US wholesale inflation just hit its highest
rate in a year
Posted By: NorthernDog, 5/14/2024 10:29:47 AM
Americans already contending with persistent and stubbornly high inflation just got more unwelcome news on Tuesday: There are more price hikes likely coming down the pike. Wholesale inflation picked up in April to its highest rate in a year, according to Bureau of Labor Statistics data released Tuesday. (Snip) “The concern here is that we now have a trend, an upward trend in producer prices, which can only be passed through to consumers and result in upward pressure on consumer price inflation over the coming months,” Kurt Rankin, senior economist for the PNC Financial Services Group, told CNN in an
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "NorthernDog"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
NorthernDog"
Americans already contending with persistent and stubbornly high inflation just got more unwelcome news on Tuesday: There are more price hikes likely coming down the pike. Wholesale inflation picked up in April to its highest rate in a year, according to Bureau of Labor Statistics data released Tuesday. (Snip) “The concern here is that we now have a trend, an upward trend in producer prices, which can only be passed through to consumers and result in upward pressure on consumer price inflation over the coming months,” Kurt Rankin, senior economist for the PNC Financial Services Group, told CNN in an
Harris utters a profanity in advice to
young Asian Americans, Native Hawaiians
and Pacific Islanders 16 replies
young Asian Americans, Native Hawaiians
and Pacific Islanders 16 replies
WASHINGTON — Vice President Kamala Harris used a profanity on Monday while offering advice to young Asian Americans, Native Hawaiians and Pacific Islanders about how to break through barriers. (Snip) Harris gave a lengthy response in which she told the young people to keep their chins up when they go into spaces where no one else looks like them. She added: “We have to know that sometimes people will open the door for you and leave it open. Sometimes they won’t. And then you need to kick that f——— door down.” The audience clapped and hollered. Laughing herself, Harris said
Minnesota raised its new state flag over its capitol on Saturday. The flag was unfurled on the state's "Statehood Day" holiday and features a stylized outline of the state, an eight-pointed star and a field of light blue. The unveiling is the culmination of a competition to redesign the flag and state seal to replace one that showed native peoples being driven off their land. The final design for the flag was modified from a submission by Andrew Prekker. "The new flag and seal reflect all Minnesotans and showcase the features of our state that we can all recognize – the
National Democrats Looking to Sideline
Chicago Mayor Brandon Johnson in Planning
For the Convention 10 replies
Chicago Mayor Brandon Johnson in Planning
For the Convention 10 replies
National Democrats are deep into the planning for the convention in Chicago to be held in August. Biden's planning team is looking wistfully at the 2020 COVID convention when most events were virtual and the chances for disruption were greatly reduced. They are looking for ways to duplicate some of those events, like the pre-recorded roll call vote where individuals representing state delegations got creative and made their video vote an advertisement for their state. One big change being considered is a move to an alternate convention site for the actual nomination. Since Biden is having trouble getting on the
WASHINGTON – Sen. Bernie Sanders, the 82-year-old self-described democratic socialist from Vermont, announced Monday that he plans to seek another term in the U.S. Senate. In a video statement posted to X, formerly Twitter, Sanders said he would be "in a strong position to provide the kind of help that Vermonters need in these difficult times," noting his high-level role in multiple committees and in the Senate's Democratic leadership. "In many ways, this 2024 election is the most consequential election in our lifetimes," he said, not directly referencing President Joe Biden or former President Donald Trump but adding: "Will the United
Rising Number of Men Don't Want to Work
29 replies
American men are opting out of the workforce at unforeseen rates. For many, it's not an issue of not being able to find a job. They have simply opted out altogether. The Bureau of Labor Statistics found only 89 percent of working age men have a job or are actively looking for work. In 1950, that number was at 97 percent. While the early 1950s saw around 96 percent of working age American men between the ages of 25 and 54 working full or part-time jobs, that proportion has now moved to just 86 percent, according to the Bureau of
DENVER — The Arapahoe County Sheriff’s Office and several other agencies rescued eight teens from an abandoned missile silo near Deer Trail Sunday morning. One of the teens was in critical condition after falling 30 feet. A rescue operation had been underway to save the teen. Just before 9 a.m., the teen was rescued and put into a helicopter that was on standby at the scene and airlifted away. Authorities told FOX31 that the teen was expected to survive. The Arapahoe County Sheriff’s Office told FOX31 that eight teens total trespassed onto the land and made their way into the
U.S. job growth totaled 175,000 in April,
much less than expected, while unemployment
rose to 3.9% 3 replies
much less than expected, while unemployment
rose to 3.9% 3 replies
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, raising hopes that the Federal Reserve will be able to cut interest rates in the coming months. Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. (Snip) The jobless rate tied for the highest level since January 2022. A more encompassing rate that includes discouraged workers and those holding part-time jobs for economic
PORTLAND, Ore. — A public fountain in Portland’s South Park Blocks that depicts a scene from the Torah and the Old Testament and was donated to the City of Portland by Jewish Immigrant Joseph Shemanski in 1926, was vandalized in early March, city officials say. Portland Parks & Recreation spokesperson Mark Ross told KOIN 6 News that Shemanski Fountain’s stone base was chipped away and two of the fountain’s three bronze bowls were stolen. The City of Portland filed a vandalism report on March 4 after city employees noticed the damages. “PP&R maintains the fountain and Portland Water Bureau owns
Intense clashes between anti-war protesters and police on college campuses is spreading alarm among Senate Democrats who worry that anger over President Biden’s handling of the war in Gaza could engulf their party’s presidential nominating convention in late August. Images of police arresting more than 100 protesters on Columbia University’s campus, including Rep. Ilhan Omar’s (D-Minn.) daughter, have Democratic lawmakers bracing for chaos in Chicago. It’s just one of several campuses around the country where there have been arrests. “I think if the situation doesn’t change dramatically in Gaza, yeah, I think it could be bad,” warned one Democratic senator
Grizzly bears will be reintroduced to Washington state’s North Cascades mountain range, the federal government said this week — a decision that followed years of bitterly divided debate. But it may still be years before the creatures step foot in the remote and rugged landscape, given that the complicated process requires trapping, trucking and moving bears by helicopter from British Columbia or northwestern Montana. “There’s a lot to be done before we could even come up with a timeline,” said Jason Ransom, a wildlife biologist at North Cascades National Park. “For a project like this to be successful, it’s really
WASHINGTON -- President Joe Biden is set to deliver an election-year roast Saturday night before a large crowd of journalists, celebrities and politicians against the backdrop of growing protests over his handling of the Israel-Hamas war. In previous years, Biden, like most of his predecessors, has used the annual White House Correspondents' Association dinner to needle media coverage of his administration and jab at political rivals, notably Republican rival Donald Trump. But with protesters pledging to gather outside the dinner site, any effort by Biden to make light of Washington’s foibles and the pitfalls of the presidential campaign will have
Most Active Articles (last 48 hours)
Trump undermines himself with crude language
62 replies
If you are the parent of young children, are you OK with your kids hearing former President Donald Trump’s language and putdowns, like the ones at his rally last Saturday in Wildwood, New Jersey? One can hear a kid justifying his or her own swearing: “If Trump can talk like that, why can’t I?” Is this the way we want our children to be raised? They will learn swear words soon enough (and hopefully control their use of them or eschew them altogether).
The parade of GOP leaders appearing outside the New York City courthouse where former President Donald Trump is on trial is "a little embarrassing," Sen. Mitt Romney, R-Utah, said Wednesday.
"I think it’s a little demeaning to show up in front of a courthouse particularly one where we’re talking about an allegation of paying a porn star," Romney told reporters before a Senate Foreign Relations Committee meeting in Washington. The former president is on trial for allegedly falsifying business records to cover up a hush money payment to porn star Stormy Daniels amid the 2016 presidential election.
President Joe Biden has proposed two debates with Donald Trump, throwing down the gauntlet in a video message directed at his rival, where he taunts him with 'I hear you're free on Wednesdays.'
Trump, who is in his fourth week of a hush-money trial in New York, is required by the judge to be in court for testimony. Wednesday is the only day the court is not in session.
Biden is proposing their first presidential debate be in late June and the second would occur in September before early voting begins. He proposes a vice presidential debate in July.
Vice President Kamala Harris dropped an f-bomb while dishing out advice during the annual Asian Pacific American Institute for Congressional Studies (APAICS) Legislative Leadership Summit in Washington, DC, on Monday.
Harris spoke to the crowd about breaking down barriers and handling opportunities and instances in which an individual is the “only one that looks” like themself.
Harris added that, in certain instances, they would “need to kick that f**king door down.”
Mayor Eric Adams has once again ignited controversy with his latest comments on the city’s lifeguard shortage. The mayor has suggested that illegal immigrants could be the solution to New York City’s staffing woes, specifically because “they’re excellent swimmers.”
This eyebrow-raising connection was made by Mayor Adams during a City Hall briefing when pressed about the challenges facing the city’s beaches and pools. With Memorial Day approaching and no clear resolution in sight, Adams proposed expediting migrant work visas for these critical roles.
“How do we have a large body of people that are in our city, our country, that are excellent swimmers and at the same time we need lifeguards —
Pulitzer Prize-winning journalist Nicholas Kristof wrote in his new book that the American press should not remain “neutral” when it comes to covering former President Donald Trump because of the alleged threat he poses to democracy. (snip) In his book, he warns about Trump and his allies’ alleged attempts to “undermine democracy” and establish “populist authoritarianism,” according to CNN. Kristof also argues that, in a second term, Trump could weaponize the federal government “to punish or intimidate news organizations” and even carry out “assassinations.”
More than half of the foreign-born immigrant population in the United States under President Joe Biden’s administration is unemployed, according to a recent report.
The Center for Immigration Studies (CIS) released a report on Monday that showed that just 46 percent of migrants who had arrived in the U.S. “in 2022 or later” were employed as of the beginning of 2024.
“Immigration clearly adds workers to the country, but it just as clearly adds non-workers who need to be supported by the labor of others,” Steven Camarota and Karen Zeigler, researchers with the CIS, wrote.
A vulnerable congressional Democrat in the key battleground state of Pennsylvania who previously dismissed a border wall as "silly," appears to have shifted her views on immigration, according to a recent op-ed calling for stricter border security.
"We may be a long way from the U.S.-Mexico border, but the problems created by a broken system affect us too, particularly with regard to the entry of illegal drugs into our country," Rep. Susan WIld wrote in an op-ed published last month in The Morning Call. Wild’s op-ed, which was headlined "Your View by US Rep. Susan Wild: It’s time to do something about the Southern border,"
Forget The Media Spin — Here's Who GOP
Voters Really Favor As Trump's V.P.: I&I/TIPP Poll 22 replies
Voters Really Favor As Trump's V.P.: I&I/TIPP Poll 22 replies
Who should be Donald Trump’s vice presidential running mate? Though no one yet knows who it will be, many people seem to have an opinion about whom it should be. It’s a long list of possible names for the increasingly important vice presidential job, as the latest I&I/TIPP Poll indicates.
As part of our monthly national online poll, taken from May 1-3, we asked 538 Republicans, and those who lean that way, two questions about who they preferred as Trump’s vice president. The poll has a margin of error of +/-4.3 percentage points.
First we asked a straightforward question: “Who is your top choice for Trump’s vice president?”
Jimmy Carter's grandson has revealed the 99-year-old former president is 'coming to the end'.
The Georgia peanut farmer and oldest living president has been in hospice care for more than a year after deciding to forego any further medical treatment.
Since then his beloved wife Rosalynn has passed away and he has been living at home with regular visits from his family. Jason Carter said at a mental health forum on Tuesday: '(My grandfather) is doing OK.
'He has been in hospice, as you know, for almost a year and a half now, and he really is, I think, coming to the end that, as I’ve said before, there’s a part
A Mercer County man who was in the U.S. Marine Corps until last week has been charged with making threatening statements about killing white people in a shooting rampage, federal authorities announced Monday.
Joshua Cobb, 23, of Hamilton, mentioned two possible attack locations, a Jersey Strong gym and an Aldi grocery store in Robbinsville, and said he had access to guns and the will to kill a lot of people, authorities allege.
Cobb also fantasized about the adrenaline rush and high he’d feel during such a shooting. “I’d probably OD on my own adrenaline after the 10th body goes down,” he allegedly wrote on social media in March of last year.
I’ve never been to Red Lobster, but they’re everywhere, at least for now. It’s the nation’s largest seafood chain, and it got cooked over various factors, but one consumer deal appears to have been the straw that broke the camel’s back: the “all you can eat” shrimp deal.
The corporate brass thought this pitch could be the draw to turn around the chain. Instead, it cost them millions, leading to yesterday’s news that Chapter 11 bankruptcy is imminent and will be filed before Memorial Day. Hundreds of millions of dollars in debt are set to be restructured, with dozens of locations slated for closure (via WSJ): (X)
Comments:
Surprise! More inflation on the way. But Joe-Pop says you have the privilege of working 3 jobs to keep a roof over your head.