updating their COVID-19 vaccine formulations because the vaccines are based on the Wuhan strain, which has not been prevalent since 2020. The vaccines have proven increasingly worse at protecting recipients as newer variants emerge.
MSNBC contributor Donny Deutsch said Friday on MSNBC’s “Deadline” that to win the majorities in November, Democrats have to “scare the hell out of people” by saying Republicans are “crazy fascists.”
Anchor Nicolle Wallace said, “There’s a direct line between the ideology and the current Homeland Security issued warning of an uptick in threats of domestic violent extremism. It’s around the grievances over the election, and I think in Pennsylvania, you’ve seen some of the extremist groups marching openly in broad daylight on the streets. I don’t know that anybody, except the militia groups themselves, wants to live in that country. How do you, in your view,