- Breitbart Business Digest: Joe Manchin’s Wimpy Inflation Bill
Joe Manchin’s climate change spending bill should be considered Wimpy legislation. You will recall the character of J. Wellington Wimpy from the Popeye comic strip and cartoons. Originally the principal character of the cartoon strip “Thimble Theater,” Wimpy was supplanted by Popeye when it became an animated cartoon series. He was most famous for trying […]
- Key Events This Busy Week: Central Bank Bonanza And A Critical Fed Rate Hike
While the week starts slow on the data front – if not in the widespread liquidation gripping all markets – things pick up fast in the next few days, and this week is squarely and firmly all about the FOMC meeting on Wednesday. We go into it with the 2yr US note up +25bps on […]
- U.S. Inflation Rate Soars to 8.6%, Highest in 41 Years
Prices faced by U.S. consumers rose 8.6 percent in May, defying expectations that inflation had peaked in March and indicating that the Federal Reserve’s task of bringing it back under control will be more challenging than officials anticipated. Compared with April, prices rose one percent. Inflation hit a four-decade high of 8.557 percent in March […]
- US Navy Sailors Deserting At “Staggering” Rate Amid Mental Health Crisis
A troubling new statistic shows U.S. Navy desertions are soaring and may point to an even more significant issue of an emerging mental health crisis in the service. NBC News reports the Navy has 342,000 active sailors. In 2021, there were 157 deserters, compared with 98 in 2020 and 63 in 2019. The total number of […]
- FOMC Decision Preview: Biggest Rate Hike Since 1994 On Deck
Submitted By Newsquawk Up Until Monday afternoon, the FOMC was been expected to hike rates by 50bps to 1.25-1.50% until the hot May CPI figures, rising consumer inflation expectations and a WSJ article, ignited a wave of 75bps calls to 1.50-1.75%. The Fed guidance initially called for 50bps (both in June and July) had the […]
- Russian Monetary Policy Reverts To Pre-Ukraine War Levels After Bigger Than Expected Rate Cut
As the US scrambles to hike rates with the Fed woefully behind the inflation curve, and losing what little “credibility” with every passing day, Russia is moving in the opposite direction. On Friday, the Central Bank of Russia cut its repo rate by 150bp to 9.50%, more than consensus expectations (10%). Today’s cut now fully […]
- ECB Preview: QE Ends But Too Soon For Rate Hikes
Submitted by Newsquawk ECB policy announcement due Thursday 9th June; rate decision at 12:45BST/ 07:45EDT, press conference from 13:30BST/ 08:30EDT Policymakers are set to announce that purchases under APP will end as of July 1st The Governing Council will likely confirm that rate hikes will commence at the July meeting OVERVIEW: Since its previous meeting, […]
- “Panic”: Yields Soar After WSJ “Fed Leaker” Says Odds Rising Of 75bps Rate Hike
Up until this afternoon, while several banks – most notably Barclays, Jefferies and Nomura – were speculating that 75bps (or even 100bps) of rate hikes on Wednesday was possible, they were also viewed as unlikely because – as Standard Chartered’s Steven Englander said earlier – this is “not a Fed that likes to surprise“, while SGH […]
- Ukraine Belatedly Admits ‘Heavy Casualty Rate’ In Appeal For More Weapons From West
Ukraine’s government has thus far kept its military death toll a tightly guarded secret, now four months into the conflict, even as heavy international scrutiny has focused on Russian losses amid prior widespread speculation and assertions that Russia was “losing”. However, there’s been a noticeable shift in Western media and among the national security pundit […]
- Did The Fed Just Signal When Rate Hikes Will End?
One of the notable features of the May FOMC statement is that unlike back in March, it came with no projection materials. But that doesn’t mean that the Fed staff did not discuss – and revise – their economic and inflation forecasts. Indeed, as the “Staff Economic Outlook” section in today’s Minutes reveals, “the staff’s […]
NY Times
- Inside the Tent Camp Housing Thousands of Migrant Children – ‘No Place for a Child’
Migrant children and families are sleeping shoulder to shoulder on mats in a Texas border facility designed for 250 people that is now holding more than 4,100, according to some of the first photographs to emerge from the crowded camp that has become a focal point of the Biden administration’s struggles to absorb thousands of […]
- Atl Suspect’s Fixation on Sex Is Familiar Thorn for Evangelicals
“Sex addiction” is not an established psychiatric diagnosis, and there is a debate in the mental health community about how to define and treat compulsive sexual behavior. “There’s no evidence-based treatment for sex addiction,” said Joshua Grubbs, an assistant professor of psychology at Bowling Green State University and a clinical psychologist. Evangelical sex addiction treatment […]
- Tom Cotton Mocks Social Justice Warriors at New York Times in CPAC Speech
Sen. Tom Cotton (R-AR) on Friday mocked “social justice warriors” at the New York Times and their “meltdown” this summer over his op-ed in the paper calling for troops to restore order during the rioting at the time. Speaking on the first day of the Conservative Political Action Committee (CPAC) in Orlando, Florida, Cotton recalled how hundreds […]
- Congress Clears 2-Day Spending Extension to Finalize Stimulus Deal
Negotiators worked into Friday night to put the finishing touches on key details of the stimulus compromise, continuing negotiations on how long unemployment benefits should last, how to distribute federal relief for small businesses and the extension of a federal eviction moratorium. The plan was expected to revive the Paycheck Protection Program, a loan program […]
- SACRAMENTO Unemployment Scam Using Inmates Names Costing California Hundreds of Millions
SACRAMENTO — A rash of fraudulent pandemic unemployment claims filed under the names of jail and prison inmates, including more than 100 on death row, has bilked California out of hundreds of millions of dollars, a law enforcement task force said Tuesday. In a letter to Gov. Gavin Newsom, the task force, led by district […]
- Politics, Science and the Remarkable Race for a Corona Vaccine
WASHINGTON — The call was tense, the message discouraging. Moncef Slaoui, the head of the Trump administration’s effort to quickly produce a vaccine for the coronavirus, was on the phone at 6 p.m. on Aug. 25 to tell the upstart biotech firm Moderna that it had to slow the final stage of testing its vaccine […]
- Newsom Do as I Say, Not as I Dine Coronavirus Message
SAN FRANCISCO — It was an intimate meal in a wood-paneled, private dining room in one of California’s most exclusive restaurants. No one around the table wore masks, not the lobbyists, not even the governor. [Sign up for California Today, our daily newsletter from the Golden State.] Photos that surfaced this week of a dinner […]
Washington Post
- Sex Offender Thanks Ketanji Brown Jackson for Three-Month Prison Sentence: ‘She Knew This Was Going to Hold Me Back … So She Didn’t Really Want to Add on to That’
The registered sex offender who was given three months in prison by Judge Ketanji Brown Jackson, nominated for the Supreme Court by President Joe Biden, is speaking out and seemingly thanking the judge for her lenient sentence in his case. In 2013, Jackson sentenced then-19-year-old Wesley Hawkins to three months in prison, three months of […]
- 15 Media Personalities Claimed Hunter’s Laptop Emails Were Likely Russian Propaganda Before New York Times Admitted
Fifteen establishment media personalities claimed Hunter Biden’s laptop emails were likely Russian propaganda before the New York Times admitted it Wednesday. After nearly two years of dismissing Hunter’s tantalizing emails uncovered before the 2020 presidential election, the Times admitted the laptop was authentic, in direct contradiction of many in the Democrat-allied media. The media personalities seemingly went […]
- Covington Teen Nicholas Sandmann Settles $275 Million Defamation Lawsuit with NBC
Covington Catholic High School student Nicholas Sandmann announced Friday that he settled a $275 million defamation lawsuit against NBC. Neither party publicized the terms of the settlement. However, Sandmann asked for $275 million in damages in his lawsuit against NBC Universal and MSNBC. “At this time I would like to release that NBC and I […]
- Washington Post Columnist Calls on CNN to Correct Its Dossier Reporting — After WaPo Corrects Its Own
A Washington Post columnist criticized CNN for not correcting its reporting that the dossier put together by Fusion GPS and ex-British spy Christopher Steele — which claimed the Trump campaign was colluding with Russia — was “corroborated.” The paper’s media critic, Erik Wemple, wrote Friday that CNN hosts and reporters had long-claimed the Steele dossier had […]
- Washington Post ‘Forced to Admit They Lied’ After Pretending ‘F*ck Joe Biden’ Chant Was ‘Let’s Go, Brandon’
The Washington Post, the leftist legacy media outlet whose motto is “Democracy Dies in Darkness,” admitted to publishing fake news about the public’s discontent with floundering President Joe Biden. During a September speech by Donald Trump Jr. in Georgia, the crowd broke into a “F*ck Joe Biden” chant at the prompting of the former president’s […]
- Report: Oklahoma Congressman Missing After Secret Rescue Attempt in Afghanistan
Rep. Markwayne Mullin (R-OK) has reportedly gone missing after attempting a rogue evacuation mission to rescue five American citizens that President Joe Biden’s administration left behind in Afghanistan. According to the Washington Post, U.S. officials are now “unsure of Mullin’s location” after he requested help from the U.S. Embassy in Tajikistan on Monday with his evacuation […]
- Report: Taliban Offered Biden Control of Kabul, but He Declined
The chaos in Afghanistan could have reportedly been avoided altogether if President Joe Biden had accepted the Taliban’s initial offer for the U.S. to have full control of Kabul and the airport. According to a report from the Washington Post, as the Taliban began taking control of Afghanistan, senior U.S. military leaders met with Taliban political […]
