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The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis. GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the...

MINNEAPOLIS (AP) — The chant in Arabic blasted from rooftop loudspeakers, drowning out both the growl of traffic from nearby interstates and the chatter and clinking glasses on the patio of the dive bar that shares a wall with Minneapolis’ oldest Somali mosque. Dozens of men in fashionably ripped jeans or impeccably ironed kameez tunics rushed toward the Dar Al-Hijrah mosque. Teens clutched smartphones, and some of the older devout shuffled in with the aid of walkers from the high-rise complex across the street where thousands of Somalis live. This spring Minneapolis became the first large city in the United...

New York Gov. Kathy Hochul (D) joined with state assembly leaders to announce ten new gun control bills, including a new minimum age and licensing requirement for the purchase of a “semiautomatic rifle.” On May 31, 2022, Hochul tweeted, “New York already has some of the toughest gun laws in the country — but there’s more work to do to keep New Yorkers safe. We are going to strengthen gun laws, give law enforcement tools to prevent crime, & stop the spread of dangerous weapons.”

“Ukraine today, Taiwan tomorrow”- that is a topic of debate in Taiwan. As US officials visit Taiwan, China issues warnings and sends war planes. While Japan and South Korea raise military spending. vid at link China-US rivalry continues to dominate global headlines, and it’s become ever more urgent in the context of Ukraine. China-Europe relations are now at its worst in the past 4 decades. Across Asia- India, Japan and South Korea are increasing military spending. In Southeast Asia, countries eye the South China Sea nervously, as war ships continue to sail here from all the major powers. As all...

Teachers at San Francisco’s Lowell High School gave freshman students significantly more D and F grades this past fall, the first semester after the school board eliminated the merit-based admissions it had relied on for decades. The lower grades, while expected by many, are likely to become part of a fervid debate over Lowell that touches on race, equity and achievement. The grades raise questions about how students — and the school’s teachers and administrators — are adapting to the changes. However, it’s unclear exactly how much the change in admissions policy factored into the rise in D’s and F’s...

President Joe Biden said Monday that the United States would intervene militarily in Taiwan if necessary, in an apparent shift away from the U.S. policy of “strategic ambiguity” that quickly ratcheted up tensions with China. The comment — not the first instance of Biden’s blunt rhetoric on the world stage causing confusion and geopolitical uncertainty — suggested a willingness by the president to go further in defending Taiwan than he has in aiding Ukraine. The Ukrainian government has received tens of billions of dollars in arms and intelligence assistance in the war launched by Russia but not the direct intervention...

An Ohio woman was gored by a bison after she got within 10 feet of the animal in Yellowstone National Park in Wyoming, officials said. The 25-year-old woman, whose name has not been released, suffered puncture wound and other injuries Monday after she approached a bison near a boardwalk at Black Sand Basin, park officials said in a news release. "Consequently, the bison gored the woman and tossed her 10 feet into the air"

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The events of the past two years—the mass protests that led to the deposing of President Viktor Yanukovych, the subsequent annexation of Crimea, and Russian aggression in the east—have changed much in Ukrainian society. These events have split the global left, dividing the so-called ‘anti-imperialists’ (who support Putin’s aggression) and those who condemn it. Meanwhile, inside Ukraine, left-wing activists are currently re-grouping in response to the events of the past 15 months. Indeed, the changes taking place inside the radical left community began in 2011-2012; the events that followed served as a catalyst. From the ground up When Ukraine became...

We are apparently back in the spend-your-way-to-prosperity mode. Last week Wall Street greeted the “strong” April PCE number with a spree of dip-buying, but you have to wonder just how long households can keep reaching into their cookie jars in order to spend what they are not earning. According to the Commerce Department, the abysmal 4.4% personal savings rate posted for April was the lowest level since August 2008, and we know what happened next! Its also damn obvious from the chart that the triple whammy of the Covid-Lockdowns, the stimmy bacchanalia and red hot acceleration of global inflation and...

WASHINGTON (AP) — The U.S. is headed for “a lot of unnecessary loss of life,” the Biden administration says, if Congress fails to provide billions more dollars to brace for the pandemic’s next wave. Yet the quest for that money is in limbo, the latest victim of election-year gridlock that’s stalled or killed a host of Democratic priorities. President Joe Biden’s appeal for funds for vaccines, testing and treatments has hit opposition from Republicans, who’ve fused the fight with the precarious politics of immigration. Congress is in recess, and the next steps are uncertain, despite admonitions from White House COVID-19...

"When light spreads in an inhomogeneous medium, it undergoes scattering. This effect quickly transforms a compact, directed beam into a diffuse glow, and is familiar to all of us from summer clouds and autumn fog alike," Professor Alexander Szameit of the Institute for Physics at the University of Rostock describes the starting point of his team's considerations. Notably, it is the microscopic density distribution of a material that dictates the specifics of scattering. Szameit continues, "The fundamental idea of induced transparency is to take advantage of a much lesser-known optical property to clear a path for the beam..." This second...

University of Sydney lecturer Manisha Caleb explained in the report: “My colleagues and I (the MeerTRAP team) made the discovery when observing the Vela-X 1 region of the Milky Way about 1,300 light-years away from Earth, using the MeerKAT radio telescope in South Africa. “We spotted a strange-looking flash or “pulse” that lasted about 300 milliseconds.” The team scoured through old data from that region of space and found similar signals had been emitted before but had been missed by previous research. The strange pulses were said to be repeating every 76 seconds. The location of the strange object emitting...

As more food processing plants burn down, the prophecy of pre-Messianic food shortages looms more imminent. Though labeled a conspiracy theory, the facts remain undeniable; prices are rising as supply chain problems persist and food becomes dear. BIDEN: PLANNING TO “DISSEMINATE FOOD SHORTAGES.”. The story comes in the wake of a presidential prediction that food shortages were about to become a reality due to the war in Ukraine. While addressing the subject, President Biden made a gaffe that made it seem that the food shortages were, in fact, planned. “We had a long discussion in the G7 with the, with...

Another key staffer is reportedly considering fleeing the Biden administration.Joe Biden’s chief of staff Ronald Klain is now rumored to be leaving the White House after the midterms.

...There is a very important game-changing rub that short-sighted EU politicians haven´t yet fathomed, let alone sorted out. And it will hit them hard, head-on, blindsided without any protection whatsoever. Not even their favorite protection, i.e, political cover for an obvious self-inflicted harm that public opinion is now witnessing front & center. Because, as duly forewarned, there will be tons of very serious problems with the 65% of consumers using — and most negatively affected by — the new non-Russian seaborne oil blends which literally no one would be exempt from....

VIDEOSo Janet Yellen finally admits that she was WRONG about inflation being merely "transitory" because she didn't understand what was going to happen. The big question is WHY Janet Yellen remains as Secretary of the Treasury. After her humiliating admission, WHY hasn't she resigned? Sleepy Joe won't fire her because he never admits he was wrong since he too was hyping that inflation was merely "transitory."Anyone with even a brief familiarity with an Economics 101 textbook would immediately understand that when you vastly increase the money supply in order to pay for yuuuuuuuge multi-trillion dollar government programs, it would result...

On Tuesday’s broadcast of “MSNBC Prime,” Rep. Sheila Jackson Lee (D-TX) stated that “we saw the seismic increase of carnage across America using automatic weapons” after the Assault Weapons Ban Act expired in 2004 and she thinks that there is support “for a seven-day waiting period for even purchasing an assault weapon if necessary. Because there are other automatic weapons as well.” Jackson Lee said, “I have committed, over the years, having introduced bills dealing with the ban on assault weapons post-2004, as you well know, Ayman, that’s when it ended. And we saw the seismic increase of carnage across...

Republican Sen. Lindsey Graham, of South Carolina, and Democratic Sen. Richard Blumenthal, of Connecticut, are making progress as they hammer out details of revised "red flag" legislation that they both hope can win sufficient GOP support to overcome a filibuster in the Senate, according to four people familiar with the discussions who were not authorized to speak publicly. Graham and Blumenthal later confirmed in statements to CBS News that their discussions are making progress. In recent days, the two have been having frequent phone calls and have been working closely together to review a "red flag" bill they co-sponsored in...

NASCAR apologized to the LGBTQ community on Wednesday, for so-caled "recent actions" that may not have "alligned" with the auto racing giant's "mission to be a welcoming sport for all." "As we celebrate the LGBTQ+ community, we acknowledge that recent actions have not alligned with NASCAR's mission to be a welcoming sport for all," the statement said. "We remain steadfast in our commitment to create a more inclusive environment – in our workplaces, at the race track & in the stands," the post concludes, along with along with a graphic featuring the so-called "progress" pride flag and a message wishing...