Fed again hikes interest rates by 75 basis
points in aggressive bid to fight inflation
Posted By: JackBurton, 9/21/2022 2:26:20 PM
The U.S. Federal Reserve raised interest rates by 0.75% for the third consecutive time as the central bank continues to try to tame multi-decade highs in inflation. The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% and 2.5%.
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JackBurton"
The U.S. Federal Reserve raised interest rates by 0.75% for the third consecutive time as the central bank continues to try to tame multi-decade highs in inflation.
The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% and 2.5%.
The armed attack this past week on an FBI office in Ohio by a supporter of former President Donald Trump’s who was enraged by the bureau’s search of Trump’s private residence in Florida was one of the most disturbing episodes of right-wing political violence in recent months. But it was hardly the only one. In the year and a half since a pro-Trump mob stormed the Capitol, threats of political violence and actual attacks ..... CORRECTION*
Mayor of Windsor, Ontario, Drew Dilkens, said in a press conference Thursday that Democratic Michigan Gov. Gretchen Whitmer offered to help remove protestors blocking the Ambassador Bridge for the past several days. (snip) The protest, called the Freedom Convoy, began in Ottawa and has since gone international.
“The State of Michigan and the governors’ office directly have offered to send over heavy equipment to help remove vehicles, to provide security, they’ve offered to do whatever is required to help end this blockade as well,” Dilkens said in the press conference.
Supreme Court Justice Stephen Breyer has not made an official announcement about retiring at the end of the current term but that hasn't stopped news of his departure from spreading like wildfire in Washington D.C. and around the country. Reportedly, Breyer is "upset" about the way the announcement was made and did not plan on breaking the news today.
The 1/6 Select Committee Witch Hunt
20 replies
For quite some time, Congress has ceded its constitutional power to legislate to the unelected administrative state -- at least when Democrats are both the congressional majority and hold the White House. Now, having ignored its true function, it seeks to expand its mandate to judicial powers. The Select Committee set up by Speaker Nancy Pelosi to investigate the January 6 riot has obviously determined that its mandate does not require a legislative purpose: It will act as a judicial branch, ...
WASHINGTON -- Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.
Trump Blasts Cuba's Communist
Government: I Back the People 100 Percent
in Their Fight for Freedom 7 replies
Government: I Back the People 100 Percent
in Their Fight for Freedom 7 replies
Former President Donald Trump is standing behind Cuban protestors in their quest for freedom from Castro's communist regime.
"Big demonstrations are breaking out in Cuba and Miami in protest of the Communist Cuban Government (although, today there are zero protesters in Cuba—you know what that means!). Don’t forget that Biden and the Democrats campaigned on reversing my very tough stance on ....
As Republicans across the country look to ban critical race theory, a controversial doctrine that highlights systemic racism as defining framework of U.S. history, Rep. Ilhan Omar (D-Minn.) rejected the idea that it is even being taught to public school students.Omar’s comments on Saturday follows Wisconsin Rep. Glenn Grothman (R) introducing legislation that would prevent public schools in Washington, D.C.
Johns Hopkins Doctor Dismisses
Walensky Fear-Mongering: 'Most Of The
Country Is At Herd Immunity' 17 replies
Walensky Fear-Mongering: 'Most Of The
Country Is At Herd Immunity' 17 replies
Dr. Marty Makary, a surgeon at Johns Hopkins Hospital, disputed CDC Director Dr. Rochelle Walensky's contention that COVID-19 variants could set back the march to herd immunity from COVID-19 during a Thursday afternoon appearance on Fox News' "The Story."Walensky on Wednesday called the various COVID-19 scariants, er, variants a "wild card" that could "reverse" the progress made so far.
Student responsible for racist graffiti
that was found in Albion College
dorm, officials say 23 replies
that was found in Albion College
dorm, officials say 23 replies
ALBION, MI — Albion College and the Albion Department of Public Safety say a student is responsible for racist graffiti found in a dorm last weekend.
Albion police brought the 21-year-old Black male in for questioning on April 6, according to Chief Scott Kipp. The student admitted to creating most of the graffiti, and video evidence from Albion’s Campus Safety Department confirms the statements made
How safe are the COVID vaccines? (updated)
16 replies
I'll bet you haven't heard this: more congenital anomalies/birth defects and emergency room visits were reported after getting a COVID vaccine in the U.S. than after any of the other 93 vaccine types in the CDC's VAERS database. And more deaths than 92 other vaccine types.
Here is how COVID vaccines rank among 94 vaccine types in terms of reported post-vaccine adverse effects.
At least four protesters have been stabbed after violence erupted between the Proud Boys and Black Lives Matter counter-protesters following the second Million MAGA March in Washington D.C. on Saturday.
The 15,000-strong crowd chanted ‘destroy the GOP’ as they listened to speakers such as conspiracy theorist Alex Jones and Rudy Giuliani’s star fraud witness Melissa Carona, who claimed Trump is the ‘best president we’ve ever had’.
Most Active Articles (last 48 hours)
Failed Gubernatorial Candidate Stacey Abrams claimed that a fetal heartbeat at 6 weeks is a fabrication and just a “manufactured sound” in a newly released video.
Georgia Democrat Stacey Abrams can be seen spouting lies and misinformation about fetal heartbeat alongside other speakers in an unearthed video.
“There is no such thing as a heartbeat,” Abrams claimed.
“It is a manufactured sound designed to convince people that men have the right to take control of a woman’s body away from her,” she said.
Michelle Obama plans for the world to see – and hear – more of her and her “earned wisdom” than ever before. To that end the former first lady announced Wednesday a six-city tour this fall promoting her new book, The Light We Carry: Overcoming in Uncertain Times, beginning mid-November in Washington, DC, and ending a month later in Los Angeles.
“I’m looking forward to making some new connections — and of course, seeing some familiar faces from the last tour,” she said in a joint statement released through her publisher, Crown, and tour promoter Live Nation.
Somewhere over the Rainbow, there’s a place where bluebirds sing, troubles melt like lemon drops, and I don’t have to write another gol durned story about idiots trying to hijack a cultural icon to make a silly point about LGBTQ people being “just like us.” We’re informed by Variety that Warner Brothers has decided to remake a film that will never be equaled or duplicated and, just to annoy me and others on the right, it will feature some kind of LGBTQ “representation.”
In this case, it’s the beloved children’s book, The Wizard of Oz, that was made into one of the most delightful films in history.
The House on Wednesday passed a bill to reform the Electoral Count Act in ways Liz Cheney and other proponents say would clarify that the vice president's role in counting electoral votes is purely ceremonial, and is meant to head off future efforts to try to overturn election results.
It cleared the chamber on a mostly party-line vote, 229-203, with nine Republicans joining all Democrats to vote for it, even as Republican leaders 'whipped' against the bill.
'This bill will prevent Congress from illegally choosing the president itself,' said Cheney (R-Wyo.), who coauthored the bill with Democratic Rep. Zoe Lofgren (Calif.),
The far-left state of California further embraced neo-paganism this week when Democrat Gov. Gavin Newsom signed a bill into law allowing the practice of composting dead human beings to better combat climate change.
Citing the high CO2 emissions associated with cremation, the bill will give people the option to give their dead remains over to a process known as natural organic reduction (NOR) should they not want to be buried or cremated.
“The process involves placing the body inside a long, reusable steel container along with wood chips and flowers to aerate it – allowing microbes and bacteria to break down the remains,” according to the Daily Mail.
The end is near. For Putin’s military options in Ukraine, that is. Wednesday in Moscow, Putin said he will call up reservists and hold political referenda in captured Ukrainian territory. And yet again, he threatened to use nuclear weapons if Russian territory is in danger.
Despite the scary language, Putin is not fooling anybody in NATO. Secretary General Jens Stoltenberg lost no time pointing out that Russia doesn’t have enough weapons to equip more troops. White House National Security Council spokesman John Kirby immediately said the speech showed Putin was struggling. And at the UN, President Biden denounced Putin’s war.
Putin’s biggest problem is that Russia is losing and Ukraine has
A Tesla Megapack battery caught fire at PG&E’s Elkhorn Battery Storage facility in Monterey County, California. A shelter-in-place advisory was in place for 12 hours due to fears of toxic smoke from the fire caused by Elon Musk’s battery system, with county officials announcing that even though the fire was “fully controlled” by 7:00 p.m. PT, “smoke may still occur in the area for several days.”
KSBW Action News 8 reports that a Tesla Megapack battery caught fire at the local utility company PG&E’s Elkhorn Battery Storage facility in Monterey County, California. The fire reported started at around 1:30 a.m. on September 20,
Bombshell allegations by FBI Special Agent Steve Friend contained in a whistleblower complaint filed late Wednesday with the Department of Justice inspector general reveal a politicized Washington, DC, FBI field office cooking the books to exaggerate the threat of domestic terrorism, and using an “overzealous” January 6 investigation to harass conservative Americans and violate their constitutional rights.
Friend, 37, a respected 12-year veteran of the FBI and a SWAT-team member, was suspended Monday, stripped of his gun and badge, and escorted out of the FBI field office in Daytona Beach, Fla., after complaining to his supervisors about the violations.
A diversity and inclusion training by the United States Air Force Academy in Colorado instructs cadets to use words that "include all genders" and to refrain from saying things like "mom" and "dad." The slide presentation titled, "Diversity & Inclusion: What it is, why we care, & what we can do," obtained by Fox News Digital, advises cadets to use "person-centered" and gender-neutral language when describing individuals.
"Some families are headed by single parents, grandparents, foster parents, two moms, two dads, etc.: consider ‘parent or caregiver’ instead of ‘mom and dad,'" the presentation states. "Use words that include all genders: ‘Folks’ or ‘Y’all’ instead of ‘guys’; ‘partner’ vs. ‘boyfriend or girlfriend.’"
Vice President Kamala Harris delivered another word salad on Tuesday as she incoherently explained where “community banks” are located.
“We invested an additional $12 billion into community banks because we know community banks are in the community, and understand the needs and desires of that community as well as the talent and capacity of community,” Harris said.
The vice president’s nonsensical remarks were made at Claflin University in South Carolina at an event with Education Secretary Miguel Cardona during a roundtable discussion with student leaders.
Harris was then mocked on social media as footage of her gaffe went viral.
National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci admitted Wednesday that he knew the “draconian” COVID-19 policies he pushed for would lead to “collateral negative consequences” for the “economy” and “schoolchildren.” Fauci’s comments came during day one of The Atlantic Festival, a three-day convention put on by the media outlet The Atlantic featuring speeches and interviews from prominent members of the media, the government and political activists.(Snip) “When you have a divisiveness in society where every time you say something, you have X number of people with social media looking to attack it, that adds to the understandable confusion when you’re dealing with an evolving
School District Defends Biological Male
‘Trans’ Teacher Wearing Large Prosthetic
Breasts to Class 23 replies
‘Trans’ Teacher Wearing Large Prosthetic
Breasts to Class 23 replies
A school district in Ontario, Canada, came out in defense of a biological male “transgender” teacher in the district who is donning massive prosthetic breasts at school.
Pictures and videos of the teacher, "Kayla Lemieux," began circulating on social media this week. Reportedly, Lemieux teaches at a high school and began identifying as a woman last year, according to The Post Millennial. [Tweet, video]
Chloe Cole, an ex-transgender teenager activist, posted an email from the school district that was sent to parents of Lemieux’s students to her 42,000 Twitter followers. [Tweet]
“We are aware of discussion on social media and in the media regarding Oakville Trafalgar High School.
Comments:
It's true that when Reagan successfully fought inflation, he allowed the markets to set interest rates even though that meant they rose sharply. Reagan also got oil from $35/bbl to $10, leasing lots of public land for the effort. He also instituted Supply Side Economics... getting rid of shortages. And he also got people working. He reined in the budget and spending. Biden is doing none of those things.