It should be good news for Biden. Generally presidents benefit from good economic “vibes.” But who knows? He’s old so they may just hate him no matter the reality. It appears Americans are finally feeling better about the economy. Consumer sentiment, a window into the nation’s financial mood, jumped 13 percent in January to its highest level since mid-2021, reflecting optimism that inflation is easing and incomes are rising, according to a closely watched survey by the University of Michigan. Since November, consumer sentiment has risen 29 percent, marking the largest two-month increase in more than 30 years. Gas prices, often a key driver of sentiment, have fallen 40 percent since June 2022, to just over $3 a gallon. Weekly jobless claims are at their lowest level in more than a year. Sales of cars, clothing and sporting goods all picked up during the holidays, as consumers felt confident enough to keep spending. Meanwhile, the stock market is surging to new records, with the S&P 500 closing at an all-time high on Friday.
Uncategorized
There are exceptions:
Roger Stone must be proud In case you were wondering who the guy is who’s pushing this scandal about Fani Willis having an affair with her co-prosecutor, it’s this guy. (Article from 2016) Donald Trump’s “election protection” effort will be run by Mike Roman, a Republican operative best known for promoting a video of apparent voter intimidation by the New Black Panthers outside a polling place in 2008. Roman is to oversee poll-watching efforts as Trump undertakes an unprecedented effort by a major party nominee by calling into question the legitimacy of the popular vote weeks before election day. The Republican nominee has insisted, without evidence, that dead people and undocumented immigrants are voting in the United States. Trump has long claimed that the 2016 election is rigged but has amplified his claims of voter fraud in recent days. On Monday he tweeted: “Of course there is large scale voter fraud happening on and before election day. Why do Republican leaders deny what is going on?
MAGA Republicans don’t want to fix the border Republicans no longer have abortion to run on in 2024 thanks to Donald Trump and his SCOTUS appointments. They’re running away from abortion. With good cause. They have lost everywhere abortion rights have been on the ballot in election after election since SCOTUS overturned Roe in June of 2022. So they’ve latched onto scare-mongering about brown-skinned immigrants, the real ones at the southern border and the even scarier Others they can conjure in the minds of their voters. Immigration is too good a campaign weapon to lose before November. Laura Ingraham claimed on her show Wednesday that she’d spoken with Trump and he’s adamant that House Republicans reject the bipartisan immigration bill passed by the U.S. Senate. Republican House Speaker Mike Johnson is on board (Meidas Touch): Republican Speaker Mike Johnson admitted to Laura Ingraham on Fox News Wednesday night that he has been talking to Donald Trump “pretty frequently” about a possible deal being negotiated to fix problems at the border.
Biden bridges it in N.C. President Joe Biden visited North Carolina on Thursday to remind Tar Heel State citizens what his infrastructure plan has already delivered: Who remembers, you know, during the pandemic when schools were shut down and … the kids weren’t able to attend schools. They had to go online. How many of you spent time in McDonald parking lots tapping into their Internet so you could do the homework with your kid? Look, think of all the workers who need Internet to do their jobs when they’re working from home. So many are working from home — have to work. Small businesses need Internet to reach more customers here at home and literally around the world. And our seniors who need it in connection with their doctors through telemedicine because they can’t make it to the doctors in person. High-speed Internet isn’t a luxury anymore, it’s an absolute necessity. It’s an absolute — (applause) — no, it really is. And yet, when I became president, around 24 million Americans didn’t have access to affordable high-speed Internet. And for millions more, their Internet connection was limited or unreliable.
The relentless wail of Donald Trump How dare Nikki Haley use his own strategy to beat him: Former President Donald Trump might owe Sen. Ted Cruz an apology. And no, it’s not about the long list of things Trump has said about Cruz and his family. Rather, it’s about how Cruz and his allies complained in 2016 about how non-Republican voters helped hand the nomination to Trump. They even tried to formally change the party’s rules to incentivize states to move away from elections that allowed independent and possibly even Democratic voters to weigh in on the Republican presidential race. Trump ran away with the 2016 Republican presidential nomination in part due to his sheer dominance in these so-called “open primaries.” While at the same time, Cruz struggled to keep up by winning in closed primaries and caucuses. Now, Trump is sounding the alarm at the possibility that former UN Ambassador Nikki Haley could use his old playbook against him.
I know you’ll be shocked to hear this, but it turns out that corporations have been massively profiteering over the pandemic. A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop. The report, compiled by the progressive Groundwork Collaborative thinktank, found corporate profits accounted for about 53% of inflation during last year’s second and third quarters. Profits drove just 11% of price growth in the 40 years prior to the pandemic, according to the report. Prices for consumers rose by 3.4% over the past year, but input costs for producers increased by just 1%, according to the authors’ calculations which were based on data from the Bureau of Economic Analysis and National Income and Products Accounts. “Costs have come down substantially, and while corporations were quick to pass on their increased costs to consumers, they are surprisingly less quick to pass on their savings to consumers,” Liz Pancotti, a Groundwork strategic advisor and paper co-author, told the Guardian.
The Supremes blocked his most comprehensive student loan relief policy but it hasn’t stopped them from doing what they can. He should get some credit for it: The Biden administration on Friday announced another $5 billion in debt forgiveness for 74,000 student loan borrowers. Although the Supreme Court blocked Biden’s signature student loan forgiveness plan, his administration has found alternative ways to provide relief to more than 3.7 million people. The batch of debt cancelation announced Friday stemmed, in part, from his administration’s changes to the Public Service Loan Forgiveness (PSLF) program. The majority of borrowers who will benefit from the latest round of forgiveness are teachers, nurses, firefighters and other public service professionals, per a White House release. The remaining borrowers who will benefit have repaid their loans for at least 20 years but never got the relief they were entitled to under their income-driven repayment plans.
Will Barrett and Roberts save Chevron? Ian Millhiser has a tiny bit of hope: Four justices appeared absolutely determined, on Wednesday, to overrule one of the most consequential Supreme Court decisions in the Court’s entire history. Chevron v. National Resources Defense Council (1984) is arguably as important to the development of federal administrative law — an often technical area of the law, but one that touches on literally every single aspect of American life — as Brown v. Board of Education (1954) was important to the development of the law of racial equality. Chevron is a foundational decision, which places strict limits on unelected federal judges’ ability to make policy decisions for the entire nation.
Awwwww… London Zoo’s gorilla keepers were carrying out their usual morning duties when they first spotted that Mjukuu was in labour. Giving the experienced mum some space, they monitored her via CCTV cameras installed in the dens. Moments after giving birth in the privacy of their back dens, second-time mum Mjukuu could be seen gently cradling her newborn, before allowing the troop’s curious youngsters Alika and Gernot to examine the intriguing new arrival. London Zoo’s Primates Section Manager Kathryn Sanders said: “We started our day as normal – we gave the gorillas their breakfast and began our cleaning routines. When we returned to their back dens, we could see Mjukuu was starting to stretch and squat – a sign that she was in labour.