January 26, 2022

Eurozone Hits Record 5 Per Cent Inflation in December, Energy Prices Remain High

Inflation numbers in the Eurozone hit a record high of five per cent in a single month in December, topping the previous record set the month before as high energy prices are believed to be driving the trend. Data released this week revealed that the Eurozone, which encompasses every country that uses the euro currency,…

Washington “pours gasoline on the inflation fire” | Charles Mizrahi | ‘The Chris Salcedo Show’

FLASHBACK: Joe Biden foreshadows his inflation crisis

Jen Psaki spins President Biden’s inflation crisis | The Chris Salcedo Show

Brooks: Biden’s Not to Blame for Inflation Rates, ‘We’re in an Overheating Economy’

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that we have “an overheating economy” but President Joe Biden isn’t to blame for inflation. Brooks said, “I don’t think he’s to blame for the inflation rates. I think that’s mostly the supply chain issues and other things, and the fact that we have a booming…

Rising inflation impacting the Thanksgiving table | National Report

UK May Accelerate CCP Virus Vaccine Booster Rollout

Over-18s in the UK will receive a CCP (Chinese Communist Party) virus booster vaccine earlier than previously envisioned, a senior government adviser on immunisation said on Sunday. Professor Anthony Harnden, deputy chairman of the Joint Committee on Vaccination and Immunisation (JCVI), said accelerating the booster programme by extending the eligible age range and reducing the interval…

Treating Long-Haul Syndrome

Long COVID, also known as long-haul COVID, chronic COVID, or long-haul syndrome, refers to symptoms that persist for four or more weeks after an initial COVID-19 infection. Board-certified internist and cardiologist Dr. Peter McCullough discusses potential treatments for long-haul COVID in an interview with ​​Dr. Al Johnson posted on YouTube, including which tests may be…

US-based Company Developing Vaccine That Targets New COVID-19 Variant

A U.S. biotechnology company is working on a version of its COVID-19 vaccine that specifically targets the newly identified Omicron variant. Maryland-based Novavax has already started developing the version of its protein-based vaccine, with plans to start testing it next month. The updated formulation revolves around a new spike protein, which triggers a response from…

Man Arrested for Attempting to Rob Home Depot in San Diego

Customers shop at a Home Depot store in Chicago, Ill., on July 26, 2017. (Scott Olson/Getty Images) EL CAJON, Calif.—Police arrested a 38-year-old man who allegedly attempted to steal $800 worth of merchandise from a Home Depot in El Cajon and menaced employees with a Taser on Friday, Nov. 26. Jmikel Wilson, who is believed to be…

‘It’s Ravaging Our People’: John Kennedy Holds Nothing Back With Powell, Yellen Over Skyrocketing Inflation

Republican Louisiana Sen. John Kennedy pressed Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Janet Yellen on the continuing rise of inflation on the Senate floor Tuesday.“Is the Fed considering increasing the pace of its tapering? We’ve got to get control of inflation, it’s ravaging our people,” Kennedy told Powell. “I think what we…

Kristol: Realize There Was No Thanksgiving Last Year Before Complaining About Inflation

During Wednesday’s “Newsroom” on CNN, political commentator Bill Kristol argued that people should realize there was no Thanksgiving last year given the COVID pandemic before they complained about inflation causing soaring food prices this year. Kristol said, “I think that they are crazy enough to try to take more credit for what the progress has…

Exposed – Creator of QAnon Speaks for the First Time

An online conspiracy group called QAnon is being debunked by one of the group’s founders. One America’s Jack Posobiec spoke with one of the former top …

Inflation hits highest level in a decade as fuel bills soar

Mohamed El-Erian: ‘The Fed Is Losing Credibility’ over Inflation Narrative

Allianz chief economic adviser Mohamed El-Erian on Monday warned of the “implications” of the Federal Reserve’s stance that inflation is transitory. While speaking with CNBC’s Dan Murphy at the ADIPEC energy industry forum in Abu Dhabi, El-Erian pushed back against the notion that inflation was transitory, predicting it could have a “lasting impact.” “We are…

Donna Brazile on Inflation Concerns: ‘Be a Smart Shopper’

Democratic strategist Donna Brazile said Sunday on ABC’s “This Week” offered her advice for those struggling with the inflationary pressures on the American economy: be smart shoppers.STEPHANOPOULOS: And, Chris, one of the things the White House is counting on, that if they are able to pass this bipartisan — well, it’s the bipartisan infrastructure bill…

Summers: Odds Are We’ll Have Inflation ‘We Haven’t Seen in 30 Years’ on Current Path

On Friday’s broadcast of CNN’s “OutFront,” economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, “odds are that we’re going to have inflation of a kind we haven’t seen in 30 years” and that it’s “quite unlikely” inflation will go back to a normal level…

Exclusive — Steve Cortes Predicts ‘Biden Blue Christmas’ with Inflation, Supply Chain Breakdowns

JOHN MACDOUGALL/AFP via Getty Steve Cortes, co-host of Newsmax’s Cortes & Pellegrino, predicted on Monday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow that inflation and global supply chain breakdowns would yield what he dubbed a “Biden Blue Christmas” for Americans. Increased costs of goods and services — including for expenses such as…

Consumer Prices Soar 6.2%, Fastest Rate of Inflation Since 1990

Consumer prices rose at their fastest rate in decades in October, data from the Department of Labor showed Wednesday. The Consumer Price Index rose 0.9 percent in October from September, exceeding expectations for a 0.6 percent rise. Compared with the prior October, prices are up 6.2 percent, exceeding expectations for a 5.8 percent rise and…

Mexico’s Central Bank Raises Interest Rate to 4.75 Percent Over Inflation Concern

The Bank of Mexico raised the benchmark interest rate by one-quarter percent to 4.75 percent in a 4:1 split vote on Thursday over short-term inflation concerns. The central bank of the second-largest Latin American economy, also known as Banxico, revised upward the inflation in the latest inflation forecasts because of “global inflationary pressures and bottlenecks…

No Place to Hide: Investors to Trawl Europe’s Q3 Earnings for Inflation Clues

LONDON—As Europe’s third-quarter reporting season kicks into gear, investors are scrutinizing company results for any signs that supply chain strains, labor shortages, and surging energy prices are starting to undermine profits. Confidence in Europe’s earnings resilience has helped the continent’s bourses recover from a wobble in September with the latest Refinitiv I/B/E/S data showing third-quarter…

Moody’s Economist: Biden’s Inflation Costing Average Americans an Extra $175 Per Month

President Biden’s inflation is reportedly costing average American households an extra $175 per month. “For households earning the U.S. median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel and housing,” chief economist at Moody’s Analytics Mark Zandi told the New York Post. “That’s…

House Democrats Pressure Pelosi to Untie Infrastructure Bills amid Worries Reconciliation Will Exacerbate Inflation 

House Democrats are pressuring House Speaker Nancy Pelosi (D-CA) to hold an immediate vote on the Senate infrastructure bill, untying the bill from the trojan horse reconciliation package amid fears of exacerbating inflation and the national debt. “After years of waiting, the country cannot afford unnecessary delays to finally deliver on a physical infrastructure package,”…

Mike Lee: Biden Spending Plan a ‘Multi-Trillion Dollar Inflation Bomb’ –

Sunday on New York WABC 770 AM radio’s “The Cats Roundtable,” Sen. Mike Lee (R-UT) ripped the Democrats’ $3.5 trillion infrastructure deal. Lee described the “multi-trillion dollar inflation bomb” as “reverse Robin Rood” because it robs the poor to give to the rich. He warned the middle class and below “will be most hurt” by…

Despite Inflation Turmoil, Border Crisis, Biden and Harris Hit the Road to Campaign for Democrats

Inflation across the nation and an open border with Mexico are pressing issues facing the country, but President Joe Biden and Vice President Kamala Harris are taking time to hit the campaign trail to support fellow Democrats. Biden will make his first in-person campaign event on Friday evening when he will join Democrat Virginia gubernatorial…

Pinkerton: What Inflation Does and What to Do About It –

For much of the Biden presidency, the Main Stream Media-approved economic experts have been nonchalant about inflation.    Even as prices were rising—gasoline, for instance, jumped by about 20 percent in the first two months of the Biden presidency—the public was advised to stay calm.   Sample March 10 headline from the reliably pro-Biden New York…

Worries About Big Ticket Item Inflation Hit Worse Level Since 1982

The last time Americans were this unhappy about prices of big-ticket purchases was 1982, when the Federal Reserve was fighting a war against double-digit inflation. The University of Michigan’s survey of consumer sentiment showed U.S. consumers more concerned with higher prices of appliances, houses, and cars than anytime in 39 years, according to the survey’s…

Biden Budget Proposes $6 Trillion Annual Spending as Inflation Soars to 29-Year High

President Joe Biden released his budget Friday, proposing $6.01 trillion in annual spending even as the economy is going through record inflation. The Commerce Department reported Friday that core personal consumption expenditures hit a 3.1 percent annual gain in April — the highest since May 1992. The plan calls for a 36.6 percent increase in…

Populist Uprisings and the Inversion of Inflation

Today’s populism echoes that of the 1890’s, but changes to the economy have muddied the waters.Hotly contested elections are nothing new in this country, nor are elections fought around themes of populism. These battles have been fought as far back as the first iteration of American populism with James Weaver and his protégé William Jennings…

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