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Federal Reserve Makes Drastic Rate Hike Decision as Biden Policies Fail

The trouble continues.

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For almost a year and a half now, Americans have been waiting patiently for President Joe Biden to tackle the issues facing our economy, and throughout that period they have been disappointed.

They’ve watched in horror as gas prices skyrocket, in turn driving up the cost of other goods and services across the board, and making trips to the grocery store feel more like trips to the proctologist.

Now, as inflation hits a number of 40 year highs, the Federal Reserve has been forced to take drastic action.

The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation.

“Inflation is much too high and we understand the hardship it is causing, we’re moving expeditiously to bring it back down,” Fed Chairman Jerome Powell said during a news conference which he started by saying he wanted to “directly address the American people.” He later noted the burden of inflation on lower-income people, saying, “we’re strongly committed to restoring price stability.”

That likely will mean, according to the chairman’s comments, multiple 50-basis-point rate hikes ahead though nothing more aggressive than that.

The move caused the stock market to inch higher on Wednesday, as investors had been preparing all week for the announcement…whichever way it was to go.

Opinion

Pence v. Trump 2024? Former Veep Leaves the Door Open

WHOA!

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There has been an incredible amount of speculation as to whether or not Donald Trump will be again running for President in 2024, and there are a number of factors still at play that could create seismic shifts in the race to come.

For instance, if Trump’s former Vice President Mike Pence were to decide to run against him in 2024’s primary…

Mike Pence is not ruling out the possibility of going head-to-head with his old boss Donald Trump in a 2024 Republican presidential primary, a new report suggested on Monday.

‘We’ll go where we’re called,’ Pence told the New York Times when asked about the possible head-to-head.

‘That’s the way Karen and I have always approached these things.’

Trump was not thrilled with the idea.

Meanwhile Trump, despite not formally declaring a 2024 bid yet, has eyes on the competition – including Pence.

In a statement to DailyMail.com, his spokesman slammed his old deputy as ‘desperate’ and mocked him for trying to ‘chase’ his ‘lost relevance’ amid the former running mates’ latest divide over backing separate candidates in the Peach State’s gubernatorial election.

Former President Trump is said to be waiting until after the 2022 midterms to make an official announcement regarding 2024, but there have been plenty of hints regarding his potential campaign – the latest of which came from former First Lady Melania Trump.

 

There has been an incredible amount of speculation as to whether or not Donald Trump will be again running for President in 2024, and there are a number of factors still at play that could create seismic shifts in the race to come. For instance, if Trump’s former Vice President Mike Pence were to decide to run against him in 2024’s primary… Mike Pence is not ruling out the possibility of going head-to-head with his old boss Donald Trump in a 2024 Republican presidential primary, a new report suggested on Monday. ‘We’ll go where we’re called,’ Pence told the New York Times when asked about the possible head-to-head. ‘That’s the way Karen and I have always approached these things.’ Trump was not thrilled with the idea. Meanwhile Trump, despite not formally declaring a 2024 bid yet, has eyes on the competition – including Pence. In a statement to DailyMail.com, his spokesman slammed his old deputy as ‘desperate’ and mocked him for trying to ‘chase’ his ‘lost relevance’ amid the former running mates’ latest divide over backing separate candidates in the Peach State’s gubernatorial election. Former President Trump is said to be waiting until after the 2022 midterms to make an official announcement regarding 2024, but there have been plenty of hints regarding his potential campaign – the latest of which came from former First Lady Melania Trump.  

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Verdict Reached in First Russian War Crimes Trial

This is just the first of many, certainly.

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Russia’s invasion of Ukraine has been a brutal one, and increasingly so as the Kremlin’s soldiers find themselves in more and more trouble of their own making.

As the war grows ever more impossible for Russia to win, the troops sent into Ukraine have been committing a series of worsening atrocities.  It’s terrorism at the least, (and very likely a full-fledge genocide), and it belies just how poorly things are going for Russia.

Now, in the first war crimes trial of the conflict, a verdict has been reached.

In the first of what could be a multitude of war crimes trials held by Ukraine, Russian Sgt. Vadim Shishimarin, 21, was sentenced for the killing of a 62-year-old man who was shot in the head in a village in the northeastern Sumy region in the opening days of the war.

Shishimarin, a member of a tank unit, had claimed he was following orders, and he apologized to the man’s widow in court.

His Ukraine-appointed defense attorney, Victor Ovsyanikov, argued his client had been unprepared for the “violent military confrontation” and mass casualties that Russian troops encountered when they invaded. He said he would appeal.

There was no doubt about the court’s legitimacy, either.

Ukrainian civil liberties advocate Volodymyr Yavorskyy said it was “an extremely harsh sentence for one murder during the war.” But Aarif Abraham, a British-based human rights lawyer, said the trial was conducted “with what appears to be full and fair due process,” including access to an attorney.

Given the sheer amount of heinous deeds the world has witnessed in Ukraine, there is no doubt that more war crimes trials will be coming.

Russia’s invasion of Ukraine has been a brutal one, and increasingly so as the Kremlin’s soldiers find themselves in more and more trouble of their own making. As the war grows ever more impossible for Russia to win, the troops sent into Ukraine have been committing a series of worsening atrocities.  It’s terrorism at the least, (and very likely a full-fledge genocide), and it belies just how poorly things are going for Russia. Now, in the first war crimes trial of the conflict, a verdict has been reached. In the first of what could be a multitude of war crimes trials held by Ukraine, Russian Sgt. Vadim Shishimarin, 21, was sentenced for the killing of a 62-year-old man who was shot in the head in a village in the northeastern Sumy region in the opening days of the war. Shishimarin, a member of a tank unit, had claimed he was following orders, and he apologized to the man’s widow in court. His Ukraine-appointed defense attorney, Victor Ovsyanikov, argued his client had been unprepared for the “violent military confrontation” and mass casualties that Russian troops encountered when they invaded. He said he would appeal. There was no doubt about the court’s legitimacy, either. Ukrainian civil liberties advocate Volodymyr Yavorskyy said it was “an extremely harsh sentence for one murder during the war.” But Aarif Abraham, a British-based human rights lawyer, said the trial was conducted “with what appears to be full and fair due process,” including access to an attorney. Given the sheer amount of heinous deeds the world has witnessed in Ukraine, there is no doubt that more war crimes trials will be coming.

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