US economic growth last quarter is revised
down from 1.6% rate to 1.3%, but consumers
kept spending
Posted By: Mizz Fixxit, 5/30/2024 9:44:26 AM
Washington — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1.6% rate last quarter. The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.
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Mizz Fixxit"
US economic growth last quarter is revised
down from 1.6% rate to 1.3%, but consumers
kept spending 16 replies
down from 1.6% rate to 1.3%, but consumers
kept spending 16 replies
Washington — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1.6% rate last quarter.
The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.
Vulnerable Dem senator hit with blistering
ad as record on key issue faces scrutiny:
'F- rating' 4 replies
ad as record on key issue faces scrutiny:
'F- rating' 4 replies
Businessman Bernie Moreno, running for Senate as a Republican against incumbent Democratic Sen. Sherrod Brown, released a blistering ad on Wednesday hammering the longtime Democrat on his ties to President Biden's agenda and alleged weakness on immigration. "Biden's politics now are not much different than mine," a video of Brown from a 2021 interview, said in his own words at the start of the video, before claiming that "Sherrod Brown shares Biden's open border agenda."
The ad goes on to say that Brown "refused to fund efforts to detain and deport criminal illegal immigrants convicted of a crime" citing a 2021 roll call vote on Senate Amendment 3742.
Mark Houck‘s life was changed forever in the fall of 2022 after he was arrested at gunpoint in front of his family following an investigation into his anti-abortion activism outside a Planned Parenthood clinic in Philadelphia.
After the Pennsylvania-based Catholic father’s acquittal by a jury in January 2023, Houck is demanding accountability for the Department of Justice in a new lawsuit filed this week. The complaint names six police officers, including four unknown officers, that aided the FBI’s investigation and execution of the “needless” raid of Houck’s home, his attorney Matt Britton told the Washington Examiner.
President Biden repeated a claim about turning down an appointment to the U.S. Naval Academy, where he purportedly wanted to play football, during his commencement address at West Point on Saturday. Biden told West Point graduates that Republican Sen. J. Caleb Boggs, whom he defeated to become a U.S. senator, had "appointed" him to the Naval Academy years before they ran against each other in 1972.
The president recounted that before his interview, "I found out two days earlier they had a quarterback named Roger Staubach, and a halfback named Joe Bellino. And I said, I'm not going there. I went to Delaware. Not a joke."
Professional golfer Grayson Murray, 30,
dies after withdrawing from Charles Schwab Challenge 9 replies
dies after withdrawing from Charles Schwab Challenge 9 replies
Professional golfer Grayson Murray has died. He was 30 years old. Murray's death comes after he withdrew Friday during the second round of the 2024 Charles Schwab Challenge, citing an illness.
"We were devastated to learn -- and are heartbroken to share -- that PGA Tour player Grayson Murray passed away this morning. I am at a loss for words," said PGA Tour commissioner Jay Monahan in a statement. "The PGA Tour is a family, and when you lose a member of your family, you are never the same. We mourn Grayson and pray for comfort for his loved ones.
Washington—A Senate border bill that was previously blocked by Republicans is seeing dwindling support among members of both parties ahead of another expected vote this week.
During its last floor vote in February, the legislation failed to advance in a 49-50 vote due to opposition from both Democrats and Republicans. It would need 60 votes to overcome the filibuster threshold.
As Senate Majority Leader Chuck Schumer (D-N.Y.) forges ahead with another vote on the legislation planned for May 23, details about which amendments, if any, will be allowed remain unclear.
ESPN reporter Jeff Darlington may have the only footage of Scottie Scheffler’s arrest at the PGA Championship as Louisville, Kentucky, Mayor Craig Greenberg said there was no police body cam footage of the early Friday morning incident. Scheffler was booked into the Louisville Department of Corrections and was charged with second-degree assault of a police officer (a felony), criminal mischief, reckless driving and disregarding signals from an officer directing traffic. He allegedly drove past a police officer who was directing traffic and failed to stop when directed.
The parade of GOP leaders appearing outside the New York City courthouse where former President Donald Trump is on trial is "a little embarrassing," Sen. Mitt Romney, R-Utah, said Wednesday.
"I think it’s a little demeaning to show up in front of a courthouse particularly one where we’re talking about an allegation of paying a porn star," Romney told reporters before a Senate Foreign Relations Committee meeting in Washington. The former president is on trial for allegedly falsifying business records to cover up a hush money payment to porn star Stormy Daniels amid the 2016 presidential election.
CHICAGO -- A former warehouse assistant for the Augusta National Golf Club in Georgia pleaded guilty Wednesday to transporting millions of dollars worth of stolen Masters memorabilia and historic items, including one of Arnold Palmer's green jackets.
Richard Globensky, of Georgia, made his initial court appearance in federal court in Chicago, where he entered the plea.
Federal prosecutors said the 39-year-old would take items from the warehouse and transport them to another party in Florida for sale online. The scheme went on for nearly a decade, and Globensky made roughly $5 million from the sales.
When people gripe about paying taxes and the government being a poor the absolute worst possible capital allocator, this is what they are talking about: $7.5 billion in investments for electric vehicles has - in two years - produced just 7 charging stations across four states.
The Bipartisan Infrastructure Law, signed by Biden in November 2021, allocated $7.5 billion for EV charging, the Washington Post writes. Of this amount, $5 billion went to states as "formula funding" for the National Electric Vehicle Infrastructure program to establish a network of fast chargers along major highways.
Gold bars, basement carpeting and more.
Here’s what prosecutors say bought off
a US senator 9 replies
Here’s what prosecutors say bought off
a US senator 9 replies
Democratic Sen. Bob Menendez of New Jersey faces his second, distinct bribery and corruption trial in seven years starting Monday.
This new case is a complicated affair involving multiple gold bars, envelopes of cash, a Mercedes and a lot more that, prosecutors say, the powerful former chairman of the Senate Foreign Relations Committee and his new wife (they got married during the alleged bribery scheme) obtained in exchange for helping a halal meat monopoly, granting favors for people from Egypt and Qatar and trying to influence a New Jersey prosecution.
A teenage anti-Israel agitator who police say defaced a World War I memorial in New York City earlier this week has been arrested and charged after his father turned him in to police Thursday night, the NYPD says.
The 16-year-old boy is accused of defacing the 107th United States Infantry monument, located along Central Park on the Upper East Side, by spray-painting "Gaza" in red across the base of the structure.
Most Active Articles (last 48 hours)
NEW YORK—Former President Donald Trump was found guilty of 34 felony counts of falsifying business records, as a jury of 12 unanimously returned their verdict on May 30 after less than two days of deliberation. With this result, President Trump becomes the first ever American president to be convicted of a crime.
As the verdicts were read, President Trump sat still, appearing stoic, and looked straight ahead.
President Trump’s attorney has previously vowed to appeal a conviction expeditiously.
First Lady Jill Biden said Wednesday on ABC’s “The View” that we will “lose all of our rights” if another Republican is confirmed to the Supreme Court.
Sara Haines said, “Women are likely to play a crucial role in November and we’ve heard bragging about stripping women’s reproductive rights, 14 states have a total ban on abortion, and now IVF is under attack. How dangerous a time is this for women, and how much worse could it get in a second or third as you mentioned Trump presidency?”
Biden said, “It could get a lot worse under a Trump presidency. I mean,
Donald Trump becomes the first ever former President of the United States to be convicted of a crime.
A unanimous New York jury found him guilty on all 34 counts of illegally trying to cover up a $130,000 payment to porn star Stormy Daniels to stifle a sex scandal that he feared would derail his 2016 presidential campaign only days before America went to the polls.
Paying the hush money was not in itself illegal but the prosecution successfully argued that it was designed to influence the outcome of the election — a violation of election laws and, argued the prosecutors, the underlying crime.
Former president Donald Trump was convicted on Thursday by a New York jury on 34 felony charges for falsifying business records, making him the first president in U.S. history to become a convicted felon.
Over the past six weeks at the state courthouse in lower Manhattan, the prosecution sought to demonstrate that Trump, his former fixer and attorney Michael Cohen, and National Enquirer publisher David P* participated in a conspiracy to defraud voters ahead of the 2016 presidential election by paying off women to conceal embarrassing stories about the then-presidential candidate’s sexual history without properly recording those payments as campaign-finance expenses.
Robert De Niro doesn't care about the Donald Trump 'haters' who 'spewed vulgarities' at him - and isn't worried that his absolute loyalty to President Joe Biden will stop him getting any more jobs at age 80.
The acclaimed movie star was heckled by Trump's loyal supporters earlier this week while he was making a speech against the former President outside of the 77-year-old's hush money criminal trial in New York City.
Now, a source has told DailyMail.com exclusively that Robert has no plans to 'stand down' and will 'continue to fight for his convictions.'
Speaking to reporters at the White House Friday afternoon, President Joe Biden announced a new ceasefire proposal to keep Hamas in power and vowed the American taxpayer will pay to rebuild the Gaza Strip. Five Americans are still being held hostage by the Iranian backed terrorist organization. "In phase three a major reconstruction plan for Gaza would commence," Biden said. "The United States will work without partners to rebuild homes, schools and hospitals in Gaza -- to repair communities destroyed in the chaos of war."
Robert De Niro doesn’t suffer from ‘Trump
Derangement Syndrome’, he’s just a
vile individual 22 replies
Derangement Syndrome’, he’s just a
vile individual 22 replies
Most thought that Robert De Niro’s “performance” in the title role as Dirty Grandpa, where he played a lecherous, unhygienic, and maniacal grandfather, was his worst.
But De Niro managed the seemingly impossible by stooping deeper into the bowels of self-humiliation that made Dirty Grandpa seem like Citizen Kane. This is when he had myriad unhinged foulmouthed public outbursts and made violent threats at various events.
His target was democratically-elected President Donald Trump. De Niro’s utterances once again proved that profanity is the last resort of the vacuous. As expected, the madness was cheered in the liberal echo chambers of Hollywood and D.C.
One of Joe Biden’s handlers was obviously
Retiring West Virginia Senator Joe Manchin is leaving the Democratic Party and has formally registered in his state as an independent, stoking speculation he may run for elected office again in November.
“Today, our national politics are broken and neither party is willing to compromise to find common ground,” Manchin said in a statement issued shortly after West Virginia radio host Hoppy Kercheval broke the news. “To stay true to myself and remain committed to put country before party, I have decided to register as an independent with no party affiliation and continue to fight for America’s sensible majority.”
Either you’re willing to jail Democrats on the same terms they’re using to jail Trump, or you’re merely controlled opposition.
The conviction of former President Donald Trump on manufactured charges in a Stalinist show trial this week marks a crossroads for the Republican Party. From now on, the civil war inside the GOP will be between those who understand they must do to Democrats what Democrats have done to Trump, and those who think they can trundle along with business as usual.
Century-old Joshua trees in the California desert will be cleared to make way for clean energy. The 2,300-acre solar project is going up near near Boron, in Southern California, according to the Los Angeles Times. The area of Kern County from which the project is slated has a poverty rate twice that of the state’s average. The solar farm will generate intermittent power for 180,000 homes in wealthier coastal neighborhoods. Besides the destruction of old trees, the residents living near the project say county and state officials who approved the project have ignored their other concerns about construction dust and impacts to endangered desert tortoises have been ignored
Biden gives Ukraine permission to carry
out limited strikes within Russia using
US weapons 20 replies
out limited strikes within Russia using
US weapons 20 replies
President Joe Biden has given permission to Ukraine to strike inside Russian territory with American munitions, though he has restricted their use so Kyiv can only hit targets over the border close to Kharkiv after Russia made significant advances around the city in the northeastern part of the country close to the Russian border, two US officials told CNN.
“The president recently directed his team to ensure that Ukraine is able to use US supplied-weapons for counterfire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them,” one of the officials said.
It was Christmas in May for Hollywood celebrities after a jury in deep blue New York City voted to convict former President Donald Trump on all 34 counts in his business records case.
While an appeal is a certainty — “This is far from over,” Trump said following the verdict — the stars nevertheless rushed to celebrate the case, which was brought by Soros-funded Manhattan DA Alvin Bragg (D), who was present in the courtroom on Thursday.“Tears of joy,” an emotional Kathy Griffin wrote.
“God Bless New York City!!!” an ecstatic Ellen Barkin tweeted.
Comments:
First quarter GDP revised down. No one on this site is surprised.