News Archives - Page 26 of 44

White House: Americans Who Think We’re in a Recession Are Actually Just Confused

Americans who believe that the United States is in a recession are just confused, according to White House economic adviser Jared Bernstein. Bernstein claims that Americans who think the country has fallen into a recession are basically confused about the source of their economic pain. The top economic adviser to…

Fed’s Neel Kashkari Claims Inflation May Still Be Transitory

Minneapolis Federal Bank President Neel Kashkari has claimed that inflation may still be transitory. The next Federal Open Market Committee (FOMC) policy meeting is more than a month away. However, U.S. central bank officials are providing insights into the Federal Reserve’s plans, inflation, and the broader economy. On Wednesday,…

Pilot Complaints of Fatigue Increase Tenfold as Airlines Push to Recoup Lost Revenue, Expert Warns

The number of airline pilots complaining of fatigue increased tenfold in June, an industry expert has warned. According to Allied Pilots Association Communications Chair Dennis Tajer, the increasing complaints come as airlines across the United States work to make up for lost revenue during the COVID-19 pandemic. Allied Pilots Association…

Gas Price Falls for 7th Straight Week but It May Exceed $5 Again Soon, Experts Warn

Gas prices have fallen again for a seventh consecutive week, providing Americans with some welcome relief at the pump. However, experts are now warning that prices could rise above $5 again this summer amid fears of a recession. On Monday , the national average for a gallon of gas fell…

Inflation Forces 45% of Americans to Cut Groceries Spending, Poll Shows

The squeeze from inflation in the United States is forcing a huge percentage of Americans to cut back on their spending on groceries, according to a new poll. A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on…

World’s Largest Chemical Company to Cut Key Fertilizer Ingredient Production

The world’s largest chemical company, Germany’s BASF, is set to further cut production of key fertilizer ingredient ammonia. BASF cited energy shortages for the reduction. The move comes as the farming industry is already battling with shortages of fertilizer, water, and other essentials amid soaring gas prices. “We are reducing…

New Social Media Platform Seeks to Create Family Friendly Digital Town Square

A new social media platform has launched that seeks to fill a gap in the market by being family-friendly. Imagine an information platform free of political censorship and of degenerate content, like violence, drugs, and pornography. Enter, Ganjing World. Founded with the goal to provide a new form of clean…

Janet Yellen Denies US Economy Is in Recession despite Recessionary GDP Numbers

Treasury Secretary Janet Yellen has doubled down on the Biden administration’s view that America’s economy has not, in fact, fallen into a recession, despite the White House's own economic data proving otherwise. On Thursday, the Bureau of Economic Analysis (BEA) released data showing the U.S. economy met the rule-of-thumb definition…

Republican Lawmakers Criticize the Democrats’ ‘Inflation Reduction’ Spending Package

Republican lawmakers have fired back at the Democrats' "inflation reduction" spending package after Sen. Joe Manchin (D-WV) and Chuck Schumer (D-NY) finally reached a deal on President Biden's "Build Back Better" agenda. Manchin and Schumer announced late on Wednesday that a deal has been reached over a spending package they…

Former CNN Anchor Chris Cuomo Announces New Job at Small Cable Network

Disgraced former CNN anchor Chris Cuomo is joining a small called news network called NewsNation. Cuomo announced he will be returning to primetime news during a Tuesday interview on his new Nexstar Media Inc.-owned network. The host was fired by CNN in December 2021 over a sexual misconduct scandal and…