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“#The media fall in line for Biden” President Biden’s disastrous performance — on the economy, the southern border, Afghanistan, race relations — has led to low approval ratings and dire projections for Democrats in the upcoming midterms. So what does the White House do? It blames the messenger: the media. And demands more favorable coverage….
“#Consumers spending at ‘faster rate’ than ever: Bank of America CEO” The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. In an interview this month with the…
“#Americans hammer Biden over inflation, the economy” A majority of Americans disapprove of how President Biden is handling the economic recovery, inflation, immigration and crime — with his only positive numbers coming from his response to the coronavirus pandemic and his infrastructure plan, according to a poll released Sunday. Sixty-nine percent of Americans give Biden…
“#Prices spike 6.8 percent, most in 39 years” Prices spiked a whopping 6.8 percent in November, compared with the same time last year — the fastest acceleration of inflation the country has seen in 39 years, the feds announced Friday. It’s the highest year-over-year reading of the Labor Department’s Consumer Price Index, which measures a…
“#Fewer Americans quit their jobs in October” The “Great Resignation” appears to be winding down. The number of American workers who quit their jobs stalled in October, with 205,000 fewer people handing in resignation letters compared to the month prior, according to the Labor Department’s Job Openings and Labor Turnover Survey released on Wednesday. As…
“#Biden letting lefty Elizabeth Warren call the fin-reg shots” Who elected Elizabeth Warren president of the US economy? All signs point to Joe Biden, who between naps and licks of his ice cream cone has bestowed upon Warren de facto presidential powers to appoint people to key government posts that influence the nation’s economy. I…
“#Top economist warns of possible 1970s-style ‘stagflation’” The chief economic adviser for financial services firm Allianz warned that the new coronavirus variant Omicron could shake up the markets, exacerbate supply chain woes, amplify record-high inflation pressures — and possibly result in 1970s-style “stagflation.” Economist Mohamed El-Erian was asked by “Fox News Sunday” host Trace Gallagher…
“#Dow tanks 900 points on COVID concerns, worst one-day drop of the year” The Dow Jones Industrial Average tanked more than 900 points Friday in a holiday-shortened trading day after the discovery of a new variant of COVID-19 in South Africa jolted investors around the world. The Dow fell as much as 1,000 points at one point, but finished the…
“#Canada’s real estate market in 2022: What to expect in the new year” Three trend predictions on the direction of the country’s housing market in the year to come, according to the experts Prepare for a sales dip The Canadian Real Estate Association predicts the average home price will increase to $718,000 (up 5.6 per…
“#Four ways supply chain issues will continue into the new year” Supply chain gaps meet rising consumer demand. Prepare for a year of shortages. An empty lot A semiconductor shortage has already thrown a wrench into the auto parts supply chain. Now warnings about a global magnesium shortage (a key component used to make aluminum…