Connect with us

Opinion

Inflation Rate Takes Wild Turn as Biden’s Economic Policies Flounder

This really can’t go on much longer.

Published

on

From the moment that Joe Biden assumed the role of Commander in Chief, economists began to wonder and worry.  We’d be transitioning from a very business-minded President to someone who has spent more than half of their life suckling at the taxpayer teat.  Would our current prosperity survive such a wild, polar shift?

And while no dollar-tied disaster has yet occurred in earnest, there are signs that trouble is coming over the horizon, particularly when it comes to Biden’s handling of the current rate of inflation in America.

U.S. consumer prices jumped by the most in nearly four decades as the new year started, sapping the savings of American families, diminishing the purchasing power of worker paychecks, and putting pressure on the Federal Reserve to hike interest rates beginning in March.

The consumer price index climbed 0.6 percent from a month before, the Department of Labor said Thursday. Compared with January of last year, consumer prices are up 7.5 percent.

Economists had expected prices to rise 0.4 percent on a monthly basis and 7.2 percent above a year ago’s prices.

Economists had already begun to suggest that some drastic measures might be in order.

The Federal Reserve is expected to raise its target interest rate in March, months earlier than market watchers thought last year. Swaps prices prior to the release of consumer prices on Thursday implied about a twenty-five percent chance that the Fed will raise its target by two notches, a half a percentage point, at the March meeting, breaking the recent pattern of raising the target by just one-quarter of a percentage point at each meeting. After the release, the odds of a half-point hike jumped to 44 percent. Fed watchers are also debating how many times the Fed will hike rates, with swaps prices now implying at least three and perhaps four hikes this year. Many analysts, however, increasingly think the Fed will hike five to seven times this year as inflation proves less tractable than officials believed.

The squeeze is being felt around the nation, and is undoubtedly affecting the way in which the US taxpayer is viewing the Democratic Party.

 

Opinion

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

WHOA!

Published

on

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.  

Continue Reading

Opinion

Verdict Reached in First Russian War Crimes Trial

This is just the first of many, certainly.

Published

on

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.

Continue Reading

Latest Articles

Best of the Week