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Wednesday, May 18, 2022

Khanna: Part of Inflation Is ‘Too Much Money’ with Declining Production and ‘Government Spending’

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Rep. Ro Khanna (D-CA) stated that part of the inflation issue is “too much money chasing production that has gone down,” and “Part of it was the government spending, both under Trump and President Biden, which I still support. Because it helped get…

Top Biden Adviser Tries To Boast About A Nominee’s Skin Color. Martha MacCallum Is...

Fox News’ Martha MacCallum hit back against a top Biden adviser Thursday who tried to claim having a black woman serve on the Federal Reserve board of governors would somehow help solve the inflation crisis.While discussing rising inflation and fears about a worsening economy on “The Story,” White House council of economic advisers Jared Bernstein…

Breitbart Business Digest: Core Inflation Went from Bad to Worse in April

NICHOLAS KAMM/AFP via Getty Images The idea that we might be headed toward a “softish landing” was probably the great victim of the April report on the Consumer Price Index (CPI). Consumer prices were up another 0.3 percent in April for a higher than expected 8.3 percent annual gain. The official consensus had inflation slowing…

China, Failing to Drag Ukraine Fully into Belt and Road, Accuses U.S. of Making...

China’s state-run Global Times — house organ of the world’s leading practitioner of debt-trap colonialism — warned Ukrainian President Volodymyr Zelensky on Tuesday that Washington is trying to enslave his country with military debts it can never repay. The Biden administration’s $33 billion aid bill for Ukraine has plenty of sincere domestic opposition, but the Global…

Another Crisis: Nationwide Baby Formula Shortage Puts The Squeeze On Parents

7American parents are struggling as retailers enter the second month of a nationwide baby formula shortage.Forty percent of the top baby formula products at American retailers were out of stock as of April 24, CBS News reported, citing an analysis by Datasembly. The White House said Wednesday the issue is a “top priority” for the…

YouTube Censors Heritage Foundation Video of Trump Speech

Well over a year since Joe Biden’s inauguration, Big Tech continues to take a zero-tolerance approach to claims of fraud in the 2020 election, with YouTube recently removing a video of a speech by former President Donald Trump discussing the issue at an event in Florida. In a comment to Breitbart News, a spokeswoman for…

Exclusive: Baby Formula Shortage Is Getting Worse

The supply chain kinks are taking a toll on parents and their infant children as shortages of baby formula continue and, in fact, the product is one of the most directly impacted on the market. “Since early April, baby formula out of stock rates have soared to 40 percent across the country, according to our…

Breitbart Business Digest: Everyone Has a Job and No One Is Happy

The April employment reports released Friday perfectly encapsulated the economic moment: everyone has a job and no one is happy about it because of inflation. Job growth remains surprisingly strong. Nonfarm payrolls grew by 428,000 jobs, beating the forecast for 380,000. The forecast figure would have been impressive in any economy and the beat even…

Breitbart Business Digest: It’s Not Over

The faith of the followers of Fed Chairman Jerome Powell is fickle. Yesterday, Powell set the market on fire with hope by putting a ceiling on rate hikes. The Fed would probably raise rates by 50 basis points a couple of more times, Powell said, before dropping the hikes down to 25 basis points when…

Republicans to DHS Mayorkas: ‘Why Not Enforce the Laws?’

Hostile Republican Senators used two hearings on Wednesday to interrogate President Joe Border’s border chief about his refusal to enforce the nation’s border laws. “Why not enforce the laws that you have now instead of sit there and ask for new ones?” Sen. John Hoeven (R-ND) asked Alejandro Mayorkas, the pro-migration secretary of the Department…

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