U.S. price inflation will remain high until the coronavirus pandemic is officially over, says Deputy Treasury Secretary Wally Adeyemo. Speaking in an interview with CNBC‘s Hadley Gamble at the Adipec energy industry forum in Abu Dhabi on Tuesday, Adeyemo noted that President Joe Biden has tackled many issues but conceded that more work needs to be done. … Read more
There’s an old saying on Wall Street that “gaps refill.” If it’s true, there’s a good chance that the sell-off in Walmart Inc. (NYSE:WMT) is about to end. Between the close on Oct. 18 and the open on Oct. 19, shares gapped up from $141.68 to $144.63. This shows up as a blank space (or a gap) on a chart. … Read more
WASHINGTON—U.S. Treasury Secretary Janet Yellen on Tuesday said she would visit tribal communities over the next year as her department continues to expand its engagement with Native American tribes, which were hit disproportionately hard by the COVID-19 pandemic. Yellen told the second day of a White House Tribal Nations Summit that nearly 100 percent of … Read more
Commentary The U.S. government just gave the Chinese Communist Party (CCP) a victory, and violated international law, by repatriating a former bank manager to China. The repatriation will chill internal resistance in China. On Nov. 14, China’s anti-graft watchdog announced that Xu Guojun, former president of the Bank of China’s Kaiping branch, was repatriated to … Read more
LOS ANGELES—The City of Los Angeles’ ordinance banning restaurants from offering disposable utensils and napkins to customers took effect Nov. 15. The ordinance prohibits facilities from having self-service disposable foodware dispensers and from offering them to dine-in and take-out customers, except when requested. The city council approved the ordinance in April with the aim of alleviating costs … Read more
Border Patrol agents are being fired and otherwise disciplined for posting in a private Facebook group. The group included thousands of Border Patrol agents and higher ups. Some Democrats are concerned that penalties for most of the agents who posted in the group have been reduced extensively; only two agents were ultimately fired following an … Read more
Democrats fear that they are on track to lose their Congressional majorities in the 2022 elections as President Biden’s approval ratings continue to slump and the party agenda fails to translate into workable policy. Representative James Clyburn, a South Carolina Democrat, has said that he fears that his party lacks “the will to win in … Read more
The mainstream media is at their most pathetic when they are so thoroughly in denial of a cultural moment that the entire nation inescapably realizes how disconnected and deceitful they are. The latest wide-angle miss from the press has been in the #LetsGoBrandon phenomenon that first began with NASCAR spectators yelling “F*ck Joe Biden” at … Read more
Fadumo Sardeye has been working for various Tennessee Walmart locations over the past 18 years. Suddenly she was fired. Sure she won’t touch or sell any pork or alcohol, and needs all the holy days off. That’s not a good enough reason to fire her, the Somali Muslim complains. Her lawyer agreed and slapped the … Read more
The head of an Advanced Weapons Program has been arrested and charged with treason, according to a new report. Alexander Kuranov, 73, a Russian researcher who is the general director of the Hypersonic Systems Research Facility, is being detained, according to Russian state news. Kuranov was in charge of overseeing the development of a proposed … Read more