Economics

Bidenflation: Gas at 7-Year High

Bidenflation gas at 7 year highBidenflation: Gas at 7-Year High. The U.S. price of regular-grade gasoline is continuing to rise, with the national average hitting a seven-year high.

As of Oct. 27, the national average rose to $3.394 per gallon from $3.389 the previous day, and up from the month-ago average of $3.189, according to AAA.

“With the U.S. economy slowly recovering from the depths of the pandemic, demand for gas is robust, but the supply is tight,” AAA spokesman Andrew Gross said in a statement. “We haven’t seen prices this high since September of 2014.” 

 

Read more: Bidenflation: Gas at 7-Year High

Biden Planning First Tax Hike in 30 Years

Biden Planning First Tax Hike in 30 Years

Biden Planning First Tax Hike in 30 Years. President Joe Biden is reportedly preparing to follow up with his controversial COVID-19 stimulus bill with his plan for the “first major federal tax hike” in nearly three decades.

“Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source,” Bloomberg News reported. “While it’s been increasingly clear that tax hikes will be a component — Treasury Secretary Janet Yellen has said at least part of the next bill will have to be paid for, and pointed to higher rates — key advisers are now making preparations for a package of measures that could include an increase in both the corporate tax rate and the individual rate for high earners.”

Read more: Biden Planning First Tax Hike in 30 Years

US spending and income skyrockets

US spending and income skyrockets

US spending and income skyrockets.

U.S. consumer spending and personal income both increased more than expected in September, with higher wages, growth in owner-operated business profits, and remaining pandemic aid contributing to the income boost.

The Commerce Department said in a release Friday that personal consumption expenditures (PCE), a reflection of household spending on goods and services, rose by $201.4 billion in September, or 1.4 percent month-over-month. Economists polled by Reuters predicted consumer spending would rise 1 percent in September.

Read more: US spending and income skyrockets

33.1% GDP 3Q growth is unprecedented

33.1 percent GDP 3Q growth is unprecedented

33.1% GDP 3Q growth is unprecedented. US economic growth shatters record at 33.1%, but fails to snap coronavirus recession.

National Economic Council Director Larry Kudlow breaks down the latest GDP numbers, coronavirus shutdowns and stimulus talks.

The U.S. economy grew at a record-shattering pace in the third quarter as businesses reopened from the coronavirus shutdown, but the nation remains in a deep hole from the COVID-induced recession.

Gross domestic product, the broadest measure of goods and services produced across the economy, surged by 33.1% on an annualized basis in the three-month period from July through September, the Commerce Department said in its first reading of the data Thursday. The previous post-World War II record was a 16.7% increase in 1950.

Read more: 33.1% GDP 3Q growth is unprecedented

Cultural Marxism

Research finds crt in schools not about racial discrimination

Research Finds CRT in Schools Not About Racial Discrimination

Just the News
Research Finds CRT in Schools Not About Racial Discrimination. Research surprise: Embrace of CRT, 'diversity' agendas in schools not correlated with race. Pilot study of San Diego County school districts finds many dominated by "underrepresented minorities" eschew these controversial concepts. A school district's… Read full article
Where are the Feminists

Where are the Feminists?

FRONTPAGE MAGAZINE
Where are the Feminists?. While the Taliban barbarically repress women in Afghanistan, toxic feminists wage a war against American men. Freedom Center Shillman Fellow Bruce Bawer’s excellent Frontpage article "Where Are the Gays?" paints a chilling portrait of the imminent torture, execution and amputations that await… Read full article
space force officer punished after denouncing marxism

Space Force Officer, Punished After Denouncing Marxism

THE EPOCH TIMES
The Space Force officer who was removed from his command post for condemning Marxism and critical race theory is leaving the military. Lt. Col. Matthew Lohmeier told The Epoch Times’ “American Thought Leaders” that his last day in the service will be Sept. 1. “I wrote a letter to then-Acting Secretary of the Air Force… Read full article
utah blm founder us flag a hate symbol

Utah BLM Founder: US Flag a Hate Symbol

THE EPOCH TIMES
Utah BLM Founder: US Flag a "Hate" Symbol. In a Facebook post made on Independence Day, Utah’s Black Lives Matter (BLM) Chapter wrote that the American flag is “a symbol of hatred” and those flying are “racist.” “When we Black Americans see this flag, we know the person flying it is not safe to be around,” the post… Read full article

Socialist War in US

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