Fed chair Jerome Powell says Americans
should expect ‘pain’ in fight against inflation
Posted By: Ribicon, 8/26/2022 10:50:26 AM
Federal Reserve Chairman Jerome Powell said on Friday that American households and businesses can expect to experience “pain” as the central bank aims to bring down soaring rates of inflation. “Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance,” Powell told policymakers on Friday. “While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses.” Powell added: “These are the unfortunate costs of reducing inflation.” Powell told central bankers that the Fed will likely impose more interest rate hikes in the months ahead
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Ford is reportedly raising the price of the 2023 Mustang Mach-E electric vehicle by as much as $8,000 just a few weeks after increasing the price of its planned electric pickup truck the F-150 Lightning. Although the company blames inflation, supply chain problems, and “rapidly evolving market conditions,” the price hikes come just after Joe Biden’s climate and spending bill passed including electric vehicle rebates eerily similar to Ford’s price increases. The Verge reports that Ford is raising the price of the 2023 Mustang Mach-E just a few weeks after increasing the price of its electric pickup truck, the F-150 Lightning.
Former Attorney General Bill Barr said on Thursday’s installment of Bari Weiss’s “Honestly” podcast that he is tired of the “constant pandering” those on the right outraged by the FBI over the raid of Mar-a-Lago. Barr defended the DOJ and FBI’s handling of its ongoing investigation into former President Donald Trump allegedly storing government documents at his Florida residence.(Snip)Barr said, “Well, the Russiagate thing, I think, to the extent the FBI was misused was decisions made toward by high-level officials in the FBI. I don’t think that Chris Wray is that type of leader, nor do I think the people around Chris Wray are those types
Biden pulls out all the stops to boost
Obamacare, HHS to spend $100 million to
promote in 2023 17 replies
Obamacare, HHS to spend $100 million to
promote in 2023 17 replies
The Biden administration said Friday it is investing more money than ever—$100 million—in “navigators” who will raise awareness about Obamacare and link persons with coverage on the portals during the 2023 open enrollment period from Nov. 1 to Jan. 15. The money exceeds the $80 million spent on in-person assisters during the last enrollment season and will help the program retain its 1,500 navigators and add more, according to the Department of Health and Human Services. “This is a historic investment to connect people to high-quality, affordable health care,” HHS Secretary Xavier Becerra said. “Last year, our investments helped result in the lowest uninsured rate
Business owners in San Francisco's Castro neighborhood have threatened to stop paying taxes if woke politicians don't start cleaning up streets of litter and stopping people from openly taking drugs. In a letter to city officials earlier this month, The Castro Merchants Association said some of the homeless people in the streets outside their stores had been harassing customers and needed help.(Snip)'Our community is struggling to recover from lost business revenue, from burglaries and never-ending vandalism/graffiti (often committed by unhoused persons) and we implore you to take action.'(Snip)'If the city can’t provide the basic services for them to become a successful business, then
Federal Reserve Chairman Jerome Powell said on Friday that American households and businesses can expect to experience “pain” as the central bank aims to bring down soaring rates of inflation.
“Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance,” Powell told policymakers on Friday. “While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses.” Powell added: “These are the unfortunate costs of reducing inflation.” Powell told central bankers that the Fed will likely impose more interest rate hikes in the months ahead
Security guards at several high-end stores in the West Village and Soho say they feel like sitting ducks as thieves loot their stores in broad daylight with no consequences. The two NYC nabes—and their high-end shops—have become a target for enterprising robbers, like the group of seven men and women who sauntered into the Lululemon store on 14th Street and 9th Avenue around noon on Aug. 16 and made off with close to $30,000 in stolen goods. The gang grabbed clothing and other gear and stuffed them into large sacks and a shopping cart, walking nonchalantly by a security guard who appeared on video to do nothing
Washington—Pfizer’s COVID-19 pill appears to provide little or no benefit for younger adults, while still reducing the risk of hospitalization and death for high-risk seniors, according to a large study published Wednesday. The results from a 109,000-patient Israeli study are likely to renew questions about the U.S. government’s use of Paxlovid, which has become the go-to treatment for COVID-19 due to its at-home convenience. The Biden administration has spent more than $10 billion purchasing the drug and making it available at thousands of pharmacies through its test-and-treat initiative.(Snip)But people between the ages of 40 and 65 saw no measurable benefit,
The United States is facing a looming crisis of utility shutoffs, with a record number of households falling behind on their power bills, industry observers and experts say. About 20 million US households, or one out of six homes, are behind on their utility bills, the most on record, according to the National Energy Assistance Directors Association (Neada). 'I expect a tsunami of shutoffs,' Jean Su, a senior attorney at the non-profit Center for Biological Diversity, which tracks the power industry, told Bloomberg this week. Electricity prices have soared due to rising costs for natural gas, which has skyrocketed following Russia's invasion of Ukraine in late February.
Facebook CEO Mark Zuckerberg has revealed how the platform used an algorithm to suppress the Hunter Biden laptop story when it first surfaced in 2020. During Thursday's Joe Rogan Experience Zuckerberg addressed the issue of media censorship and was asked by Rogan how Facebook handles controversial news topics. Zuckerberg explained how although the platform did not completely block the story like Twitter, it was still pushed down users newsfeeds for as long as a week until more information came down that would indicate whether the story was true or not.(Snip)Basically the background here is the FBI, I think basically came to us—some folks on our team and was like,
The devastation along Lake Street in Minneapolis that followed George Floyd's murder in 2020 has attracted millions of dollars of public and private money to rebuild the distinctive urban corridor.
But U.S. Secretary of Transportation Pete Buttigieg was in town Thursday to reinforce the role that public transit plays in the rebuilding. And he pointed to the federal government's $12 million grant to help Hennepin County upgrade the thoroughfare and prepare it for a new arterial bus rapid transit route called the B Line that will debut in 2024. "So much of life and vibrancy of this corridor is the small business community," Buttigieg said, standing outside the Mercado Central marketplace
Prince Harry was spotted arriving for a flight on a private jet to set off for a one-day polo match—before the aircraft sat idling on the tarmac for at least 30 minutes as it waited for his staff to arrive in a gas-guzzling SUV to drop off his polo kit. The Duke of Sussex boarded the $9million Bombardier Challenger 600 at a Santa Barbara airport around 11am on Wednesday to head to the event in Aspen to compete in a round robin tournament. Harry, who regularly preaches his views about the 'climate crisis' hitting the world, arrived at the airport close to his $14million Montecito
Two people pleaded guilty on Thursday to a scheme to sell a diary belonging to President Joe Biden's daughter Ashley to conservative campaign group Project Veritas just before the 2020 election.
Aimee Harris, 40, and Robert Kurlander, 58, admitted in New York federal court that they took part in a conspiracy to transport stolen materials—including the diary—from Florida, where Biden had been living, to New York. The crime carries a maximum penalty of five years.(Snip)Harris, a single mother of two, moved into the rented home of a former boyfriend in July 2020—an address often used by recovering drug addicts.(Snip)The daughter of Joe
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Joe Biden was warned by the Treasury Secretary and his wife not to cancel student debt, but pressed ahead regardless on the urging of Kamala Harris, it has been claimed.
Treasury Secretary Janet Yellen argued that with inflation around a 40-year high, the cancellation of student loans could free up consumer spending and drive inflation higher, the New York Times reported.
Jill Biden, who works part-time as a college lecturer, also urged her husband to reconsider. She campaigned on free community college, but did not push for the cancellation of debt.
Who is really in charge?
Joe Biden on Friday ‘dropped by’ a meeting with state and local officials on Women’s Equality Day to discuss ‘abortion access’ for women following the Supreme Court’s decision to overturn Roe v Wade.
Biden decided to take a few softball questions from sycophantic reporters.
Then he dropped this gem as he called on a reporter…
“I’m sorry, I took control. I shouldn’t do that. I’m not allowed to do that,” said Biden as his handlers kicked out the press.
A curvy New Jersey elementary school teacher has been blasted for Instagramming her very tight work outfits.
The unnamed Pennsauken Township, New Jersey art teacher, shares multiple snaps of herself in skirts, dresses, jeans and tops that display her impressive derriere and boobs on her account @toyboxdollz, which has 900,000 followers.
In one video, the back of some children's heads are visible, but she otherwise appears to be posing in her empty classroom.
The teacher has many supporters, including rapper Fat Joe,
A bizarre assertion made by scientists in South Korea suggests that if the global population starts eating burgers and other food made out of earthworms, then world hunger would be greatly reduced.
The New York Post reports that Dr. Hee Cho of Wonkwang University led a research project which concluded that mixing cooked mealworms, or beetle larvae, with sugar can produce a substance that resembles and allegedly tastes like meat.
“Recently, eating insects has become of interest because of the increasing cost of animal protein, as well as the associated environmental issues,” Cho said in a press release after the project’s conclusion. “Insects are a nutritious and healthy food source
It seems like just yesterday that politicians would try to sway voters to come to their point of view and cast a vote for them. Things have changed. In the past week, Charlie Crist told conservative voters he wants nothing to do with them because they're evil; Kathy Hochul told Republicans to leave her state; and, in the culmination of this abuse, Joe Biden effectively affixed the label "fascist" to Trump's 74,216,154 voters (all of whom are actual human beings). Is it any coincidence that, in the same week, activists twice swatted Marjorie Taylor Greene?
Attorney and former Constitutional Law Clerk for Justice Gorsuch, Mike Davis, lays out three reasons why the DOJ’s actions in raiding President Trump’s Mar-a-Lago were unprecedented, not necessary, and not lawful.
Davis shared on FOX News today:
Yeah, so this affidavit, heavily redacted affidavit, it further evidences that this home raid on President Trump was unprecedented, it was unnecessary, and it was unlawful.
After nearly two years of talking about it, Joe Biden finally rolled out his student-loan forgiveness plan … and apparently nothing else. According to Axios, the White House didn’t bother to gather the data on eligibility, didn’t create a system which would check it, and has no system yet in place to fully complete the process.
Did Biden drop the ball again — or did he never expect to be allowed to run with it in the first place?
The agency doesn’t have income data for most of the 43 million Americans eligible for forgiveness, meaning around 35 million people — including Pell Grant recipients — will have to attest
Parents wonder: Does Biden's student debt
handout include college loans taken out
by moms and dads? 21 replies
handout include college loans taken out
by moms and dads? 21 replies
After President Biden announced his student loan handout plan on Wednesday, August 24, 2022, many parents immediately wondered about the status of the college loans they took out in their own names on behalf of their children.
Many moms and dads took out Parent PLUS loans, the federal loans available to parents of undergraduate students to handle college expenses not covered by financial aid.
Currently, at least 3.4 million Parent PLUS borrowers owe at least $87 billion, according to the Brookings Institute.
The exposition of the FBI’s behavior in the month of August has been something to behold. More recently, we learned that the FBI went to Facebook during the 2020 election and indicated that the Hunter Biden laptop story was Russian disinformation. In reality, the bureau had known since 2019 that the story was real because they themselves were in possession of the laptop. Prior to that, the big story has been the raid of Donald Trump’s Florida home, which has led to numerous court clashes as the government has sought to keep the details secret. On Friday, the affidavit was released, much to the chagrin of the powers that be. What it revealed
Ford is reportedly raising the price of the 2023 Mustang Mach-E electric vehicle by as much as $8,000 just a few weeks after increasing the price of its planned electric pickup truck the F-150 Lightning. Although the company blames inflation, supply chain problems, and “rapidly evolving market conditions,” the price hikes come just after Joe Biden’s climate and spending bill passed including electric vehicle rebates eerily similar to Ford’s price increases. The Verge reports that Ford is raising the price of the 2023 Mustang Mach-E just a few weeks after increasing the price of its electric pickup truck, the F-150 Lightning.
Friday’s unsealing of the affidavit tied to the FBI’s raid on former President Donald Trump’s Florida estate has raised more questions than answers.
West Palm Beach US Magistrate Judge Bruce Reinhardt had ordered the Justice Department earlier in the week to prepare a redacted version of the document in which authorities laid out their reasons for the controversial Aug. 8 search-and-seizure operation at Mar-a-Lago.
Friday’s unsealing came amid what Reinhardt called “intense public and historical interest” into the raid. The feds have described their probe as centering on the alleged mishandling of classified information, theft of government records and obstruction of justice.
The media may think their clever reporting is hiding Biden’s decline from the world, but the world is well aware of it. Particularly in Australia.
Sky News Australia host Andrew Bolt spoke with psychiatrist Tanveer Ahmed on his show and discussed Ahmed’s take on the cognitive condition of the leader of the free world.
They weren’t the only ones who noticed this strange behavior from Biden and things are just getting worse.
The New York Times published an article earlier this year on how “uncomfortable” Biden’s age is “for him, his team, and his party
Comments:
The international Marxixt cabal is putting the screws to the peasantry, and we're going to like it. Our governments will waste unimaginable sums of money with the intent of grinding us between the millstones of taxation and inflation, and destroying our wealth while taxing us on illusory increases in value caused by inflation, and we're going to like that too.