Warren Buffett is right,
inflation is running rampant
Posted By: NorthernDog, 5/4/2021 10:52:09 AM
Inflation looks to be in warp overdrive judging by the worrying commentary by corporate chieftains this earnings season. Mentions of inflation on first quarter corporate earnings calls have exploded 800% year-over-year, according to new research from Bank of America Securities strategist Savita Subramanian. By sector, inflation was most prevalent in materials, consumer and industrial companies. Most sectors have cited inflation more than the historical norm, Subramanian notes. (Snip) ''We are seeing substantial inflation," Berkshire Hathaway CEO Warren Buffett said at the Berkshire Hathaway annual shareholder meeting exclusively live-streamed by Yahoo Finance. "We are raising prices. People are raising prices to
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NorthernDog"
MINNEAPOLIS - A church in Minneapolis is searching for answers after land that it owns was recently occupied by a large homeless encampment. "They have no place to go, but at the same time I don’t think it’s appropriate to just go and conquer private property," church chairman Andualem Emiru told FOX 9. (Snip) "We are expecting maybe more people [are] going to show up there," church chairman Melaku Weldetsadik continued. "We called the police and they showed up and they told us that they have not enough force to remove them." Weldetsadik’s Ethiopian Orthodox Church owns the nearly 3-acre
On March 21, 1950, an Illinois congressman named Ralph Church suddenly slumped in his seat while testifying before a House committee. His colleagues rushed to administer aid, but he was pronounced dead of a heart attack at 66. He was neither the first nor the last member of Congress to die in office. ''You look back in history, nearly 1 in 10 members of Congress have,” said Jane L. Campbell, president of the U.S. Capitol Historical Society. That history has some Democrats worried that deaths or illnesses could derail President Joe Biden’s efforts to pass ambitious bills through Congress, which
COLORADO SPRINGS, Colo. - A gunman opened fire during a birthday party early Sunday morning, leaving behind a horrific scene with more than half a dozen dead inside a mobile home. “Words fall short to describe the tragedy that took place this morning,” said Colorado Springs Police Chief Vince Niski. The party was being held at a home on Preakness Way inside the Canterbury Manufactured Home Community on the east side of the city. Police say the celebration was still in full swing at 12:40 a.m. when the boyfriend of one of the victims barged in with a gun and
LOS ANGELES - Los Angeles Sanitation and Environment crews removed 35.7 tons of solid waste from Echo Park Lake since the park's closure on March 25, and a news report Thursday indicated that the park could reopen by the end of the month. According to LASAN documents, posted by the Los Angeles Times Thursday, cleanup crews removed 723.5 pounds of biological waste and 300 pounds of hazardous waste, which included ignitable, paint, sharp objects and drug paraphernalia. (Snip) On top of possessions, drug paraphernalia and dangerous waste, crews found plenty of… urine. "I couldn't believe it," said Echo Park resident
As protesters take to the streets to fight for racial equality in the United States, experts in digital technology are quietly tackling a lesser known but related injustice. It's called techno-racism. And while you may not have heard of it, it's baked into some of the technology we encounter every day. Digital technologies used by government agencies and private companies can unwittingly discriminate against people of color, making techno-racism a new and crucial part of the battle for civil rights, experts say.
"It's not just the physical streets. Black folks now have to fight the civil rights fight on the
It's already ridiculous that the foundation of this country relies on who the president is when one of nine geriatric Supreme Court justices either dies or retires. It's doubly ridiculous then, that a Supreme Court justice would understand this fickle structure, see its constant abuse by one political side, and yet refuse to retire when the party that most aligns with their judicial philosophy is in power. (Snip) Apparently, history really does repeat itself, as another left-leaning, 80-something year-old Supreme Court justice is refusing to retire at a time when the Democrats have a precarious hold on the Senate, and
New York City is still using refrigerated trucks to store bodies of coronavirus victims, more than a year after they were first set up as temporary morgues as deaths surged at at the height of the pandemic. The city's medical examiner's office said Friday that 750 bodies are being kept in long-term storage in refrigerated trailers at a Brooklyn pier while family members sort out plans for their final resting places. Dina Maniotis, a deputy commissioner with the Office of Chief Medical Examiner, told a city council committee on Wednesday that many of the bodies held at the 39th Street
The Republican party in Texas is drawing Hispanic voters disillusioned by the Democratic party’s extreme values, two female Hispanic Republican leaders with Democratic backgrounds told the Daily Caller News Foundation. South Texas saw both a liberal decline and a conservative surge during the 2020 election, the New York Times reported, a surge that has emboldened Republicans hoping to win in Latino communities throughout the United States. Hispanic female Republicans are stepping up to the plate, the publication reported. “I am starting to see this need to connect with the Hispanic community and let them know nationwide that it’s the Republican
A huge section of a Chinese Long March 5B rocket is falling back to Earth and debris may land sometime Saturday evening or later — if the rocket doesn't burn up on the way down. The rocket could hit Earth around 11:30 p.m. EST Saturday, according to calculations by Aerospace Corporation, a California-based non-profit group that operates a space research and development center.
Where, exactly, remains a mystery — for now. As of Saturday morning, Aerospace Corporation's projections put a large swath of the U.S. near projected paths of the rocket after the predicted reentry time. A Saturday morning projection placed
Rhode Island man
handcuffed by police dies 15 replies
handcuffed by police dies 15 replies
Providence, Rhode Island, police released body camera video after a man who was handcuffed by officers died. The footage is from one of several officers who responded to a call around 12:30 a.m. ET Friday about a man, identified as Joseph Ventre, 34, screaming in the middle of the street. When the video begins, Ventre is heard yelling. Two other officers are already on the scene. The three police officers walk around a chain-link fence to a grassy field, where Ventre is seen rolling around on the ground. Several minutes pass before officers approach Ventre and try to calm
This week’s White House Report Card finds President Joe Biden stumbling out of a troubled week noted most for a surprising pullback in job growth and evidence of growing inflation. Democratic pollster John Zogby graded a subpar C-, noting the economic troubles faced by the new president. “No matter which you cut it, a bad week for Joe Biden,” he said in his report. Conservative analyst Jed Babbin added other Biden blunders to his list and grading D-. “You gotta wonder if anyone in the White House has a clue about the real world,” he wrote. John Zogby Grade: C-
CNN struggled in the ratings Thursday, seeing less than half of Fox News’ total viewership numbers in key dayparts, and losing in total viewers to both Fox and MSNBC in every single hour of programming, according to Nielsen data. In the 25-54 viewer demographic, CNN beat MSNBC in total day numbers but Fox News still came out on top. The biggest viewership gap happened in the 8 p.m., with Tucker Carlson’s total viewership (2.85 million) nearly doubling that of Anderson Cooper (993,000), and Chris Hayes drawing nearly 50% more total viewers (1.46 million). CNN drew an average 698,000 viewers in
Most Active Articles (last 48 hours)
Former Democratic Georgia gubernatorial candidate Stacey Abrams said on this week’s broadcast of “CBS Sunday Morning” that she was “absolutely” planning to run for president of the United States in the future.Abrams said, “You earlier said people take voting for granted. When you’ve never had to think about the hardship of voting, then yes, these conversations on voter suppression seem absurd to you. When you have never spent more than seven minutes in line, it is nearly impossible to imagine that there are poor Black people who stand in line for eight hours, miss an entire day’s wages,
Old Coke, New Coke,
Woke Coke, Broke Coke 42 replies
Woke Coke, Broke Coke 42 replies
By the time the Cola Wars really heated up in the 1980s, Coca-Cola had perennially enjoyed the upper hand over Pepsi in a rivalry that dated to the dawn of the twentieth century. (snip) Coke is destroying the pro-America brand association that it had been building for over a century because “it’s afraid” of the political forces aligning against it. (snip) This time, the degree to which Coke has offended its consumers runs much deeper than our taste buds.
The most relentless slander the Democrats leveled against President Trump was that he was a racist. (snip) Mixed race Kamala would bring her intersectional chops to the Latinx politicians and all would be well.
Except nothing went well. Kamala, whom I’ve always been told by people who know her, is as dumb as a box of rocks with the personality of an arch narcissist, managed to leave President Lopez Obrador in a towering rage, furious at American machinations and deeply offended when she simply walked out on him.
It's already ridiculous that the foundation of this country relies on who the president is when one of nine geriatric Supreme Court justices either dies or retires. It's doubly ridiculous then, that a Supreme Court justice would understand this fickle structure, see its constant abuse by one political side, and yet refuse to retire when the party that most aligns with their judicial philosophy is in power. (Snip) Apparently, history really does repeat itself, as another left-leaning, 80-something year-old Supreme Court justice is refusing to retire at a time when the Democrats have a precarious hold on the Senate, and
Report: Athletes Told To ‘Be Quiet’ About Trans
Weightlifter Ahead Of Olympic Qualification 29 replies
Weightlifter Ahead Of Olympic Qualification 29 replies
A former Olympic weightlifter claims that female athletes are being told to “be quiet” about transgender weightlifter Laurel Hubbard ahead of his Olympic debut.
Hubbard is a 43-year-old biological male competing as a woman. Should Hubbard pass the New Zealand Olympic Committee (NZOC) fitness and performance standards, he would become the first trans athlete to compete in the Olympics.
Tracey Lambrechs, a former Olympic weightlifter from New Zealand, expressed disappointment at the prospect of Hubbard taking away the opportunity to compete from women.
Back on November 30, 2020, Maricopa County elections witness Jan Bryant testified before the Arizona legislature. Jan has a strong project management background. She could not believe what she witnessed during the 2020 election in Maricopa County, Arizona.Jan said back on November 30, 2020, that Maricopa County officials DID NOT RUN THE ELECTION! Dominion employees John and Bruce did. Jan’s testimony might explain why Maricopa County officials do not have Admin passwords or access to the Dominion voting machines.
Chris Wallace Pushes Republican to
Renounce Claim of ‘Stolen’ Election,
Gets Stunning Response 28 replies
Renounce Claim of ‘Stolen’ Election,
Gets Stunning Response 28 replies
Fox News’ Chris Wallace tried to hold a struggle session on Sunday with a Republican Congressman who objected to the 2020 election results. The results must have been disappointing. Rep. Jim Banks not only didn’t fall for it, but he threw the premise back in Wallace’s face.The 2020 election came up in the context of Rep. Liz Cheney, who now finds her leadership position increasingly threatened in light of House Minority Leader Kevin McCarthy’s endorsement of replacing her with Rep. Elise Stefanik.“I’m just asking a question,” Wallace remarked. “Liz Cheney is saying it’s a big lie to say the election was stolen.
Starbucks is reportedly considering closing its Facebook page as a result of the 'hateful comments' in response to some of their posts. An internal memo, obtained by Buzzfeed, showed concern within Starbucks at the rhetoric on the site.(Snip)'Anytime they post (organically) in regards to social issues or their mission & values work (e.g. BLM, LGBTQ, sustainability/climate change, etc.) they are overwhelmed by negative/insensitive, hate speech related comments on their posts.' The Facebook employee said that Starbucks was having problems moderating the avalanche of hate speech, and was unable to disable comments on their page. Much of the offensive commentary is swiftly removed.
Warren ‘fighting as hard as I can’ to
nudge Joe Biden left; wants to help
president succeed 26 replies
nudge Joe Biden left; wants to help
president succeed 26 replies
Senator Elizabeth Warren wants $50,000 in student loan debt canceled. She wants $700 billion invested in child care. She wants the richest Americans to be taxed based on their total wealth. (Photo) President Biden has not shown an appetite to do any of those things in full.But the senior senator from Massachusetts is focusing her energies on tugging her onetime rival left, not on planning another presidential campaign, she said in an interview with the Globe.“Joe Biden is running for re-election in 2024. My job right now is to help him succeed,” Warren, 71, said when asked if she would consider running for president again
Cyberattacks on US soil are 'here to stay' a Joe Biden official warned Sunday, following a sophisticated ransomware attack on the largest gasoline pipeline in the country. The pipeline remained shut as of Sunday evening with its operator declining to say when it would reopen. Colonial Pipeline said it will bring the full system back online 'only when we believe it is safe to do so'. Commerce Secretary Gina Raimondo had earlier warned Sunday: 'This is what businesses now have to worry about.(Snip) Bloomberg News, citing people familiar with the matter, said hackers took nearly 100 gigabytes of data out of Colonial's network
The largest gasoline pipeline in the country was shut down on Friday after a sophisticated ransomware attack, which experts are calling the most dramatic cyberattack on U.S. soil to date. In a Saturday statement, Colonial Pipeline said that it 'proactively took certain systems offline to contain the threat, which has temporarily halted all pipeline operations, and affected some of our IT systems.' The hackers are likely a professional cybercriminal group, and a group dubbed 'DarkSide' was among the potential suspects, two U.S. government officials told Reuters.(Snip) DarkSide is known for deploying ransomware and extorting victims—while avoiding targets in post-Soviet states.
On Friday’s broadcast of “CBS This Morning,” Michelle Obama made the delusional claim, one among several, that “many of us still live in fear as we go to the grocery store, or walking our dogs, or allowing our children to get a license.” (snip) Barack Obama knows better, but he has lived in fear as well. That fear deformed his presidency and sent the nation spiraling down a lethal rabbit hole that has benefitted no one more than the Mao-loving matrons of BLM. (snip) there is no one Barack fears more than wife Michelle, his personal emissary from the world of authentic African-Americans.
Comments:
A number of manufacturers have admitted they are raising prices - some more than 10%.