tyb
Biden insists massive government spending will tamp down inflation
Biden: White House doing 'everything we can' to combat inflation
President Biden said Monday that Congress needs to pass his sweeping economic agenda in order to tamp down rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices. "As our economy has come roaring back, we've seen some price increases," the president said, speaking from the White House. "Some folks have raised worries that could be a sign of persistent inflation. But that's not our view." Biden said that his administration was doing "everything we can" to address the higher-than-expected inflation, but he pushed back against fears of persistent inflation and maintained his stance the recent surge in consumer prices is temporary.
"Look, we brought this economy back from the brink. There are going to be ups and downs," he said. "Reality is you can't flip the global economic light back on and not expect this to happen. As demand returns, there's going to be global supply chain challenges." The government reported last week that prices for goods and services jumped by the most in 13 years, fueling concerns that a rapidly rebounding economy could lead to runaway growth. The Labor Department said in its monthly report that consumer prices rose 0.9% from May and 5.4% over the past year.
Excluding volatile oil and gas prices, so-called core inflation jumped 4.5% over the past year, the largest increase since November 1991. Republicans have latched onto the inflation issues, blaming the $1.9 trillion stimulus bill that Democrats passed without any GOP votes in March for the price spike and attacking Biden for moving forward with another $4 trillion in new spending. Biden's comments come as Democrats begin to make headway on their two-pronged economic plans: A bipartisan infrastructure bill that includes more than $500 billion in new spending and a $3.5 trillion spending plan that would dramatically expand the government-funded safety net.
Senate Majority Leader Chuck Schumer set a Wednesday deadline for a procedural vote to begin debate on the bipartisan infrastructure bill, as Democrats simultaneously work out the details of a separate bill that would invest trillions in child care, education and support for families. Biden claimed the government investments would curtail rising inflation – rather than inflame it.
https://www.foxbusiness.com/politics/biden-inflation-government-spending
Joe is doubling down.....priceless!!
NBER Tells 14 Million Jobless Americans That The Recession Officially Ended In April 2020, The Shortest Ever
Phew! In case you were worried...
"The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020," says the Business Cycle Dating Committee of the National Bureau of Economic Research.. "The previous peak in economic activity occurred in February 2020. The recession lasted two months, which makes it the shortest US recession on record."
What a relief it must be to the almost 14 million Americans that remain on some form of government benefits since the widespread lockdowns of last year...So, asking for a friend... if the recession ended 15 months ago, why are Powell and his pals still buying $120 billion in TSY/MBS every month? Almost makes one wonder if they have an ulterior motive?
And one more tough one... if the recession ended 15 months ago, why do we need another $3.5 trillion stimulus "human infrastructure" bill?
https://www.zerohedge.com/economics/nber-tells-14-million-jobless-americans-recession-officially-ended-april-2020-shortest
>muh bloatables all over
yep...the warm-up act imo.
seen't dat next door too.
unreadable bs ftmp
feel bad for the ones who have limited time and rely on those.
Japanese health ministry panel backs lowering Moderna age limit to 12
A health ministry panel on Monday backed Moderna Inc.’s COVID-19 vaccine for emergency use in around 4 million children age 12 to 17, paving the way for final approval by the ministry in the coming days.
The panel recommended lowering the current age restriction of 18 years of age and older without conducting an additional clinical trial in the country. Pfizer Inc.’s vaccine has already been authorized for emergency use in children 12 and older since June 1. Moderna last month asked regulators in Japan, the U.S. and other nations to lower the minimum age for the vaccine to 12 from 18 after Moderna’s late stage clinical trial involving 3,732 adolescents showed in May that the jab was 100% effective starting 14 days after the second dose and “well tolerated” with no significant safety concerns identified. The European Union drug regulator is also expected to recommend that the shot be used in children as young as 12 this week, but the U.S. Food and Drug Administration has not lowered the age limit from 18 yet.
The approval would mark a step forward in Japan’s fight against the coronavirus, as this would give adolescents two options for vaccination, said Dr. Hiroyuki Moriuchi, professor of pediatrics at Nagasaki University. “By making it possible to use both the vaccines made by Pfizer and Moderna, it will become easier to vaccinate children with existing chronic diseases, which is a good thing,” he said. But Moriuchi said healthy children should not rush to get the vaccine yet. Except for high-risk children who are more likely to have severe coronavirus symptoms, healthy children should be the very last in the order of the vaccination campaign, as it makes more sense to vaccinate other age groups as a priority given the vast number of infections in children come from transmission from adults, he said.
He added that British data has shown that only two children have died of COVID-19 out of 1 million cases, and that no children have died yet in Japan, where the number of infections is much lower than that of the U.K. The Japan Pediatric Society has said that vaccinating healthy children is an important step but added that it should be taken carefully. The education and health ministries have sent a notice to municipalities saying that the government does not recommend mass vaccinations at schools, due to a difficulty in adequately explaining the vaccines to parents and a tendency for children to face peer pressure over getting a shot. It’s important that each child and parent understand the risks and benefits, experts say.
The health ministry says that minors age 16 and older can receive the vaccine without parental consent, but that children age 15 and younger are required to have a parental signature to get a shot.
https://www.japantimes.co.jp/news/2021/07/19/national/science-health/moderna-vaccine-age-limit-reduction/
https://youtu.be/8ceUZ3a6sFc
USS Ronald Reagan @Gipper_76
Preparation is key!
Sailors conduct preflight checks prior to launching aircraft from the flight deck.Airplane departure
#WeAreReagan #FlyNavy
8:11 AM · Jul 17, 2021
https://twitter.com/Gipper_76/status/1416369918405087239
500
Jan 07, 2018 10:18:45 PM EST
Q !UW.yye1fxo ID: f946c4 No. 20735
DEFCON 1
4-10-20
FIRE & FURY
(9) states of CLAS-ready go-live.
(34) commands LIVE.
CODES command ACTION.
[non-nuclear].
[1] OWL [1]
Q
credit
>>14155279
GTMO842 US Navy Beech Huron heading for a different location today...El Salvador way
On descent for San Salvador from Gitmo depart
SPAR80 USAF G5 inbound from Chievres AB, Belgium NATO Headquarters
NATO chief Stolentenberg uses dis AC
this from today
NATO’s next mission: Find a new boss
Search to succeed Jens Stoltenberg as secretary-general puts focus on women leaders from Eastern Europe. NATO allies are scouring their ranks — in search of a successor to Secretary-General Jens Stoltenberg. Stoltenberg, a former prime minister of Norway, has served in the top civilian post since October 2014. Allies extended his contract until September 2022, leaving little more than a year to install a replacement. At headquarters, formal discussions have just begun, and Stoltenberg’s successor is expected to be introduced at a NATO leaders’ summit in Madrid in late spring or early summer next year. But speculation in Brussels and other allied capitals is already rampant, with some officials, diplomats and analysts saying that after 72 years it’s high time for the alliance to appoint its first woman to the top civilian job. Others say that given the continuing face-off with Russia, selecting an Eastern European would send an important signal to Moscow.
https://www.politico.eu/article/nato-mission-new-secretary-general-jens-stoltenberg-successor/
from July 16
Gen. Mark Milley warns of threats as NATO command opens in Norfolk, Va.
Inaugurating full operational capability of NATO's Joint Force Command in Norfolk, Va., this week was marked by a ceremony highlighting the strength of the military bloc. Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, and Vice Adm. Andrew Lewis, commander of the Joint Force Command, led the proceedings Thursday aboard the amphibious assault ship USS Kearsarge at Naval Station Norfolk. The new command joins NATO commands in Brunssum, Netherlands, and Naples, Italy, and will provide a U.S.-led, joint multi-national operational command, supported by component, allied and partner commands responsible for the North Atlantic region and the Arctic region known as the High North. Establishing a third command in North America "creates a link between North America and Europe and helps to further develop the desired 360-degree approach for our collective defense and security," said Lewis, who will head Norfolk installation.
https://www.upi.com/Defense-News/2021/07/16/jfc-norfolk-milley-lewis-nato/2301626453918/
kek
nuffin like a good old-fashion panic buy the close
member dat well
muh eye break time.