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Jeffrey Anderson presents a comparative analysis of presidents and inflation. The mainstream press to the contrary notwithstanding, he explains what Biden has done to make us feel so black and blue. It’s not our imagination. It’s the inflation, stupid! See his City Journal column “No great mystery.” Anderson manages to review the data and perform the analysis with a sense of humor.
The daycare minders at the White House have persuaded Biden to single out “shrinkflation” as the villain. However, “shrinkflation” reflects “inflation.” It is a manifestation of rising prices. Sentient observers understand that Biden economic policies have triggered the inflation that we have suffered, just as they understand that Biden’s senescence has slowed the windmills of his mind. Biden trusts we won’t notice he indicts himself when he decries “shrinkflation.”
Biden’s daycare minders take us for fools. Thus the administration’s critique of Republicans for causing the invasion of illegals that Biden invited, facilitated, and denied. They think we are stupid.
We hear that Biden threatens to point the finger at alleged corporate wrongdoing as the source of our pain in tonight’s State of the Union address. For some reason or other this wave of alleged wrongdoing has run riot under the regime of…Joe Biden. It was somehow held in check under the regime of…Donald Trump. James Bovard seeks to immunize us against the foolishness of the Biden party line in his New York Post column “Joe Biden’s State of the Union ‘shrinkflation’ swindle.”
Brian Deese is “an MIT Innovation Fellow, focusing on the impact of economic policies that strengthen the United States’ industrial capacity and on accelerating climate investment and innovation.” Before that, Deese assisted Joe Biden as Director of the National Economic Council. Asked in 2022 how American families could cope with surging gasoline prices, the NEC boss said, “this is about the future of the liberal world order, and we have to stand firm.” As Sir Bedevere(Terry Jones) might say, who is this who is so wise in the ways of economics?
Deese is the son of Boston College political science professor David Deese, who “researches the international and comparative politics of energy and climate policies worldwide.” Brian’s mother, Patricia Stanton, served as deputy commissioner at the Massachusetts Department of Energy Resources and assistant commissioner of waste prevention at the state Department of Environmental Protection.
At Middlebury College Deese earned an undergraduate degree in international politics and economics. He got into Yale Law School but left a few credits short of graduation to work for Hillary Clinton’s presidential campaign. Composite character president Obama tapped him to help out with climate change.
In a 2016 interview with Rolling Stone, Obama touted the “amazing” Brian Deese, who “engineered the Paris Agreement, the Aviation Agreement,” and “may have helped save the planet.” The auto industry was also in trouble.
“The wunderkind in charge of saving our auto industry is a 31-year-old with about as much experience as a summer intern,” noted Glenn Beck. “Despite having no formal business education, no business experience and no auto industry experience, 31-year-old Brian Deese is now in charge of dismantling General Motors.” David Sanger of the New York Times also weighed in with, “Meet the 31-Year Old in Charge of Dismantling GM.”
In 2017, Deese became a senior fellow at the Harvard Kennedy School. From there it was on to BlackRock, where Deese headed the sustainable investing division, advising clients on meeting environmental, social and governance (ESG) criteria. Deese was reportedly bagging some $2.8 million a year, and building a net worth of $4 million.
In June of 2021, the amazing Deese outline his vision for a “new industrial strategy,” an “activist government,” approach including “targeted public investment, public procurement, climate resilience and equity.” As Deese contends, “markets on their own will not make investments in technologies and in infrastructure that benefit an entire industry.”
And so on, in what Olson Johnson of Blazing Saddles might call “authentic statist gibberish.” Or, in the style of Monty Python, the wealthy MIT Innovation Fellow could qualify for “upper class twit of the year.”
Earlier today, I posted the official GOP response to Joe Biden’s SOTU hate-fest, by Senator Katie Britt. Britt’s speech was an impressive performance in its own way; if I were a Democrat, I think she would scare me.
But for us data guys, Stephen Moore’s Unleash Prosperity Hotline has the numbers:
A lot of tall tales and a few outright fabrications in the Biden speech last night – and far too many to enumerate here. But we will revisit three here.
“My administration cut the deficit by $1.7 trillion.”
This isn’t just a little bit false, it’s an extraordinary and audacious misstatement of fact. The baseline deficit over 10 years, as measured when Biden came into office versus the latest forecast, shows nearly $6 trillion added to the debt since Biden arrived on the scene.
So how does a $6 trillion addition of red ink possibly equate to a $1.7 trillion reduction in the deficit. Someone didn’t pass his basic math exam in high school.
“We will make the rich pay their fair share.”
The top 1% of American tax filers now pay an all-time record high 46% of taxes. This is according to Biden’s own IRS. Does he think the rich should pay ALL the taxes?
That is actually a good question. I think that for many Democrats, the answer may be Yes. But within reason, experience shows that lower rates mean higher collections, especially from high earners.
“I inherited an economy [from Trump] that was on the brink…”
Actually, the economy grew by – ready for this? 33% in the third quarter of 2020 and 4.1% in the 4th quarter of 2020. The economy was in a full-scale COVID recovery when Biden came into office.
Oh, and Inflation was 1.4%.
Gas prices were $2.39 per gallon.
If you think of it as a relay race, Trump handed the baton to Biden in first place, with a rapidly growing lead. But Biden tripped over his own feet–both literally and figuratively–and turned the strong position that he inherited (and not only economically) into a fiasco. That I why I don’t see how he can be re-elected, despite Trump’s manifest flaws.
If you don’t get the Unleash Prosperity Hotline, you should. You can sign up for its frequent and always informative emails here.
DEI (racial and other quotas) is intrinsically evil. At The Hill, Matt Cole and Chris Nicholson reveal a shocking, practical downside to DEI hysteria: “DEI killed the CHIPS Act.”
The issue is critical because Taiwan now produces 90% of the world’s advanced microchips, and China has indicated its intention to annex Taiwan in the near future. So the CHIPS Act sought to incentivize chip production in the U.S. Unfortunately, that isn’t what is happening.
Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. …
***
Because equity is so critical, the makers of humanity’s most complex technology must rely on local labor and apprentices from all those underrepresented groups, as [the Taiwan Semiconductor Manufacturing Company] discovered to its dismay.Tired of delays at its first fab, the company flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.
Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.
It isn’t only TSMC that is being stymied by DEI:
Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.
In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games. They’ve quietly given up on America. …
[C]hipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”
No wonder Intel politely postponed its Columbus fab and started planning one in Ireland.
Access to microchips is a national security issue, as well as being fundamental to a modern economy. And yet Congressional majorities care more about DEI shibboleths and feeding pork to their constituencies than about American security and prosperity. Of course, that isn’t really an irony. The whole point of DEI is hating America, and if it imperils our security and our prosperity, so much the better.
I am so old, I can remember when “public servants” used to earn less money than they could have expected in the private sector. But those days are long gone. Now, government employees have the rest of us by the throat. Our tax dollars are enriching them, on the average, far beyond what they could earn anywhere else.
This is from Stephen Moore’s Committee to Unleash Prosperity:
The average cost for a government employee in December was $60 per hour, or 40.5% more than his or her private sector counterpart.
Benefits to government employees cost 80.3% more.
This chart shows the numbers:
I would think that if we looked at federal employees, the discrepancy would be even greater. And government employees pretty much can’t be fired, either, so they have these sweet gigs forever.
One interpretation of these numbers is that the rest of us are just serfs on the government’s plantation.
Model Kristen Gaffney says she is leaving California for Tennessee after Los Angeles Mayor Karen Bass asked the wealthy to pay for housing for the homeless in the city.
The post Model Kristen Gaffney Leaving California After L.A. Mayor Asks Rich to Pay for Homeless Housing appeared first on Breitbart.
A homeless Los Angeles man has garnered attention for constructing a house, with a front door and electricity, on the side of the freeway.
The post Homeless Los Angeles Man Constructs House on the Side of the Freeway appeared first on Breitbart.
Google CEO Sundar Pichai has taken a comical stance against using the ultra woke company's offices for political debates and protests after terminating 28 employees who participated in anti-Israel sit-ins at various Google locations.
The post Ultra Woke Google Claims Company Is Not Place to ‘Debate Politics’ After Firing Anti-Israel Radicals appeared first on Breitbart.
China has reportedly ordered Apple to remove WhatsApp, Signal, and Telegram, among other popular messaging apps, from its iPhone app store in order to comply with the Chinese Communist Party's censorship demand.
The post TikTok’s Real Owners: China Orders Apple to Censor Popular Messaging Apps Including WhatsApp, Telegram appeared first on Breitbart.
A software bug in Star Casino's ticket redemption machines resulted in the Sydney-based casino inadvertently giving away more than AU$3.2 million ($2.05 million) to gamblers over several weeks.
The post Jackpot! Australian Casino Loses Millions in Mistaken Payouts Due to ‘Software Glitch’ appeared first on Breitbart.
The FBI has issued a warning about a new phishing scam that targets Americans using toll roads via SMS text messages. The messages typically claim that the user's toll account is overdrawn with a link to the hacker's site to make a false payment.
The post Consumer Alert: FBI Warns of Text Scam Targeting Toll Road Users Across Multiple States appeared first on Breitbart.
In a desperate attempt to stimulate sales and prop up a stock price dropping like a rock, Elon Musk's Tesla has reduced the prices of three of its five models in the United States.
The post EV Demand Challenges: Elon Musk’s Tesla Slashes Prices on Most Models appeared first on Breitbart.
President Biden signature issues are ranked low among Americans' national concerns.
The post Earth Day: Americans Are Far More Worried About Bidenflation Than Climate Change appeared first on Breitbart.
The already insane cost of purchasing a home has hit a new high, thanks to the ongoing horror show that is Bidenomics.
The post Nolte: Bidenomics Drives House Prices to Another Record High appeared first on Breitbart.
More and more young people considered "Gen Z" are choosing to skip college and go to a trade school, one reason being the cost of a degree.
The post VIDEO — ‘Toolbelt Generation’: More Young People Skipping College for Trade School appeared first on Breitbart.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
The post Breitbart Business Digest: Earth Day Is Over. Let’s Talk About Inflation Day. appeared first on Breitbart.
In response to the growing issue of boys using AI apps to create and share sexually explicit images of their female classmates, state legislators across the United States are introducing bills to protect minors from this new form of exploitation. Meanwhile, Silicon Valley continues to make billions with the very AI models boys are exploiting.
The post States Rush to Combat AI-Generated Deepfake Nudes Targeting Minors appeared first on Breitbart.
United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.
The post Fashion Retailer Express Files for Chapter 11 Bankruptcy Protection, Shutters Nearly 100 Stores appeared first on Breitbart.
Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.
The post Report: Luxury Home Prices Reach Record Highs appeared first on Breitbart.
Breitbart Economics Editor John Carney is calling for a national Inflation Day protest this June to demand policy change on the most pressing issue for Americans.
The post Carney on ‘Kudlow’: We Need a National Inflation Day Protest This June appeared first on Breitbart.
A historic vote to unionize among auto workers at Volkswagen's Chattanooga, Tennessee, plant will open new doors for the United Auto Workers.
The post Red State Road Map: Volkswagen Workers’ Vote to Unionize in Tennessee Opens Doors for UAW in the South appeared first on Breitbart.
People hoping to find work assembling offshore wind turbine engines and blades at the Port of Coeymans in New York are out of luck.
The post Hundreds of Local Jobs Vanish as New York Offshore Wind Projects Canceled appeared first on Breitbart.
Argentine President Javier Milei announced that Argentina registered a 0.2 percent surplus of its GDP for the first time since 2008.
The post Javier Milei Announces First GDP Surplus for Argentina Since 2008 appeared first on Breitbart.
Residents of Gov. Gavin Newsom's (D) California may soon be slapped with a fixed electricity charge in the state's push toward green energy.
The post California May Hit Residents with Fixed Utility Rates in Push for ‘Clean Energy’ appeared first on Breitbart.
Hollywood has insulted, demeaned, attacked, condescended to, and alienated half the country, all while attempting to “queer” and groom our kids.
The post Nolte: Lousy Movies Drive Box Office Down 21 Percent over Last Year appeared first on Breitbart.
Almost 38 percent of renters in the United States do not believe they will ever be able to call themselves homeowners, per a survey.
The post Survey: Nearly 38 Percent of U.S. Renters Do Not Believe They Will Ever Be Homeowners appeared first on Breitbart.
A new phenomenon known as "serial churners" spells trouble for streaming services wherein people subscribe only temporarily.
The post ‘Serial Churners’ Emerge as Latest Hollywood Streaming Profit Nightmare appeared first on Breitbart.
Santa Monica approved construction for a $1M per unit apartment building for the homeless after an audit found the state lost $24 billion.
The post Santa Monica to Construct $1M Per Unit Apartment Building for Homeless appeared first on Breitbart.
UnitedHealth Group, one of the largest health insurance providers in the United States, recently disclosed that a ransomware attack on its subsidiary, Change Healthcare, has led to a significant theft of private healthcare data belonging to a "substantial proportion of people in America."
The post UnitedHealth Confirms Massive Ransomware Hack Affects ‘Substantial Proportion’ of Americans appeared first on Breitbart.
Google has fired more than 50 employees in the past week for participating in protests against the company's cloud computing deal with the Israeli government, according to activist group No Tech for Apartheid.
The post Google Fires 50+ Employees for Protesting Israeli Government Contract appeared first on Breitbart.
Money printer go brrrrrrrrrrrrrrr
The post Bidenflation Warning: Money Supply Surges To Highest Level In Over A Year appeared first on Breitbart.
Sanctuary states are planning to dish out billions in American taxpayer dollars to migrants in 2024, offering housing, food, and health care.
The post Migrants Secure Billions of Dollars in Taxpayer Funding for Housing, Food, Health Care Across Sanctuary States appeared first on Breitbart.
The big driver of General Motors' great earnings report has been the Detroit automaker's decision to focus on selling the gas-powered vehicles their customers want to drive instead of the electric vehicles the Green New Deal activists think they should be driving.
The post Breitbart Business Digest: The Gas-Guzzling Secret of GM’s Success appeared first on Breitbart.
Sen. Sherrod Brown (D-OH), who is up for reelection against Trump-backed Republican businessman Bernie Moreno, was silent on Capitol Hill Tuesday when asked if he thinks gas-powered cars "should be banned."
The post Ohio Democrat Sherrod Brown Refuses to Answer Whether ‘Gas Cars Should Be Banned’ or Not appeared first on Breitbart.
Tesla shares jumped almost 12 percent in pre-market trading on Wednesday after CEO Elon Musk announced that the company aims to start production of affordable electric vehicle models by early 2025, or possibly even late this year. The bounce comes despite dismal earnings, including net income that dropped 55 percent in the first quarter.
The post Tesla Stock Surges Despite Dismal Quarter as Elon Musk Promises Affordable EVs by 2025 appeared first on Breitbart.
President Joe Biden signed into law Wednesday a $95 billion war aid measure that includes aid for Ukraine, Israel and Taiwan that also includes a provision that would force social media site TikTok to be sold or be banned in U.S.
The post Joe Biden Signs Bill Potentially Banning TikTok, Bundled with Ukraine-Israel Aid appeared first on Breitbart.
In a bizarre twist that seems straight out of a dystopian sci-fi movie, U.S. residents can now legally purchase a flame-throwing robot dog named Thermonator for just under $10,000.
The post Department of Bad Ideas: Flamethrowing Robot Dog Can Torch Anything in Its Path appeared first on Breitbart.
A former Amazon AI scientist, Dr. Viviane Ghaderi, has filed a lawsuit against the tech giant, claiming she faced discrimination, retaliation, and wrongful termination after disclosing her pregnancy and raising concerns about copyright infringement in AI research.
The post Lawsuit: Amazon AI Exec Was Pressured to Ignore Copyright Violations appeared first on Breitbart.
The Federal Trade Commission (FTC) has banned almost all noncompete employment agreements that prohibit workers from switching to competing businesses or starting one of their own.
The post FTC Bans Noncompete Agreements for Employers, Chamber of Commerce Sues to Block It appeared first on Breitbart.
Democrats are sneaking online censorship of “hate speech” into the Kids Online Safety Act (KOSA) under the guise of “protecting kids” – and many Republicans on capitol hill appear to be on board.
The post Controversial ‘Hate Speech’ Provisions Sneak into Kids Online Safety Act appeared first on Breitbart.
President Joe Biden's approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.
The post Poll: Biden Deep Underwater on Top Issues of Inflation, Immigration appeared first on Breitbart.
Rep. Kevin Hern called Wednesday for Republicans to turn their sights on President Joe Biden's renewed push to transfer student loan debt to American taxpayers.
The post Exclusive – Kevin Hern: Republicans Must Fight Biden’s Student Loan Bailout Vote-Buying Scheme appeared first on Breitbart.
The Biden administration's declaration that it will treat almost all noncompete provisions in employment agreements as illegal should be seen for what it is.
The post Breitbart Business Digest: Biden’s Noncompete Ban Is a Gift to Silicon Valley appeared first on Breitbart.
A whopping 85 percent of New Yorkers said the cost of food is rising faster than their income in a poll released Tuesday.
The post Poll: 85% of New Yorkers Say Grocery Costs Are Rising Faster than Their Income appeared first on Breitbart.
Senators are calling on President Joe Biden to hike United States tariffs on imported aluminum to save American jobs.
The post Senators, Union Workers Call On Joe Biden to Hike Aluminum Tariffs to Save American Jobs appeared first on Breitbart.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
The post Fmr. Obama Adviser: The Goal of Biden Loan Plan Will Increase Interest Rates, Inflation, Mortgage Rates appeared first on Breitbart.
Consumer spending weakened by much more than expected while inflation accelerated.
The post Stagflation Shock: GDP Growth Slows Much More Than Expected While Inflation Accelerates appeared first on Breitbart.
Breitbart economics editor John Carney said Thursday on Fox Business Network's "Kudlow" that President Joe Biden is implementing regulations that were crushing the economy.
The post Carney on ‘Kudlow’: Biden Regulations Are Strangling the Economy appeared first on Breitbart.
A New York City construction worker delivered a harsh message to President Joe Biden on Thursday morning in Manhattan.
The post WATCH — NYC Construction Worker Shares Message to Joe Biden: ‘F*ck You’ appeared first on Breitbart.
LNG Energy Group, a Canada-based company owned by billionaire Texas businessman Rodney Lewis, brokered a deal with Venezuela's PDVSA.
The post Report: Billionaire Texas Oilman Inks Deal to Revamp Venezuela’s Onshore Oil Fields appeared first on Breitbart.
A New York union leader says that Democrat policies are pushing voters toward Republicans and that the vast majority of his 9,000 members back former President Donald Trump over President Joe Biden.
The post NY Union Leader: My Members Back Trump 3:1 over Biden; Leftist Policies Driving Voters to Right appeared first on Breitbart.
Shares of rental car giant Hertz plunged by more than 20 percent on Thursday after the company reported huge losses related to its investment in Electric Vehicles (EVs).
The post Hertz Shares Crash with Another Electric Vehicle Wreck appeared first on Breitbart.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
The post Breitbart Business Digest: Inflation Is Too Hot for the Fed to Cut Despite Sluggish Growth appeared first on Breitbart.
Southwest Airlines will be cutting jobs and ceasing operations at four airports while reducing flights from others to cut costs amid Boeing's ongoing complications.
The post Southwest Cuts Jobs, Quits Four Airports Due to Boeing Woes appeared first on Breitbart.
Fertility rates in the United States hit a record low in 2023, according to provisional data released by the Centers for Disease Control and Prevention (CDC) on Thursday.
The post CDC: U.S. Birth Rate at Record Low After Pandemic Boost appeared first on Breitbart.
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CNN Chief Climate Correspondent Bill Weir stated that the newly finalized set of rules on coal power plants announced by the Biden administration "essentially signals the end of coal as a power source in the United States."
The post CNN’s Weir: New Biden Coal Rules ‘The End of Coal as a Power Source’ appeared first on Breitbart.
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood,
The post White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’ appeared first on Breitbart.
California Gov. Gavin Newsom (D) admitted Thursday that the state still faces the risk of blackouts in heat waves despite investing in battery capacity to store electricity for use in times of peak demand.
The post Gavin Newsom Admits: California Still Faces Blackouts appeared first on Breitbart.
The vote Thursday by the Democrat majority on the Federal Communications Commission (FCC) to restore Obama-era Net Neutrality rules returns the U.S. to the vulnerable place it was in before the policy was ended under Trump.
The post Democrats Return to Net Neutrality, Despite Economic Damage appeared first on Breitbart.
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.”
The post White House: ‘You Don’t Eat GDP,’ Paychecks Matter ‘Most’ appeared first on Breitbart.
On Thursday’s broadcast of “NewsNation Now,” White House National Climate Adviser Ali Zaidi denied that the Biden administration is attempting to shut down the coal industry or slow any industry down, and stated that the issue is “about how do we speed
The post White House: We’re Not Trying to Harm Coal, We’re Trying to ‘Speed Up’ to Economy that Has ‘Less Pollution’ appeared first on Breitbart.
Spotify CEO Daniel Ek has raked in nearly $119 million in a stock sale after recently overseeing the layoff of 1,500 employees -- a reduction that Ek himself acknowledged created a "significant" challenge" for the streaming company.
The post Spotify CEO Rakes in $119 Million on Stock Sale as Artists Lament Stingy Royalties appeared first on Breitbart.
Hundreds of West Virginia workers have been thrown back into job hunting in a labor market with slashed wages as a plant in Weirton closed last week. The plant closure comes as the federal government refused to impose tariffs on cheap imported tin.
The post Rust Belt Despair: West Virginia Workers Forced to Find New Jobs as Plant Closes from Lack of Tariffs appeared first on Breitbart.
Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, has come under fire for flooding Facebook and Instagram with ads promoting sexually explicit "AI girlfriend" apps while simultaneously cracking down on content posted by human prostitutes.
The post Mark Zuckerberg’s Meta Allows Facebook and Instagram to Be Flooded with Explicit ‘AI Girlfriend’ Ads appeared first on Breitbart.
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
The post Breitbart Business Digest: There Are No Fed Cuts Ahead This Year appeared first on Breitbart.
The PCE index shows that progression on bringing down inflation has stalled.
The post Fed’s Preferred Inflation Gauge Show Prices Rising Sharply appeared first on Breitbart.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
The post Consumer Inflation Expectations Unexpectedly Climb appeared first on Breitbart.
Google's parent company Alphabet exceeded analysts' expectations in its first-quarter results, driving shares up by about 10 percent in morning trading on Friday.
The post Masters of the Universe: Google Reports Strong Q1 Earnings, Stock Soars appeared first on Breitbart.
Mark Zuckerberg's Meta, the company formerly known as Facebook, continues to invest heavily in his Metaverse vision, even as its Reality Labs division reports significant financial losses, including an astounding $3.8 billion loss in the first quarter of 2024.
The post Mark Zuckerberg’s Metaverse Ambitions Persist Despite Billions in Losses for Meta appeared first on Breitbart.
xAI, Elon Musk's artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.
The post xAI, Elon Musk’s AI Venture, Raises $6 Billion to Take on OpenAI appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
The post White House on PCE Inflation Increase: ‘Nice to Hit the Expectations’ — Expect ‘Bumpy Path Down’ to Target Rate appeared first on Breitbart.
On Friday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Deputy Treasury Secretary Wally Adeyemo commented on the PCE inflation report and stated that inflation has dropped and they expect it to continue to do so and that
The post Deputy Treasury Sec’y: Biden Helped Lower Inflation, But Food Companies Are Gouging appeared first on Breitbart.
Mullins discussed his book, which is set to be released on May 7, and explained that the "Wolves of K Street" refers to the "corporate lobbyists" in America who really run the show behind the scenes.
The post Exclusive – Brody Mullins: ‘Another Branch of Government’ Has ‘More Power than the Presidency’ appeared first on Breitbart.
Dave Walsh said in an interview that grid coordinators are warning they will not be able to meet demands for electricity under the EPA's latest rules.
The post Exclusive — Dave Walsh: Electrical Grid Operators Are ‘Sounding Alarm’ over EPA Rules appeared first on Breitbart.
Former President Donald Trump has opened his biggest lead ever captured in the CNN poll of the American electorate, enjoying a six-point advantage over incumbent Democrat President Joe Biden.
The post Donald Trump Takes Biggest Lead Ever over Joe Biden in CNN Poll, Third-Party Candidates Expand Trump Lead appeared first on Breitbart.
A recent study by Yale School of Management professor Balázs Kovács reveals that AI-generated restaurant reviews can pass the "Turing test" by fooling both human readers and AI detectors, potentially undermining the credibility of online reviews.
The post Study: AI-Generated Reviews Deceive Humans and Detectors, Eroding Trust in Online Platforms appeared first on Breitbart.
The U.S. Department of Homeland Security has reportedly asked the CEOs of OpenAI, Google, and Microsoft to join other tech leaders on a federal AI safety panel.
The post Masters of the Universe: CEOs of OpenAI, Google, Microsoft to Join Federal AI Safety Panel appeared first on Breitbart.
Google has issued an urgent warning to its vast user base of over 1 billion Chrome users, strongly advising them to update their browsers as soon as possible to protect against a critical security vulnerability.
The post Consumer Alert: Update Google Chrome Immediately to Stop Critical Vulnerability appeared first on Breitbart.
As Elon Musk's Tesla faces multiple lawsuits and a federal investigation, the company's assertion that drivers are solely responsible for crashes involving its Autopilot technology is coming under intense scrutiny.
The post Lawsuits Challenge Elon Musk’s Claim of Driver Responsibility in Tesla Autopilot Crashes appeared first on Breitbart.
According to Barbra Streisand, over the last 40 years America has enjoyed only economic good times under Democrat presidents and economic recessions under Republican presidents.
The post Nolte: Fact Checking Barbra Streisand’s Presidential Economic Report Card appeared first on Breitbart.
With the economy ranked as the top 2024 issue, Biden's poor marks in key swing states is terrible news for the president's reelection hopes.
The post CBS Poll: Half of Swing State Voters Say Economy Got Worse Under Biden appeared first on Breitbart.
The communist dictatorship of Nicaragua saw a growth of nearly 12 percent in the amount of remittance money emigrants sent to the country during the first quarter of 2024.
The post Nicaragua Sees Nearly $1 Billion in Remittances from the U.S. in 3 Months appeared first on Breitbart.
"Tens of thousands" of fully autonomous tractor-trailers are expected to haul freight on public roads in upcoming years.
The post ‘Tens of Thousands’ of Driverless Trucks to Haul Freight on Highways in Coming Years appeared first on Breitbart.
Bob Bakish has stepped down as the CEO of Paramount amid his company's major merger with Skydance and its struggling streaming platform.
The post Bob Bakish Steps Down as Paramount CEO Amid Major Merger appeared first on Breitbart.
Elon Musk paid a surprise visit to China to secure Chinese government approval for the automatic driving features of his Teslas.
The post Elon Musk Meets with Chinese Premier in Beijing, Bolstering Tesla Stock appeared first on Breitbart.
ChatGPT developer OpenAI has reportedly struck a deal with the Financial Times that allows it to use the newspaper's journalism content as a means for training artificial intelligence systems.
The post ChatGPT Developer OpenAI Strikes Deal to Use Financial Times Journalism to Train AI Models appeared first on Breitbart.
The Dave & Buster's entertainment restaurant will soon offer customers social wagering through its app for those who play arcade games including Hot Shots basketball and Skee Ball.
The post VIDEO: Dave & Buster’s to Offer Betting on Arcade Games Through App appeared first on Breitbart.
Tesla has reportedly laid off hundreds of employees, including senior executives and a majority of its Supercharging team. The desperate move comes on the heels of a major recent layoff of 14,000 workers, part of what Musk claims is an "absolutely hard core" plan to cut costs at the struggling EV company.
The post Elon’s Pink Slips Strike Again: Tesla Axes More Jobs, Including Senior Execs and EV Charging Team appeared first on Breitbart.
European regulators have launched an investigation into Mark Zuckerberg's Meta, escalating pressure on the tech giant to bolster its safeguards against misinformation and foreign interference on Facebook, Instagram, and Whatsapp ahead of pivotal EU elections.
The post EU Launches Investigation of Mark Zuckerberg’s Meta Meddling in Elections appeared first on Breitbart.
Shares of Elon Musk's Tesla went up 15 percent on Monday after the electric carmaker reached a key milestone to roll out its advanced driver-assistance technology Full Self Driving (FSD) in China.
The post Comrade Elon: Tesla Shares Rise 15% After Sweetheart Deal with Chinese Government appeared first on Breitbart.
The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.
The post U.S. Labor Costs Jump, Indicating Rising Inflationary Pressures appeared first on Breitbart.
Despite the Biden administration's attempts to convince Americans that the economy is improving, consumer confidence has been sliding for the last three months.
The post Consumer Confidence Unexpectedly Slumps To Lowest Level In Nearly Two Years appeared first on Breitbart.
As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
The post Breitbart Business Digest: It’s Time for the Fed to Start Talking About Hikes appeared first on Breitbart.
Florida's hospitals were hit with a massive $566 million loss just in 2024 from the costs of unpaid bills that illegal aliens incurred.
The post Illegal Immigrants Cause $566 Million in Unpaid Healthcare Burden on Florida appeared first on Breitbart.
A rare miss on profits for the fast-food chain.
The post McDonald’s Earnings Dragged Down By Inflation And Israel-Hamas War Boycotts appeared first on Breitbart.
Retail giant Walmart announced Tuesday it is shutting down all of its health centers, but did not give a date for the closures.
The post ‘A Difficult Decision’: Walmart Closing All Health Centers, Citing ‘Lack of Profitability’ appeared first on Breitbart.
Job openings fell but private sector quits rose.
The post Job Openings Slip To Three Year Low appeared first on Breitbart.
Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.
The post Fed Keeps Rates Unchanged, Noting Progress on Inflation Has Stalled appeared first on Breitbart.
Elon Musk's recent decision to fire Tesla's entire charging team has reportedly already led to the company pulling back on its plans to expand the Supercharger network. EV owners already face difficulties finding working charging stations, especially during busy travel times, and these difficulties aren't likely to be lessened anytime soon.
The post Tesla Backtracks on Supercharger Expansion Plans After Firing Entire Charging Team appeared first on Breitbart.
The National Highway Traffic Safety Administration (NHTSA) has opened a preliminary investigation into Ford's BlueCruise driver assistance system following two separate fatal crashes that occurred at night. BlueCruise joins Tesla's Autopilot as the second driver assistance program to face federal scrutiny.
The post Ford ‘BlueCruise’ Driver Assist System Under Federal Investigation After 2 Fatal Crashes appeared first on Breitbart.
California State Sen. Josh Newman (D-Fullerton) is pushing a bill that would restrict expedited airport screening by for-profit companies such as Clear, which charges $189 per year to move passengers to the front of the TSA security line.
The post California Democrat Wants to Restrict Expedited Airport Screening appeared first on Breitbart.
China's TikTok appears to be probing ways to avoid paying Apple's 30 percent commission on digital purchases made through its iOS app.
The post China’s TikTok Tests Bypassing Apple’s Commission on In-App Purchases appeared first on Breitbart.
Donald Trump is expected to lay out the horrible effects Bidenflaiton has had on Wisconsin families at a rally in Waukesha on Wednesday.
The post Donald Trump at Rally: Wisconsin Families on Average Lost $20K-$30K Due to Bidenflation ‘Tax’ appeared first on Breitbart.
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.
The post Powell Says A Fed Hike Is ‘Unlikely’ But Wait For Cuts Will Take Longer appeared first on Breitbart.
Former President Donald Trump vowed in Wisconsin to trash President Joe Biden's so-called "Bidenomics" and reinstate "MAGAnomics" upon victory in November.
The post Donald Trump Vows to Trash ‘Bidenomics,’ Reinstate ‘MAGAnomics’ appeared first on Breitbart.
The vast majority of respondents in a YouGov/Economist poll believe that President Joe Biden's America is "out of control."
The post Poll: Nearly Seven in Ten Think Joe Biden’s America Is ‘Out of Control’ appeared first on Breitbart.
President Joe Biden's mass migration is boosting inflation, chiefly by raising housing prices, according to the Economist, a U.K.-based pro-globalism magazine.
The post Globalist Magazine Admits Joe Biden’s Migration Spikes Inflation appeared first on Breitbart.
Republicans looking out across the chaos that has engulfed American campuses should take Richard Nixon's advice: "Never murder a man who's committing suicide."
The post Breitbart Business Digest: Biden Is the Chaos Candidate appeared first on Breitbart.
Former President Donald Trump vowed to end President Joe Biden's electric vehicle (EV) mandate, which he says would "kill" Michigan's economy and benefit China, if elected while speaking in Freeland, MI, on Wednesday night.
The post Trump Vows to End Biden’s ‘Insane Electric Vehicle Mandate’: Would ‘Kill Michigan’s Economy’ appeared first on Breitbart.
Former President Donald Trump has secured an additional $1.6 billion worth of shares in Trump Media, according to a regulatory filing this week.
The post Donald Trump Awarded 36 Million More Trump Media Shares Worth $1.6 Billion After Hitting Price Benchmarks appeared first on Breitbart.
Google has reportedly laid off hundreds of employees from its "Core" organization while relocating positions to India and Mexico.
The post Google Lays Off Hundreds from ‘Core’ Teams, Shifts Roles to India and Mexico appeared first on Breitbart.
Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company's share price dropped about 92 percent during his tenure.
The post Spinning Wheels: Peloton CEO Steps Down amid More Layoffs, 92% Drop in Stock Price appeared first on Breitbart.
President Joe Biden says, “I know how to make government work!”
You’d think he’d know. He’s worked in government for 51 years.
But the truth is, no one can make government work.
Biden hasn’t.
Look at the chaos at the border, our military’s botched withdrawal from Afghanistan, the rising cost of living, our unsustainable and record-high debt …
In my new video, economist Ed Stringham argues that no government can ever work well, because “even the best person can’t implement change. … The massive bureaucracy gets bigger and slower.”
I learned that as a consumer reporter watching bureaucrats regulate business. Their rules usually made life worse for consumers.
Yet politicians want government to do more!
Remember the unveiling of Obamacare’s website? Millions tried to sign up. The first day, only six got it to work.
As vice president then, Biden made excuses: “Neither [Barack Obama] and I are technology geeks.”
Stringham points out, “If they can’t design a basic simple website, how are they going to manage half the economy?”
While bureaucrats struggled with the Obamacare site, the private sector successfully created Uber and Lyft, platforms like iCloud, apps like Waze, smartwatches, etc.
The private sector creates things that work because it has to. If businesses don’t serve customers well, they go out of business.
But government is a monopoly. It never goes out of business. With no competition, there’s less pressure to improve.
Often good people join government. Some work as hard as those in the private sector.
But not for long. Because the bureaucracy’s incentives kill initiative.
If a government worker works hard, he might get a small raise. But he sits near others who earn the same pay and, thanks to archaic civil service rules, are unlikely to get fired even if they’re late, lazy, or stupid.
Over time, that’s demoralizing. Eventually government workers conclude, “Why try?”
In the private sector, workers must strive to make things better. If they don’t, competitors will, and you might lose your job.
Governments never go out of business.
“Companies can only stay in business if they always keep their customer happy,” Stringham points out. “Competition pushes us to be better. Government has no competition.”
I push back.
“Politicians say, ‘Voters can vote us out.’”
“With a free market,” Stringham replies, “The consumer votes every single day with the dollar. Under politics, we have to wait four years.”
It’s another reason why, over time, government never works as well as the private sector.
Year after year, the Pentagon fails audits.
If a private company repeatedly does that, they get shut down. But government never gets shut down.
A Pentagon spokeswoman makes excuses: “We’re working on improving our process. We certainly are learning each time.”
They don’t learn much. They still fail audits.
“It’s like we’re living in ‘Groundhog Day,’” Stringham jokes.
When COVID-19 hit, politicians handed out almost $2 trillion in “rescue” funds. The Government Accountability Office says more than $100 billion were stolen.
“One woman bought a Bentley,” laughs Stringham. “A father and son bought a luxury home.”
At least Biden noticed the fraud. He announced, “We’re going to make you pay back what you stole!”
No. They will not. Biden’s Fraud Enforcement Task Force has recovered only 1% of what was stolen.
Even without fraud, government makes money vanish. I’ve reported on my town’s $2 million toilet in a park. When I confronted the parks commissioner, he said, “$2 million was a bargain! Today it would cost $3 million.”
That’s government work.
More recently, Biden proudly announced that government would create “500,000 [electric vehicle] charging stations.”
After two years, they’ve built … seven. Not 7,000. Just seven.
Over the same time, greedy, profit-seeking Amazon built 17,000.
“Privatize!” says Stringham. “Whenever we think something’s important, question whether government should do it.”
In Britain, government-owned Jaguar lost money year after year. Only when Britain sold the company to private investors did Jaguar start turning a profit selling cars that people actually like.
When Sweden sold Absolut Vodka, the company increased its profits sixfold.
It’s ridiculous for Biden to say, “I know how to make government work.”
No one does.
Next week, this column takes on Donald Trump’s promise: “We’ll drain the Washington swamp!”
COPYRIGHT 2024 BY JFS PRODUCTIONS INC.
The Daily Signal publishes a variety of perspectives. Nothing written here is to be construed as representing the views of The Heritage Foundation.
The post ‘Make Government Work’ appeared first on The Daily Signal.
An unexpected slump in productivity raises unit labor costs and risks higher inflation.
The post U.S. Productivity Slumped In First Quarter appeared first on Breitbart.
Kroger and Walt Disney are reportedly exploring joining forces in a retail streaming deal that would involve bringing Disney+ to the food retailer's grocery delivery program.
The post Kroger, Walt Disney Explore Joining Forces in Retail Streaming appeared first on Breitbart.
Multinational automaker Stellantis is making a big hiring push for low-wage engineers in Brazil, India, Mexico, and Morocco after laying off 400 Americans in its engineering, software, and technology departments months ago.
The post Stellantis Hiring Engineers in Low-Wage Brazil, India, Mexico After Laying Off 400 American Engineers appeared first on Breitbart.
Immigrants "are what makes us strong," Joe Biden told a May 1 fundraiser for pro-migration groups in Washington, D.C.
The post Joe Biden: ‘Immigrants Are What Makes Us Strong’ appeared first on Breitbart.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
The post Breitbart Business Digest: The Fed Finally Realized Progress on Inflation Has Stalled appeared first on Breitbart.
Experts, including one of the world's top researchers on the Uyghur genocide and a senior official in the Department of Labor, told Congress this week that legitimate audits to inspect for slave conditions and other forced labor in China, especially in the occupied Uyghur region, are "impossible."
The post ‘The Only Ethical Response Is Divestment’: Experts Tell Congress Auditing for Slavery in Chinese Factories Impossible appeared first on Breitbart.
The Internal Revenue Service (IRS) has said it will increase its audit rates of wealthy taxpayers and large corporations by 50 percent.
The post IRS to Increase Audit Rates of Wealthy Taxpayers by 50 Percent appeared first on Breitbart.
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Economists had forecast payrolls would grow by 240,000 and the unemployment rate would hold steady at the prior month's 3.8 percent.
The post Weaker Than Expected: U.S. Hiring Slows With Economy Adding 175,000 Jobs in April and Unemployment Rose to 3.9% appeared first on Breitbart.
Donald Trump ripped Joe Biden for Friday's weaker than expected jobs report and promised new economic policies.
The post Donald Trump Pledges to Protect American Workers, Slams Biden’s Weak Jobs Report appeared first on Breitbart.
Meta's independent Oversight Board, often dubbed the "supreme court" for platforms including Facebook and Instagram, is planning to make job cuts, according to reports.
The post More Silicon Valley Layoffs: Mark Zuckerberg’s Meta ‘Supreme Court’ Prepares for ‘Targeted Cuts’ appeared first on Breitbart.
Massachusetts Democrat Gov. Maura Healey signed the state budget, which provides an additional $426 million for housing illegals.
The post Massachusetts Gov. Maura Healey Approves $426 Million More to Welcome Migrants, Push Out Citizens appeared first on Breitbart.
Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.
The post Breitbart Business Digest: The Jobs Report Was Not as Weak as It Looked appeared first on Breitbart.
Islamist Turkish President Recep Tayyip Erdogan confirmed reports on Friday that Ankara will ban all imports from and exports to Israel in support of the jihadist terror group Hamas.
The post Turkey Announces Trade Embargo on Israel appeared first on Breitbart.
As the healthcare industry grapples with the rapid integration of AI, nurses are voicing their concerns about the potential risks to patient care.
The post Nurses Protest Against Rushed AI Implementation in Healthcare, Raising Concerns over Patient Care appeared first on Breitbart.
On Friday’s broadcast of NewsNation’s “The Hill,” White House Senior Adviser Gene Sperling discussed the recent jobs report and stated that things are “not good enough, because people are still facing too high costs in their family and personal lives.
The post White House: We Have Job Market That’s ‘Better Than Even a Soft Landing’ appeared first on Breitbart.
The most significant antitrust trial in 25 years is drawing to a close in Washington, with Google making its final stand against the DOJ's efforts to break the tech giant's death grip on online search.
The post Google Defends Its $20 Billion Payoff to Apple in Antitrust Suit Closing Arguments appeared first on Breitbart.
Clarkesworld, a renowned science fiction and fantasy magazine, has temporarily closed its doors to new submissions after being inundated with a large number of AI-generated stories.
The post Science Fiction Magazine Stops Taking Submissions amid Flood of AI-Generated Stories appeared first on Breitbart.
During an interview with CBS on Friday, White House Council of Economic Advisers Chair Jared Bernstein responded to a question on how long it will take prices to drop if President Joe Biden is re-elected by stating that we have
The post White House on When Prices Will Drop if Biden’s Re-Elected: We’ve Cut Some Costs appeared first on Breitbart.
Microsoft has strengthened its stance against the use of generative AI for facial recognition by U.S. police departments through its Azure OpenAI Service, a managed enterprise solution built around OpenAI's technology.
The post Move Along, Cops: Microsoft Reinforces Ban on Police Use of Generative AI for Facial Recognition appeared first on Breitbart.
Florida is embracing a "freedom sales tax holiday" to make the summer "more affordable" in President Joe Biden's economy.
The post Florida Embraces ‘Freedom Sales Tax Holiday’ to Make ‘Summer More Affordable’ appeared first on Breitbart.
Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal.
The post Japanese Corp Says DOJ Requested a Delay on Purchase of U.S. Steel, Insists It Has Nothing to Do with 2024 Election appeared first on Breitbart.
Hundreds of illegal migrants are being killed on construction sites around the nation, marking another hidden cost of President Joe Biden's progressive welcome for cheap migrant labor.
The post Joe Biden’s Border Policy Kills Hundreds of Illegal Workers appeared first on Breitbart.
A poll shows that more Americans trust former President Donald Trump over President Joe Biden on the handling of inflation and the economy.
The post Poll: More Americans Trust Trump over Biden on Economy, Inflation appeared first on Breitbart.
The DOJ has accused Google of encouraging employees to delete sensitive chat logs where they discussed the inner workings of the search giant's business, including messages potentially revealing the company's alleged anticompetitive practices and monopolistic intent in the search market.
The post Google Antitrust Case: DOJ Accuses Internet Giant of Deleting Sensitive Chat Logs appeared first on Breitbart.
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has voiced his apprehension about the rapid advancement of artificial intelligence technology, comparing its potential impact to that of nuclear weapons. Buffett warned that AI-powered scams, with their ability to trick everyday people into believing practically anything, could be "the growth industry of all time" for criminals.
The post Warren Buffett: AI-Powered Scams Are Crooks’ ‘Growth Industry of All Time’ appeared first on Breitbart.
For the first time ever, the expectation to own a home among younger Americans fell below 50 percent.
The post Bidenflation Blues: Renters More Pessimistic Than Ever About Owning A Home appeared first on Breitbart.
Despite losses in the first quarter of 2024, General Motors (GM) CEO Mary Barra says the Detroit-based automaker is "committed to China" with plans to go all-in with Electric Vehicles.
The post CEO Mary Barra Says General Motors ‘Committed to China’ Despite $106M in Quarterly Losses appeared first on Breitbart.
Multinational automaker Stellantis is set to launch its first hydrogen-powered vehicle for the United States market with its made-in-Mexico Ram 5500 trucks.
The post Green New Globalism: Stellantis to Make Hydrogen Ram Trucks in Mexico appeared first on Breitbart.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
The post Breitbart Business Digest: Corporate Profits Say No to Rate Cuts appeared first on Breitbart.
Hundreds of Americans gathered in Boston on Saturday to blast Democrats for approving $420 million to shelter migrants.
The post Americans Protest Boston’s Housing Giveaway to Immigrants appeared first on Breitbart.
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