September 24, 2022

Core Inflation Soars, Retail Sales Weaken

Commentary For the first time in decades, central banks are tightening their monetary policy while governments are continuing to spend money as if nothing has changed. Large enterprises are not harmed by the most recent rate increases as long as credit conditions are still lax. However, households and small enterprises are bearing the full weight

Joe Biden Not Worried About Inflation or Stock Market Plunge: ‘We’re Going to Be Fine’

President Joe Biden shrugged off the latest unexpectedly high inflation numbers on Tuesday even as they triggered a sudden plunge in the stock market. “I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day. The president spoke briefly to reporters after traveling…

BREAKING: GDP drops in second quarter of 2022 as inflation reeks havoc | Rick Santorum

Vulnerable Democrat Cindy Axne Claims Biden Student Loan Scheme Will Reduce Inflation

Vulnerable Rep. Cindy Axne, the lone Democrat in Congress from Iowa, claimed that President Joe Biden’s student loan forgiveness scheme “will bring down inflation,” despite what prominent Democrat economists and analysts have shown. Axne, on KMA Land’s Morning Line program Friday morning, disputed the notion that Biden’s student loan forgiveness scheme will increase inflation. The congresswoman pointed to…

Inflation Will Go Nowhere If Government Spending Spree Continues: Study

Central banks including the Federal Reserve will fail to curb inflation unless governments start to be responsible for spending, according to a study presented to central bankers at a Jackson Hole conference in Jackson Hole, Wyoming. The authors of the study, Francesco Bianchi of Johns Hopkins University and Leonardo Melosi of the Chicago Fed, warned…

Beef Prices Dropped in July as Inflation Pushed Consumers Toward Cheaper Meats or Poultry

Beef prices are declining for now, bringing some relief to American consumers who appear to be lately favoring cheaper sources of protein like chicken, as inflation started to spike months ago. Consumer demand had been trending towards cheaper cuts of meat or other sources of protein like poultry. The average price of steak is typically among the more expensive…

Dem Rep. Titus on CBO Estimates Inflation Act Won’t Impact Inflation Much in Next Year: ‘Inflation Is Already Coming Down’ 

On Saturday’s “CNN Newsroom,” Rep. Dina Titus (D-NV) responded to an estimate by the Congressional Budget Office (CBO) that the Inflation Reduction Act won’t have much of an impact on inflation this year or next year by saying that many economists say “inflation is already coming down. Gas prices are coming down. So, I believe…

‘Inflation Reduction Act’ a Win for Renewable Energy, Won’t Help Inflation

In his prepared remarks, President Joe Biden called the 2022 Inflation Reduction Act (IRA) one of the most “significant laws in our history” and hyped it as a win for reducing inflation and tackling the “climate crisis.” Likewise, Senate Democrats claim the IRA will “help fight inflation” while simultaneously lowering the cost of energy for…

Report: Raising a Child Costs over $300,000 Due to Soaring Inflation

Skyrocketing inflation is increasing the burden on American parents to raise children, according to the Brookings Institution. The Wall Street Journal published the left-wing institutions’ analysis that found it can cost up to over $310,605 to raise a child in today’s economy, which works out to an average of $18,271 per year to raise a…

Bobby Eberle on Newsmax — Gas Prices, Inflation, Build Back Better?

Hageman: Cheney Lost Due to Obsessive Focus on Trump When Voters Cared about Inflation, Energy, Illegal Immigration 

On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Wyoming Congressional candidate Harriet Hageman (R) stated that her opponent Rep. Liz Cheney (R-WY) lost in large part because “She’s not focusing on Wyoming. She’s not focusing on our issues. She’s still focusing on an obsession [with] President Trump.” And that inflation, illegal immigration, and energy…

Liz Cheney defeated in Wyoming, key inflation numbers due out today & more | LiveNOW from FOX

One year after Taliban take over, Afghan rights leader Sima Samar still heartbroken

NEWYou can now listen to Fox News articles! A year after the Taliban takeover of Afghanistan, prominent Afghan rights activist Sima Samar is still heartbroken over what happened to her country. Samar, a former minister of women’s affairs and the first chair of the Afghanistan Independent Human Rights Commission, left Kabul in July 2021 for […]

New Orleans inmates barricade themselves in pod, make demands including books, TV to watch Saints games

NEWYou can now listen to Fox News articles! Inmates inside the Orleans Justice Center in New Orleans have barricaded themselves inside a pod and have made a list of demands to improve their conditions.  The inmates’ long list of demands for prison officials includes, among other things, better food and medicine, more books, and a […]

Where’s Your Congressman?

Commentary Nearly everyone is familiar with the popular kid’s book “Where’s Waldo.” Each page is filled with faces plastered everywhere and you try to find the hidden picture of Waldo. Now let’s play, find the congressman or woman. I’m referring to the big vote recently to spend and tax $750 billion on top of the […]

Conservative Groups Slam ‘Blatant Politicization’ of DOJ Over FBI Raid of Mar-a-Lago

Multiple conservative organizations accused the Department of Justice and FBI of having “breached the public trust” by engaging in partisan politics against former President Donald Trump and his allies, according to an open letter issued on Friday. The Aug. 12 letter, obtained by The Daily Caller, asked Attorney General Merrick Garland to provide “an immediate and […]

Listening to the Voice

Commentary In 1967, 55 years ago, a referendum was held in Australia to allow a change to the Constitution that would remove the last impediment to the recognition of our Aboriginal people as full citizens. Australians are slow to accept constitutional changes: we have held 44 referenda since federation, but only eight of them returned […]

FACT CHECK: Did Ron DeSantis Defend The FBI’s Search Of Mar-A-Lago On ‘Hannity’?

A video shared on Facebook purportedly shows Republican Florida Gov. Ron DeSantis defending the FBI’s recent search of former President Donald Trump’s Florida residence on “Hannity.”The clip is digitally edited. A spokesperson for Fox News denied the clip’s authenticity.The FBI conducted a search of Trump’s Mar-a-Lago home in Florida on Aug. 8, according to The…

Jamie Raskin Dodges Question on How ‘Inflation Reduction’ Act Reduces Inflation

Rep. Jamie Raskin (D-MD) dodged a question recently on how the Inflation Reduction Act would reduce inflation, as multiple studies have found that it would do little to nothing to reduce inflation. One reporter asked Raskin, “What parts of the bill do you think will put to work on [lowering inflation] specifically?” “What parts of…

Gov. Abbott accused of ‘brutality,’ ‘human trafficking’ by columnist for busing illegal immigrants to NYC

NEWYou can now listen to Fox News articles! Frequent CNN columnist and MSNBC guest Dean Obeidallah ripped Gov. Greg Abbott, R-Texas., for busing illegal immigrants to New York City, which led Washington Post columnist Jennifer Rubin to join in on the bashing of the red state on Twitter over the weekend.  On Friday, Obeidallah tweeted […]

Oil Slips Amid Chance of Iran Nuclear Deal Supply Boost

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas on June 9, 2016. (Richard Carson/Reuters) LONDON—Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to […]

Charlie Chaplin: Between Showers (1914)

Charlie and another man compete in trying to help a young lady cross a muddy street. The rival finds a wooden plank, which Charlie takes from him. They fight over an umbrella belonging to the rival. A policeman settles the dispute, ultimately arresting the rival. An innocent tramp is pushed into the lake. Credit: Public […]

Stocks Stumble as Caution Reigns Ahead of US Inflation Data

LONDON—Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an unexpectedly strong U.S. jobs data last […]

Democrats Poised to Spend $3.5 Trillion During Historic Inflation with Republican Help

President Joe Biden and congressional Democrats, with Republican help, are poised to spend $3.5 trillion during decades-high inflation. “Passage of the Inflation Reduction Act will make Biden one of the most legislatively successful presidents of the modern era,” Politico Playbook writers Ryan Lizza and Eugene Daniels wrote. Although congressional Democrats have only a four-member majority in the House…

Bobby Eberle on Newsmax — Biden’s Border Crisis, Inflation, Gas Prices

GOP Issues Warning as Democrat ‘Inflation Act’ Includes Hiring of 87,000 New IRS Agents

Republicans say a piece of Democrat-backed legislation worth $740 billion includes funding to hire 87,000 new Internal Revenue Service (IRS) agents, which they say will target Americans. The measure, known as the “Inflation Reduction Act,” was approved in a 51–50 vote as Vice President Kamala Harris served as a tie-breaker for Democrats. A provision includes…

Democrats Reject Ban on Middle-Class Tax Hikes in ‘Inflation Reduction Act’

Senate Democrats, on a party-line vote, rejected an amendment to their “Inflation Reduction Act” that would ban Internal Revenue Service (IRS) funds from being used to go after working and middle-class Americans with audits and tax hikes. On Sunday, Senate Democrats passed the Inflation Reduction Act which includes $8src billion for the IRS to target…

Inflation Reduction Act Includes $30 Billion for Nuclear Reactors at Risk of Shutdown

The Inflation Reduction Act (IRA) of 2022 will help to finance struggling nuclear reactors and could save dozens from being shut down early thanks to a 10-year production tax credit. The $433 billion IRA, which was negotiated chiefly by U.S. Sen. Joe Manchin (D-W.Va.) with Senate Majority Leader Chuck Schumer (D-N.Y.), has been touted by Democrats as a way to fend…

Joe Biden: Americans Complaining About Inflation Forgot We Sent Them a Check for $8,000

President Joe Biden on Thursday reminded Americans suffering from inflation and high gas prices that he sent them a check for $8,srcsrcsrc in 2src21. “There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for…

Senate Republicans, Democrats Rebuke Joe Biden, Janet Yellen: ‘Tariffs Are Not a Driver of Today’s Inflation’

Senate Republicans and Democrats are rebuking claims from President Joe Biden and Treasury Department Secretary Janet Yellen that United States tariffs on Chinese imports have helped spur record inflation for American consumers. Sens. Rob Portman (R-OH), Sherrod Brown (R-OH), Mitt Romney (R-UT), Kevin Cramer (R-ND), Mike Braun (R-IN), Robert Casey (D-PA), Rick Scott (R-FL), James…