Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances. For the bottom 80% of households by income, bank deposits and other liquid assets were lower in June this year than they were in March 2020, after adjustment for inflation. All income groups have seen their balances decline in real terms from a peak in 2021, according to the Fed survey. But among the wealthiest one-fifth of households, cash savings are still about 8% above their level when Covid hit. By contrast, the poorest two-fifths of Americans have seen an 8% drop in that period. And the next 40% — a group that roughly corresponds with the US middle class — saw their cash savings drop below pre-pandemic levels in the last quarter. The figures point to dwindling firepower available for US consumers, whose resilience has kept the economy growing at a rapid clip this year and staved off the recession that many expected. Some analysts warn a downturn is still in the cards as households run low on spare cash. (Source: bloomberg.com)
2. Consumers in the market for loans to buy homes and cars are discovering that, because of the Federal Reserve’s rate increases, their money gets them a lot less than it would have a few years ago. Meanwhile, those with credit cards and other loans that carry rates pegged to broader benchmarks are finding they have gotten much more expensive. Fed officials signaled last week that they plan to keep interest rates high for quite a while. For families who don’t need to borrow, higher rates might not affect daily life too much. But for those who do, the Fed’s aggressive rate increases are really beginning to sting. “The bite is starting now,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. (Source: wsj.com)
“Mr. Erwin was born in 1942 in Tyler, Texas, where the Black community lived on the north side of town, the whites lived on the south side and Black people did not cross Front Street after sundown.”
“And Black people did not cross Front Street after sundown”??? But whites felt free to stroll around the black part of town any time of day?
It’s the incessant myth of WHITE PEOPLE PREYING ON BLACKS!
In case you’re wondering, even in the 1940s, the black murder rate was many, many times higher than the white murder rate:
Bombshell. Mayo Clinic on Hydroxychloroquine. Last year a demoted secretary tried to pass themself off as a Scientific Medical expert and claimed that two of the most prestigious hospitals in the world were kook hospitals. One being the Mayo Clinic. Guess what the Mayo Clinic posted on their website.
Hydroxychloroquine is used to treat malaria. It is also used to prevent malaria infection in areas or regions where it is known that other medicines (eg, chloroquine) may not work. Hydroxychloroquine may also be used to treat coronavirus (COVID-19) in certain hospitalized patients.
Using this medicine alone or with other medicines (eg, azithromycin) may increase your risk of heart rhythm problems (eg, QT prolongation, ventricular fibrillation, ventricular tachycardia). Hydroxychloroquine should only be used for COVID-19 in a hospital or during clinical trials. Do not take any medicine that contains hydroxychloroquine unless prescribed by your doctor.
Time to focus on where Republicans are winning with the American Voters. I’ve made a decision that it’s time to ease up on the criminal activities of Joe and Hunter Biden. Don’t get me wrong. There’s crimes that have been committed, but we must look at the big picture.
Republicans are winning on the Border, The Economy, Education, COVID, and Green Energy. The Biden administration is screwing up in all of those areas. They want us to just focus on Hunter so their other misdeeds will go unnoticed.
So unless it’s earth shattering and a main News issue of the day, this writer will ease up on the Hunter and Joe Biden money laundering.
5 Major Problems with ProPublica’s Latest ‘Ethics’ Hit Piece on Justice Clarence Thomas.
By Ken Klukowski
Lawyer who served in the White House and Justice Department.
There are five major problems with the latest so-called “ethics” attack on Justice Clarence Thomas, which this time is a hit piece from the leftwing ProPublica, attempting to kick Thomas off an upcoming Supreme Court case.
ProPublica has the vapors over the fact that Thomas flew on a private jet to a conference in Palm Springs in 2018 hosted by the network of Charles and David Koch, suggesting several ethics violations. ProPublica is legally wrong on every claim.
Two problems are that Supreme Court justices can speak at nonpartisan gatherings so long as there are no presentations to or from parties to a case currently pending before the Court, and the justice does not engage in fundraising.
First, Thomas did not present at the conference on any issues pending before the court, and no parties or lawyers on cases that were scheduled at the court made any presentations to him.
Second, although fundraising certainly takes place at such gatherings, so long as the justice does not ask for money, the fact that private citizens do so is not an ethics concern for a justice in attendance.
On various occasions when liberal justices like Elena Kagan and Sonia Sotomayor have spoken at events, fundraising people huddle about how to promote the justice’s name to raise more money off the event. But Kagan and Sotomayor violate no ethics rules when this happens, because they are not the ones engaged in fundraising.
Third, it is utterly irrelevant that the Koch Network supports filing briefs in a case currently before the court that would change the scope of the federal government’s regulatory law. Justices frequently speak at events hosted by groups that take positions on pending matters, and the upcoming case is no different.
That case, Loper Bright, asks the court to overrule a 1984 case named Chevron, where the court held that courts should defer to agency bureaucrats about whether regulations are consistent with a law passed by Congress, if Congress’s law is either silent or ambiguous about the precise legal question at issue in the regulation.
Chevron should be overruled because it is egregiously wrong and has led to terrible results. It upends bedrock principles of the rule of law for judges who defer to the almost-all-powerful government about the government’s claims as to the government’s own power over citizens and companies. If anyone should get the benefit of the doubt, it should be the powerless ordinary citizen. But better yet, there should be no deference, and judges should just interpret the law and the regulations the same way they interpret any other law, regulation, or contract. (Full disclosure: I coauthored one of the many briefs in Loper Bright urging the Supreme Court to overrule Chevron.)
The left is panicking over Loper Bright. Chevron gives unelected bureaucrats enhanced power over the lives of private citizens on countless issues, from energy production, to transportation, to immigration, to transgenderism in schools, to firearms. It hobbles the ability of courts to require Congress to legislate clearly and for public policy to be made by officials accountable to the people. Overruling Chevron would restore transparency and good government, so the left is trying to disqualify conservative justices like Thomas from being able to vote on it.
Fourth, ProPublica’s authors are again ignoring judicial standards on personal hospitality. During the time in question (2018), if private individuals are a friend of a Supreme Court justice and offer the justice a seat on a private airplane, that form of personal hospitality is ethically allowed. Liberal justices like the late Ruth Bader Ginsburg and the retired Stephen Breyer frequently accepted such hospitality.
Fifth, even federal judges on lower courts that are already subject to the ethics code that Senate Democrats are trying to foist on the Supreme Court – a code that would be unconstitutional, because the Supreme Court is a coequal branch of government. In May 2005, Judge Ray Randolph – a highly respected judge on the powerful U.S. Court of Appeals for the D.C. Circuit – conferred with ethics counsel at the Judicial Conference regarding a similar trip.
The judicial ethics expert at the Judicial Conference responded that the trip did not even need to be disclosed. So even if the Supreme Court could be forced into a subordinate role to Congress, like the federal appeals courts are, such trips would still be permitted.
The left’s latest desperate attempt to smear Thomas – this one from ProPublica – appears to be yet another swing and miss. And the fact that it focused so heavily on gaslighting the American people about Loper Bright shows that it is just the latest attempt at reverse court-packing to disqualify conservative justices in a brazen attempt to manipulate the outcome of a Supreme Court case on government power.
No Virgina, they weren’t burning books, it was cardboard. Not so long ago (Sept 18) the white progressive supremacists were losing it. They claimed that a book burning was taking place in Missouri.
As usual no research was done to verify the story and the cultists were spreading the lie. Guess what PolitiFact said about this.
Video shows Republican Missouri state senators using flamethrowers to burn books.
The video claims to show state Sens. Bill Eigel and Nick Schroer using flamethrowers to burn books. In the video, Schroer and Eigel, who is running for Missouri governor in 2024, aim flamethrowers at a burning pile as an audience behind them watches.
Text on a Sept. 18 Instagram video of this fiery event reads, “WTF?! Elected Republican officials in MO participate in book burning.”
The Instagram posts were flagged as part of Meta’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook and Instagram.)
Several former intelligence officials who signed a letter suggesting that the Hunter Biden laptop was likely a “Russian information operation” are joining a federal “expert” board handling issues of national security, the Department of Homeland Security (DHS) announced Tuesday.
Former Director of National Intelligence James Clapper, former CIA Director John Brennan and former CIA Operations Officer Paul Kolbe, who will now serve on the board, all signed an October 2020 letter casting doubt on the legitimacy of the Hunter Biden laptop and suggesting its release was a Russian disinformation ploy. The group will advise DHS on intelligence and national security efforts regarding issues such as “terrorism, fentanyl, transborder issues, and emerging technology,” DHS announced.
The group will meet four times per year to advise DHS on countering threats to national security, according to the agency.
“The security of the American people depends on our capacity to collect, generate, and disseminate actionable intelligence to our federal, state, local, territorial, tribal, campus, and private sector partners,” Secretary of Homeland Security Alejandro N. Mayorkas said in a statement Tuesday regarding the group’s formation. “I express my deep gratitude to these distinguished individuals for dedicating their exceptional expertise, experience, and vision to our critical mission.”
Biden himself used the letter, whose conclusion is false, to characterize reports on the laptop’s contents as a “bunch of garbage.”
However, former Deputy CIA Director Michael Morrell testified to the House Judiciary Committee that then-Biden senior adviser Antony Blinken, who is now the Secretary of State, “triggered” the creation of the letter. Former CIA chief of staff Jeremy Bash, who signed the letter, connected Morrell and then-Biden campaign chairman Steve Richetti; Bash was later appointed to Biden’s Intelligence Advisory Board.
Moreover, both Clapper and Brennan have been previously criticized for misleading the American public.
Clapper gave incorrect information to Congress on multiple occasions, including in one instance when he gave “inconsistent testimony” about contacts he had with the media while in office. Brennan, for his part, denied that CIA officials had hacked the computers of Senate Intelligence Committee staffers, a statement that was later proven false.
The Letter signed by Brennan, Clapper and Kolbe argued that the release of emails from the laptop was an attempt by Russia to influence the U.S. election.
“We write to say that the arrival on the US political scene of emails purportedly belonging to Vice President Biden’s son Hunter, much of it related to his time serving on the Board of the Ukrainian gas company Burisma, has all the classic earmarks of a Russian information operation,” the 2020 letter read.
“If we are right, this is Russia trying to influence how Americans vote in this election, and we believe strongly that Americans need to be aware of this,” the letter added.
In a February letter to the Department of Justice (DOJ), lawyers representing Hunter Biden appeared to admit that data from his laptop is real.
Several social media platforms censored the New York Post’s reporting on the Hunter Biden laptop archive.
DHS didn’t immediately respond to a request for comment regarding the specifics of the board.
I guess white progressive supremacists are upset that a reporter/ producer from ABC shouted out a question that Biden keeps running from this question and others. Great question. But the hypocrites on the far left are pretending they’re upset cause Joey boy was walking out of church.
And how many of these cultists even know what a church is? Where I’m upset is that the gentleman deleted the awesome tweet.
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