Harvard Economist: Expect Inflation for the Next 2 Years

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One Harvard University economist is warning that high inflation will remain through 2023.

Last week, the Bureau of Labor Statistics reported that in December consumer prices rose by 7% over the previous year — the highest rate in roughly 40 years. Likewise, “real average hourly earnings” — which consider the effect of inflation — decreased by 2.4% from December 2020 to December 2021, slashing the purchasing power of American consumers.

In an interview with Fox Business, Kenneth Rogoff — a Harvard economist and chess Grandmaster — explained that “it’s not so easy to raise interest rates to fight inflation when public and private data is high, when the stock market is high, when housing prices are high, when the economy is still weak.” Central bankers willing to do so would have “a lot of stomach.”

Rogoff added that policymakers at the Federal Reserve must balance the need to cut runaway inflation while avoiding a recession. “And I think the question is: How much are they going to have to step on the brakes to really slow inflation down?” he said, predicting that the Federal Reserve will be conservative in their rate increases.

As the central bank has not used rate hikes to kill high inflation for decades, Rogoff said “it’s not clear how it’s going to work.” (Read more from “Harvard Economist: Expect Inflation for the Next 2 Years” HERE)

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CNN’s Parent Company to Banish Conservative Competitor From Lineup

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One America News Network’s (OAN) largest distributor, DirecTV, announced Friday that it will not renew its contract with the outlet, Bloomberg reported.

In an email statement to Bloomberg, DirecTV spokesperson said that “following a routine internal review,” the decision was made to not enter a new contract with Herring Networks Inc., OAN’s owner, once the current contract ends in April. DirecTV made up 90% of the network’s revenue, according to Reuters.

OAN will continue to be provided through Verizon FiOS and various other smaller national pay-TV providers, including KlowdTV and Vidgo, per its website.

The decision follows a concerted campaign from pro-censorship activists and media companies to remove OAN from DirecTV. 16 organizations, including GLAAD, Free Press, and Common Cause, came together to draft a letter to demand DirecTV drop OAN and AT&T severe all ties with the platform in November.

“We are deeply disturbed to learn that AT&T helped establish and fund OAN, a purveyor of racial bigotry, conspiracy theories and calls for anti-democratic violence that endanger lives,” the letter reads. (Read more from “CNN’s Parent Company to Banish Conservative Competitor From Lineup” HERE)

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Former Air Force Technician Describes Chilling Encounter With a UFO

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Former Air Force member Adrian Reister claims to have seen multiple unexplainable situations while working in the military.

During an interview with the Liberation Times, the former nuclear weapons technician recounted a pair of paranormal events involving the nuclear weapons at Whiteman Air Force Base from more than 15 years ago, and the details are fascinating.

To make matters more interesting, Reister also claims he saw a being that is almost difficult to describe while on duty at the base.

I saw what I can’t really describe as other than a black mass in the shape of a person standing at 6ft, not really a shadow but something that was slightly blurry and didn’t reflect any light… it quickly turned the corner into the admin area of the shop, and I chased after it like a madman.

As I ran down the length of the wall from the support section and into the admin area I searched high and low, there’s not really a lot of places to hide in that section, just a few offices and a breakroom. I’d been thorough in my search but I still ended up empty-handed.

(Read more from “Former Air Force Technician Describes Chilling Encounter With a UFO” HERE)

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Vaccinated Marine Corps Commandant Tests Positive for Coronavirus

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The commandant of the Marine Corps, Gen. David Berger, has tested positive for the coronavirus, his spokesperson said in a statement on Monday afternoon.

“The Commandant of the Marine Corps, Gen. David Berger, has tested positive for COVID-19. the performance of his duties will remain unaffected,” Marine Maj. Eric Flanagan said in the statement.

Berger’s status was announced shortly after a spokesman for Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, announced that Milley had tested positive for the coronavirus on Sunday.

Berger and Milley are the second top Pentagon leaders to come down with coronavirus over the past several weeks.

The nation’s top defense leader, Defense Secretary Lloyd Austin, tested positive earlier this month, forcing him to quarantine. (Read more from “Vaccinated Marine Corps Commandant Tests Positive for Coronavirus” HERE)

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COVID-1984: Majority of Democrats Favor Government Pushing Extreme Restrictions on Unvaccinated Americans

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A majority of Democrats would agree with the U.S. government taking more drastic coronavirus measures, such as confining unvaccinated Americans to their homes “at all times except for emergencies,” a Rasmussen Reports survey revealed.

The survey listed a series of potential coronavirus-related actions, gauging support for a series of penalties, including fines, stay at home orders, and designated facilities for the unvaccinated and critics of the vaccines.

“Would you strongly favor, somewhat favor, somewhat oppose or strongly oppose a proposal to limit the spread of the coronavirus by having federal or state governments require that citizens remain confined to their homes at all times, except for emergencies, if they refuse to get a COVID-19 vaccine?” the survey asked.

While 61 percent, overall, reject that scenario, the survey found 59 percent of Democrats favor the government requiring unvaccinated individuals to stay at home “at all times” with exceptions only for emergencies. Of those, 35 percent of Democrats “strongly” favor that proposal. Another 55 percent of Democrats said they favor the government fining unvaccinated Americans, while 45 percent said they would favor a proposal to limit the spread of the coronavirus “by having federal or state governments require that citizens temporarily live in designated facilities or locations if they refuse to get a COVID-19 vaccine.” (Read more from “COVID-1984: Majority of Democrats Favor Government Pushing Extreme Restrictions on Unvaccinated Americans” HERE)

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U.S. Gets Sued Over Details About Biden’s Afghanistan Catastrophe

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When Joe Biden abruptly pulled American soldiers out of Afghanistan, leaving behind both Americans and American war machinery to the terror-linked Taliban, there was immediate outrage. . .

Government watchdog Judicial Watch has filed two Freedom of Information Act cases against the Department of State “for records about the censorship of government reports about U.S. tax dollars spent on military support and equipment for Afghanistan.”

Also being sought are records about payments to Afghanistan’s government, or any member of the Taliban, during America’s departure.

First, the organization wants to know the details about what was removed from government websites about the costs of that equipment.

The case is seeking, “All records regarding the editing or removal from any public website of any report pertaining, in whole or in part, to any military equipment or training provided to the government of Afghanistan or any component thereof. This request includes, but is not limited to, any related directives or requests, as well as any related records of communication between any official or employee of the Department of State and any official or employee of any other branch, department, agency, or office of the Federal government.” (Read more from “U.S. Gets Sued Over Details About Biden’s Afghanistan Catastrophe” HERE)

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DOJ Raises Stakes With Rarely Used Sedition Charges for These Jan 6 Protesters

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The seditious conspiracy charges brought by the Justice Department on Thursday against the leader of the Oath Keepers and other members of the right-wing group signal the government is prepared to take on an ambitious fight to show that they joined the Jan. 6, 2021, attack as part of a coordinated effort to deny President Biden the White House.

The indictment contains the first sedition charges that have been brought following the riot and mark a significant escalation in prosecutors’ efforts by drawing a connection between the physical acts of mayhem that day and the broader effort by former President Trump’s supporters to obstruct Biden from taking office.

The arrest of Stewart Rhodes, the founder of the far-right militia group, followed criticism that the Justice Department, despite filing hundreds of charges, was failing to go after major actors behind the attack.

The criminal statute for seditious conspiracy covers plots to overthrow or attack the government or use force to prevent the execution of U.S. laws. The Justice Department’s case against the leaders of the Oath Keepers alleges that they conspired “to oppose by force the execution of the laws governing the transfer of presidential power.”

“It’s ​​significant because they are so rarely used, and that reflects the gravity of the charges and the difficulties of proving it in court,” said Bruce Hoffman, a counterterrorism and homeland security expert with the Council on Foreign Relations. (Read more from “DOJ Raises Stakes With Rarely Used Sedition Charges for These Jan 6 Protesters” HERE)

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Half of American’s Say They’re Mad About Biden Presidency

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Half the respondents in a new CBS News poll released on Sunday said they were frustrated with Joe Biden’s presidency, just a few days before he marks his first full year in office.

When asked in the poll how Biden’s presidency made them feel, half of respondents said they were “frustrated” and “disappointed.” Additionally, 40 percent said his presidency made them feel “nervous,” while a quarter of respondents said it made them feel “calm” and “satisfied.”

Overall, respondents in the CBS News survey appeared to have a less than optimistic view on the current state of the country.

Nearly 75 percent of those surveyed said they felt that America was doing “somewhat” or “very” badly in a general sense.

A majority of people said that they disapproved of the way Biden was handling the economy, immigration, race relations, crime, inflation, policing and Afghanistan. (Read more from “Half of American’s Say They’re Mad About Biden Presidency” HERE)

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Virginia Governor Signs 11 Executive Orders During First Day in Office

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Republican Virginia Gov. Glenn Youngkin got straight to work Saturday, issuing 11 executive orders within hours of his inauguration.

Several of the orders were aimed at the issues within Virginia schools that gave him the edge over Democratic candidate Terry McAuliffe in the waning days of the election.

“It’s Day One, and we are going to work just like we promised,” said Youngkin in a press release, directing an end to “the use of divisive concepts, including Critical Race Theory, in public education” with his first executive order. He further made good on his promise to parents with his second order by “empowering [them] in their children’s education and upbringing by allowing them to make decisions on whether their child wears a mask in school.”

“In Virginia, it is clear under law that parents have a fundamental right to make decisions for their children’s upbringing, their education and their care … we’re providing them the ability to make the right decision for their child with regards to their child’s well-being,” Youngkin told Fox News’ John Roberts on Sunday in his first official interview as Governor.

Youngkin continued to make good on his campaign promises by vowing, with his fourth order, to investigate the recent sexual assault case in Loudoun County. (Read more from “Virginia Governor Signs 11 Executive Orders During First Day in Office” HERE)

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Green New $teal: Guvs Using Federal Corona Funds–to Fight ‘Climate Change’

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States across the country have budget surpluses, including federal coronavirus stimulus payments, and many governors are using the money for projects to fight so-called climate change.

The excess cash is also from tax collection and post-lockdown consumer spending, and governors of both red and blue states are directing funds to improve protection from extreme weather, which Democrats and the press blame on human activity and fossil fuels.

The Associated Press reported on the development:

Democratic governors such as California’s Gavin Newsom and Washington’s Jay Inslee have been clear about their plans to boost spending on climate-related projects, including expanding access to electric vehicles and creating more storage for clean energies such as solar. Newsom deemed climate change one of five “existential threats” facing the nation’s most populous state when he rolled out his proposed state budget this past week.

In Republican-led states, governors want to protect communities from natural disasters and drought, even as many of them won’t link such spending to global warming. Arizona Gov. Doug Ducey this past week pitched $1 billion for water infrastructure as drought grips the Western U.S., shriveling water supplies for cities and farms. Idaho Gov. Brad Little, who has acknowledged climate change’s role in worsening wildfires, proposed $150 million for five years’ worth of fire-fighting costs, plus more for new fire personnel. In South Carolina, Gov. Henry McMaster called on lawmakers to spend $300 million in federal money for, among other things, protecting the state’s coastline against flooding, erosion and storm damage.

(Read more from “Green New $teal: Guvs Using Federal Corona Funds–to Fight ‘Climate Change’” HERE)

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