June 26, 2022

Behind Russia-Ukraine, a ‘Total War’ Is Being Waged Against the US and Allies | The Wide Angle

A “snake in the grass” is a deadly encroaching danger that can’t always be seen. Recently, President Joe Biden visited Belgium and Poland to signal support to NATO members on Ukraine’s doorstep. In speaking to U.S. troops in Poland, Biden seemed to “let slip” the expectation that U.S. forces will, at some point, be fighting…

Bidenflation: Fed Study Blames Huge Spending Bills for High U.S. Inflation

Who is to blame for high inflation? A paper from the San Francisco Fed pins much of the blame on the Biden administration’s big spending. “Fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of…

Bidenflation: Expected Prices Hikes Hit Record High in Dallas Fed Survey

Inflationary pressures in Texas ratcheted up even further in March, a survey released Monday by the Federal Reserve Bank of Dallas showed. The prices paid for raw materials index of the Dallas Fed’s monthly survey of manufacturers rose six-tenth of a point to 74, with 77.7 percent of respondents reporting that prices rose for the…

Bidenflation: Fed’s Favorite Inflation Measure Soared 5.8% in 2021, Worst in 39 Years

The Federal Reserve’s favored gauge of inflation jumped 5.8 percent last year, the biggest increase since 1982, according to data released by the Commerce Department on Friday. Consumer spending actually dipped in December, falling 0.6 percent compared with the prior month. Prices, however, climbed 0.4 percent. Core prices, which exclude food and energy, rose 0.5…

NTD News Today Full Broadcast (Jan. 17)

The FBI identifies the British man who took hostages in Texas over the weekend. And UK police make two arrests in connection with the incident. Some hospitals across the U.S. close their emergency departments over a surge in COVID-19 cases. This comes as the Surgeon General speaks out against the Supreme Court striking down President…

Swedish Police Hunt for Drone Seen Flying Over Forsmark Nuclear Plant

A general view of a nuclear power plant in Forsmark, Sweden, on June 14, 2010. (Scanpix/Bertil Ericson/Reuters) STOCKHOLM—Police in Sweden deployed patrols and helicopters to the Forsmark nuclear plant to hunt for a large drone seen flying over the site late on Friday, but were unable to catch the unmanned vehicle, they said on Saturday.…

Is Microsoft’s Stock Overvalued or Undervalued?

Microsoft Corporation shares have outperformed the S&P 500 in the past year, generating a total return of 42 percent. Microsoft is still putting up impressive growth numbers. But with a $2.31 trillion market cap, some investors are wondering if there’s any value left in Microsoft stock. Earnings A price-to-earnings ratio (PE) is one of the…

South Koreans Rank the US Highest in Trustworthiness, China Lowest

A recent survey in South Korea showed that when it comes to trustworthiness, people put the United States at the top of the list and China at the bottom, indicating that most South Koreans want the county’s foreign policy to be centered around the United States instead of China. This year marks the 30th year since…

Bidenflation: Peloton to Hike Prices on Exercise Equipment Citing Rising Costs

Exercise equipment maker Peloton reportedly plans to increase the price of its original Bike and Tread products, citing rising inflation and heightened supply chain costs. One executive explained:  “Right now, people are raising prices. Ikea just raised prices. We want to go in the middle of the pack.” CNBC reports that the exercise equipment maker Peloton…

Poll: 77 Percent of Americans Believe Bidenflation is Impacting Their Holiday Season  

Seventy-seven percent of Americans believe inflation is impacting their holiday season, according to Tuesday’s Yahoo News/YouGov poll. While a majority of Americans blame President Joe Biden for the inflation stifling their holiday season, only 18 percent believe “Biden is doing enough to address it.” The poll also shows overall eight in ten Americans are impacted by…

Procter & Gamble Raising Prices on Consumer Staples as Shortages and Bidenflation Bite

Procter & Gamble is raising prices on consumer staples and hiking its estimate of cost inflation. The consumer products giant—which makes Tide detergent, Bounty paper towels, Gillette razors, and Crest toothpaste—says it is paying more for raw materials and transportation than it expected and sees no easing of inflationary pressures. “The input cost pressures are…

Producer Prices Soar a Record 8.3% as Bidenflation Runs Hotter Than Expected

Prices charged by U.S. businesses jumped higher than expected in August, data from the Department of Labor said Friday. The Bureau of Labor Statistics’ Producer Price Index rose 0.7 percent compared with July. Compared with a year ago, the index is up 8.3 percent,  the fastest pace of price increases in data going back to 2010.…

Bidenflation: Homebuilders Slow Construction as Costs Skyrocket, Exacerbating Shortage of Homes

New home construction declined by more than expected in July, underlining how economic activity in the U.S. is being stymied by high prices, persistent shortages of materials, and a lack of willing workers. Residential housing starts fell  7 percent last month to a three-month low 1.53 million annualized rate, data from the Census Bureau showed…

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