Federal Reserve hikes key interest rate
to highest level in 22 years
Posted By: Dreadnought, 7/26/2023 3:15:20 PM
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. The central bank concluded a two-day policy meeting on Wednesday by announcing that it is raising the federal funds rate by a quarter of a percentage point, lifting the Fed's target rate to between 5.25% and 5.5%. The Fed left the door open to further rate hikes this year, with Chair Jerome Powell telling reporters in a news conference that additional tightening is possible unless inflation continues to cool rapidly. "What our eyes are telling us is policy
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New York Times: US officials search for
hidden Chinese malware that could affect
military operations 7 replies
hidden Chinese malware that could affect
military operations 7 replies
US officials are searching for Chinese malware hidden in various defense systems that could disrupt military communications and resupply operations, The New York Times reported Saturday.
The administration believes malicious computer code has been hidden inside “networks controlling power grids, communications systems and water supplies that feed military bases,” officials told the Times. The discovery has heightened concerns that hackers could “disrupt US military operations in the event of a conflict,” according to the Times. The two nations have been increasingly at odds over Taiwan as well as over China’s actions in the Indo-Pacific.
One congressional official told the newspaper that the malware was “a ticking time bomb” that could allow China
Former President Donald Trump was in Iowa on Friday, along with some of the other Republican candidates for president in 2024, at the Iowa GOP Lincoln Day Dinner event. Trump wrapped up the night, and several other candidates spoke before him.
Florida Gov. Ron DeSantis spoke out against Bidenomics and cracked a joke about the cocaine in the White House, indicating that it never would have happened, had he been in the White House.
As we reported earlier, things didn’t go well for former Texas congressman and now almost unknown candidate, Will Hurd. He took a jab at Trump, saying Trump wasn’t running to make America Great Again, but to stay out
President Joe Biden forgot to sign an executive order as “The Washington Post March” was playing him out after he delivered remarks on “Bidenomics” in Auburn, Maine, on Friday.
“God bless you all, and may God protect our troops. Thank you very much,” Biden concluded before going to shake hands.
After a few moments, Biden made his way away from the crowd and said, “I’m coming back to shake your hands, but I forgot to sign the order. All that talk and no action.”
The executive order is on “federal research and support of domestic manufacturing in the United States,” he said.
Another aide to Donald Trump has been charged in the Mar-a-Lago classified documents case.
Carlos De Oliveira, Mar-a-Lago's head of maintenance, has been named as the third defendant alongside the former president and his valet Walt Nauta.
In addition, prosecutors are piling more charges on former President Donald Trump. They are additional charges related to obstruction of justice and willful retention of national defense information. Special Counsel Jack Smith's team added them to the existing indictment Thursday evening.
A series of internal Facebook emails obtained by the House Judiciary Committee confirm that the Biden White House placed significant pressure on the company to crack down on “misinformation” related to the Covid pandemic in early 2021.
The emails, released publicly by committee chairman Jim Jordan on Thursday, suggest that in some cases Facebook and Instagram complied with the White House’s content-moderation requests in order to avoid public and private backlash.
One April 2021 email sent by a Facebook employee on behalf of Meta CEO Mark Zuckerberg and COO Sheryl Sandberg acknowledged that, “We are facing continued pressure from external stakeholders, including the [Biden] White House.”
Trump lawyers told to expect indictment
of former president as grand jury meets
in D.C. court 16 replies
of former president as grand jury meets
in D.C. court 16 replies
Lawyers for Donald Trump were told Thursday by prosecutors to expect an indictment against the former president in connection with his efforts to reverse his loss in the 2020 election, NBC News reported.
Trump's lawyers Todd Blanche and John Lauro met Thursday morning in Washington, D.C., with prosecutors for Department of Justice special counsel Jack Smith and were informed of the planned indictment, according to NBC. At around the same time, the grand jury that could soon vote on criminally charging Trump assembled in Washington federal court.
Multiple members of that panel were seen entering the E. Barrett Prettyman Courthouse at around 8:30 a.m. ET, NBC reported.
Bud Light parent company Anheuser-Busch announced it will be slashing 2 percent off its employment roster, or nearly 400 positions, in an attempt to “simplify and reduce layers within its organization.”
“Today we took the very difficult but necessary decision to eliminate a number of positions across our corporate organization,” Anheuser-Busch chief executive Brendan Whitworth noted in a written statement. “While we never take these decisions lightly, we want to ensure that our organization continues to be set for future long-term success.”
Whitworth elaborated that frontline workers including “brewery and warehouse staff, drivers, and field sales, among others” would not be in the crosshairs
Hunter Biden could face new federal charges related to his failure to register as a foreign agent while he was cutting lucrative deals with Ukraine, China and other countries where his politically powerful father held sway.
Prosecutors Wednesday said there is an ongoing probe of President Biden’s son that potentially includes offenses related to the Foreign Agent Registration Act, or FARA.
Prosecutors made the statement during a federal court proceeding where Hunter Biden was slated to plead guilty to two misdemeanor tax charges and agree to a deal to spare him a felony gun charge.
It is a small study, but a very disturbing one.
We keep being told that injury to the heart from the COVID vaccine is very rare, but a study done in Basel Switzerland indicates that the rate of subclinical myocarditis after the COVID vaccine is hardly rare at all.
In fact, in a study with only 777 participants with a median age of 37--all medical professionals getting the COVID vaccine–the incidence of elevated cardiac enzymes 3 days after injection was pretty substantial, at almost 3%.
The CDC did a study and from that, they claimed the rate was 0.001%, or one out of 100,000.
2.8% is a lot higher than 0.001%. Another 0.3%
On Wednesday, Hunter Biden appeared in federal court in Delaware to plead guilty to two misdemeanors for failing to pay millions in federal taxes and to accept a pre-trial diversion agreement on a gun charge, all in exchange for two years probation with no jail time. The sweetheart plea deal that was widely panned by experts fell apart in court and was ultimately rejected by the judge, forcing Hunter Biden to plead “not guilty.”
Suddenly, the president’s son’s “Get Out of Jail Free” card was gone, and the Democrats’ hopes of putting the Hunter Biden saga behind them were dashed. This is certainly going to be a huge problem for Democrats
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years.
The central bank concluded a two-day policy meeting on Wednesday by announcing that it is raising the federal funds rate by a quarter of a percentage point, lifting the Fed's target rate to between 5.25% and 5.5%.
The Fed left the door open to further rate hikes this year, with Chair Jerome Powell telling reporters in a news conference that additional tightening is possible unless inflation continues to cool rapidly. "What our eyes are telling us is policy
Hunter Biden pleaded not guilty to misdemeanor tax charges in a federal courtroom in Delaware Wednesday after U.S. District Court Judge Maryellen Noreika put a plea deal his lawyers had reached with prosecutors on hold.
In June, Biden was charged with felony gun possession and two misdemeanor counts of failing to pay taxes in 2017 and 2018. The original deal included a recommendation of probation for the tax violations, while the gun charge for illegally owning a Colt Cobra .38 Special handgun would be dropped and potentially wiped from Biden’s record if he met certain conditions laid out in court.
Noreika described the deal
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LeBron James' I Promise School, located in Akron, Ohio, is currently facing severe criticism from members of the Akron Public School Board due to a troubling revelation. Recent reports have disclosed that this year's incoming 8th-grade class has not produced a single student who passed the state math test in over three years.
The shocking news left board member Valerie McKitrick astonished as she expressed her disbelief, saying, "Not one? In three years?" (snip) These students now find themselves testing in the bottom 5% in the entire state.
Martha’s Vineyard law enforcement appears to have left a significant void in the details surrounding the tragic drowning of Obama’s private chef, Tafari Campbell.
The call log of the 911 distress call, received on the night of the accident, conspicuously omits the reason for the call, Daily Mail reported. Tafari Campbell, 45, met his tragic end while paddle boarding on Great Edgartown Pond, Martha’s Vineyard, on Sunday night. He was reportedly not alone, but local police have yet to disclose the other person’s identity.
Republicans reacted with fury to the 'coincidental' timing of a bombshell new indictment against former President Donald Trump.
Special Counsel Jack Smith's team of prosecutors added additional charges in to the 32-count indictment the former president was already facing for keeping classified documents at his Mar-a-Lago estate Thursday evening.
Among the new charges are allegations that the former president allegedly told aides to 'wipe' security footage from his Florida club's server as a way to foil investigators probing the removal of classified documents from the White House.
Residents of a Chicago-area neighborhood frustrated by the disruptive behaviors of illegal migrants at a local shelter sounded off to city leaders this week.
Neighbors said they "no longer [had] any tolerance" for migrants who were loitering, engaging in late-night partying, prostitution, littering and even fighting with community members, CBS2 Chicago reported. Distraught residents told city officials in attendance that the migrants' behavior made them feel unsafe. "I would ask you all to go out there (Snip) One local man threatened that if they didn't address the issue, neighbors would take it into their own hands.
Be afraid. Be very, very afraid. United Nations chief Antonio Guterres on Thursday night rolled out some of his most apocalyptic climate rhetoric to date declaring “the era of global warming has ended, the era of global boiling has arrived.”
He went on to lament how “terrifying” it is seeing children “swept away by monsoon rains, families running from the flames, workers collapsing in scorching heat.”
The veteran Portuguese socialist painted his picture of a world in peril during a streamed speech from U.N. headquarters in New York, returning once more to a theme of climate doom he has used almost without respite since he took office.
On Thursday, CNN hosts Poppy Harlow and Boris Sanchez blamed climate change for the recent surge in gas prices with the former saying that the surge in prices is a reason “to get it in check when it comes to climate change.”
On “CNN This Morning,” CNN Chief Business Correspondent Christine Romans stated, “There [are] a couple of things happening here: They’re still well below last year. Last year, at this time, we were hitting record highs, right? $4.30, last year, at this time, today, they’re $3.71. They’ve been jumping overnight. Some of these jumps have been pretty big.
Sen. McConnell says he plans to serve
his full term as leader despite questions
about his health 25 replies
his full term as leader despite questions
about his health 25 replies
Washington- Senate Republican Leader Mitch McConnell has repeatedly said he is “fine” since he froze up midsentence during a press conference on Wednesday. And now his office is trying to tamp down speculation that he might not fill out his term as leader because of his health.
In a statement, his office said McConnell appreciates the continued support of his colleagues and “plans to serve his full term in the job they overwhelmingly elected him to do.”
The statement, first reported by Politico, comes after McConnell, 81, has suffered health problems in recent months. At his weekly press conference, he froze and stared vacantly for about 20 seconds before
Joe Biden will retreat to his Rehoboth Beach compound in Delaware for the next 10 days while his corrupt DOJ works to jail Trump.
White House Press Secretary Karine Jean-Pierre told reporters about feeble Joe’s plans to hide in Rehoboth Beach during a gaggle aboard Air Force One on Friday.
“This evening the president will depart Maine en route to Rehoboth Beach, Delaware where he will remain over the next week,” Karine Jean-Pierre told reporters.
Biden is en route to Auburn, Maine to discuss how ‘Bidenomics’ is driving a manufacturing boom (try not to laugh).
So what happened to Obama’s chef?
21 replies
Barack Obama was “heartbroken” over the drowning of his chef Tafari Campbell, but has said nary a word about him since he drowned on Sunday. Sasha and Malia Obama flew off to California on Tuesday and Michelle, appropriately dressed in black, played tennis on Wednesday “but only for an hour.” (snip) There has been no obituary for Tafari in any paper, no notification of a funeral -- not even in his hometown paper of Dumfries, VA. (snip) Edgartown, MA police still have not identified the 911 caller, but one story revealed that it was a female.
Overheated
20 replies
This morning I take a crack at debunking the climate narrative and you won’t believe what they haven’t been telling us (Snip)
Surely you’ve seen all the climate hysteria lately, and probably seen lots of counter argument. But there are some things they haven’t been telling us, that are in themselves complete explanations for any increased world temperatures we might be living through this summer. It’s not carbon dioxide, as crypto-marxist, faux protest group “Extinction Rebellion” wants you to think:
Let’s meet the historic, record-shattering Hunga Tonga volcanic eruption of 2022, which I bet you never heard of.
Former President Donald Trump "may die in prison given his age" if he "is found guilty and does not strike some kind of a sentencing deal," Paul Collins, a legal studies and political science professor at the University of Massachusetts Amherst, said on Saturday.
In a new superseded indictment unsealed on Thursday, the Department of Justice's (DOJ) special counsel Jack Smith unveiled three additional criminal charges against Trump related to his alleged mishandling of classified documents and his alleged efforts to obstruct investigators' efforts to return them to the National Archives and Records Administration (NARA). Smith previously indicted Trump on 37 counts, including 31 counts of willful retention of
Joe Biden on Friday delivered remarks at Auburn Manufacturing Inc in Auburn, Maine.
Biden absurdly claimed, “Wages are up after being adjusted for inflation.”
Real wages are down 3% since Joe Biden was installed in January 2021.
He also claimed he cut the national debt by $1.7 trillion. This is a brazen lie.
Biden cracked a joke about an impeachment inquiry being floated by Speaker McCarthy and House Republicans.“Republicans may have to find something else to criticize me for now that inflation is coming down. Maybe they’ll decide to impeach me because it is coming down. I don’t know. I love that one, uh, anyway, that’s another story…” Biden said.