(Michael Robison) According to AAA, the national average price for regular gasoline climbed more than four cents on Thursday to $4.71 a gallon, climbing more than 37 cents in six weeks.
economy
Elon Musk To Slash Tesla Jobs, Has “Super Bad Feeling” About Economy
(Tyler Durden) Since mid-May, real-time indicators warned the labor market had hit a brick wall. Piper Sandler predicted last week that up to a million layoffs or more were ahead as the US economy is on the verge of recession.
Viewpoint Diversity Score Business Index Pushing Back on Woke Dominance of Corporate Advocacy
(Greg Piper) GoDaddy, Adobe, Microsoft, Airbnb score worst in inaugural ratings of 50 companies in Fortune 1000 with “greatest potential to impact free speech and religious freedom.”
Turns Out Keynes Was A Commie — The Widening Wealth Gap by Design?
(Tyler Durden) Why The Cantillon Effect Creates Communism
Gas Prices Hit New Record High Over Memorial Day Weekend
(Cullen McCue) The nationwide average cost of a gallon of unleaded gasoline has surged to $4.61, a new record. Experts believe that the average cost could soar to $5 per gallon by July.
Experts Warn Biden’s Trashed Markets Could Permanently Hobble American Economy
(Abby Liebing, The Western Journal) It’s been more than two years since COVID first hit, but the U.S. economy is still reeling and things are not looking up at the moment, particularly in the labor market.
Americans Hit with New, Record-High Gas Prices on Memorial Day Weekend, Impacting Travel Plans
(Richard Moorhead, The Western Journal) Don’t expect relief at the gas pump any time soon.
The War on Gold Ensures the Dollar’s Downfall
(Matthew Cortez) Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102.
What China’s Hyperinflation in the 1940s Can Teach Americans
(Lawrence W. Reed) Not so long ago, when the dollar was “as good as gold” and so were many other currencies, economists spoke of paper money that wasn’t connected to a precious metal as “irredeemable,” “inconvertible,” “unbacked” or “fiat.”
Germany’s Top Banking Chief Warns Of Bankruptcy Tsunami Amid Stagflation Threats
(Activist Post) A tsunami of bankruptcies could batter Europe’s largest manufacturing hub as stagflation risks mount due to the conflict in Ukraine and resulting Western sanctions on Russian fossil fuels.
The Apocalyptic Global Food Crisis That We Were Told to Prepare for Has Already Started in 2022
(Michael Snyder) There isn’t going to be enough food for everyone this year. We have been waiting for the nightmarish global food crisis that so many have warned us about, but we don’t have to wait for it anymore because it is already here. Millions upon millions of people around the globe will be desperately hungry tonight, but what we are experiencing right now is just the tip of the iceberg because things will be so much worse by the end of 2022. If you don’t want to believe me, hopefully you will believe some of the experts that I quote in this article.
UN Expert Predicts Global Food Crisis May Be 10 Weeks Away
(Madeleine Hubbard) The food supply chain problems may last years, the expert warned
“It’s Going to be Hard to Avoid Some Kind of Recession” – Wells Fargo’s CEO Warns US is Heading Economic Downturn
(Jim Hoft) On Tuesday, Wells Fargo & Co. CEO Charlie Scharf said that there’s “no question” of an economic downturn in the US, and recession will be hard to avoid.
Food Bank Demand Soars (Again) As Inflation Crushes Working-Poor
(Activist Post) The highest inflation prints in four decades have forced some Americans to flood food banks and pantries (again).
Despite Objections, Cities Spending COVID Stimulus $ on Police Surveillance Cameras, License Plate Readers
(B.N. Frank) Many American municipalities – even the ones that don’t officially call themselves “Smart Cities” – have still been installing expensive, privacy invasive, and hazardous “Smart City” technologies. Utility “Smart” meters (electric, gas, and water), “Smart” streetlights, police surveillance tech (see 1, 2) and more! Despite opposition, cities in Northeast Ohio recently decided to use millions from COVID relief funds to purchase more surveillance tech for law enforcement.