Yield curve ‘inverts,’ stoking fears
of US recession
Posted By: Dreadnought, 4/1/2022 11:39:11 AM
A key part of the US bond yield curve inverted again on Friday, stoking fears that a recession could be looming as the Federal Reserve steps up a plan to hike interest rates. The two-year US Treasury note yield briefly rose above the benchmark 10-year note yield for the first time since September 2019 — an unusual “inversion” that is viewed by many as a reliable signal that a recession is likely to follow in one to two years. The 10-year note was up 9 basis points at 2.41% while the rate on the 2-year US government bond soared 14 basis points higher to 2.42%.
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Joe Biden is fine. Seriously, don’t even think about suggesting he’s not. There is nothing abnormal or concerning about his mental state, and increasingly, his physical state as well. To even delve into such a discussion is to push wild conspiracy theories, backed by no real-world examples at all.
Oh, wait, it’s April 2nd. Sorry, got my days mixed up there.
On Saturday morning, the president spoke to members of the US Navy, and in doing so, he not only seemed to forget he was vice president, but he bestowed the title on his wife, Jill Biden. Again, though, he’s totally fine, you guys. Nothing to worry about.
Last month, a group of parents in Orlando, Florida, demanded “consequences” against sixth grade science teacher Robert Thollander. His crime? Thollander acknowledged his marriage at school.
“He married a man. This alone is not an issue. Sharing the details … with all his 6th grade students is the issue,” the parents wrote in a letter sent to their children’s school board, which was shared with NBC News. “It was not appropriate. Many of these students felt very uncomfortable with the conversations and shared this with their families.”
Had Thollander just “said he will be out for a few days because he was getting married, no problem,” the letter continued
Disney execs may want to consider writing Abigail Disney out of the script.
The Disney Corporation has found itself ensnared in a controversy of its own making. For reasons that make sense to only them, the power players in California felt that remaining silent about politics was not the course to take and instead decided to speak out about Florida’s recently passed parental rights law, creating discord in their customer base. Smart play, you executive dolts; you angered your audience.
Disney felt like they were on the power side, lashing out at politicians and pulling their funding of candidates. Except, as I pointed out Friday, the voters favor this law,
For the Walt Disney Company, there appear to be limits to how woke they’re willing to be.
The company recently announced an end to recorded park greetings to “boys and girls” and “moms and dads” in favor of more “gender-neutral” greetings.
But when it comes to chasing the almighty dollar, Disney is just another greedy, capitalistic, exploitive business uninterested in gender-neutral anything.
The company still offers its “princess packages” for hotel occupancy, park admissions, and other add-ons to please all the non-woke parents who still want to visit the park.
Fox Business:
According to its website, Disney is still touting the “Bibbidi Bobbidi Boutique” experience that dresses kids up
Los Angeles - A Los Angeles judge ruled Friday that California’s landmark law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups is unconstitutional.
The brief ruling granted summary judgment to Judicial Watch, a conservative legal group that sought a permanent injunction against the measure that was signed into law last year. The ruling didn't explain the judge's reasoning. The measure requires corporate boards of publicly traded companies with a main executive office in California to have a member from an "underrepresented community," including LGBT, Black, Latino, Asian, Native American or Pacific Islander.
The lawsuit argued that violated the state’s constitutional equal protection clause.
Russia's Bloody Retreat From Kyiv
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Ukraine has recaptured more territory around Kyiv as Russian forces leave the area. In some instances, Russian troops are abandoning their positions in an orderly fashion, and Ukrainian forces are largely letting them leave. But Reuters reports that there’s a trail of smashed tanks and dead bodies that marks Russia’s retreat from the outskirts of Kyiv, attesting to some fierce battles that took place in the last several days.
Ukraine recaptured more territory around Kyiv from Russian soldiers who left shattered villages and their own abandoned tanks as they moved away from the capital, while a disputed cross-border strike in Russia complicated peace talks on Friday.
The White House refused to rule out President Joe Biden issuing a presidential pardon for his son Hunter Biden or for his brother James Biden as federal investigations continue over their foreign business dealings.
“That’s not a hypothetical I’m going to entertain,” White House communications director Kate Bedingfield said during the daily press briefing when asked about a potential pardon “I don’t have anything to add from this podium. Bedingfield was reluctant to address any aspect of the Hunter Biden story, after CNN, The Washington Post, and the New York Times recently published stories about the federal tax probe
Will Smith announced on Friday that he has resigned from the Academy of Motion Picture Arts and Sciences, after he slapped Chris Rock during the Academy Awards on Sunday.
“I am heartbroken. I want to put the focus back on those who deserve attention for their achievements and allow the Academy to get back to the incredible work it does to support creativity and artistry in film,” Smith said in a statement. “So, I am resigning from membership in the Academy of Motion Picture Arts and Sciences, and will accept any further consequences the Board deems appropriate.”
Academy president David Rubin said he had received Smith’s resignation.
“We will continue to move forward
A Staten Island judge on Friday struck down New York City's mask mandate for toddlers, calling it "arbitrary, capricious and unreasonable" and issuing a permanent injunction against it.
Mayor Eric Adams said the city would appeal and seek a stay of Judge Ralph Porzio's ruling. Health Commissioner Dr. Ashwin Vasan said the city was not recommending that young kids ages 2-4 stop masking yet, and he sounded a broader note of caution too.
"Cases are definitively rising and it's gotten our attention," he said. "They will continue to rise over the next few weeks, and it's likely that over these weeks, we will move
A key part of the US bond yield curve inverted again on Friday, stoking fears that a recession could be looming as the Federal Reserve steps up a plan to hike interest rates.
The two-year US Treasury note yield briefly rose above the benchmark 10-year note yield for the first time since September 2019 — an unusual “inversion” that is viewed by many as a reliable signal that a recession is likely to follow in one to two years. The 10-year note was up 9 basis points at 2.41% while the rate on the 2-year US government bond soared 14 basis points higher to 2.42%.
White House press secretary Jen Psaki plans to leave the White House in May to host a show on NBC’s Peacock streaming platform, according to a report.
Axios reported the news citing “a source close to the matter.” Biden’s press secretary will be the host of a show for MSNBC on NBCUniversal’s streaming platform, Peacock. Psaki, who is currently on leave after a second case of coronavirus, will leave the White House “around May” according to the report.
Psaki worked as a political pundit on CNN before joining the White House, and will also participate in that capacity at NBC and MSNBC.
Just when you thought the Hunter Biden scandals had died in darkness, The Washington Post published more than 6,300 words on the last day of March admitting that a notable fraction of Hunter’s laptop contents were authentic.
Why now? Why not last year? Why did liberal outlets act like everyone expressing concern about Hunter was a Trump-adoring kook? We reported at NewsBusters that the broadcast network morning and evening newscasts went 260 days without mentioning Hunter Biden (and it was more like 11 months of silence at ABC). These were the same networks that frantically obsessed over one brief and failed meeting Donald Trump Jr. hosted in Trump Tower in 2016
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Former Vice President Mike Pence will travel to Iowa later this month, another key indicator he's pursuing a 2024 presidential bid. Historically, the Hawkeye State has held the first-in-the-nation presidential contest, the Iowa caucuses, which have launched and killed many a presidential campaign.
Pence will headline the annual Story County Lincoln Highway Dinner in Ames on April 23 and pay a visit to the state's ultra-conservative 4th Congressional District earlier in the day, according to The Washington Examiner. This week Pence also launched a policy platform - the 'Freedom Agenda' -
Back in 1967, the Reedy Creek Improvement District agreement was created to lure Disney to Florida. The agreement allows the district governmental powers to facilitate recreational projects and tourism. Florida's legislature felt that it would benefit the state if recreational organizations had the power to act as their own government in areas like property development, water control, public utilities, law enforcement, and fire protection. The mouse eagerly took the cheese, and today most of the land is owned by Walt Disney World. It's been a pretty sweet deal (snip) Now Florida legislators are threatening to pull those special privileges if Disney continues to strike at HB1557
Detroit—New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump. The National Highway Traffic Safety Administration said its new fuel economy requirements are the strongest to date and the maximum the industry can achieve over the time period. They will reduce gasoline consumption by more than 220 billion gallons over the life of vehicles, compared with the Trump standards. They're expected to decrease carbon dioxide emissions—but not as much as some environmentalists want—and raise new vehicle prices
The White House refused to rule out President Joe Biden issuing a presidential pardon for his son Hunter Biden or for his brother James Biden as federal investigations continue over their foreign business dealings.
“That’s not a hypothetical I’m going to entertain,” White House communications director Kate Bedingfield said during the daily press briefing when asked about a potential pardon “I don’t have anything to add from this podium. Bedingfield was reluctant to address any aspect of the Hunter Biden story, after CNN, The Washington Post, and the New York Times recently published stories about the federal tax probe
President Joe Biden released a video Thursday to encourage millions of insecure and vulnerable teenagers to embrace the elite claim they can transform into a popular “transgender” person of the opposite sex: I want you to know that your President sees you. Joe, Kamala, Doug, our entire administration, sees you for who you are … deserving of dignity, respect, and support. But we know it’s hard when there are those out there who don’t see you, don’t respect you.Biden also threatened the loving American parents who disagree with their teenagers’ claims to be members of the opposite sex, saying:To parents of transgender children, affirming your child’s
Will Smith announced on Friday that he has resigned from the Academy of Motion Picture Arts and Sciences, after he slapped Chris Rock during the Academy Awards on Sunday.
“I am heartbroken. I want to put the focus back on those who deserve attention for their achievements and allow the Academy to get back to the incredible work it does to support creativity and artistry in film,” Smith said in a statement. “So, I am resigning from membership in the Academy of Motion Picture Arts and Sciences, and will accept any further consequences the Board deems appropriate.”
Academy president David Rubin said he had received Smith’s resignation.
“We will continue to move forward
White House press secretary Jen Psaki plans to leave the White House in May to host a show on NBC’s Peacock streaming platform, according to a report.
Axios reported the news citing “a source close to the matter.” Biden’s press secretary will be the host of a show for MSNBC on NBCUniversal’s streaming platform, Peacock. Psaki, who is currently on leave after a second case of coronavirus, will leave the White House “around May” according to the report.
Psaki worked as a political pundit on CNN before joining the White House, and will also participate in that capacity at NBC and MSNBC.
Back in 1967 when Disney World was just a gleam in Mickey’s eye and states around the country were vying for Walt Disney’s approval to build his second theme park, the Florida legislature passed the Reedy Creek Improvement Act, which gave the Walt Disney Company a special carve-out, making it a self-governing enclave.
The Act gave Disney “the ability, the power to build a nuclear power plant, an airport manufacturer, distill and distribute alcoholic beverages and lots of other things,” said Dr. Richard Foglesong, author of Married to the Mouse in an interview with a Florida TV station last year.
A Navy fuel ship will be named for the late Supreme Court Justice Ruth Bader Ginsburg in recognition of her efforts to advance women's rights and gender equality, Navy Secretary Carlos Del Toro said Thursday. The future John Lewis-class replenishment oiler — a ship that transfers fuel to the Navy's operating carrier strike groups — will be the eighth such vessel to be named for an historic figure who fought for civil and human rights. Others include former Supreme Court Justice Thurgood Marshall, abolitionist and women's rights activist Sojurner Truth, gay rights icon Harvey Milk and civil rights leader John Lewis.
Former Alaska governor and vice-presidential candidate Sarah Palin announced she's running for a seat in the House in order to combat the 'far-left,' who she said is 'destroying the country.' Palin has joined a crowded field of nearly 40 candidates looking to fill the seat vacated by the late U.S. Rep. Don Young, whose death last month threw Alaskan politicians in a frenzy. In a statement, Palin said: 'Public service is a calling, and I would be honored to represent the men and women of Alaska in Congress, just as Rep. Young did for 49 years.
In the eight child-porn cases that came before her court, former D.C. District Court Judge Ketanji Brown Jackson heard horrifying details of “sadomasochistic” torture of young kids—including “infants and toddlers”—yet challenged the disturbing evidence presented by prosecutors and disregarded their prison recommendations to give the lightest possible punishments in each case, according to transcripts of sentencing hearings obtained by the Post. In some cases, she even apologized to some of the kiddie-porn perverts for having to follow the statutes, which she called “substantially flawed.” Over and over, the records reveal, Jackson made excuses for the sex fiends’ criminal behavior and cut them slack in defiance of investigators
Open borders advocates – including those who serve in the Biden administration and on Capitol Hill – have been demanding that President Biden end Title 42 since the day he took office during a full-blown pandemic. Title 42 is a public health provision that was invoked by the Trump administration in 2020 at the onset of the COVID pandemic, allowing for the expedited removal of people crossing our borders illegally. While it is impossible to quantify a negative, it is reasonable to assume that preventing significant numbers of people traveling in large groups and coming from countries where