Explainer: Why are fears of high inflation getting worse?
Posted By: Dreadnought, 5/11/2021 7:40:08 PM
WASHINGTON — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. All of which is resurrecting fears of an economic threat that has all but disappeared over the past generation: Runaway inflation. It occurs when prices for most goods and services not only rise but accelerate, making the cost of living steadily more expensive and shrinking the purchasing power of Americans' earnings and savings. Growing jitters about inflation have contributed to a sharp sell-off in stock prices this week. Any significant acceleration of inflation would exert a drag on the market and potentially imperil
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Biden Administration Suspends Environmental Rules
as Democrats Panic Over Empty Gasoline Stations 20 replies
as Democrats Panic Over Empty Gasoline Stations 20 replies
The Biden Administration announced on Tuesday that it was temporarily waiving EPA restrictions on the sale of the “winter-time” gasoline formulation in major metropolitan areas of three states, and the District of Columbia, as part of an effort to add to the available inventories that can be used to address the gas shortage. The states are Pennsylvania, Virginia, and Maryland, along with DC.
Normally, each April and May, the EPA requires gasoline manufacturers to begin delivering different formulations of gasoline in certain metropolitan areas because the “summertime” formulation produces fewer emissions from automobile engines. When that change happens, refiners and distributors are sometimes left with excess
The Consumer Price Index (CPI), which tracks the cost of a variety of consumer goods as well as housing and energy prices, has risen 4.2 percent from a year ago, notably higher than the estimated 3.6 percent. It is the largest yearly increase since September 2008.
Even controlling for food and energy prices, the CPI was up three percent, higher than the estimated 2.3 percent. The 0.9 percent CPI increase from March, again controlling for food and energy prices, is the highest since April 1982.
This data comports with Americans’ everyday experiences. On Tuesday, the average price of a gallon of gas rose to $2.99, the highest figure since November 2014.
You have to love liberal media. President Donald Trump is no longer in office, but he’s still living rent free in their heads. They’re still completely obsessed with him and basically can’t live without him. They always need him as a focal point.
The New York Times ran this “gotcha” story today, as though it were something truly significant, “Over 100 Republicans, including former officials, threaten to split from G.O.P.”
What is the issue, the New York Times says? The fact that the GOP still is supportive of Trump.
“This is a first step,” said Miles Taylor,
Plan? Did the Washington Post forget whose administration this is? Joe Biden has managed the COVID-19 fight in the same manner that he handled immigration — by issuing statements raising expectations, then providing no plan on how to meet his expressed goals. Thus far, Biden’s skated by on the pandemic by following the Trump administration’s playbook while complaining about it publicly.
Now, however, the rest of the world wonders where Biden’s promised assistance is. And for that matter, so do members of his own administration:
“History is going to measure whether we’re up to the task. I believe we are,” Biden said on Jan. 21, unveiling a seven-goal
According to a new poll from the Pew Research Center, while the majority of Jews identify as Democrat, three out of four Orthodox Jews identify as Republican. Overall, three out of four Orthodox Jews experienced at least some form of antisemitism in the past year, more than non-religious Jews.
The Pew poll “surveyed 4,718 U.S. adults who identify as Jewish, including 3,836 Jews by religion and 882 Jews of no religion. The survey was administered online and by mail by Westat, from Nov. 19, 2019, to June 3, 2020.”
Compared with older Jews, young Jews are increasingly becoming more Orthodox.
We Don't Have a President
6 replies
As I type this, an all-out war on the streets of Israel has broken out. The Mayor of Lod is comparing what’s happening to Kristallnacht, the night Nazis smashed Jewish businesses and destroyed synagogues in the lead up to the Holocaust.
RedState has reported extensively on what’s going on. Earlier, video and pictures were released showing cars burning and what looked to be the ransacked interior of a synagogue.
Meanwhile, on this side of the ocean, a cyberattack has taken down a major pipeline that supplies gasoline to the East Coast. That has led to gas shortages, even further exacerbating the skyrocketing energy costs Americans are already enduring.
Welfare for the Rich
3 replies
Congress passed the $2.2 trillion Heroes Act.
House Democrats said it gives money to “governments who desperately need funds.”
But it also gives lots of money to people who don’t need funds.
Maryland, which even The Washington Post admits is “flush with cash,” got enough extra money to pass a budget that “hands bonuses to every state worker.”
Even Atherton, California, where the median home price is $6 million, got Heroes Act money.
“There was no means test!” complains Lisa Conyers, author of Welfare for the Rich, in my latest video.
Omni Hotels & Resorts received $68 million in loans. Major airlines got $25 billion in loans from the CARES Act.
The criminal hacking group that reportedly goes by the name DarkSide and attacked the largest gasoline pipeline in the United States has now put out an apology of sorts.
The Colonial pipeline, which snakes 5,500 miles along the eastern U.S., transports 2.5 million barrels of gasoline a day, and provides 45 percent of the region’s fuel consumption, was shut down on Friday in response to the hacking.
Vice reported on the hackers’ odd statement posted on the “dark web”:
“We are apolitical, we do not participate in geopolitics, do not need to tie us with a defined government and look for other our motives,” the statement from the DarkSide ransomware group reads.
Arizona Gov. Doug Ducey signed a bill Tuesday which will remove the word "permanent" from the state's permanent early voting list (PEVL), a method that was heavily used by voters in the 2020 election. He signed the controversial bill, SB 1485, less than an hour after the Arizona Senate passed it 16-14, along party lines. It also comes as auditors are at work inspecting Maricopa County's 2.1 million 2020 ballots under a Senate-ordered audit.
Arizona joins other Republican-led states that have introduced, passed and signed into law restrictive voting legislation. There are 361 bills in 47 states that introduce restrictive provisions.
WASHINGTON — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. All of which is resurrecting fears of an economic threat that has all but disappeared over the past generation: Runaway inflation. It occurs when prices for most goods and services not only rise but accelerate, making the cost of living steadily more expensive and shrinking the purchasing power of Americans' earnings and savings.
Growing jitters about inflation have contributed to a sharp sell-off in stock prices this week. Any significant acceleration of inflation would exert a drag on the market and potentially imperil
Years ago, I attended a play with the theme of racism. At curtain rise, two actors began berating the audience primarily made up of white people about how this work would make them uncomfortable, uneasy, and fearful. It is a very common theme in “antiracism” and critical race theory.
But if part of “doing the work” to “dismantle systemic racism” is to endure this discomfort, how does that apply to teaching “antiracism” to small children? Should young white kids be made to feel uncomfortable?
Examples abound in CRT theory and popular writing about how overcoming white fragility requires of white people that they sit with their guilt, shame, and unease.
What Voters Are Saying About Critical Theories
Should Have Woke Educators Shaking in Their Shoes 5 replies
Should Have Woke Educators Shaking in Their Shoes 5 replies
Americans’ views about school curriculum based on critical theories of race and gender were assessed in a mid-April poll by Competitive Edge Research and Communications (CE). The poll, which surveyed 808 active voters and included parents with children in school and other community members, found that an overwhelming majority of those surveyed object to critical race theories being taught in schools.
The CE poll uses blunt language in questions about what critical theories, like critical race theory, actually assume and teach. It is rare to see questions formed using the fundamental theses of the critical theory-based curriculum in the public debate. Critical theories are teaching children to make assumptions about others
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The removal of Liz Cheney from her House leadership position isn’t going over well with the Never Trump faction of the GOP. They have obviously failed miserably in their effort to reassert establishment control over the party. With the vote on the embattled Wyoming congresswoman’s fate expected to take place on Wednesday, over 100 “Republicans” have prepared a letter threatening to start their own political party if the GOP does “not make certain changes.”The existence of the group was reported by the New York Times, which also published the infamous op-ed that was written by a Department Of Homeland Security official
A large group of Iranian military fast attack boats on Monday harassed six United States Navy ships escorting a guided missile submarine into the Strait of Hormuz, the Pentagon said.
“Earlier today a large group of Iranian Islamic Revolutionary Guard Corps Navy, also known as the IRGCN, fast boats conducted unsafe and unprofessional maneuvers and failed to exercise due regard for the safety of U.S. forces as required under international law while operating in close proximity to U.S. Naval vessels that were transiting the Strait of Hormuz,” Pentagon Press Secretary John Kirby said.
He said the Navy ships that were escorting the USS Georgia were exercising the right of transit passage
House Republicans planted themselves firmly in the camp of Donald Trump on Wednesday when they removed Rep. Liz Cheney from their leadership team after her criticism of the former president.
In a closed-door meeting in the basement of the Capitol, Republicans voted to oust Cheney after she repeatedly called out Trump's false claims he won the election and criticized his role in the January 6 insurrection.
After a voice vote, Cheney said: ‘I will do everything I can to ensure that the former president never again, is anywhere near the Oval Office.’ Cheney had addressed Republicans in the room before the vote.
It was said during our Mideast military adventures, and has been considered a truism of war, that you can’t really win a conflict without “boots on the ground.” For it’s difficult to completely subdue a people from afar. It may not be too different with battles for civilization. (snip) If you heard about a Third World country in which the leadership was purging the military of political opponents, would you assume it was just an exercise in ideological nepotism? (snip) So you need a purge. You do this by conjuring up a boogeyman — in our case “white supremacy”
Here is the 25-Foot Statue They Just Unveiled
in NYC Rockefeller Center to Honor
African Culture… 42 replies
in NYC Rockefeller Center to Honor
African Culture… 42 replies
The new 25 foot-tall statue unveiled in New York City’s Rockefeller Center to honor “African culture” was unveiled this week. (Tweets/Video) Eurweb reported on the project. This spring, multiple disciplinary artist Sanford Biggers will transform Rockefeller Center with several public art exhibitions, including the highly anticipated monumental Oracle sculpture. Presented by ART PRODUCTION FUND and ROCKEFELLER CENTER, in partnership with MARIANNE BOESKY GALLERY, and several years in the making, Biggers will be the first artist invited by Rockefeller Center for a multimedia survey exhibition campus-wide from May 5 to June 29, 2021.
You have to love liberal media. President Donald Trump is no longer in office, but he’s still living rent free in their heads. They’re still completely obsessed with him and basically can’t live without him. They always need him as a focal point.
The New York Times ran this “gotcha” story today, as though it were something truly significant, “Over 100 Republicans, including former officials, threaten to split from G.O.P.”
What is the issue, the New York Times says? The fact that the GOP still is supportive of Trump.
“This is a first step,” said Miles Taylor,
There can be no denying that the political left are an intolerant and authoritarian bunch. The Democratic party that represents it wants to cancel the rights of anyone who disagrees with them.Showing that fascism is all in the family, Chelsea Clinton has joined the calls for social media censorship. After all, it’s been a standard feature of her mother’s bitter Twitter diatribes since she was rejected by voters in the 2016 election.
The heir to the Clinton political dynasty joined the team effort to save Joe Biden from an early humiliation by steamrolling any opposition to his stated goal of vaccinating 70 percent of the U.S. by July 4th.
OJ Simpson Backs Liz Cheney: ‘Truth And
Honesty’ Is The ‘Enemy’ To Many ‘Republican
Politicians’ 29 replies
Honesty’ Is The ‘Enemy’ To Many ‘Republican
Politicians’ 29 replies
As Rep. Liz Cheney (R-WY) works for preserve her position within House GOP leadership, unlikely allies have rushed to her defense, including convicted felon O.J. Simpson. In a video posted to Twitter on Monday Simpson, who was famously acquitted of the murders of Nicole Brown and Ron Goldman in the mid-1990s before being convicted of armed robbery in the 2000s, said that Liz Cheney has earned his respect because she “stands up for truth.”“I gotta admit, I was not a fan of Liz Cheney,” he said. “Don’t get me wrong, I’m 50-50 on her politics, but I didn’t like her.
The head of the Vatican’s doctrine office is warning U.S. bishops to deliberate carefully and minimize divisions before proceeding with a possible plan to rebuke Roman Catholic politicians such as President Joe Biden for receiving Communion even though they support abortion rights.
The strong words of caution came in a letter from Cardinal Luis Ladaria, prefect of the Vatican’s Congregation for the Doctrine of the Faith, addressed to Archbishop José Gomez of Los Angeles, president of the U.S. Conference of Catholic Bishops. The USCCB will convene for a national meeting June 16, with plans to vote on drafting a document on the Communion issue.
FOX News anchor Bret Baier, never a huge Trump fan, joined Varney and Co. on Wednesday morning following the House GOP vote to remove Liz Cheney from leadership.Cheney was ousted from leadership in a voice vote. She then ran to the media to attack and smear President Trump and carry the Democrat message to America.What a sick, sick woman.Bret Baier said 100 GOP lawmakers may form a new political party. He said this with a straight face! Hah!
Is Anheuser-Busch Drunk? The Beer Behemoth Is
Forcing the Woke 'Gender Unicorn' on Its Employees 25 replies
Forcing the Woke 'Gender Unicorn' on Its Employees 25 replies
Another all-American brand, Anheuser-Busch, has jumped on the woke train. The maker of Budweiser, among other brands with a robust craft beer collaboration line, has partnered with radical professors in education and humanities at Arizona State University (ASU) to develop and implement a 15-module training program called “To Be Welcoming.” It is based on critical race and gender theory. According to a whistleblower who spoke with PJ Media, an e-mail from “Chief People Officer” Lindsay King announced the program on March 24, 2021.
In the letter, King uses typical language about an inclusive workplace and how diversity brings better ideas. This new curriculum follows “Psychological Safety” training
The GOP wants to make voting harder in Ohio
24 replies
Ohio Republicans are fond of saying that it’s easy to vote, but hard to cheat in the Buckeye state. Turns out they think voting is a little too easy.(Snip)The ostensible justification for these measures is to protect the “integrity” of elections, even though the 2020 presidential election was the most secure in the nation’s history. Nor is there any evidence to support former President Donald Trump’s ridiculous claim that widespread fraud cost him reelection.Republicans could have examined what made Trump such a flawed candidate and adjusted their message to appeal to a wider swath of voters.