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Aug 15·edited Aug 15Author

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month. Rise likely spells end for any hopes for further rate cut in September

https://www.independent.co.uk/news/business/inflation-bank-of-england-interest-rates-cut-b2596050.html

Egg prices continue to soar by nearly 20%, new inflation data shows

https://abcnews.go.com/amp/GMA/Food/egg-prices-continue-soar-20-new-inflation-data/story?id=112833521

Slow and steady may win the race for a tortoise vs. a hare, according to Aesop's Fables. However, in reality, this turn of phrase does not ring true when applied to the gradual climb of consumer prices, especially with the latest exorbitant cost increases on items like eggs. Egg prices soar nearly 20% since last year. EGGS, MEAT, CEREAL, BREAD AND MILK. HAVE TOO.

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Consumer prices rise in latest federal inflation data

https://www.thecentersquare.com/national/article_1d9cd698-5a3b-11ef-8ad8-f3388d5507a4.html

Inflation has slowed significantly since its peak increase earlier in the Biden-Harris administration, but prices still remain elevated.

The latest CPI increase comes after a 0.1% decrease in June. BLS said that shelter cost increases accounted for 90% of the increase.

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Europe's Gas Surplus Nearly Dried Up

https://www.oedigital.com/amp/news/515979-europe-s-gas-surplus-nearly-dried-up

Walmart shopper sues chain for ‘injury caused by cart’ – weeks after retailer was forced to pay second customer $1.2m

https://www.the-sun.com/news/12194291/shopper-leaves-cart-self-checkout-switch-up-cashiers/#:~:text=A%20SHOPPER%20has%20raged%20at,retailer's%20use%20of%20self%2Dcheckout.&text=Steve%20(%40Hondatech1188)%20fumed%20at,in%20a%20scathing%20X%20post.

As lines become longer, scams increase, and the wrong price we've come to hate them. I'm one of them. I'm not paid to shop, check, or bag. And there is no discount to use them. 30% of the cost is a Checker/Bagger. Seniors are hurt the most as they are often disabled. You are now expected to tip the bagger if they take out your groceries. On top of full wages. Unlike a waitress who makes less than $3.00 per hour. No real checkout line I leave the cart and walk out. I use cash, not a debit or credit card. I refuse to play their games.

Shopper leaves cart with $300 worth of items and ‘takes business elsewhere’ after bashing checkout switch-up

https://www.the-sun.com/news/12194291/shopper-leaves-cart-self-checkout-switch-up-cashiers/#:~:text=A%20SHOPPER%20has%20raged%20at,retailer's%20use%20of%20self%2Dcheckout.&text=Steve%20(%40Hondatech1188)%20fumed%20at,in%20a%20scathing%20X%20post.

A SHOPPER has raged at a store as he ditched $300 worth of goods because of a checkout-area change.

This customer said they would shop elsewhere in response to the retailer’s use of self-checkout.

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The Economic Mind of Tim Walz

https://www.npr.org/sections/planet-money/2024/08/13/g-s1-16662/the-economic-mind-of-tim-walz

Before Walz was governor and a vice presidential candidate, he wore many hats. He was a congressman, a high school teacher, a union member, a command sergeant major in the Army National Guard, a state-championship-winning high school football coach. One hat he did not wear: lawyer. That makes him, according to The Economist, “the first non-lawyer to be on the Democratic ticket since 1980.”

Kamala Harris' far-left record dismissed as 'accusations,' attacks from Trump and GOP: 'She's moderate' https://www.foxnews.com/media/kamala-harris-far-left-record-dismissed-accusations-attacks-from-trump-gop-shes-moderate.amp Vice President Harris' more liberal stances during her 2020 presidential campaign have been framed by members of the media as just accusations from the Republican Party and former President Trump, as she's poised to take President Biden's spot at the top of the Democratic ticket. While running for president in 2019, Harris declared there was "no question" she favored banning fracking. Harris also supported the Minnesota Freedom Fund, which helped bail Black Lives Matter rioters out of jail in 2020. "One presidential cycle later, with Vice President Harris less than a week into another race for the White House, video clips of her old statements and interviews are being weaponized as Republicans aim to define her as a left-wing radical who is out of step with swing voters," the report read. In a post to social media, the New York Times wrote, "Republicans are digging up the progressive statements Kamala Harris made during her 2020 presidential campaign as they aim to define her as a left-wing radical who is out of step with swing voters." Harris appeared to support an overhaul of the Immigration and Customs Enforcement (ICE) agency, and told MSNBC in 2018, "There’s no question that we’ve got to critically reexamine ICE and its role, and the way that it is being administered, and the work it is doing. And we need to probably think about starting from scratch." She also supported abolishing the filibuster to pass the Green New Deal, according to multiple reports on Harris' more liberal positions from her 2020 campaign. Dems float federal handout for migrants to promote 'self-sufficiency' https://www.newsweek.com/democrats-plan-migrant-funding-ease-pressure-1932740 Agroup of Congressional Democrats has introduced legislation that would allocate around $3 billion per year in federal funds to help recent migrants become more self-sufficient, arguing it will take the pressure off states and cities struggling to cope with a crush of new arrivals. The cash would fund projects run by local governments, as well as non-profits, to get new arrivals out of shelters and into housing and jobs.

Tell the voters what gets them to the poll.

While in Congress, Walz represented a conservative district that had elected only one other Democratic representative in the previous century. The conservative makeup of that district might help explain why he took political positions that are rare for Democrats, including supporting gun rights (he had an “A” rating from the NRA) and the Keystone XL pipeline, which progressive lawmakers and environmentalists opposed because of its likely environmental impacts. Despite representing a conservative district, however, Walz was also an early supporter of same-sex marriage. He also has a long history of taking populist, progressive positions on a host of economic policies, from trade to corporate bailouts.

Walzonomics

As governor, Walz prioritized increasing the economic security of kids. A couple years back in the Planet Money newsletter, we highlighted how America’s welfare system is pretty generous for the elderly but relatively stingy for kids. Comparing the United States to almost 40 other countries in the OECD, only Turkey spends less per child as a percentage of their GDP. It’s a significant reason why the US has a much higher rate of childhood poverty than other rich nations — and even a higher rate of childhood poverty than some not-so-rich countries.

As a senator, Kamala Harris co-sponsored legislation to increase the child tax credit. And, according to reporting from NPR’s Asma Khalid, Harris was “particularly passionate” on this issue when she became vice president.

During the pandemic, the Biden-Harris administration, as part of the American Rescue Plan, expanded and enhanced the childhood tax credit, helping lift millions of kids out of poverty. One study by scholars at Columbia University found it reduced childhood poverty by about 30%. But, the enhanced childhood tax credit was made only temporary, and because of politics in Washington, Congress didn’t end up renewing it.

Governor Walz wasn’t happy with that. So he implemented a state version of the childhood tax credit, which, according to the Tax Policy Center, is “one of the largest in the country.” Starting in tax year 2023, every Minnesotan taxpayer with kids can claim “$1,750 per qualifying child, with no limit on the number of children claimed.” And because the credit is fully refundable, it means that even low-income Minnesotans who don’t pay much or anything in state taxes are eligible for it.

The Press Won’t Discuss Real Campaign Issues, Because They Don’t Want Trump To Win

https://thefederalist.com/2024/08/13/the-press-wont-discuss-real-campaign-issues-because-they-dont-want-trump-to-win/

Minnesota grandma jailed for defying Walz COVID lockdown orders warns 'you do not want tyranny at this level'

https://www.yahoo.com/news/minnesota-grandma-jailed-defying-walz-153321382.html

Coney Island migrant rape suspect 'attacked another woman' just four months after entering US illegally

https://www.dailymail.co.uk/news/article-13738935/nyc-migrant-coney-island-rape-woman-attack.html

Colorado parents sue school for helping their daughter become a boy in class and keeping them in the dark https://www.dailymail.co.uk/news/article-13739209/Colorado-parents-sue-school-helping-daughter-boy-class-keeping-dark.html

Trump’s Social Security proposal could be his biggest political weapon

https://www.americanthinker.com/blog/2024/08/trump_s_social_security_proposal_could_be_his_biggest_political_weapon.html

Elon Musk: ‘You Can’t Have a Conversation with Biden or Kamala’ Like You Can with Trump

https://www.breitbart.com/politics/2024/08/13/elon-musk-you-cant-have-conversation-with-biden-kamala-like-you-can-with-trump/

Nearly $10B in Hurricane Debby damage occurred in areas without flood insurance requirements

https://thehill.com/policy/energy-environment/4825776-hurricane-debbie-flood-damage-uninsured/

Houthi terrorist

https://www.breitbart.com/middle-east/2024/08/13/houthis-take-over-u-n-office-keep-staff-hostage-yemen/

https://thehill.com/policy/defense/4825856-us-threatens-swift-and-severe-response-if-iran-sends-ballistic-missiles-to-russia/

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You may not think crime would be a cause of economic issues, it is as businesses close or move, prices are higher. Just a few months ago Memphis was #5 in the nation, #1 in the State. Now #2 in the nation with a shrinking population. National crime stats show Memphis leads the nation in homicide rate despite the overall decrease in crime. AND THAT STATE IS PURE BS. Memphis roughly has a population base of 60,000. No were near NY or Cali. They just stopped reporting it. The new mayor is in over his head. And a Democrat. Knoxville, Nashville, and Chattanooga are the same. They will hold the funeral of a young black Police Officer today.

National crime stats show Memphis leads the nation in homicide rate despite the overall decrease in crime

https://www.actionnews5.com/2024/08/14/national-crime-stats-show-memphis-leads-nation-homicides-despite-overall-decrease-crime/

MEMPHIS, Tenn. (WMC) - This week, the United States Department of Justice announced that violent crime is down in 70 major cities across the country, including Memphis.

The Feds called it a “substantial reduction,” but is that true in the Bluff City?

The findings come from the Major Cities Chiefs Association Violent Crime Survey, which collected crime data through the FBI’s Uniform Crime Reporting program and National Incident-Based Reporting System.

It compared crime statistics in the first six months of this year against the first six months of 2023.

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Inflation ticks up in new federal data

https://highlandcountypress.com/news/inflation-ticks-new-federal-data#gsc.tab=0

The Producer Price Index, a leading marker of inflation, rose last month.

The U.S. Bureau of Labor Statistics released the data, which showed a 0.1% increase in July, part of a 2.2% increase in the previous 12 months.

The Great Detachment is looming for employees, experts warn — especially for Gen Z

https://www.businessinsider.com/great-detachment-is-looming-for-employees-especially-for-gen-z-2024-8

The world's workforce is disengaged, and the "Great Detachment" is looming.

Car insurance rates are skyrocketing again for several reasons

As of February 2024, average car insurance costs have gone up a whopping 21% year over year according to the U.S. Bureau of Labor Statistics.

https://living.acg.aaa.com/insurance/why-the-average-car-insurance-price-is-rising-and-what-you-can-do#:~:text=As%20vehicles%20become%20more%20sophisticated,area%20driving%20up%20insurance%20costs.

While inflation certainly plays a role, every aspect of the auto insurance business has become more expensive. As vehicles become more sophisticated and technology improves, individual components are more expensive and the cost to repair them increases. Additionally, an increase in natural disasters and severe storms are another critical area driving up insurance costs

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Paramount TV Studios Shutting Down Amid Major Restructuring, Layoffs

https://www.breitbart.com/entertainment/2024/08/13/paramount-tv-shutting-down-laying-off-thousands-amid-uncertainty/

Paramount Global announced on Tuesday it would be shutting down its TV studio, laying off thousands amid the industry's uncertain future.

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Fed cutting rates before September like 'yelling fire in a crowded theater'

https://san.com/cc/fed-cutting-rates-before-september-like-yelling-fire-in-a-crowded-theater/

There’s a company called MacroEdge and they do a very transparent job of tracking job cut announcements. We’ve had an average of 100,000, more than 100,000 job cuts announced over the last four or five months here in a time of the year that is typically benign. Usually you see your worst month of the year be January, that’s when the CEO and the CFO come in and clean house. But April was worse and it’s been just awful ever since then. For heaven’s sake, we’re seven days into the month of August and we’ve already seen 40,000 job cuts announced.

So out of touch they have been doing it for years

'Corporate Greed Is Out of Control': Warren Slams Kroger's AI Pricing Scheme.

https://www.commondreams.org/news/kroger-ai

"Kroger is trying to pull a fast one on us by using digital price tags—a move that could let them use surge pricing for water or ice cream when it's hot out," said the senator.

Amy Savitsky & Others Out As A+E Networks Layoffs Hit Lifetime & History Programming Teams

https://deadline.com/2024/08/lifetime-history-ae-networks-layoffs-1236039447/

EXCLUSIVE: A+E Networks is undergoing a round of layoffs today that has seen cuts across Lifetime and History‘s programming teams.

Deadline understands that Amy Savitsky, SVP Unscripted Development and Programming at Lifetime, as well as VPs Kim Chessler and Cat Rodriguez are out as part of the cuts.

There also are cuts across History and A&E with Zach Behr, VP Unscripted Programming, History, and A&E’s Peter Tarshis, who has worked for the company for over 30 years, also departing.

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Aug 15·edited Aug 15Liked by ABIGAIL REPORTS

For what its worth, in 2008, I had an interesting conversation with an acquaintance who worked in the commodities market. He told me of a well-know plan at the time to flood the market with cheap foreign labor, displacing the American labor force with the imported one. The thought at the time was that Americans hadn't suffered enough, but a long spell of unemployment should have them begging for any work at any wage and NO Benefits!

At the time as a conservative, I found the thought reprehensible and tried to spread what I had heard. I was quickly dismissed.

Well I am a true believer in what I heard in 2008 more than ever now. I think it fits in nicely with the Cloward-Piven Strategy of 1967.

We all need to plead for the grace of God now more than ever. Evil is seeking to kill and destroy Americans, and has been for quite some time now.

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Of course, you were, after the first Great Depression, we were congress put 'safeguards' in place. Seems that was a lie. Never realizing the greed and grat that would come. Our congress and business need to be disassembled, and Constitutional ones put in place. Statutory laws are crap. I'll be pitting more in the comments this morning. And in the ones on Harris/Walz.

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Kackles new food plan is Nixon's flopped plan. New evidence shows that President Richard Nixon understood the economic costs of wage and price controls, but implemented them to secure his re-election in 1972.

https://fee.org/articles/nixon-knew-his-price-controls-wouldnt-work/

Kamala the Commie Makes Her Most Radical Promise: Her Plan to Tackle Inflation Will Destroy America

https://www.patrioticviralnews.com/.../kamala-the-commie.../

As if there was ever really any doubt, Kamala Harris just confirmed that she is a FULL-BLOWN COMMUNIST! After the policies which she and her buddy Joe Biden have implemented across America led to massive inflation spikes in every category, but especially food prices, Kamala’s solution is apparent After the policies which she and her buddy Joe Biden have implemented across America led to massive inflation spikes in every category, but especially food prices, Kamala’s solution is apparently… communism. Under the guise of “banning price gouging” Kamala’s “genius” fix for inflation is take a page out of Soviet-Russia’s book with “food pricing controls.”

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Stressed and stretched: Americans battle financial anxiety.

88% of Americans report financial stress, citing inflation, lack of savings and economic uncertainty as top concerns

https://www.deseret.com/utah/2024/08/12/inflation-america-financial-burderns-economy/

Word Salad, no plan. “So it is something that we take very seriously,” Harris added. “Very seriously. And we know from the history of this issue in the United States that when you see the prices go up, it has a direct impact on the quality of life for all people in our country. So it’s a big issue, and we take it seriously, and it is a priority therefore.”

THE ECONOMY WAS IMPACTED THE DAY BIDEN-HARRIS SHUT OFF THE KEYSTONE PIPELINE. AND SHUT THE COAL MINES DOWN. WITHIN 100 DAYS.

Trump, DRILL, BABY, DRILL. BUILD THE WALL. WHICH BIDEN TOOK DOWN AND SOLD FOR PENNIES. SCOTUS HAD TO ORDER THE WALL BERE-BUILT, APATHETIC ONE.

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Border Agents Seize Over $6.5 Million Worth Of Narcotics Hidden In Shipment Of Flowers

https://brobible.com/culture/article/border-patrol-seizes-narcotics-hidden-shipment-flowers/?utm=newsbreak

Smugglers trying to sneak illegal drugs into the United States have shown that they will try just about anything to get their narcotics into the country.

One of the latest examples of this came last week when a 2023 Freightliner hauling a utility refrigerated trailer manifesting a commercial shipment of flowers tried to cross over the the World Trade Bridge and gain entry into Laredo, Texas from Mexico.

After being pulled over for a secondary inspection, canine and non-intrusive inspection system examinations revealed that the refrigerated trailer had more than just flowers inside. It also contained narcotics – 712.54 pounds of alleged methamphetamine with a street value of $6,551,910, according to a U.S. Customs and Border Protection (CBP) press release.

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The big issue. Sheriffs slam Biden-Harris admin over failed border policies that let in Tren de Aragua after group gave ‘green light’ to shoot cops

https://nypost.com/2024/08/13/us-news/sheriffs-slam-biden-harris-admin-over-border-policies-that-let-in-tren-de-aragua/

Sheriffs across the US are slamming the Biden-Harris administration over the failed border policies that allowed in violent Tren de Aragua gang members, who are now threatening to shoot cops. The Venezuelan prison gang has sent its members across the southern border posing as migrants seeking asylum in the US. While in the country, the gang’s leadership has given its members the “green light” to shoot American law enforcement officers who try to disrupt their operations.

In a statement Tuesday, leaders of the American Sheriffs Alliance called for national attention to Tren de Aragua’s threat and said the source of the gang’s actions is the open US-Mexico border. “When we allow a brutal and violent gang, like [Tren de Aragua], to operate in the United States, we have failed in terms of border security,” said Canyon County, Idaho, Sheriff Kieran Donahue.

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Californication + Minnesotication = Venezuelication

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