Economic policymakers around the world are raising interest rates to try to tame the rising cost of living. Jerome Powell, the Federal Reserve chair, reiterated his commitment to that policy in a speech yesterday. He warned against giving up on inflation “prematurely” and promised to “stay the course until the job is done.”
But both rising rates and high inflation can have very different practical effects depending on who you are and where you live. Gas prices matter much more to people who commute long distances to work, for example. Higher interest rates are costly to people who rely on credit cards to pay their bills, while they can actually be good news for retirees living off savings.
In today’s newsletter, I want to explore a striking example of those differences: the housing market on either side of the Atlantic. In Britain, rising rates are threatening to force some people out of their homes. In the United States, they are in some cases preventing people from moving.
Incoming Israeli Prime Minister Benjamin Netanyahu defended Donald Trump over charges he had “dined with antisemites” in the wake of the Kanye “Ye” West blowup. Netanyahu also smacked down the radical anti-Semitic Democrat Party as “governed by the radical fringe”.
As Arizona Republican gubernatorial candidate Kari Lake challenges Maricopa County's certification of the 2022 election in court, the chairman of another county is declaring he voted to certify under duress.
"I found out today that I have no choice but to vote 'Aye' or I will be arrested and charged with a felony," said Ron Gould, chairman of the Mohave County Board of Supervisors.
Lake's opponent, Arizona Secretary of State Katie Hobbs, who is overseeing the election, has threatened felony charges for officials who don't certify the election.
Hobbs is suing Cochise County, which refused to certify by the Monday deadline.
Lake's lawsuit against Maricopa County election officials states her desire "that every lawful vote be properly counted and every voter who was eligible to vote be allowed to vote."
Biden Energy Advisor Amos Hochstein said the quiet part out loud on CNBC while being pressed by host Joe Kernen.
"It was ten days ago the President again said... maybe you try to talk him out of it, I don't know what you do when he says it, but when he says 'we're going to end drilling domestically' that causes the major oil producers to not want to invest long term. Can you give me a number on how long? Do you want them to produce for five more years? For ten more years? How long will we need these major oil producers to keep drilling. What does he mean 'we need to stop drilling? When?" Kernan asked.
Hochstein: “Eventually we are – we’re going to be phasing out the use of oil," began to reply.
"What's eventually" Kernan fired back. "Because they're not going to want to invest any money if its two or three years from now. Or even five years.
The Navy is investigating what led to two service ships nearly colliding Tuesday in San Diego Bay.
The purported close call involved the guided-missile destroyer Momsen and the dock landing ship Harpers Ferry.
Officials did not confirm precisely what time the incident occurred Tuesday, but a video of the encounter was posted to Twitter at about 10:30 a.m. Pacific Standard Time by the @SanDiegoWebCam account.
“Warship Chicken in San Diego Bay,” the text accompanying the video states.
The video shows Momsen and Harpers Ferry headed straight toward each other before each ship turns left.
Authorities in the Chinese city of Guangzhou have eased COVID restrictions a day after demonstrators in the southern city clashed with police amid a string of protests against Beijing’s strict measures to control the coronavirus pandemic.
China has imposed widespread lockdowns and travel restrictions, and conducted mass testing as part of its “zero-COVID” policy that has been generating rising anger. COVID restrictions have been eased in most parts of the world.
"It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything." -- Joseph Stalin
Following the Florida election debacle of 2000, Americans were promised a more honest, transparent, and verifiable system of elections. We didn't get it, because the election stealers won that election and decided that keeping the current system was their best guarantee of re-election.
The election of 2016 changed that. The candidate being cheated by the system, Donald Trump, still prevailed thanks to a landslide that overcame the vote rigging. He will see having an honest election system as his best chance for a second term. Hence, there is a real opportunity to throw out the current system, whch is designed to enable and conceal stealing elections, and replace it with a system that hinders cheating as much as possible.
To begin, stolen elections are a reality in this nation. John F. Kennedy stole the 1960 election from Richard Nixon. Nixon stole his re-election in what became known as the Watergate scandal. George W. Bush likely stole the 2000 election from Al Gore, and everyone had a ring-side seat watching Hillary Clinton trying to steal the election from Donald Trump.
A good place to start to learn about election stealing is the HBO documentary, "Hacking Democracy." It is available on NetFlix, Amazon Live, and Hulu. Here is a YouTube video of the final scenes showing how an electronic voting machine has the election results changed without even needing to touch the machine!
The Democratic National Committee (DNC) will meet this week to set the primary schedule for the 2024 presidential election, and with it determine the fate of the Iowa caucus' coveted first spot in the nomination calendar.
Many high-profile Democrats have called on the DNC to reformat the starting lineup of the presidential primary calendar that currently kicks off with Iowa, followed by New Hampshire, Nevada and then South Carolina. In a departure from past years, the DNC invited all states to apply for early status and will review the 2024 calendar in its entirety this year.
The DNC Rules and Bylaws Committee is set to meet through the weekend in Washington, D.C., to put forward a proposal for the 2024 primary calendar that will be voted on at a later date, according to a letter sent to DNC members in August.
The European Union has warned Twitter owner Elon Musk that his tech platform could face a ban in Europe unless the site abides by its rules on content moderation.
EU commissioner Thierry Breton made the threat to Musk on Wednesday during a video meeting, wherein she said that Musk must adhere to a checklist of rules. This includes ditching an "arbitrary" approach to reinstating banned users and "aggressively" fighting off so-called disinformation, reports the Financial Times.
Scientists have devised a quantum experiment that allows them to study the dynamics of wormholes, theoretical spacetime entities that first emerged from Albert Einstein's 1915 theory of gravity, or general relativity.
Rather than creating an actual wormhole, a rip in time and space that is theorized to form a bridge between one distant region of space with another, the team built a wormhole model to run on a quantum processor. This allowed them to investigate the physics of wormholes and their potential connection to so-called 'quantum gravity.'
"We found a quantum system that exhibits key properties of a gravitational wormhole yet is sufficiently small to implement on today's quantum hardware," U.S. Department of Energy Office of Science research program Quantum Communication Channels for Fundamental Physics (QCCFP) principal investigator Maria Spiropulu, said in a statement(opens in new tab). "This work constitutes a step toward a larger program of testing quantum gravity physics using a quantum computer."
The U.S. Centers for Disease Control and Prevention (CDC) knew that COVID-19 shots damage recipients’ hearts and cause other serious complications but chose to cover up the information, bombshell documents unsealed under a court order have revealed.
The CDC was forced to hand over documents and data following a November 14 court order by Judge Robert Pitman.
The judge ordered the data to be made public following a Freedom of Information Act request from the Informed Consent Action Network.
The federal health agency has been withholding the data that shows adverse reactions to the vaccinations among those who received them.
Data released under the court order shows that a staggering 1 in 3 among the earliest populations to get vaccinated reported needing medical care, missing school or work, or they were unable to “perform normal daily activities” after receiving the shots.
The House of Representatives has passed a legislation that will force rail unions to accept the terms offered to help them by the Biden administration.
On Wednesday, in a 290-137 vote, House lawmakers voted to pass the legislation.
Those in favor of the legislation say that Congress had to act in order to prevent a strike and give workers what they are asking for. Those against the bill argued that it is not Congress’ place and that they were only voting on it because Joe Biden failed at the negotiation table.
The lower chamber weighed the resolution after top congressional leaders met with Joe Biden on Tuesday. Biden asked Congress to adopt the tentative agreement between railroad workers and operators after he failed to reach terms with all 12 unions. Despite calling himself the most pro-union president, Biden begged Congress to step in to prevent a strike, as a shutdown would be detrimental to the economy.
The September deal allowed for raises and bonuses retroactive to 2020. However, workers are stunned at the lack of paid sick time.
A trans woman — that is, a person born biologically male who has now ‘transitioned’ to become a woman — is pushing back on a claim made in court documents that the man who shot and killed several people at a gay and lesbian bar in Colorado Springs, Colo., earlier this month is “non-binary.”
A children's hospital in Wisconsin has recently come under fire after the public became aware that it had hired at least two leftist, LGBTQ+ activists to offer religious and spiritual guidance to kids and parents in need.