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NewsBusters Feed
NewsBusters Feed
1 y

BUZZKILL! Krugman Claimed ';Wave of Inflation'; Seems to ';Have Broken Day Before Hot BLS Report
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BUZZKILL! Krugman Claimed ';Wave of Inflation'; Seems to ';Have Broken Day Before Hot BLS Report

The New York Times economics parody writer Paul Krugman because thats all hes been reduced to now cant seem to avoid sleepwalking his way into major‚ unforced errors.In another Apr. 9 column praising President Joe Bidens alleged Goldilocks economy‚ Krugman was adamant that while there was a wave of inflation‚ it seems to have broken.Yes‚ Krugman wrote this just a day before the Bureau of Labor Statistics released its Apr. 10 report showing that consumer prices spiked hotter than expected at 3.5 percent year-over-year and 0.4 percent month-over-month.CNBC analyzed that core consumer prices (excluding food and energy) also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago‚ compared with respective estimates for 0.3% and 3.7%.French newspaper Le Monde concluded‚ The numbers are bad and getting worse. In other words‚ Krugman: You done messed up A-Aron.Krugmans column‚ in retrospect‚ gets even more painful as one reads on:Basically‚ America rapidly restored full employment while experiencing a one-time jump in the level of prices without a sustained rise in inflation‚ the rate at which prices are rising. Not bad‚ especially considering all the dire predictions made along the way. [emphasis added].Ouch.The other hole in Krugmans argument here is that he doesnt mention the workers missing from the labor force. The U.S. Chamber of Commerce conservatively estimated that number to be around 1.7 million on Feb. 13‚ 2024‚ compared to February 2020. The chamber stated‚ If every unemployed person in the country found a job‚ we would still have nearly 2.4 million open jobs. Other estimates put the number of jobs missing from the labor market compared to its pre-pandemic trend at 4.8 million.Krugmans new shtick for spinning the U.S. economic situation is suggesting that Americans should forget the CPI index by the BLS altogether. The so-called breaking of the wave of inflation‚ as Krugman put it‚ is especially clear if you measure inflation the way other countries do. By his distorted metrics‚ Krugman claimed irresponsibly that inflation has already been cut to roughly 2 percent‚ the [Federal Reserves] inflation target. Ah‚ so all Americans have to do is use other countries metrics to hoodwink themselves into believing that the inflation situation is better than it is. Brilliant!Its too bad for Krugman the liberal media writ large are now projecting the new inflation numbers are signaling that the Fed isnt anywhere near its target to be comfortably cutting interest rates anytime soon.Even liberal CNN anchor Kate Bolduan admitted that the hot BLS numbers meant [i]nflation is headed in the wrong direction right now. Subsequently‚ the Atlanta Federal Reserve revised down its nowcast model for first quarter GDP growth to 2.4 percent from its April 5‚ 2.5 percent estimate. Heritage Foundation economist EJ Antoni summarized what the series of unfortunate events for Krugmans narrative meant for the future in an X post: BLS releases hot CPI and now ATL Fed revises down GDP nowcast...Inflation: faster[.] Growth: slower [.] Say it w/ me: stagflation.BLS releases hot CPI and now ATL Fed revises down GDP nowcast...Inflation: fasterGrowth: slowerSay it w/ me: stagflation pic.twitter.com/UoptaylTDe E.J. Antoni‚ Ph.D. (@RealEJAntoni) April 10‚ 2024But thats not all. Queens College‚ Cambridge President Mohamed A. El-Erian even conceded that the hot inflation report signaled continued price pressure on consumers‚ which hits the poor hardest‚ and a sharp market reaction. Liberal Harvard Professor of Practice Jason Furman also admitted‚ Over the last twelve months core CPI has risen 3.5%. That is faster than any twelve month period from February 1993 to 2020.Conservatives are under attack. Contact The New York Times at 800-698-4637 and demand it distance itself from Krugmans awful takes on Bidenomics.
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NewsBusters Feed
NewsBusters Feed
1 y

Oh‚ NOW You Like Him?! Disneys ABC Hails DeSantis for Cracking Down on Retail Theft
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Oh‚ NOW You Like Him?! Disneys ABC Hails DeSantis for Cracking Down on Retail Theft

Exactly two weeks after Disney more or less cried uncle and agreed to a settlement with the State of Florida in its lawsuit over the Parental Rights in Education bill and a few months after Governor Ron DeSantiss (R-FL) presidential campaign came to an end‚ Disney-owned ABC had a surprisingly laudatory segment on Thursdays Good Morning America as they praised DeSantis for com[ing] down on hard on porch piracy and retail theft.Oh‚ how convenient. Now that both fronts of Disneys pressure campaign bashing DeSantis for defending children and parents and constantly trashing his presidential campaign to benefit Trump are over‚ ABC seems to think hes no longer a threat‚ so theyre now free to give him some love.Co-host Robin Roberts had the first of two teases:ROBERTS: Porch pirate crackdown. The latest state to come down hard on criminals who swipe packages.DESANTIS: Someones going to have hell to pay for stealing.ROBERTS: And strict new penalties for retail theft.In the second‚ co-host Michael Strahan got in on the act‚ promising a segment on the latest state to crack down on porch pirates.Strahan also opened the segment: Now to the porch pirate crackdown in Florida. Governor Ron DeSantis signed a bill to make the Sunshine State the latest to raise penalties for stealing packages from outside homes as well as for retail theft.Even the accompanying chyron alone came off like something from an alternate reality: Florida Porch Pirate Crackdown; Governor Signs Bill to Toughen Penalties for Stealing Packages‚ Retail Theft.Correspondent Melissa Adan didnt bat an eye as she reported Florida is actually going to make it a felony if you steal $40 or more worth of property and said the police chief of Coral Gables told her he welcomes this news‚ as he sees hundreds of these cases here in his city and he hopes that these stiffer criminal charges make a difference.Highlighting a few examples of porch pirates and footage of one homeowner using a decoy package to catch a would-be thief‚ Adan said DeSantis had enough and was cracking down thanks to [a] law going into effect this October with that $40 penalty‚ which she explained was previously $100 and stricter penalties for retail theft.She even had not one but two soundbites praising this decision with a motorcycle shop owner fretting thieves have thought they can grab whatever they want and then the aforementioned Coral Gables chief saying hed able to make stronger cases against these repeat offenders and also kind of giving other diversionary sentences to people who are facing felonies.Stating the obvious retail theft has become a growing trend across the country and a National Retail Federation statistic such crimes cost consumers $112 billion in 2022‚ Adan briefly alluded to California being the worst such state‚ but didnt point out which party controls the state.Tossing back to the co-hosts‚ she threw a bone to Governor Kathy Hochul (D-NY): Meantime‚ last month in New York‚ the governor there announced a $45 million plan to fight back against organized retail crime theft.To see the relevant transcript from April 11‚ click expand.ABCs Good Morning AmericaApril 11‚ 20247:01 a.m. Eastern [TEASE][ON-SCREEN HEADLINE: Strict New Penalties; Porch Pirate Crackdown]ROBIN ROBERTS: Porch pirate crackdown. The latest state to come down hard on criminals who swipe packages.GOVERNOR RON DESANTIS (R-FL): Someones going to have hell to pay for stealing.ROBERTS: And strict new penalties for retail theft.(....)7:18 a.m. Eastern [TEASE][ON-SCREEN HEADLINE: New This Morning; Florida Porch Pirate Crackdown; Governor Signs Bill to Toughen Penalties for Stealing Packages‚ Retail Theft]MICHAEL STRAHAN: Plus the latest state to crack down on porch pirates.(....)7:34 a.m. Eastern[ON-SCREEN HEADLINE: New This Morning; Florida Porch Pirate Crackdown; Governor Signs Bill to Toughen Penalties for Stealing Packages‚ Retail Theft]STRAHAN: Now to the porch pirate crackdown in Florida. Governor Ron DeSantis signed a bill to make the Sunshine State the latest to raise penalties for stealing packages from outside homes as well as for retail theft. Melissa Adan is in Miami with more. Good morning‚ Melissa.MELISSA ADAN: Good morning‚ Michael. So‚ the state of Florida is actually going to make it a felony if you steal $40 or more worth of property. The police chief here in Coral Gables tells me he welcomes this news‚ as he sees hundreds of these cases here in his city and he hopes that these stiffer criminal charges make a difference. This morning‚ they are the brazen thieves striking in broad daylight and in the night. This porch pirate in Sacramento disguised as a trash bag captured stealing a package. Some homeowners like this one‚ have had enough‚ using a decoy package to catch this alleged thief.CARLOS MEIJIA [TO PORCH PIRATE]: Yo! Yo!ADAN: In Florida‚ the governor cracking down. A new law going into effect this October. If you steal property worth more than $40‚ it will be considered a felony.DESANTIS: Someones going to have hell to pay for stealing it.ADAN: The law‚ replacing an already existing one. This time‚ lowering the stolen property value from $100 to $40. It also includes stricter penalties for retail theft.WMR OWNER BOB BREWSTER: Everything in our store is a candy store for a criminal‚ things they can grab‚ sell fast and then take from us.ADAN: In Coral Gables‚ the police chief welcoming the law‚ sharing these videos of thieves in action.CORAL GABLES‚ FL POLICE DEPARTMENT CHIEF EDARD HUDAK: Were able to make stronger cases against these repeat offenders and also kind of giving other diversionary sentences to people who are facing felonies.ADAN: Its a growing trend across the country‚ with at least nine other states making porch pirating a felony. And thats not all. According to the National Retail Federation‚ organized retail crime cost consumers $112 billion in 2022. The state topping the list? California. A proposed bill there calling for repeat shoplifters to serve jail time after a third conviction. Meantime‚ last month in New York‚ the governor there announced a $45 million plan to fight back against organized retail crime theft. Guys?ROBERTS: All right‚ Melissa. Our thanks to you.
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The Blaze Media Feed
The Blaze Media Feed
1 y

Pro-Palestinian radical threatens to ';murder'; Calif. city council‚ video shows: ';Jesus probably would';ve killed you himself';
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Pro-Palestinian radical threatens to ';murder'; Calif. city council‚ video shows: ';Jesus probably would';ve killed you himself';

A hate-filled activist in California unleashed a torrent of invectives during a recent city council meeting‚ threatening to ";murder"; the members and the mayor and insisting that ";Jesus probably would';ve killed you himself.";Members of United Liberation Front‚ a group of pro-Palestinian radicals‚ have lately been attending the bi-weekly city council meetings in Bakersfield‚ California. They demand the city adopt or at least introduce a resolution supporting a ceasefire in Gaza‚ and they have often become disruptive as the council thus far has refused to cooperate.At the meeting on Wednesday evening‚ one ULF member‚ 28-year-old Riddhi Patel‚ escalated the hostility between the group and the council even further when she impugned city leaders during two separate speeches.At first‚ she griped about the resolution issue‚ claiming that the councilmembers and mayor were all ";horrible human beings"; who could not care less about ";oppression"; in Palestine or any other similarly oppressed ";country‚"; let alone ";the oppression occurring"; in the U.S.Patel also pointed to those around the globe who support ";violent revolution against their oppressors."; ";I hope one day somebody brings a guillotine and kills all of you motherf***ers‚"; she spat as she walked away from the podium the first time.At some point‚ a then-bespectacled Patel returned to the podium and wailed on the council and mayor for installing metal detectors near the entrance to City Hall. She claimed the metal detectors served no purpose other than to ";criminalize"; those attempting to hold leaders ";accountable."; She also accused officials of escalating the violence and sometimes even of letting their constituents ";die.";";You guys want to criminalize us with metal detectors? We';ll see you at your house‚"; she said in closing.";We';ll murder you."; (@) Patel then attempted to return to her seat‚ and the person entrusted with managing the meeting appeared to ignore Patel';s violent comments and awkwardly tried to carry on as though nothing had happened. However‚ Mayor Karen Goh interrupted the proceedings‚ claiming Patel had made a ";threat"; and asking officers to ";escort"; her out accordingly.Patel was not only made to leave the premises. She was arrested and charged with 16 felonies: eight counts of threatening with intent to terrorize and eight counts of threatening elected public officials. She remains in custody on a bond of at least $1 million.Some of her ULF comrades have already tried to distance themselves from her. Maria Quinonez‚ who also attended the meeting on Wednesday‚ described Patel';s comments as ";shocking"; and insisted they ";in no way represent those of us who continue to come to city council to demand a ceasefire and an end to the genocide [in Gaza].";The City of Bakersfield declined KERO';s request for comment since ";the matter is under investigation.";Like Blaze News? Bypass the censors‚ sign up for our newsletters‚ and get stories like this direct to your inbox. Sign up here!
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The Blaze Media Feed
The Blaze Media Feed
1 y

Will viewership tank once Caitlin Clark heads to the WNBA?
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Will viewership tank once Caitlin Clark heads to the WNBA?

Womens basketball has now broken records‚ and some believe it has a lot more to do with Caitlin Clark than anything else.The television broadcast of the South Carolina-Iowa game averaged 18.9 million viewers and peaked at 24.1 million‚ which is the most views ever recorded for a men or womens college basketball game on an ESPN platform.Shes brought a bunch of eyes to womens college basketball‚ Jeffy tells Pat Gray‚ who adds‚ Its hard for me to believe. The most-watched basketball game of any kind?While its an impressive feat‚ neither Gray or Jeffy believe the viewership will continue once Clark moves on to the WNBA.In the future‚ without Caitlin‚ you know there will be a few more eyes brought to womens basketball‚ Jeffy says.Gray wonders if they will stay there‚ and Jeffy predicts‚ No way.Even the vice president has gotten in on the madness by recently feigning interest in womens basketball‚ claiming that womens teams were not allowed to have brackets until 2022.A bit of a history lesson‚ do you know that the womens teams were not allowed to have brackets until 2022? Think about that‚ Kamala Harris said‚ despite being wrong.People used to say‚ Ah‚ womens sports‚ whos interested? She added.Well check back in with you next year after Caitlins gone‚ Gray laughs.Want more from Pat Gray?To enjoy more of Pat';s biting analysis and signature wit as he restores common sense to a senseless world‚ subscribe to BlazeTV the largest multi-platform network of voices who love America‚ defend the Constitution‚ and live the American dream.
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Twitchy Feed
Twitchy Feed
1 y

Priorities: Judge Rules Ontario Man Can Use Public Funding for BIZARRE ';Gender Affirming'; Surgery
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Priorities: Judge Rules Ontario Man Can Use Public Funding for BIZARRE ';Gender Affirming'; Surgery

Priorities: Judge Rules Ontario Man Can Use Public Funding for BIZARRE ';Gender Affirming'; Surgery
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Gamers Realm
Gamers Realm
1 y

Dragon';s Dogma 2: Every Warrior Augment‚ Ranked
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Dragon';s Dogma 2: Every Warrior Augment‚ Ranked

Augments in Dragon';s Dogma 2 serve as a way for players to customize their builds and mix and match to bring out the strengths of their Vocation by selecting complementing Augments picked from other Vocations.
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Gamers Realm
Gamers Realm
1 y

15 Best Post-Apocalyptic Games‚ Ranked
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15 Best Post-Apocalyptic Games‚ Ranked

The end of the world is a popular theme in video games‚ and post-apocalyptic scenarios have given rise to some of the industry';s most iconic titles. From scavenging for resources to fighting off hordes of mutants and zombies‚ these games immerse you in a vast and challenging world where survival is the ultimate goal
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RedState Feed
RedState Feed
1 y

OPINION: Kenosha Survivor';s Revenge Tour‚ Suing Despite Acknowledging Rittenhouse';s Self-Defense Rights
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OPINION: Kenosha Survivor';s Revenge Tour‚ Suing Despite Acknowledging Rittenhouse';s Self-Defense Rights

OPINION: Kenosha Survivor';s Revenge Tour‚ Suing Despite Acknowledging Rittenhouse';s Self-Defense Rights
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RedState Feed
RedState Feed
1 y

OPINION: The FISA Reauthorization Vote Shows How Little Congress Cares About Protecting Our Rights
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OPINION: The FISA Reauthorization Vote Shows How Little Congress Cares About Protecting Our Rights

OPINION: The FISA Reauthorization Vote Shows How Little Congress Cares About Protecting Our Rights
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History Traveler
History Traveler
1 y

Six Things That Made the Colosseum Unique (Video)
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Six Things That Made the Colosseum Unique (Video)

The Colosseum‚ an architectural marvel in Rome‚ is renowned for its unique features that set it apart from other ancient structures. Its oval design‚ accommodating over50‚000 spectators‚Read moreSection:ArtifactsAncient TechnologyAncient PlacesEuropeVideosRead Later
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