✪ After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression...
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✪ Senator Rand Paul (R-Ky.) on Thursday threw a wrench in the Senate’s plans to swiftly pass the $40 billion Ukraine package this week, delaying the vote until at least next week, and possibly beyond…
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✪ Diesel prices reached a nationwide average of $5.54 per gallon on Monday, setting a new all-time record, according to the AAA travel agency’s gas tracker. In March, the cost of regular unleaded fuel remained less than half a cent from its record high of $4.33 per gallon, at $4.328 on Monday...
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✪ Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of the most significant and most painful financial crises in our nation’s history—and the worst losses since the crash of 1929. Millions of people lost their jobs. Hundreds of thousands defaulted on their mortgages and lost their homes...
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✪ As Congress comes back into session with a packed agenda, Senate Republicans are pursuing legislation that could undo former President Trump’s trade policies toward China. Seems Senate Republicans are poor custodians of the ‘America First’ agenda they claim to stand for...
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✪ Talks of nine more hikes to cool inflation. DOW rallies on the news and closes UP 932 points: markets looking artificial and manipulated…
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✪ The latest index of world food prices was released by the UN’s Food and Agriculture Organization (FAO) on April 8th. The FAO’s Food Price Index climbed to 159.3 in March, which in real terms is roughly double its level in 2000, about 80% above its 2019 level, and the highest since records began in 1961...
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✪ The IMF has become the most recent global body to release a warning regarding potentially forthcoming global food shortages, saying that vulnerable nations are at risk of civil unrest amid supply issues...
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Despite Raging Inflation, Congress Determined To Continue Wasteful Spending Spree
✪ Inflation, which was already a problem at the start of this year, is now reaching record levels not seen for decades. Real wages are down 4.5% since President Joe Biden took office, and inflation is hitting all 50 states. Some aspects of inflation are seen across the global economy. However, inflation is still higher in the U.S. than in similar countries…
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✪ There is no question that basketball is China’s most popular sport. “Roughly 800 million people in China tuned into an NBA game. … That’s more than twice the population of the United States,” NBC News reported in 2019…
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