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“Dems’ profound Jan. 6 cynicism and other commentary” Neocon: Dems’ Profound Jan. 6 Cynicism “If January 6 was a seminal day in American history that must never be repeated,” asks Commentary’s Noah Rothman, “why is the Democratic Party doing its utmost to prop up insurrectionary elements on the right?” Witness “a Nancy Pelosi-affiliated PAC’s . ….
” Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation “ Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to…
“Biden bullies oil companies over ‘well above normal’ profits” President Biden stepped up his rhetoric against oil companies Wednesday, telling the seven major refiners their profit margins were “well above normal” and demanding that they explain themselves to the White House. “[A]t a time of war, refinery profit margins well above normal being passed directly…
“Democrats doomed by feeble Joe Biden and weak batch of candidates behind him” Now that The New York Times has signaled its approval for Democrats to say out loud that they don’t want President Biden to run for reelection in 2024, the floodgates are open. Everywhere you turn, there is suddenly a Dem willing to…
“Biden’s denials on the economy assure Americans more pain down the road” In a fresh sign that inflation won’t abate soon, the Producer Price Index, which logs business costs, soared 10.8% over last year — close to the record high set in 1981. Those increases mean yet higher future prices for consumers. Even President Joe…
“Nation knows it’s Biden’s fault and other commentary” Neocon: Nation Knows It’s Biden’s Fault “Inflation is everyone’s priority,” notes Noah Rothman at Commentary — and if “today’s dire circumstances” should “become an existential emergency,” then “the blame . . . is likely to fall squarely on the party in power.” That’s despite President Biden’s “simplistic, monocausal rationale”…
“Inflation causes NYC restaurant prices to soar” Hey, big spender. New Yorkers who love to dine out are reeling from the latest affront — huge price hikes for standard dishes with no “luxury” ingredients such as foie gras or truffles in sight. Roast chicken for $40. Halibut for $50. Pasta dishes starting at a whopping…
“Wall Street’s favorite recession indicator is flashing red” A closely watched recession predictor in the bond market just flashed red, spurring fresh concern that the US economy is on track for a downturn this year as a result of the Federal Reserve’s war on inflation. The spread between the 2-year and 10-year Treasury yields inverted this week…
“Billionaire Leon Cooperman calls cryptocurrency ‘crap’” Stocks still have further to fall, billionaire investor Leon Cooperman warned on Tuesday — adding that speculative assets such as SPAC deals, cryptocurrencies and NFTs are “crap” and aren’t likely to recover anytime soon. Cooperman, the chairman and CEO of Omega Advisors, said he sees the US economy falling…
“US producer prices soar 10.8% in May as cost of gas spikes” US producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Tuesday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches…