Fed Cuts Interest Rates By 25 Basis Points
as Dow Tanks by More Than 1,100 Points
– Longest Losing Streak Since 1974!
Posted By: ladydawgfan, 12/18/2024 6:38:07 PM
The Federal Reserve cut interest rates by 25 basis points or 0.25% – on Wednesday as the Down tanked by more than 1,100 points. The latest rate cut comes after the Fed slashed rates 25 basis points in November and 50 basis points in September. The benchmark rate is now between 4.25% to 4.50% CNBC reported: The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%,
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "ladydawgfan"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
ladydawgfan"
Someone acting for the president just made a decision that only a president can make and commuted the sentences of 37 of the 40 murderers on federal death row out of a sense of someone's moral imperative.
The Office of the President of the United States of America announced the commutations early Monday morning of Christmas week. A statement issued by the White House said the president was "guided by my conscience" to commute the death penalties for some of the worst of the worst offenders in America.
It begs the question of how consciously Joe Biden does anything these days
Honduran Came as Unaccompanied Minor,
Ordered Deported in 2010, Now Arrested
for Texas Murder 12 replies
Ordered Deported in 2010, Now Arrested
for Texas Murder 12 replies
HOUSTON, Texas — A Honduran migrant who entered the U.S. as an unaccompanied minor now faces a murder charge in Harris County, Texas. The man was ordered removed from the U.S. by an immigration judge in 2010 after failing to show up for scheduled hearings, according to Immigration and Customs Enforcement (ICE) officials.
The Gulf Coast Violent Offenders Task Force arrested 33-year-old Alex Mejia-Pineda in Huntsville, Texas, last week on a charge that he participated in the murder of Erik Eduardo Zavala-Flores, 28, according to Fox 26 Houston.
Prosecutors say Mejia-Pineda and co-defendant Alex Herrera Calderon, a 24-year-old U.S. citizen, shot Zavala-Flores in the parking lot of a bar
With former Sen. JD Vance's (R-OH) vice presidential win, a new political figure will have the opportunity to step into the spotlight and represent Ohio in Washington. The race to fill the open seat has become an anticipated contest, with potential candidates from both major parties vying for the chance to succeed Vance.
Republican Lt. Gov. Jon Husted recently paid a visit to President-elect Donald Trump’s Mar-a-Lago home with as rumors speculate he is the top candidate to fill the position.
According to state law, Ohio Gov. Mike DeWine (R) must appoint a Republican to fill Vance’s Senate seat until a special election is held in November 2026
At the heart of the Christmas story, nestled in the opening verses of two Gospels, lies the birth of Jesus, the long awaited Messiah. These words speak of a King born not in the grand halls of a world capital, but in the squalor of a manger—a place of vulnerability. As the angels proclaimed peace on earth, humanity was presented with the ultimate paradox: the Prince of Peace, born unexpectedly, in the midst of ongoing war and turmoil.
For centuries, the people of Israel had awaited the Messiah. Prophecies spoke of a leader—a descendant of David—who would reign with justice, righteousness, and power, establishing peace and ending war.
The Biden administration quietly rolled out a controversial new program aimed at providing LGBTQ+ education to students, including lessons on gender identity and sexual orientation, without requiring parental consent. The initiative is part of a broader push by the outgoing administration to advance progressive, woke education onto kids and indoctrinate them behind parent’s backs.
According to details of a grant, the Biden Administration handed out millions of dollars to researchers for an experimental program that lets students to participate in a paid 10-week long “intervention” designed to help LGBTQ-identifying kids “cope with the effects of minority stress.”
Larry the Cable Guy tore into Democrat Rep. Rosa DeLauro (CT) following her unhinged rant about House Republicans supposedly being "scared" of Elon Musk.
Let me repeat that. The guy who plays Mater — you know, like "tuh-mater," but without the "tuh" — is trying to break down simple concepts regarding congressional spending to a sitting congresswoman.
(Snip) Larry the Cable Guy, real name Daniel Whitney, often shies away from politics due to the toxicity level of the unhinged on social media but has been openly suggesting on X that both political parties need to break the resolution down into standalone bills.
He furthered that argument by addressing DeLauro's "lunatic behavior."
Bidenflation Is Still Exploding Food Prices
11 replies
We’ve been told for four years that inflation will soon stabilize and disappear thanks to Joe Biden’s awesome stewardship of the economy, and yet…
“Wholesale prices for chicken eggs soared by nearly 55% last month, and wholesale food prices rose by 3.1% (their highest monthly increase in two years),” reports far-left CNN.
Ahh, and because a Democrat is in office, we are then immediately told…
Economists say not to panic. The “egg-flation” and sudden price hikes in some major food categories are reflections of isolated incidents rather than something systemic and indicative of a reacceleration of inflation.
Economists always tell us not to worry when a Democrat is president.
On Second Thought: Newsom to Repeal Call
for Constitutional Convention After Trump Victory 5 replies
for Constitutional Convention After Trump Victory 5 replies
California and Gov. Gavin Newsom (D) are planning to repeal the 2023 call for a national constitutional convention, given Donald Trump’s recent victory and the possibility of Republicans proposing their own new amendments.
As Breitbart News reported last June, Newsom called for a constitutional convention to propose amendments to limit the Second Amendment, such as setting a minimum age of 21 for gun possession, and universal background checks.
But there were political obstacles, as Breitbart News noted:
[S]ince a two-thirds vote of Congress is generally required to launch the process of amending the Constitution, it is unclear how Newsom intends to begin if, as he says, Congress is responsible for inaction.
President Joe Biden appears to be struggling with the prospect of retiring from public life, according to a New York Times report published Tuesday.
After Democrats ousted him as their presidential candidate in July, Biden, 82, who has been a public official since 1973 (51 years), is not enjoying the prospects of sunsetting his over half a century long career at the center of American politics, the NYT’s Peter Baker and Zolan Kanno-Youngs reported.
Biden reportedly told allies after he dropped out of the race that he was bored, moody, and angry. He’s apparently angry because many Democrats opposed his pardon of his son.
Hill Leaders Slipped Scheme into Spending
Bill to Block, Stymie Investigations into Congress 11 replies
Bill to Block, Stymie Investigations into Congress 11 replies
Congressional leadership slipped a provision into the stopgap spending bill that would bar or stymie investigations into Congress.
Tucked within the stopgap spending bill is a provision that has enflamed controversy amongst many conservatives on and off Capitol Hill.
The provision, titled “Treatment of electronic services provided for House offices,” sounds vague but could could stop or limit investigations into Congress.
Part of the section states:
Upon a motion made promptly by a House office or provider for a House office, a court of competent jurisdiction shall quash or modify any legal process
An illegal alien is on the run in Florida after having been accused of filming himself raping a child in Martin County.
Jesus Tamanis-Peralta, a 37-year-old illegal alien from Mexico, is wanted by the Martin County Sheriff’s Office on charges of sexual battery of a child. He has an active warrant for his arrest.
According to police, Tamanis-Peralta fled Martin County when he discovered he was wanted by the sheriff’s office and is currently running from town to town. Tamanis-Peralta was last seen on December 12.
The allegations against Tamanis-Peralta are gruesome. According to police, he raped an 8-year-old, filmed the abuse, and recently started distributing the footage.
The Federal Reserve cut interest rates by 25 basis points or 0.25% – on Wednesday as the Down tanked by more than 1,100 points.
The latest rate cut comes after the Fed slashed rates 25 basis points in November and 50 basis points in September.
The benchmark rate is now between 4.25% to 4.50%
CNBC reported:
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years.
In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%,
Most Active Articles (last 48 hours)
President-elect Donald Trump said he would rename North America's tallest mountain reversing a change made by former President Obama while he was in office.
Speaking at a conservative TurningPoints USA conference in Phoenix, the 78-year-old said he would rename Alaska's Mount Denali to Mount McKinley after the 25th president.
'They took his name off Mount McKinley,' Trump told supporters on Sunday. He praised McKinley as a 'great president' and said his administration would bring back the name Mount McKinley 'because I think he deserves it.'
It comes after Obama sided with the state of Alaska in the long-running dispute over the highest mountain peak's name in 2015 and had it changed
New Yorkers were up in arms Monday one day after an illegal Guatemalan immigrant allegedly burned a sleeping straphanger to death aboard a Brooklyn subway train — while bystanders did nothing.
Horrifying video footage of the incident shows at least three gawkers — one of them seen filming the shocking fatal blaze on his phone — and an NYPD cop standing outside the subway car as flames engulfed the unidentified victim after the Sunday morning attack.“Nobody came to her aid,” said Guardian Angels founder and community activist Curtis Sliwa. “There’s no doubt that people don’t want to get involved. It’s the Daniel Penny factor. It’s frozen people.
Former President Clinton Hospitalized
28 replies
Those of us gray-haired folks who were around and watching politics in the '90s remember Bill Clinton, the first Baby Boomer president, as a young chief executive. Clinton was the third-youngest president to assume office at 46 years old, beaten in that record only by John F. Kennedy and Theodore Roosevelt. But time marches on for us all; now former President Clinton is 78 years old and has had some health issues. On Monday, he was admitted to MedStar Georgetown University Hospital for testing after developing a fever.. Clinton, 78, "has been admitted to MedStar Georgetown University Hospital for testing and observation after developing a fever," said Angel Ureña,
Biden commutes death sentences of child
killers and mass murderers 2 days before Christmas 24 replies
killers and mass murderers 2 days before Christmas 24 replies
They weren’t run over by a reindeer.
President Biden on Monday commuted the sentences of 37 of 40 men on federal death row — a list that includes at least five child killers and several mass murderers — in a stunning act of clemency just two days before Christmas.
Biden, 82, gave the reprieve to the nation’s most violent murderers — nine of whom were found too dangerous to live after butchering fellow inmates — as part of his effort at “ensuring a fair and effective justice system,” the White House said.
Someone acting for the president just made a decision that only a president can make and commuted the sentences of 37 of the 40 murderers on federal death row out of a sense of someone's moral imperative.
The Office of the President of the United States of America announced the commutations early Monday morning of Christmas week. A statement issued by the White House said the president was "guided by my conscience" to commute the death penalties for some of the worst of the worst offenders in America.
It begs the question of how consciously Joe Biden does anything these days
‘Squad’ Rep. Ayanna Pressley praises
Biden for controversial commutations:
‘Death penalty is racist’ 22 replies
Biden for controversial commutations:
‘Death penalty is racist’ 22 replies
Rep. Ayanna Pressley (D-Mass.) commended President Biden Monday for commuting the sentences of 37 federal inmates on death row, arguing that capital punishment is “racist.”
“There is no action more powerful or righteous than sparing someone’s life, and today President Biden is doing just that,” the member of the far-left “Squad” of liberal lawmakers said in a statement.
Pressley, 50, described the 82-year-old commander in chief’s decision to spare dozens of convicted murderers and rapists from death as a “historic and groundbreaking act of compassion that will save lives, address the deep racial disparities in our criminal legal system, and send a powerful message about redemption, decency, and humanity.”
Ethics Committee Final Report: 'Substantial
Evidence' Gaetz Committed Statutory Rape (Update) 22 replies
Evidence' Gaetz Committed Statutory Rape (Update) 22 replies
This is what's known as the "other shoe dropping."
Matt Gaetz had hoped to avoid public disclosure of the results of the House Ethics Committee investigation into numerous allegations of corruption and wrongdoing. His successful attack on Kevin McCarthy's Speakership came in part because McCarthy refused to quash the probe. Gaetz clearly intended to use the strange sequence this past month where Gaetz resigned his office just after winning another House term in order to force the committee to seal the results. Instead, the Ethics Committee voted to publish its final report on Gaetz. Before they could do that, though, it leaked to a number of news outlets this morning
Colombian President Gustavo Petro has slammed Donald Trump’s proposal to retake the Panama Canal.
Petro, a former Marxist guerilla and vocal supporter of Joe Biden, wrote in a post on the X platform that the number of illegal migrants crossing heading to the southern border would increase by “millions” unless Trump recognized the canal belongs to Panama.
He wrote:
Until the last consequences I will be on the side of Panama and the defense of its sovereignty.
If the new US government wants to talk business, we will talk business, face to face, and for the benefit of our people, but dignity will never be negotiated.
Soon-to-be President Donald Trump has talked about getting rid of the U.S. income tax and replacing it with a system of tariffs. He has come under heavy criticism from Democrats and many economists. But average Americans appear to like the idea, with a plurality favoring Trump’s idea, the latest I&I/TIPP Poll shows.
The December online I&I/TIPP Poll asked 1,441 adults across the country the following question: “President Trump has talked about replacing the income tax with tariffs (taxes on selected imports). Would you support or oppose such a move?” The poll has a margin error of +/-2.6 percentage points.
Johnson allies urge Trump to intervene
as messy speaker battle threatens to delay
2024 certification 19 replies
as messy speaker battle threatens to delay
2024 certification 19 replies
Allies of Speaker Mike Johnson, R-La., are urging President-elect Trump to publicly reaffirm support for the House GOP leader to avoid a messy, protracted battle that could delay the certification of his own victory. "If we have some kind of protracted fight where we can’t elect a speaker — the speaker’s not elected; we’re not sworn in. And if we’re not sworn in, we can’t certify the election," Rep. Carlos Gimenez, R-Fla., told Fox News Digital.
"I would hope that President Trump would chime in and talk to those who are maybe a little hesitant, and say, ‘We’ve got to get going. We don’t have time.’"
Kamala Harris Campaign Advisor Lindy Li
Quits Democrat Party: ‘It’s Like Leaving
a Cult’ (Video) 19 replies
Quits Democrat Party: ‘It’s Like Leaving
a Cult’ (Video) 19 replies
Democrat mega-donor Lindy Li, who served as the Women’s Co-Chair and Mid-Atlantic Regional Chair at the Democratic National Committee, announced she is leaving the Democrat party.
Li has come under fire from leftists after recent appearances criticizing Democrats.
She appeared on Fox News to discuss how Barack and Michelle Obama’s delay in endorsing Harris was “the silence heard around the world.”
She also expressed support for Donald Trump’s nominee for Secretary of Defense, Pete Hegseth, telling Fox, “I actually think he’s been a pretty good guy.”
Border czar-designate Tom Homan on Monday criticized Democratic Gov. Kathy Hochul of New York after a woman died Sunday after a migrant allegedly lit her on fire while on the New York City subway.
Sebastin Zapeta, a 33-year-old Guatemalan illegal immigrant previously deported by the Trump administration, was arrested Sunday by the New York Police Department in connection with the incident, Fox News reported. Homan ripped Hochul, who touted the subway’s safety after the killing, about the incident.