Goldman Sachs CEO Says Wage Inflation
Is Spreading Through Economy
Posted By: Ribicon, 10/17/2021 5:32:24 PM
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said that inflation, particularly in wages, remains top of mind among corporate leaders and shareholders. “Inflation is a topic that is front and center with every investor that I talk to—and certainly with every CEO that’s running a business of any size or any scope,” Solomon said Friday in an interview with Bloomberg Television. “There is definitely inflation—we haven’t seen it in a while, and the question is what choices do we make from here.” Solomon’s comments follow similar concerns voiced this week by Bank of America Corp. CEO Brian Moynihan, Morgan Stanley CEO James Gorman and Goldman President
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The US economy is careening into another recession, two noted economists warn, as worries about the labor market and the coronavirus have worsened dramatically over the past two months.
The alarm bells are ringing as bad news piles up at the economy’s door: Prices on everyday goods are rising sharply as inflation is stuck at 30-year highs. Supply chains snarled during the pandemic mean some store shelves are bare. A labor shortage in some industries has left jobs undone.(Snip)Sentiment has deteriorated so rapidly, in fact, that two widely respected indicators of consumer feelings now are flashing red—indicating the US economy has already dipped into negative territory,
Federal Reserve Chairman Jerome Powell sold between $1million and $5million worth of stock options that he owned just before the stock market tanked last year because the government failed to pass a stimulus measure, it has been reported. Powell’s stock sale was reported just weeks after two top officials with the central bank resigned and a third came under fire for making multi-million dollar stock trades during the COVID-19 pandemic.(Snip)Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren announced their retirements last month as they faced a backlash for cashing out while having knowledge of the central bank’s plans to bolster financial markets
New York—A statue of Thomas Jefferson will be removed from the New York City Council’s chambers at City Hall, a commission voted on Monday. During an hours-long hearing, the New York City Public Design Commission acknowledged the statue needs to be removed before the end of the year, however, a new location has yet to be determined.(Snip)The City Council’s Black, Latino and Asian caucus has long objected to its presence because Jefferson wasn’t just a U.S. president or a founding father, he was also a lifelong slave owner. Assemblymember Charles Barron and his wife, City Councilmember Inez Barron, led the fight to remove the statue.
The man who killed five and wounded two others in a bow and arrow attack last week in Norway also stabbed the victims, police said Monday. Espen Andersen Braathen, 37, was arrested Wednesday after a deadly attack which started at a supermarket in Kongsberg. The Danish man was later transferred to a mental hospital for further evaluation, but more details about the incident are emerging.
“When it comes to weapons, we have previously stated that a bow and arrow has been used,” police inspector Per Thomas Omholt said told a news conference Monday. “Other weapons that have been used are stabbing weapons.(Snip)Omholt reiterated Norwegian police’s assessment that the suspect’s
Chicago is restricting cops from taking time off as the city prepares to ax up to half of its 13,000 officers who are yet to declare their Covid-19 vaccination status. In a memo issued by the city's police department a day after officers were required to disclose their vaccine status, officers were informed elective time off will be restricted, according to WLS.(Snip)City employees in Chicago were required to report their vaccination status by the end of Friday, with those who are not vaccinated to be subject to two tests per week. A second memo issued on Sunday, also obtained by the news network, threatened to fire officers
President Biden and first lady Jill Biden flouted Washington, DC’s indoor mask mandate Saturday night when they were filmed walking maskless through a high-end Italian restaurant—with critics quickly blasting the first couple as “hypocrites.” The Bidens were caught on camera leaving Fiola Mare in Georgetown with their masked-up Secret Service agents in tow, according to videos posted on social media.(Snip)“Joe Biden was spotted walking around a restaurant without a mask last night. Just another reminder that rules implemented by the ruling class only apply to us, not them,” Joey Gilbert said.
Biden’s violation of DC’s mask mandate came as Chicago Mayor Lori Lightfoot was also busted
Senator Ron Johnson (R-WI) joined Maria Bartiromo on Sunday Morning Futures this morning. Senator Johnson is one of the few lawmakers openly speaking out on the historic dangers of the COVID vaccines.
On Sunday Sen. Johnson had this to say on the mandates, “The mandates are pointless. Now that we know that fully vaccinated individuals are getting infected, they can transmit the disease. Unfortunately, they are being hospitalized, they’re getting seriously ill, they’re dying.(Snip)“They’re completely ignoring the vaccine injuries. And Maria, people really need to understand this because it’s not being reported. It’s being suppressed. But over 25 years with the flu vaccine there were a little less
A statue of Confederate General Robert E. Lee that was taken down by Dallas city officials four years ago has resurfaced—at a private Texas resort.The massive bronze statue, which shows Lee on horseback with another mounted soldier, was removed by the city in 2017 amid the controversy following racial violence that erupted in Charlottesville, Va., earlier that year over the planned removal of another Lee monument. In 2019, the Dallas statue was sold at an online auction for $1.44 million to the city-based law firm Holmes Firm PC—and is now on display at the 27,000-acre Lajitas Golf Resort in predominantly white Terlingua, Texas.
Portland, Ore.—A crowd of 100 people wreaked havoc in downtown Portland, Oregon, this week–smashing storefront windows, lighting dumpsters on fire and causing at least $500,000 in damage–but police officers didn't stop them. Portland Police Bureau officials say that's because of legislation passed by Oregon lawmakers this year, which restricts the tools they can use to confront people vandalizing buildings and causing mayhem.(Snip)Residents frustrated by the latest round of destructive demonstrations Tuesday questioned whether that meant anything goes now in Portland. “Does that mean we are now like a lawless city?” Linda Witt asked during the meeting with police.(Snip)Mayor Ted Wheeler’s office didn’t respond
The uptake of Covid booster jabs may be too slow to prevent hospitals from becoming overcrowded this winter, experts fear.
One month into the programme, only half of eligible over-80s have received a third dose, despite being at heightened risk, NHS figures suggest. (Snip)'People were initially told that two doses were enough. They were in lockdown, and the vaccine was their ticket out of it. Now there's much less incentive.' Duncan Robertson, of Warwick University, said delays in administering the jabs will have to be 'resolved immediately' to avoid unnecessary pressures on the NHS. 'Booster vaccinations are there to prevent hospitalisations and ultimately to save lives,' he said.
Some California parents are keeping their children home from school Monday to protest a statewide vaccine mandate for schoolchildren.
The families are opposing Gov. Gavin Newsom's recent announcement that the COVID-19 vaccine will soon be required for all public and private school students. The government will implement the mandate per age group once a vaccine receives final federal approval.
Moms on the Ground, a grassroots movement of defiant parents, is calling on others to keep their kids home October 18 with an unexcused absence. 'Make sure it's an unexcused absence otherwise they still get money,' said one Instagram user. 'MONEY speaks louder than words! Do not call out sick
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said that inflation, particularly in wages, remains top of mind among corporate leaders and shareholders. “Inflation is a topic that is front and center with every investor that I talk to—and certainly with every CEO that’s running a business of any size or any scope,” Solomon said Friday in an interview with Bloomberg Television. “There is definitely inflation—we haven’t seen it in a while, and the question is what choices do we make from here.” Solomon’s comments follow similar concerns voiced this week by Bank of America Corp. CEO Brian Moynihan, Morgan Stanley CEO James Gorman and Goldman President
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Nearly a year has passed since the 2020 election, yet there has not been a clear, satisfactory answer to the central mystery: How did a dull, declining Joe Biden manage to get more than 81 million votes and win the presidency? After all, Biden spent most of the pandemic-laced campaign in his Delaware basement and his appearances were marked by sparse crowds and signs he had lost more than a step. Yet he flipped five states Hillary Clinton lost in 2016, including Georgia and Arizona, and racked up 306 electoral votes to Donald Trump’s 232.
Judge Jeanine dishes on who’s really
running the White House and all fingers
point in one direction 44 replies
running the White House and all fingers
point in one direction 44 replies
With Democrat Joe Biden appearing much like an addled absentee landlord, Judge Jeanine Pirro is wondering who is actually in control in the White House, and by logical extension, of the entire U.S. federal government.“What are we supposed to conclude when the most powerful man in the free world says that someone will reprimand him if he doesn’t do what they tell him to do?” she asked. “Is someone else in charge?”Pirro then implied that she thinks she might know who is calling the shots on a de facto basis.
Fauci: People Who Have Conspiracy Theories,
Deny Reality ‘Don’t Particularly Care
for Me’ 40 replies
Deny Reality ‘Don’t Particularly Care
for Me’ 40 replies
National Institute of Allergy and Infectious Diseases head Dr. Anthony Fauci said on this week’s broadcast of “Fox News Sunday” that Americans who think he is a “polarizing figure” were people who denied “reality.”Anchor Chris Wallace asked, “When this pandemic started, it is fair to say you were generally regarded as the authority on infectious disease. As time has gone on, you have become a polarizing figure, and critics accuse you of sending mixed messages. There’s allegations that you helped fund dangerous research at the Wuhan lab. Two questions, why do you think you’ve become so controversial? And honestly, do you think there’s anything you have done
Breaking: Colin Powell Has Died
38 replies
Colin Powell, 84, died from complications due to Covid-19, his family said Monday.
"General Colin L. Powell, former U.S. Secretary of State and Chairman of the Joint Chiefs of Staff, passed away this morning due to complications from Covid 19," the Powell family said in a statement posted on his official Facebook page.
“He was fully vaccinated,” they added. “We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment. We have lost a remarkable and loving husband, father, grandfather and a great American.”
Powell was a distinguished and trailblazing professional soldier whose career took him from combat duty in Vietnam
The TSA should use its canine teams to keep airport security lines moving if there is a worker shortage amid the federal COVID-19 vaccination mandate, Senate Majority Leader Chuck Schumer said Sunday.President Biden’s vaccination order for federal workers takes effect three days before Thanksgiving — the busiest time of the year for air travel.“If TSA lags in jabs, send in the dogs,” Schumer said during a press conference in Manhattan, citing recent revelations from the TSA that 40 percent of its employees remain unvaccinated.
Former President Bill Clinton has been released from a Southern California hospital on Sunday after he spent five nights receiving treatment for a urological infection.
Clinton and his wife, former Secretary of State Hillary Clinton, left the University of California Irvine Medical Center in Orange, just southeast of Los Angeles, as they held each other's arms. The former president shook hands with hospital staff as he departed the facility alongside his wife of 46 years. Just before his release, the former first lady was seen being escorted to the entrance of the facility early on Sunday morning.
Colin Powell, the first black Secretary of State who formulated foreign policy under several presidents, died Monday morning at the age of 84 of complications from COVID. The Pentagon powerhouse who served as a soldier in Vietnam and went on to become Chairman of the Joint Chiefs of Staff was fully vaccinated and battling blood cancer and Parkinson's when he passed away at Walter Reed Medical Center in Maryland, according to his family. Retired Four-Star General Powell, who was also suffering from Parkinson's, is survived by his wife of 59 years,
The Art Institute of Chicago fired all of its roughly 100 volunteer museum guides, or docents, in September because too many of them were wealthy, white women. The news of the mass firing has only trickled out slowly, partly because the institute asked docents not to speak to the media, and because the left-leaning Chicago media showed little interest in covering the issue.(Snip)Ironically, the Journal was able to speak to one of the fired docents, who happened to be black, and defied the museum’s request that no one speak directly to the media—perhaps because she had less fear of being accused of racism.
President Joe Biden and his wife Jill enjoyed an Italian seafood dinner at a Michelin-starred Washington DC restaurant on Saturday evening. The Bidens dressed up for what the White House dubbed as a 'date night' at Fiola Mare in Washington Harbor.The couple looked loved up and held hands as they made their way into the restaurant, followed by secret service downed in black suits and black face masks. They had earlier attended church at Holy Trinity Catholic Church in Georgetown. The date came on 'Sweetest Day' - a holiday celebrated in the Midwest and Florida to celebrate romantic deeds and expressions.
Kamala Harris recorded a video to be played at over 300 Black churches across Virginia urging worshipers to vote for Democrat gubernatorial candidate former Governor Terry McAuliffe, who is caught in an unexpectedly tight race with the Republican candidate, businessman Glenn Youngkin. Recent polls show the race a dead heat with each having leads inside the margin of error.Harris calls on churchgoers to vote for McAuliffe after church. (Photos) CNN posted a copy of the video in two parts.
Secretary of Transportation Pete Buttigieg said Sunday on CNN’s “State of the Union” that the supply chain backups at America’s ports were a product of President Joe Biden guiding the economy “out of the teeth of a terrifying recession,” which caused incomes and demand to rise.Anchor Jake Tapper said, “We are seeing supply chain disruption causing everything from higher prices to longer waits for products. Moody’s warns that these supply chain disruptions, quote, ‘will get worse before they get better, ‘ unquote. do Americans need to prepare ourselves for this to get worse before it gets better?”Buttigieg said, “Certainly, a lot of the challenges that we have been experiencing
Chicago is restricting cops from taking time off as the city prepares to ax up to half of its 13,000 officers who are yet to declare their Covid-19 vaccination status. In a memo issued by the city's police department a day after officers were required to disclose their vaccine status, officers were informed elective time off will be restricted, according to WLS.(Snip)City employees in Chicago were required to report their vaccination status by the end of Friday, with those who are not vaccinated to be subject to two tests per week. A second memo issued on Sunday, also obtained by the news network, threatened to fire officers
Comments:
Globalist bankers howl in pain at the prospect of workers' paychecks keeping pace with the inflation they help cause.