The Biden administration is claiming the traditional definition of a recession doesn’t apply to soften the blow of expected poor economic reports due later this week. Summary Denial isn’t just a river in Egypt. The Biden …
Category: Economy
Widespread flight disruptions have derailed summer vacation plans across the globe. What is going on with air travel? Summary Rampant flight cancellations and delays have disrupted air travel across the U.S. and the world. What is …
Congressional Democrats and the mainstream media panned President Joe Biden’s gas tax holiday proposal. Summary Congressional Democrats and the mainstream media panned President Joe Biden’s gas tax holiday proposal as inadequate, too little, too late, and …
The Federal Reserve hiked interest rates by by three-quarters of a percentage point to try and contain inflation. Summary The Federal Reserve hiked interest rates by three-quarters of a percentage point to try and contain inflation. …
The Labor Department’s inflation index figures for May were the highest since 1981, while the price of a gallon of gas hit $5 per gallon for the first time. Summary The Labor Department’s inflation index figures …
The US economy contracted in the first quarter, raising fears of a recession. Summary The US economy unexpectedly contracted 1.4 percent in the first quarter, raising fears of a recession. The contraction surprised economists who expected …