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U.S. Treasury Secretary Janet Yellen said on Thursday she did not expect the U.S. economy to tip into a recession, but growth would "absolutely" slow down and gasoline prices were unlikely to fall anytime soon. "I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid," she told a New York Times Dealbook event. "I know people are very upset and rightly so about inflation, but there's nothing to suggest that a ... recession is in the works." Yellen, who last week conceded she had been wrong about predicting inflation would be transitory,...

As I always teach my students, a 10 basis point increase (or decrease) in the 10-year Treasury is significant. Like today’s reaction to the hot, hot, hot inflation report. At 11:26am EST, the US Treasury 10-year yield rose 10.1 basis points to 3.142%. But much of Europe is rising over 10 bps today as well. Stocks? The NASDAQ index is down -3.30% on Fed tightening signals. The FTSE MIB (Italy) is down almost 5%. Commodities? WTI Crude oil is down -2% today. At least GOLD and SILVER are up today. Falling oil prices and rising precious metal prices are a...

Remember when The New York Times attempted to spin the 1970s stagflation crisis in order to protect former President Jimmy Carter’s political image before the 1980 elections? MRC Business does. The newspaper published a 1979 propaganda piece erroneously headlined, “The 70's: America Learns To Expect a Little Less,” The piece tried to paint lipstick on the pig of an economic disaster that Carter oversaw. Carter’s policies resulted in stagnant growth and a ridiculous annual inflation rate of 11.3 percent in 1979. “[D]espite the prospects of a recession next year, the economic reality is perhaps better than the psychology. Inflation in...

t’s the greatest political drama since the Watergate hearings. The committee that was formed to investigate the riot that led to the breach in security at the U.S. Capitol building by a semi-organized mob has created a prime-time extravaganza, carefully crafted by a Hollywood scriptwriter. It features a glittering cast of Democratic Party political characters with one goal in mind: to destroy the Republican Party. In truth, any effort to paint the clown-car conspiracy of Proud Boys/Oath Keepers as engaged in a “plot” to deny Joe Biden the presidency has already failed. The effort had apparently been penetrated by the...

January 6th Hearing (2022) Directed by Bennie Thompson Drama/Horror - R - 6h 39m The latest Democrat drama January 6th Hearing, the hotly anticipated sequel to Impeachment 2 and Mueller Report: The Reckoning, aired on TV screens for the first time last night, and I am happy to report that it met—nay, EXCEEDED—my wildest expectations. I am still shaking and soiling my trousers hours after the credits rolled—it really was that horrific. Over the course of several hours, we learned that some rioters tried to destroy our democracy by entering the Capitol Building and taking selfies and putting their booted...

A nonprofit aiming to defund disinformation online that has taken money out of the pockets of several prominent far-right websites now has its sights set on its most formidable target yet: Fox News. The group, Check My Ads, is hoping the success it has had in stripping advertising dollars from right-wing provocateurs including Steve Bannon, Glenn Beck and Dan Bongino will give it momentum as it attempts to confront a powerful media empire.

MOSCOW. June 10 (Interfax) - Ukraine's Gas Transport System Operator (GTSOU) has accepted a request from Gazprom for Friday to transport 41.9 million cubic meters of gas through the country, with volume unchanged from Thursday, data from GTSOU indicate. Capacity was requested only through one of two entry points into Ukraine's Gas Transport System, the Sudzha metering station. A request was not accepted through the Sokhranivka metering station. "Gazprom is supplying Russian gas for transit through the territory of Ukraine at the volume confirmed by the Ukraine side via the Sudzha metering station at 41.9 million cubic meters on June...

Baku City Circuit First Grand Prix2016Number of Laps51Circuit Length6.003kmRace Distance306.049 kmLap Record1:43.009 Charles Leclerc (2019)

For the last couple of years at least, Morris has been a Democratic Party loyalist, and spent hundreds of thousands on backing Democratic candidates, including President Biden. He met Hunter Biden at a political fundraiser for his father in December 2019, according to the New York Times.... Morris, who owns a sprawling loft in Tribeca and spent more than $11 million to buy singer Olivia Newton-John’s Malibu compound in 2009, has doled out cash to other Democratic politicians, according to public records. Earlier this year, he gave $100,000 to a political action committee supporting Conor Lamb, a Democratic Pennsylvania congressman...

Our Milky Way galaxy is haunted. The vast gulf of space between the stars is plied by the dead, burned-out and crushed remnants of once glorious stars. These black holes cannot be directly seen because their intense gravity swallows light. Like legendary wandering ghosts, their presence can only be deduced by seeing how they affect the environment around them. Imagine crushing the mass of a fleet of battleships into something no bigger than a baseball. That only begins to describe the infinite density locked away into a black hole left over from a stellar explosion. The black hole is typically...

A detailed list of the destroyed and captured vehicles and equipment of both sides can be seen below. This list is constantly updated as additional footage becomes available

Ukraine’s deputy head of military intelligence has said Ukraine is losing against Russia on the frontlines and is now almost solely reliant on weapons from the west to keep Russia at bay. “This is an artillery war now,” said Vadym Skibitsky, deputy head of Ukraine’s military intelligence. The frontlines were now where the future would be decided, he told the Guardian, “and we are losing in terms of artillery”. “Everything now depends on what [the west] gives us,” said Skibitsky. “Ukraine has one artillery piece to 10 to 15 Russian artillery pieces. Our western partners have given us about 10%...

VIDEOSo after the promised big buildup WHERE were all the big revelations in the January 6 Committee Prime Time Circus? Apparently nowhere to be found. Meanwhile Liz Cheney inadvertently described on the true status of these supposed hearings. You want REAL January 6 revelations? Then wait until after the new Congress convenes next year.

The wreck of one of the most famous ships of the 17th century—which sank 340 years ago while carrying the future King of England James Stuart—has been discovered off the coast of Norfolk in the UK, it can be revealed today. Since running aground on a sandbank on May 6, 1682, the wreck of the warship the Gloucester has lain half-buried on the seabed, its exact whereabouts unknown until brothers Julian and Lincoln Barnwell, with their friend James Little, found it after a four-year search. Due to the age and prestige of the ship, the condition of the wreck, the...

New models that show how the continents were assembled are providing fresh insights into the history of the Earth and will help provide a better understanding of natural hazards like earthquakes and volcanoes. "We looked at the current knowledge of the configuration of plate boundary zones and the past construction of the continental crust," said Dr Derrick Hasterok, Lecturer, Department of Earth Sciences, University of Adelaide who led the team that produced the new models. "The continents were assembled a few pieces at a time, a bit like a jigsaw, but each time the puzzle was finished it was cut...

There may be no better example of the disintegration of the Connecticut Republican Party than the reaction party-endorsed candidates for governor and U.S. Senate got this month to their very bland, happy Gay Pride Month tweets. You would think, from some of the blistering criticism they heard in response tweets, from the hardcore within their own party, that they had suggested sex with donkeys. If moderate Republicans aren't allowed by party regulars to acknowledge Gay Pride Month in Connecticut in 2022, how can they ever find common ground with Connecticut's moderate voters on thornier issues like gun control and abortion?...

When Sally Ireri moved to California from Nairobi, Kenya, five years ago, she didn’t expect life to be this difficult. Studying for a doctoral degree in mosquito genetics at UC Riverside, Ireri has had to borrow money and car rides from friends because she makes less than $30,000 a year from teaching. *** “I don’t know if I can afford to stay here,” said Ireri, 28. “I’ve made a community in the past five years and if I have to leave it’ll be sad.” The plight of Ireri and other foreign graduate students adds another layer of woes to California’s...

The Jan. 6 committee, which includes Republicans Liz Cheney and Adam Kingzinger, will air their Thursday hearing during primetime. (Andrew Harnik/Pool via REUTERS)

In a potentially seismic shift in the Republican race for governor, downstate farmer Darren Bailey has seized a 15-percentage-point lead over Aurora Mayor Richard Irvin less than three weeks before the Illinois primary, a new Chicago Sun-Times/WBEZ Poll has found. The survey of 677 likely Republican primary voters taken Monday and Tuesday by Public Policy Polling showed the first-term senator from southern Illinois opening up a commanding lead over Irvin and their four other primary rivals, marking the first public poll to put Bailey ahead of the pack. A total of 32% of respondents said they’d vote for Bailey if...

The King of England was the head of the Anglican Church from the time of Henry VIII in 1534.Download as PDF ... Beginning in 1535, all English subjects, including those in English colonies, were required to the Oath of Supremacy:"I (state your name) do utterly testify and declare in my Conscience, that the King's Highness is the only Supreme Governor of this Realm ... in all Spiritual or Eclesiastical things ... So help me God." For most of England's history from 1535 to 1829, not to take the Oath of Supremacy was considered treason, resulting in government prosecution, fines,...