Month: June 2022

Jerome Powell Admits Federal Reserve Underestimated Inflation

The Federal Reserve underestimated rampant price inflation as the U.S. economy reopened, Chair Jerome Powell told lawmakers on the House Financial Services Committee on Thursday. Rep. Ann Wagner (R-Mo.) told Powell that she thinks the head of the central bank “underestimated actual inflation” and asked what monetary policymakers missed. “We did underestimate it. With the…


Gas Prices—Now It’s Called the ‘Putin Tax Hike’ | The Larry Elder Show

White House press secretary Karine Jean-Pierre struggled to provide a coherent answer on how President Joe Biden will address skyrocketing gas prices during a press briefing Tuesday. She said, “Dealing with what the Americans are facing at the pump, which is high—high—high prices due to inflation, due to the— part of it is the pandemic,…


[PREMIERING NOW] Gas Prices—Now It’s Called the ‘Putin Tax Hike’ | The Larry Elder Show

White House press secretary Karine Jean-Pierre struggled to provide a coherent answer on how President Joe Biden will address skyrocketing gas prices during a press briefing Tuesday. She said, “Dealing with what the Americans are facing at the pump, which is high—high—high prices due to inflation, due to the— part of it is the pandemic,…


[PREMIERING at 3PM ET] Gas Prices—Now It Is Called the ‘Putin Tax Hike’ | The Larry Elder Show

White House press secretary Karine Jean-Pierre struggled to provide a coherent answer on how President Joe Biden will address skyrocketing gas prices during a press briefing Tuesday. She said: “… dealing with what the Americans are facing at the pump, which is high — high — high prices due to inflation due to the —…


Biden Reacts to Supreme Court Handing Gun Owners Second Amendment Victory

President Joe Biden issued his response to the Supreme Court handing gun owners a major Second Amendment-related victory on Thursday. “Since 1911, the State of New York has required individuals who would like to carry a concealed weapon in public to show a need to do so for the purpose of self-defense and to acquire…


Supreme Court Allows GOP Legal Defense of North Carolina’s Embattled Voter ID Law

The Supreme Court ruled 8-1 on June 23 that North Carolina’s Republican-controlled legislature must be allowed to step in to advocate for a heavily litigated voter ID law in court because Josh Stein, the state’s Democratic attorney general, allegedly isn’t doing enough to defend the statute. Republican lawmakers have long complained that Stein’s advocacy has…


6 Killed in Helicopter Crash in West Virginia: Report

A helicopter used for tourism flights crashed onto a highway in West Virginia state on Wednesday, killing six people on board, local media reported. The helicopter, which was based at an airport in the state’s Logan County, crashed on State Route 17 and was on fire when rescue crews arrived, the WSAZ-TV reported, citing Ray…


Six Killed in Helicopter Crash in West Virginia: Report

A helicopter used for tourism flights crashed onto a highway in West Virginia state on Wednesday, killing six people on board, local media reported. The helicopter, which was based at an airport in the state’s Logan County, crashed on State Route 17 and was on fire when rescue crews arrived, the WSAZ-TV reported, citing Ray…


US Law on Forced Labor Could Change China’s Cotton Industry

The U.S. Uyghur Forced Labor Prevention Act (UFLPA) came into effect on June 21. This potentially far-reaching legislation prohibits imports that are made by forced labor in Xinjiang, China, which includes cotton products. About 90 percent of China’s cotton is produced in Xinjiang, and the region has almost no capacity to provide evidence that forced…


US Law on Forced Labor Changes China’s Cotton Industry

The U.S. Uyghur Forced Labor Prevention Act (UFLPA) came into effect on June 21. This potentially far-reaching legislation prohibits imports that are made by forced labor in Xinjiang, China, which includes cotton products. About 90 percent of China’s cotton is produced in Xinjiang, and the region has almost no capacity to provide evidence that forced…