Above Photo: Olle Svensso / Flickr. Rather than making money harder to get, the U.S. government needs to focus on the other side of the demand vs. supply inflation equation. In prescribing cures for inflation, economists rely on the diagnosis of Nobel laureate Milton Friedman: inflation is always and everywhere a monetary phenomenon—too much money chasing too few goods. But that equation has three variables: too much money (“demand”) chasing (the “velocity” of spending) too few goods (“supply”). And “orthodox” economists, from Lawrence Summers to the Federal Reserve, seem to be focusing only on the “demand” variable. The Fed’s prescription is […]
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At least 118 officers have left the Seattle Police Department (SPD) following mass Black Lives Matter protests and city budget cuts. It currently has around 1,200 officers on its force – the lowest number in a decade. According to statistics from the mayor’s office, the month of September typically sees five to seven officers depart from the department, but this year a whopping 39 officers left, including three who were still in training. Other departures included officers who sought lateral moves to other departments or retired altogether. Making those numbers even more dire is the fact they don’t include another 14 […]
Argentina has the misfortune of boasting the highest rate of positive Covid-19 tests in the world, even after the country endured more than 200 days of restrictions purportedly aimed at stopping the spread of the virus. Read more In the South American nation, six out of every 10 tests for the virus yield a positive result, according to the Oxford University-affiliated Our World In Data coronavirus tracker. Argentina has registered a seven-day rolling average of 12,500 new daily cases, with the total number of infections reaching 809,728 on Monday. The country has seen 21,468 Covid-related deaths since the start of the […]
Ice loss from Greenland’s ice sheet will cause sea levels to increase more during the 21st century than any ice loss during any 100-year period in the last 12,000 years, according to a new study published Wednesday in the journal Nature. Using an ice-sheet model, researchers found that the most substantial pre-industrial rates of ice loss from the Greenland sheet, up to 6,000 billion metric tons per century, took place in the early Holocene period, which began nearly 12,000 years before the present. Simulations of future mass loss from the southwestern Greenland ice sheet predict that the mass lost in the […]
The Covid-19 per-capita death rate in Israel is higher than that of the United States for the first time since the outbreak of the pandemic, that country’s military intelligence reported on Tuesday. Israel’s daily Covid-19-related death rate was 3.5 per million people compared to the US rate of 2.2 per million, according to task force, which is a part of the Israel Defense Forces Military Intelligence Directorate. The daily deaths per capita are calculated by the task force as an average of the previous week. Israel also has a higher infection and mortality rate per million people than the US, France, […]
Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,662-$11,099 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 14.Source: TradingView Bitcoin hit as high as $11,099 on exchanges such as Coinbase Wednesday after the U.S. Federal Reserve announced it was keeping interest rates near zero until maximum employment is achieved. The price lost […]
With the Fed’s decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action. Source link
WASHINGTON (Sputnik) – The US Justice Department’s operation to crack down on inner-city violence has led to a significant reduction in homicides in Chicago, Attorney General William Barr said on Wednesday. “I am pleased to report that Operation Legend is working. Crime is down and order is being restored,” Barr said at a press conference in the Windy City. “Operation Legend’s success is perhaps most dramatic here in Chicago.” Since the operation was expanded to Chicago on July 22, Barr added, homicides in the city have fallen by 50 percent. Barr said, overall, the nine-city initiative has resulted in more than […]
Federal Reserve Chairman Jerome Powell speaks to reporters on March 3 in Washington, D.C. In an interview Friday with NPR, Powell says it may take years before the economy has fully recovered. Eric Baradat/AFP via Getty Images hide caption toggle caption Eric Baradat/AFP via Getty Images Federal Reserve Chairman Jerome Powell speaks to reporters on March 3 in Washington, D.C. In an interview Friday with NPR, Powell says it may take years before the economy has fully recovered. Eric Baradat/AFP via Getty Images Federal Reserve Chairman Jerome Powell says the pace of jobs growth is rising faster than many people expected, […]
If you just returned from 40 years (or even four) in a jungle in Borneo without television and modern communications and watched Tuesday night’s Republican convention, you’d think these were lovely people doing wondrous things. There was the former robber and the FBI guy who befriended him (needless to say, across racial lines). The New Mexico cop who adopted the heroin addict’s baby and helped her clean up. And then all that bragging about all those best-ever accomplishments. You’d turn the TV off wondering what kind of nutcase can possibly be against this? Then your host would sit you down and […]
Lenders Deny Mortgages For Black Homeowners At A High Rate August 22, 2020 Lenders Deny Mortgages For Black Homeowners At A High Rate2020-08-222020-08-22https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/black-home-ownership.-by-shannon-wright-for-nbc-news-e1598104929683.jpeg200px200px Above photo: Black homeownership. By Shannon Wright for NBC News from The American dream while Black: Locked in a vicious cycle. This Black borrower has an outrageous story about his mortgage refinance. When the coronavirus struck the U.S. in early spring, and the stock market went into freefall, mortgage rates also began to plummet. Thousands of homeowners rushed in to refinance their loans, getting much-needed savings on their monthly payments. Akili Akridge, a Black homeowner in Maryland, saw all the […]
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20 percent following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days. The heavy rainstorms have caused electricity cut-off in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn. As result, impacted bitcoin […]
Health Editor’s Note: And just when you thought the COVID-19 news could not get worse….Carol Initial COVID-19 infection rate may be 80 times greater than originally reported by Jordan Ford/Penn State News UNIVERSITY PARK, Pa. – Many epidemiologists believe that the initial COVID-19 infection rate was undercounted due to testing issues, asymptomatic and alternatively symptomatic individuals, and a failure to identify early cases. Now, a new study from Penn State estimates that the number of early COVID-19 cases in the U.S. may have been more than 80 times greater and doubled nearly twice as fast as originally believed. In a paper […]
https://cdn1.img.sputniknews.com/img/107919/31/1079193136_0:0:3073:1728_1200x675_80_0_0_baef435a6861e37b395bbfcba4f302a4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202007221079955307-iran-planning-to-lever-financial-assets-held-abroad-to-balance-own-currency-rate/ MOSCOW (Sputnik) – The Iranian government has unveiled plans to use foreign currency reserve assets abroad for balancing domestic exchange rates, which have experienced extreme volatility over the past week, President Hassan Rouhani said on Wednesday. “We are trying to use the currency we hold in other countries as reserves, as good measures have been taken in recent days with at least three countries”, Rouhani said at a cabinet meeting, as quoted by Iran’s Tasnim news agency. The Iranian president pointed, in particular, to Russia and China, saying that the political ties with these […]
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to switch to Binance a better connection and direct route to its mining pool, the two firms said in an announcement Friday. In return, Binance would gain exposure and access to customers who run their machines at BitRiver, which currently operates mining facilities at a capacity of […]
Democrats never take responsibility for their failures. Chicago Mayor Lori Lightfoot on Monday blamed the Coronavirus for her city’s rising murder rate. Last week it was reported 65 people were shot across Chicago as Mayor Lightfoot pushed for police reform and lectured the city on Coronavirus safety measures. Four children were among the 65 people shot. TRENDING: “F**k You Cracker A$$!” – Peaceful Protest: BLM Thug Harasses, Threatens White School Kids on Their Trip to DC (VIDEO) A total of 18 people died, including 2 children and a baby. There was even more violence over 4th of July weekend, but Mayor […]
US President Donald Trump said that Democratic Party mayors and the Barack Obama administration have done “virtually nothing” to combat violent crime in major American cities like Detroit and Chicago. “Chicago is an example, it’s worse than Afghanistan, it’s worse than… Honduras,” Trump told Fox News anchor Sean Hannity. We have cities that are worse, in some cases – far worse. Take a look at Detroit. Take a look at what’s happening in Oakland. Take a look at what’s happening in Baltimore… These cities, it’s like living in hell. Also on rt.com 104 people SHOT & 5 KIDS DEAD over Father’s […]
We first reported on March 17, 2020, on the controversial Ethiopian politician and Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, and his irresponsible and criminal fear mongering. Tedros claimed in a press conference in early March that the fatality rate for the coronavirus was 3.4% — many multiples that of the fatality rate of the common flu which is estimated to be around 0.1%. This egregiously false premise led to the greatest global panic in world history. The Director General of the WHO spoke on March 3, 2020 and shared this related to the coronavirus: While many […]
It was only a matter of time before crypto adapted elements of the $341 trillion interest rate swap market to its own. Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts. And it could also help those lending and borrowing in the decentralized finance (DeFi) space. On June 9, the Singapore-based Delta Exchange launched interest rate swaps (IRS) – a contractual agreement between two parties to exchange interest rate payments over a set period of time. Usually, an IRS involves the exchange of floating rate and fixed-rate obligations (the parties do not […]
‘Misclassification Error’ Is Making Unemployment Rate Look Lower Than It Really Is By Jake Johnson, Commondreams. June 8, 2020 ‘Misclassification Error’ Is Making Unemployment Rate Look Lower Than It Really Is2020-06-082020-06-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/06/labor_trump.jpg200px200px Above photo: Labor Secretary Eugene Scalia speak during a roundtable discussion with President Donald Trump and industry executives in the State Dining Room of the White House in Washington, D.C. on May 29, 2020. Mandel Ngan/AFP via Getty Images. “Long story short, BLS is telling us that we’re at 16 percent unemployment.” Buried at the bottom of the Bureau of Labor Statistics’ May jobs report—which President Donald Trump and Republican lawmakers touted […]
www.pinterest Mammography Screening Reduces Rate of Advanced and Fatal Breast Cancer by Hannah Slater/Cancer Network/Home of the journal Oncology A contemporaneous comparison of women participating in breast cancer screening versus those not participating found that mammography screening reduces the rate of advanced and fatal breast cancers.1 The study, published in Cancer, also found that these benefits appeared to be independent of recent changes in treatment regimens. “This study shows that participation in breast cancer screening substantially reduces the risk of having a fatal breast cancer,” Stephen Duffy, MSc, from Queen Mary University in London, said in a press release.2 “Because the […]
Watch for more liberal heads exploding, as Trump’s approval rating is at 41% among likely black voters according to a new Rasmussen poll. Today – June 5, 2020 Overall Likely Voter (LV) job approval of @POTUS – 48% Indy Voter LV app – 45% Dem LV app of – 23% Black LV Strong app of – 25% Overall Black LV app of – 41% Other Non-White LV app – 43% Today’s Daily Tracking Poll Is Sponsored by @Cernovich https://t.co/mKXK5vjsRk pic.twitter.com/bG3uFHhSfN — Rasmussen Reports (@Rasmussen_Poll) June 5, 2020 With a 25% “strongly approve” and a 16% “somewhat approve,” Trump is riding high […]
As the US Labor Department prepares to release its weekly jobless claims report on Thursday, economists project another 1.84 million Americans have filed for unemployment benefits in the week ending May 30. This is slightly less than the 2.12 million claims filed in the previous week. More than 40 million Americans have filed for unemployment insurance since the start of the coronavirus lockdown period in March, a figure the US has not seen since the Great Depression. Continuing claims, which lag behind initial jobless claims data by one week, are expected to total 20.05 million in the week ending May 23, […]
This is really good news!Attorney Todd McMurtry, who represented the Covington Catholic boys in their lawsuits against the perpetrators in the mainstream media, is running for US Congress in Kentucky’s 4th Congressional district. WLWT5 reported: Todd McMurtry represented Covington Catholic student Nick Sandmann after the student sued CNN for defamation for a video taken at a national Right to Life march. The video shows Sandmann with a group of other students who had been approached by a Native American protester… …McMurtry filed to challenge Thomas Massie in the May GOP primary in the 4th District, a conservative bastion that spans the […]
The Centre for Monitoring Indian Economy (CMIE) has said the unemployment rate in the country was 24 percent for the week ending May 17, remaining unchanged from the previous week’s figure. According to its report, however, the labor participation rate rose to 38.8 percent as industries started opening up gradually after the nationwide coronavirus lockdown. “Halfway into the month of May, it appears that the unemployment rate is around the same level as it was in April, mostly higher by a whisker,” CMIE said, adding that the small relaxations in the lockdown since April 20 have not had any positive impact […]
Dr. John Ioannidis In April Stanford University researcher Dr. John Ioannidis presented a summary report from his recent coronavirus study in Santa Clara, California. The research project looked at 3,300 people in Santa Clara County in California. The Stanford study revealed that 2.5% to 4.2% of people tested for COVID-19 were positive for antibodies. The doctor’s data indicated that there are between 50 to 80-fold more infections in the general population than the confirmed cases. This was a huge development. TRENDING: BREAKING — “QUID PRO JOE’ — AUDIO Released of JOE BIDEN and Ukrainian President Poroshenko Discussing FIRING VIKTOR SHOKIN Who […]
Health Editor’s Note: While Azar’s words would like to lead us to believe that the reason why the U.S. has such high death rates due to COVID-19 infections is due to underlying medical conditions such as high blood pressure, obesity, and diabetes, this is clearly not the real explanation. Other countries who have survived this pandemic with a fraction of the number of fatalities, also have citizens with pre-existing medical conditions that should have also complicated their survival. What the leadership of these other countries did achieve, was to quickly shut down their country to cut the spread of coronavirus by […]