US makes third interest rate cut despite
inflation risk
Posted By: Dreadnought, 12/18/2024 2:44:14 PM
The US central bank has cut interest rates for a third time, despite concerns that the move will deliver a boost to the economy that risks re-igniting price inflation. The decision was expected, setting the Federal Reserve's key lending rate in a target range of 4.25% to 4.5%. That is down a full percentage point since September, when the bank started lowering borrowing costs, citing progress stabilising prices and a desire to head off economic weakening. Reports since then indicate the job market has been more resilient than expected while price rises have continued to bubble.
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Dreadnought"
Author J.K. Rowling commemorated the five-year anniversary of her decision to publicly oppose transgender extremism and only regrets she “didn’t speak out sooner.”
Posting on X, Rowling shared a five-year-old post from 2019 in which she publicly spoke out against transgender extremism for the first time – when a British woman lost her job for refusing to use proper pronouns and affirm a biological man in living as a woman. “Dress however you please. Call yourself whatever you like. Sleep with any consenting adult who’ll have you. Live your best life in peace and security. But force women out of their jobs for stating that sex is real?”
President-elect Donald Trump has big plans to deliver on his campaign pledge to secure the southern border, pledging to issue a flurry of executive actions on day one of his presidency to stem the massive flow of illegal immigrants into the U.S.
But questions remain about when and how Trump plans to deliver on his fresh pledge to protect the so-called “Dreamers” – a term for immigrants who were brought to the U.S. illegally as children and do not have a path to citizenship.
“The Dreamers are going to come later, and we have to do something about the Dreamers because these are people
Georgia Court Removes Fani Willis from
Trump Case over Relationship with Special Prosecutor 4 replies
Trump Case over Relationship with Special Prosecutor 4 replies
An appellate court removed Fulton County district attorney Fani Willis (D) from the racketeering case against President-elect Donald Trump over her romantic relationship with special prosecutor Nathan Wade.
Georgia’s court of appeals ruled Thursday that Willis will be removed from the case because of the appearance of misconduct surrounding her relationship with Wade, but did not throw out the case all together.
“While we recognize that an appearance of impropriety is generally not enough to support disqualification, this is the rare case in which disqualification is mandated and no other remedy will suffice to restore public confidence in the integrity of these proceedings,” the three judge panel ruled.
FAA bans drones over parts of New Jersey,
threatens ‘deadly force’ for ‘imminent
security threat’ 9 replies
threatens ‘deadly force’ for ‘imminent
security threat’ 9 replies
The Federal Aviation Administration has temporarily banned drone operations over parts of New Jersey until mid-January and warned that the government may respond with “deadly force” against drones that pose a threat.
Beginning on Wednesday and through Jan. 17, unmanned aircraft are barred from flying within a nautical mile of specified airspace outlined in an FAA Notice to Airmen, or NOTAM.
The government may use “deadly force” against the drones if they present an “imminent security threat,” the NOTAM said. The temporary flight restrictions have been implemented over a large and significantly populated area of New Jersey, including: Jersey City, Bayonne, Elizabeth, Harrison, Kearny, Edison,
The only time I ever agreed with MSNBC’s Joy Reid was when she declared the Left victorious in the culture wars following the hyper-woke Grammy Awards on CBS in February 2023.
“Culture wars are over, and the Left won, like total defeat,” she declared on her newscast the following evening. “Despite the almost hysterical war the Right is waging to take the culture back to the John Wayne era, they’re not just losing. They literally cannot win. Cultural progression is relentless. Once people get a taste of modernity, they almost never go back willingly.”
And who could blame her for the burst of hubris? After all,
California Gov. Gavin Newsom has loudly announced his intention to "Trump proof" the state ahead of Donald Trump's inauguration in January 2025. Some of the things he wants to do will be extremely unpopular with the state's residents, and legislators who watched their districts vote for Trump (or saw big leaps in that direction) will be wary of publicly signing on to his radical agenda. He's in a bit of a conundrum. He's probably been longing for the unchecked power he had from March 2020 through February 28, 2023, when Californians lived under a State of Emergency for the COVID pandemic.
Enter Avian influenza A (H5N1), commonly known as "Bird Flu."
The Democrats Haven’t Learned
11 replies
Democrats have engaged in many election post mortems, but they are either unable or unwilling to come go grips with the real reasons why they lost the 2024 election. One of many cases in point is this op-ed by Rahm Emanuel in The Washington Post. Emanuel’s theme is that the Democrats are too nice, and too joyful, for their own good. The Post’s subhed for the piece is “Campaigns of joy in an era of rage don’t win elections.” Which means that the Post can’t tell the difference between joy and gaslighting.
Emanuel writes:
When Donald Trump declared, “I am your warrior.
Ruy Teixeira: Democrats Are in Denial
7 replies
Writing for the Free Press, Ruy Teixeira makes the case that despite the dismal results of the 2024 election, democrats are in deep denial about what went wrong and what they need to do to fix it. As is usually true, he makes a very convincing case.
In the wake of the Democrats’ drubbing at the hands of Donald Trump and the GOP, you’d assume the party would be all-in on a fundamental rethink, starting with some serious soul-searching on how the party came to be so out of sync with the majority of America on key cultural questions...
Well, if the six weeks since the election
President-elect Trump’s attorneys have accused a member of the New York jury that convicted him of wrongdoing, seeking to overturn the historic guilty verdict.
In a letter to Judge Juan Merchan unsealed Tuesday, Trump attorneys Todd Blanche and Emil Bove claimed the legal team has “evidence of grave juror misconduct during the trial.”
“The jury in this case was not anywhere near fair and impartial,” they alleged.
But prosecutors with the Manhattan district attorney’s office called the allegations “untested” and “unsworn,” casting the claim as an effort to undermine public confidence in the case.
Tech mogul Elon Musk continued his tirade against the newly unveiled end-of-year funding deal Wednesday, calling for any lawmaker who supports the continuing resolution to be voted out of office.
“Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!” Musk wrote in a post on his social platform X.
“Please call your elected representatives right away to tell them how you feel!” he added in a separate post. “They are trying to get this passed today while no one is paying attention.”
Musk also called for a moratorium on all legislation until President-elect Trump takes office.
The US central bank has cut interest rates for a third time, despite concerns that the move will deliver a boost to the economy that risks re-igniting price inflation.
The decision was expected, setting the Federal Reserve's key lending rate in a target range of 4.25% to 4.5%.
That is down a full percentage point since September, when the bank started lowering borrowing costs, citing progress stabilising prices and a desire to head off economic weakening.
Reports since then indicate the job market has been more resilient than expected while price rises have continued to bubble.
Trump wipes the smile off Obama’s face
14 replies
President-elect Donald Trump’s most striking characteristics today are clarity, confidence, and calm. This is extraordinary in a man renowned for chaos, confusion, and the thin-skinned hurling of demeaning insults. But it is a truth that needs to be acknowledged and accounted for to understand what we are witnessing as Trump prepares to resume the presidency.
His press conference at Mar-a-Lago on Dec. 16 revealed a man almost preternaturally at ease with himself, his mission, his domestic support, and his acceptance abroad. His tone was measured, even somewhat humble, despite some bragging. When he dismissed questions, as he justifiably did once or twice, it was not done angrily
Most Active Articles (last 48 hours)
George Stephanopoulos was repeatedly told by his executive producer not to “use the word rape” before going on the air to discuss Donald Trump but the ABC News anchor ignored the warning — a decision that cost the network $16 million, The Post has learned.
Parent company Disney’s capitulation last week in the defamation lawsuit by Trump against ABC News and Stephanopoulos shocked media and legal experts, but the damning revelation could help explain why Mouse House CEO Bob Iger signed off on the settlement so quickly.
The “This Week” host uttered that Trump was “liable for rape” while discussing the civil lawsuit won by journalist E. Jean Carroll during an interview
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.
Jill Biden: Joe ‘Talked to a Lot of
Legal Experts’ About Hunter Pardon and
‘Circumstances Changed’ 24 replies
Legal Experts’ About Hunter Pardon and
‘Circumstances Changed’ 24 replies
During an interview with Boston 25 on Tuesday, First Lady Jill Biden defended President Joe Biden pardoning their son, Hunter, by stating that the President “talked to a lot of legal experts,” about the prospects of pardoning Hunter and “circumstances changed.”
Boston 25 Host and Investigative Reporter Kerry Kavanaugh said that she asked Biden if there are things she wished resonated more with the American public and then played a clip of Biden saying, “I think some of the accomplishments of the White House, some of the things that Joe did, opening our schools, ending the pandemic, the infrastructure, just so many things that he accomplished.
The 1500-page spending plan that had conservatives outraged for the last 24 hours has been pulled, multiple reports are now indicating.
Elon Musk and Vivek Ramaswamy, who will be heading up Donald Trump's Department of Government Efficiency in the coming administration, came out hard against the bill early. Late on Wednesday, Trump himself let his feelings on the subject be known.The rebuke, which built steadily through the day and culminated with a long written statement from Trump in the late afternoon, has forced Johnson back to the drawing board on a plan to prevent a Christmastime shutdown — and maintain the support of his chaotic conference
J6 Bombshell: Trump Didn't Just Offer
Military to Protect Capitol, He Ordered
It but Was Disobeyed 22 replies
Military to Protect Capitol, He Ordered
It but Was Disobeyed 22 replies
On the eve of former President Donald Trump's return to power, a new report is turning the story of the 2021 Capitol incursion on its head.
For four years, a Democratic-run "select" committee on Jan. 6, anti-Trump Republicans, and the establishment media have blamed Trump for the violence in Washington on Jan. 6, 2021, but the report released Tuesday accused Trump's acting defense secretary at the time, Christopher Miller, of defying Trump's specific orders.
It's the very first finding of the report, and it paints a scathing picture of Nancy Pelosi's "select" committee -- and former Rep. Liz Cheney's role in the whole affair.
Automakers are furious after California moved forward with plan to ban the sale of all gas-powered cars by 2035.
The Environmental Protection Agency (EPA) on Wednesday granted two requests from California to enforce strict standards for vehicle emissions after it found opponents were not able to meet the legal burden to how it was inconsistent with the federal Clean Air Act.
'California has longstanding authority to request waivers from EPA to protect its residents from dangerous air pollution coming from mobile sources like cars and trucks,' EPA Administrator Michael Regan said in a statement.
George Stephanopoulos may be OUT at ABC News after CEO Bob Iger decided to pay out a $15 million defamation settlement, plus $1 million to cover Trump’s attorneys fees.
Trump’s defamation case against ABC News was related to statements made by “This Week” host George Stephanopoulos.
Trump sued ABC News earlier this year after Stephanopoulos claimed Trump was “found liable for rape” by a Manhattan jury in the E. Jean Carroll case.
In 2019, E. Jean Carroll alleged Donald Trump raped her in a Bergdorf Goodman dressing room in the 1990s.
Trump has denied the allegations and called E. Jean Carroll a “whack job”
ABC News anchor George Stephanopoulos is said to be 'apoplectic' and 'humiliated' following the network's decision to pay $16 million to settle a defamation lawsuit between ABC and Donald Trump.
The settlement, which includes $15 million towards a presidential foundation and $1 million for Trump's legal fees, has sparked a firestorm within the Disney-owned news organization.
Stephanopoulos, a former aide to Bill Clinton in the 1990s, was particularly incensed at being compelled to issue a public apology, according to the New York Post.
Insiders explained how the veteran anchor remains 'defiant' amid the fallout.
Cleanup in Terminal 3! A group of travelers and one employee threw punches, grabbed hair and whacked each other with “Wet Floor” signs in a wild, caught-on-camera brawl reminiscent of a WWE match inside Chicago O’Hare International Airport last week. Insane video shared on social media of the Dec. 12 melee shows three men — including an employee in a blue shirt — seemingly teaming up against one man in a white T-shirt inside American Airlines Terminal Three.
The NYPD’s highest-paid employee — who shoveled in more than $400,000 last year — filed for retirement this week and then was suspended amid an internal affairs probe into her astronomical overtime, The Post has learned.
Lt. Quathisha Epps will retire just shy of 20 years with the department, sources said — an early exit that will impact her pension and cost her a $12,000-a-year supplement for cops who reach the two-decade mark.
Leaving money on the table is seemingly uncharacteristic for Epps, who raised eyebrows by pulling in roughly $204,000 in overtime last year for her administrative job in NYPD Chief of Department Jeffrey Maddrey’s office, payroll records show.
House Speaker Mike Johnson’s (R-LA) favorability is declining, sinking even lower than Democrat President Joe Biden and Vice President Kamala Harris, a new poll shows.
Polling from The Economist/YouGov shows Johnson with a 30 percent favorability rating, well below Biden’s 40 percent rating and Harris’s 44 percent. Thirty-six percent of poll respondents say they have an unfavorable view of Johnson, and 34 percent who “don’t know.” The results show a slight decline in public opinion from last month, when another YouGov survey showed Johnson with 33 percent approval and 34 percent disapproval.
Nancy Pelosi, 84, back home after undergoing
hip surgery following high-heel fall in Europe 16 replies
hip surgery following high-heel fall in Europe 16 replies
Former House Speaker Nancy Pelosi arrived back at her California home on Wednesday after suffering a fall in “very high” heels and undergoing hip replacement surgery during her trip to Europe.
The California congresswoman, 84, was spotted apparently talking into a pink cellphone in a black vehicle outside her San Francisco home in the first pictures of her in the US exclusively obtained by The Post. (Photos) Pelosi was visiting a World War II battlefield site in Luxembourg on Friday when she fell down marble steps while wearing heels — and posed for a picture immediately after.